IBIT vs. JBBB
IBIT (iShares Bitcoin Trust ETF) and JBBB (Janus Henderson B-BBB CLO ETF) are both exchange-traded funds - IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant, while JBBB is a CLO fund actively managed by Janus Henderson. IBIT is passively managed, while JBBB is actively managed. Over the past year, IBIT returned -39.67% vs 5.67% for JBBB. At a 0.14 correlation, their price movements are largely independent. IBIT charges 0.25%/yr vs 0.49%/yr for JBBB.
Performance
IBIT vs. JBBB - Performance Comparison
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Returns By Period
In the year-to-date period, IBIT achieves a -27.41% return, which is significantly lower than JBBB's 2.03% return.
IBIT
- 1D
- -0.03%
- 1M
- -21.94%
- YTD
- -27.41%
- 6M
- -29.61%
- 1Y
- -39.67%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JBBB
- 1D
- 0.15%
- 1M
- 0.52%
- YTD
- 2.03%
- 6M
- 2.43%
- 1Y
- 5.67%
- 3Y*
- 10.46%
- 5Y*
- —
- 10Y*
- —
IBIT vs. JBBB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IBIT iShares Bitcoin Trust ETF | -27.41% | -6.41% | 89.87% |
JBBB Janus Henderson B-BBB CLO ETF | 2.03% | 5.43% | 11.80% |
Correlation
The correlation between IBIT and JBBB is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.14 |
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Return for Risk
IBIT vs. JBBB — Risk / Return Rank
IBIT
JBBB
IBIT vs. JBBB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Bitcoin Trust ETF (IBIT) 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.
| IBIT | JBBB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.50 | ||
| Sortino ratioReturn per unit of downside risk | -3.82 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.34 | -0.48 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | 2.21 | -2.99 |
| Martin ratioReturn relative to average drawdown | -1.37 | 7.50 | -8.87 |
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Drawdowns
IBIT vs. JBBB - Drawdown Comparison
The maximum IBIT drawdown since its inception was -52.11%, which is greater than JBBB's maximum drawdown of -10.57%. Use the drawdown chart below to compare losses from any high point for IBIT and JBBB.
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Drawdown Indicators
| IBIT | JBBB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.11% | -10.57% | -41.54% |
Max Drawdown (1Y)Largest decline over 1 year | -52.11% | -2.46% | -49.65% |
Max Drawdown (3Y)Largest decline over 3 years | — | -3.82% | — |
Current DrawdownCurrent decline from peak | -49.45% | 0.00% | -49.45% |
Average DrawdownAverage peak-to-trough decline | -16.53% | -1.57% | -14.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.64% | 0.72% | +28.92% |
Volatility
IBIT vs. JBBB - Volatility Comparison
iShares Bitcoin Trust ETF (IBIT) has a higher volatility of 12.07% compared to Janus Henderson B-BBB CLO ETF (JBBB) at 1.02%. This indicates that IBIT'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
| IBIT | JBBB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.07% | 1.02% | +11.05% |
Volatility (6M)Calculated over the trailing 6-month period | 34.45% | 2.90% | +31.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.10% | 3.45% | +40.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.26% | 5.26% | +45.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.26% | 5.26% | +45.00% |
IBIT vs. JBBB - Expense Ratio Comparison
IBIT has a 0.25% expense ratio, which is lower than JBBB's 0.49% expense ratio.
Dividends
IBIT vs. JBBB - Dividend Comparison
IBIT has not paid dividends to shareholders, while JBBB's dividend yield for the trailing twelve months is around 7.11%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
IBIT iShares Bitcoin Trust ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
JBBB Janus Henderson B-BBB CLO ETF | 7.11% | 8.41% | 9.24% | 8.71% | 5.71% |
Frequently Asked Questions
IBIT and JBBB have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (12.07%) compared to JBBB (1.02%). In terms of maximum drawdown, IBIT dropped -52.11% vs JBBB's -10.57%.
On 1-year performance, JBBB leads with 5.67% vs -39.67% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, JBBB has been the lower-risk option at 1.02%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, JBBB has performed better with a 5.67% return vs -39.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIT is cheaper with a 0.25% expense ratio, compared with 0.49% for JBBB.
JBBB has the higher dividend yield at 7.11%, compared with 0.00% for IBIT.
IBIT is categorized as Cryptocurrency, while JBBB is CLO. They also come from different issuers: iShares and Janus Henderson. Their fees differ too: 0.25% for IBIT and 0.49% for JBBB.
JBBB currently has the higher Sharpe Ratio (1.58 vs -0.92), 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.
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