JELH vs. XYLD

Last updated Aug 5, 2026

JELH (Janus Henderson Equity Linked High Income ETF) and XYLD (Global X S&P 500 Covered Call ETF) are both Derivative Income funds. JELH is actively managed, while XYLD is passively managed. Their 0.03 correlation means their historical movements had little consistent relationship. JELH charges 0.59%/yr vs 0.60%/yr for XYLD.

Performance

JELH vs. XYLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Janus Henderson Equity Linked High Income ETF (JELH) and Global X S&P 500 Covered Call ETF (XYLD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

JELH

• 1D: 0.04%
• 1M: 1.91%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

XYLD

• 1D: 0.24%
• 1M: 2.61%
• 6M: 7.72%
• YTD: 8.89%
• 1Y: 18.65%
• 3Y*: 12.21%
• 5Y*: 7.93%
• 10Y*: 8.30%
• ALL TIME*: 8.43%

*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)
JELH Janus Henderson Equity Linked High Income ETF	$203.20K	$172.33K	$184.25K
XYLD Global X S&P 500 Covered Call ETF	$31.68M	$34.09M	$32.56M

JELH vs. XYLD - Yearly Performance Comparison

	2026 (YTD)
JELH Janus Henderson Equity Linked High Income ETF	3.20%
XYLD Global X S&P 500 Covered Call ETF	7.43%

Correlation

The correlation between JELH and XYLD is 0.03, 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	0.03

Return for Risk

JELH vs. XYLD — Risk / Return Rank

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

JELH

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

XYLD

XYLD Risk / Return Rank: 92
XYLD Sharpe Ratio Rank: 93
XYLD Sortino Ratio Rank: 93
XYLD Omega Ratio Rank: 95
XYLD Calmar Ratio Rank: 85
XYLD Martin Ratio Rank: 93

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.

JELH vs. XYLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Equity Linked High Income ETF (JELH) and Global X S&P 500 Covered Call ETF (XYLD). 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.

	JELH	XYLD	Difference
Sharpe ratio: Return per unit of total volatility	—	2.67	—
Sortino ratio: Return per unit of downside risk	—	3.79	—
Omega ratio: Gain probability vs. loss probability	—	1.60	—
Calmar ratio: Return relative to maximum drawdown	—	3.54	—
Martin ratio: Return relative to average drawdown	—	18.41	—

Drawdowns

JELH vs. XYLD - Drawdown Comparison

The maximum JELH drawdown since its inception was -1.13%, smaller than the maximum XYLD drawdown of -33.46%. Use the drawdown chart below to compare losses from any high point for JELH and XYLD.

Drawdown Indicators

	JELH	XYLD	Difference
Max Drawdown Largest peak-to-trough decline	-1.13%	-33.46%	+32.33%
Max Drawdown (1Y) Largest decline over 1 year	—	-5.29%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-15.53%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-18.66%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.46%	—
Current Drawdown Current decline from peak	-0.33%	0.00%	-0.33%
Average Drawdown Average peak-to-trough decline	-0.31%	-3.67%	+3.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.02%	—

Volatility

Volatility by Period

	JELH	XYLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.93%	—
Volatility (6M) Calculated over the trailing 6-month period	—	5.98%	—
Volatility (1Y) Calculated over the trailing 1-year period	4.77%	7.09%	-2.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.77%	11.27%	-6.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.77%	14.16%	-9.39%

JELH vs. XYLD - Expense Ratio Comparison

JELH has a 0.59% expense ratio, which is lower than XYLD's 0.60% expense ratio.

Dividends

JELH vs. XYLD - Dividend Comparison

JELH's dividend yield for the trailing twelve months is around 2.07%, less than XYLD's 10.45% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JELH Janus Henderson Equity Linked High Income ETF	2.07%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XYLD Global X S&P 500 Covered Call ETF	10.45%	10.51%	11.54%	10.51%	13.43%	9.07%	7.93%	5.76%	7.12%	5.18%	3.23%	4.65%

Frequently Asked Questions

Can I hold both JELH and XYLD in my portfolio?

JELH and XYLD have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, JELH or XYLD?

On fees, JELH 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, JELH or XYLD?

JELH is cheaper with a 0.59% expense ratio, compared with 0.60% for XYLD.

Which ETF pays a higher dividend yield, JELH or XYLD?

XYLD has the higher dividend yield at 10.45%, compared with 2.07% for JELH.

What is the main difference between JELH and XYLD?

They also come from different issuers: Janus Henderson and Global X. Their fees differ too: 0.59% for JELH and 0.60% for XYLD.