JIII vs. FIXP

Last updated Jun 23, 2026

JIII (Janus Henderson Income ETF) and FIXP (FolioBeyond Enhanced Fixed Income Premium ETF) are both Multisector Bonds funds. Both are actively managed. Over the past year, JIII returned 6.67% vs 6.30% for FIXP. At a 0.39 correlation, their price movements are largely independent. JIII charges 0.54%/yr vs 1.01%/yr for FIXP.

Performance

JIII vs. FIXP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Janus Henderson Income ETF (JIII) and FolioBeyond Enhanced Fixed Income Premium ETF (FIXP). 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 higher than FIXP's 1.37% return.

JIII

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

FIXP

• 1D: -0.42%
• 1M: 0.31%
• YTD: 1.37%
• 6M: 1.44%
• 1Y: 6.30%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JIII vs. FIXP - Yearly Performance Comparison

	2026 (YTD)	2025
JIII Janus Henderson Income ETF	1.60%	7.85%
FIXP FolioBeyond Enhanced Fixed Income Premium ETF	1.37%	4.62%

Correlation

The correlation between JIII and FIXP is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.46
Correlation (All Time) Calculated using the full available price history since Jan 23, 2025	0.39

Return for Risk

JIII vs. FIXP — 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

FIXP

FIXP Risk / Return Rank: 65
FIXP Sharpe Ratio Rank: 61
FIXP Sortino Ratio Rank: 66
FIXP Omega Ratio Rank: 67
FIXP Calmar Ratio Rank: 62
FIXP Martin Ratio Rank: 69

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. FIXP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Income ETF (JIII) and FolioBeyond Enhanced Fixed Income Premium ETF (FIXP). 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	FIXP	Difference
Sharpe ratio: Return per unit of total volatility	1.84	1.99	-0.14
Sortino ratio: Return per unit of downside risk	2.71	2.95	-0.24
Omega ratio: Gain probability vs. loss probability	1.37	1.39	-0.02
Calmar ratio: Return relative to maximum drawdown	2.95	2.96	-0.01
Martin ratio: Return relative to average drawdown	11.12	12.46	-1.34

JIII vs. FIXP - Sharpe Ratio Comparison

The current JIII Sharpe Ratio is 1.84, which is comparable to the FIXP Sharpe Ratio of 1.99. The chart below compares the historical Sharpe Ratios of JIII and FIXP, 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. FIXP - Drawdown Comparison

The maximum JIII drawdown since its inception was -3.55%, roughly equal to the maximum FIXP drawdown of -3.42%. Use the drawdown chart below to compare losses from any high point for JIII and FIXP.

Drawdown Indicators

	JIII	FIXP	Difference
Max Drawdown Largest peak-to-trough decline	-3.55%	-3.42%	-0.13%
Max Drawdown (1Y) Largest decline over 1 year	-2.27%	-2.14%	-0.13%
Current Drawdown Current decline from peak	-0.45%	-0.52%	+0.07%
Average Drawdown Average peak-to-trough decline	-0.49%	-0.53%	+0.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.60%	0.51%	+0.09%

Volatility

JIII vs. FIXP - Volatility Comparison

Janus Henderson Income ETF (JIII) and FolioBeyond Enhanced Fixed Income Premium ETF (FIXP) have volatilities of 1.28% and 1.34%, 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	FIXP	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.28%	1.34%	-0.06%
Volatility (6M) Calculated over the trailing 6-month period	2.88%	2.72%	+0.16%
Volatility (1Y) Calculated over the trailing 1-year period	3.64%	3.19%	+0.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.00%	3.86%	+0.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.00%	3.86%	+0.14%

JIII vs. FIXP - Expense Ratio Comparison

JIII has a 0.54% expense ratio, which is lower than FIXP's 1.01% expense ratio.

Dividends

JIII vs. FIXP - Dividend Comparison

JIII's dividend yield for the trailing twelve months is around 7.40%, more than FIXP's 5.38% yield.

Position	TTM	2025	2024
FIXP FolioBeyond Enhanced Fixed Income Premium ETF	5.38%	5.27%	0.00%
JIII Janus Henderson Income ETF	7.40%	7.33%	0.44%

Frequently Asked Questions

Can I hold both JIII and FIXP in my portfolio?

JIII and FIXP have a correlation of 0.46, 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 FIXP?

FIXP has higher volatility (1.34%) compared to JIII (1.28%). In terms of maximum drawdown, JIII dropped -3.55% vs FIXP's -3.42%.

Which ETF is better, JIII or FIXP?

On 1-year performance, JIII leads with 6.67% vs 6.30% for FIXP. On fees, JIII is cheaper at 0.54% 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 FIXP?

Over the 1-year period, JIII has performed better with a 6.67% return vs 6.30%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JIII or FIXP?

JIII is cheaper with a 0.54% expense ratio, compared with 1.01% for FIXP.

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

JIII has the higher dividend yield at 7.40%, compared with 5.38% for FIXP.

What is the main difference between JIII and FIXP?

They also come from different issuers: Janus Henderson and FolioBeyond. Their fees differ too: 0.54% for JIII and 1.01% for FIXP.

Which has better risk-adjusted returns?

FIXP currently has the higher Sharpe Ratio (1.99 vs 1.84), 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.