EADOX vs. JBBB

Last updated Aug 1, 2026

EADOX (Eaton Vance Emerging Markets Debt Opportunities Fund Class A) and JBBB (Janus Henderson B-BBB CLO ETF) are both funds - EADOX is a Emerging Markets Bonds fund managed by Eaton Vance, while JBBB is a CLO fund actively managed by Janus Henderson. Over the past 3 years, EADOX returned 14.30%/yr vs 7.87%/yr for JBBB. Their 0.15 correlation means their historical movements had little consistent relationship. EADOX charges 1.11%/yr vs 0.49%/yr for JBBB.

Performance

EADOX vs. JBBB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Eaton Vance Emerging Markets Debt Opportunities Fund Class A (EADOX) and Janus Henderson B-BBB CLO ETF (JBBB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EADOX achieves a 8.35% return, which is significantly higher than JBBB's 2.73% return.

EADOX

• 1D: 0.28%
• 1M: 0.28%
• 6M: 4.99%
• YTD: 8.35%
• 1Y: 17.16%
• 3Y*: 14.30%
• 5Y*: 8.65%
• 10Y*: 7.73%
• ALL TIME*: 8.21%

JBBB

• 1D: 0.14%
• 1M: 0.31%
• 6M: 1.91%
• YTD: 2.73%
• 1Y: 5.02%
• 3Y*: 7.87%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 5.90%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
EADOX Eaton Vance Emerging Markets Debt Opportunities Fund Class A	$0.00	$0.00	$0.00
JBBB Janus Henderson B-BBB CLO ETF	$11.42M	$11.95M	$15.50M

EADOX vs. JBBB - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
EADOX Eaton Vance Emerging Markets Debt Opportunities Fund Class A	8.35%	16.93%	14.52%	11.13%	-6.20%
JBBB Janus Henderson B-BBB CLO ETF	2.73%	4.40%	10.72%	16.91%	-6.51%

Correlation

The correlation between EADOX and JBBB is 0.21, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.21
Correlation (3Y) Balances recent behavior with more history.	0.14
Correlation (All Time) Calculated using the full available price history since Jan 12, 2022	0.15

Return for Risk

EADOX vs. JBBB — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

EADOX

EADOX Risk / Return Rank: 98
EADOX Sharpe Ratio Rank: 100
EADOX Sortino Ratio Rank: 99
EADOX Omega Ratio Rank: 99
EADOX Calmar Ratio Rank: 97
EADOX Martin Ratio Rank: 97

JBBB

JBBB Risk / Return Rank: 60
JBBB Sharpe Ratio Rank: 58
JBBB Sortino Ratio Rank: 65
JBBB Omega Ratio Rank: 71
JBBB Calmar Ratio Rank: 53
JBBB Martin Ratio Rank: 54

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

EADOX vs. JBBB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Emerging Markets Debt Opportunities Fund Class A (EADOX) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	EADOX	JBBB	Difference
Sharpe ratio: Return per unit of total volatility	5.03	1.36	+3.67
Sortino ratio: Return per unit of downside risk	7.91	2.15	+5.77
Omega ratio: Gain probability vs. loss probability	2.33	1.29	+1.04
Calmar ratio: Return relative to maximum drawdown	4.77	1.90	+2.87
Martin ratio: Return relative to average drawdown	19.28	6.39	+12.89

EADOX vs. JBBB - Sharpe Ratio Comparison

The current EADOX Sharpe Ratio is 5.03, which is higher than the JBBB Sharpe Ratio of 1.36. The chart below compares the historical Sharpe Ratios of EADOX and JBBB, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EADOX vs. JBBB - Drawdown Comparison

The maximum EADOX drawdown since its inception was -19.15%, which is greater than JBBB's maximum drawdown of -10.79%. Use the drawdown chart below to compare losses from any high point for EADOX and JBBB.

Drawdown Indicators

	EADOX	JBBB	Difference
Max Drawdown Largest peak-to-trough decline	-19.15%	-10.79%	-8.36%
Max Drawdown (1Y) Largest decline over 1 year	-3.61%	-2.46%	-1.15%
Max Drawdown (3Y) Largest decline over 3 years	-3.61%	-4.35%	+0.74%
Max Drawdown (5Y) Largest decline over 5 years	-17.56%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-19.15%	—	—
Current Drawdown Current decline from peak	-0.06%	0.00%	-0.06%
Average Drawdown Average peak-to-trough decline	-2.49%	-1.66%	-0.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.89%	0.73%	+0.16%

Volatility

EADOX vs. JBBB - Volatility Comparison

Eaton Vance Emerging Markets Debt Opportunities Fund Class A (EADOX) has a higher volatility of 0.76% compared to Janus Henderson B-BBB CLO ETF (JBBB) at 0.56%. This indicates that EADOX'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.

Volatility by Period

	EADOX	JBBB	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.76%	0.56%	+0.20%
Volatility (6M) Calculated over the trailing 6-month period	2.98%	3.06%	-0.08%
Volatility (1Y) Calculated over the trailing 1-year period	3.43%	3.44%	-0.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.58%	5.16%	-0.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.68%	5.16%	-0.48%

EADOX vs. JBBB - Expense Ratio Comparison

EADOX has a 1.11% expense ratio, which is higher than JBBB's 0.49% expense ratio.

Dividends

EADOX vs. JBBB - Dividend Comparison

EADOX's dividend yield for the trailing twelve months is around 10.41%, more than JBBB's 7.06% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
EADOX Eaton Vance Emerging Markets Debt Opportunities Fund Class A	10.41%	10.51%	8.27%	8.73%	8.87%	7.56%	7.42%	7.57%	7.83%	7.61%	4.04%
JBBB Janus Henderson B-BBB CLO ETF	6.54%	7.41%	7.65%	8.10%	5.03%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EADOX and JBBB in my portfolio?

EADOX and JBBB have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EADOX or JBBB?

EADOX has higher volatility (0.76%) compared to JBBB (0.56%). In terms of maximum drawdown, EADOX dropped -19.15% vs JBBB's -10.79%.

Which has better risk-adjusted returns?

EADOX currently has the higher Sharpe Ratio (5.03 vs 1.36), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.