JHAI vs. XLK
JHAI (Janus Henderson Global Artificial Intelligence ETF) and XLK (State Street Technology Select Sector SPDR ETF) are both exchange-traded funds - JHAI is a Artificial Intelligence fund actively managed by Janus Henderson, while XLK is a Technology Equities fund tracking the S&P Technology Select Sector Daily Capped 35/20 Index. JHAI is actively managed, while XLK is passively managed. Their correlation of 0.93 means they have usually moved in the same direction. JHAI charges 0.59%/yr vs 0.08%/yr for XLK.
Performance
JHAI vs. XLK - Performance Comparison
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Returns By Period
In the year-to-date period, JHAI achieves a 21.62% return, which is significantly lower than XLK's 23.97% return.
JHAI
- 1D
- 2.43%
- 1M
- -2.81%
- 6M
- 19.91%
- YTD
- 21.62%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
XLK
- 1D
- 1.53%
- 1M
- -1.41%
- 6M
- 22.86%
- YTD
- 23.97%
- 1Y
- 39.24%
- 3Y*
- 28.50%
- 5Y*
- 19.12%
- 10Y*
- 23.73%
- ALL TIME*
- 10.26%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $303.45K | $280.41K | $262.10K | |
| $1.65B | $1.63B | $2.23B |
JHAI vs. XLK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
JHAI Janus Henderson Global Artificial Intelligence ETF | 21.62% | 10.90% |
XLK State Street Technology Select Sector SPDR ETF | 23.97% | 10.37% |
Correlation
The correlation between JHAI and XLK is 0.93, meaning they have usually moved in the same direction, including during past declines.
| 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. XLK — Risk / Return Rank
JHAI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
XLK
JHAI vs. XLK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Global Artificial Intelligence ETF (JHAI) and State Street Technology Select Sector SPDR ETF (XLK). 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 | XLK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.26 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.48 | — |
| Martin ratioReturn relative to average drawdown | — | 6.68 | — |
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Drawdowns
JHAI vs. XLK - Drawdown Comparison
The maximum JHAI drawdown since its inception was -19.40%, smaller than the maximum XLK drawdown of -82.05%. Use the drawdown chart below to compare losses from any high point for JHAI and XLK.
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Drawdown Indicators
| JHAI | XLK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.40% | -82.05% | +62.65% |
Max Drawdown (1Y)Largest decline over 1 year | — | -15.92% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -25.66% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -33.56% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.56% | — |
Current DrawdownCurrent decline from peak | -10.37% | -10.07% | -0.30% |
Average DrawdownAverage peak-to-trough decline | -4.25% | -34.80% | +30.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 5.89% | — |
Volatility
JHAI vs. XLK - Volatility Comparison
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Volatility by Period
| JHAI | XLK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 9.37% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 21.74% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 30.38% | 25.56% | +4.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.38% | 25.77% | +4.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.38% | 24.91% | +5.47% |
JHAI vs. XLK - Expense Ratio Comparison
JHAI has a 0.59% expense ratio, which is higher than XLK's 0.08% expense ratio.
Dividends
JHAI vs. XLK - Dividend Comparison
JHAI's dividend yield for the trailing twelve months is around 0.34%, less than XLK's 0.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
XLK State Street Technology Select Sector SPDR ETF | 0.45% | 0.54% | 0.66% | 0.76% | 1.04% | 0.65% | 0.92% | 1.16% | 1.60% | 1.37% | 1.74% | 1.79% |
Frequently Asked Questions
With a correlation of 0.93, JHAI and XLK 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, XLK is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XLK is cheaper with a 0.08% expense ratio, compared with 0.59% for JHAI.
XLK has the higher dividend yield at 0.45%, compared with 0.34% for JHAI.
JHAI is categorized as Artificial Intelligence, while XLK is Technology Equities. They also come from different issuers: Janus Henderson and State Street. Their fees differ too: 0.59% for JHAI and 0.08% for XLK.
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