MPV vs. JBBB
MPV (Barings Participation Investors) is a stock, while JBBB (Janus Henderson B-BBB CLO ETF) is CLO fund actively managed by Janus Henderson. Over the past 3 years, MPV returned 17.09%/yr vs 7.89%/yr for JBBB. Their 0.08 correlation means their historical movements had little consistent relationship.
Performance
MPV vs. JBBB - Performance Comparison
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Returns By Period
In the year-to-date period, MPV achieves a 4.35% return, which is significantly higher than JBBB's 2.82% return.
MPV
- 1D
- -0.18%
- 1M
- -0.61%
- 6M
- -11.09%
- YTD
- 4.35%
- 1Y
- -7.64%
- 3Y*
- 17.09%
- 5Y*
- 11.68%
- 10Y*
- 8.71%
- ALL TIME*
- 9.16%
JBBB
- 1D
- 0.08%
- 1M
- 0.40%
- 6M
- 1.57%
- YTD
- 2.82%
- 1Y
- 5.11%
- 3Y*
- 7.89%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.91%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $12.85M | $12.74M | $15.80M | |
| $311.11K | $252.14K | $238.89K |
MPV vs. JBBB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
MPV Barings Participation Investors | 4.35% | 0.74% | 20.52% | 39.14% | -8.52% |
JBBB Janus Henderson B-BBB CLO ETF | 2.82% | 4.40% | 10.72% | 16.91% | -6.51% |
Correlation
The correlation between MPV and JBBB is 0.09, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.09 |
Correlation (3Y) Balances recent behavior with more history. | 0.06 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2022 | 0.08 |
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Return for Risk
MPV vs. JBBB — Risk / Return Rank
MPV
JBBB
MPV vs. JBBB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Barings Participation Investors (MPV) and Janus Henderson B-BBB CLO ETF (JBBB). 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.
| MPV | JBBB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.80 | ||
| Sortino ratioReturn per unit of downside risk | -2.64 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.33 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.37 | 2.08 | -2.45 |
| Martin ratioReturn relative to average drawdown | -0.82 | 6.99 | -7.81 |
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Drawdowns
MPV vs. JBBB - Drawdown Comparison
The maximum MPV drawdown since its inception was -54.02%, which is greater than JBBB's maximum drawdown of -10.79%. Use the drawdown chart below to compare losses from any high point for MPV and JBBB.
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Drawdown Indicators
| MPV | JBBB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.02% | -10.79% | -43.23% |
Max Drawdown (1Y)Largest decline over 1 year | -20.76% | -2.46% | -18.30% |
Max Drawdown (3Y)Largest decline over 3 years | -20.76% | -4.35% | -16.41% |
Max Drawdown (5Y)Largest decline over 5 years | -22.63% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -54.02% | — | — |
Current DrawdownCurrent decline from peak | -16.27% | 0.00% | -16.27% |
Average DrawdownAverage peak-to-trough decline | -7.78% | -1.66% | -6.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.31% | 0.73% | +8.58% |
Volatility
MPV vs. JBBB - Volatility Comparison
Barings Participation Investors (MPV) has a higher volatility of 5.66% compared to Janus Henderson B-BBB CLO ETF (JBBB) at 0.39%. This indicates that MPV's price experiences larger fluctuations and is considered to be riskier than JBBB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MPV | JBBB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.66% | 0.39% | +5.27% |
Volatility (6M)Calculated over the trailing 6-month period | 16.20% | 3.06% | +13.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.18% | 3.43% | +21.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.31% | 5.16% | +16.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.92% | 5.16% | +20.76% |
Dividends
MPV vs. JBBB - Dividend Comparison
MPV's dividend yield for the trailing twelve months is around 9.12%, more than JBBB's 6.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JBBB Janus Henderson B-BBB CLO ETF | 6.53% | 7.41% | 7.65% | 8.10% | 5.03% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MPV Barings Participation Investors | 9.12% | 9.31% | 9.19% | 8.27% | 6.98% | 5.41% | 6.73% | 6.70% | 7.18% | 7.66% | 7.61% | 7.86% |
Frequently Asked Questions
MPV and JBBB have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MPV has higher volatility (5.66%) compared to JBBB (0.39%). In terms of maximum drawdown, MPV dropped -54.02% vs JBBB's -10.79%.
JBBB currently has the higher Sharpe Ratio (1.50 vs -0.30), 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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