JBBB vs. LQD
JBBB (Janus Henderson B-BBB CLO ETF) and LQD (iShares iBoxx $ Investment Grade Corporate Bond ETF) are both exchange-traded funds - JBBB is a CLO fund actively managed by Janus Henderson, while LQD is a Corporate Bonds fund tracking the iBoxx $ Liquid Investment Grade Index. JBBB is actively managed, while LQD is passively managed. Over the past 3 years, JBBB returned 10.46%/yr vs 5.30%/yr for LQD. At a 0.09 correlation, their price movements are largely independent. JBBB charges 0.49%/yr vs 0.15%/yr for LQD.
Performance
JBBB vs. LQD - Performance Comparison
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Returns By Period
In the year-to-date period, JBBB achieves a 2.03% return, which is significantly higher than LQD's 0.82% return.
JBBB
- 1D
- 0.15%
- 1M
- 0.52%
- YTD
- 2.03%
- 6M
- 2.43%
- 1Y
- 5.67%
- 3Y*
- 10.46%
- 5Y*
- —
- 10Y*
- —
LQD
- 1D
- -0.06%
- 1M
- 0.80%
- YTD
- 0.82%
- 6M
- 1.24%
- 1Y
- 5.80%
- 3Y*
- 5.30%
- 5Y*
- -0.21%
- 10Y*
- 2.54%
JBBB vs. LQD - 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% |
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 0.82% | 7.90% | 0.86% | 9.40% | -16.33% |
Correlation
The correlation between JBBB and LQD is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2022 | 0.09 |
The correlation between JBBB and LQD shifts across timeframes, from 0.06 (3 years) to 0.24 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
JBBB vs. LQD — Risk / Return Rank
JBBB
LQD
JBBB vs. LQD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Janus Henderson B-BBB CLO ETF (JBBB) and iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD). 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 | LQD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.61 | ||
| Sortino ratioReturn per unit of downside risk | +1.09 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.17 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 2.21 | 1.55 | +0.66 |
| Martin ratioReturn relative to average drawdown | 7.50 | 4.37 | +3.13 |
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Drawdowns
JBBB vs. LQD - Drawdown Comparison
The maximum JBBB drawdown since its inception was -10.57%, smaller than the maximum LQD drawdown of -24.95%. Use the drawdown chart below to compare losses from any high point for JBBB and LQD.
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Drawdown Indicators
| JBBB | LQD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.57% | -24.95% | +14.38% |
Max Drawdown (1Y)Largest decline over 1 year | -2.46% | -3.34% | +0.88% |
Max Drawdown (3Y)Largest decline over 3 years | -3.82% | -8.43% | +4.61% |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.95% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -24.95% | — |
Current DrawdownCurrent decline from peak | 0.00% | -3.37% | +3.37% |
Average DrawdownAverage peak-to-trough decline | -1.57% | -3.99% | +2.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.72% | 1.19% | -0.47% |
Volatility
JBBB vs. LQD - Volatility Comparison
The current volatility for Janus Henderson B-BBB CLO ETF (JBBB) is 1.02%, while iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) has a volatility of 1.78%. This indicates that JBBB experiences smaller price fluctuations and is considered to be less risky than LQD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JBBB | LQD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.02% | 1.78% | -0.76% |
Volatility (6M)Calculated over the trailing 6-month period | 2.90% | 4.02% | -1.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.45% | 5.37% | -1.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.26% | 8.65% | -3.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.26% | 8.69% | -3.43% |
JBBB vs. LQD - Expense Ratio Comparison
JBBB has a 0.49% expense ratio, which is higher than LQD's 0.15% expense ratio.
Dividends
JBBB vs. LQD - Dividend Comparison
JBBB's dividend yield for the trailing twelve months is around 7.11%, more than LQD's 4.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JBBB Janus Henderson B-BBB CLO ETF | 7.11% | 8.41% | 9.24% | 8.71% | 5.71% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 4.55% | 4.48% | 4.45% | 3.99% | 3.30% | 2.30% | 2.66% | 3.29% | 3.67% | 3.10% | 3.34% | 3.47% |
Frequently Asked Questions
JBBB and LQD have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LQD has higher volatility (1.78%) compared to JBBB (1.02%). In terms of maximum drawdown, JBBB dropped -10.57% vs LQD's -24.95%.
On 3-year performance, JBBB leads with 10.46% vs 5.30% for LQD. On fees, LQD is cheaper at 0.15% 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.
Over the 3-year period, JBBB has performed better with a 10.46% return vs 5.30%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
LQD is cheaper with a 0.15% expense ratio, compared with 0.49% for JBBB.
JBBB has the higher dividend yield at 7.11%, compared with 4.55% for LQD.
JBBB is categorized as CLO, while LQD is Corporate Bonds. They also come from different issuers: Janus Henderson and iShares. Their fees differ too: 0.49% for JBBB and 0.15% for LQD.
JBBB currently has the higher Sharpe Ratio (1.58 vs 0.97), 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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