JLQD vs. JXX

Last updated Apr 2, 2026

Compare and contrast key facts about Janus Henderson Corporate Bond ETF (JLQD) and Janus Henderson Transformational Growth ETF (JXX).

JLQD and JXX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JLQD is a passively managed fund by Janus Henderson that tracks the performance of the Bloomberg U.S. Corporate Bond Index. It was launched on Sep 8, 2021. JXX is an actively managed fund by Janus Henderson. It was launched on Feb 4, 2025.

Performance

JLQD vs. JXX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Janus Henderson Corporate Bond ETF (JLQD) and Janus Henderson Transformational Growth ETF (JXX). The values are adjusted to include any dividend payments, if applicable.

JLQD vs. JXX - Yearly Performance Comparison

	2026 (YTD)	2025
JLQD Janus Henderson Corporate Bond ETF	-0.63%	6.11%
JXX Janus Henderson Transformational Growth ETF	-10.45%	10.47%

Returns By Period

In the year-to-date period, JLQD achieves a -0.63% return, which is significantly higher than JXX's -10.45% return.

JLQD

• 1D: 0.04%
• 1M: -1.59%
• YTD: -0.63%
• 6M: 0.29%
• 1Y: 4.33%
• 3Y*: 5.06%
• 5Y*: —
• 10Y*: —

JXX

• 1D: 1.25%
• 1M: -3.11%
• YTD: -10.45%
• 6M: -11.23%
• 1Y: 14.83%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JLQD vs. JXX - Expense Ratio Comparison

JLQD has a 0.20% expense ratio, which is lower than JXX's 0.57% expense ratio.

JXX

Janus Henderson Transformational Growth ETF

JLQD

Janus Henderson Corporate Bond ETF

Return for Risk

JLQD vs. JXX — Risk / Return Rank

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

JLQD

JLQD Risk / Return Rank: 40
JLQD Sharpe Ratio Rank: 42
JLQD Sortino Ratio Rank: 38
JLQD Omega Ratio Rank: 39
JLQD Calmar Ratio Rank: 40
JLQD Martin Ratio Rank: 38

JXX

JXX Risk / Return Rank: 30
JXX Sharpe Ratio Rank: 31
JXX Sortino Ratio Rank: 32
JXX Omega Ratio Rank: 30
JXX Calmar Ratio Rank: 28
JXX Martin Ratio Rank: 28

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. JXX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Corporate Bond ETF (JLQD) and Janus Henderson Transformational Growth ETF (JXX). 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	JXX	Difference
Sharpe ratio Return per unit of total volatility	0.86	0.62	+0.24
Sortino ratio Return per unit of downside risk	1.19	1.03	+0.16
Omega ratio Gain probability vs. loss probability	1.17	1.13	+0.04
Calmar ratio Return relative to maximum drawdown	1.27	0.84	+0.43
Martin ratio Return relative to average drawdown	4.28	2.71	+1.57
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. JXX - Sharpe Ratio Comparison

The current JLQD Sharpe Ratio is 0.86, which is higher than the JXX Sharpe Ratio of 0.62. The chart below compares the historical Sharpe Ratios of JLQD and JXX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	JLQD	JXX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.86	0.62	+0.24
Sharpe Ratio (All Time) Calculated using the full available price history	-0.01	-0.04	+0.03

Correlation

The correlation between JLQD and JXX is 0.28, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

JLQD vs. JXX - Dividend Comparison

JLQD's dividend yield for the trailing twelve months is around 5.37%, more than JXX's 0.01% yield.

	TTM	2025	2024	2023	2022	2021
JLQD Janus Henderson Corporate Bond ETF	5.37%	5.28%	5.36%	3.99%	2.77%	0.83%
JXX Janus Henderson Transformational Growth ETF	0.01%	0.04%	0.00%	0.00%	0.00%	0.00%

Drawdowns

JLQD vs. JXX - Drawdown Comparison

The maximum JLQD drawdown since its inception was -21.17%, smaller than the maximum JXX drawdown of -23.73%. Use the drawdown chart below to compare losses from any high point for JLQD and JXX.

Drawdown Indicators

	JLQD	JXX	Difference
Max Drawdown Largest peak-to-trough decline	-21.17%	-23.73%	+2.56%
Max Drawdown (1Y) Largest decline over 1 year	-3.57%	-18.02%	+14.45%
Current Drawdown Current decline from peak	-1.83%	-13.27%	+11.44%
Average Drawdown Average peak-to-trough decline	-9.06%	-5.92%	-3.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.06%	5.56%	-4.50%

Volatility

JLQD vs. JXX - Volatility Comparison

The current volatility for Janus Henderson Corporate Bond ETF (JLQD) is 1.97%, while Janus Henderson Transformational Growth ETF (JXX) has a volatility of 8.17%. This indicates that JLQD experiences smaller price fluctuations and is considered to be less risky than JXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JLQD	JXX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.97%	8.17%	-6.20%
Volatility (6M) Calculated over the trailing 6-month period	2.55%	15.62%	-13.07%
Volatility (1Y) Calculated over the trailing 1-year period	5.03%	24.03%	-19.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.39%	24.60%	-18.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.39%	24.60%	-18.21%