CRSH vs. JELM

Last updated Aug 5, 2026

CRSH (YieldMax Short TSLA Option Income Strategy ETF) and JELM (Janus Henderson Equity Linked Moderate Income ETF) are both Derivative Income funds. Both are actively managed. Their 0.07 correlation means their historical movements had little consistent relationship. CRSH charges 0.99%/yr vs 0.59%/yr for JELM.

Performance

CRSH vs. JELM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax Short TSLA Option Income Strategy ETF (CRSH) and Janus Henderson Equity Linked Moderate Income ETF (JELM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CRSH

• 1D: -1.60%
• 1M: 13.05%
• 6M: 14.20%
• YTD: 21.72%
• 1Y: -7.97%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -26.35%

JELM

• 1D: 0.20%
• 1M: 1.29%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CRSH YieldMax Short TSLA Option Income Strategy ETF	$457.04K	$338.01K	$365.84K
JELM Janus Henderson Equity Linked Moderate Income ETF	$199.95K	$786.17K	$963.17K

CRSH vs. JELM - Yearly Performance Comparison

	2026 (YTD)
CRSH YieldMax Short TSLA Option Income Strategy ETF	8.52%
JELM Janus Henderson Equity Linked Moderate Income ETF	2.35%

Correlation

The correlation between CRSH and JELM is 0.07, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 22, 2026	0.07

Return for Risk

CRSH vs. JELM — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

CRSH

CRSH Risk / Return Rank: 8
CRSH Sharpe Ratio Rank: 7
CRSH Sortino Ratio Rank: 8
CRSH Omega Ratio Rank: 8
CRSH Calmar Ratio Rank: 7
CRSH Martin Ratio Rank: 7

JELM

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

CRSH vs. JELM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax Short TSLA Option Income Strategy ETF (CRSH) and Janus Henderson Equity Linked Moderate Income ETF (JELM). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	CRSH	JELM	Difference
Sharpe ratio: Return per unit of total volatility	-0.22	—	—
Sortino ratio: Return per unit of downside risk	-0.06	—	—
Omega ratio: Gain probability vs. loss probability	0.99	—	—
Calmar ratio: Return relative to maximum drawdown	-0.26	—	—
Martin ratio: Return relative to average drawdown	-0.41	—	—

Drawdowns

CRSH vs. JELM - Drawdown Comparison

The maximum CRSH drawdown since its inception was -63.68%, which is greater than JELM's maximum drawdown of -0.69%. Use the drawdown chart below to compare losses from any high point for CRSH and JELM.

Drawdown Indicators

	CRSH	JELM	Difference
Max Drawdown Largest peak-to-trough decline	-63.68%	-0.69%	-62.99%
Max Drawdown (1Y) Largest decline over 1 year	-30.50%	—	—
Current Drawdown Current decline from peak	-52.11%	-0.25%	-51.86%
Average Drawdown Average peak-to-trough decline	-44.01%	-0.21%	-43.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	19.37%	—	—

Volatility

Volatility by Period

	CRSH	JELM	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.40%	—	—
Volatility (6M) Calculated over the trailing 6-month period	26.58%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	36.86%	3.69%	+33.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	47.45%	3.69%	+43.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	47.45%	3.69%	+43.76%

CRSH vs. JELM - Expense Ratio Comparison

CRSH has a 0.99% expense ratio, which is higher than JELM's 0.59% expense ratio.

Dividends

CRSH vs. JELM - Dividend Comparison

CRSH's dividend yield for the trailing twelve months is around 78.07%, more than JELM's 1.21% yield.

Position	TTM	2025	2024
CRSH YieldMax Short TSLA Option Income Strategy ETF	78.07%	138.78%	94.25%
JELM Janus Henderson Equity Linked Moderate Income ETF	1.21%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CRSH and JELM in my portfolio?

CRSH and JELM have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CRSH or JELM?

On fees, JELM is cheaper at 0.59% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CRSH or JELM?

JELM is cheaper with a 0.59% expense ratio, compared with 0.99% for CRSH.

Which ETF pays a higher dividend yield, CRSH or JELM?

CRSH has the higher dividend yield at 78.07%, compared with 1.21% for JELM.

What is the main difference between CRSH and JELM?

They also come from different issuers: YieldMax and Janus Henderson. Their fees differ too: 0.99% for CRSH and 0.59% for JELM.