JBBB vs. FFRHX
Compare and contrast key facts about Janus Henderson B-BBB CLO ETF (JBBB) and Fidelity Floating Rate High Income Fund (FFRHX).
JBBB is an actively managed fund by Janus Henderson. It was launched on Jan 11, 2022. FFRHX is managed by Fidelity. It was launched on Aug 16, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JBBB or FFRHX.
Key characteristics
| JBBB | FFRHX | |
|---|---|---|
| YTD Return | 9.38% | 7.86% |
| 1Y Return | 14.80% | 9.86% |
| Sharpe Ratio | 6.03 | 3.83 |
| Sortino Ratio | 10.11 | 12.24 |
| Omega Ratio | 3.35 | 4.02 |
| Calmar Ratio | 9.49 | 11.41 |
| Martin Ratio | 57.34 | 60.36 |
| Ulcer Index | 0.26% | 0.16% |
| Daily Std Dev | 2.46% | 2.56% |
| Max Drawdown | -10.79% | -22.19% |
| Current Drawdown | -0.11% | 0.00% |
Correlation
The correlation between JBBB and FFRHX is 0.18, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
JBBB vs. FFRHX - Performance Comparison
In the year-to-date period, JBBB achieves a 9.38% return, which is significantly higher than FFRHX's 7.86% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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JBBB vs. FFRHX - Expense Ratio Comparison
JBBB has a 0.49% expense ratio, which is lower than FFRHX's 0.67% expense ratio.
Risk-Adjusted Performance
JBBB vs. FFRHX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Janus Henderson B-BBB CLO ETF (JBBB) and Fidelity Floating Rate High Income Fund (FFRHX). 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.
Dividends
JBBB vs. FFRHX - Dividend Comparison
JBBB's dividend yield for the trailing twelve months is around 7.72%, less than FFRHX's 8.39% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JBBB Janus Henderson B-BBB CLO ETF | 7.72% | 8.10% | 5.03% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FFRHX Fidelity Floating Rate High Income Fund | 8.39% | 8.25% | 5.06% | 3.27% | 3.85% | 5.17% | 4.75% | 4.01% | 3.94% | 4.25% | 4.00% | 3.46% |
Drawdowns
JBBB vs. FFRHX - Drawdown Comparison
The maximum JBBB drawdown since its inception was -10.79%, smaller than the maximum FFRHX drawdown of -22.19%. Use the drawdown chart below to compare losses from any high point for JBBB and FFRHX. For additional features, visit the drawdowns tool.
Volatility
JBBB vs. FFRHX - Volatility Comparison
Janus Henderson B-BBB CLO ETF (JBBB) and Fidelity Floating Rate High Income Fund (FFRHX) have volatilities of 0.64% and 0.62%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.