JIII vs. JOJO

Last updated Aug 2, 2026

JIII (Janus Henderson Income ETF) and JOJO (ATAC Credit Rotation ETF) are both Multisector Bonds funds. Both are actively managed. Over the past year, JIII returned 4.50% vs 1.54% for JOJO. Their 0.61 correlation means they have sometimes moved together and sometimes differently. JIII charges 0.54%/yr vs 1.28%/yr for JOJO.

Performance

JIII vs. JOJO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Janus Henderson Income ETF (JIII) and ATAC Credit Rotation ETF (JOJO). 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 JOJO's -1.01% return.

JIII

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

JOJO

• 1D: -0.72%
• 1M: -2.91%
• 6M: -2.00%
• YTD: -1.01%
• 1Y: 1.54%
• 3Y*: 5.69%
• 5Y*: -1.36%
• 10Y*: —
• ALL TIME*: -1.27%

*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)
JIII Janus Henderson Income ETF	$478.34K	$580.04K	$761.47K
JOJO ATAC Credit Rotation ETF	$106.29K	$171.00K	$102.70K

JIII vs. JOJO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
JIII Janus Henderson Income ETF	1.19%	8.28%	0.54%
JOJO ATAC Credit Rotation ETF	-1.01%	10.52%	3.10%

Correlation

The correlation between JIII and JOJO is 0.62, 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.	0.62
Correlation (All Time) Calculated using the full available price history since Nov 13, 2024	0.61

The correlation between JIII and JOJO has been stable across timeframes, ranging from 0.61 to 0.62 - a consistent structural relationship.

Return for Risk

JIII vs. JOJO — 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

JOJO

JOJO Risk / Return Rank: 20
JOJO Sharpe Ratio Rank: 21
JOJO Sortino Ratio Rank: 19
JOJO Omega Ratio Rank: 20
JOJO Calmar Ratio Rank: 20
JOJO Martin Ratio Rank: 20

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. JOJO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Income ETF (JIII) and ATAC Credit Rotation ETF (JOJO). 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	JOJO	Difference
Sharpe ratio: Return per unit of total volatility	1.36	0.43	+0.93
Sortino ratio: Return per unit of downside risk	1.99	0.66	+1.33
Omega ratio: Gain probability vs. loss probability	1.27	1.08	+0.18
Calmar ratio: Return relative to maximum drawdown	2.20	0.52	+1.68
Martin ratio: Return relative to average drawdown	7.99	1.35	+6.65

JIII vs. JOJO - Sharpe Ratio Comparison

The current JIII Sharpe Ratio is 1.36, which is higher than the JOJO Sharpe Ratio of 0.43. The chart below compares the historical Sharpe Ratios of JIII and JOJO, 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. JOJO - Drawdown Comparison

The maximum JIII drawdown since its inception was -3.55%, smaller than the maximum JOJO drawdown of -28.43%. Use the drawdown chart below to compare losses from any high point for JIII and JOJO.

Drawdown Indicators

	JIII	JOJO	Difference
Max Drawdown Largest peak-to-trough decline	-3.55%	-28.43%	+24.88%
Max Drawdown (1Y) Largest decline over 1 year	-2.27%	-5.76%	+3.49%
Max Drawdown (3Y) Largest decline over 3 years	—	-9.43%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-28.43%	—
Current Drawdown Current decline from peak	-0.85%	-8.92%	+8.07%
Average Drawdown Average peak-to-trough decline	-0.49%	-15.51%	+15.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.62%	2.21%	-1.59%

Volatility

JIII vs. JOJO - Volatility Comparison

The current volatility for Janus Henderson Income ETF (JIII) is 0.83%, while ATAC Credit Rotation ETF (JOJO) has a volatility of 2.18%. This indicates that JIII experiences smaller price fluctuations and is considered to be less risky than JOJO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JIII	JOJO	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.83%	2.18%	-1.35%
Volatility (6M) Calculated over the trailing 6-month period	2.96%	5.55%	-2.59%
Volatility (1Y) Calculated over the trailing 1-year period	3.66%	6.93%	-3.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.93%	11.18%	-7.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.93%	11.21%	-7.28%

JIII vs. JOJO - Expense Ratio Comparison

JIII has a 0.54% expense ratio, which is lower than JOJO's 1.28% expense ratio.

Dividends

JIII vs. JOJO - Dividend Comparison

JIII's dividend yield for the trailing twelve months is around 7.92%, more than JOJO's 5.21% yield.

Position	TTM	2025	2024	2023	2022	2021
JIII Janus Henderson Income ETF	7.35%	7.33%	0.44%	0.00%	0.00%	0.00%
JOJO ATAC Credit Rotation ETF	5.21%	4.78%	4.88%	4.30%	3.63%	2.53%

Frequently Asked Questions

Can I hold both JIII and JOJO in my portfolio?

JIII and JOJO have a correlation of 0.62, 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 JOJO?

JOJO has higher volatility (2.18%) compared to JIII (0.83%). In terms of maximum drawdown, JIII dropped -3.55% vs JOJO's -28.43%.

Which ETF is better, JIII or JOJO?

On 1-year performance, JIII leads with 4.50% vs 1.54% for JOJO. On fees, JIII is cheaper at 0.54% per year. On volatility, JIII has been the lower-risk option at 0.83%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JIII or JOJO?

Over the 1-year period, JIII has performed better with a 4.50% return vs 1.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JIII or JOJO?

JIII is cheaper with a 0.54% expense ratio, compared with 1.28% for JOJO.

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

JIII has the higher dividend yield at 7.35%, compared with 5.21% for JOJO.

What is the main difference between JIII and JOJO?

They also come from different issuers: Janus Henderson and ATAC. Their fees differ too: 0.54% for JIII and 1.28% for JOJO.

Which has better risk-adjusted returns?

JIII currently has the higher Sharpe Ratio (1.36 vs 0.43), 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.