BLUI vs. JIII

Last updated Jun 5, 2026

BLUI (Bluemonte Diversified Income ETF) and JIII (Janus Henderson Income ETF) are both Multisector Bonds funds. A 0.65 correlation means they provide meaningful diversification when combined. BLUI charges 0.75%/yr vs 0.54%/yr for JIII.

Performance

BLUI vs. JIII - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bluemonte Diversified Income ETF (BLUI) and Janus Henderson Income ETF (JIII). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BLUI achieves a 3.69% return, which is significantly higher than JIII's 1.19% return.

BLUI

• 1D: 0.41%
• 1M: 0.31%
• YTD: 3.69%
• 6M: 3.59%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

JIII

• 1D: 0.16%
• 1M: 0.35%
• YTD: 1.19%
• 6M: 1.66%
• 1Y: 6.54%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BLUI vs. JIII - Yearly Performance Comparison

	2026 (YTD)	2025
BLUI Bluemonte Diversified Income ETF	3.69%	3.80%
JIII Janus Henderson Income ETF	1.19%	4.76%

Correlation

The correlation between BLUI and JIII is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 24, 2025	0.65

BLUI vs. JIII - Sectors Allocation Comparison

Sectors	BLUI	JIII
Real Estate	51.0%	0.2%
Energy	46.7%	29.9%
Utilities	1.5%	0.2%
Technology	0.6%	2.5%
Consumer Cyclical	0.3%	13.1%
Basic Materials	-	0.1%
Communication Services	-	0.8%
Consumer Defensive	-	0.4%
Financial Services	-	20.2%
Healthcare	-	32.0%
Industrials	-	0.6%

Return for Risk

BLUI vs. JIII — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JIII

JIII Risk / Return Rank: 59
JIII Sharpe Ratio Rank: 55
JIII Sortino Ratio Rank: 59
JIII Omega Ratio Rank: 62
JIII Calmar Ratio Rank: 59
JIII Martin Ratio Rank: 62

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BLUI vs. JIII - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bluemonte Diversified Income ETF (BLUI) and Janus Henderson Income ETF (JIII). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	BLUI	JIII	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.85	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.07	1.64	+0.43

Drawdowns

BLUI vs. JIII - Drawdown Comparison

The maximum BLUI drawdown since its inception was -2.43%, smaller than the maximum JIII drawdown of -3.55%. Use the drawdown chart below to compare losses from any high point for BLUI and JIII.

Drawdown Indicators

	BLUI	JIII	Difference
Max Drawdown Largest peak-to-trough decline	-2.43%	-3.55%	+1.12%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.27%	—
Current Drawdown Current decline from peak	-0.02%	-0.14%	+0.12%
Average Drawdown Average peak-to-trough decline	-0.36%	-0.50%	+0.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.60%	—

Volatility

Volatility by Period

	BLUI	JIII	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.29%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.65%	—
Volatility (1Y) Calculated over the trailing 1-year period	3.90%	3.56%	+0.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.90%	3.96%	-0.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.90%	3.96%	-0.06%

BLUI vs. JIII - Expense Ratio Comparison

BLUI has a 0.75% expense ratio, which is higher than JIII's 0.54% expense ratio.

Dividends

BLUI vs. JIII - Dividend Comparison

BLUI's dividend yield for the trailing twelve months is around 4.70%, less than JIII's 7.43% yield.

Position	TTM	2025	2024
BLUI Bluemonte Diversified Income ETF	4.70%	2.91%	0.00%
JIII Janus Henderson Income ETF	7.43%	7.33%	0.44%

Frequently Asked Questions

Can I hold both BLUI and JIII in my portfolio?

BLUI and JIII have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BLUI or JIII?

On fees, JIII is cheaper at 0.54% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BLUI or JIII?

JIII is cheaper with a 0.54% expense ratio, compared with 0.75% for BLUI.

Which ETF pays a higher dividend yield, BLUI or JIII?

JIII has the higher dividend yield at 7.43%, compared with 4.70% for BLUI.

What is the main difference between BLUI and JIII?

They also come from different issuers: Bluemonte and Janus Henderson. Their fees differ too: 0.75% for BLUI and 0.54% for JIII.