JETS vs VIK: Correlation
US Global Jets ETF (JETS) and Viking Holdings Ltd (VIK) show a strong relationship: their 3-year correlation of weekly returns is 0.65.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JETS and VIK?
On 3 years of weekly data the JETS/VIK correlation comes out at 0.65, strong. The relationship has been stable: the 1-year correlation (0.69) sits close to the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at 664.4 %².
Within JETS's tracked universe of 54 assets, VIK comes in at #18 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months VIK outperformed by 29.5 percentage points (+13.2% for JETS against +42.7% for VIK).
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 VIK: side by side
| JETS (US Global Jets ETF) | VIK (Viking Holdings Ltd) | |
|---|---|---|
| 1-year return | +13.2% | +42.7% |
| 5-year return | +30.9% | n/a |
| Volatility (ann.) | 29.2% | 33.6% |
| Beta vs S&P 500 | 1.16 | 1.31 |
| Max drawdown (3Y) | -35.2% | -35.4% |
| Market cap | – | $40.1B |
| P/E (trailing) | – | 30.0 |
| Dividend yield | – | 0.00% |
| Sector / category | ETF · Thematic | US Listed |
Year-by-year returns
| Year | JETS | VIK |
|---|---|---|
| 2022 | -19.0% | – |
| 2023 | +11.4% | – |
| 2024 | +33.2% | – |
| 2025 | +11.6% | +62.1% |
| 2026 | +4.6% | +25.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JETS and VIK good diversifiers for each other?
Only partially. A correlation of 0.65 means JETS and VIK 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 VIK?
As of 2026-08-27, the correlation of weekly returns between JETS and VIK is 0.65 over 3 years, 0.69 over 1 year and n/a over 5 years.
Is VIK a good diversifier for JETS?
Only partially. A correlation of 0.65 means JETS and VIK share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.65 mean?
A reading of 0.65 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-vik.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/jets-vs-vik/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: JETS correlations · VIK correlations
