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REZ vs. JBBB
Performance
Return for Risk
Drawdowns
Volatility
Dividends

REZ vs. JBBB

Last updated Jun 9, 2026

REZ (iShares Residential Real Estate ETF) and JBBB (Janus Henderson B-BBB CLO ETF) are both exchange-traded funds - REZ is a REIT fund tracking the FTSE NAREIT All Residential Capped Index, while JBBB is a CLO fund actively managed by Janus Henderson. REZ is passively managed, while JBBB is actively managed. Over the past 3 years, REZ returned 9.61%/yr vs 10.39%/yr for JBBB. At a 0.09 correlation, their price movements are largely independent. REZ charges 0.48%/yr vs 0.49%/yr for JBBB.

Performance

REZ vs. JBBB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Residential Real Estate ETF (REZ) and Janus Henderson B-BBB CLO ETF (JBBB). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, REZ achieves a 8.03% return, which is significantly higher than JBBB's 1.88% return.

REZ

1D
-1.64%
1M
-2.07%
YTD
8.03%
6M
6.75%
1Y
10.29%
3Y*
9.61%
5Y*
3.77%
10Y*
6.63%

JBBB

1D
0.53%
1M
0.43%
YTD
1.88%
6M
2.28%
1Y
5.34%
3Y*
10.39%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

REZ vs. JBBB - Yearly Performance Comparison

2026 (YTD)2025202420232022
REZ
iShares Residential Real Estate ETF		8.03%4.80%12.73%10.97%-26.50%
JBBB
Janus Henderson B-BBB CLO ETF		1.88%5.43%12.50%17.63%-5.99%

Correlation

The correlation between REZ and JBBB is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.08

Correlation (3Y)
Calculated over the trailing 3-year period

0.08

Correlation (All Time)
Calculated using the full available price history since Jan 13, 2022

0.09

REZ vs. JBBB - Sectors Allocation Comparison

Sectors
REZ
JBBB

Real Estate

99.4%

-

Financial Services

0.1%
4.2%

Basic Materials

-

-

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Energy

-

-

Healthcare

-

-

Industrials

-

-

Technology

-

-

Utilities

-

-

Real Estate

REZ
99.4%
JBBB

-

Financial Services

REZ
0.1%
JBBB
4.2%

Basic Materials

REZ

-

JBBB

-

Communication Services

REZ

-

JBBB

-

Consumer Cyclical

REZ

-

JBBB

-

Consumer Defensive

REZ

-

JBBB

-

Energy

REZ

-

JBBB

-

Healthcare

REZ

-

JBBB

-

Industrials

REZ

-

JBBB

-

Technology

REZ

-

JBBB

-

Utilities

REZ

-

JBBB

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Residential Real Estate ETF

Janus Henderson B-BBB CLO ETF

Often compared with REZ:
REZ vs. VNQREZ vs. IYRREZ vs. HAUSREZ vs. NUREREZ vs. AVBREZ vs. UREREZ vs. FRESX
Often compared with JBBB:
JBBB vs. JAAAJBBB vs. CLOZJBBB vs. CLOBJBBB vs. SRLNJBBB vs. CLOAJBBB vs. SPHYJBBB vs. FLTR

Return for Risk

REZ vs. JBBB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
REZ
REZ Risk / Return Rank: 2424
Overall Rank
REZ Sharpe Ratio Rank: 2323
Sharpe Ratio Rank
REZ Sortino Ratio Rank: 2121
Sortino Ratio Rank
REZ Omega Ratio Rank: 2121
Omega Ratio Rank
REZ Calmar Ratio Rank: 2727
Calmar Ratio Rank
REZ Martin Ratio Rank: 2828
Martin Ratio Rank
JBBB
JBBB Risk / Return Rank: 5353
Overall Rank
JBBB Sharpe Ratio Rank: 5050
Sharpe Ratio Rank
JBBB Sortino Ratio Rank: 5959
Sortino Ratio Rank
JBBB Omega Ratio Rank: 6161
Omega Ratio Rank
JBBB Calmar Ratio Rank: 4848
Calmar Ratio Rank
JBBB Martin Ratio Rank: 4848
Martin Ratio Rank
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.

