JETS vs RCL: Correlation
Measured on weekly returns over the past three years, US Global Jets ETF (JETS) and Royal Caribbean Group (RCL) carry a correlation of 0.61, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JETS and RCL?
Over the past 3 years, JETS and RCL moved with a correlation of 0.61, which is strong. Recent behaviour matches the longer record: 0.57 over 1 year against 0.61 over 3. Over 5 years the correlation is 0.70, and the annualized covariance of weekly returns is 738.3 %².
Within JETS's tracked universe of 54 assets, RCL comes in at #19 by 3-year correlation. The last year tells two different stories: JETS led by 32.5 percentage points, +13.2% for JETS against -19.3% for RCL. Across three years, the rolling one-year figure varied moderately, from 0.42 to 0.76.
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 RCL: side by side
| JETS (US Global Jets ETF) | RCL (Royal Caribbean Group) | |
|---|---|---|
| 1-year return | +13.2% | -19.3% |
| 5-year return | +30.9% | +257.6% |
| Volatility (ann.) | 29.2% | 41.3% |
| Beta vs S&P 500 | 1.16 | 1.46 |
| Max drawdown (3Y) | -35.2% | -35.0% |
| Market cap | – | $76.2B |
| P/E (trailing) | – | 17.9 |
| Dividend yield | – | 1.72% |
| Sector / category | ETF · Thematic | Consumer Discretionary |
Year-by-year returns
| Year | JETS | RCL |
|---|---|---|
| 2022 | -19.0% | -35.7% |
| 2023 | +11.4% | +162.0% |
| 2024 | +33.2% | +79.0% |
| 2025 | +11.6% | +22.5% |
| 2026 | +4.6% | +3.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JETS and RCL good diversifiers for each other?
Somewhat, no more. With 0.61 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between JETS and RCL?
The JETS/RCL correlation stands at 0.61 on a 3-year window (1 year: 0.57, 5 years: 0.70), computed from weekly returns as of 2026-08-27.
Is RCL a good diversifier for JETS?
Somewhat, no more. With 0.61 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.61 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/jets-vs-rcl.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/jets-vs-rcl/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: JETS correlations · RCL correlations
