NBSD vs. JSI

Last updated Jun 4, 2026

NBSD (Neuberger Berman Short Duration Income ETF) and JSI (Janus Henderson Securitized Income ETF) are both Short-Term Bond funds. Both are actively managed. Over the past year, NBSD returned 4.72% vs 4.72% for JSI. At a 0.47 correlation, their price movements are largely independent. NBSD charges 0.35%/yr vs 0.50%/yr for JSI.

Performance

NBSD vs. JSI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Neuberger Berman Short Duration Income ETF (NBSD) and Janus Henderson Securitized Income ETF (JSI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NBSD achieves a 0.83% return, which is significantly lower than JSI's 0.99% return.

NBSD

• 1D: -0.04%
• 1M: 0.20%
• YTD: 0.83%
• 6M: 1.27%
• 1Y: 4.72%
• 3Y*: —
• 5Y*: —
• 10Y*: —

JSI

• 1D: -0.12%
• 1M: 0.24%
• YTD: 0.99%
• 6M: 1.47%
• 1Y: 4.72%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NBSD vs. JSI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
NBSD Neuberger Berman Short Duration Income ETF	0.83%	6.18%	3.97%
JSI Janus Henderson Securitized Income ETF	0.99%	6.46%	3.86%

Correlation

The correlation between NBSD and JSI is 0.55, 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	0.55
Correlation (All Time) Calculated using the full available price history since Jun 25, 2024	0.47

The correlation between NBSD and JSI has been stable across timeframes, ranging from 0.47 to 0.55 - a consistent structural relationship.

Return for Risk

NBSD vs. JSI — Risk / Return Rank

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

NBSD

NBSD Risk / Return Rank: 90
NBSD Sharpe Ratio Rank: 91
NBSD Sortino Ratio Rank: 95
NBSD Omega Ratio Rank: 95
NBSD Calmar Ratio Rank: 79
NBSD Martin Ratio Rank: 90

JSI

JSI Risk / Return Rank: 58
JSI Sharpe Ratio Rank: 58
JSI Sortino Ratio Rank: 57
JSI Omega Ratio Rank: 67
JSI Calmar Ratio Rank: 56
JSI Martin Ratio Rank: 53

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.

NBSD vs. JSI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman Short Duration Income ETF (NBSD) and Janus Henderson Securitized Income ETF (JSI). 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.

	NBSD	JSI	Difference
Sharpe ratio: Return per unit of total volatility	3.24	1.99	+1.24
Sortino ratio: Return per unit of downside risk	5.32	2.77	+2.54
Omega ratio: Gain probability vs. loss probability	1.71	1.41	+0.30
Calmar ratio: Return relative to maximum drawdown	4.00	2.82	+1.18
Martin ratio: Return relative to average drawdown	20.74	9.18	+11.56
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NBSD vs. JSI - Sharpe Ratio Comparison

The current NBSD Sharpe Ratio is 3.24, which is higher than the JSI Sharpe Ratio of 1.99. The chart below compares the historical Sharpe Ratios of NBSD and JSI, 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

	NBSD	JSI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.24	1.99	+1.24
Sharpe Ratio (All Time) Calculated using the full available price history	2.05	2.49	-0.44

Drawdowns

NBSD vs. JSI - Drawdown Comparison

The maximum NBSD drawdown since its inception was -2.63%, which is greater than JSI's maximum drawdown of -2.31%. Use the drawdown chart below to compare losses from any high point for NBSD and JSI.

Drawdown Indicators

	NBSD	JSI	Difference
Max Drawdown Largest peak-to-trough decline	-2.63%	-2.31%	-0.32%
Max Drawdown (1Y) Largest decline over 1 year	-1.19%	-1.68%	+0.49%
Current Drawdown Current decline from peak	-0.14%	-0.46%	+0.32%
Average Drawdown Average peak-to-trough decline	-0.23%	-0.34%	+0.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.23%	0.52%	-0.29%

Volatility

NBSD vs. JSI - Volatility Comparison

The current volatility for Neuberger Berman Short Duration Income ETF (NBSD) is 0.35%, while Janus Henderson Securitized Income ETF (JSI) has a volatility of 0.66%. This indicates that NBSD experiences smaller price fluctuations and is considered to be less risky than JSI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NBSD	JSI	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.35%	0.66%	-0.31%
Volatility (6M) Calculated over the trailing 6-month period	1.01%	1.53%	-0.52%
Volatility (1Y) Calculated over the trailing 1-year period	1.47%	2.38%	-0.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.78%	2.88%	-0.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.78%	2.88%	-0.10%

NBSD vs. JSI - Expense Ratio Comparison

NBSD has a 0.35% expense ratio, which is lower than JSI's 0.50% expense ratio.

Dividends

NBSD vs. JSI - Dividend Comparison

NBSD's dividend yield for the trailing twelve months is around 4.81%, less than JSI's 5.80% yield.

Position	TTM	2025	2024	2023
JSI Janus Henderson Securitized Income ETF	5.80%	5.80%	6.16%	0.84%
NBSD Neuberger Berman Short Duration Income ETF	4.81%	5.06%	2.96%	0.00%

Frequently Asked Questions

Can I hold both NBSD and JSI in my portfolio?

NBSD and JSI have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NBSD or JSI?

JSI has higher volatility (0.66%) compared to NBSD (0.35%). In terms of maximum drawdown, NBSD dropped -2.63% vs JSI's -2.31%.

Which ETF is better, NBSD or JSI?

On 1-year performance, JSI leads with 4.72% vs 4.72% for NBSD. On fees, NBSD is cheaper at 0.35% per year. On volatility, NBSD has been the lower-risk option at 0.35%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NBSD or JSI?

Over the 1-year period, JSI 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.

Which ETF is cheaper, NBSD or JSI?

NBSD is cheaper with a 0.35% expense ratio, compared with 0.50% for JSI.

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

JSI has the higher dividend yield at 5.80%, compared with 4.81% for NBSD.

What is the main difference between NBSD and JSI?

They also come from different issuers: Neuberger Berman and Janus Henderson. Their fees differ too: 0.35% for NBSD and 0.50% for JSI.

Which has better risk-adjusted returns?

NBSD currently has the higher Sharpe Ratio (3.24 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.