JHAI vs. TECL
JHAI (Janus Henderson Global Artificial Intelligence ETF) and TECL (Direxion Daily Technology Bull 3X Shares) are both exchange-traded funds - JHAI is a Technology Equities fund actively managed by Janus Henderson, while TECL is a Leveraged Equities fund tracking the Technology Select Sector Index (300%). JHAI is actively managed, while TECL is passively managed. Their correlation of 0.93 suggests significant overlap in exposure. JHAI charges 0.59%/yr vs 0.91%/yr for TECL.
Performance
JHAI vs. TECL - Performance Comparison
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Returns By Period
In the year-to-date period, JHAI achieves a 20.81% return, which is significantly lower than TECL's 56.36% return.
JHAI
- 1D
- -3.34%
- 1M
- -6.43%
- 6M
- 16.42%
- YTD
- 20.81%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TECL
- 1D
- -6.99%
- 1M
- -16.54%
- 6M
- 52.63%
- YTD
- 56.36%
- 1Y
- 97.13%
- 3Y*
- 50.48%
- 5Y*
- 27.73%
- 10Y*
- 47.50%
JHAI vs. TECL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
JHAI Janus Henderson Global Artificial Intelligence ETF | 20.81% | 10.90% |
TECL Direxion Daily Technology Bull 3X Shares | 56.36% | 23.84% |
Correlation
The correlation between JHAI and TECL is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 20, 2025 | 0.93 |
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Return for Risk
JHAI vs. TECL — Risk / Return Rank
JHAI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
TECL
JHAI vs. TECL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Global Artificial Intelligence ETF (JHAI) and Direxion Daily Technology Bull 3X Shares (TECL). 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.
| JHAI | TECL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.24 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.10 | — |
| Martin ratioReturn relative to average drawdown | — | 5.40 | — |
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Drawdowns
JHAI vs. TECL - Drawdown Comparison
The maximum JHAI drawdown since its inception was -15.38%, smaller than the maximum TECL drawdown of -77.96%. Use the drawdown chart below to compare losses from any high point for JHAI and TECL.
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Drawdown Indicators
| JHAI | TECL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.38% | -77.96% | +62.58% |
Max Drawdown (1Y)Largest decline over 1 year | — | -46.58% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -66.58% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -77.96% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -77.96% | — |
Current DrawdownCurrent decline from peak | -10.96% | -32.85% | +21.89% |
Average DrawdownAverage peak-to-trough decline | -3.83% | -18.40% | +14.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 18.05% | — |
Volatility
JHAI vs. TECL - Volatility Comparison
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Volatility by Period
| JHAI | TECL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 29.65% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 63.10% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 29.00% | 73.23% | -44.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.00% | 76.11% | -47.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.00% | 73.26% | -44.26% |
JHAI vs. TECL - Expense Ratio Comparison
JHAI has a 0.59% expense ratio, which is lower than TECL's 0.91% expense ratio.
Dividends
JHAI vs. TECL - Dividend Comparison
JHAI's dividend yield for the trailing twelve months is around 0.34%, less than TECL's 4.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
JHAI Janus Henderson Global Artificial Intelligence ETF | 0.34% | 0.32% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TECL Direxion Daily Technology Bull 3X Shares | 4.55% | 7.19% | 0.29% | 0.28% | 0.22% | 0.32% | 0.52% | 0.25% | 0.47% | 0.10% |
Frequently Asked Questions
With a correlation of 0.93, JHAI and TECL move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, JHAI is cheaper at 0.59% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JHAI is cheaper with a 0.59% expense ratio, compared with 0.91% for TECL.
TECL has the higher dividend yield at 4.55%, compared with 0.34% for JHAI.
JHAI is categorized as Technology Equities, while TECL is Leveraged Equities. They also come from different issuers: Janus Henderson and Direxion. Their fees differ too: 0.59% for JHAI and 0.91% for TECL.
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