PortfoliosLab logo
PortfoliosLab logo
Tools
Portfolios
Screeners
Discussions
FIAX vs. JBBB
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between FIAX and JBBB is 0.11, 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.

FIAX vs. JBBB

Last updated May 25, 2025

Compare and contrast key facts about Nicholas Fixed Income Alternative ETF (FIAX) and Janus Henderson B-BBB CLO ETF (JBBB).

FIAX and JBBB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FIAX is an actively managed fund by Nicholas. It was launched on Nov 29, 2022. JBBB is an actively managed fund by Janus Henderson. It was launched on Jan 11, 2022.

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FIAX or JBBB.

Performance

FIAX vs. JBBB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nicholas Fixed Income Alternative ETF (FIAX) and Janus Henderson B-BBB CLO ETF (JBBB). The values are adjusted to include any dividend payments, if applicable.

Loading data...

Key characteristics

Sharpe Ratio

FIAX:

0.46

JBBB:

1.39

Sortino Ratio

FIAX:

0.58

JBBB:

1.95

Omega Ratio

FIAX:

1.08

JBBB:

1.41

Calmar Ratio

FIAX:

0.32

JBBB:

1.55

Martin Ratio

FIAX:

1.05

JBBB:

7.04

Ulcer Index

FIAX:

1.93%

JBBB:

0.96%

Daily Std Dev

FIAX:

4.99%

JBBB:

4.65%

Max Drawdown

FIAX:

-6.26%

JBBB:

-10.79%

Current Drawdown

FIAX:

-3.63%

JBBB:

-0.48%

Returns By Period

In the year-to-date period, FIAX achieves a -1.87% return, which is significantly lower than JBBB's 0.80% return.

FIAX

YTD

-1.87%

1M

1.40%

6M

-2.79%

1Y

2.14%

3Y*

N/A

5Y*

N/A

10Y*

N/A

JBBB

YTD

0.80%

1M

1.19%

6M

1.61%

1Y

6.31%

3Y*

9.64%

5Y*

N/A

10Y*

N/A

*Annualized

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Nicholas Fixed Income Alternative ETF

Janus Henderson B-BBB CLO ETF

FIAX vs. JBBB - Expense Ratio Comparison

FIAX has a 1.04% expense ratio, which is higher than JBBB's 0.49% expense ratio.

FIAX
Nicholas Fixed Income Alternative ETF
JBBB
Janus Henderson B-BBB CLO ETF
Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

FIAX vs. JBBB — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FIAX
The Risk-Adjusted Performance Rank of FIAX is 4343
Overall Rank
The Sharpe Ratio Rank of FIAX is 5050
Sharpe Ratio Rank
The Sortino Ratio Rank of FIAX is 4141
Sortino Ratio Rank
The Omega Ratio Rank of FIAX is 4040
Omega Ratio Rank
The Calmar Ratio Rank of FIAX is 4545
Calmar Ratio Rank
The Martin Ratio Rank of FIAX is 4141
Martin Ratio Rank
JBBB
The Risk-Adjusted Performance Rank of JBBB is 9191
Overall Rank
The Sharpe Ratio Rank of JBBB is 8989
Sharpe Ratio Rank
The Sortino Ratio Rank of JBBB is 8989
Sortino Ratio Rank
The Omega Ratio Rank of JBBB is 9595
Omega Ratio Rank
The Calmar Ratio Rank of JBBB is 9090
Calmar Ratio Rank
The Martin Ratio Rank of JBBB is 9090
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

FIAX vs. JBBB - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Nicholas Fixed Income Alternative ETF (FIAX) 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.

The current FIAX Sharpe Ratio is 0.46, which is lower than the JBBB Sharpe Ratio of 1.39. The chart below compares the historical Sharpe Ratios of FIAX and JBBB, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Loading data...

Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

FIAX vs. JBBB - Dividend Comparison

FIAX's dividend yield for the trailing twelve months is around 8.78%, more than JBBB's 7.97% yield.

TTM202420232022
FIAX
Nicholas Fixed Income Alternative ETF		8.78%8.11%4.81%0.00%
JBBB
Janus Henderson B-BBB CLO ETF		7.97%7.65%8.10%5.03%

Drawdowns

FIAX vs. JBBB - Drawdown Comparison

The maximum FIAX drawdown since its inception was -6.26%, smaller than the maximum JBBB drawdown of -10.79%. Use the drawdown chart below to compare losses from any high point for FIAX and JBBB.

Loading data...

Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

FIAX vs. JBBB - Volatility Comparison

Nicholas Fixed Income Alternative ETF (FIAX) has a higher volatility of 1.22% compared to Janus Henderson B-BBB CLO ETF (JBBB) at 1.08%. This indicates that FIAX'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.

Loading data...