REZ vs. JBBB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Residential Real Estate ETF (REZ) 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.

REZJBBBDifference
Sharpe ratioReturn per unit of total volatility
0.71
1.57

-0.86

Sortino ratioReturn per unit of downside risk
1.04
2.51

-1.47

Omega ratioGain probability vs. loss probability

1.13

1.34

-0.21

Calmar ratioReturn relative to maximum drawdown

1.18

2.18

-1.00

Martin ratioReturn relative to average drawdown

3.59

7.38

-3.80

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

REZ vs. JBBB - Sharpe Ratio Comparison

The current REZ Sharpe Ratio is 0.71, which is lower than the JBBB Sharpe Ratio of 1.57. The chart below compares the historical Sharpe Ratios of REZ and JBBB, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

REZJBBBDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.71

1.57

-0.86

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.20

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.31

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.24

1.30

-1.06

Drawdowns

REZ vs. JBBB - Drawdown Comparison

The maximum REZ drawdown since its inception was -66.87%, which is greater than JBBB's maximum drawdown of -10.57%. Use the drawdown chart below to compare losses from any high point for REZ and JBBB.

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Drawdown Indicators

REZJBBBDifference

Max Drawdown

Largest peak-to-trough decline

-66.87%

-10.57%

-56.30%

Max Drawdown (1Y)

Largest decline over 1 year

-8.76%

-2.46%

-6.30%

Max Drawdown (3Y)

Largest decline over 3 years

-18.39%

-3.82%

-14.57%

Max Drawdown (5Y)

Largest decline over 5 years

-35.05%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-44.15%

—

—

Current Drawdown

Current decline from peak

-3.16%

0.00%

-3.16%

Average Drawdown

Average peak-to-trough decline

-12.68%

-1.58%

-11.10%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.87%

0.72%

+2.15%

Volatility

REZ vs. JBBB - Volatility Comparison

iShares Residential Real Estate ETF (REZ) has a higher volatility of 4.85% compared to Janus Henderson B-BBB CLO ETF (JBBB) at 0.88%. This indicates that REZ'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

REZJBBBDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.85%

0.88%

+3.97%

Volatility (6M)

Calculated over the trailing 6-month period

10.94%

2.85%

+8.09%

Volatility (1Y)

Calculated over the trailing 1-year period

14.50%

3.42%

+11.08%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.94%

5.26%

+13.68%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.53%

5.26%

+16.27%

REZ vs. JBBB - Expense Ratio Comparison

REZ has a 0.48% expense ratio, which is lower than JBBB's 0.49% expense ratio.

Dividends

REZ vs. JBBB - Dividend Comparison

REZ's dividend yield for the trailing twelve months is around 2.13%, less than JBBB's 7.12% yield.

PositionTTM20252024202320222021202020192018201720162015
JBBB
Janus Henderson B-BBB CLO ETF		7.12%8.41%9.24%8.71%5.71%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
REZ
iShares Residential Real Estate ETF		2.13%2.74%2.26%2.94%3.37%1.81%3.17%2.90%3.63%3.57%5.55%3.18%

Frequently Asked Questions

REZ and JBBB have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

REZ has higher volatility (4.85%) compared to JBBB (0.88%). In terms of maximum drawdown, REZ dropped -66.87% vs JBBB's -10.57%.

On 3-year performance, JBBB leads with 10.39% vs 9.61% for REZ. On fees, REZ is cheaper at 0.48% per year. On volatility, JBBB has been the lower-risk option at 0.88%. 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 10.39% return vs 9.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

REZ is cheaper with a 0.48% expense ratio, compared with 0.49% for JBBB.

JBBB has the higher dividend yield at 7.12%, compared with 2.13% for REZ.

REZ is categorized as REIT, while JBBB is CLO. They also come from different issuers: iShares and Janus Henderson. Their fees differ too: 0.48% for REZ and 0.49% for JBBB.

JBBB currently has the higher Sharpe Ratio (1.57 vs 0.71), 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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