JBBB vs. BCLO
JBBB (Janus Henderson B-BBB CLO ETF) and BCLO (iShares BBB-B CLO Active ETF) are both CLO funds. JBBB is actively managed, while BCLO is passively managed. Over the past year, JBBB returned 5.54% vs 6.84% for BCLO. At a 0.29 correlation, their price movements are largely independent. JBBB charges 0.49%/yr vs 0.45%/yr for BCLO.
Performance
JBBB vs. BCLO - Performance Comparison
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Returns By Period
In the year-to-date period, JBBB achieves a 1.86% return, which is significantly lower than BCLO's 2.78% return.
JBBB
- 1D
- 0.00%
- 1M
- 0.57%
- YTD
- 1.86%
- 6M
- 2.30%
- 1Y
- 5.54%
- 3Y*
- 10.60%
- 5Y*
- —
- 10Y*
- —
BCLO
- 1D
- -0.01%
- 1M
- 1.22%
- YTD
- 2.78%
- 6M
- 3.29%
- 1Y
- 6.84%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JBBB vs. BCLO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
JBBB Janus Henderson B-BBB CLO ETF | 1.86% | 4.37% |
BCLO iShares BBB-B CLO Active ETF | 2.78% | 5.43% |
Correlation
The correlation between JBBB and BCLO 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 31, 2025 | 0.29 |
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Return for Risk
JBBB vs. BCLO — Risk / Return Rank
JBBB
BCLO
JBBB vs. BCLO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Janus Henderson B-BBB CLO ETF (JBBB) and iShares BBB-B CLO Active ETF (BCLO). 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.
| JBBB | BCLO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.74 | ||
| Sortino ratioReturn per unit of downside risk | -2.73 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.89 | -0.53 |
| Calmar ratioReturn relative to maximum drawdown | 2.26 | 3.59 | -1.33 |
| Martin ratioReturn relative to average drawdown | 7.66 | 13.23 | -5.57 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| JBBB | BCLO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.67 | 3.40 | -1.74 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.30 | 1.41 | -0.11 |
Drawdowns
JBBB vs. BCLO - Drawdown Comparison
The maximum JBBB drawdown since its inception was -10.57%, which is greater than BCLO's maximum drawdown of -4.45%. Use the drawdown chart below to compare losses from any high point for JBBB and BCLO.
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Drawdown Indicators
| JBBB | BCLO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.57% | -4.45% | -6.12% |
Max Drawdown (1Y)Largest decline over 1 year | -2.46% | -1.92% | -0.54% |
Max Drawdown (3Y)Largest decline over 3 years | -3.82% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.01% | +0.01% |
Average DrawdownAverage peak-to-trough decline | -1.58% | -0.40% | -1.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.72% | 0.52% | +0.20% |
Volatility
JBBB vs. BCLO - Volatility Comparison
The current volatility for Janus Henderson B-BBB CLO ETF (JBBB) is 0.45%, while iShares BBB-B CLO Active ETF (BCLO) has a volatility of 0.48%. This indicates that JBBB experiences smaller price fluctuations and is considered to be less risky than BCLO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JBBB | BCLO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.45% | 0.48% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 2.76% | 1.65% | +1.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.34% | 2.02% | +1.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.26% | 4.39% | +0.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.26% | 4.39% | +0.87% |
JBBB vs. BCLO - Expense Ratio Comparison
JBBB has a 0.49% expense ratio, which is higher than BCLO's 0.45% expense ratio.
Dividends
JBBB vs. BCLO - Dividend Comparison
JBBB's dividend yield for the trailing twelve months is around 7.13%, more than BCLO's 6.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
BCLO iShares BBB-B CLO Active ETF | 6.59% | 6.45% | 0.00% | 0.00% | 0.00% |
JBBB Janus Henderson B-BBB CLO ETF | 7.13% | 8.41% | 9.24% | 8.71% | 5.71% |
Frequently Asked Questions
JBBB and BCLO 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.
BCLO has higher volatility (0.48%) compared to JBBB (0.45%). In terms of maximum drawdown, JBBB dropped -10.57% vs BCLO's -4.45%.
On 1-year performance, BCLO leads with 6.84% vs 5.54% for JBBB. On fees, BCLO is cheaper at 0.45% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, BCLO has performed better with a 6.84% return vs 5.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BCLO is cheaper with a 0.45% expense ratio, compared with 0.49% for JBBB.
JBBB has the higher dividend yield at 7.13%, compared with 6.59% for BCLO.
They also come from different issuers: Janus Henderson and iShares. Their fees differ too: 0.49% for JBBB and 0.45% for BCLO.
BCLO currently has the higher Sharpe Ratio (3.40 vs 1.67), 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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