JETS vs KRUS: Correlation
US Global Jets ETF (JETS) and Kura Sushi USA, Inc. (KRUS) show a moderate relationship: their 3-year correlation of weekly returns is 0.46.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JETS and KRUS?
On 3 years of weekly data the JETS/KRUS correlation comes out at 0.46, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.65 versus 0.46 over 3 years. The 5-year figure is 0.41, and annualized covariance runs at 924.8 %².
Within JETS's tracked universe of 54 assets, KRUS comes in at #36 by 3-year correlation. The last year tells two different stories: JETS led by 56.1 percentage points, +13.2% for JETS against -42.9% for KRUS. One caveat on sizing: KRUS is 2.4 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.
JETS vs KRUS: side by side
| JETS (US Global Jets ETF) | KRUS (Kura Sushi USA, Inc.) | |
|---|---|---|
| 1-year return | +13.2% | -42.9% |
| 5-year return | +30.9% | -8.8% |
| Volatility (ann.) | 29.2% | 69.0% |
| Beta vs S&P 500 | 1.16 | 1.57 |
| Max drawdown (3Y) | -35.2% | -65.4% |
| Market cap | – | $0.6B |
| P/E (trailing) | – | – |
| Dividend yield | – | 0.00% |
| Sector / category | ETF · Thematic | US Listed |
Year-by-year returns
| Year | JETS | KRUS |
|---|---|---|
| 2022 | -19.0% | -41.0% |
| 2023 | +11.4% | +59.4% |
| 2024 | +33.2% | +19.2% |
| 2025 | +11.6% | -42.2% |
| 2026 | +4.6% | -11.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JETS and KRUS good diversifiers for each other?
Reasonably. At 0.46, JETS and KRUS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between JETS and KRUS?
As of 2026-08-27, the correlation of weekly returns between JETS and KRUS is 0.46 over 3 years, 0.65 over 1 year and 0.41 over 5 years.
Is KRUS a good diversifier for JETS?
Reasonably. At 0.46, JETS and KRUS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.46 mean?
On the −1 to +1 scale, 0.46 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/jets-vs-krus.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/jets-vs-krus/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: JETS correlations · KRUS correlations
