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JETD ETF — MAX Airlines -3X Inverse Leveraged ETNs
MAX Airlines -3X Inverse Leveraged ETNs (JETD)
Updated October 16, 2026.
JETD is an ETF. its expense ratio is 0.95%. Total return is -84.6% over the past 3.3 years, 166.3 points behind SPY at 81.7%.
This ETF seeks to deliver three times the inverse daily performance of an index tracking U.S.-listed airline companies and related businesses including aircraft manufacturers, air freight operators, and aircraft lessors. The fund does not distribute income to shareholders and carries an expense ratio of 0.95%. It appeals to traders seeking short-term bearish exposure to the airline sector, though the leveraged inverse structure makes it suitable primarily for experienced investors comfortable with daily rebalancing dynamics and decay effects over longer holding periods.
JETD holdings and sector exposure
Holdings are not available for this snapshot.
JETD performance versus SPY
Price and return data through 2026-10-16.
Total return is -84.6% over the past 3.3 years, 166.3 points behind SPY at 81.7%. Over the past year its total return — price change plus distributions reinvested — is -46.7%. Its deepest 1-year drawdown was 72.8%.
| Window | Total return | CAGR |
|---|---|---|
| 1M | 13.4% | — |
| 3M | 54.8% | — |
| 6M | -3.6% | — |
| YTD | -20.2% | — |
| 1Y | -46.7% | — |
| 2Y CAGR | — | -48.70% |
| 3Y CAGR | — | -53.30% |
| Since inception (3.3 years) | -84.6% | -43.00% |
JETD key facts
- Issuer
- Bank of America
- Asset type
- ETF
- Asset class
- Equity
- Inception date
- 06/20/2023
- Expense ratio
- 0.95%
- Distribution frequency
- None
- Last close
- $3.85 (as of 2026-10-16)
- AUM
- $5,173,794
- Average volume
- 88166.0
- Beta
- -2.95
How Dividend Vision calculates yield and returns
Distribution rate (the posted rate) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.
Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology
Sources and review
Primary sources: Bank of America; prices and distributions from Dividend Vision, derived from vendor EOD data.
Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.
JETD risks and drawbacks
Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 72.8%.
Who may consider JETD — and who may not
It is a weaker fit for investors who need monthly cash flow (JETD does not currently distribute); investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.
More on JETD
Frequently asked questions
Does JETD pay monthly?
No. JETD does not currently distribute.
What is JETD's expense ratio?
JETD's expense ratio is 0.95%.
When does JETD pay a dividend?
JETD does not currently distribute.
How has JETD performed?
Total return is -84.6% over the past 3.3 years, 166.3 points behind SPY at 81.7%. Over the past year its total return — price change plus distributions reinvested — is -46.7%. Its deepest 1-year drawdown was 72.8%.
More securities from Bank of America.
Tickers
Holdings as-of date unavailable.
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