The U.S. Global Jets ETF (NYSE: JETS), the lone exchange traded fund dedicated to airline stocks, is down 8.6 percent year-to-date, a decline that's not surprising when remembering the often negative correlation of airline equities to oil prices. The United States Oil Fund (NYSE: USO), which tracks West Texas Intermediate futures, is higher by 7.8 percent this year.
While the performance delivered by JETS to this point in the year isn't going to impress anyone, a case can be made that investors should be too hasty in departing the ETF and airline stocks. Not when oil prices are still well below their 2014 highs and certainly not a time when many of the ...
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