JBBB vs. VRP
Compare and contrast key facts about Janus Henderson B-BBB CLO ETF (JBBB) and Invesco Variable Rate Preferred ETF (VRP).
JBBB and VRP 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. VRP is a passively managed fund by Invesco that tracks the performance of the Wells Fargo Hybrid and Preferred Securities Floating and Variable Rate Index. It was launched on May 1, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JBBB or VRP.
Key characteristics
| JBBB | VRP | |
|---|---|---|
| YTD Return | 9.38% | 10.92% |
| 1Y Return | 14.80% | 16.76% |
| Sharpe Ratio | 6.03 | 3.57 |
| Sortino Ratio | 10.11 | 5.39 |
| Omega Ratio | 3.35 | 1.74 |
| Calmar Ratio | 9.49 | 2.92 |
| Martin Ratio | 57.34 | 37.33 |
| Ulcer Index | 0.26% | 0.44% |
| Daily Std Dev | 2.46% | 4.64% |
| Max Drawdown | -10.79% | -46.04% |
| Current Drawdown | -0.11% | -0.23% |
Correlation
The correlation between JBBB and VRP is 0.13, 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.
Performance
JBBB vs. VRP - Performance Comparison
In the year-to-date period, JBBB achieves a 9.38% return, which is significantly lower than VRP's 10.92% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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JBBB vs. VRP - Expense Ratio Comparison
JBBB has a 0.49% expense ratio, which is lower than VRP's 0.50% expense ratio.
Risk-Adjusted Performance
JBBB vs. VRP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Janus Henderson B-BBB CLO ETF (JBBB) and Invesco Variable Rate Preferred ETF (VRP). 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.
Dividends
JBBB vs. VRP - Dividend Comparison
JBBB's dividend yield for the trailing twelve months is around 7.72%, more than VRP's 5.95% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
JBBB Janus Henderson B-BBB CLO ETF | 7.72% | 8.10% | 5.03% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VRP Invesco Variable Rate Preferred ETF | 5.95% | 6.61% | 5.38% | 4.26% | 4.18% | 5.15% | 5.28% | 4.68% | 5.10% | 5.02% | 3.04% |
Drawdowns
JBBB vs. VRP - Drawdown Comparison
The maximum JBBB drawdown since its inception was -10.79%, smaller than the maximum VRP drawdown of -46.04%. Use the drawdown chart below to compare losses from any high point for JBBB and VRP. For additional features, visit the drawdowns tool.
Volatility
JBBB vs. VRP - Volatility Comparison
The current volatility for Janus Henderson B-BBB CLO ETF (JBBB) is 0.64%, while Invesco Variable Rate Preferred ETF (VRP) has a volatility of 1.08%. This indicates that JBBB experiences smaller price fluctuations and is considered to be less risky than VRP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.