TSLG vs. JAGTX

Last updated Aug 1, 2026

TSLG (Leverage Shares 2X Long TSLA Daily ETF) and JAGTX (Janus Global Technology and Innovation Fund) are both funds - TSLG is a Leveraged Equities fund actively managed by Leverage Shares, while JAGTX is a Technology Equities fund actively managed by Janus Henderson. Both are actively managed. Over the past year, TSLG returned -25.02% vs 27.30% for JAGTX. Their 0.56 correlation means they have sometimes moved together and sometimes differently. TSLG charges 0.75%/yr vs 0.93%/yr for JAGTX.

Performance

TSLG vs. JAGTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long TSLA Daily ETF (TSLG) and Janus Global Technology and Innovation Fund (JAGTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TSLG achieves a -61.16% return, which is significantly lower than JAGTX's 18.23% return.

TSLG

• 1D: 1.40%
• 1M: -40.66%
• 6M: -56.70%
• YTD: -61.16%
• 1Y: -25.02%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -58.09%

JAGTX

• 1D: 6.75%
• 1M: -6.32%
• 6M: 15.67%
• YTD: 18.23%
• 1Y: 27.30%
• 3Y*: 32.90%
• 5Y*: 16.25%
• 10Y*: 23.21%
• ALL TIME*: 12.67%

*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)
JAGTX Janus Global Technology and Innovation Fund	$0.00	$0.00	$0.00
TSLG Leverage Shares 2X Long TSLA Daily ETF	$155.67M	$179.44M	$248.17M

TSLG vs. JAGTX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
TSLG Leverage Shares 2X Long TSLA Daily ETF	-61.16%	-26.70%	-14.82%
JAGTX Janus Global Technology and Innovation Fund	18.23%	24.86%	-3.29%

Correlation

The correlation between TSLG and JAGTX is 0.56, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.56
Correlation (All Time) Calculated using the full available price history since Dec 13, 2024	0.56

The correlation between TSLG and JAGTX has been stable across timeframes, ranging from 0.56 to 0.56 - a consistent structural relationship.

Return for Risk

TSLG vs. JAGTX — Risk / Return Rank

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

TSLG

TSLG Risk / Return Rank: 8
TSLG Sharpe Ratio Rank: 7
TSLG Sortino Ratio Rank: 11
TSLG Omega Ratio Rank: 11
TSLG Calmar Ratio Rank: 6
TSLG Martin Ratio Rank: 5

JAGTX

JAGTX Risk / Return Rank: 29
JAGTX Sharpe Ratio Rank: 28
JAGTX Sortino Ratio Rank: 28
JAGTX Omega Ratio Rank: 29
JAGTX Calmar Ratio Rank: 31
JAGTX Martin Ratio Rank: 31

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.

TSLG vs. JAGTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long TSLA Daily ETF (TSLG) and Janus Global Technology and Innovation Fund (JAGTX). 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.

	TSLG	JAGTX	Difference
Sharpe ratio: Return per unit of total volatility	-0.30	0.91	-1.21
Sortino ratio: Return per unit of downside risk	0.17	1.34	-1.17
Omega ratio: Gain probability vs. loss probability	1.02	1.17	-0.15
Calmar ratio: Return relative to maximum drawdown	-0.40	1.32	-1.71
Martin ratio: Return relative to average drawdown	-0.88	4.34	-5.22

TSLG vs. JAGTX - Sharpe Ratio Comparison

The current TSLG Sharpe Ratio is -0.30, which is lower than the JAGTX Sharpe Ratio of 0.91. The chart below compares the historical Sharpe Ratios of TSLG and JAGTX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TSLG vs. JAGTX - Drawdown Comparison

The maximum TSLG drawdown since its inception was -82.86%, roughly equal to the maximum JAGTX drawdown of -84.57%. Use the drawdown chart below to compare losses from any high point for TSLG and JAGTX.

Drawdown Indicators

	TSLG	JAGTX	Difference
Max Drawdown Largest peak-to-trough decline	-82.86%	-84.57%	+1.71%
Max Drawdown (1Y) Largest decline over 1 year	-70.10%	-18.54%	-51.56%
Max Drawdown (3Y) Largest decline over 3 years	—	-23.94%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-46.52%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-46.52%	—
Current Drawdown Current decline from peak	-80.38%	-13.05%	-67.33%
Average Drawdown Average peak-to-trough decline	-59.54%	-39.63%	-19.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	31.52%	5.61%	+25.91%

Volatility

TSLG vs. JAGTX - Volatility Comparison

Leverage Shares 2X Long TSLA Daily ETF (TSLG) has a higher volatility of 43.40% compared to Janus Global Technology and Innovation Fund (JAGTX) at 12.44%. This indicates that TSLG's price experiences larger fluctuations and is considered to be riskier than JAGTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TSLG	JAGTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	43.40%	12.44%	+30.96%
Volatility (6M) Calculated over the trailing 6-month period	70.84%	23.70%	+47.14%
Volatility (1Y) Calculated over the trailing 1-year period	92.73%	26.96%	+65.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	116.54%	27.88%	+88.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	116.54%	25.30%	+91.24%

TSLG vs. JAGTX - Expense Ratio Comparison

TSLG has a 0.75% expense ratio, which is lower than JAGTX's 0.93% expense ratio.

Dividends

TSLG vs. JAGTX - Dividend Comparison

TSLG's dividend yield for the trailing twelve months is around 16.86%, more than JAGTX's 11.58% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JAGTX Janus Global Technology and Innovation Fund	11.58%	13.69%	23.66%	0.78%	0.00%	16.05%	9.00%	8.62%	6.56%	7.50%	4.85%	8.12%
TSLG Leverage Shares 2X Long TSLA Daily ETF	16.86%	6.55%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TSLG and JAGTX in my portfolio?

TSLG and JAGTX have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TSLG or JAGTX?

TSLG has higher volatility (43.40%) compared to JAGTX (12.44%). In terms of maximum drawdown, TSLG dropped -82.86% vs JAGTX's -84.57%.

Which has better risk-adjusted returns?

JAGTX currently has the higher Sharpe Ratio (0.91 vs -0.30), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.