JETS vs QQQ: Correlation
US Global Jets ETF (JETS) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.48.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JETS and QQQ?
On 3 years of weekly data the JETS/QQQ correlation comes out at 0.48, moderate. The relationship has been stable: the 1-year correlation (0.41) sits close to the 3-year figure. The 5-year figure is 0.52, and annualized covariance runs at 276.1 %².
Within JETS's tracked universe of 54 assets, QQQ comes in at #34 by 3-year correlation. Over the last 12 months QQQ came out ahead by 13.1 percentage points (+13.2% against +26.3%). The relationship is regime-dependent: the rolling one-year correlation swung between 0.14 and 0.69 over the past three years, so this pair behaves very differently depending on the market environment.
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 QQQ: side by side
| JETS (US Global Jets ETF) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +13.2% | +26.3% |
| 5-year return | +30.9% | +95.4% |
| Volatility (ann.) | 29.2% | 19.6% |
| Beta vs S&P 500 | 1.16 | 1.28 |
| Max drawdown (3Y) | -35.2% | -22.8% |
| Dividend yield | – | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | ETF · Thematic | ETF · US Growth & Tech |
QQQ is a Large Growth fund from Invesco: $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | JETS | QQQ |
|---|---|---|
| 2022 | -19.0% | -32.6% |
| 2023 | +11.4% | +54.9% |
| 2024 | +33.2% | +25.6% |
| 2025 | +11.6% | +20.8% |
| 2026 | +4.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JETS and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between JETS and QQQ?
As of 2026-08-27, the correlation of weekly returns between JETS and QQQ is 0.48 over 3 years, 0.41 over 1 year and 0.52 over 5 years.
Is QQQ a good diversifier for JETS?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.48 mean?
On the −1 to +1 scale, 0.48 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.
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Related comparisons
Hubs: JETS correlations · QQQ correlations
