JIII vs. XAGG
JIII (Janus Henderson Income ETF) and XAGG (Eaton Vance Income Opportunities ETF) are both Multisector Bonds funds. Both are actively managed. Their 0.63 correlation means they have sometimes moved together and sometimes differently. JIII charges 0.54%/yr vs 0.50%/yr for XAGG.
Performance
JIII vs. XAGG - Performance Comparison
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Returns By Period
In the year-to-date period, JIII achieves a 1.19% return, which is significantly lower than XAGG's 2.19% return.
JIII
- 1D
- -0.24%
- 1M
- -0.68%
- 6M
- 0.79%
- YTD
- 1.19%
- 1Y
- 4.50%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.82%
XAGG
- 1D
- -0.20%
- 1M
- -0.34%
- 6M
- 0.48%
- YTD
- 2.19%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $478.34K | $580.04K | $761.47K | |
| $9.69M | $13.10M | $11.08M |
JIII vs. XAGG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
JIII Janus Henderson Income ETF | 1.19% | 1.09% |
XAGG Eaton Vance Income Opportunities ETF | 2.19% | 1.75% |
Correlation
The correlation between JIII and XAGG is 0.63, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 10, 2025 | 0.63 |
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Return for Risk
JIII vs. XAGG — Risk / Return Rank
JIII
XAGG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
JIII vs. XAGG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Income ETF (JIII) and Eaton Vance Income Opportunities ETF (XAGG). 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 | XAGG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.27 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.20 | — | — |
| Martin ratioReturn relative to average drawdown | 7.99 | — | — |
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Drawdowns
JIII vs. XAGG - Drawdown Comparison
The maximum JIII drawdown since its inception was -3.55%, which is greater than XAGG's maximum drawdown of -2.88%. Use the drawdown chart below to compare losses from any high point for JIII and XAGG.
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Drawdown Indicators
| JIII | XAGG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.55% | -2.88% | -0.67% |
Max Drawdown (1Y)Largest decline over 1 year | -2.27% | — | — |
Current DrawdownCurrent decline from peak | -0.85% | -0.49% | -0.36% |
Average DrawdownAverage peak-to-trough decline | -0.49% | -0.53% | +0.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.62% | — | — |
Volatility
JIII vs. XAGG - Volatility Comparison
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Volatility by Period
| JIII | XAGG | 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% | 3.42% | +0.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.93% | 3.42% | +0.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.93% | 3.42% | +0.51% |
JIII vs. XAGG - Expense Ratio Comparison
JIII has a 0.54% expense ratio, which is higher than XAGG's 0.50% expense ratio.
Dividends
JIII vs. XAGG - Dividend Comparison
JIII's dividend yield for the trailing twelve months is around 7.92%, more than XAGG's 5.07% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
JIII Janus Henderson Income ETF | 7.35% | 7.33% | 0.44% |
XAGG Eaton Vance Income Opportunities ETF | 5.07% | 1.02% | 0.00% |
Frequently Asked Questions
JIII and XAGG 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.
On fees, XAGG is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XAGG is cheaper with a 0.50% expense ratio, compared with 0.54% for JIII.
JIII has the higher dividend yield at 7.35%, compared with 5.07% for XAGG.
They also come from different issuers: Janus Henderson and Eaton Vance. Their fees differ too: 0.54% for JIII and 0.50% for XAGG.
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