SCRD vs. JMBS
SCRD (Janus Henderson Corporate Bond ETF) and JMBS (Janus Henderson Mortgage-Backed Securities ETF) are both exchange-traded funds - SCRD is a Corporate Bonds fund actively managed by Janus Henderson, while JMBS is a Mortgage Backed Securities fund actively managed by Janus Henderson. Both are actively managed. Over the past 3 years, SCRD returned 5.54%/yr vs 4.66%/yr for JMBS. Their correlation of 0.86 suggests significant overlap in exposure. SCRD charges 0.35%/yr vs 0.32%/yr for JMBS.
Performance
SCRD vs. JMBS - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SCRD achieves a 0.24% return, which is significantly lower than JMBS's 0.51% return.
SCRD
- 1D
- -0.21%
- 1M
- 0.42%
- YTD
- 0.24%
- 6M
- 0.13%
- 1Y
- 6.25%
- 3Y*
- 5.54%
- 5Y*
- —
- 10Y*
- —
JMBS
- 1D
- -0.29%
- 1M
- 0.29%
- YTD
- 0.51%
- 6M
- 0.73%
- 1Y
- 7.18%
- 3Y*
- 4.66%
- 5Y*
- 0.74%
- 10Y*
- —
SCRD vs. JMBS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SCRD Janus Henderson Corporate Bond ETF | 0.24% | 7.77% | 3.21% | 8.76% | -15.99% | -1.25% |
JMBS Janus Henderson Mortgage-Backed Securities ETF | 0.51% | 8.82% | 1.53% | 5.66% | -11.40% | -0.73% |
Correlation
The correlation between SCRD and JMBS is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Sep 10, 2021 | 0.86 |
The correlation between SCRD and JMBS has been stable across timeframes, ranging from 0.86 to 0.89 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SCRD vs. JMBS — Risk / Return Rank
SCRD
JMBS
SCRD vs. JMBS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Corporate Bond ETF (SCRD) and Janus Henderson Mortgage-Backed Securities ETF (JMBS). 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.
| SCRD | JMBS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.31 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.19 | 2.36 | -0.17 |
| Martin ratioReturn relative to average drawdown | 7.63 | 7.80 | -0.17 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| SCRD | JMBS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.62 | 1.67 | -0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.11 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.02 | 0.42 | -0.40 |
Drawdowns
SCRD vs. JMBS - Drawdown Comparison
The maximum SCRD drawdown since its inception was -21.17%, which is greater than JMBS's maximum drawdown of -16.68%. Use the drawdown chart below to compare losses from any high point for SCRD and JMBS.
Loading charts...
Drawdown Indicators
| SCRD | JMBS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.17% | -16.68% | -4.49% |
Max Drawdown (1Y)Largest decline over 1 year | -2.87% | -3.05% | +0.18% |
Max Drawdown (3Y)Largest decline over 3 years | -6.84% | -7.76% | +0.92% |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.68% | — |
Current DrawdownCurrent decline from peak | -0.97% | -1.66% | +0.69% |
Average DrawdownAverage peak-to-trough decline | -8.77% | -3.90% | -4.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.82% | 0.92% | -0.10% |
Volatility
SCRD vs. JMBS - Volatility Comparison
The current volatility for Janus Henderson Corporate Bond ETF (SCRD) is 1.25%, while Janus Henderson Mortgage-Backed Securities ETF (JMBS) has a volatility of 1.65%. This indicates that SCRD experiences smaller price fluctuations and is considered to be less risky than JMBS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SCRD | JMBS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.25% | 1.65% | -0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 2.78% | 3.23% | -0.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.88% | 4.31% | -0.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.32% | 6.49% | -0.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.32% | 5.52% | +0.80% |
SCRD vs. JMBS - Expense Ratio Comparison
SCRD has a 0.35% expense ratio, which is higher than JMBS's 0.32% expense ratio.
Dividends
SCRD vs. JMBS - Dividend Comparison
SCRD's dividend yield for the trailing twelve months is around 5.44%, more than JMBS's 5.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
JMBS Janus Henderson Mortgage-Backed Securities ETF | 5.19% | 5.03% | 5.53% | 4.38% | 2.73% | 1.16% | 2.92% | 3.63% | 0.89% |
SCRD Janus Henderson Corporate Bond ETF | 5.44% | 5.28% | 5.36% | 3.99% | 2.77% | 0.83% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SCRD and JMBS have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JMBS has higher volatility (1.65%) compared to SCRD (1.25%). In terms of maximum drawdown, SCRD dropped -21.17% vs JMBS's -16.68%.
On 3-year performance, SCRD leads with 5.54% vs 4.66% for JMBS. On fees, JMBS is cheaper at 0.32% per year. On volatility, SCRD has been the lower-risk option at 1.25%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, SCRD has performed better with a 5.54% return vs 4.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
JMBS is cheaper with a 0.32% expense ratio, compared with 0.35% for SCRD.
SCRD has the higher dividend yield at 5.44%, compared with 5.19% for JMBS.
SCRD is categorized as Corporate Bonds, while JMBS is Mortgage Backed Securities. Their fees differ too: 0.35% for SCRD and 0.32% for JMBS.
JMBS currently has the higher Sharpe Ratio (1.67 vs 1.62), 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.
Find the right allocation for SCRD and JMBS
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer