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JBBB vs. VLUE
Performance
Return for Risk
Drawdowns
Volatility
Dividends

JBBB vs. VLUE

Last updated Jun 9, 2026

JBBB (Janus Henderson B-BBB CLO ETF) and VLUE (iShares Edge MSCI USA Value Factor ETF) are both exchange-traded funds - JBBB is a CLO fund actively managed by Janus Henderson, while VLUE is a Large Cap Value Equities fund tracking the MSCI USA Value Weighted Index. JBBB is actively managed, while VLUE is passively managed. Over the past 3 years, JBBB returned 10.39%/yr vs 31.74%/yr for VLUE. At a 0.16 correlation, their price movements are largely independent. JBBB charges 0.49%/yr vs 0.15%/yr for VLUE.

Performance

JBBB vs. VLUE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Janus Henderson B-BBB CLO ETF (JBBB) and iShares Edge MSCI USA Value Factor ETF (VLUE). 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 1.88% return, which is significantly lower than VLUE's 43.65% return.

JBBB

1D
0.53%
1M
0.43%
YTD
1.88%
6M
2.28%
1Y
5.34%
3Y*
10.39%
5Y*
—
10Y*
—

VLUE

1D
1.90%
1M
7.11%
YTD
43.65%
6M
46.05%
1Y
83.03%
3Y*
31.74%
5Y*
15.73%
10Y*
15.02%
*Multi-year figures are annualized to reflect compound growth (CAGR)

JBBB vs. VLUE - Yearly Performance Comparison

2026 (YTD)2025202420232022
JBBB
Janus Henderson B-BBB CLO ETF		1.88%5.43%12.50%17.63%-5.99%
VLUE
iShares Edge MSCI USA Value Factor ETF		43.65%32.67%7.25%14.26%-17.61%

Correlation

The correlation between JBBB and VLUE is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.38

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

0.23

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

0.16

Over the past year, JBBB and VLUE have become more correlated (0.38) than their long-term average of 0.16, meaning their price movements have been converging.

JBBB vs. VLUE - Sectors Allocation Comparison

Sectors
JBBB
VLUE

Financial Services

4.2%
10.4%

Basic Materials

-

1.6%

Communication Services

-

8.3%

Consumer Cyclical

-

8.3%

Consumer Defensive

-

4.0%

Energy

-

3.2%

Healthcare

-

8.5%

Industrials

-

7.4%

Real Estate

-

1.8%

Technology

-

44.5%

Utilities

-

2.0%

Financial Services

JBBB
4.2%
VLUE
10.4%

Basic Materials

JBBB

-

VLUE
1.6%

Communication Services

JBBB

-

VLUE
8.3%

Consumer Cyclical

JBBB

-

VLUE
8.3%

Consumer Defensive

JBBB

-

VLUE
4.0%

Energy

JBBB

-

VLUE
3.2%

Healthcare

JBBB

-

VLUE
8.5%

Industrials

JBBB

-

VLUE
7.4%

Real Estate

JBBB

-

VLUE
1.8%

Technology

JBBB

-

VLUE
44.5%

Utilities

JBBB

-

VLUE
2.0%

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

iShares Edge MSCI USA Value Factor ETF

Often compared with JBBB:
JBBB vs. JAAAJBBB vs. CLOZJBBB vs. CLOBJBBB vs. SRLNJBBB vs. CLOAJBBB vs. SPHYJBBB vs. FLTR
Often compared with VLUE:
VLUE vs. AVLVVLUE vs. VLUVLUE vs. VOOVLUE vs. IUSVVLUE vs. QVALVLUE vs. SCHVVLUE vs. SCHD

Return for Risk

JBBB vs. VLUE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
JBBB
JBBB Risk / Return Rank: 5353
Overall Rank
JBBB Sharpe Ratio Rank: 5050
Sharpe Ratio Rank
JBBB Sortino Ratio Rank: 5959
Sortino Ratio Rank
JBBB Omega Ratio Rank: 6161
Omega Ratio Rank
JBBB Calmar Ratio Rank: 4848
Calmar Ratio Rank
JBBB Martin Ratio Rank: 4848
Martin Ratio Rank
VLUE
VLUE Risk / Return Rank: 9797
Overall Rank
VLUE Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
VLUE Sortino Ratio Rank: 9797
Sortino Ratio Rank
VLUE Omega Ratio Rank: 9696
Omega Ratio Rank
VLUE Calmar Ratio Rank: 9797
Calmar Ratio Rank
VLUE Martin Ratio Rank: 9797
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. VLUE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Janus Henderson B-BBB CLO ETF (JBBB) and iShares Edge MSCI USA Value Factor ETF (VLUE). 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.

JBBBVLUEDifference
Sharpe ratioReturn per unit of total volatility
1.57
4.65

-3.08

Sortino ratioReturn per unit of downside risk
2.51
5.85

-3.33

Omega ratioGain probability vs. loss probability

1.34

1.79

-0.45

Calmar ratioReturn relative to maximum drawdown

2.18

9.24

-7.06

Martin ratioReturn relative to average drawdown

7.38

40.39

-33.00

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. VLUE - Sharpe Ratio Comparison

The current JBBB Sharpe Ratio is 1.57, which is lower than the VLUE Sharpe Ratio of 4.65. The chart below compares the historical Sharpe Ratios of JBBB and VLUE, 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

JBBBVLUEDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.57

4.65

-3.08

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.88

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.76

—

Sharpe Ratio (All Time)

Calculated using the full available price history

1.30

0.74

+0.56

Drawdowns

JBBB vs. VLUE - Drawdown Comparison

The maximum JBBB drawdown since its inception was -10.57%, smaller than the maximum VLUE drawdown of -39.47%. Use the drawdown chart below to compare losses from any high point for JBBB and VLUE.

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Drawdown Indicators

JBBBVLUEDifference

Max Drawdown

Largest peak-to-trough decline

-10.57%

-39.47%

+28.90%

Max Drawdown (1Y)

Largest decline over 1 year

-2.46%

-9.04%

+6.58%

Max Drawdown (3Y)

Largest decline over 3 years

-3.82%

-17.89%

+14.07%

Max Drawdown (5Y)

Largest decline over 5 years

—

-27.12%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-39.47%

—

Current Drawdown

Current decline from peak

0.00%

-3.99%

+3.99%

Average Drawdown

Average peak-to-trough decline

-1.58%

-6.01%

+4.43%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.72%

2.06%

-1.34%

Volatility

JBBB vs. VLUE - Volatility Comparison

The current volatility for Janus Henderson B-BBB CLO ETF (JBBB) is 0.88%, while iShares Edge MSCI USA Value Factor ETF (VLUE) has a volatility of 9.02%. This indicates that JBBB experiences smaller price fluctuations and is considered to be less risky than VLUE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

JBBBVLUEDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.88%

9.02%

-8.14%

Volatility (6M)

Calculated over the trailing 6-month period

2.85%

14.83%

-11.98%

Volatility (1Y)

Calculated over the trailing 1-year period

3.42%

17.97%

-14.55%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

5.26%

17.91%

-12.65%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

5.26%

19.88%

-14.62%

JBBB vs. VLUE - Expense Ratio Comparison

JBBB has a 0.49% expense ratio, which is higher than VLUE's 0.15% expense ratio.

Dividends

JBBB vs. VLUE - Dividend Comparison

JBBB's dividend yield for the trailing twelve months is around 7.12%, more than VLUE's 1.45% yield.

PositionTTM20252024202320222021202020192018201720162015
JBBB
Janus Henderson B-BBB CLO ETF		7.12%8.41%9.24%8.71%5.71%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
VLUE
iShares Edge MSCI USA Value Factor ETF		1.45%2.11%2.73%2.66%3.18%2.22%2.42%2.61%2.70%2.14%2.07%2.39%

Frequently Asked Questions

JBBB and VLUE have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

VLUE has higher volatility (9.02%) compared to JBBB (0.88%). In terms of maximum drawdown, JBBB dropped -10.57% vs VLUE's -39.47%.

On 3-year performance, VLUE leads with 31.74% vs 10.39% for JBBB. On fees, VLUE is cheaper at 0.15% per year. On volatility, JBBB has been the lower-risk option at 0.88%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 3-year period, VLUE has performed better with a 31.74% return vs 10.39%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

VLUE is cheaper with a 0.15% expense ratio, compared with 0.49% for JBBB.

JBBB has the higher dividend yield at 7.12%, compared with 1.45% for VLUE.

JBBB is categorized as CLO, while VLUE is Large Cap Value Equities. They also come from different issuers: Janus Henderson and iShares. Their fees differ too: 0.49% for JBBB and 0.15% for VLUE.

VLUE currently has the higher Sharpe Ratio (4.65 vs 1.57), 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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