JXX vs. ILCB

Last updated Jun 5, 2026

JXX (Janus Henderson Transformational Growth ETF) and ILCB (iShares Morningstar U.S. Equity ETF) are both Large Cap Growth Equities funds. JXX is actively managed, while ILCB is passively managed. Over the past year, JXX returned 38.60% vs 28.46% for ILCB. Their correlation of 0.83 suggests significant overlap in exposure. JXX charges 0.57%/yr vs 0.03%/yr for ILCB.

Performance

JXX vs. ILCB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Janus Henderson Transformational Growth ETF (JXX) and iShares Morningstar U.S. Equity ETF (ILCB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JXX achieves a 18.71% return, which is significantly higher than ILCB's 11.56% return.

JXX

• 1D: 0.44%
• 1M: 10.79%
• YTD: 18.71%
• 6M: 17.45%
• 1Y: 38.60%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ILCB

• 1D: 0.40%
• 1M: 4.85%
• YTD: 11.56%
• 6M: 11.45%
• 1Y: 28.46%
• 3Y*: 22.90%
• 5Y*: 13.55%
• 10Y*: 14.98%

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

JXX vs. ILCB - Yearly Performance Comparison

	2026 (YTD)	2025
JXX Janus Henderson Transformational Growth ETF	18.71%	10.47%
ILCB iShares Morningstar U.S. Equity ETF	11.56%	13.73%

Correlation

The correlation between JXX and ILCB is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.81
Correlation (All Time) Calculated using the full available price history since Feb 6, 2025	0.83

The correlation between JXX and ILCB has been stable across timeframes, ranging from 0.81 to 0.83 - a consistent structural relationship.

Return for Risk

JXX vs. ILCB — Risk / Return Rank

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

JXX

JXX Risk / Return Rank: 51
JXX Sharpe Ratio Rank: 58
JXX Sortino Ratio Rank: 55
JXX Omega Ratio Rank: 53
JXX Calmar Ratio Rank: 44
JXX Martin Ratio Rank: 44

ILCB

ILCB Risk / Return Rank: 72
ILCB Sharpe Ratio Rank: 74
ILCB Sortino Ratio Rank: 73
ILCB Omega Ratio Rank: 73
ILCB Calmar Ratio Rank: 64
ILCB Martin Ratio Rank: 76

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.

JXX vs. ILCB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Transformational Growth ETF (JXX) and iShares Morningstar U.S. Equity ETF (ILCB). 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.

	JXX	ILCB	Difference
Sharpe ratio: Return per unit of total volatility	1.92	2.38	-0.46
Sortino ratio: Return per unit of downside risk	2.61	3.24	-0.63
Omega ratio: Gain probability vs. loss probability	1.33	1.43	-0.10
Calmar ratio: Return relative to maximum drawdown	2.15	3.14	-0.99
Martin ratio: Return relative to average drawdown	6.99	14.46	-7.47
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JXX vs. ILCB - Sharpe Ratio Comparison

The current JXX Sharpe Ratio is 1.92, which is comparable to the ILCB Sharpe Ratio of 2.38. The chart below compares the historical Sharpe Ratios of JXX and ILCB, 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

	JXX	ILCB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.92	2.38	-0.46
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.79	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.83	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.94	0.64	+0.30

Drawdowns

JXX vs. ILCB - Drawdown Comparison

The maximum JXX drawdown since its inception was -23.73%, smaller than the maximum ILCB drawdown of -51.53%. Use the drawdown chart below to compare losses from any high point for JXX and ILCB.

Drawdown Indicators

	JXX	ILCB	Difference
Max Drawdown Largest peak-to-trough decline	-23.73%	-51.53%	+27.80%
Max Drawdown (1Y) Largest decline over 1 year	-18.02%	-9.09%	-8.93%
Max Drawdown (3Y) Largest decline over 3 years	—	-19.05%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-25.47%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-35.30%	—
Current Drawdown Current decline from peak	-1.11%	-0.27%	-0.84%
Average Drawdown Average peak-to-trough decline	-5.46%	-6.23%	+0.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.54%	1.97%	+3.57%

Volatility

JXX vs. ILCB - Volatility Comparison

Janus Henderson Transformational Growth ETF (JXX) has a higher volatility of 6.45% compared to iShares Morningstar U.S. Equity ETF (ILCB) at 2.83%. This indicates that JXX's price experiences larger fluctuations and is considered to be riskier than ILCB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JXX	ILCB	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.45%	2.83%	+3.62%
Volatility (6M) Calculated over the trailing 6-month period	15.62%	9.11%	+6.51%
Volatility (1Y) Calculated over the trailing 1-year period	20.21%	12.01%	+8.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.28%	17.12%	+7.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.28%	18.16%	+6.12%

JXX vs. ILCB - Expense Ratio Comparison

JXX has a 0.57% expense ratio, which is higher than ILCB's 0.03% expense ratio.

Dividends

JXX vs. ILCB - Dividend Comparison

JXX's dividend yield for the trailing twelve months is around 0.01%, less than ILCB's 0.96% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ILCB iShares Morningstar U.S. Equity ETF	0.96%	1.11%	1.19%	1.43%	1.65%	1.16%	1.26%	2.25%	2.17%	1.81%	1.97%	2.44%
JXX Janus Henderson Transformational Growth ETF	0.01%	0.04%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JXX and ILCB in my portfolio?

JXX and ILCB have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JXX or ILCB?

JXX has higher volatility (6.45%) compared to ILCB (2.83%). In terms of maximum drawdown, JXX dropped -23.73% vs ILCB's -51.53%.

Which ETF is better, JXX or ILCB?

On 1-year performance, JXX leads with 38.60% vs 28.46% for ILCB. On fees, ILCB is cheaper at 0.03% per year. On volatility, ILCB has been the lower-risk option at 2.83%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JXX or ILCB?

Over the 1-year period, JXX has performed better with a 38.60% return vs 28.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JXX or ILCB?

ILCB is cheaper with a 0.03% expense ratio, compared with 0.57% for JXX.

Which ETF pays a higher dividend yield, JXX or ILCB?

ILCB has the higher dividend yield at 0.96%, compared with 0.01% for JXX.

What is the main difference between JXX and ILCB?

They also come from different issuers: Janus Henderson and iShares. Their fees differ too: 0.57% for JXX and 0.03% for ILCB.

Which has better risk-adjusted returns?

ILCB currently has the higher Sharpe Ratio (2.38 vs 1.92), 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.