JABS vs. SJLD

Last updated Aug 4, 2026

JABS (Janus Henderson Asset-Backed Securities ETF) and SJLD (SanJac Alpha Low Duration ETF) are both Short-Term Bond funds. Both are actively managed. Over the past year, JABS returned 3.98% vs 3.89% for SJLD. Their 0.21 correlation means their historical movements had little consistent relationship. JABS charges 0.33%/yr vs 0.35%/yr for SJLD.

Performance

JABS vs. SJLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Janus Henderson Asset-Backed Securities ETF (JABS) and SanJac Alpha Low Duration ETF (SJLD). 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 lower than SJLD's 2.30% return.

JABS

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

SJLD

• 1D: 0.02%
• 1M: 0.44%
• 6M: 1.90%
• YTD: 2.30%
• 1Y: 3.89%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 4.45%

*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)
JABS Janus Henderson Asset-Backed Securities ETF	$398.40K	$238.92K	$324.11K
SJLD SanJac Alpha Low Duration ETF	$848.79	$1.08K	$3.18K

JABS vs. SJLD - Yearly Performance Comparison

	2026 (YTD)	2025
JABS Janus Henderson Asset-Backed Securities ETF	1.80%	2.49%
SJLD SanJac Alpha Low Duration ETF	2.30%	2.19%

Correlation

The correlation between JABS and SJLD is 0.22, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.22
Correlation (All Time) Calculated using the full available price history since Jul 23, 2025	0.21

Return for Risk

JABS vs. SJLD — 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

SJLD

SJLD Risk / Return Rank: 92
SJLD Sharpe Ratio Rank: 91
SJLD Sortino Ratio Rank: 93
SJLD Omega Ratio Rank: 95
SJLD Calmar Ratio Rank: 87
SJLD Martin Ratio Rank: 93

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. SJLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Asset-Backed Securities ETF (JABS) and SanJac Alpha Low Duration ETF (SJLD). 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	SJLD	Difference
Sharpe ratio: Return per unit of total volatility	2.01	2.44	-0.43
Sortino ratio: Return per unit of downside risk	3.15	3.73	-0.59
Omega ratio: Gain probability vs. loss probability	1.38	1.57	-0.19
Calmar ratio: Return relative to maximum drawdown	4.11	3.74	+0.37
Martin ratio: Return relative to average drawdown	15.73	18.11	-2.38

JABS vs. SJLD - Sharpe Ratio Comparison

The current JABS Sharpe Ratio is 2.01, which is comparable to the SJLD Sharpe Ratio of 2.44. The chart below compares the historical Sharpe Ratios of JABS and SJLD, 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. SJLD - Drawdown Comparison

The maximum JABS drawdown since its inception was -0.97%, smaller than the maximum SJLD drawdown of -1.04%. Use the drawdown chart below to compare losses from any high point for JABS and SJLD.

Drawdown Indicators

	JABS	SJLD	Difference
Max Drawdown Largest peak-to-trough decline	-0.97%	-1.04%	+0.07%
Max Drawdown (1Y) Largest decline over 1 year	-0.97%	-1.04%	+0.07%
Current Drawdown Current decline from peak	-0.30%	0.00%	-0.30%
Average Drawdown Average peak-to-trough decline	-0.17%	-0.11%	-0.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.25%	0.22%	+0.03%

Volatility

JABS vs. SJLD - Volatility Comparison

Janus Henderson Asset-Backed Securities ETF (JABS) has a higher volatility of 0.74% compared to SanJac Alpha Low Duration ETF (SJLD) at 0.28%. This indicates that JABS's price experiences larger fluctuations and is considered to be riskier than SJLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JABS	SJLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.74%	0.28%	+0.46%
Volatility (6M) Calculated over the trailing 6-month period	1.47%	1.15%	+0.32%
Volatility (1Y) Calculated over the trailing 1-year period	2.00%	1.60%	+0.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.02%	1.88%	+0.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.02%	1.88%	+0.14%

JABS vs. SJLD - Expense Ratio Comparison

JABS has a 0.33% expense ratio, which is lower than SJLD's 0.35% expense ratio.

Dividends

JABS vs. SJLD - Dividend Comparison

JABS's dividend yield for the trailing twelve months is around 5.00%, more than SJLD's 4.40% yield.

Position	TTM	2025	2024
JABS Janus Henderson Asset-Backed Securities ETF	5.00%	2.19%	0.00%
SJLD SanJac Alpha Low Duration ETF	4.40%	3.74%	1.26%

Frequently Asked Questions

Can I hold both JABS and SJLD in my portfolio?

JABS and SJLD 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.

Which is riskier, JABS or SJLD?

JABS has higher volatility (0.74%) compared to SJLD (0.28%). In terms of maximum drawdown, JABS dropped -0.97% vs SJLD's -1.04%.

Which ETF is better, JABS or SJLD?

On 1-year performance, JABS leads with 3.98% vs 3.89% for SJLD. On fees, JABS is cheaper at 0.33% per year. On volatility, SJLD has been the lower-risk option at 0.28%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JABS or SJLD?

Over the 1-year period, JABS has performed better with a 3.98% return vs 3.89%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JABS or SJLD?

JABS is cheaper with a 0.33% expense ratio, compared with 0.35% for SJLD.

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

JABS has the higher dividend yield at 5.00%, compared with 4.40% for SJLD.

What is the main difference between JABS and SJLD?

They also come from different issuers: Janus Henderson and SanJac Alpha. Their fees differ too: 0.33% for JABS and 0.35% for SJLD.

Which has better risk-adjusted returns?

SJLD currently has the higher Sharpe Ratio (2.44 vs 2.01), 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.