JETS vs LULU: Correlation
Measured on weekly returns over the past three years, US Global Jets ETF (JETS) and Lululemon Athletica (LULU) carry a correlation of 0.50, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JETS and LULU?
Across a 3-year window, the weekly returns of JETS and LULU correlate at 0.50, moderate. The relationship has been stable: the 1-year correlation (0.52) sits close to the 3-year figure. Stretching to 5 years gives 0.45, with an annualized covariance of 614.6 %².
By 3-year correlation, LULU places #31 of the 54 assets tracked against JETS. Their recent paths diverged sharply: over the last 12 months JETS outperformed by 57.3 percentage points (+13.2% for JETS against -44.1% for LULU). The rolling one-year correlation moved between 0.26 and 0.60 over the past three years, a moderate range.
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 LULU: side by side
| JETS (US Global Jets ETF) | LULU (Lululemon Athletica) | |
|---|---|---|
| 1-year return | +13.2% | -44.1% |
| 5-year return | +30.9% | -72.3% |
| Volatility (ann.) | 29.2% | 41.8% |
| Beta vs S&P 500 | 1.16 | 0.98 |
| Max drawdown (3Y) | -35.2% | -79.4% |
| Market cap | – | $13.1B |
| P/E (trailing) | – | 9.4 |
| Dividend yield | – | 0.00% |
| Sector / category | ETF · Thematic | Consumer Discretionary |
Year-by-year returns
| Year | JETS | LULU |
|---|---|---|
| 2022 | -19.0% | -18.2% |
| 2023 | +11.4% | +59.6% |
| 2024 | +33.2% | -25.2% |
| 2025 | +11.6% | -45.7% |
| 2026 | +4.6% | -44.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JETS and LULU good diversifiers for each other?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between JETS and LULU?
As of 2026-08-27, the correlation of weekly returns between JETS and LULU is 0.50 over 3 years, 0.52 over 1 year and 0.45 over 5 years.
Is LULU a good diversifier for JETS?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.50 mean?
On the −1 to +1 scale, 0.50 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-lulu.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/jets-vs-lulu/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: JETS correlations · LULU correlations
