diff --git a/refs/packed-backend.c b/refs/packed-backend.c
index 092b50fa84..97cc2090fd 100644
--- a/refs/packed-backend.c
+++ b/refs/packed-backend.c
@@ -12,6 +12,7 @@
 #include "../chdir-notify.h"
 #include "../wrapper.h"
 #include "../write-or-die.h"
+#include "../trace2.h"
 
 enum mmap_strategy {
 	/*
@@ -845,6 +846,7 @@ static int next_record(struct packed_ref_iterator *iter)
 		iter->jump_cur++;
 		if (iter->pos < curr->end) {
 			iter->pos = curr->end;
+			trace2_counter_add(TRACE2_COUNTER_ID_PACKED_REFS_JUMPS, 1);
 			/* jumps are coalesced, so only one jump is necessary */
 			break;
 		}
diff --git a/t/t1419-exclude-refs.sh b/t/t1419-exclude-refs.sh
index bc534c8ea1..5d8c86b657 100755
--- a/t/t1419-exclude-refs.sh
+++ b/t/t1419-exclude-refs.sh
@@ -9,7 +9,8 @@ TEST_PASSES_SANITIZE_LEAK=true
 . ./test-lib.sh
 
 for_each_ref__exclude () {
-	test-tool ref-store main for-each-ref--exclude "$@" >actual.raw
+	GIT_TRACE2_PERF=1 test-tool ref-store main \
+		for-each-ref--exclude "$@" >actual.raw
 	cut -d ' ' -f 2 actual.raw
 }
 
@@ -17,6 +18,17 @@ for_each_ref () {
 	git for-each-ref --format='%(refname)' "$@"
 }
 
+assert_jumps () {
+	local nr="$1"
+	local trace="$2"
+
+	grep -q "name:jumps_made value:$nr$" $trace
+}
+
+assert_no_jumps () {
+	! assert_jumps ".*" "$1"
+}
+
 test_expect_success 'setup' '
 	test_commit --no-tag base &&
 	base="$(git rev-parse HEAD)" &&
@@ -35,67 +47,76 @@ test_expect_success 'setup' '
 '
 
 test_expect_success 'excluded region in middle' '
-	for_each_ref__exclude refs/heads refs/heads/foo >actual &&
+	for_each_ref__exclude refs/heads refs/heads/foo >actual 2>perf &&
 	for_each_ref refs/heads/bar refs/heads/baz refs/heads/quux >expect &&
 
-	test_cmp expect actual
+	test_cmp expect actual &&
+	assert_jumps 1 perf
 '
 
 test_expect_success 'excluded region at beginning' '
-	for_each_ref__exclude refs/heads refs/heads/bar >actual &&
+	for_each_ref__exclude refs/heads refs/heads/bar >actual 2>perf &&
 	for_each_ref refs/heads/baz refs/heads/foo refs/heads/quux >expect &&
 
-	test_cmp expect actual
+	test_cmp expect actual &&
+	assert_jumps 1 perf
 '
 
 test_expect_success 'excluded region at end' '
-	for_each_ref__exclude refs/heads refs/heads/quux >actual &&
+	for_each_ref__exclude refs/heads refs/heads/quux >actual 2>perf &&
 	for_each_ref refs/heads/foo refs/heads/bar refs/heads/baz >expect &&
 
-	test_cmp expect actual
+	test_cmp expect actual &&
+	assert_jumps 1 perf
 '
 
 test_expect_success 'disjoint excluded regions' '
-	for_each_ref__exclude refs/heads refs/heads/bar refs/heads/quux >actual &&
+	for_each_ref__exclude refs/heads refs/heads/bar refs/heads/quux >actual 2>perf &&
 	for_each_ref refs/heads/baz refs/heads/foo >expect &&
 
-	test_cmp expect actual
+	test_cmp expect actual &&
+	assert_jumps 2 perf
 '
 
 test_expect_success 'adjacent, non-overlapping excluded regions' '
-	for_each_ref__exclude refs/heads refs/heads/bar refs/heads/baz >actual &&
+	for_each_ref__exclude refs/heads refs/heads/bar refs/heads/baz >actual 2>perf &&
 	for_each_ref refs/heads/foo refs/heads/quux >expect &&
 
-	test_cmp expect actual
+	test_cmp expect actual &&
+	assert_jumps 1 perf
 '
 
 test_expect_success 'overlapping excluded regions' '
-	for_each_ref__exclude refs/heads refs/heads/ba refs/heads/baz >actual &&
+	for_each_ref__exclude refs/heads refs/heads/ba refs/heads/baz >actual 2>perf &&
 	for_each_ref refs/heads/foo refs/heads/quux >expect &&
 
-	test_cmp expect actual
+	test_cmp expect actual &&
+	assert_jumps 1 perf
 '
 
 test_expect_success 'several overlapping excluded regions' '
 	for_each_ref__exclude refs/heads \
-		refs/heads/bar refs/heads/baz refs/heads/foo >actual &&
+		refs/heads/bar refs/heads/baz refs/heads/foo >actual 2>perf &&
 	for_each_ref refs/heads/quux >expect &&
 
-	test_cmp expect actual
+	test_cmp expect actual &&
+	assert_jumps 1 perf
 '
 
 test_expect_success 'non-matching excluded section' '
-	for_each_ref__exclude refs/heads refs/heads/does/not/exist >actual &&
+	for_each_ref__exclude refs/heads refs/heads/does/not/exist >actual 2>perf &&
 	for_each_ref >expect &&
 
-	test_cmp expect actual
+	test_cmp expect actual &&
+	assert_no_jumps perf
 '
 
 test_expect_success 'meta-characters are discarded' '
-	for_each_ref__exclude refs/heads "refs/heads/ba*" >actual &&
+	for_each_ref__exclude refs/heads "refs/heads/ba*" >actual 2>perf &&
 	for_each_ref >expect &&
 
-	test_cmp expect actual
+	test_cmp expect actual &&
+	assert_no_jumps perf
 '
 
 test_done
diff --git a/trace2.h b/trace2.h
index 4ced30c0db..9452e291f5 100644
--- a/trace2.h
+++ b/trace2.h
@@ -551,6 +551,8 @@ enum trace2_counter_id {
 	TRACE2_COUNTER_ID_TEST1 = 0, /* emits summary event only */
 	TRACE2_COUNTER_ID_TEST2,     /* emits summary and thread events */
 
+	TRACE2_COUNTER_ID_PACKED_REFS_JUMPS, /* counts number of jumps */
+
 	/* Add additional counter definitions before here. */
 	TRACE2_NUMBER_OF_COUNTERS
 };
diff --git a/trace2/tr2_ctr.c b/trace2/tr2_ctr.c
index b342d3b1a3..50570d0165 100644
--- a/trace2/tr2_ctr.c
+++ b/trace2/tr2_ctr.c
@@ -27,6 +27,11 @@ static struct tr2_counter_metadata tr2_counter_metadata[TRACE2_NUMBER_OF_COUNTER
 		.name = "test2",
 		.want_per_thread_events = 1,
 	},
+	[TRACE2_COUNTER_ID_PACKED_REFS_JUMPS] = {
+		.category = "packed-refs",
+		.name = "jumps_made",
+		.want_per_thread_events = 0,
+	},
 
 	/* Add additional metadata before here. */
 };