JHAI vs. TSXU

Last updated Jun 4, 2026

JHAI (Janus Henderson Global Artificial Intelligence ETF) and TSXU (Direxion Daily Semiconductors Top 5 Bull 2X Shares) are both exchange-traded funds - JHAI is a Technology Equities fund actively managed by Janus Henderson, while TSXU is a Leveraged Equities fund tracking the Solactive Semiconductor Top 5 Index (2x). JHAI is actively managed, while TSXU is passively managed. Their correlation of 0.89 suggests significant overlap in exposure. JHAI charges 0.59%/yr vs 1.05%/yr for TSXU.

Performance

JHAI vs. TSXU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Janus Henderson Global Artificial Intelligence ETF (JHAI) and Direxion Daily Semiconductors Top 5 Bull 2X Shares (TSXU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JHAI achieves a 31.29% return, which is significantly lower than TSXU's 141.91% return.

JHAI

• 1D: -1.50%
• 1M: 14.89%
• YTD: 31.29%
• 6M: 30.57%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TSXU

• 1D: -0.92%
• 1M: 66.50%
• YTD: 141.91%
• 6M: 130.37%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JHAI vs. TSXU - Yearly Performance Comparison

	2026 (YTD)	2025
JHAI Janus Henderson Global Artificial Intelligence ETF	31.29%	-0.04%
TSXU Direxion Daily Semiconductors Top 5 Bull 2X Shares	141.91%	13.59%

Correlation

The correlation between JHAI and TSXU is 0.89, 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 Oct 2, 2025	0.89

Return for Risk

JHAI vs. TSXU - 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 Semiconductors Top 5 Bull 2X Shares (TSXU). 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.

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

Sharpe Ratios by Period

	JHAI	TSXU	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	2.36	4.53	-2.17

Drawdowns

JHAI vs. TSXU - Drawdown Comparison

The maximum JHAI drawdown since its inception was -15.38%, smaller than the maximum TSXU drawdown of -35.62%. Use the drawdown chart below to compare losses from any high point for JHAI and TSXU.

Drawdown Indicators

	JHAI	TSXU	Difference
Max Drawdown Largest peak-to-trough decline	-15.38%	-35.62%	+20.24%
Current Drawdown Current decline from peak	-1.50%	-0.92%	-0.58%
Average Drawdown Average peak-to-trough decline	-3.62%	-10.56%	+6.94%

Volatility

Volatility by Period

	JHAI	TSXU	Difference
Volatility (1Y) Calculated over the trailing 1-year period	25.52%	78.68%	-53.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.52%	78.68%	-53.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.52%	78.68%	-53.16%

JHAI vs. TSXU - Expense Ratio Comparison

JHAI has a 0.59% expense ratio, which is lower than TSXU's 1.05% expense ratio.

Dividends

JHAI vs. TSXU - Dividend Comparison

JHAI's dividend yield for the trailing twelve months is around 0.31%, less than TSXU's 1.20% yield.

Position	TTM	2025
JHAI Janus Henderson Global Artificial Intelligence ETF	0.31%	0.32%
TSXU Direxion Daily Semiconductors Top 5 Bull 2X Shares	1.20%	2.54%

Frequently Asked Questions

Can I hold both JHAI and TSXU in my portfolio?

JHAI and TSXU have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, JHAI or TSXU?

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.

Which ETF is cheaper, JHAI or TSXU?

JHAI is cheaper with a 0.59% expense ratio, compared with 1.05% for TSXU.

Which ETF pays a higher dividend yield, JHAI or TSXU?

TSXU has the higher dividend yield at 1.20%, compared with 0.31% for JHAI.

What is the main difference between JHAI and TSXU?

JHAI is categorized as Technology Equities, while TSXU is Leveraged Equities. They also come from different issuers: Janus Henderson and Direxion. Their fees differ too: 0.59% for JHAI and 1.05% for TSXU.