JBBB vs. DYNF

Last updated Jun 14, 2026

JBBB (Janus Henderson B-BBB CLO ETF) and DYNF (iShares U.S. Equity Factor Rotation Active ETF) are both exchange-traded funds - JBBB is a CLO fund actively managed by Janus Henderson, while DYNF is a Large Cap Blend Equities fund actively managed by iShares. Both are actively managed. Over the past 3 years, JBBB returned 10.46%/yr vs 24.87%/yr for DYNF. At a 0.17 correlation, their price movements are largely independent. JBBB charges 0.49%/yr vs 0.26%/yr for DYNF.

Performance

JBBB vs. DYNF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Janus Henderson B-BBB CLO ETF (JBBB) and iShares U.S. Equity Factor Rotation Active ETF (DYNF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JBBB achieves a 2.03% return, which is significantly lower than DYNF's 9.88% return.

JBBB

• 1D: 0.15%
• 1M: 0.71%
• YTD: 2.03%
• 6M: 2.43%
• 1Y: 5.67%
• 3Y*: 10.46%
• 5Y*: —
• 10Y*: —

DYNF

• 1D: 0.57%
• 1M: 0.54%
• YTD: 9.88%
• 6M: 10.36%
• 1Y: 28.69%
• 3Y*: 24.87%
• 5Y*: 14.62%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

JBBB vs. DYNF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
JBBB Janus Henderson B-BBB CLO ETF	2.03%	5.43%	12.50%	17.63%	-5.88%
DYNF iShares U.S. Equity Factor Rotation Active ETF	9.88%	20.00%	30.29%	36.25%	-18.39%

Correlation

The correlation between JBBB and DYNF is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (3Y) Calculated over the trailing 3-year period	0.24
Correlation (All Time) Calculated using the full available price history since Jan 12, 2022	0.17

Over the past year, JBBB and DYNF have become more correlated (0.45) than their long-term average of 0.17, meaning their price movements have been converging.

Return for Risk

JBBB vs. DYNF — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JBBB

JBBB Risk / Return Rank: 56
JBBB Sharpe Ratio Rank: 52
JBBB Sortino Ratio Rank: 62
JBBB Omega Ratio Rank: 64
JBBB Calmar Ratio Rank: 50
JBBB Martin Ratio Rank: 51

DYNF

DYNF Risk / Return Rank: 76
DYNF Sharpe Ratio Rank: 76
DYNF Sortino Ratio Rank: 73
DYNF Omega Ratio Rank: 74
DYNF Calmar Ratio Rank: 71
DYNF Martin Ratio Rank: 84

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

JBBB vs. DYNF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Janus Henderson B-BBB CLO ETF (JBBB) and iShares U.S. Equity Factor Rotation Active ETF (DYNF). 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.

	JBBB	DYNF	Difference
Sharpe ratio: Return per unit of total volatility	1.58	2.10	-0.52
Sortino ratio: Return per unit of downside risk	2.52	2.82	-0.30
Omega ratio: Gain probability vs. loss probability	1.34	1.38	-0.04
Calmar ratio: Return relative to maximum drawdown	2.21	3.15	-0.94
Martin ratio: Return relative to average drawdown	7.50	14.77	-7.27

JBBB vs. DYNF - Sharpe Ratio Comparison

The current JBBB Sharpe Ratio is 1.58, which is comparable to the DYNF Sharpe Ratio of 2.10. The chart below compares the historical Sharpe Ratios of JBBB and DYNF, 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

JBBB vs. DYNF - Drawdown Comparison

The maximum JBBB drawdown since its inception was -10.57%, smaller than the maximum DYNF drawdown of -34.72%. Use the drawdown chart below to compare losses from any high point for JBBB and DYNF.

Drawdown Indicators

	JBBB	DYNF	Difference
Max Drawdown Largest peak-to-trough decline	-10.57%	-34.72%	+24.15%
Max Drawdown (1Y) Largest decline over 1 year	-2.46%	-8.67%	+6.21%
Max Drawdown (3Y) Largest decline over 3 years	-3.82%	-18.70%	+14.88%
Max Drawdown (5Y) Largest decline over 5 years	—	-28.65%	—
Current Drawdown Current decline from peak	0.00%	-2.06%	+2.06%
Average Drawdown Average peak-to-trough decline	-1.57%	-5.96%	+4.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.72%	1.85%	-1.13%

Volatility

JBBB vs. DYNF - Volatility Comparison

The current volatility for Janus Henderson B-BBB CLO ETF (JBBB) is 1.02%, while iShares U.S. Equity Factor Rotation Active ETF (DYNF) has a volatility of 4.91%. This indicates that JBBB experiences smaller price fluctuations and is considered to be less risky than DYNF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JBBB	DYNF	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.02%	4.91%	-3.89%
Volatility (6M) Calculated over the trailing 6-month period	2.90%	10.37%	-7.47%
Volatility (1Y) Calculated over the trailing 1-year period	3.45%	13.01%	-9.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.26%	17.58%	-12.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.26%	19.91%	-14.65%

JBBB vs. DYNF - Expense Ratio Comparison

JBBB has a 0.49% expense ratio, which is higher than DYNF's 0.26% expense ratio.

Dividends

JBBB vs. DYNF - Dividend Comparison

JBBB's dividend yield for the trailing twelve months is around 7.11%, more than DYNF's 0.90% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
DYNF iShares U.S. Equity Factor Rotation Active ETF	0.90%	1.01%	0.65%	1.11%	1.66%	2.89%	1.52%	1.22%
JBBB Janus Henderson B-BBB CLO ETF	7.11%	8.41%	9.24%	8.71%	5.71%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JBBB and DYNF in my portfolio?

JBBB and DYNF have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JBBB or DYNF?

DYNF has higher volatility (4.91%) compared to JBBB (1.02%). In terms of maximum drawdown, JBBB dropped -10.57% vs DYNF's -34.72%.

Which ETF is better, JBBB or DYNF?

On 3-year performance, DYNF leads with 24.87% vs 10.46% for JBBB. On fees, DYNF is cheaper at 0.26% 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.

Which ETF has performed better, JBBB or DYNF?

Over the 3-year period, DYNF has performed better with a 24.87% return vs 10.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JBBB or DYNF?

DYNF is cheaper with a 0.26% expense ratio, compared with 0.49% for JBBB.

Which ETF pays a higher dividend yield, JBBB or DYNF?

JBBB has the higher dividend yield at 7.11%, compared with 0.90% for DYNF.

What is the main difference between JBBB and DYNF?

JBBB is categorized as CLO, while DYNF is Large Cap Blend Equities. They also come from different issuers: Janus Henderson and iShares. Their fees differ too: 0.49% for JBBB and 0.26% for DYNF.

Which has better risk-adjusted returns?

DYNF currently has the higher Sharpe Ratio (2.10 vs 1.58), 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.