JBBB vs. EUHY
JBBB (Janus Henderson B-BBB CLO ETF) and EUHY (iShares Euro High Yield Corporate Bond USD Hedged ETF) are both exchange-traded funds - JBBB is a CLO fund actively managed by Janus Henderson, while EUHY is a High Yield Bonds fund tracking the BBG Pan-European High Yield (Euro) Total Return 100% USD Hedged Index. JBBB is actively managed, while EUHY is passively managed. Over the past 3 years, JBBB returned 10.39%/yr vs 9.44%/yr for EUHY. At a 0.07 correlation, their price movements are largely independent. JBBB charges 0.49%/yr vs 0.35%/yr for EUHY.
Performance
JBBB vs. EUHY - Performance Comparison
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Returns By Period
In the year-to-date period, JBBB achieves a 1.88% return, which is significantly higher than EUHY's 1.70% return.
JBBB
- 1D
- 0.53%
- 1M
- 0.43%
- YTD
- 1.88%
- 6M
- 2.28%
- 1Y
- 5.34%
- 3Y*
- 10.39%
- 5Y*
- —
- 10Y*
- —
EUHY
- 1D
- -0.12%
- 1M
- 0.05%
- YTD
- 1.70%
- 6M
- 2.27%
- 1Y
- 5.47%
- 3Y*
- 9.44%
- 5Y*
- 1.82%
- 10Y*
- 3.68%
JBBB vs. EUHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
JBBB Janus Henderson B-BBB CLO ETF | 1.88% | 5.43% | 12.50% | 17.63% | -5.99% |
EUHY iShares Euro High Yield Corporate Bond USD Hedged ETF | 1.70% | 17.41% | -0.55% | 16.06% | -15.85% |
Correlation
The correlation between JBBB and EUHY is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Jan 13, 2022 | 0.07 |
The correlation between JBBB and EUHY shifts across timeframes, from 0.05 (3 years) to 0.25 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
JBBB vs. EUHY — Risk / Return Rank
JBBB
EUHY
JBBB vs. EUHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Janus Henderson B-BBB CLO ETF (JBBB) and iShares Euro High Yield Corporate Bond USD Hedged ETF (EUHY). 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 | EUHY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.57 | ||
| Sortino ratioReturn per unit of downside risk | +1.07 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.19 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.18 | 1.57 | +0.61 |
| Martin ratioReturn relative to average drawdown | 7.38 | 3.75 | +3.63 |
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 | EUHY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.57 | 1.00 | +0.57 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.18 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.35 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.30 | 0.34 | +0.96 |
Drawdowns
JBBB vs. EUHY - Drawdown Comparison
The maximum JBBB drawdown since its inception was -10.57%, smaller than the maximum EUHY drawdown of -32.45%. Use the drawdown chart below to compare losses from any high point for JBBB and EUHY.
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Drawdown Indicators
| JBBB | EUHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.57% | -32.45% | +21.88% |
Max Drawdown (1Y)Largest decline over 1 year | -2.46% | -3.50% | +1.04% |
Max Drawdown (3Y)Largest decline over 3 years | -3.82% | -8.23% | +4.41% |
Max Drawdown (5Y)Largest decline over 5 years | — | -32.45% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.45% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.38% | +0.38% |
Average DrawdownAverage peak-to-trough decline | -1.58% | -8.58% | +7.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.72% | 1.46% | -0.74% |
Volatility
JBBB vs. EUHY - Volatility Comparison
The current volatility for Janus Henderson B-BBB CLO ETF (JBBB) is 0.88%, while iShares Euro High Yield Corporate Bond USD Hedged ETF (EUHY) has a volatility of 1.03%. This indicates that JBBB experiences smaller price fluctuations and is considered to be less risky than EUHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JBBB | EUHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.88% | 1.03% | -0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 2.85% | 2.89% | -0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.42% | 5.51% | -2.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.26% | 10.00% | -4.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.26% | 10.42% | -5.16% |
JBBB vs. EUHY - Expense Ratio Comparison
JBBB has a 0.49% expense ratio, which is higher than EUHY's 0.35% expense ratio.
Dividends
JBBB vs. EUHY - Dividend Comparison
JBBB's dividend yield for the trailing twelve months is around 7.12%, more than EUHY's 5.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUHY iShares Euro High Yield Corporate Bond USD Hedged ETF | 5.35% | 3.56% | 5.11% | 3.38% | 0.61% | 3.07% | 1.45% | 1.19% | 4.01% | 0.69% | 1.70% | 3.24% |
JBBB Janus Henderson B-BBB CLO ETF | 7.12% | 8.41% | 9.24% | 8.71% | 5.71% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JBBB and EUHY have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EUHY has higher volatility (1.03%) compared to JBBB (0.88%). In terms of maximum drawdown, JBBB dropped -10.57% vs EUHY's -32.45%.
On 3-year performance, JBBB leads with 10.39% vs 9.44% for EUHY. On fees, EUHY is cheaper at 0.35% per year. On volatility, JBBB has been the lower-risk option at 0.88%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, JBBB has performed better with a 10.39% return vs 9.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EUHY is cheaper with a 0.35% expense ratio, compared with 0.49% for JBBB.
JBBB has the higher dividend yield at 7.12%, compared with 5.35% for EUHY.
JBBB is categorized as CLO, while EUHY is High Yield Bonds. They also come from different issuers: Janus Henderson and iShares. Their fees differ too: 0.49% for JBBB and 0.35% for EUHY.
JBBB currently has the higher Sharpe Ratio (1.57 vs 1.00), 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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