JETS vs MXC: Correlation
US Global Jets ETF (JETS) and Mexco Energy Corporation (MXC) show a negative relationship: their 3-year correlation of weekly returns is -0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JETS and MXC?
Across a 3-year window, the weekly returns of JETS and MXC correlate at -0.26, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.36 lands near the 3-year figure. Stretching to 5 years gives -0.14, with an annualized covariance of -478.4 %².
Within JETS's tracked universe of 54 assets, MXC comes in at #48 by 3-year correlation. On 12-month performance MXC holds a 8.4-point edge, +13.2% against +21.6%. One caveat on sizing: MXC is 2.1 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 MXC: side by side
| JETS (US Global Jets ETF) | MXC (Mexco Energy Corporation) | |
|---|---|---|
| 1-year return | +13.2% | +21.6% |
| 5-year return | +30.9% | +7.2% |
| Volatility (ann.) | 29.2% | 62.1% |
| Beta vs S&P 500 | 1.16 | -0.31 |
| Max drawdown (3Y) | -35.2% | -60.6% |
| Market cap | – | – |
| P/E (trailing) | – | 13.0 |
| Dividend yield | – | 1.02% |
| Sector / category | ETF · Thematic | US Listed |
Year-by-year returns
| Year | JETS | MXC |
|---|---|---|
| 2022 | -19.0% | +33.0% |
| 2023 | +11.4% | -26.2% |
| 2024 | +33.2% | +24.6% |
| 2025 | +11.6% | -10.8% |
| 2026 | +4.6% | -0.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JETS and MXC good diversifiers for each other?
Yes. With a correlation of -0.26, JETS and MXC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between JETS and MXC?
As of 2026-08-27, the correlation of weekly returns between JETS and MXC is -0.26 over 3 years, -0.36 over 1 year and -0.14 over 5 years.
Is MXC a good diversifier for JETS?
Yes. With a correlation of -0.26, JETS and MXC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.26 mean?
A reading of -0.26 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/jets-vs-mxc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/jets-vs-mxc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: JETS correlations · MXC correlations
