JXX vs. JABS

Last updated Jun 20, 2026

JXX (Janus Henderson Transformational Growth ETF) and JABS (Janus Henderson Asset-Backed Securities ETF) are both exchange-traded funds - JXX is a Large Cap Growth Equities fund actively managed by Janus Henderson, while JABS is a Short-Term Bond fund actively managed by Janus Henderson. Both are actively managed. At a 0.16 correlation, their price movements are largely independent. JXX charges 0.57%/yr vs 0.33%/yr for JABS.

Performance

JXX vs. JABS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Janus Henderson Transformational Growth ETF (JXX) and Janus Henderson Asset-Backed Securities ETF (JABS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JXX achieves a 17.45% return, which is significantly higher than JABS's 1.30% return.

JXX

• 1D: 1.84%
• 1M: 5.66%
• YTD: 17.45%
• 6M: 18.10%
• 1Y: 34.99%
• 3Y*: —
• 5Y*: —
• 10Y*: —

JABS

• 1D: -0.23%
• 1M: 0.27%
• YTD: 1.30%
• 6M: 1.53%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JXX vs. JABS - Yearly Performance Comparison

	2026 (YTD)	2025
JXX Janus Henderson Transformational Growth ETF	17.45%	6.86%
JABS Janus Henderson Asset-Backed Securities ETF	1.30%	2.49%

Correlation

The correlation between JXX and JABS is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 23, 2025	0.16

Return for Risk

JXX vs. JABS — Risk / Return Rank

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

JXX

JXX Risk / Return Rank: 44
JXX Sharpe Ratio Rank: 48
JXX Sortino Ratio Rank: 46
JXX Omega Ratio Rank: 45
JXX Calmar Ratio Rank: 39
JXX Martin Ratio Rank: 40

JABS

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. JABS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Transformational Growth ETF (JXX) and Janus Henderson Asset-Backed Securities ETF (JABS). 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.

	JXX	JABS	Difference
Sharpe ratio: Return per unit of total volatility	1.61	—	—
Sortino ratio: Return per unit of downside risk	2.21	—	—
Omega ratio: Gain probability vs. loss probability	1.28	—	—
Calmar ratio: Return relative to maximum drawdown	1.90	—	—
Martin ratio: Return relative to average drawdown	6.08	—	—

Drawdowns

JXX vs. JABS - Drawdown Comparison

The maximum JXX drawdown since its inception was -23.73%, which is greater than JABS's maximum drawdown of -0.97%. Use the drawdown chart below to compare losses from any high point for JXX and JABS.

Drawdown Indicators

	JXX	JABS	Difference
Max Drawdown Largest peak-to-trough decline	-23.73%	-0.97%	-22.76%
Max Drawdown (1Y) Largest decline over 1 year	-18.02%	—	—
Current Drawdown Current decline from peak	-2.16%	-0.31%	-1.85%
Average Drawdown Average peak-to-trough decline	-5.43%	-0.17%	-5.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.64%	—	—

Volatility

Volatility by Period

	JXX	JABS	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.53%	—	—
Volatility (6M) Calculated over the trailing 6-month period	16.93%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	21.33%	1.98%	+19.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.67%	1.98%	+22.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.67%	1.98%	+22.69%

JXX vs. JABS - Expense Ratio Comparison

JXX has a 0.57% expense ratio, which is higher than JABS's 0.33% expense ratio.

Dividends

JXX vs. JABS - Dividend Comparison

JXX's dividend yield for the trailing twelve months is around 0.01%, less than JABS's 4.19% yield.

Position	TTM	2025
JABS Janus Henderson Asset-Backed Securities ETF	4.19%	2.19%
JXX Janus Henderson Transformational Growth ETF	0.01%	0.04%

Frequently Asked Questions

Can I hold both JXX and JABS in my portfolio?

JXX and JABS have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, JXX or JABS?

On fees, JABS is cheaper at 0.33% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JXX or JABS?

JABS is cheaper with a 0.33% expense ratio, compared with 0.57% for JXX.

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

JABS has the higher dividend yield at 4.19%, compared with 0.01% for JXX.

What is the main difference between JXX and JABS?

JXX is categorized as Large Cap Growth Equities, while JABS is Short-Term Bond. Their fees differ too: 0.57% for JXX and 0.33% for JABS.