JIII vs. AINP

Last updated Aug 2, 2026

JIII (Janus Henderson Income ETF) and AINP (Allspring Income Plus ETF) are both Multisector Bonds funds. Both are actively managed. Over the past year, JIII returned 4.50% vs 3.52% for AINP. Their 0.72 correlation means they have sometimes moved together and sometimes differently. JIII charges 0.54%/yr vs 0.36%/yr for AINP.

Performance

JIII vs. AINP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Janus Henderson Income ETF (JIII) and Allspring Income Plus ETF (AINP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JIII achieves a 1.19% return, which is significantly higher than AINP's 0.85% return.

JIII

• 1D: -0.24%
• 1M: -0.68%
• 6M: 0.79%
• YTD: 1.19%
• 1Y: 4.50%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 5.82%

AINP

• 1D: -0.18%
• 1M: -0.93%
• 6M: 0.35%
• YTD: 0.85%
• 1Y: 3.52%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 4.25%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AINP Allspring Income Plus ETF	$155.19K	$151.21K	$205.79K
JIII Janus Henderson Income ETF	$478.34K	$580.04K	$761.47K

JIII vs. AINP - Yearly Performance Comparison

	2026 (YTD)	2025	2024
JIII Janus Henderson Income ETF	1.19%	8.28%	-0.60%
AINP Allspring Income Plus ETF	0.85%	7.53%	-1.22%

Correlation

The correlation between JIII and AINP is 0.71, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.71
Correlation (All Time) Calculated using the full available price history since Dec 5, 2024	0.72

The correlation between JIII and AINP has been stable across timeframes, ranging from 0.71 to 0.72 - a consistent structural relationship.

Return for Risk

JIII vs. AINP — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

JIII

JIII Risk / Return Rank: 61
JIII Sharpe Ratio Rank: 57
JIII Sortino Ratio Rank: 58
JIII Omega Ratio Rank: 61
JIII Calmar Ratio Rank: 62
JIII Martin Ratio Rank: 66

AINP

AINP Risk / Return Rank: 53
AINP Sharpe Ratio Rank: 53
AINP Sortino Ratio Rank: 56
AINP Omega Ratio Rank: 55
AINP Calmar Ratio Rank: 47
AINP Martin Ratio Rank: 55

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

JIII vs. AINP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Income ETF (JIII) and Allspring Income Plus ETF (AINP). 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	AINP	Difference
Sharpe ratio: Return per unit of total volatility	1.36	1.29	+0.08
Sortino ratio: Return per unit of downside risk	1.99	1.96	+0.03
Omega ratio: Gain probability vs. loss probability	1.27	1.24	+0.02
Calmar ratio: Return relative to maximum drawdown	2.20	1.68	+0.52
Martin ratio: Return relative to average drawdown	7.99	6.49	+1.50

JIII vs. AINP - Sharpe Ratio Comparison

The current JIII Sharpe Ratio is 1.36, which is comparable to the AINP Sharpe Ratio of 1.29. The chart below compares the historical Sharpe Ratios of JIII and AINP, 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. AINP - Drawdown Comparison

The maximum JIII drawdown since its inception was -3.55%, which is greater than AINP's maximum drawdown of -2.61%. Use the drawdown chart below to compare losses from any high point for JIII and AINP.

Drawdown Indicators

	JIII	AINP	Difference
Max Drawdown Largest peak-to-trough decline	-3.55%	-2.61%	-0.94%
Max Drawdown (1Y) Largest decline over 1 year	-2.27%	-2.51%	+0.24%
Current Drawdown Current decline from peak	-0.85%	-1.05%	+0.20%
Average Drawdown Average peak-to-trough decline	-0.49%	-0.46%	-0.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.62%	0.65%	-0.03%

Volatility

JIII vs. AINP - Volatility Comparison

Janus Henderson Income ETF (JIII) and Allspring Income Plus ETF (AINP) have volatilities of 0.83% and 0.83%, 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

	JIII	AINP	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.83%	0.83%	0.00%
Volatility (6M) Calculated over the trailing 6-month period	2.96%	2.58%	+0.38%
Volatility (1Y) Calculated over the trailing 1-year period	3.66%	3.28%	+0.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.93%	3.58%	+0.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.93%	3.58%	+0.35%

JIII vs. AINP - Expense Ratio Comparison

JIII has a 0.54% expense ratio, which is higher than AINP's 0.36% expense ratio.

Dividends

JIII vs. AINP - Dividend Comparison

JIII's dividend yield for the trailing twelve months is around 7.92%, more than AINP's 5.87% yield.

Position	TTM	2025	2024
AINP Allspring Income Plus ETF	5.87%	5.03%	0.47%
JIII Janus Henderson Income ETF	7.35%	7.33%	0.44%

Frequently Asked Questions

Can I hold both JIII and AINP in my portfolio?

JIII and AINP have a correlation of 0.71, 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 AINP?

AINP has higher volatility (0.83%) compared to JIII (0.83%). In terms of maximum drawdown, JIII dropped -3.55% vs AINP's -2.61%.

Which ETF is better, JIII or AINP?

On 1-year performance, JIII leads with 4.50% vs 3.52% for AINP. On fees, AINP is cheaper at 0.36% 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, JIII or AINP?

Over the 1-year period, JIII has performed better with a 4.50% return vs 3.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JIII or AINP?

AINP is cheaper with a 0.36% expense ratio, compared with 0.54% for JIII.

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

JIII has the higher dividend yield at 7.35%, compared with 5.87% for AINP.

What is the main difference between JIII and AINP?

They also come from different issuers: Janus Henderson and Allspring. Their fees differ too: 0.54% for JIII and 0.36% for AINP.

Which has better risk-adjusted returns?

JIII currently has the higher Sharpe Ratio (1.36 vs 1.29), 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.