JLQD vs. USIG
JLQD (Janus Henderson Corporate Bond ETF) and USIG (iShares Broad USD Investment Grade Corporate Bond ETF) are both Corporate Bonds funds - JLQD tracks the Bloomberg U.S. Corporate Bond Index while USIG tracks the ICE BofA US Corporate. Both are passively managed. Over the past 3 years, JLQD returned 5.54%/yr vs 5.46%/yr for USIG. Their correlation of 0.95 suggests significant overlap in exposure. JLQD charges 0.20%/yr vs 0.04%/yr for USIG.
Performance
JLQD vs. USIG - Performance Comparison
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Returns By Period
In the year-to-date period, JLQD achieves a 0.24% return, which is significantly lower than USIG's 0.56% return.
JLQD
- 1D
- -0.21%
- 1M
- 0.42%
- YTD
- 0.24%
- 6M
- 0.13%
- 1Y
- 6.25%
- 3Y*
- 5.54%
- 5Y*
- —
- 10Y*
- —
USIG
- 1D
- -0.23%
- 1M
- 0.56%
- YTD
- 0.56%
- 6M
- 0.37%
- 1Y
- 6.04%
- 3Y*
- 5.46%
- 5Y*
- 0.72%
- 10Y*
- 2.63%
JLQD vs. USIG - 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% |
USIG iShares Broad USD Investment Grade Corporate Bond ETF | 0.56% | 7.86% | 2.56% | 8.71% | -15.30% | -1.47% |
Correlation
The correlation between JLQD and USIG is 0.95 - 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 | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Sep 10, 2021 | 0.95 |
The correlation between JLQD and USIG has been stable across timeframes, ranging from 0.95 to 0.97 - a consistent structural relationship.
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Return for Risk
JLQD vs. USIG — Risk / Return Rank
JLQD
USIG
JLQD vs. USIG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Corporate Bond ETF (JLQD) and iShares Broad USD Investment Grade Corporate Bond ETF (USIG). 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 | USIG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.15 | ||
| Sortino ratioReturn per unit of downside risk | +0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.26 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.19 | 2.17 | +0.02 |
| Martin ratioReturn relative to average drawdown | 7.63 | 7.07 | +0.56 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| JLQD | USIG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.62 | 1.47 | +0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.11 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.39 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.02 | 0.54 | -0.52 |
Drawdowns
JLQD vs. USIG - Drawdown Comparison
The maximum JLQD drawdown since its inception was -21.17%, roughly equal to the maximum USIG drawdown of -22.21%. Use the drawdown chart below to compare losses from any high point for JLQD and USIG.
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Drawdown Indicators
| JLQD | USIG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.17% | -22.21% | +1.04% |
Max Drawdown (1Y)Largest decline over 1 year | -2.87% | -2.79% | -0.08% |
Max Drawdown (3Y)Largest decline over 3 years | -6.84% | -6.10% | -0.74% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.45% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.45% | — |
Current DrawdownCurrent decline from peak | -0.97% | -0.97% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -8.77% | -3.42% | -5.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.82% | 0.86% | -0.04% |
Volatility
JLQD vs. USIG - Volatility Comparison
Janus Henderson Corporate Bond ETF (JLQD) and iShares Broad USD Investment Grade Corporate Bond ETF (USIG) have volatilities of 1.25% and 1.27%, 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.
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Volatility by Period
| JLQD | USIG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.25% | 1.27% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 2.78% | 3.04% | -0.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.88% | 4.13% | -0.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.32% | 6.82% | -0.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.32% | 6.82% | -0.50% |
JLQD vs. USIG - Expense Ratio Comparison
JLQD has a 0.20% expense ratio, which is higher than USIG's 0.04% 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. USIG - Dividend Comparison
JLQD's dividend yield for the trailing twelve months is around 5.44%, more than USIG's 4.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JLQD Janus Henderson Corporate Bond ETF | 5.44% | 5.28% | 5.36% | 3.99% | 2.77% | 0.83% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
USIG iShares Broad USD Investment Grade Corporate Bond ETF | 4.74% | 4.62% | 4.51% | 3.94% | 3.14% | 2.33% | 2.82% | 3.37% | 3.44% | 3.03% | 2.87% | 3.24% |
Frequently Asked Questions
With a correlation of 0.95, JLQD and USIG 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.
USIG has higher volatility (1.27%) compared to JLQD (1.25%). In terms of maximum drawdown, JLQD dropped -21.17% vs USIG's -22.21%.
On 3-year performance, JLQD leads with 5.54% vs 5.46% for USIG. On fees, USIG is cheaper at 0.04% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, JLQD has performed better with a 5.54% return vs 5.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
USIG is cheaper with a 0.04% expense ratio, compared with 0.20% for JLQD.
JLQD has the higher dividend yield at 5.44%, compared with 4.74% for USIG.
JLQD tracks Bloomberg U.S. Corporate Bond Index, while USIG tracks ICE BofA US Corporate. They also come from different issuers: Janus Henderson and iShares. Their fees differ too: 0.20% for JLQD and 0.04% for USIG.
JLQD currently has the higher Sharpe Ratio (1.62 vs 1.47), 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.
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