JHAI vs MUZ

Comparison between JANUS HENDERSON GLOBAL ARTIFICIAL INTELLIGENCE ETF (JHAI, ETF) and Defiance Daily Target 2X Short MU ETF (MUZ, ETF).

JHAI vs MUZ - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	JHAI(ETF)	MUZ(ETF)
Net Assets	$27M	$27M
Expense Ratio	0.59%	N/A
Max Drawdown	15.65%	59.66%
Sharpe Ratio	1.15	-1.11
5Y Beta	1.90	-8.42
P/E Ratio	41.08	N/A
Forward P/E	24.29	N/A
PEG Ratio	0.24	N/A
5Y EPS CAGR	38.77%	N/A
P/S Ratio	2.49	N/A
P/B Ratio	12.40	N/A

Net Assets

JHAI

$27M

MUZ

$27M

Expense Ratio

JHAI

0.59%

MUZ

N/A

Max Drawdown

Winner

JHAI

15.65%

MUZ

59.66%

Sharpe Ratio

Winner

JHAI

1.15

MUZ

-1.11

5Y Beta

JHAI

1.90

Winner

MUZ

-8.42

P/E Ratio

JHAI

41.08

MUZ

N/A

Forward P/E

JHAI

24.29

MUZ

N/A

PEG Ratio

JHAI

0.24

MUZ

N/A

5Y EPS CAGR

JHAI

38.77%

MUZ

N/A

P/S Ratio

JHAI

2.49

MUZ

N/A

P/B Ratio

JHAI

12.40

MUZ

N/A

JHAI vs MUZ - Holdings Comparison

JHAI and MUZ have 0 common holdings. Overlap is 0.00%

JHAI's top 25 holdings weight is 87.02%. MUZ's top 25 holdings weight is 0.71%.

Rank	JHAI	MUZ
#1	TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD ADR (TSM) - 15.20%	FIRST AMERICAN GOVERNMENT OBLIGS X (FGXXX) - 0.71%
#2	NVIDIA CORP (NVDA) - 12.28%	N/A
#3	MICRON TECHNOLOGY INC (MU) - 6.23%	N/A
#4	BROADCOM INC (AVGO) - 5.23%	N/A
#5	LAM RESEARCH CORP (LRCX) - 4.97%	N/A
#6	ALPHABET INC CLASS C (GOOG) - 3.86%	N/A
#7	AMAZON.COM INC (AMZN) - 3.66%	N/A
#8	KLA CORP (KLAC) - 3.63%	N/A
#9	NEBIUS GROUP NV SHS CLASS-A- (NBIS) - 3.35%	N/A
#10	ASML HOLDING NV ADR (ASML) - 2.90%	N/A
#11	MICROSOFT CORP (MSFT) - 2.86%	N/A
#12	ADVANCED MICRO DEVICES INC (AMD) - 2.39%	N/A
#13	LUMENTUM HOLDINGS INC (LITE) - 2.26%	N/A
#14	SNOWFLAKE INC ORDINARY SHARES (SNOW) - 1.87%	N/A
#15	DEERE & CO (DE) - 1.73%	N/A
#16	PROGRESSIVE CORP (PGR) - 1.71%	N/A
#17	AMPHENOL CORP CLASS A (APH) - 1.57%	N/A
#18	VERTIV HOLDINGS CO CLASS A (VRT) - 1.56%	N/A
#19	SOFTBANK GROUP CORP ADR (SFTBY) - 1.55%	N/A
#20	SEAGATE TECHNOLOGY HOLDINGS PLC (STX) - 1.55%	N/A
#21	APPLIED MATERIALS INC (AMAT) - 1.51%	N/A
#22	GE VERNOVA INC (GEV) - 1.33%	N/A
#23	STMICROELECTRONICS NV ADR (STM) - 1.30%	N/A
#24	DATADOG INC CLASS A (DDOG) - 1.29%	N/A
#25	ARISTA NETWORKS INC (ANET) - 1.23%	N/A
Total Holdings	53	1

JHAI vs MUZ - Historical Returns

Returns include dividend reinvestment.

Period	JHAI	MUZ
1 month	-6.20%	-3.89%
3 months	+5.06%	N/A
6 months	+16.34%	N/A
1 year	+31.27%	N/A
Max(CAGR)	+34.18%	-97.68%

JHAI

-6.20%

Winner

MUZ

-3.89%

JHAI

+5.06%

MUZ

N/A

JHAI

+16.34%

MUZ

N/A

JHAI

+31.27%

MUZ

N/A

Max(CAGR)

Winner

JHAI

+34.18%

MUZ

-97.68%

JHAI vs MUZ - Annual Returns (2025 - 2026)

Returns include dividend reinvestment.

Year	JHAI	MUZ
2026	+17.83%	-37.12%
2025	+9.99%	N/A

JHAI vs MUZ Drawdown Comparison

The maximum drawdown for JHAI was -15.39%, occurring on Mar 30, 2026. Recovery took 113 trading sessions.

The maximum drawdown for MUZ was -59.66%, occurring on Jun 25, 2026. This drawdown has not yet recovered.

The current JHAI drawdown is -12.04%. The current MUZ drawdown is -41.89%.

Rank	JHAI	MUZ
#1	-15.39% Oct 29, 2025 - Apr 14, 2026	-59.66% Jun 10, 2026 - Jun 25, 2026
#2	-12.16% Jun 30, 2026 - Jul 17, 2026	N/A
#3	-9.77% Jun 2, 2026 - Jun 18, 2026	N/A
#4	-5.78% Jun 22, 2026 - Jun 30, 2026	N/A
#5	-5.49% May 14, 2026 - May 26, 2026	N/A
#6	-4.12% Oct 9, 2025 - Oct 24, 2025	N/A
#7	-3.29% Aug 28, 2025 - Sep 8, 2025	N/A
#8	-2.70% Apr 27, 2026 - May 4, 2026	N/A
#9	-2.16% Sep 22, 2025 - Oct 2, 2025	N/A
#10	-1.41% Oct 6, 2025 - Oct 8, 2025	N/A
#11	-1.29% May 11, 2026 - May 13, 2026	N/A
#12	-1.12% Apr 22, 2026 - Apr 24, 2026	N/A
#13	-1.03% May 6, 2026 - May 8, 2026	N/A
#14	-0.61% Sep 15, 2025 - Sep 18, 2025	N/A
#15	-0.60% Apr 17, 2026 - Apr 22, 2026	N/A

Correlation

Correlation between JHAI and MUZ is -1.00 which considered as a very strong negative correlation - the stocks move almost identically in opposite directions.

-1.00

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