JETS vs SONO: Correlation
How closely do US Global Jets ETF (JETS) and Sonos, Inc. (SONO) trade together? Their weekly returns over three years give a correlation of 0.57, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JETS and SONO?
On 3 years of weekly data the JETS/SONO correlation comes out at 0.57, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.44 versus 0.57 over 3 years. The 5-year figure is 0.49, and annualized covariance runs at 746.5 %².
Within JETS's tracked universe of 54 assets, SONO comes in at #21 by 3-year correlation. Their 12-month results are close: +13.2% for JETS against +8.3% for SONO. Note the risk asymmetry: SONO runs 1.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 SONO: side by side
| JETS (US Global Jets ETF) | SONO (Sonos, Inc.) | |
|---|---|---|
| 1-year return | +13.2% | +8.3% |
| 5-year return | +30.9% | -61.8% |
| Volatility (ann.) | 29.2% | 44.8% |
| Beta vs S&P 500 | 1.16 | 1.66 |
| Max drawdown (3Y) | -35.2% | -60.5% |
| Market cap | – | $1.8B |
| P/E (trailing) | – | 33.6 |
| Dividend yield | – | 0.00% |
| Sector / category | ETF · Thematic | US Listed |
Year-by-year returns
| Year | JETS | SONO |
|---|---|---|
| 2022 | -19.0% | -43.3% |
| 2023 | +11.4% | +1.4% |
| 2024 | +33.2% | -12.3% |
| 2025 | +11.6% | +16.8% |
| 2026 | +4.6% | -14.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JETS and SONO good diversifiers for each other?
To a limited degree. At 0.57 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between JETS and SONO?
The JETS/SONO correlation stands at 0.57 on a 3-year window (1 year: 0.44, 5 years: 0.49), computed from weekly returns as of 2026-08-27.
Is SONO a good diversifier for JETS?
To a limited degree. At 0.57 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.57 mean?
On the −1 to +1 scale, 0.57 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-sono.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/jets-vs-sono/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: JETS correlations · SONO correlations
