CEFD vs. JBBB
Compare and contrast key facts about ETRACS Monthly Pay 1.5x Leveraged Closed-End Fund Index ETN (CEFD) and Janus Henderson B-BBB CLO ETF (JBBB).
CEFD and JBBB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CEFD is a passively managed fund by UBS that tracks the performance of the S-Network Composite Closed-End Fund Index (150%). It was launched on Jun 2, 2020. JBBB is an actively managed fund by Janus Henderson. It was launched on Jan 11, 2022.
Performance
CEFD vs. JBBB - Performance Comparison
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CEFD vs. JBBB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CEFD ETRACS Monthly Pay 1.5x Leveraged Closed-End Fund Index ETN | -3.73% | 14.15% | 20.06% | 8.36% | -28.65% |
JBBB Janus Henderson B-BBB CLO ETF | -0.18% | 5.43% | 12.50% | 17.63% | -5.99% |
Returns By Period
In the year-to-date period, CEFD achieves a -3.73% return, which is significantly lower than JBBB's -0.18% return.
CEFD
- 1D
- 1.63%
- 1M
- -6.56%
- YTD
- -3.73%
- 6M
- -3.27%
- 1Y
- 9.83%
- 3Y*
- 11.64%
- 5Y*
- 2.72%
- 10Y*
- —
JBBB
- 1D
- 0.63%
- 1M
- 1.10%
- YTD
- -0.18%
- 6M
- 1.19%
- 1Y
- 4.26%
- 3Y*
- 11.06%
- 5Y*
- —
- 10Y*
- —
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CEFD vs. JBBB - Expense Ratio Comparison
CEFD has a 0.95% expense ratio, which is higher than JBBB's 0.49% expense ratio.
Return for Risk
CEFD vs. JBBB — Risk / Return Rank
CEFD
JBBB
CEFD vs. JBBB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ETRACS Monthly Pay 1.5x Leveraged Closed-End Fund Index ETN (CEFD) and Janus Henderson B-BBB CLO ETF (JBBB). 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.
| CEFD | JBBB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.48 | 0.85 | -0.37 |
Sortino ratioReturn per unit of downside risk | 0.77 | 1.22 | -0.44 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.20 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 0.62 | 1.30 | -0.68 |
Martin ratioReturn relative to average drawdown | 2.80 | 5.29 | -2.49 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CEFD | JBBB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.48 | 0.85 | -0.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 1.24 | -0.82 |
Correlation
The correlation between CEFD and JBBB is 0.16, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
CEFD vs. JBBB - Dividend Comparison
CEFD's dividend yield for the trailing twelve months is around 15.83%, more than JBBB's 7.65% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
CEFD ETRACS Monthly Pay 1.5x Leveraged Closed-End Fund Index ETN | 15.83% | 14.88% | 13.90% | 14.76% | 16.56% | 10.31% | 5.37% |
JBBB Janus Henderson B-BBB CLO ETF | 7.65% | 8.41% | 9.24% | 8.71% | 5.71% | 0.00% | 0.00% |
Drawdowns
CEFD vs. JBBB - Drawdown Comparison
The maximum CEFD drawdown since its inception was -36.95%, which is greater than JBBB's maximum drawdown of -10.57%. Use the drawdown chart below to compare losses from any high point for CEFD and JBBB.
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Drawdown Indicators
| CEFD | JBBB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.95% | -10.57% | -26.38% |
Max Drawdown (1Y)Largest decline over 1 year | -16.13% | -3.45% | -12.68% |
Max Drawdown (5Y)Largest decline over 5 years | -36.95% | — | — |
Current DrawdownCurrent decline from peak | -7.31% | -1.39% | -5.92% |
Average DrawdownAverage peak-to-trough decline | -12.01% | -1.62% | -10.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.59% | 0.86% | +2.73% |
Volatility
CEFD vs. JBBB - Volatility Comparison
ETRACS Monthly Pay 1.5x Leveraged Closed-End Fund Index ETN (CEFD) has a higher volatility of 8.79% compared to Janus Henderson B-BBB CLO ETF (JBBB) at 2.05%. This indicates that CEFD's price experiences larger fluctuations and is considered to be riskier than JBBB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CEFD | JBBB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.79% | 2.05% | +6.74% |
Volatility (6M)Calculated over the trailing 6-month period | 10.94% | 2.67% | +8.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.68% | 5.07% | +15.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.84% | 5.33% | +12.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.41% | 5.33% | +12.08% |