GMEY vs. JELM
GMEY (YieldMax GME 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. GMEY charges 0.99%/yr vs 0.59%/yr for JELM.
Performance
GMEY vs. JELM - Performance Comparison
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Returns By Period
GMEY
- 1D
- -0.56%
- 1M
- -13.24%
- 6M
- -19.18%
- YTD
- -8.59%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
JELM
- 1D
- -0.10%
- 1M
- 1.05%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $32.88K | $35.63K | $44.01K | |
| $214.60K | $418.55K | $965.66K |
GMEY vs. JELM - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
GMEY YieldMax GME Option Income Strategy ETF | -14.91% |
JELM Janus Henderson Equity Linked Moderate Income ETF | 2.24% |
Correlation
The correlation between GMEY 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 |
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Return for Risk
GMEY vs. JELM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax GME Option Income Strategy ETF (GMEY) 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Drawdowns
GMEY vs. JELM - Drawdown Comparison
The maximum GMEY drawdown since its inception was -31.17%, which is greater than JELM's maximum drawdown of -0.69%. Use the drawdown chart below to compare losses from any high point for GMEY and JELM.
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Drawdown Indicators
| GMEY | JELM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.17% | -0.69% | -30.48% |
Current DrawdownCurrent decline from peak | -31.02% | -0.35% | -30.67% |
Average DrawdownAverage peak-to-trough decline | -17.65% | -0.21% | -17.44% |
Volatility
GMEY vs. JELM - Volatility Comparison
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Volatility by Period
| GMEY | JELM | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 29.60% | 3.67% | +25.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.60% | 3.67% | +25.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.60% | 3.67% | +25.93% |
GMEY vs. JELM - Expense Ratio Comparison
GMEY has a 0.99% expense ratio, which is higher than JELM's 0.59% expense ratio.
Dividends
GMEY vs. JELM - Dividend Comparison
GMEY's dividend yield for the trailing twelve months is around 70.28%, more than JELM's 1.21% yield.
| Position | TTM | 2025 |
|---|---|---|
GMEY YieldMax GME Option Income Strategy ETF | 70.28% | 21.84% |
JELM Janus Henderson Equity Linked Moderate Income ETF | 1.21% | 0.00% |
Frequently Asked Questions
GMEY 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.
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.
JELM is cheaper with a 0.59% expense ratio, compared with 0.99% for GMEY.
GMEY has the higher dividend yield at 70.28%, compared with 1.21% for JELM.
They also come from different issuers: YieldMax and Janus Henderson. Their fees differ too: 0.99% for GMEY and 0.59% for JELM.
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