JABS vs. BLST

Last updated Aug 4, 2026

JABS (Janus Henderson Asset-Backed Securities ETF) and BLST (Bluemonte Short Term Bond ETF) are both Short-Term Bond funds. Both are actively managed. Over the past year, JABS returned 3.98% vs 2.31% for BLST. Their 0.18 correlation means their historical movements had little consistent relationship. JABS charges 0.33%/yr vs 0.23%/yr for BLST.

Performance

JABS vs. BLST - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Janus Henderson Asset-Backed Securities ETF (JABS) and Bluemonte Short Term Bond ETF (BLST). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JABS achieves a 1.80% return, which is significantly higher than BLST's 0.27% return.

JABS

• 1D: -0.10%
• 1M: 0.12%
• 6M: 1.48%
• YTD: 1.80%
• 1Y: 3.98%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 4.21%

BLST

• 1D: 0.12%
• 1M: -0.34%
• 6M: 0.13%
• YTD: 0.27%
• 1Y: 2.31%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 2.65%

*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)
BLST Bluemonte Short Term Bond ETF	$253.17K	$280.70K	$415.30K
JABS Janus Henderson Asset-Backed Securities ETF	$398.40K	$238.92K	$324.11K

JABS vs. BLST - Yearly Performance Comparison

	2026 (YTD)	2025
JABS Janus Henderson Asset-Backed Securities ETF	1.80%	2.49%
BLST Bluemonte Short Term Bond ETF	0.27%	2.64%

Correlation

The correlation between JABS and BLST is 0.18, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.18
Correlation (All Time) Calculated using the full available price history since Jul 23, 2025	0.18

Return for Risk

JABS vs. BLST — Risk / Return Rank

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

JABS

JABS Risk / Return Rank: 86
JABS Sharpe Ratio Rank: 79
JABS Sortino Ratio Rank: 87
JABS Omega Ratio Rank: 82
JABS Calmar Ratio Rank: 90
JABS Martin Ratio Rank: 90

BLST

BLST Risk / Return Rank: 37
BLST Sharpe Ratio Rank: 40
BLST Sortino Ratio Rank: 38
BLST Omega Ratio Rank: 36
BLST Calmar Ratio Rank: 37
BLST Martin Ratio Rank: 36

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.

JABS vs. BLST - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Asset-Backed Securities ETF (JABS) and Bluemonte Short Term Bond ETF (BLST). 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.

	JABS	BLST	Difference
Sharpe ratio: Return per unit of total volatility	2.01	1.07	+0.93
Sortino ratio: Return per unit of downside risk	3.15	1.55	+1.60
Omega ratio: Gain probability vs. loss probability	1.38	1.18	+0.20
Calmar ratio: Return relative to maximum drawdown	4.11	1.38	+2.73
Martin ratio: Return relative to average drawdown	15.73	3.80	+11.93

JABS vs. BLST - Sharpe Ratio Comparison

The current JABS Sharpe Ratio is 2.01, which is higher than the BLST Sharpe Ratio of 1.07. The chart below compares the historical Sharpe Ratios of JABS and BLST, 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

JABS vs. BLST - Drawdown Comparison

The maximum JABS drawdown since its inception was -0.97%, smaller than the maximum BLST drawdown of -1.69%. Use the drawdown chart below to compare losses from any high point for JABS and BLST.

Drawdown Indicators

	JABS	BLST	Difference
Max Drawdown Largest peak-to-trough decline	-0.97%	-1.69%	+0.72%
Max Drawdown (1Y) Largest decline over 1 year	-0.97%	-1.69%	+0.72%
Current Drawdown Current decline from peak	-0.30%	-0.90%	+0.60%
Average Drawdown Average peak-to-trough decline	-0.17%	-0.41%	+0.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.25%	0.61%	-0.36%

Volatility

JABS vs. BLST - Volatility Comparison

Janus Henderson Asset-Backed Securities ETF (JABS) has a higher volatility of 0.74% compared to Bluemonte Short Term Bond ETF (BLST) at 0.64%. This indicates that JABS's price experiences larger fluctuations and is considered to be riskier than BLST based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JABS	BLST	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.74%	0.64%	+0.10%
Volatility (6M) Calculated over the trailing 6-month period	1.47%	1.79%	-0.32%
Volatility (1Y) Calculated over the trailing 1-year period	2.00%	2.17%	-0.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.02%	2.25%	-0.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.02%	2.25%	-0.23%

JABS vs. BLST - Expense Ratio Comparison

JABS has a 0.33% expense ratio, which is higher than BLST's 0.23% expense ratio.

Dividends

JABS vs. BLST - Dividend Comparison

JABS's dividend yield for the trailing twelve months is around 5.00%, more than BLST's 3.78% yield.

Position	TTM	2025
BLST Bluemonte Short Term Bond ETF	3.78%	2.11%
JABS Janus Henderson Asset-Backed Securities ETF	5.00%	2.19%

Frequently Asked Questions

Can I hold both JABS and BLST in my portfolio?

JABS and BLST have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JABS or BLST?

JABS has higher volatility (0.74%) compared to BLST (0.64%). In terms of maximum drawdown, JABS dropped -0.97% vs BLST's -1.69%.

Which ETF is better, JABS or BLST?

On 1-year performance, JABS leads with 3.98% vs 2.31% for BLST. On fees, BLST is cheaper at 0.23% per year. On volatility, BLST has been the lower-risk option at 0.64%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JABS or BLST?

Over the 1-year period, JABS has performed better with a 3.98% return vs 2.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JABS or BLST?

BLST is cheaper with a 0.23% expense ratio, compared with 0.33% for JABS.

Which ETF pays a higher dividend yield, JABS or BLST?

JABS has the higher dividend yield at 5.00%, compared with 3.78% for BLST.

What is the main difference between JABS and BLST?

They also come from different issuers: Janus Henderson and Bluemonte. Their fees differ too: 0.33% for JABS and 0.23% for BLST.

Which has better risk-adjusted returns?

JABS currently has the higher Sharpe Ratio (2.01 vs 1.07), 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.