JACK vs JETS: Correlation
Measured on weekly returns over the past three years, Jack In The Box Inc. (JACK) and US Global Jets ETF (JETS) carry a correlation of 0.52, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JACK and JETS?
Over the past 3 years, JACK and JETS moved with a correlation of 0.52, which is moderate. The relationship has been stable: the 1-year correlation (0.59) sits close to the 3-year figure. Over 5 years the correlation is 0.48, and the annualized covariance of weekly returns is 878.4 %².
Few assets follow JACK as closely as JETS, which ranks #2 of 13 tracked partners. Correlation aside, the last 12 months split them widely, with JETS ahead by 26.2 points (-13.0% versus +13.2%). Risk is not evenly split, since JACK carries 2.0 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.
JACK vs JETS: side by side
| JACK (Jack In The Box Inc.) | JETS (US Global Jets ETF) | |
|---|---|---|
| 1-year return | -13.0% | +13.2% |
| 5-year return | -83.5% | +30.9% |
| Volatility (ann.) | 58.3% | 29.2% |
| Beta vs S&P 500 | 1.31 | 1.16 |
| Max drawdown (3Y) | -88.4% | -35.2% |
| Market cap | $0.3B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | ETF · Thematic |
Year-by-year returns
| Year | JACK | JETS |
|---|---|---|
| 2022 | -20.2% | -19.0% |
| 2023 | +22.2% | +11.4% |
| 2024 | -47.3% | +33.2% |
| 2025 | -53.8% | +11.6% |
| 2026 | -16.1% | +4.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JACK and JETS good diversifiers for each other?
Only partially. A correlation of 0.52 means JACK and JETS share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between JACK and JETS?
As of 2026-08-27, the correlation of weekly returns between JACK and JETS is 0.52 over 3 years, 0.59 over 1 year and 0.48 over 5 years.
Is JETS a good diversifier for JACK?
Only partially. A correlation of 0.52 means JACK and JETS share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.52 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/jack-vs-jets.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/jack-vs-jets/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: JACK correlations · JETS correlations
