JETS vs TNL: Correlation
How closely do US Global Jets ETF (JETS) and Travel Leisure Co. (TNL) trade together? Their weekly returns over three years give a correlation of 0.69, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JETS and TNL?
Over the past 3 years, JETS and TNL moved with a correlation of 0.69, which is strong. The relationship has been stable: the 1-year correlation (0.69) sits close to the 3-year figure. Over 5 years the correlation is 0.74, and the annualized covariance of weekly returns is 605.9 %².
Among the 54 assets we track against JETS, TNL ranks #11 by 3-year correlation. On 12-month performance TNL holds a 6.0-point edge, +13.2% against +19.2%.
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 TNL: side by side
| JETS (US Global Jets ETF) | TNL (Travel Leisure Co.) | |
|---|---|---|
| 1-year return | +13.2% | +19.2% |
| 5-year return | +30.9% | +59.9% |
| Volatility (ann.) | 29.2% | 30.1% |
| Beta vs S&P 500 | 1.16 | 1.19 |
| Max drawdown (3Y) | -35.2% | -32.2% |
| Market cap | – | $4.4B |
| P/E (trailing) | – | 19.9 |
| Dividend yield | – | 3.15% |
| Sector / category | ETF · Thematic | US Listed |
Year-by-year returns
| Year | JETS | TNL |
|---|---|---|
| 2022 | -19.0% | -31.7% |
| 2023 | +11.4% | +12.5% |
| 2024 | +33.2% | +34.8% |
| 2025 | +11.6% | +45.5% |
| 2026 | +4.6% | +3.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JETS and TNL good diversifiers for each other?
Only partially. A correlation of 0.69 means JETS and TNL share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between JETS and TNL?
The JETS/TNL correlation stands at 0.69 on a 3-year window (1 year: 0.69, 5 years: 0.74), computed from weekly returns as of 2026-08-27.
Is TNL a good diversifier for JETS?
Only partially. A correlation of 0.69 means JETS and TNL share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.69 mean?
On the −1 to +1 scale, 0.69 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-tnl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/jets-vs-tnl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: JETS correlations · TNL correlations
