JETS vs TPR: Correlation
US Global Jets ETF (JETS) and Tapestry, Inc. (TPR) show a moderate relationship: their 3-year correlation of weekly returns is 0.54.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JETS and TPR?
On 3 years of weekly data the JETS/TPR correlation comes out at 0.54, moderate. Little has changed lately, as the 1-year reading of 0.57 lands near the 3-year figure. The 5-year figure is 0.55, and annualized covariance runs at 599.3 %².
Among the 54 assets we track against JETS, TPR ranks #24 by 3-year correlation. Over the last 12 months TPR came out ahead by 10.4 percentage points (+13.2% against +23.6%). The rolling one-year correlation moved between 0.39 and 0.64 over the past three years, a moderate range.
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 TPR: side by side
| JETS (US Global Jets ETF) | TPR (Tapestry, Inc.) | |
|---|---|---|
| 1-year return | +13.2% | +23.6% |
| 5-year return | +30.9% | +240.1% |
| Volatility (ann.) | 29.2% | 37.8% |
| Beta vs S&P 500 | 1.16 | 1.05 |
| Max drawdown (3Y) | -35.2% | -31.8% |
| Market cap | – | $24.6B |
| P/E (trailing) | – | 17.9 |
| Dividend yield | – | 1.23% |
| Sector / category | ETF · Thematic | Consumer Discretionary |
Year-by-year returns
| Year | JETS | TPR |
|---|---|---|
| 2022 | -19.0% | -3.3% |
| 2023 | +11.4% | +0.2% |
| 2024 | +33.2% | +82.8% |
| 2025 | +11.6% | +98.7% |
| 2026 | +4.6% | -3.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JETS and TPR good diversifiers for each other?
To a limited degree. At 0.54 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 TPR?
Using weekly returns as of 2026-08-27: 0.54 over 3 years, with 0.57 over the last year and 0.55 over 5 years.
Is TPR a good diversifier for JETS?
To a limited degree. At 0.54 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 0.54 mean?
A reading of 0.54 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/jets-vs-tpr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/jets-vs-tpr/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: JETS correlations · TPR correlations
