JLQD vs. SCRD

Last updated Jun 3, 2026

JLQD (Janus Henderson Corporate Bond ETF) and SCRD (Janus Henderson Corporate Bond ETF) are both Corporate Bonds funds from Janus Henderson. JLQD is passively managed, while SCRD is actively managed. Over the past 3 years, JLQD returned 5.61%/yr vs 5.54%/yr for SCRD. With a 1.00 correlation, they move nearly in lockstep. JLQD charges 0.20%/yr vs 0.35%/yr for SCRD.

Performance

JLQD vs. SCRD - Performance Comparison

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

Returns By Period

In the year-to-date period, JLQD achieves a 0.45% return, which is significantly higher than SCRD's 0.24% return.

JLQD

• 1D: 0.07%
• 1M: 0.39%
• YTD: 0.45%
• 6M: 0.55%
• 1Y: 6.58%
• 3Y*: 5.61%
• 5Y*: —
• 10Y*: —

SCRD

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

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

JLQD vs. SCRD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
JLQD Janus Henderson Corporate Bond ETF	0.45%	7.77%	3.21%	8.76%	-15.99%	-1.25%
SCRD Janus Henderson Corporate Bond ETF	0.24%	7.77%	3.21%	8.76%	-15.99%	-1.25%

Correlation

The correlation between JLQD and SCRD is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	1.00
Correlation (3Y) Calculated over the trailing 3-year period	1.00
Correlation (All Time) Calculated using the full available price history since Sep 10, 2021	1.00

The correlation between JLQD and SCRD has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.

JLQD vs. SCRD - Sectors Allocation Comparison

Sectors	JLQD	SCRD
Financial Services	2.8%	25.0%
Basic Materials	-	2.2%
Communication Services	-	2.4%
Consumer Cyclical	-	5.9%
Consumer Defensive	-	6.6%
Energy	-	2.3%
Healthcare	-	12.5%
Industrials	-	8.2%
Real Estate	-	5.8%
Technology	-	4.5%
Utilities	-	1.9%

Return for Risk

JLQD vs. SCRD — Risk / Return Rank

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

JLQD

JLQD Risk / Return Rank: 48
JLQD Sharpe Ratio Rank: 48
JLQD Sortino Ratio Rank: 51
JLQD Omega Ratio Rank: 49
JLQD Calmar Ratio Rank: 44
JLQD Martin Ratio Rank: 46

SCRD

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

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. SCRD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Corporate Bond ETF (JLQD) and Janus Henderson Corporate Bond ETF (SCRD). 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	SCRD	Difference
Sharpe ratio Return per unit of total volatility	1.71	1.62	+0.09
Sortino ratio Return per unit of downside risk	2.54	2.41	+0.13
Omega ratio Gain probability vs. loss probability	1.31	1.29	+0.02
Calmar ratio Return relative to maximum drawdown	2.22	2.19	+0.03
Martin ratio Return relative to average drawdown	7.77	7.63	+0.14
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. SCRD - Sharpe Ratio Comparison

The current JLQD Sharpe Ratio is 1.71, which is comparable to the SCRD Sharpe Ratio of 1.62. The chart below compares the historical Sharpe Ratios of JLQD and SCRD, 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	SCRD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.71	1.62	+0.09
Sharpe Ratio (All Time) Calculated using the full available price history	0.03	0.02	+0.01

Drawdowns

JLQD vs. SCRD - Drawdown Comparison

The maximum JLQD drawdown since its inception was -21.17%, roughly equal to the maximum SCRD drawdown of -21.17%. Use the drawdown chart below to compare losses from any high point for JLQD and SCRD.

Drawdown Indicators

	JLQD	SCRD	Difference
Max Drawdown Largest peak-to-trough decline	-21.17%	-21.17%	0.00%
Max Drawdown (1Y) Largest decline over 1 year	-2.87%	-2.87%	0.00%
Max Drawdown (3Y) Largest decline over 3 years	-6.84%	-6.84%	0.00%
Current Drawdown Current decline from peak	-0.77%	-0.97%	+0.20%
Average Drawdown Average peak-to-trough decline	-8.78%	-8.77%	-0.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.82%	0.82%	0.00%

Volatility

JLQD vs. SCRD - Volatility Comparison

Janus Henderson Corporate Bond ETF (JLQD) and Janus Henderson Corporate Bond ETF (SCRD) have volatilities of 1.26% and 1.25%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JLQD	SCRD	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.26%	1.25%	+0.01%
Volatility (6M) Calculated over the trailing 6-month period	2.80%	2.78%	+0.02%
Volatility (1Y) Calculated over the trailing 1-year period	3.88%	3.88%	0.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.32%	6.32%	0.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.32%	6.32%	0.00%

JLQD vs. SCRD - Expense Ratio Comparison

JLQD has a 0.20% expense ratio, which is lower than SCRD's 0.35% expense ratio.

Dividends

JLQD vs. SCRD - Dividend Comparison

JLQD's dividend yield for the trailing twelve months is around 5.43%, which matches SCRD's 5.44% yield.

Position	TTM	2025	2024	2023	2022	2021
JLQD Janus Henderson Corporate Bond ETF	5.43%	5.28%	5.36%	3.99%	2.77%	0.83%
SCRD Janus Henderson Corporate Bond ETF	5.44%	5.28%	5.36%	3.99%	2.77%	0.83%

Frequently Asked Questions

Can I hold both JLQD and SCRD in my portfolio?

With a correlation of 1.00, JLQD and SCRD 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 SCRD?

JLQD has higher volatility (1.26%) compared to SCRD (1.25%). In terms of maximum drawdown, JLQD dropped -21.17% vs SCRD's -21.17%.

Which ETF is better, JLQD or SCRD?

On 3-year performance, JLQD leads with 5.61% vs 5.54% for SCRD. On fees, JLQD is cheaper at 0.20% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JLQD or SCRD?

Over the 3-year period, JLQD has performed better with a 5.61% 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 SCRD?

JLQD is cheaper with a 0.20% expense ratio, compared with 0.35% for SCRD.

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

JLQD and SCRD have nearly identical dividend yields, around 5.43%.

What is the main difference between JLQD and SCRD?

Their fees differ too: 0.20% for JLQD and 0.35% for SCRD.

Which has better risk-adjusted returns?

JLQD 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.