Snapshot*
What is JETD?
The MAX Airlines Exchange Traded Notes are linked to the performance of the Prime Airlines Index. Each ETN offers investors a return based on changes in the level of the Index on a daily compounded basis, before taking into account fees. The Prime Airlines Index includes stocks of U.S. listed companies that have operations relating to the airline industry, including airlines and aircraft and aircraft parts manufacturers, and companies engaged in the businesses of air freight and logistics, aircraft leasing and airline and airport operations. The index's underlying composition is modified liquidity weighted.
JETDPerformance Measures**
for the time period Jun 21, 2023 to Jul 24, 2026
1M Trailing Return: 6.8%
The percent change in the value over the most recent 1-month period.
3M Trailing Return: -41.2%
The percent change in the value over the most recent 3-month period.
Max Drawdown: -95.4%
The greatest percent loss from peak to trough in value over the time period.
Standard Deviation: 71.2%
The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.
Sharpe Ratio: -0.68
The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.
Calmar Ratio: -0.55
The annualized return divided by the max drawdown for the selected time period.
ETFs related toJETD
ETFs correlated to JETD include HDGE, RWM, TWM
What is ETF correlation?
Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.
Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.
Using ETF correlations in portfolio and strategy construction
ETF correlations can help you create investing strategies and portfolios. Use them to:
- •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
- •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
- •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.
Trading Strategies
Related toJETD
Supersonic Rocket Ship V1 RL
Category
Leveraged ETFs, tactical rotation, trend following, mean reversion, volatility hedging, risk-on/risk-off, managed futures, crypto sleeve
OOS Cumulative Return
29.18%
BisonQuant Remix Supersonic Rocket Ship RSI 5
Category
Tactical rotation, leveraged ETFs, volatility hedging, trend/momentum, mean reversion, risk-on/risk-off
OOS Cumulative Return
2.03%
Create your own algorithmic trading strategy with JETD using Composer
FAQ
Disclaimers
We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.
We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.