JIII vs. BLUI

Last updated Jun 23, 2026

JIII (Janus Henderson Income ETF) and BLUI (Bluemonte Diversified Income ETF) are both Multisector Bonds funds. Over the past year, JIII returned 6.67% vs 7.02% for BLUI. A 0.63 correlation means they provide meaningful diversification when combined. JIII charges 0.54%/yr vs 0.75%/yr for BLUI.

Performance

JIII vs. BLUI - Performance Comparison

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

Returns By Period

In the year-to-date period, JIII achieves a 1.60% return, which is significantly lower than BLUI's 3.31% return.

JIII

• 1D: -0.15%
• 1M: 1.10%
• YTD: 1.60%
• 6M: 1.88%
• 1Y: 6.67%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BLUI

• 1D: -0.01%
• 1M: -0.30%
• YTD: 3.31%
• 6M: 3.52%
• 1Y: 7.02%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JIII vs. BLUI - Yearly Performance Comparison

	2026 (YTD)	2025
JIII Janus Henderson Income ETF	1.60%	4.99%
BLUI Bluemonte Diversified Income ETF	3.31%	3.60%

Correlation

The correlation between JIII and BLUI is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 23, 2025	0.63

Return for Risk

JIII vs. BLUI — Risk / Return Rank

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

JIII

JIII Risk / Return Rank: 61
JIII Sharpe Ratio Rank: 56
JIII Sortino Ratio Rank: 59
JIII Omega Ratio Rank: 64
JIII Calmar Ratio Rank: 62
JIII Martin Ratio Rank: 64

BLUI

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. BLUI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Income ETF (JIII) and Bluemonte Diversified Income ETF (BLUI). 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	BLUI	Difference
Sharpe ratio: Return per unit of total volatility	1.84	—	—
Sortino ratio: Return per unit of downside risk	2.71	—	—
Omega ratio: Gain probability vs. loss probability	1.37	—	—
Calmar ratio: Return relative to maximum drawdown	2.95	—	—
Martin ratio: Return relative to average drawdown	11.12	—	—

Drawdowns

JIII vs. BLUI - Drawdown Comparison

The maximum JIII drawdown since its inception was -3.55%, which is greater than BLUI's maximum drawdown of -2.43%. Use the drawdown chart below to compare losses from any high point for JIII and BLUI.

Drawdown Indicators

	JIII	BLUI	Difference
Max Drawdown Largest peak-to-trough decline	-3.55%	-2.43%	-1.12%
Max Drawdown (1Y) Largest decline over 1 year	-2.27%	-2.43%	+0.16%
Current Drawdown Current decline from peak	-0.45%	-0.46%	+0.01%
Average Drawdown Average peak-to-trough decline	-0.49%	-0.36%	-0.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.60%	—	—

Volatility

Volatility by Period

	JIII	BLUI	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.28%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.88%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.64%	3.90%	-0.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.00%	3.90%	+0.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.00%	3.90%	+0.10%

JIII vs. BLUI - Expense Ratio Comparison

JIII has a 0.54% expense ratio, which is lower than BLUI's 0.75% expense ratio.

Dividends

JIII vs. BLUI - Dividend Comparison

JIII's dividend yield for the trailing twelve months is around 7.40%, more than BLUI's 4.72% yield.

Position	TTM	2025	2024
BLUI Bluemonte Diversified Income ETF	4.72%	2.91%	0.00%
JIII Janus Henderson Income ETF	7.40%	7.33%	0.44%

Frequently Asked Questions

Can I hold both JIII and BLUI in my portfolio?

JIII and BLUI have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, JIII or BLUI?

On 1-year performance, BLUI leads with 7.02% vs 6.67% for JIII. On fees, JIII is cheaper at 0.54% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JIII or BLUI?

Over the 1-year period, BLUI has performed better with a 7.02% return vs 6.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JIII or BLUI?

JIII is cheaper with a 0.54% expense ratio, compared with 0.75% for BLUI.

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

JIII has the higher dividend yield at 7.40%, compared with 4.72% for BLUI.

What is the main difference between JIII and BLUI?

They also come from different issuers: Janus Henderson and Bluemonte. Their fees differ too: 0.54% for JIII and 0.75% for BLUI.