JBBB vs. SRLN
Compare and contrast key facts about Janus Henderson B-BBB CLO ETF (JBBB) and SPDR Blackstone Senior Loan ETF (SRLN).
JBBB and SRLN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JBBB is an actively managed fund by Janus Henderson. It was launched on Jan 11, 2022. SRLN is a passively managed fund by State Street that tracks the performance of the Markit iBoxx USD Liquid Leveraged Loan Index. It was launched on Apr 3, 2013.
Performance
JBBB vs. SRLN - Performance Comparison
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JBBB vs. SRLN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
JBBB Janus Henderson B-BBB CLO ETF | -0.81% | 5.43% | 12.50% | 17.63% | -5.99% |
SRLN SPDR Blackstone Senior Loan ETF | -1.58% | 6.77% | 8.43% | 11.62% | -5.61% |
Returns By Period
In the year-to-date period, JBBB achieves a -0.81% return, which is significantly higher than SRLN's -1.58% return.
JBBB
- 1D
- -0.05%
- 1M
- 0.25%
- YTD
- -0.81%
- 6M
- 0.58%
- 1Y
- 3.88%
- 3Y*
- 10.83%
- 5Y*
- —
- 10Y*
- —
SRLN
- 1D
- 0.55%
- 1M
- 1.20%
- YTD
- -1.58%
- 6M
- 0.17%
- 1Y
- 5.24%
- 3Y*
- 7.42%
- 5Y*
- 4.46%
- 10Y*
- 4.48%
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JBBB vs. SRLN - Expense Ratio Comparison
JBBB has a 0.49% expense ratio, which is lower than SRLN's 0.70% expense ratio.
Return for Risk
JBBB vs. SRLN — Risk / Return Rank
JBBB
SRLN
JBBB vs. SRLN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Janus Henderson B-BBB CLO ETF (JBBB) and SPDR Blackstone Senior Loan ETF (SRLN). 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 | SRLN | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.78 | 1.22 | -0.44 |
Sortino ratioReturn per unit of downside risk | 1.11 | 1.78 | -0.66 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.32 | -0.14 |
Calmar ratioReturn relative to maximum drawdown | 1.22 | 1.56 | -0.33 |
Martin ratioReturn relative to average drawdown | 5.00 | 5.67 | -0.67 |
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 | SRLN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.78 | 1.22 | -0.44 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.15 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.74 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.22 | 0.67 | +0.54 |
Correlation
The correlation between JBBB and SRLN is 0.19, 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.
Dividends
JBBB vs. SRLN - Dividend Comparison
JBBB's dividend yield for the trailing twelve months is around 8.38%, more than SRLN's 7.73% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JBBB Janus Henderson B-BBB CLO ETF | 8.38% | 8.41% | 9.24% | 8.71% | 5.71% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SRLN SPDR Blackstone Senior Loan ETF | 7.73% | 7.67% | 8.58% | 8.44% | 5.72% | 4.45% | 4.91% | 5.39% | 4.98% | 4.01% | 3.94% | 4.43% |
Drawdowns
JBBB vs. SRLN - Drawdown Comparison
The maximum JBBB drawdown since its inception was -10.57%, smaller than the maximum SRLN drawdown of -22.29%. Use the drawdown chart below to compare losses from any high point for JBBB and SRLN.
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Drawdown Indicators
| JBBB | SRLN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.57% | -22.29% | +11.72% |
Max Drawdown (1Y)Largest decline over 1 year | -3.49% | -3.31% | -0.18% |
Max Drawdown (5Y)Largest decline over 5 years | — | -7.93% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.29% | — |
Current DrawdownCurrent decline from peak | -2.01% | -1.94% | -0.07% |
Average DrawdownAverage peak-to-trough decline | -1.62% | -1.11% | -0.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.85% | 0.93% | -0.08% |
Volatility
JBBB vs. SRLN - Volatility Comparison
Janus Henderson B-BBB CLO ETF (JBBB) has a higher volatility of 1.96% compared to SPDR Blackstone Senior Loan ETF (SRLN) at 1.77%. This indicates that JBBB's price experiences larger fluctuations and is considered to be riskier than SRLN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JBBB | SRLN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.96% | 1.77% | +0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 2.60% | 2.55% | +0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.04% | 4.32% | +0.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.33% | 3.89% | +1.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.33% | 6.05% | -0.72% |