JTAI vs LEDS: Correlation
Jet.AI Inc. (JTAI) and SemiLEDS Corporation (LEDS) show a moderate relationship: their 3-year correlation of weekly returns is 0.48.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JTAI and LEDS?
On 3 years of weekly data the JTAI/LEDS correlation comes out at 0.48, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.70 versus 0.48 over 3 years. The 5-year figure is 0.43, and annualized covariance runs at 10265.9 %².
Few assets follow JTAI as closely as LEDS, which ranks #3 of 12 tracked partners. The last year tells two different stories: LEDS led by 98.6 percentage points, -97.6% for JTAI against +1.0% for LEDS. Note the risk asymmetry: JTAI runs 2.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
JTAI vs LEDS: side by side
| JTAI (Jet.AI Inc.) | LEDS (SemiLEDS Corporation) | |
|---|---|---|
| 1-year return | -97.6% | +1.0% |
| 5-year return | -100.0% | -78.8% |
| Volatility (ann.) | 233.8% | 90.7% |
| Beta vs S&P 500 | 0.55 | 1.11 |
| Max drawdown (3Y) | -100.0% | -67.6% |
| Market cap | – | – |
| P/E (trailing) | 0.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JTAI | LEDS |
|---|---|---|
| 2022 | +5.6% | -65.4% |
| 2023 | -86.2% | -13.1% |
| 2024 | -98.6% | -7.2% |
| 2025 | -87.1% | +16.3% |
| 2026 | -85.9% | +32.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JTAI and LEDS good diversifiers for each other?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between JTAI and LEDS?
The JTAI/LEDS correlation stands at 0.48 on a 3-year window (1 year: 0.70, 5 years: 0.43), computed from weekly returns as of 2026-08-27.
Is LEDS a good diversifier for JTAI?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.48 mean?
A reading of 0.48 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/jtai-vs-leds.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/jtai-vs-leds/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: JTAI correlations · LEDS correlations
