JLQD vs. BBCB

Last updated Jun 4, 2026

JLQD (Janus Henderson Corporate Bond ETF) and BBCB (JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF) are both Corporate Bonds funds - JLQD tracks the Bloomberg U.S. Corporate Bond Index while BBCB tracks the Bloomberg US Corporate Investment Grade. Both are passively managed. Over the past 3 years, JLQD returned 5.54%/yr vs 5.98%/yr for BBCB. Their correlation of 0.95 suggests significant overlap in exposure. JLQD charges 0.20%/yr vs 0.09%/yr for BBCB.

Performance

JLQD vs. BBCB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Janus Henderson Corporate Bond ETF (JLQD) and JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF (BBCB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JLQD achieves a 0.24% return, which is significantly lower than BBCB's 2.82% return.

JLQD

• 1D: -0.21%
• 1M: 0.42%
• YTD: 0.24%
• 6M: 0.13%
• 1Y: 6.25%
• 3Y*: 5.54%
• 5Y*: —
• 10Y*: —

BBCB

• 1D: -0.11%
• 1M: 0.66%
• YTD: 2.82%
• 6M: 2.66%
• 1Y: 8.37%
• 3Y*: 5.98%
• 5Y*: 0.84%
• 10Y*: —

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

JLQD vs. BBCB - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
JLQD Janus Henderson Corporate Bond ETF	0.24%	7.77%	3.21%	8.76%	-15.99%	-1.25%
BBCB JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF	2.82%	7.69%	1.97%	8.42%	-15.72%	-1.54%

Correlation

The correlation between JLQD and BBCB is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.94
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (All Time) Calculated using the full available price history since Sep 10, 2021	0.95

The correlation between JLQD and BBCB has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.

JLQD vs. BBCB - Sectors Allocation Comparison

Sectors	JLQD	BBCB
Financial Services	2.8%	21.9%
Basic Materials	-	1.6%
Communication Services	-	6.7%
Consumer Cyclical	-	6.3%
Consumer Defensive	-	5.1%
Energy	-	4.9%
Healthcare	-	8.8%
Industrials	-	7.1%
Real Estate	-	3.8%
Technology	-	7.8%
Utilities	-	8.6%

Return for Risk

JLQD vs. BBCB — Risk / Return Rank

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

JLQD

JLQD Risk / Return Rank: 47
JLQD Sharpe Ratio Rank: 47
JLQD Sortino Ratio Rank: 50
JLQD Omega Ratio Rank: 47
JLQD Calmar Ratio Rank: 45
JLQD Martin Ratio Rank: 47

BBCB

BBCB Risk / Return Rank: 56
BBCB Sharpe Ratio Rank: 50
BBCB Sortino Ratio Rank: 60
BBCB Omega Ratio Rank: 55
BBCB Calmar Ratio Rank: 58
BBCB Martin Ratio Rank: 58

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.

JLQD vs. BBCB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Corporate Bond ETF (JLQD) and JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF (BBCB). 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.

	JLQD	BBCB	Difference
Sharpe ratio: Return per unit of total volatility	1.62	1.71	-0.09
Sortino ratio: Return per unit of downside risk	2.41	2.79	-0.38
Omega ratio: Gain probability vs. loss probability	1.29	1.34	-0.04
Calmar ratio: Return relative to maximum drawdown	2.19	2.85	-0.66
Martin ratio: Return relative to average drawdown	7.63	10.09	-2.46
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JLQD vs. BBCB - Sharpe Ratio Comparison

The current JLQD Sharpe Ratio is 1.62, which is comparable to the BBCB Sharpe Ratio of 1.71. The chart below compares the historical Sharpe Ratios of JLQD and BBCB, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	JLQD	BBCB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.62	1.71	-0.09
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.12	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.02	0.46	-0.44

Drawdowns

JLQD vs. BBCB - Drawdown Comparison

The maximum JLQD drawdown since its inception was -21.17%, smaller than the maximum BBCB drawdown of -22.48%. Use the drawdown chart below to compare losses from any high point for JLQD and BBCB.

Drawdown Indicators

	JLQD	BBCB	Difference
Max Drawdown Largest peak-to-trough decline	-21.17%	-22.48%	+1.31%
Max Drawdown (1Y) Largest decline over 1 year	-2.87%	-2.95%	+0.08%
Max Drawdown (3Y) Largest decline over 3 years	-6.84%	-6.46%	-0.38%
Max Drawdown (5Y) Largest decline over 5 years	—	-22.32%	—
Current Drawdown Current decline from peak	-0.97%	-0.34%	-0.63%
Average Drawdown Average peak-to-trough decline	-8.77%	-6.66%	-2.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.82%	0.83%	-0.01%

Volatility

JLQD vs. BBCB - Volatility Comparison

The current volatility for Janus Henderson Corporate Bond ETF (JLQD) is 1.25%, while JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF (BBCB) has a volatility of 1.41%. This indicates that JLQD experiences smaller price fluctuations and is considered to be less risky than BBCB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JLQD	BBCB	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.25%	1.41%	-0.16%
Volatility (6M) Calculated over the trailing 6-month period	2.78%	3.98%	-1.20%
Volatility (1Y) Calculated over the trailing 1-year period	3.88%	4.93%	-1.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.32%	7.25%	-0.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.32%	7.50%	-1.18%

JLQD vs. BBCB - Expense Ratio Comparison

JLQD has a 0.20% expense ratio, which is higher than BBCB's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

JLQD vs. BBCB - Dividend Comparison

JLQD's dividend yield for the trailing twelve months is around 5.44%, less than BBCB's 7.15% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BBCB JPMorgan BetaBuilders USD Investment Grade Corporate Bond ETF	7.15%	5.02%	5.22%	4.22%	3.39%	3.47%	4.59%	5.25%	0.20%
JLQD Janus Henderson Corporate Bond ETF	5.44%	5.28%	5.36%	3.99%	2.77%	0.83%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JLQD and BBCB in my portfolio?

With a correlation of 0.94, JLQD and BBCB move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, JLQD or BBCB?

BBCB has higher volatility (1.41%) compared to JLQD (1.25%). In terms of maximum drawdown, JLQD dropped -21.17% vs BBCB's -22.48%.

Which ETF is better, JLQD or BBCB?

On 3-year performance, BBCB leads with 5.98% vs 5.54% for JLQD. On fees, BBCB is cheaper at 0.09% per year. On volatility, JLQD has been the lower-risk option at 1.25%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JLQD or BBCB?

Over the 3-year period, BBCB has performed better with a 5.98% return vs 5.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JLQD or BBCB?

BBCB is cheaper with a 0.09% expense ratio, compared with 0.20% for JLQD.

Which ETF pays a higher dividend yield, JLQD or BBCB?

BBCB has the higher dividend yield at 7.15%, compared with 5.44% for JLQD.

What is the main difference between JLQD and BBCB?

JLQD tracks Bloomberg U.S. Corporate Bond Index, while BBCB tracks Bloomberg US Corporate Investment Grade. They also come from different issuers: Janus Henderson and JPMorgan. Their fees differ too: 0.20% for JLQD and 0.09% for BBCB.

Which has better risk-adjusted returns?

BBCB currently has the higher Sharpe Ratio (1.71 vs 1.62), 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.