JBBB vs. XCCC

Last updated Jun 25, 2026

JBBB (Janus Henderson B-BBB CLO ETF) and XCCC (BondBloxx CCC Rated USD High Yield Corporate Bond ETF) are both exchange-traded funds - JBBB is a CLO fund actively managed by Janus Henderson, while XCCC is a High Yield Bonds fund tracking the ICE BofA CCC and Lower US High Yield Constrained Index. JBBB is actively managed, while XCCC is passively managed. Over the past 3 years, JBBB returned 9.06%/yr vs 10.29%/yr for XCCC. At a 0.15 correlation, their price movements are largely independent. JBBB charges 0.49%/yr vs 0.40%/yr for XCCC.

Performance

JBBB vs. XCCC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Janus Henderson B-BBB CLO ETF (JBBB) and BondBloxx CCC Rated USD High Yield Corporate Bond ETF (XCCC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JBBB achieves a 2.10% return, which is significantly higher than XCCC's 0.07% return.

JBBB

• 1D: 0.42%
• 1M: 0.59%
• YTD: 2.10%
• 6M: 2.18%
• 1Y: 4.97%
• 3Y*: 9.06%
• 5Y*: —
• 10Y*: —

XCCC

• 1D: -0.15%
• 1M: 0.55%
• YTD: 0.07%
• 6M: -0.02%
• 1Y: 4.67%
• 3Y*: 10.29%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

JBBB vs. XCCC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
JBBB Janus Henderson B-BBB CLO ETF	2.10%	4.40%	10.72%	16.91%	0.74%
XCCC BondBloxx CCC Rated USD High Yield Corporate Bond ETF	0.07%	7.25%	13.01%	20.57%	-4.80%

Correlation

The correlation between JBBB and XCCC is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.36
Correlation (3Y) Calculated over the trailing 3-year period	0.20
Correlation (All Time) Calculated using the full available price history since May 26, 2022	0.15

Over the past year, JBBB and XCCC have become more correlated (0.36) than their long-term average of 0.15, meaning their price movements have been converging.

Return for Risk

JBBB vs. XCCC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JBBB

JBBB Risk / Return Rank: 47
JBBB Sharpe Ratio Rank: 44
JBBB Sortino Ratio Rank: 51
JBBB Omega Ratio Rank: 53
JBBB Calmar Ratio Rank: 45
JBBB Martin Ratio Rank: 45

XCCC

XCCC Risk / Return Rank: 25
XCCC Sharpe Ratio Rank: 27
XCCC Sortino Ratio Rank: 25
XCCC Omega Ratio Rank: 25
XCCC Calmar Ratio Rank: 22
XCCC Martin Ratio Rank: 25

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. XCCC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Janus Henderson B-BBB CLO ETF (JBBB) and BondBloxx CCC Rated USD High Yield Corporate Bond ETF (XCCC). 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	XCCC	Difference
Sharpe ratio: Return per unit of total volatility	1.41	0.89	+0.52
Sortino ratio: Return per unit of downside risk	2.25	1.30	+0.95
Omega ratio: Gain probability vs. loss probability	1.30	1.16	+0.14
Calmar ratio: Return relative to maximum drawdown	2.03	0.92	+1.11
Martin ratio: Return relative to average drawdown	6.80	3.04	+3.76

JBBB vs. XCCC - Sharpe Ratio Comparison

The current JBBB Sharpe Ratio is 1.41, which is higher than the XCCC Sharpe Ratio of 0.89. The chart below compares the historical Sharpe Ratios of JBBB and XCCC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

JBBB vs. XCCC - Drawdown Comparison

The maximum JBBB drawdown since its inception was -10.79%, roughly equal to the maximum XCCC drawdown of -10.99%. Use the drawdown chart below to compare losses from any high point for JBBB and XCCC.

Drawdown Indicators

	JBBB	XCCC	Difference
Max Drawdown Largest peak-to-trough decline	-10.79%	-10.99%	+0.20%
Max Drawdown (1Y) Largest decline over 1 year	-2.46%	-5.11%	+2.65%
Max Drawdown (3Y) Largest decline over 3 years	-4.35%	-10.99%	+6.64%
Current Drawdown Current decline from peak	-0.52%	-0.93%	+0.41%
Average Drawdown Average peak-to-trough decline	-1.69%	-1.91%	+0.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.73%	1.54%	-0.81%

Volatility

JBBB vs. XCCC - Volatility Comparison

Janus Henderson B-BBB CLO ETF (JBBB) and BondBloxx CCC Rated USD High Yield Corporate Bond ETF (XCCC) have volatilities of 1.35% and 1.39%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JBBB	XCCC	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.35%	1.39%	-0.04%
Volatility (6M) Calculated over the trailing 6-month period	3.02%	4.10%	-1.08%
Volatility (1Y) Calculated over the trailing 1-year period	3.54%	5.29%	-1.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.21%	8.78%	-3.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.21%	8.78%	-3.57%

JBBB vs. XCCC - Expense Ratio Comparison

JBBB has a 0.49% expense ratio, which is higher than XCCC's 0.40% expense ratio.

Dividends

JBBB vs. XCCC - Dividend Comparison

JBBB's dividend yield for the trailing twelve months is around 6.67%, less than XCCC's 10.04% yield.

Position	TTM	2025	2024	2023	2022
JBBB Janus Henderson B-BBB CLO ETF	6.67%	7.41%	7.65%	8.10%	5.03%
XCCC BondBloxx CCC Rated USD High Yield Corporate Bond ETF	10.04%	10.06%	10.68%	12.05%	7.63%

Frequently Asked Questions

Can I hold both JBBB and XCCC in my portfolio?

JBBB and XCCC have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JBBB or XCCC?

XCCC has higher volatility (1.39%) compared to JBBB (1.35%). In terms of maximum drawdown, JBBB dropped -10.79% vs XCCC's -10.99%.

Which ETF is better, JBBB or XCCC?

On 3-year performance, XCCC leads with 10.29% vs 9.06% for JBBB. On fees, XCCC is cheaper at 0.40% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JBBB or XCCC?

Over the 3-year period, XCCC has performed better with a 10.29% return vs 9.06%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JBBB or XCCC?

XCCC is cheaper with a 0.40% expense ratio, compared with 0.49% for JBBB.

Which ETF pays a higher dividend yield, JBBB or XCCC?

XCCC has the higher dividend yield at 10.04%, compared with 6.67% for JBBB.

What is the main difference between JBBB and XCCC?

JBBB is categorized as CLO, while XCCC is High Yield Bonds. They also come from different issuers: Janus Henderson and BondBloxx. Their fees differ too: 0.49% for JBBB and 0.40% for XCCC.

Which has better risk-adjusted returns?

JBBB currently has the higher Sharpe Ratio (1.41 vs 0.89), 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.