NOVZ vs JHAI

Comparison between TrueShares Structured Outcome (November) ETF (NOVZ, ETF) and JANUS HENDERSON GLOBAL ARTIFICIAL INTELLIGENCE ETF (JHAI, ETF).

NOVZ vs JHAI - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	NOVZ(ETF)	JHAI(ETF)
Net Assets	$21M	$21M
Expense Ratio	0.79%	0.59%
Max Drawdown	16.96%	15.65%
Sharpe Ratio	1.46	1.40
5Y Beta	0.74	1.82
P/E Ratio	N/A	45.61
Forward P/E	N/A	29.95
PEG Ratio	N/A	0.42
5Y EPS CAGR	N/A	38.53%
P/S Ratio	N/A	2.66
P/B Ratio	N/A	12.68

Net Assets

NOVZ

$21M

JHAI

$21M

Expense Ratio

NOVZ

0.79%

Winner

JHAI

0.59%

Max Drawdown

NOVZ

16.96%

Winner

JHAI

15.65%

Sharpe Ratio

Winner

NOVZ

1.46

JHAI

1.40

5Y Beta

Winner

NOVZ

0.74

JHAI

1.82

P/E Ratio

NOVZ

N/A

JHAI

45.61

Forward P/E

NOVZ

N/A

JHAI

29.95

PEG Ratio

NOVZ

N/A

JHAI

0.42

5Y EPS CAGR

NOVZ

N/A

JHAI

38.53%

P/S Ratio

NOVZ

N/A

JHAI

2.66

P/B Ratio

NOVZ

N/A

JHAI

12.68

NOVZ vs JHAI - Holdings Comparison

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

NOVZ's top 25 holdings weight is 0.10%. JHAI's top 25 holdings weight is 86.75%.

Rank	NOVZ	JHAI
#1	STATE STREET INSTL US GOVT MMKT ADMIN (SALXX) - 0.10%	TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD ADR (TSM) - 15.07%
#2	N/A	NVIDIA CORP (NVDA) - 13.04%
#3	N/A	BROADCOM INC (AVGO) - 5.80%
#4	N/A	MICRON TECHNOLOGY INC (MU) - 5.67%
#5	N/A	AMAZON.COM INC (AMZN) - 5.00%
#6	N/A	LAM RESEARCH CORP (LRCX) - 4.48%
#7	N/A	ALPHABET INC CLASS C (GOOG) - 4.21%
#8	N/A	NEBIUS GROUP NV SHS CLASS-A- (NBIS) - 3.17%
#9	N/A	MICROSOFT CORP (MSFT) - 3.09%
#10	N/A	KLA CORP (KLAC) - 3.06%
#11	N/A	ASML HOLDING NV ADR (ASML) - 2.52%
#12	N/A	LUMENTUM HOLDINGS INC (LITE) - 2.08%
#13	N/A	SOFTBANK GROUP CORP ADR (SFTBY) - 1.78%
#14	N/A	VERTIV HOLDINGS CO CLASS A (VRT) - 1.71%
#15	N/A	PROGRESSIVE CORP (PGR) - 1.70%
#16	N/A	DATADOG INC CLASS A (DDOG) - 1.67%
#17	N/A	DEERE & CO (DE) - 1.63%
#18	N/A	GE VERNOVA INC (GEV) - 1.59%
#19	N/A	ADVANCED MICRO DEVICES INC (AMD) - 1.59%
#20	N/A	AMPHENOL CORP CLASS A (APH) - 1.46%
#21	N/A	SNOWFLAKE INC ORDINARY SHARES (SNOW) - 1.40%
#22	N/A	SEAGATE TECHNOLOGY HOLDINGS PLC (STX) - 1.34%
#23	N/A	ARISTA NETWORKS INC (ANET) - 1.26%
#24	N/A	PALANTIR TECHNOLOGIES INC ORDINARY SHARES CLASS A (PLTR) - 1.24%
#25	N/A	STMICROELECTRONICS NV ADR (STM) - 1.19%
Total Holdings	1	51

NOVZ vs JHAI - Historical Returns

Returns include dividend reinvestment.

Period	NOVZ	JHAI
1 month	+1.72%	+5.77%
3 months	+6.48%	+22.41%
6 months	+6.08%	+20.45%
1 year	+19.20%	N/A
5 years(CAGR)	+10.99%	N/A
Max(CAGR)	+13.69%	+44.87%

NOVZ

+1.72%

Winner

JHAI

+5.77%

NOVZ

+6.48%

Winner

JHAI

+22.41%

NOVZ

+6.08%

Winner

JHAI

+20.45%

NOVZ

+19.20%

JHAI

N/A

5Y(CAGR)

NOVZ

+10.99%

JHAI

N/A

Max(CAGR)

NOVZ

+13.69%

Winner

JHAI

+44.87%

NOVZ vs JHAI - Annual Returns (2020 - 2026)

Returns include dividend reinvestment.

Year	NOVZ	JHAI
2026	+6.42%	+20.36%
2025	+13.16%	+9.99%
2024	+19.69%	N/A
2023	+18.35%	N/A
2022	-9.93%	N/A
2021	+22.93%	N/A
2020	+10.30%	N/A

NOVZ vs JHAI Drawdown Comparison

The maximum drawdown for NOVZ was -16.62%, occurring on Oct 12, 2022. Recovery took 367 trading sessions.

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

The current NOVZ drawdown is -2.20%. The current JHAI drawdown is -8.54%.

Rank	NOVZ	JHAI
#1	-16.62% Dec 29, 2021 - Jun 15, 2023	-15.39% Oct 29, 2025 - Apr 14, 2026
#2	-14.63% Feb 19, 2025 - Jun 27, 2025	-8.54% Jun 2, 2026 - Jun 5, 2026
#3	-8.30% Jul 31, 2023 - Dec 8, 2023	-5.49% May 14, 2026 - May 26, 2026
#4	-7.19% Jul 16, 2024 - Sep 19, 2024	-4.12% Oct 9, 2025 - Oct 24, 2025
#5	-6.72% Jan 12, 2026 - Apr 15, 2026	-3.29% Aug 28, 2025 - Sep 8, 2025
#6	-4.53% Sep 3, 2021 - Oct 20, 2021	-2.70% Apr 27, 2026 - May 4, 2026
#7	-4.50% Mar 28, 2024 - May 15, 2024	-2.16% Sep 22, 2025 - Oct 2, 2025
#8	-3.90% Oct 29, 2025 - Dec 23, 2025	-1.41% Oct 6, 2025 - Oct 8, 2025
#9	-3.57% Feb 12, 2021 - Mar 11, 2021	-1.29% May 11, 2026 - May 13, 2026
#10	-3.50% Dec 6, 2024 - Jan 23, 2025	-1.12% Apr 22, 2026 - Apr 24, 2026
#11	-3.46% May 7, 2021 - Jun 11, 2021	-1.03% May 6, 2026 - May 8, 2026
#12	-3.14% Nov 18, 2021 - Dec 23, 2021	-0.61% Sep 15, 2025 - Sep 18, 2025
#13	-2.89% Jan 21, 2021 - Feb 4, 2021	-0.60% Apr 17, 2026 - Apr 22, 2026
#14	-2.51% Jul 12, 2021 - Jul 23, 2021	-0.38% Aug 20, 2025 - Aug 22, 2025
#15	-2.47% Oct 14, 2024 - Nov 6, 2024	-0.32% May 26, 2026 - May 28, 2026