SCRD vs. JLQD

Last updated Jun 24, 2026

SCRD (Janus Henderson Corporate Bond ETF) and JLQD (Janus Henderson Corporate Bond ETF) are both Corporate Bonds funds from Janus Henderson. SCRD is actively managed, while JLQD is passively managed. Over the past 3 years, SCRD returned 5.65%/yr vs 5.65%/yr for JLQD. With a 1.00 correlation, they move nearly in lockstep. SCRD charges 0.35%/yr vs 0.20%/yr for JLQD.

Performance

SCRD vs. JLQD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Janus Henderson Corporate Bond ETF (SCRD) and Janus Henderson Corporate Bond ETF (JLQD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

As of year-to-date, both investments have demonstrated similar returns, with SCRD at 0.56% and JLQD at 0.56%.

SCRD

• 1D: 0.02%
• 1M: 0.92%
• YTD: 0.56%
• 6M: 0.72%
• 1Y: 5.33%
• 3Y*: 5.65%
• 5Y*: —
• 10Y*: —

JLQD

• 1D: 0.02%
• 1M: 0.92%
• YTD: 0.56%
• 6M: 0.72%
• 1Y: 5.33%
• 3Y*: 5.65%
• 5Y*: —
• 10Y*: —

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

SCRD vs. JLQD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
SCRD Janus Henderson Corporate Bond ETF	0.56%	7.77%	3.21%	8.76%	-15.99%	-1.00%
JLQD Janus Henderson Corporate Bond ETF	0.56%	7.77%	3.21%	8.76%	-15.99%	-1.00%

Correlation

The correlation between SCRD and JLQD is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	1.00
Correlation (3Y) Calculated over the trailing 3-year period	1.00
Correlation (All Time) Calculated using the full available price history since Sep 9, 2021	1.00

The correlation between SCRD and JLQD has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.

Return for Risk

SCRD vs. JLQD — Risk / Return Rank

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

SCRD

SCRD Risk / Return Rank: 43
SCRD Sharpe Ratio Rank: 44
SCRD Sortino Ratio Rank: 45
SCRD Omega Ratio Rank: 43
SCRD Calmar Ratio Rank: 40
SCRD Martin Ratio Rank: 42

JLQD

JLQD Risk / Return Rank: 43
JLQD Sharpe Ratio Rank: 44
JLQD Sortino Ratio Rank: 45
JLQD Omega Ratio Rank: 43
JLQD Calmar Ratio Rank: 40
JLQD Martin Ratio Rank: 42

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.

SCRD vs. JLQD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Corporate Bond ETF (SCRD) and Janus Henderson Corporate Bond ETF (JLQD). 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.

	SCRD	JLQD	Difference
Sharpe ratio: Return per unit of total volatility	1.42	1.42	0.00
Sortino ratio: Return per unit of downside risk	2.10	2.10	0.00
Omega ratio: Gain probability vs. loss probability	1.26	1.26	0.00
Calmar ratio: Return relative to maximum drawdown	1.87	1.87	0.00
Martin ratio: Return relative to average drawdown	6.33	6.33	0.00

SCRD vs. JLQD - Sharpe Ratio Comparison

The current SCRD Sharpe Ratio is 1.42, which is comparable to the JLQD Sharpe Ratio of 1.42. The chart below compares the historical Sharpe Ratios of SCRD and JLQD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SCRD vs. JLQD - Drawdown Comparison

The maximum SCRD drawdown since its inception was -21.17%, roughly equal to the maximum JLQD drawdown of -21.17%. Use the drawdown chart below to compare losses from any high point for SCRD and JLQD.

Drawdown Indicators

	SCRD	JLQD	Difference
Max Drawdown Largest peak-to-trough decline	-21.17%	-21.17%	0.00%
Max Drawdown (1Y) Largest decline over 1 year	-2.87%	-2.87%	0.00%
Max Drawdown (3Y) Largest decline over 3 years	-6.84%	-6.84%	0.00%
Current Drawdown Current decline from peak	-0.66%	-0.66%	0.00%
Average Drawdown Average peak-to-trough decline	-8.68%	-8.68%	0.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.84%	0.84%	0.00%

Volatility

SCRD vs. JLQD - Volatility Comparison

Janus Henderson Corporate Bond ETF (SCRD) and Janus Henderson Corporate Bond ETF (JLQD) have volatilities of 0.93% and 0.93%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SCRD	JLQD	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.93%	0.93%	0.00%
Volatility (6M) Calculated over the trailing 6-month period	2.81%	2.81%	0.00%
Volatility (1Y) Calculated over the trailing 1-year period	3.78%	3.78%	0.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.29%	6.29%	0.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.29%	6.29%	0.00%

SCRD vs. JLQD - Expense Ratio Comparison

SCRD has a 0.35% expense ratio, which is higher than JLQD's 0.20% expense ratio.

Dividends

SCRD vs. JLQD - Dividend Comparison

SCRD's dividend yield for the trailing twelve months is around 5.43%, which matches JLQD's 5.43% yield.

Position	TTM	2025	2024	2023	2022	2021
JLQD Janus Henderson Corporate Bond ETF	5.43%	5.28%	5.36%	3.99%	2.77%	0.83%
SCRD Janus Henderson Corporate Bond ETF	5.43%	5.28%	5.36%	3.99%	2.77%	0.83%

Frequently Asked Questions

Can I hold both SCRD and JLQD in my portfolio?

With a correlation of 1.00, SCRD and JLQD move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, SCRD or JLQD?

JLQD has higher volatility (0.93%) compared to SCRD (0.93%). In terms of maximum drawdown, SCRD dropped -21.17% vs JLQD's -21.17%.

Which ETF is better, SCRD or JLQD?

On 3-year performance, JLQD leads with 5.65% vs 5.65% for SCRD. On fees, JLQD is cheaper at 0.20% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SCRD or JLQD?

Over the 3-year period, JLQD has performed better with a 5.65% return vs 5.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SCRD or JLQD?

JLQD is cheaper with a 0.20% expense ratio, compared with 0.35% for SCRD.

Which ETF pays a higher dividend yield, SCRD or JLQD?

SCRD and JLQD have nearly identical dividend yields, around 5.43%.

What is the main difference between SCRD and JLQD?

Their fees differ too: 0.35% for SCRD and 0.20% for JLQD.

Which has better risk-adjusted returns?

JLQD currently has the higher Sharpe Ratio (1.42 vs 1.42), 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.