JETS vs SOXX: Correlation
Measured on weekly returns over the past three years, US Global Jets ETF (JETS) and iShares Semiconductor ETF (SOXX) carry a correlation of 0.46, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JETS and SOXX?
Across a 3-year window, the weekly returns of JETS and SOXX correlate at 0.46, moderate. Recent behaviour matches the longer record: 0.44 over 1 year against 0.46 over 3. Stretching to 5 years gives 0.50, with an annualized covariance of 470.1 %².
Among the 54 assets we track against JETS, SOXX ranks #37 by 3-year correlation. Correlation aside, the last 12 months split them widely, with SOXX ahead by 96.8 points (+13.2% versus +110.0%). Across three years, the rolling one-year figure varied moderately, from 0.19 to 0.64.
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 SOXX: side by side
| JETS (US Global Jets ETF) | SOXX (iShares Semiconductor ETF) | |
|---|---|---|
| 1-year return | +13.2% | +110.0% |
| 5-year return | +30.9% | +247.5% |
| Volatility (ann.) | 29.2% | 35.2% |
| Beta vs S&P 500 | 1.16 | 1.93 |
| Max drawdown (3Y) | -35.2% | -41.4% |
| Dividend yield | – | 0.29% |
| Expense ratio | – | 0.33% |
| Assets under management | – | $44.7B |
| Sector / category | ETF · Thematic | ETF · Thematic |
On the fund side, SOXX sits in the Technology category at iShares, with $44.7B under management, 30 holdings, a 0.33% expense ratio, a 0.29% trailing dividend yield.
Year-by-year returns
| Year | JETS | SOXX |
|---|---|---|
| 2022 | -19.0% | -35.1% |
| 2023 | +11.4% | +67.1% |
| 2024 | +33.2% | +12.9% |
| 2025 | +11.6% | +40.7% |
| 2026 | +4.6% | +74.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JETS and SOXX good diversifiers for each other?
Reasonably. At 0.46, JETS and SOXX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between JETS and SOXX?
As of 2026-08-27, the correlation of weekly returns between JETS and SOXX is 0.46 over 3 years, 0.44 over 1 year and 0.50 over 5 years.
Is SOXX a good diversifier for JETS?
Reasonably. At 0.46, JETS and SOXX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.46 mean?
On the −1 to +1 scale, 0.46 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-soxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/jets-vs-soxx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: JETS correlations · SOXX correlations
