DLTR vs JETS: Correlation
Dollar Tree (DLTR) and US Global Jets ETF (JETS) show a moderate relationship: their 3-year correlation of weekly returns is 0.42.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DLTR and JETS?
Across a 3-year window, the weekly returns of DLTR and JETS correlate at 0.42, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.61 versus 0.42 over 3 years. Stretching to 5 years gives 0.34, with an annualized covariance of 456.4 %².
By 3-year correlation, JETS places #6 of the 32 assets tracked against DLTR. Twelve-month performance is nearly a tie, at +12.5% for DLTR and +13.2% for JETS. The rolling one-year correlation moved between 0.14 and 0.59 over the past three years, a moderate range.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
DLTR vs JETS: side by side
| DLTR (Dollar Tree) | JETS (US Global Jets ETF) | |
|---|---|---|
| 1-year return | +12.5% | +13.2% |
| 5-year return | +39.7% | +30.9% |
| Volatility (ann.) | 37.3% | 29.2% |
| Beta vs S&P 500 | 0.70 | 1.16 |
| Max drawdown (3Y) | -59.2% | -35.2% |
| Market cap | $23.8B | – |
| P/E (trailing) | 21.2 | – |
| Dividend yield | 0.00% | – |
| Sector / category | Consumer Staples | ETF · Thematic |
Year-by-year returns
| Year | DLTR | JETS |
|---|---|---|
| 2022 | +0.7% | -19.0% |
| 2023 | +0.4% | +11.4% |
| 2024 | -47.2% | +33.2% |
| 2025 | +64.1% | +11.6% |
| 2026 | +3.2% | +4.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DLTR and JETS good diversifiers for each other?
Reasonably. At 0.42, DLTR and JETS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between DLTR and JETS?
As of 2026-08-27, the correlation of weekly returns between DLTR and JETS is 0.42 over 3 years, 0.61 over 1 year and 0.34 over 5 years.
Is JETS a good diversifier for DLTR?
Reasonably. At 0.42, DLTR and JETS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.42 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dltr-vs-jets.json
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Related comparisons
Hubs: DLTR correlations · JETS correlations
