JIII vs. MANI

Last updated Aug 2, 2026

JIII (Janus Henderson Income ETF) and MANI (Man Active Income ETF) are both Multisector Bonds funds. Both are actively managed. Their 0.47 correlation means their historical movements had little consistent relationship. JIII charges 0.54%/yr vs 0.85%/yr for MANI.

Performance

JIII vs. MANI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Janus Henderson Income ETF (JIII) and Man Active Income ETF (MANI). 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 lower than MANI's 4.94% return.

JIII

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

MANI

• 1D: 0.16%
• 1M: 0.49%
• 6M: 3.73%
• YTD: 4.94%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*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
MANI Man Active Income ETF	$12.79K	$28.11K	$69.51K

JIII vs. MANI - Yearly Performance Comparison

	2026 (YTD)	2025
JIII Janus Henderson Income ETF	1.19%	1.57%
MANI Man Active Income ETF	4.94%	2.30%

Correlation

The correlation between JIII and MANI is 0.47, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 18, 2025	0.47

Return for Risk

JIII vs. MANI — 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

MANI

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

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. MANI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Income ETF (JIII) and Man Active Income ETF (MANI). 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	MANI	Difference
Sharpe ratio: Return per unit of total volatility	1.36	—	—
Sortino ratio: Return per unit of downside risk	1.99	—	—
Omega ratio: Gain probability vs. loss probability	1.27	—	—
Calmar ratio: Return relative to maximum drawdown	2.20	—	—
Martin ratio: Return relative to average drawdown	7.99	—	—

Drawdowns

JIII vs. MANI - Drawdown Comparison

The maximum JIII drawdown since its inception was -3.55%, which is greater than MANI's maximum drawdown of -0.74%. Use the drawdown chart below to compare losses from any high point for JIII and MANI.

Drawdown Indicators

	JIII	MANI	Difference
Max Drawdown Largest peak-to-trough decline	-3.55%	-0.74%	-2.81%
Max Drawdown (1Y) Largest decline over 1 year	-2.27%	—	—
Current Drawdown Current decline from peak	-0.85%	0.00%	-0.85%
Average Drawdown Average peak-to-trough decline	-0.49%	-0.10%	-0.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.62%	—	—

Volatility

Volatility by Period

	JIII	MANI	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.83%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.96%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.66%	1.96%	+1.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.93%	1.96%	+1.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.93%	1.96%	+1.97%

JIII vs. MANI - Expense Ratio Comparison

JIII has a 0.54% expense ratio, which is lower than MANI's 0.85% expense ratio.

Dividends

JIII vs. MANI - Dividend Comparison

JIII's dividend yield for the trailing twelve months is around 7.92%, more than MANI's 4.65% yield.

Position	TTM	2025	2024
JIII Janus Henderson Income ETF	7.35%	7.33%	0.44%
MANI Man Active Income ETF	4.65%	3.00%	0.00%

Frequently Asked Questions

Can I hold both JIII and MANI in my portfolio?

JIII and MANI have a correlation of 0.47, 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 MANI?

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 is cheaper, JIII or MANI?

JIII is cheaper with a 0.54% expense ratio, compared with 0.85% for MANI.

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

JIII has the higher dividend yield at 7.35%, compared with 4.65% for MANI.

What is the main difference between JIII and MANI?

They also come from different issuers: Janus Henderson and Man Group. Their fees differ too: 0.54% for JIII and 0.85% for MANI.