JSI vs. EVLN

Last updated Aug 2, 2026

JSI (Janus Henderson Securitized Income ETF) and EVLN (Eaton Vance Floating-Rate ETF) are both exchange-traded funds - JSI is a Multisector Bonds fund actively managed by Janus Henderson, while EVLN is a Bank Loan fund actively managed by Eaton Vance. Both are actively managed. Over the past year, JSI returned 2.95% vs 3.80% for EVLN. Their 0.09 correlation means their historical movements had little consistent relationship. JSI charges 0.50%/yr vs 0.60%/yr for EVLN.

Performance

JSI vs. EVLN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Janus Henderson Securitized Income ETF (JSI) and Eaton Vance Floating-Rate ETF (EVLN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JSI achieves a 1.23% return, which is significantly lower than EVLN's 1.55% return.

JSI

• 1D: -0.09%
• 1M: 0.08%
• 6M: 0.55%
• YTD: 1.23%
• 1Y: 2.95%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 6.73%

EVLN

• 1D: -0.05%
• 1M: 0.02%
• 6M: 1.83%
• YTD: 1.55%
• 1Y: 3.80%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 5.85%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
EVLN Eaton Vance Floating-Rate ETF	$6.06M	$4.09M	$3.77M
JSI Janus Henderson Securitized Income ETF	$4.88M	$5.15M	$6.51M

JSI vs. EVLN - Yearly Performance Comparison

	2026 (YTD)	2025	2024
JSI Janus Henderson Securitized Income ETF	1.23%	6.46%	6.71%
EVLN Eaton Vance Floating-Rate ETF	1.55%	5.59%	7.35%

Correlation

The correlation between JSI and EVLN is 0.15, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.15
Correlation (All Time) Calculated using the full available price history since Feb 8, 2024	0.09

Return for Risk

JSI vs. EVLN — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

JSI

JSI Risk / Return Rank: 62
JSI Sharpe Ratio Rank: 63
JSI Sortino Ratio Rank: 59
JSI Omega Ratio Rank: 71
JSI Calmar Ratio Rank: 60
JSI Martin Ratio Rank: 57

EVLN

EVLN Risk / Return Rank: 76
EVLN Sharpe Ratio Rank: 84
EVLN Sortino Ratio Rank: 90
EVLN Omega Ratio Rank: 88
EVLN Calmar Ratio Rank: 60
EVLN Martin Ratio Rank: 57

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

JSI vs. EVLN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Securitized Income ETF (JSI) and Eaton Vance Floating-Rate ETF (EVLN). 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.

	JSI	EVLN	Difference
Sharpe ratio: Return per unit of total volatility	1.47	1.98	-0.51
Sortino ratio: Return per unit of downside risk	2.01	3.20	-1.19
Omega ratio: Gain probability vs. loss probability	1.29	1.40	-0.11
Calmar ratio: Return relative to maximum drawdown	2.11	2.09	+0.02
Martin ratio: Return relative to average drawdown	6.67	6.80	-0.13

JSI vs. EVLN - Sharpe Ratio Comparison

The current JSI Sharpe Ratio is 1.47, which is comparable to the EVLN Sharpe Ratio of 1.98. The chart below compares the historical Sharpe Ratios of JSI and EVLN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

JSI vs. EVLN - Drawdown Comparison

The maximum JSI drawdown since its inception was -2.31%, smaller than the maximum EVLN drawdown of -2.78%. Use the drawdown chart below to compare losses from any high point for JSI and EVLN.

Drawdown Indicators

	JSI	EVLN	Difference
Max Drawdown Largest peak-to-trough decline	-2.31%	-2.78%	+0.47%
Max Drawdown (1Y) Largest decline over 1 year	-1.68%	-1.77%	+0.09%
Current Drawdown Current decline from peak	-0.22%	-0.32%	+0.10%
Average Drawdown Average peak-to-trough decline	-0.34%	-0.21%	-0.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.53%	0.54%	-0.01%

Volatility

JSI vs. EVLN - Volatility Comparison

Janus Henderson Securitized Income ETF (JSI) and Eaton Vance Floating-Rate ETF (EVLN) have volatilities of 0.39% and 0.39%, 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

	JSI	EVLN	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.39%	0.39%	0.00%
Volatility (6M) Calculated over the trailing 6-month period	1.66%	1.66%	0.00%
Volatility (1Y) Calculated over the trailing 1-year period	2.41%	1.87%	+0.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.85%	2.38%	+0.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.85%	2.38%	+0.47%

JSI vs. EVLN - Expense Ratio Comparison

JSI has a 0.50% expense ratio, which is lower than EVLN's 0.60% expense ratio.

Dividends

JSI vs. EVLN - Dividend Comparison

JSI's dividend yield for the trailing twelve months is around 6.37%, less than EVLN's 6.80% yield.

Position	TTM	2025	2024	2023
EVLN Eaton Vance Floating-Rate ETF	6.80%	7.28%	6.41%	0.00%
JSI Janus Henderson Securitized Income ETF	5.93%	5.80%	6.16%	0.84%

Frequently Asked Questions

Can I hold both JSI and EVLN in my portfolio?

JSI and EVLN have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JSI or EVLN?

EVLN has higher volatility (0.39%) compared to JSI (0.39%). In terms of maximum drawdown, JSI dropped -2.31% vs EVLN's -2.78%.

Which ETF is better, JSI or EVLN?

On 1-year performance, EVLN leads with 3.80% vs 2.95% for JSI. On fees, JSI is cheaper at 0.50% 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, JSI or EVLN?

Over the 1-year period, EVLN has performed better with a 3.80% return vs 2.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JSI or EVLN?

JSI is cheaper with a 0.50% expense ratio, compared with 0.60% for EVLN.

Which ETF pays a higher dividend yield, JSI or EVLN?

EVLN has the higher dividend yield at 6.80%, compared with 5.93% for JSI.

What is the main difference between JSI and EVLN?

JSI is categorized as Multisector Bonds, while EVLN is Bank Loan. They also come from different issuers: Janus Henderson and Eaton Vance. Their fees differ too: 0.50% for JSI and 0.60% for EVLN.

Which has better risk-adjusted returns?

EVLN currently has the higher Sharpe Ratio (1.98 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.