TSLO vs. JANB

Last updated Jun 4, 2026

TSLO (Leverage Shares 2x Capped Accelerated TSLA Monthly ETF) and JANB (Aptus January Buffer ETF) are both Defined Outcome funds. Both are actively managed. A 0.59 correlation means they provide meaningful diversification when combined. TSLO charges 0.77%/yr vs 0.25%/yr for JANB.

Performance

TSLO vs. JANB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2x Capped Accelerated TSLA Monthly ETF (TSLO) and Aptus January Buffer ETF (JANB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TSLO achieves a -5.63% return, which is significantly lower than JANB's 6.08% return.

TSLO

• 1D: -0.08%
• 1M: 5.33%
• YTD: -5.63%
• 6M: -0.02%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

JANB

• 1D: -0.22%
• 1M: 2.38%
• YTD: 6.08%
• 6M: 7.10%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TSLO vs. JANB - Yearly Performance Comparison

	2026 (YTD)	2025
TSLO Leverage Shares 2x Capped Accelerated TSLA Monthly ETF	-5.63%	11.74%
JANB Aptus January Buffer ETF	6.08%	2.69%

Correlation

The correlation between TSLO and JANB is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 15, 2025	0.59

Return for Risk

TSLO vs. JANB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2x Capped Accelerated TSLA Monthly ETF (TSLO) and Aptus January Buffer ETF (JANB). 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

	TSLO	JANB	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	1.97	-1.50

Drawdowns

TSLO vs. JANB - Drawdown Comparison

The maximum TSLO drawdown since its inception was -25.40%, which is greater than JANB's maximum drawdown of -6.52%. Use the drawdown chart below to compare losses from any high point for TSLO and JANB.

Drawdown Indicators

	TSLO	JANB	Difference
Max Drawdown Largest peak-to-trough decline	-25.40%	-6.52%	-18.88%
Current Drawdown Current decline from peak	-8.53%	-0.22%	-8.31%
Average Drawdown Average peak-to-trough decline	-7.88%	-1.14%	-6.74%

Volatility

Volatility by Period

	TSLO	JANB	Difference
Volatility (1Y) Calculated over the trailing 1-year period	38.08%	7.41%	+30.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.08%	7.41%	+30.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.08%	7.41%	+30.67%

TSLO vs. JANB - Expense Ratio Comparison

TSLO has a 0.77% expense ratio, which is higher than JANB's 0.25% expense ratio.

Dividends

TSLO vs. JANB - Dividend Comparison

TSLO's dividend yield for the trailing twelve months is around 20.92%, while JANB has not paid dividends to shareholders.

Position	TTM	2025
JANB Aptus January Buffer ETF	0.00%	0.00%
TSLO Leverage Shares 2x Capped Accelerated TSLA Monthly ETF	20.92%	19.74%

Frequently Asked Questions

Can I hold both TSLO and JANB in my portfolio?

TSLO and JANB have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TSLO or JANB?

On fees, JANB is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TSLO or JANB?

JANB is cheaper with a 0.25% expense ratio, compared with 0.77% for TSLO.

Which ETF pays a higher dividend yield, TSLO or JANB?

TSLO has the higher dividend yield at 20.92%, compared with 0.00% for JANB.

What is the main difference between TSLO and JANB?

They also come from different issuers: Leverage Shares and Aptus Capital Advisors. Their fees differ too: 0.77% for TSLO and 0.25% for JANB.