DEFI vs JELM

Comparison between Hashdex Bitcoin Futures ETF (DEFI, ETF) and JANUS HENDERSON EQUITY LINKED MODERATE INCOME ETF (JELM, ETF).

DEFI vs JELM - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	DEFI(ETF)	JELM(ETF)
Net Assets	$10M	$11M
Expense Ratio	0.25%	0.59%
Max Drawdown	51.95%	0.69%
Sharpe Ratio	-1.12	0.98
5Y Beta	1.26	0.05

Net Assets

DEFI

$10M

Winner

JELM

$11M

Expense Ratio

Winner

DEFI

0.25%

JELM

0.59%

Max Drawdown

DEFI

51.95%

Winner

JELM

0.69%

Sharpe Ratio

DEFI

-1.12

Winner

JELM

0.98

5Y Beta

DEFI

1.26

Winner

JELM

0.05

DEFI vs JELM - Historical Returns

Returns include dividend reinvestment.

Period	DEFI	JELM
1 month	-26.07%	+0.66%
3 months	-15.59%	N/A
6 months	-32.37%	N/A
1 year	-41.25%	N/A
Max(CAGR)	-5.92%	+7.23%

DEFI

-26.07%

Winner

JELM

+0.66%

DEFI

-15.59%

JELM

N/A

DEFI

-32.37%

JELM

N/A

DEFI

-41.25%

JELM

N/A

Max(CAGR)

DEFI

-5.92%

Winner

JELM

+7.23%

DEFI vs JELM - Annual Returns (2024 - 2026)

Returns include dividend reinvestment.

Year	DEFI	JELM
2026	-33.04%	+0.84%
2025	-10.57%	N/A
2024	+36.09%	N/A

DEFI vs JELM Drawdown Comparison

The maximum drawdown for DEFI was -51.95%, occurring on Jun 5, 2026. This drawdown has not yet recovered.

The maximum drawdown for JELM was -0.69%, occurring on Apr 27, 2026. Recovery took 6 trading sessions.

The current DEFI drawdown is -51.95%. The current JELM drawdown is -0.26%.

Rank	DEFI	JELM
#1	-51.95% Oct 6, 2025 - Jun 5, 2026	-0.69% Apr 23, 2026 - May 1, 2026
#2	-28.47% Dec 17, 2024 - May 21, 2025	-0.45% May 29, 2026 - Jun 2, 2026
#3	-26.06% Apr 8, 2024 - Oct 29, 2024	-0.20% May 6, 2026 - May 12, 2026
#4	-12.02% Aug 13, 2025 - Oct 6, 2025	-0.14% May 19, 2026 - May 26, 2026
#5	-8.24% Nov 22, 2024 - Dec 6, 2024	-0.10% May 1, 2026 - May 6, 2026
#6	-7.49% May 22, 2025 - Jul 9, 2025	-0.09% May 12, 2026 - May 14, 2026
#7	-7.49% Oct 29, 2024 - Nov 6, 2024	-0.06% May 14, 2026 - May 18, 2026
#8	-7.21% Mar 28, 2024 - Apr 8, 2024	-0.02% May 27, 2026 - May 29, 2026
#9	-5.81% Jul 14, 2025 - Aug 13, 2025	N/A
#10	-4.87% Dec 6, 2024 - Dec 13, 2024	N/A
#11	-2.35% Nov 13, 2024 - Nov 15, 2024	N/A

Correlation

Correlation between DEFI and JELM is -0.40 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.

-0.40

-101