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JBBB vs. RPIDX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

JBBB vs. RPIDX

Last updated Jun 5, 2026

JBBB (Janus Henderson B-BBB CLO ETF) and RPIDX (T. Rowe Price Dynamic Credit Fund) are both funds - JBBB is a CLO fund actively managed by Janus Henderson, while RPIDX is a Nontraditional Bonds fund managed by T. Rowe Price. Over the past 3 years, JBBB returned 10.60%/yr vs 7.70%/yr for RPIDX. At a 0.08 correlation, their price movements are largely independent. JBBB charges 0.49%/yr vs 0.63%/yr for RPIDX.

Performance

JBBB vs. RPIDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Janus Henderson B-BBB CLO ETF (JBBB) and T. Rowe Price Dynamic Credit Fund (RPIDX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, JBBB achieves a 1.86% return, which is significantly higher than RPIDX's 0.28% return.

JBBB

1D
0.00%
1M
0.57%
YTD
1.86%
6M
2.30%
1Y
5.54%
3Y*
10.60%
5Y*
—
10Y*
—

RPIDX

1D
0.12%
1M
-0.63%
YTD
0.28%
6M
1.10%
1Y
7.26%
3Y*
7.70%
5Y*
4.38%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

JBBB vs. RPIDX - Yearly Performance Comparison

2026 (YTD)2025202420232022
JBBB
Janus Henderson B-BBB CLO ETF		1.86%5.43%12.50%17.63%-5.99%
RPIDX
T. Rowe Price Dynamic Credit Fund		0.28%9.74%9.92%4.72%1.30%

Correlation

The correlation between JBBB and RPIDX is 0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.00

Correlation (3Y)
Calculated over the trailing 3-year period

0.06

Correlation (All Time)
Calculated using the full available price history since Jan 13, 2022

0.08

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Janus Henderson B-BBB CLO ETF

T. Rowe Price Dynamic Credit Fund

Often compared with JBBB:
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Often compared with RPIDX:
RPIDX vs. TMSRXRPIDX vs. APFPXRPIDX vs. PDIRPIDX vs. QQQRPIDX vs. SCHDRPIDX vs. FNDXRPIDX vs. PTIAX

Return for Risk

JBBB vs. RPIDX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
JBBB
JBBB Risk / Return Rank: 5252
Overall Rank
JBBB Sharpe Ratio Rank: 4949
Sharpe Ratio Rank
JBBB Sortino Ratio Rank: 5757
Sortino Ratio Rank
JBBB Omega Ratio Rank: 6060
Omega Ratio Rank
JBBB Calmar Ratio Rank: 4646
Calmar Ratio Rank
JBBB Martin Ratio Rank: 4747
Martin Ratio Rank
RPIDX
RPIDX Risk / Return Rank: 7575
Overall Rank
RPIDX Sharpe Ratio Rank: 5151
Sharpe Ratio Rank
RPIDX Sortino Ratio Rank: 8484
Sortino Ratio Rank
RPIDX Omega Ratio Rank: 7575
Omega Ratio Rank
RPIDX Calmar Ratio Rank: 9393
Calmar Ratio Rank
RPIDX Martin Ratio Rank: 7373
Martin Ratio Rank
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. RPIDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Janus Henderson B-BBB CLO ETF (JBBB) and T. Rowe Price Dynamic Credit Fund (RPIDX). 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.

JBBBRPIDXDifference
Sharpe ratioReturn per unit of total volatility
1.67
2.11

-0.44

Sortino ratioReturn per unit of downside risk
2.68
4.05

-1.37

Omega ratioGain probability vs. loss probability

1.36

1.49

-0.13

Calmar ratioReturn relative to maximum drawdown

2.26

5.25

-3.00

Martin ratioReturn relative to average drawdown

7.66

13.84

-6.18

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JBBB vs. RPIDX - Sharpe Ratio Comparison

The current JBBB Sharpe Ratio is 1.67, which is comparable to the RPIDX Sharpe Ratio of 2.11. The chart below compares the historical Sharpe Ratios of JBBB and RPIDX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

JBBBRPIDXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.67

2.11

-0.44

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

1.15

—

Sharpe Ratio (All Time)

Calculated using the full available price history

1.30

1.11

+0.19

Drawdowns

JBBB vs. RPIDX - Drawdown Comparison

The maximum JBBB drawdown since its inception was -10.57%, smaller than the maximum RPIDX drawdown of -19.95%. Use the drawdown chart below to compare losses from any high point for JBBB and RPIDX.

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Drawdown Indicators

JBBBRPIDXDifference

Max Drawdown

Largest peak-to-trough decline

-10.57%

-19.95%

+9.38%

Max Drawdown (1Y)

Largest decline over 1 year

-2.46%

-1.34%

-1.12%

Max Drawdown (3Y)

Largest decline over 3 years

-3.82%

-3.17%

-0.65%

Max Drawdown (5Y)

Largest decline over 5 years

—

-7.31%

—

Current Drawdown

Current decline from peak

0.00%

-0.74%

+0.74%

Average Drawdown

Average peak-to-trough decline

-1.58%

-1.87%

+0.29%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.72%

0.51%

+0.21%

Volatility

JBBB vs. RPIDX - Volatility Comparison

The current volatility for Janus Henderson B-BBB CLO ETF (JBBB) is 0.45%, while T. Rowe Price Dynamic Credit Fund (RPIDX) has a volatility of 0.65%. This indicates that JBBB experiences smaller price fluctuations and is considered to be less risky than RPIDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

JBBBRPIDXDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.45%

0.65%

-0.20%

Volatility (6M)

Calculated over the trailing 6-month period

2.76%

2.56%

+0.20%

Volatility (1Y)

Calculated over the trailing 1-year period

3.34%

3.35%

-0.01%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

5.26%

3.83%

+1.43%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

5.26%

4.80%

+0.46%

JBBB vs. RPIDX - Expense Ratio Comparison

JBBB has a 0.49% expense ratio, which is lower than RPIDX's 0.63% expense ratio.

Dividends

JBBB vs. RPIDX - Dividend Comparison

JBBB's dividend yield for the trailing twelve months is around 7.13%, less than RPIDX's 9.92% yield.

PositionTTM2025202420232022202120202019
JBBB
Janus Henderson B-BBB CLO ETF		7.13%8.41%9.24%8.71%5.71%0.00%0.00%0.00%
RPIDX
T. Rowe Price Dynamic Credit Fund		9.92%9.91%9.20%6.64%7.97%5.34%7.14%4.41%

Frequently Asked Questions

JBBB and RPIDX have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

RPIDX has higher volatility (0.65%) compared to JBBB (0.45%). In terms of maximum drawdown, JBBB dropped -10.57% vs RPIDX's -19.95%.

RPIDX currently has the higher Sharpe Ratio (2.11 vs 1.67), 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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