JBLU vs JETS: Correlation
JetBlue Airways Corporation (JBLU) and US Global Jets ETF (JETS) show a strong relationship: their 3-year correlation of weekly returns is 0.71.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JBLU and JETS?
Across a 3-year window, the weekly returns of JBLU and JETS correlate at 0.71, strong. The past 12 months show a tighter link (0.88) than the 3-year average (0.71). Stretching to 5 years gives 0.76, with an annualized covariance of 1313.6 %².
JETS is one of the assets that tracks JBLU most closely: it ranks #1 out of the 10 assets we track against JBLU. Their recent paths diverged sharply: over the last 12 months JETS outperformed by 20.8 percentage points (-7.6% for JBLU against +13.2% for JETS). One caveat on sizing: JBLU is 2.2 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
JBLU vs JETS: side by side
| JBLU (JetBlue Airways Corporation) | JETS (US Global Jets ETF) | |
|---|---|---|
| 1-year return | -7.6% | +13.2% |
| 5-year return | -67.2% | +30.9% |
| Volatility (ann.) | 63.3% | 29.2% |
| Beta vs S&P 500 | 1.35 | 1.16 |
| Max drawdown (3Y) | -57.6% | -35.2% |
| Market cap | $1.8B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | ETF · Thematic |
Year-by-year returns
| Year | JBLU | JETS |
|---|---|---|
| 2022 | -54.5% | -19.0% |
| 2023 | -14.4% | +11.4% |
| 2024 | +41.6% | +33.2% |
| 2025 | -42.1% | +11.6% |
| 2026 | +7.5% | +4.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JBLU and JETS good diversifiers for each other?
To a limited degree. At 0.71 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between JBLU and JETS?
As of 2026-08-27, the correlation of weekly returns between JBLU and JETS is 0.71 over 3 years, 0.88 over 1 year and 0.76 over 5 years.
Is JETS a good diversifier for JBLU?
To a limited degree. At 0.71 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.71 mean?
A reading of 0.71 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/jblu-vs-jets.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/jblu-vs-jets/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: JBLU correlations · JETS correlations
