MUZ vs JHAI

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

MUZ vs JHAI - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	MUZ(ETF)	JHAI(ETF)
Net Assets	$27M	$27M
Expense Ratio	N/A	0.59%
Max Drawdown	59.66%	15.65%
Sharpe Ratio	-0.58	1.03
5Y Beta	-8.37	1.90
P/E Ratio	N/A	41.08
Forward P/E	N/A	24.29
PEG Ratio	N/A	0.24
5Y EPS CAGR	N/A	38.77%
P/S Ratio	N/A	2.49
P/B Ratio	N/A	12.40

Net Assets

MUZ

$27M

JHAI

$27M

Expense Ratio

MUZ

N/A

JHAI

0.59%

Max Drawdown

MUZ

59.66%

Winner

JHAI

15.65%

Sharpe Ratio

MUZ

-0.58

Winner

JHAI

1.03

5Y Beta

Winner

MUZ

-8.37

JHAI

1.90

P/E Ratio

MUZ

N/A

JHAI

41.08

Forward P/E

MUZ

N/A

JHAI

24.29

PEG Ratio

MUZ

N/A

JHAI

0.24

5Y EPS CAGR

MUZ

N/A

JHAI

38.77%

P/S Ratio

MUZ

N/A

JHAI

2.49

P/B Ratio

MUZ

N/A

JHAI

12.40

MUZ vs JHAI - Holdings Comparison

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

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

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

MUZ vs JHAI - Historical Returns

Returns include dividend reinvestment.

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

Winner

MUZ

-3.89%

JHAI

-6.20%

MUZ

N/A

JHAI

+5.06%

MUZ

N/A

JHAI

+16.34%

MUZ

N/A

JHAI

+31.27%

Max(CAGR)

MUZ

-97.68%

Winner

JHAI

+34.18%

MUZ vs JHAI - Annual Returns (2025 - 2026)

Returns include dividend reinvestment.

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

MUZ vs JHAI Drawdown Comparison

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

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

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

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

Correlation

Correlation between MUZ and JHAI 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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