JHAI vs NOVZ
Comparison between JANUS HENDERSON GLOBAL ARTIFICIAL INTELLIGENCE ETF (JHAI, ETF) and TrueShares Structured Outcome (November) ETF (NOVZ, ETF).
JHAI vs NOVZ - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
JHAI vs NOVZ - Holdings Comparison
JHAI and NOVZ have 0 common holdings. Overlap is 0.00%
JHAI's top 25 holdings weight is 86.75%. NOVZ's top 25 holdings weight is 0.10%.
| Rank | JHAI | NOVZ |
|---|---|---|
| #1 | TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD ADR (TSM) - 15.07% | STATE STREET INSTL US GOVT MMKT ADMIN (SALXX) - 0.10% |
| #2 | NVIDIA CORP (NVDA) - 13.04% | N/A |
| #3 | BROADCOM INC (AVGO) - 5.80% | N/A |
| #4 | MICRON TECHNOLOGY INC (MU) - 5.67% | N/A |
| #5 | AMAZON.COM INC (AMZN) - 5.00% | N/A |
| #6 | LAM RESEARCH CORP (LRCX) - 4.48% | N/A |
| #7 | ALPHABET INC CLASS C (GOOG) - 4.21% | N/A |
| #8 | NEBIUS GROUP NV SHS CLASS-A- (NBIS) - 3.17% | N/A |
| #9 | MICROSOFT CORP (MSFT) - 3.09% | N/A |
| #10 | KLA CORP (KLAC) - 3.06% | N/A |
| #11 | ASML HOLDING NV ADR (ASML) - 2.52% | N/A |
| #12 | LUMENTUM HOLDINGS INC (LITE) - 2.08% | N/A |
| #13 | SOFTBANK GROUP CORP ADR (SFTBY) - 1.78% | N/A |
| #14 | VERTIV HOLDINGS CO CLASS A (VRT) - 1.71% | N/A |
| #15 | PROGRESSIVE CORP (PGR) - 1.70% | N/A |
| #16 | DATADOG INC CLASS A (DDOG) - 1.67% | N/A |
| #17 | DEERE & CO (DE) - 1.63% | N/A |
| #18 | GE VERNOVA INC (GEV) - 1.59% | N/A |
| #19 | ADVANCED MICRO DEVICES INC (AMD) - 1.59% | N/A |
| #20 | AMPHENOL CORP CLASS A (APH) - 1.46% | N/A |
| #21 | SNOWFLAKE INC ORDINARY SHARES (SNOW) - 1.40% | N/A |
| #22 | SEAGATE TECHNOLOGY HOLDINGS PLC (STX) - 1.34% | N/A |
| #23 | ARISTA NETWORKS INC (ANET) - 1.26% | N/A |
| #24 | PALANTIR TECHNOLOGIES INC ORDINARY SHARES CLASS A (PLTR) - 1.24% | N/A |
| #25 | STMICROELECTRONICS NV ADR (STM) - 1.19% | N/A |
| Total Holdings | 51 | 1 |
JHAI vs NOVZ - Historical Returns
Returns include dividend reinvestment.
JHAI vs NOVZ - Annual Returns (2020 - 2026)
Returns include dividend reinvestment.
| Year | JHAI | NOVZ |
|---|---|---|
| 2026 | +20.36% | +6.42% |
| 2025 | +9.99% | +13.16% |
| 2024 | N/A | +19.69% |
| 2023 | N/A | +18.35% |
| 2022 | N/A | -9.93% |
| 2021 | N/A | +22.93% |
| 2020 | N/A | +10.30% |
JHAI vs NOVZ Drawdown Comparison
The maximum drawdown for JHAI was -15.39%, occurring on Mar 30, 2026. Recovery took 113 trading sessions.
The maximum drawdown for NOVZ was -16.62%, occurring on Oct 12, 2022. Recovery took 367 trading sessions.
The current JHAI drawdown is -8.54%. The current NOVZ drawdown is -2.20%.
| Rank | JHAI | NOVZ |
|---|---|---|
| #1 | -15.39% Oct 29, 2025 - Apr 14, 2026 | -16.62% Dec 29, 2021 - Jun 15, 2023 |
| #2 | -8.54% Jun 2, 2026 - Jun 5, 2026 | -14.63% Feb 19, 2025 - Jun 27, 2025 |
| #3 | -5.49% May 14, 2026 - May 26, 2026 | -8.30% Jul 31, 2023 - Dec 8, 2023 |
| #4 | -4.12% Oct 9, 2025 - Oct 24, 2025 | -7.19% Jul 16, 2024 - Sep 19, 2024 |
| #5 | -3.29% Aug 28, 2025 - Sep 8, 2025 | -6.72% Jan 12, 2026 - Apr 15, 2026 |
| #6 | -2.70% Apr 27, 2026 - May 4, 2026 | -4.53% Sep 3, 2021 - Oct 20, 2021 |
| #7 | -2.16% Sep 22, 2025 - Oct 2, 2025 | -4.50% Mar 28, 2024 - May 15, 2024 |
| #8 | -1.41% Oct 6, 2025 - Oct 8, 2025 | -3.90% Oct 29, 2025 - Dec 23, 2025 |
| #9 | -1.29% May 11, 2026 - May 13, 2026 | -3.57% Feb 12, 2021 - Mar 11, 2021 |
| #10 | -1.12% Apr 22, 2026 - Apr 24, 2026 | -3.50% Dec 6, 2024 - Jan 23, 2025 |
| #11 | -1.03% May 6, 2026 - May 8, 2026 | -3.46% May 7, 2021 - Jun 11, 2021 |
| #12 | -0.61% Sep 15, 2025 - Sep 18, 2025 | -3.14% Nov 18, 2021 - Dec 23, 2021 |
| #13 | -0.60% Apr 17, 2026 - Apr 22, 2026 | -2.89% Jan 21, 2021 - Feb 4, 2021 |
| #14 | -0.38% Aug 20, 2025 - Aug 22, 2025 | -2.51% Jul 12, 2021 - Jul 23, 2021 |
| #15 | -0.32% May 26, 2026 - May 28, 2026 | -2.47% Oct 14, 2024 - Nov 6, 2024 |
Correlation
Correlation between JHAI and NOVZ is 0.97 which considered as a very strong positive correlation - the stocks move almost identically together.
Dividend Comparison (2021 - 2026)
JHAI vs NOVZ dividend yield comparison.
| Year | JHAI | NOVZ |
|---|---|---|
| 2026 | 0.07% | 0.00% |
| 2025 | 0.32% | 3.58% |
| 2024 | 0.00% | 2.94% |
| 2023 | 0.00% | 2.27% |
| 2022 | 0.00% | 0.25% |
| 2021 | 0.00% | 0.52% |
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