JBBB vs. JEPI

Last updated Jun 13, 2026

JBBB (Janus Henderson B-BBB CLO ETF) and JEPI (JPMorgan Equity Premium Income ETF) are both exchange-traded funds - JBBB is a CLO fund actively managed by Janus Henderson, while JEPI is a Dividend fund actively managed by JPMorgan. Both are actively managed. Over the past 3 years, JBBB returned 10.46%/yr vs 9.13%/yr for JEPI. At a 0.16 correlation, their price movements are largely independent. JBBB charges 0.49%/yr vs 0.35%/yr for JEPI.

Performance

JBBB vs. JEPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Janus Henderson B-BBB CLO ETF (JBBB) and JPMorgan Equity Premium Income ETF (JEPI). 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 higher than JEPI's 1.29% return.

JBBB

• 1D: 0.15%
• 1M: 0.52%
• YTD: 2.03%
• 6M: 2.43%
• 1Y: 5.67%
• 3Y*: 10.46%
• 5Y*: —
• 10Y*: —

JEPI

• 1D: 0.43%
• 1M: 0.79%
• YTD: 1.29%
• 6M: 1.18%
• 1Y: 8.34%
• 3Y*: 9.13%
• 5Y*: 7.45%
• 10Y*: —

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

JBBB vs. JEPI - 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%
JEPI JPMorgan Equity Premium Income ETF	1.29%	8.09%	12.57%	9.83%	-2.53%

Correlation

The correlation between JBBB and JEPI is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.31
Correlation (3Y) Calculated over the trailing 3-year period	0.21
Correlation (All Time) Calculated using the full available price history since Jan 12, 2022	0.16

The correlation between JBBB and JEPI shifts across timeframes, from 0.16 (all time) to 0.31 (1 year), reflecting how their relationship changes across market environments.

JBBB vs. JEPI - Sectors Allocation Comparison

Sectors	JBBB	JEPI
Financial Services	4.2%	9.8%
Basic Materials	-	1.9%
Communication Services	-	6.9%
Consumer Cyclical	-	11.7%
Consumer Defensive	-	9.6%
Energy	-	3.5%
Healthcare	-	14.1%
Industrials	-	13.8%
Real Estate	-	3.5%
Technology	-	19.1%
Utilities	-	6.2%

Return for Risk

JBBB vs. JEPI — 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

JEPI

JEPI Risk / Return Rank: 28
JEPI Sharpe Ratio Rank: 30
JEPI Sortino Ratio Rank: 29
JEPI Omega Ratio Rank: 28
JEPI Calmar Ratio Rank: 27
JEPI Martin Ratio Rank: 28

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. JEPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Janus Henderson B-BBB CLO ETF (JBBB) and JPMorgan Equity Premium Income ETF (JEPI). 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	JEPI	Difference
Sharpe ratio: Return per unit of total volatility	1.58	0.95	+0.63
Sortino ratio: Return per unit of downside risk	2.52	1.42	+1.10
Omega ratio: Gain probability vs. loss probability	1.34	1.17	+0.16
Calmar ratio: Return relative to maximum drawdown	2.21	1.14	+1.07
Martin ratio: Return relative to average drawdown	7.50	3.46	+4.04

JBBB vs. JEPI - Sharpe Ratio Comparison

The current JBBB Sharpe Ratio is 1.58, which is higher than the JEPI Sharpe Ratio of 0.95. The chart below compares the historical Sharpe Ratios of JBBB and JEPI, 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. JEPI - Drawdown Comparison

The maximum JBBB drawdown since its inception was -10.57%, smaller than the maximum JEPI drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for JBBB and JEPI.

Drawdown Indicators

	JBBB	JEPI	Difference
Max Drawdown Largest peak-to-trough decline	-10.57%	-13.71%	+3.14%
Max Drawdown (1Y) Largest decline over 1 year	-2.46%	-6.68%	+4.22%
Max Drawdown (3Y) Largest decline over 3 years	-3.82%	-13.26%	+9.44%
Max Drawdown (5Y) Largest decline over 5 years	—	-13.71%	—
Current Drawdown Current decline from peak	0.00%	-3.75%	+3.75%
Average Drawdown Average peak-to-trough decline	-1.57%	-2.13%	+0.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.72%	2.20%	-1.48%

Volatility

JBBB vs. JEPI - Volatility Comparison

The current volatility for Janus Henderson B-BBB CLO ETF (JBBB) is 1.02%, while JPMorgan Equity Premium Income ETF (JEPI) has a volatility of 2.05%. This indicates that JBBB experiences smaller price fluctuations and is considered to be less risky than JEPI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JBBB	JEPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.02%	2.05%	-1.03%
Volatility (6M) Calculated over the trailing 6-month period	2.90%	6.23%	-3.33%
Volatility (1Y) Calculated over the trailing 1-year period	3.45%	8.02%	-4.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.26%	11.08%	-5.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.26%	10.79%	-5.53%

JBBB vs. JEPI - Expense Ratio Comparison

JBBB has a 0.49% expense ratio, which is higher than JEPI's 0.35% expense ratio.

Dividends

JBBB vs. JEPI - Dividend Comparison

JBBB's dividend yield for the trailing twelve months is around 7.11%, less than JEPI's 8.18% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
JBBB Janus Henderson B-BBB CLO ETF	7.11%	8.41%	9.24%	8.71%	5.71%	0.00%	0.00%
JEPI JPMorgan Equity Premium Income ETF	8.18%	8.25%	7.33%	8.40%	11.68%	6.59%	5.79%

Frequently Asked Questions

Can I hold both JBBB and JEPI in my portfolio?

JBBB and JEPI have a correlation of 0.31, 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 JEPI?

JEPI has higher volatility (2.05%) compared to JBBB (1.02%). In terms of maximum drawdown, JBBB dropped -10.57% vs JEPI's -13.71%.

Which ETF is better, JBBB or JEPI?

On 3-year performance, JBBB leads with 10.46% vs 9.13% for JEPI. On fees, JEPI is cheaper at 0.35% 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 JEPI?

Over the 3-year period, JBBB has performed better with a 10.46% return vs 9.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JBBB or JEPI?

JEPI is cheaper with a 0.35% expense ratio, compared with 0.49% for JBBB.

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

JEPI has the higher dividend yield at 8.18%, compared with 7.11% for JBBB.

What is the main difference between JBBB and JEPI?

JBBB is categorized as CLO, while JEPI is Dividend. They also come from different issuers: Janus Henderson and JPMorgan. Their fees differ too: 0.49% for JBBB and 0.35% for JEPI.

Which has better risk-adjusted returns?

JBBB currently has the higher Sharpe Ratio (1.58 vs 0.95), 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.