QLTA vs. JBBB
QLTA (iShares Aaa - A Rated Corporate Bond ETF) and JBBB (Janus Henderson B-BBB CLO ETF) are both exchange-traded funds - QLTA is a Corporate Bonds fund tracking the Bloomberg U.S. Corporate Aaa - A Capped Index, while JBBB is a CLO fund actively managed by Janus Henderson. QLTA is passively managed, while JBBB is actively managed. Over the past 3 years, QLTA returned 4.51%/yr vs 10.60%/yr for JBBB. At a 0.08 correlation, their price movements are largely independent. QLTA charges 0.15%/yr vs 0.49%/yr for JBBB.
Performance
QLTA vs. JBBB - Performance Comparison
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Returns By Period
In the year-to-date period, QLTA achieves a 0.31% return, which is significantly lower than JBBB's 1.86% return.
QLTA
- 1D
- -0.19%
- 1M
- 0.50%
- YTD
- 0.31%
- 6M
- 0.04%
- 1Y
- 5.42%
- 3Y*
- 4.51%
- 5Y*
- 0.10%
- 10Y*
- 2.00%
JBBB
- 1D
- 0.02%
- 1M
- 0.62%
- YTD
- 1.86%
- 6M
- 2.34%
- 1Y
- 5.67%
- 3Y*
- 10.60%
- 5Y*
- —
- 10Y*
- —
QLTA vs. JBBB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
QLTA iShares Aaa - A Rated Corporate Bond ETF | 0.31% | 7.36% | 1.23% | 7.60% | -13.77% |
JBBB Janus Henderson B-BBB CLO ETF | 1.86% | 5.43% | 12.50% | 17.63% | -5.99% |
Correlation
The correlation between QLTA and JBBB is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Jan 13, 2022 | 0.08 |
The correlation between QLTA and JBBB shifts across timeframes, from 0.05 (3 years) to 0.21 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
QLTA vs. JBBB — Risk / Return Rank
QLTA
JBBB
QLTA vs. JBBB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Aaa - A Rated Corporate Bond ETF (QLTA) 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.
| QLTA | JBBB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.46 | ||
| Sortino ratioReturn per unit of downside risk | -0.90 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.37 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.94 | 2.31 | -0.37 |
| Martin ratioReturn relative to average drawdown | 5.80 | 7.84 | -2.05 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| QLTA | JBBB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.25 | 1.70 | -0.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.01 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.29 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 1.31 | -0.91 |
Drawdowns
QLTA vs. JBBB - Drawdown Comparison
The maximum QLTA drawdown since its inception was -22.27%, which is greater than JBBB's maximum drawdown of -10.57%. Use the drawdown chart below to compare losses from any high point for QLTA and JBBB.
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Drawdown Indicators
| QLTA | JBBB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.27% | -10.57% | -11.70% |
Max Drawdown (1Y)Largest decline over 1 year | -2.81% | -2.46% | -0.35% |
Max Drawdown (3Y)Largest decline over 3 years | -6.66% | -3.82% | -2.84% |
Max Drawdown (5Y)Largest decline over 5 years | -21.36% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -22.27% | — | — |
Current DrawdownCurrent decline from peak | -3.41% | 0.00% | -3.41% |
Average DrawdownAverage peak-to-trough decline | -4.68% | -1.58% | -3.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 0.72% | +0.22% |
Volatility
QLTA vs. JBBB - Volatility Comparison
iShares Aaa - A Rated Corporate Bond ETF (QLTA) has a higher volatility of 1.37% compared to Janus Henderson B-BBB CLO ETF (JBBB) at 0.45%. This indicates that QLTA'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
| QLTA | JBBB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.37% | 0.45% | +0.92% |
Volatility (6M)Calculated over the trailing 6-month period | 3.19% | 2.76% | +0.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.37% | 3.34% | +1.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.22% | 5.26% | +1.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.02% | 5.26% | +1.76% |
QLTA vs. JBBB - Expense Ratio Comparison
QLTA has a 0.15% expense ratio, which is lower than JBBB's 0.49% expense ratio.
Dividends
QLTA vs. JBBB - Dividend Comparison
QLTA's dividend yield for the trailing twelve months is around 4.47%, less than JBBB's 7.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JBBB Janus Henderson B-BBB CLO ETF | 7.13% | 8.41% | 9.24% | 8.71% | 5.71% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QLTA iShares Aaa - A Rated Corporate Bond ETF | 4.47% | 4.33% | 4.11% | 3.39% | 2.79% | 1.96% | 2.31% | 2.99% | 3.09% | 2.67% | 2.59% | 2.99% |
Frequently Asked Questions
QLTA and JBBB have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QLTA has higher volatility (1.37%) compared to JBBB (0.45%). In terms of maximum drawdown, QLTA dropped -22.27% vs JBBB's -10.57%.
On 3-year performance, JBBB leads with 10.60% vs 4.51% for QLTA. On fees, QLTA is cheaper at 0.15% per year. On volatility, JBBB has been the lower-risk option at 0.45%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, JBBB has performed better with a 10.60% return vs 4.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QLTA is cheaper with a 0.15% expense ratio, compared with 0.49% for JBBB.
JBBB has the higher dividend yield at 7.13%, compared with 4.47% for QLTA.
QLTA is categorized as Corporate Bonds, while JBBB is CLO. They also come from different issuers: iShares and Janus Henderson. Their fees differ too: 0.15% for QLTA and 0.49% for JBBB.
JBBB currently has the higher Sharpe Ratio (1.70 vs 1.25), 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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