FOSL vs JETS: Correlation
Measured on weekly returns over the past three years, Fossil Group, Inc. (FOSL) and US Global Jets ETF (JETS) carry a correlation of 0.41, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FOSL and JETS?
Over the past 3 years, FOSL and JETS moved with a correlation of 0.41, which is moderate. Recent behaviour matches the longer record: 0.38 over 1 year against 0.41 over 3. Over 5 years the correlation is 0.45, and the annualized covariance of weekly returns is 1096.9 %².
Among the 13 assets we track against FOSL, JETS ranks #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with FOSL ahead by 62.6 points (+75.8% versus +13.2%). Risk is not evenly split, since FOSL carries 3.2 times the volatility of the other side.
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.
FOSL vs JETS: side by side
| FOSL (Fossil Group, Inc.) | JETS (US Global Jets ETF) | |
|---|---|---|
| 1-year return | +75.8% | +13.2% |
| 5-year return | -60.8% | +30.9% |
| Volatility (ann.) | 92.1% | 29.2% |
| Beta vs S&P 500 | 1.49 | 1.16 |
| Max drawdown (3Y) | -65.5% | -35.2% |
| Market cap | $0.3B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | ETF · Thematic |
Year-by-year returns
| Year | FOSL | JETS |
|---|---|---|
| 2022 | -58.1% | -19.0% |
| 2023 | -66.1% | +11.4% |
| 2024 | +14.4% | +33.2% |
| 2025 | +125.1% | +11.6% |
| 2026 | +43.1% | +4.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FOSL and JETS good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between FOSL and JETS?
The FOSL/JETS correlation stands at 0.41 on a 3-year window (1 year: 0.38, 5 years: 0.45), computed from weekly returns as of 2026-08-27.
Is JETS a good diversifier for FOSL?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.41 mean?
On the −1 to +1 scale, 0.41 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: FOSL correlations · JETS correlations
