JETS vs TXRH: Correlation
How closely do US Global Jets ETF (JETS) and Texas Roadhouse, Inc. (TXRH) trade together? Their weekly returns over three years give a correlation of 0.49, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JETS and TXRH?
Over the past 3 years, JETS and TXRH moved with a correlation of 0.49, which is moderate. The relationship has been stable: the 1-year correlation (0.52) sits close to the 3-year figure. Over 5 years the correlation is 0.56, and the annualized covariance of weekly returns is 365.0 %².
Among the 54 assets we track against JETS, TXRH ranks #32 by 3-year correlation. Neither side won the trailing year by much: +13.2% against +16.4%.
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 TXRH: side by side
| JETS (US Global Jets ETF) | TXRH (Texas Roadhouse, Inc.) | |
|---|---|---|
| 1-year return | +13.2% | +16.4% |
| 5-year return | +30.9% | +134.1% |
| Volatility (ann.) | 29.2% | 25.6% |
| Beta vs S&P 500 | 1.16 | 0.52 |
| Max drawdown (3Y) | -35.2% | -24.8% |
| Market cap | – | $13.1B |
| P/E (trailing) | – | 32.6 |
| Dividend yield | – | 1.40% |
| Sector / category | ETF · Thematic | US Listed |
Year-by-year returns
| Year | JETS | TXRH |
|---|---|---|
| 2022 | -19.0% | +4.2% |
| 2023 | +11.4% | +37.1% |
| 2024 | +33.2% | +49.8% |
| 2025 | +11.6% | -6.6% |
| 2026 | +4.6% | +21.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JETS and TXRH good diversifiers for each other?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between JETS and TXRH?
As of 2026-08-27, the correlation of weekly returns between JETS and TXRH is 0.49 over 3 years, 0.52 over 1 year and 0.56 over 5 years.
Is TXRH a good diversifier for JETS?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.49 mean?
On the −1 to +1 scale, 0.49 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-txrh.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/jets-vs-txrh/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: JETS correlations · TXRH correlations
