JETU vs VOO
MAX Airlines 3X Leveraged ETN vs Vanguard S&P 500 ETF
Which is better, JETU or VOO?
Multi Alternative against Large Cap Blend.
VOO has a lower expense ratio. VOO led over 1Y, 3Y and the full window. VOO is less concentrated, with 37.9% of the fund in its ten largest positions against 86.5%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | JETU | VOO |
|---|---|---|
| Expense Ratio | 0.95% | 0.03%Best |
| AUM | $3M | $1.0T |
| Dividend Yield | 0.00% | 1.06% |
| Holdings | 19 | 506 |
| YTD Return | -38.28% | +12.15%Best |
| 1Y Return | -18.17% | +14.44%Best |
| 3Y Return (annualized) | +12.51% | +23.10%Best |
| 5Y Return (annualized) | - | +12.36% |
| Volatility (annualized) | 62.6% | 12.5%Best |
| Max Drawdown | -68.6% | -18.7%Best |
| $10,000 over 3.3 years | $7,707 | $18,096Best |
| Top 10 Weight | 86.5% | 37.9%Best |
| Fund Family | BMO Capital Markets | Vanguard (US) |
| Category | Alternative | Equity |
| Style | Multi Alternative | Large Cap Blend |
| Inception | Jun 23, 2023 | Sep 7, 2010 |
Volatility and max drawdown, and the $10,000 over 3.3 years row, are measured over the window both funds cover: Jun 21, 2023 to Oct 23, 2026 (3.3 years).
JETU vs VOO growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 3.3 years both funds cover.
JETU vs VOO Performance
MAX Airlines 3X Leveraged ETN (JETU) is an ETF from BMO Capital Markets and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year JETU returned -18.17% while VOO returned +14.44%. Year to date, JETU is down 38.28% versus a gain of 12.15% for VOO.
Over three years, JETU compounded at +12.51% per year against +23.10% for VOO.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
JETU has been the more volatile fund, with annualized monthly volatility of 62.6% compared with 12.5% for VOO. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -68.6% for JETU and -18.7% for VOO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.67. They move together some of the time, and apart the rest.
Fees and Cost Over Time
JETU charges 0.95% per year while VOO charges 0.03%. On a $10,000 position that is $95 vs $3 annually, a gap of $92 per year that compounds over a long holding period. On income, JETU currently yields 0.00% against 1.06% for VOO.
Holdings Overlap
72.5% of JETU's money is in holdings VOO also owns. 1.5% of VOO's money is in holdings JETU also owns.
Most of JETU is already inside VOO. Owning both mostly buys the same companies twice.
9 positions in common, counted across the 19 positions we hold weights for in JETU and 504 in VOO, against full books of 19 and 506.
What only one of them owns
Our book lists 490 positions for VOO that do not appear in our book for JETU (98.3% of the fund), and 6 for JETU that do not appear in VOO (16.1%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in JETU | Weight in VOO | Difference |
|---|---|---|---|
| GEGeneral Electric Co. | 9.11% | 0.53% | 8.58% |
| DALDl Co., Ltd. | 9.46% | 0.08% | 9.38% |
| HWMHowmet Aerospace | 9.03% | 0.15% | 8.88% |
| BABoeing Co | 8.60% | 0.25% | 8.35% |
| UALUnited Airlines Holdings Inc. | 8.76% | 0.05% | 8.71% |
| FDXFedex Corp | 8.60% | 0.11% | 8.49% |
| UPSUnited Parcel Service, Inc | 8.29% | 0.12% | 8.17% |
| GDGeneral Dynamics Corp. | 6.38% | 0.14% | 6.24% |
| LUVSouthwest Airlines Co. | 4.25% | 0.03% | 4.22% |
72.5% of JETU is already inside VOO.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, JETU or VOO?
JETU has an expense ratio of 0.95% while VOO charges 0.03%. VOO is the cheaper option, by $92 a year on a $10,000 investment.
Which performed better, JETU or VOO?
Over the past year JETU returned -18.17% vs +14.44% for VOO, so VOO leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, JETU or VOO?
JETU has been the more volatile fund at 62.6% annualized versus 12.5% for VOO. Worst drawdown: JETU -68.6% vs VOO -18.7%.
Should I hold both JETU and VOO?
JETU and VOO have a monthly-return correlation of 0.67, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between JETU and VOO?
72.5% of JETU's money is in holdings VOO also owns. 1.5% of VOO's is in holdings JETU also owns. They hold 9 positions in common, counted across the 19 positions we hold weights for in JETU and 504 in VOO.
Which pays a higher dividend, JETU or VOO?
JETU yields 0.00% while VOO yields 1.06%, so VOO currently pays the higher dividend yield.
Is VOO better than JETU?
VOO has a lower expense ratio. VOO led over 1Y, 3Y and the full window. VOO is less concentrated, with 37.9% of the fund in its ten largest positions against 86.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.