JBTM vs JETS: Correlation
JBT Marel Corporation (JBTM) and US Global Jets ETF (JETS) show a moderate relationship: their 3-year correlation of weekly returns is 0.52.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JBTM and JETS?
Across a 3-year window, the weekly returns of JBTM and JETS correlate at 0.52, moderate. Recent behaviour matches the longer record: 0.56 over 1 year against 0.52 over 3. Stretching to 5 years gives 0.55, with an annualized covariance of 539.3 %².
In JBTM's tracked universe of 12 assets, JETS sits right near the top at #2. The last year tells two different stories: JETS led by 31.4 percentage points, -18.2% for JBTM against +13.2% for JETS.
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.
JBTM vs JETS: side by side
| JBTM (JBT Marel Corporation) | JETS (US Global Jets ETF) | |
|---|---|---|
| 1-year return | -18.2% | +13.2% |
| 5-year return | -18.0% | +30.9% |
| Volatility (ann.) | 35.7% | 29.2% |
| Beta vs S&P 500 | 0.79 | 1.16 |
| Max drawdown (3Y) | -32.2% | -35.2% |
| Market cap | $6.1B | – |
| P/E (trailing) | 32.3 | – |
| Dividend yield | 0.33% | – |
| Sector / category | US Listed | ETF · Thematic |
Year-by-year returns
| Year | JBTM | JETS |
|---|---|---|
| 2022 | -40.3% | -19.0% |
| 2023 | +9.3% | +11.4% |
| 2024 | +28.3% | +33.2% |
| 2025 | +18.9% | +11.6% |
| 2026 | -21.5% | +4.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JBTM and JETS good diversifiers for each other?
Only partially. A correlation of 0.52 means JBTM 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 JBTM and JETS?
Using weekly returns as of 2026-08-27: 0.52 over 3 years, with 0.56 over the last year and 0.55 over 5 years.
Is JETS a good diversifier for JBTM?
Only partially. A correlation of 0.52 means JBTM 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?
A reading of 0.52 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/jbtm-vs-jets.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/jbtm-vs-jets/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: JBTM correlations · JETS correlations
