LQTI vs. JELM
LQTI (FT Vest Investment Grade & Target Income ETF) and JELM (Janus Henderson Equity Linked Moderate Income ETF) are both Derivative Income funds. Both are actively managed. Their -0.06 correlation means they have often moved in opposite directions in the past. LQTI charges 0.65%/yr vs 0.59%/yr for JELM.
Performance
LQTI vs. JELM - Performance Comparison
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Returns By Period
LQTI
- 1D
- 0.80%
- 1M
- -1.29%
- 6M
- -0.79%
- YTD
- -0.64%
- 1Y
- 2.09%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.98%
JELM
- 1D
- 0.20%
- 1M
- 1.29%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $199.95K | $786.17K | $963.17K | |
| $2.10M | $2.20M | $1.68M |
LQTI vs. JELM - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
LQTI FT Vest Investment Grade & Target Income ETF | -1.11% |
JELM Janus Henderson Equity Linked Moderate Income ETF | 2.35% |
Correlation
The correlation between LQTI and JELM is -0.06, 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 | -0.06 |
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Return for Risk
LQTI vs. JELM — Risk / Return Rank
LQTI
JELM
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
LQTI vs. JELM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FT Vest Investment Grade & Target Income ETF (LQTI) 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.
| LQTI | JELM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.07 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.62 | — | — |
| Martin ratioReturn relative to average drawdown | 1.54 | — | — |
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Drawdowns
LQTI vs. JELM - Drawdown Comparison
The maximum LQTI drawdown since its inception was -3.41%, which is greater than JELM's maximum drawdown of -0.69%. Use the drawdown chart below to compare losses from any high point for LQTI and JELM.
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Drawdown Indicators
| LQTI | JELM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.41% | -0.69% | -2.72% |
Max Drawdown (1Y)Largest decline over 1 year | -3.41% | — | — |
Current DrawdownCurrent decline from peak | -2.23% | -0.25% | -1.98% |
Average DrawdownAverage peak-to-trough decline | -0.99% | -0.21% | -0.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.36% | — | — |
Volatility
LQTI vs. JELM - Volatility Comparison
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Volatility by Period
| LQTI | JELM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.67% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 4.20% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 5.19% | 3.69% | +1.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.92% | 3.69% | +2.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.92% | 3.69% | +2.23% |
LQTI vs. JELM - Expense Ratio Comparison
LQTI has a 0.65% expense ratio, which is higher than JELM's 0.59% expense ratio.
Dividends
LQTI vs. JELM - Dividend Comparison
LQTI's dividend yield for the trailing twelve months is around 9.27%, more than JELM's 1.21% yield.
| Position | TTM | 2025 |
|---|---|---|
JELM Janus Henderson Equity Linked Moderate Income ETF | 1.21% | 0.00% |
LQTI FT Vest Investment Grade & Target Income ETF | 9.27% | 7.01% |
Frequently Asked Questions
LQTI and JELM have a correlation of -0.06, 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 0.65% for LQTI.
LQTI has the higher dividend yield at 9.27%, compared with 1.21% for JELM.
They also come from different issuers: FT Vest and Janus Henderson. Their fees differ too: 0.65% for LQTI and 0.59% for JELM.
Find the right allocation for LQTI and JELM
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