JIII vs. ABI

Last updated Jul 14, 2026

JIII (Janus Henderson Income ETF) and ABI (VictoryShares Pioneer Asset-Based Income ETF) are both Multisector Bonds funds. Over the past year, JIII returned 5.69% vs 5.25% for ABI. A 0.51 correlation means they provide meaningful diversification when combined. JIII charges 0.54%/yr vs 0.65%/yr for ABI.

Performance

JIII vs. ABI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Janus Henderson Income ETF (JIII) and VictoryShares Pioneer Asset-Based Income ETF (ABI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JIII achieves a 1.43% return, which is significantly lower than ABI's 3.08% return.

JIII

• 1D: -0.34%
• 1M: 0.15%
• 6M: 1.18%
• YTD: 1.43%
• 1Y: 5.69%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ABI

• 1D: -0.04%
• 1M: 0.32%
• 6M: 2.61%
• YTD: 3.08%
• 1Y: 5.25%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JIII vs. ABI - Yearly Performance Comparison

	2026 (YTD)	2025
JIII Janus Henderson Income ETF	1.43%	4.37%
ABI VictoryShares Pioneer Asset-Based Income ETF	3.08%	2.05%

Correlation

The correlation between JIII and ABI is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.52
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025	0.51

The correlation between JIII and ABI has been stable across timeframes, ranging from 0.51 to 0.52 - a consistent structural relationship.

Return for Risk

JIII vs. ABI — Risk / Return Rank

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

JIII

JIII Risk / Return Rank: 63
JIII Sharpe Ratio Rank: 59
JIII Sortino Ratio Rank: 62
JIII Omega Ratio Rank: 65
JIII Calmar Ratio Rank: 63
JIII Martin Ratio Rank: 66

ABI

ABI Risk / Return Rank: 96
ABI Sharpe Ratio Rank: 98
ABI Sortino Ratio Rank: 98
ABI Omega Ratio Rank: 98
ABI Calmar Ratio Rank: 94
ABI Martin Ratio Rank: 91

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.

JIII vs. ABI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Income ETF (JIII) and VictoryShares Pioneer Asset-Based Income ETF (ABI). 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.

	JIII	ABI	Difference
Sharpe ratio: Return per unit of total volatility	1.57	4.13	-2.56
Sortino ratio: Return per unit of downside risk	2.29	6.28	-3.99
Omega ratio: Gain probability vs. loss probability	1.31	2.01	-0.70
Calmar ratio: Return relative to maximum drawdown	2.52	5.55	-3.02
Martin ratio: Return relative to average drawdown	9.44	16.81	-7.37

JIII vs. ABI - Sharpe Ratio Comparison

The current JIII Sharpe Ratio is 1.57, which is lower than the ABI Sharpe Ratio of 4.13. The chart below compares the historical Sharpe Ratios of JIII and ABI, 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

JIII vs. ABI - Drawdown Comparison

The maximum JIII drawdown since its inception was -3.55%, which is greater than ABI's maximum drawdown of -0.95%. Use the drawdown chart below to compare losses from any high point for JIII and ABI.

Drawdown Indicators

	JIII	ABI	Difference
Max Drawdown Largest peak-to-trough decline	-3.55%	-0.95%	-2.60%
Max Drawdown (1Y) Largest decline over 1 year	-2.27%	-0.95%	-1.32%
Current Drawdown Current decline from peak	-0.61%	-0.05%	-0.56%
Average Drawdown Average peak-to-trough decline	-0.48%	-0.17%	-0.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.60%	0.31%	+0.29%

Volatility

JIII vs. ABI - Volatility Comparison

Janus Henderson Income ETF (JIII) has a higher volatility of 1.25% compared to VictoryShares Pioneer Asset-Based Income ETF (ABI) at 0.35%. This indicates that JIII's price experiences larger fluctuations and is considered to be riskier than ABI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JIII	ABI	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.25%	0.35%	+0.90%
Volatility (6M) Calculated over the trailing 6-month period	2.91%	0.81%	+2.10%
Volatility (1Y) Calculated over the trailing 1-year period	3.65%	1.28%	+2.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.97%	1.26%	+2.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.97%	1.26%	+2.71%

JIII vs. ABI - Expense Ratio Comparison

JIII has a 0.54% expense ratio, which is lower than ABI's 0.65% expense ratio.

Dividends

JIII vs. ABI - Dividend Comparison

JIII's dividend yield for the trailing twelve months is around 7.41%, more than ABI's 6.21% yield.

Position	TTM	2025	2024
ABI VictoryShares Pioneer Asset-Based Income ETF	6.21%	3.01%	0.00%
JIII Janus Henderson Income ETF	7.41%	7.33%	0.44%

Frequently Asked Questions

Can I hold both JIII and ABI in my portfolio?

JIII and ABI have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JIII or ABI?

JIII has higher volatility (1.25%) compared to ABI (0.35%). In terms of maximum drawdown, JIII dropped -3.55% vs ABI's -0.95%.

Which ETF is better, JIII or ABI?

On 1-year performance, JIII leads with 5.69% vs 5.25% for ABI. On fees, JIII is cheaper at 0.54% per year. On volatility, ABI has been the lower-risk option at 0.35%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JIII or ABI?

Over the 1-year period, JIII has performed better with a 5.69% return vs 5.25%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JIII or ABI?

JIII is cheaper with a 0.54% expense ratio, compared with 0.65% for ABI.

Which ETF pays a higher dividend yield, JIII or ABI?

JIII has the higher dividend yield at 7.41%, compared with 6.21% for ABI.

What is the main difference between JIII and ABI?

They also come from different issuers: Janus Henderson and VictoryShares. Their fees differ too: 0.54% for JIII and 0.65% for ABI.

Which has better risk-adjusted returns?

ABI currently has the higher Sharpe Ratio (4.13 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.