JSI vs. PSQO

Last updated Aug 5, 2026

JSI (Janus Henderson Securitized Income ETF) and PSQO (Palmer Square Credit Opportunities ETF) are both Multisector Bonds funds. Both are actively managed. Over the past year, JSI returned 3.15% vs 5.37% for PSQO. Their 0.11 correlation means their historical movements had little consistent relationship. JSI charges 0.50%/yr vs 0.52%/yr for PSQO.

Performance

JSI vs. PSQO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Janus Henderson Securitized Income ETF (JSI) and Palmer Square Credit Opportunities ETF (PSQO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JSI achieves a 1.49% return, which is significantly lower than PSQO's 2.50% return.

JSI

• 1D: 0.30%
• 1M: 0.33%
• 6M: 0.78%
• YTD: 1.49%
• 1Y: 3.15%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 6.80%

PSQO

• 1D: 0.05%
• 1M: 0.53%
• 6M: 2.06%
• YTD: 2.50%
• 1Y: 5.37%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 6.11%

*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)
JSI Janus Henderson Securitized Income ETF	$5.24M	$5.31M	$6.50M
PSQO Palmer Square Credit Opportunities ETF	$1.37M	$1.35M	$948.98K

JSI vs. PSQO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
JSI Janus Henderson Securitized Income ETF	1.49%	6.46%	0.29%
PSQO Palmer Square Credit Opportunities ETF	2.50%	7.05%	1.96%

Correlation

The correlation between JSI and PSQO is 0.10, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.10
Correlation (All Time) Calculated using the full available price history since Sep 12, 2024	0.11

Return for Risk

JSI vs. PSQO — Risk / Return Rank

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

JSI

JSI Risk / Return Rank: 47
JSI Sharpe Ratio Rank: 47
JSI Sortino Ratio Rank: 43
JSI Omega Ratio Rank: 51
JSI Calmar Ratio Rank: 47
JSI Martin Ratio Rank: 47

PSQO

PSQO Risk / Return Rank: 97
PSQO Sharpe Ratio Rank: 96
PSQO Sortino Ratio Rank: 97
PSQO Omega Ratio Rank: 96
PSQO Calmar Ratio Rank: 97
PSQO Martin Ratio Rank: 97

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. PSQO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Securitized Income ETF (JSI) and Palmer Square Credit Opportunities ETF (PSQO). 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	PSQO	Difference
Sharpe ratio: Return per unit of total volatility	1.33	3.15	-1.82
Sortino ratio: Return per unit of downside risk	1.80	5.39	-3.59
Omega ratio: Gain probability vs. loss probability	1.26	1.69	-0.43
Calmar ratio: Return relative to maximum drawdown	1.88	8.15	-6.27
Martin ratio: Return relative to average drawdown	5.94	32.01	-26.07

JSI vs. PSQO - Sharpe Ratio Comparison

The current JSI Sharpe Ratio is 1.33, which is lower than the PSQO Sharpe Ratio of 3.15. The chart below compares the historical Sharpe Ratios of JSI and PSQO, 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. PSQO - Drawdown Comparison

The maximum JSI drawdown since its inception was -2.31%, which is greater than PSQO's maximum drawdown of -0.76%. Use the drawdown chart below to compare losses from any high point for JSI and PSQO.

Drawdown Indicators

	JSI	PSQO	Difference
Max Drawdown Largest peak-to-trough decline	-2.31%	-0.76%	-1.55%
Max Drawdown (1Y) Largest decline over 1 year	-1.68%	-0.66%	-1.02%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.34%	-0.11%	-0.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.53%	0.17%	+0.36%

Volatility

JSI vs. PSQO - Volatility Comparison

The current volatility for Janus Henderson Securitized Income ETF (JSI) is 0.46%, while Palmer Square Credit Opportunities ETF (PSQO) has a volatility of 0.62%. This indicates that JSI experiences smaller price fluctuations and is considered to be less risky than PSQO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JSI	PSQO	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.46%	0.62%	-0.16%
Volatility (6M) Calculated over the trailing 6-month period	1.68%	1.37%	+0.31%
Volatility (1Y) Calculated over the trailing 1-year period	2.37%	1.71%	+0.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.85%	2.00%	+0.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.85%	2.00%	+0.85%

JSI vs. PSQO - Expense Ratio Comparison

JSI has a 0.50% expense ratio, which is lower than PSQO's 0.52% expense ratio.

Dividends

JSI vs. PSQO - Dividend Comparison

JSI's dividend yield for the trailing twelve months is around 5.91%, more than PSQO's 4.52% yield.

Position	TTM	2025	2024	2023
JSI Janus Henderson Securitized Income ETF	5.91%	5.80%	6.16%	0.84%
PSQO Palmer Square Credit Opportunities ETF	4.52%	4.45%	1.40%	0.00%

Frequently Asked Questions

Can I hold both JSI and PSQO in my portfolio?

JSI and PSQO have a correlation of 0.10, 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 PSQO?

PSQO has higher volatility (0.62%) compared to JSI (0.46%). In terms of maximum drawdown, JSI dropped -2.31% vs PSQO's -0.76%.

Which ETF is better, JSI or PSQO?

On 1-year performance, PSQO leads with 5.37% vs 3.15% for JSI. On fees, JSI is cheaper at 0.50% per year. On volatility, JSI has been the lower-risk option at 0.46%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JSI or PSQO?

Over the 1-year period, PSQO has performed better with a 5.37% return vs 3.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JSI or PSQO?

JSI is cheaper with a 0.50% expense ratio, compared with 0.52% for PSQO.

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

JSI has the higher dividend yield at 5.91%, compared with 4.52% for PSQO.

What is the main difference between JSI and PSQO?

They also come from different issuers: Janus Henderson and Palmer Square. Their fees differ too: 0.50% for JSI and 0.52% for PSQO.

Which has better risk-adjusted returns?

PSQO currently has the higher Sharpe Ratio (3.15 vs 1.33), 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.