JSI vs. IGSB
JSI (Janus Henderson Securitized Income ETF) and IGSB (iShares Short-Term Corporate Bond ETF) are both exchange-traded funds - JSI is a Short-Term Bond fund actively managed by Janus Henderson, while IGSB is a Corporate Bonds fund tracking the ICE BofAML 1-5 Year US Corporate Index. JSI is actively managed, while IGSB is passively managed. Over the past year, JSI returned 4.72% vs 4.72% for IGSB. A 0.76 correlation means they provide meaningful diversification when combined. JSI charges 0.50%/yr vs 0.06%/yr for IGSB.
Performance
JSI vs. IGSB - Performance Comparison
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Returns By Period
In the year-to-date period, JSI achieves a 0.99% return, which is significantly higher than IGSB's 0.72% return.
JSI
- 1D
- -0.12%
- 1M
- 0.24%
- YTD
- 0.99%
- 6M
- 1.47%
- 1Y
- 4.72%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IGSB
- 1D
- -0.06%
- 1M
- 0.27%
- YTD
- 0.72%
- 6M
- 1.01%
- 1Y
- 4.72%
- 3Y*
- 5.66%
- 5Y*
- 2.43%
- 10Y*
- 2.74%
JSI vs. IGSB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
JSI Janus Henderson Securitized Income ETF | 0.99% | 6.46% | 7.27% | 3.39% |
IGSB iShares Short-Term Corporate Bond ETF | 0.72% | 6.96% | 4.97% | 3.60% |
Correlation
The correlation between JSI and IGSB is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Nov 10, 2023 | 0.76 |
The correlation between JSI and IGSB has been stable across timeframes, ranging from 0.69 to 0.76 - a consistent structural relationship.
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Return for Risk
JSI vs. IGSB — Risk / Return Rank
JSI
IGSB
JSI vs. IGSB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Securitized Income ETF (JSI) and iShares Short-Term Corporate Bond ETF (IGSB). 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.
| JSI | IGSB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.47 | ||
| Sortino ratioReturn per unit of downside risk | -1.07 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.49 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.82 | 3.25 | -0.43 |
| Martin ratioReturn relative to average drawdown | 9.18 | 13.22 | -4.03 |
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
| JSI | IGSB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.99 | 2.46 | -0.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.83 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.79 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.49 | 0.70 | +1.78 |
Drawdowns
JSI vs. IGSB - Drawdown Comparison
The maximum JSI drawdown since its inception was -2.31%, smaller than the maximum IGSB drawdown of -13.38%. Use the drawdown chart below to compare losses from any high point for JSI and IGSB.
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Drawdown Indicators
| JSI | IGSB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.31% | -13.38% | +11.07% |
Max Drawdown (1Y)Largest decline over 1 year | -1.68% | -1.46% | -0.22% |
Max Drawdown (3Y)Largest decline over 3 years | — | -1.46% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -9.46% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -13.38% | — |
Current DrawdownCurrent decline from peak | -0.46% | -0.32% | -0.14% |
Average DrawdownAverage peak-to-trough decline | -0.34% | -0.85% | +0.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.52% | 0.36% | +0.16% |
Volatility
JSI vs. IGSB - Volatility Comparison
Janus Henderson Securitized Income ETF (JSI) has a higher volatility of 0.66% compared to iShares Short-Term Corporate Bond ETF (IGSB) at 0.57%. This indicates that JSI's price experiences larger fluctuations and is considered to be riskier than IGSB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JSI | IGSB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.66% | 0.57% | +0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 1.53% | 1.41% | +0.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.38% | 1.92% | +0.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.88% | 2.93% | -0.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.88% | 3.46% | -0.58% |
JSI vs. IGSB - Expense Ratio Comparison
JSI has a 0.50% expense ratio, which is higher than IGSB's 0.06% expense ratio.
Dividends
JSI vs. IGSB - Dividend Comparison
JSI's dividend yield for the trailing twelve months is around 5.80%, more than IGSB's 4.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGSB iShares Short-Term Corporate Bond ETF | 4.58% | 4.44% | 4.02% | 3.26% | 2.07% | 1.82% | 2.36% | 3.06% | 2.46% | 1.65% | 1.45% | 1.18% |
JSI Janus Henderson Securitized Income ETF | 5.80% | 5.80% | 6.16% | 0.84% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JSI and IGSB have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JSI has higher volatility (0.66%) compared to IGSB (0.57%). In terms of maximum drawdown, JSI dropped -2.31% vs IGSB's -13.38%.
On 1-year performance, IGSB leads with 4.72% vs 4.72% for JSI. On fees, IGSB is cheaper at 0.06% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IGSB has performed better with a 4.72% return vs 4.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IGSB is cheaper with a 0.06% expense ratio, compared with 0.50% for JSI.
JSI has the higher dividend yield at 5.80%, compared with 4.58% for IGSB.
JSI is categorized as Short-Term Bond, while IGSB is Corporate Bonds. They also come from different issuers: Janus Henderson and iShares. Their fees differ too: 0.50% for JSI and 0.06% for IGSB.
IGSB currently has the higher Sharpe Ratio (2.46 vs 1.99), 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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