JBBB vs. SRLN
JBBB (Janus Henderson B-BBB CLO ETF) and SRLN (State Street Blackstone Senior Loan ETF) are both exchange-traded funds - JBBB is a CLO fund actively managed by Janus Henderson, while SRLN is a Bank Loan fund actively managed by State Street. Both are actively managed. Over the past 3 years, JBBB returned 7.87%/yr vs 7.15%/yr for SRLN. Their 0.20 correlation means their historical movements had little consistent relationship. JBBB charges 0.49%/yr vs 0.70%/yr for SRLN.
Performance
JBBB vs. SRLN - Performance Comparison
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Returns By Period
In the year-to-date period, JBBB achieves a 2.73% return, which is significantly higher than SRLN's 1.38% return.
JBBB
- 1D
- 0.14%
- 1M
- 0.31%
- 6M
- 1.91%
- YTD
- 2.73%
- 1Y
- 5.02%
- 3Y*
- 7.87%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.90%
SRLN
- 1D
- 0.02%
- 1M
- 0.62%
- 6M
- 2.15%
- YTD
- 1.38%
- 1Y
- 4.61%
- 3Y*
- 7.15%
- 5Y*
- 4.79%
- 10Y*
- 4.51%
- ALL TIME*
- 3.80%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $11.42M | $11.95M | $15.50M | |
| $41.26M | $48.21M | $73.40M |
JBBB vs. SRLN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
JBBB Janus Henderson B-BBB CLO ETF | 2.73% | 4.40% | 10.72% | 16.91% | -6.51% |
SRLN State Street Blackstone Senior Loan ETF | 1.38% | 6.77% | 8.43% | 11.62% | -5.55% |
Correlation
The correlation between JBBB and SRLN is 0.44, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.44 |
Correlation (3Y) Balances recent behavior with more history. | 0.26 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2022 | 0.20 |
Over the past year, JBBB and SRLN have become more correlated (0.44) than their long-term average of 0.20, meaning their price movements have been converging.
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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 State Street 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.
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 | SRLN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.32 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.90 | 1.34 | +0.56 |
| Martin ratioReturn relative to average drawdown | 6.39 | 4.95 | +1.44 |
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Drawdowns
JBBB vs. SRLN - Drawdown Comparison
The maximum JBBB drawdown since its inception was -10.79%, 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 | -10.79% | -22.29% | +11.50% |
Max Drawdown (1Y)Largest decline over 1 year | -2.46% | -3.26% | +0.80% |
Max Drawdown (3Y)Largest decline over 3 years | -4.35% | -4.26% | -0.09% |
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 | 0.00% | -0.02% | +0.02% |
Average DrawdownAverage peak-to-trough decline | -1.66% | -1.09% | -0.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.73% | 0.88% | -0.15% |
Volatility
JBBB vs. SRLN - Volatility Comparison
Janus Henderson B-BBB CLO ETF (JBBB) has a higher volatility of 0.56% compared to State Street Blackstone Senior Loan ETF (SRLN) at 0.52%. 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 | 0.56% | 0.52% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 3.06% | 2.69% | +0.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.44% | 2.94% | +0.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.16% | 3.92% | +1.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.16% | 6.06% | -0.90% |
JBBB vs. SRLN - Expense Ratio Comparison
JBBB has a 0.49% expense ratio, which is lower than SRLN's 0.70% expense ratio.
Dividends
JBBB vs. SRLN - Dividend Comparison
JBBB's dividend yield for the trailing twelve months is around 7.06%, less than SRLN's 7.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JBBB Janus Henderson B-BBB CLO ETF | 6.54% | 7.41% | 7.65% | 8.10% | 5.03% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SRLN State Street Blackstone Senior Loan ETF | 6.72% | 7.67% | 8.58% | 8.44% | 5.72% | 4.45% | 4.91% | 5.39% | 4.98% | 4.01% | 3.94% | 4.43% |
Frequently Asked Questions
JBBB and SRLN have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JBBB has higher volatility (0.56%) compared to SRLN (0.52%). In terms of maximum drawdown, JBBB dropped -10.79% vs SRLN's -22.29%.
On 3-year performance, JBBB leads with 7.87% vs 7.15% for SRLN. On fees, JBBB is cheaper at 0.49% per year. Their volatility is very similar. 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 7.87% return vs 7.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
JBBB is cheaper with a 0.49% expense ratio, compared with 0.70% for SRLN.
SRLN has the higher dividend yield at 6.72%, compared with 6.54% for JBBB.
JBBB is categorized as CLO, while SRLN is Bank Loan. They also come from different issuers: Janus Henderson and State Street. Their fees differ too: 0.49% for JBBB and 0.70% for SRLN.
SRLN currently has the higher Sharpe Ratio (1.49 vs 1.36), 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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