JHAI vs VOO
Janus Henderson Global Artificial Intelligence ETF vs Vanguard S&P 500 ETF
Which is better, JHAI or VOO?
JHAI has been ahead.
VOO has a lower expense ratio. JHAI led over 1Y and the full window. VOO is less concentrated, with 37.6% of the fund in its ten largest positions against 62.7%.
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 | JHAI | VOO |
|---|---|---|
| Expense Ratio | 0.59% | 0.03%Best |
| AUM | - | $997.4B |
| Dividend Yield | 0.35% | 1.04% |
| Holdings | 49 | 509 |
| YTD Return | +22.17%Best | +12.25% |
| 1Y Return | +27.28%Best | +17.03% |
| 3Y Return (annualized) | - | +21.25% |
| 5Y Return (annualized) | - | +13.08% |
| Volatility (annualized) | 28.4% | 12.9%Best |
| Max Drawdown | -19.4% | -8.9%Best |
| $10,000 over 1.1 years | $13,705Best | $12,144 |
| Top 10 Weight | 62.7% | 37.6%Best |
| Fund Family | Janus Henderson Investors | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Aug 19, 2025 | Sep 7, 2010 |
Volatility and max drawdown, and the $10,000 over 1.1 years row, are measured over the window both funds cover: Aug 20, 2025 to Sep 17, 2026 (1.1 years).
JHAI vs VOO 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 covers the 1.1 years both funds cover.
JHAI vs VOO Performance
Janus Henderson Global Artificial Intelligence ETF (JHAI) is an ETF from Janus Henderson Investors and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year JHAI returned +27.28% while VOO returned +17.03%. Year to date, JHAI is up 22.17% versus a gain of 12.25% for VOO.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
JHAI has been the more volatile fund, with annualized monthly volatility of 28.4% compared with 12.9% for VOO. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -19.4% for JHAI and -8.9% for VOO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.80. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
JHAI charges 0.59% per year while VOO charges 0.03%. On a $10,000 position that is $59 vs $3 annually, a gap of $56 per year that compounds over a long holding period. On income, JHAI currently yields 0.35% against 1.04% for VOO.
Holdings Overlap
66.2% of JHAI's money is in holdings VOO also owns. 32.7% of VOO's money is in holdings JHAI also owns.
The two portfolios partly overlap.
27 positions in common, counted across the 46 positions we hold weights for in JHAI and 494 in VOO, against full books of 49 and 509.
What only one of them owns
Our book lists 460 positions for VOO that do not appear in our book for JHAI (66.5% of the fund), and 11 for JHAI that do not appear in VOO (9.7%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in JHAI | Weight in VOO | Difference |
|---|---|---|---|
| NVDANvidia Corp | 14.26% | 7.55% | 6.71% |
| MSFTMicrosoft Corp | 5.76% | 5.36% | 0.40% |
| AMZNAmazon.Com Inc | 3.66% | 4.13% | 0.47% |
| AVGOBroadcom Inc | 4.82% | 2.86% | 1.96% |
| MUMicron Technology, Inc. | 5.26% | 1.44% | 3.82% |
| GOOGAlphabet Inc | 2.38% | 2.62% | 0.24% |
| LRCXLrcx Uw Equity | 3.97% | 0.57% | 3.40% |
| AMDAdvanced Micro Devices Inc | 2.96% | 1.21% | 1.75% |
| KLACKla Corp | 2.60% | 0.37% | 2.23% |
| DEDeere & Co Sedol 2261203 | 2.46% | 0.23% | 2.23% |
66.2% of JHAI is already inside VOO.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
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Frequently Asked Questions
Which is cheaper, JHAI or VOO?
JHAI has an expense ratio of 0.59% while VOO charges 0.03%. VOO is the cheaper option, by $56 a year on a $10,000 investment.
Which performed better, JHAI or VOO?
Over the past year JHAI returned +27.28% vs +17.03% for VOO, so JHAI leads on 1-year performance. Over the longest common window we track (1 years), JHAI annualized +33.18% vs +19.31% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, JHAI or VOO?
JHAI has been the more volatile fund at 28.4% annualized versus 12.9% for VOO. Worst drawdown: JHAI -19.4% vs VOO -8.9%.
Should I hold both JHAI and VOO?
JHAI and VOO have a monthly-return correlation of 0.80, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between JHAI and VOO?
66.2% of JHAI's money is in holdings VOO also owns. 32.7% of VOO's is in holdings JHAI also owns. They hold 27 positions in common, counted across the 46 positions we hold weights for in JHAI and 494 in VOO.
Which pays a higher dividend, JHAI or VOO?
JHAI yields 0.35% while VOO yields 1.04%, so VOO currently pays the higher dividend yield.
Is VOO better than JHAI?
VOO has a lower expense ratio. JHAI led over 1Y and the full window. VOO is less concentrated, with 37.6% of the fund in its ten largest positions against 62.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.