JELM vs SPXL
Janus Henderson Equity Linked Moderate Income ETF vs Direxion Daily S&P 500 Bull 3X ETF
Which is better, JELM or SPXL?
JELM costs less.
JELM has a lower expense ratio.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | JELM | SPXL |
|---|---|---|
| Expense Ratio | 0.59%Best | 0.87% |
| AUM | $64M | $7.4B |
| Dividend Yield | 2.54% | 0.52% |
| Holdings | 39 | 1,030 |
| YTD Return | +1.72% | +30.47%Best |
| 1Y Return | - | +39.94% |
| 3Y Return (annualized) | - | +52.99% |
| 5Y Return (annualized) | - | +20.66% |
| Fund Family | Janus Henderson Investors | Direxion Shares ETF Trust |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Apr 21, 2026 | Nov 5, 2008 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window, Top 10 Weight.
JELM vs SPXL growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
JELM vs SPXL Performance
Janus Henderson Equity Linked Moderate Income ETF (JELM) is an ETF from Janus Henderson Investors and Direxion Daily S&P 500 Bull 3X ETF (SPXL) is an ETF from Direxion Shares ETF Trust. Year to date, JELM is up 1.72% versus a gain of 30.47% for SPXL.
Past performance does not guarantee future results.
Fees and Cost Over Time
JELM charges 0.59% per year while SPXL charges 0.87%. On a $10,000 position that is $59 vs $87 annually, a gap of $28 per year that compounds over a long holding period. On income, JELM currently yields 2.54% against 0.52% for SPXL.
Holdings Overlap
We hold position weights for 1 holding in JELM and 506 in SPXL, totalling 98.0% and 97.3% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 1 positions we hold weights for in JELM and 506 in SPXL, against full books of 39 and 1,030.
You are not choosing between two funds in isolation.
Whichever of JELM and SPXL you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, JELM or SPXL?
JELM has an expense ratio of 0.59% while SPXL charges 0.87%. JELM is the cheaper option, by $28 a year on a $10,000 investment.
Which pays a higher dividend, JELM or SPXL?
JELM yields 2.54% while SPXL yields 0.52%, so JELM currently pays the higher dividend yield.
Is SPXL better than JELM?
JELM has a lower expense ratio. Which one suits a particular account depends on what it is for. This is information, not a recommendation.