JCL0.DE vs. CII

Last updated Jun 5, 2026

JCL0.DE (Janus Henderson EUR AAA CLO Active Core UCITS ETF EUR Acc) and CII (BlackRock Enhanced Large Cap Core Fund) are both funds - JCL0.DE is a CLO fund actively managed by Janus Henderson, while CII is a Derivative Income fund actively managed by BlackRock. Both are actively managed. Over the past year, JCL0.DE returned 3.17% vs 42.03% for CII. At a 0.11 correlation, their price movements are largely independent. JCL0.DE charges 0.25%/yr vs 0.91%/yr for CII.

Performance

JCL0.DE vs. CII - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Janus Henderson EUR AAA CLO Active Core UCITS ETF EUR Acc (JCL0.DE) and BlackRock Enhanced Large Cap Core Fund (CII). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

JCL0.DE is traded in EUR, while CII is traded in USD. To make them comparable, the CII values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, JCL0.DE achieves a 1.30% return, which is significantly lower than CII's 11.94% return.

JCL0.DE

• 1D: 0.09%
• 1M: 0.43%
• YTD: 1.30%
• 6M: 1.52%
• 1Y: 3.17%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CII

• 1D: -0.93%
• 1M: 4.53%
• YTD: 11.94%
• 6M: 14.40%
• 1Y: 42.03%
• 3Y*: 20.41%
• 5Y*: 15.53%
• 10Y*: 14.91%

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

JCL0.DE vs. CII - Yearly Performance Comparison

	2026 (YTD)	2025	2024
JCL0.DE Janus Henderson EUR AAA CLO Active Core UCITS ETF EUR Acc	1.30%	3.57%	0.07%
CII BlackRock Enhanced Large Cap Core Fund	11.94%	21.43%	0.77%

Correlation

The correlation between JCL0.DE and CII is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.15
Correlation (All Time) Calculated using the full available price history since Dec 24, 2024	0.11

Return for Risk

JCL0.DE vs. CII — Risk / Return Rank

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

JCL0.DE

JCL0.DE Risk / Return Rank: 95
JCL0.DE Sharpe Ratio Rank: 92
JCL0.DE Sortino Ratio Rank: 96
JCL0.DE Omega Ratio Rank: 96
JCL0.DE Calmar Ratio Rank: 94
JCL0.DE Martin Ratio Rank: 96

CII

CII Risk / Return Rank: 83
CII Sharpe Ratio Rank: 89
CII Sortino Ratio Rank: 81
CII Omega Ratio Rank: 76
CII Calmar Ratio Rank: 83
CII Martin Ratio Rank: 84

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.

JCL0.DE vs. CII - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Janus Henderson EUR AAA CLO Active Core UCITS ETF EUR Acc (JCL0.DE) and BlackRock Enhanced Large Cap Core Fund (CII). 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.

	JCL0.DE	CII	Difference
Sharpe ratio: Return per unit of total volatility	3.27	2.67	+0.59
Sortino ratio: Return per unit of downside risk	5.59	3.43	+2.17
Omega ratio: Gain probability vs. loss probability	1.77	1.45	+0.32
Calmar ratio: Return relative to maximum drawdown	6.95	3.93	+3.01
Martin ratio: Return relative to average drawdown	37.63	13.75	+23.88
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JCL0.DE vs. CII - Sharpe Ratio Comparison

The current JCL0.DE Sharpe Ratio is 3.27, which is comparable to the CII Sharpe Ratio of 2.67. The chart below compares the historical Sharpe Ratios of JCL0.DE and CII, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	JCL0.DE	CII	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.27	2.67	+0.59
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.91	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.79	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.71	0.55	+2.15

Drawdowns

JCL0.DE vs. CII - Drawdown Comparison

The maximum JCL0.DE drawdown since its inception was -0.70%, smaller than the maximum CII drawdown of -49.83%. Use the drawdown chart below to compare losses from any high point for JCL0.DE and CII.

Drawdown Indicators

	JCL0.DE	CII	Difference
Max Drawdown Largest peak-to-trough decline	-0.70%	-49.83%	+49.13%
Max Drawdown (1Y) Largest decline over 1 year	-0.45%	-10.74%	+10.29%
Max Drawdown (3Y) Largest decline over 3 years	—	-26.35%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-26.35%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-41.14%	—
Current Drawdown Current decline from peak	0.00%	-3.42%	+3.42%
Average Drawdown Average peak-to-trough decline	-0.08%	-6.97%	+6.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.08%	3.07%	-2.99%

Volatility

JCL0.DE vs. CII - Volatility Comparison

The current volatility for Janus Henderson EUR AAA CLO Active Core UCITS ETF EUR Acc (JCL0.DE) is 0.29%, while BlackRock Enhanced Large Cap Core Fund (CII) has a volatility of 4.17%. This indicates that JCL0.DE experiences smaller price fluctuations and is considered to be less risky than CII based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JCL0.DE	CII	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.29%	4.17%	-3.88%
Volatility (6M) Calculated over the trailing 6-month period	0.79%	11.91%	-11.12%
Volatility (1Y) Calculated over the trailing 1-year period	0.97%	15.81%	-14.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.27%	17.13%	-15.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.27%	19.01%	-17.74%

JCL0.DE vs. CII - Expense Ratio Comparison

JCL0.DE has a 0.25% expense ratio, which is lower than CII's 0.91% expense ratio.

Dividends

JCL0.DE vs. CII - Dividend Comparison

JCL0.DE has not paid dividends to shareholders, while CII's dividend yield for the trailing twelve months is around 15.50%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CII BlackRock Enhanced Large Cap Core Fund	15.50%	16.65%	6.15%	6.28%	12.27%	4.98%	6.03%	5.79%	7.06%	6.07%	8.38%	8.49%
JCL0.DE Janus Henderson EUR AAA CLO Active Core UCITS ETF EUR Acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JCL0.DE and CII in my portfolio?

JCL0.DE and CII have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.