SCRD vs. USIG
SCRD (Janus Henderson Corporate Bond ETF) and USIG (iShares Broad USD Investment Grade Corporate Bond ETF) are both Corporate Bonds funds. SCRD is actively managed, while USIG is passively managed. Over the past 3 years, SCRD returned 5.54%/yr vs 5.46%/yr for USIG. Their correlation of 0.95 suggests significant overlap in exposure. SCRD charges 0.35%/yr vs 0.04%/yr for USIG.
Performance
SCRD vs. USIG - Performance Comparison
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Returns By Period
In the year-to-date period, SCRD achieves a 0.24% return, which is significantly lower than USIG's 0.56% return.
SCRD
- 1D
- -0.21%
- 1M
- 0.42%
- YTD
- 0.24%
- 6M
- 0.13%
- 1Y
- 6.25%
- 3Y*
- 5.54%
- 5Y*
- —
- 10Y*
- —
USIG
- 1D
- -0.23%
- 1M
- 0.56%
- YTD
- 0.56%
- 6M
- 0.37%
- 1Y
- 6.04%
- 3Y*
- 5.46%
- 5Y*
- 0.72%
- 10Y*
- 2.63%
SCRD vs. USIG - 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% |
USIG iShares Broad USD Investment Grade Corporate Bond ETF | 0.56% | 7.86% | 2.56% | 8.71% | -15.30% | -1.47% |
Correlation
The correlation between SCRD and USIG is 0.95 - 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 | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Sep 10, 2021 | 0.95 |
The correlation between SCRD and USIG has been stable across timeframes, ranging from 0.95 to 0.97 - a consistent structural relationship.
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Return for Risk
SCRD vs. USIG — Risk / Return Rank
SCRD
USIG
SCRD vs. USIG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Corporate Bond ETF (SCRD) and iShares Broad USD Investment Grade Corporate Bond ETF (USIG). 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 | USIG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.15 | ||
| Sortino ratioReturn per unit of downside risk | +0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.26 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.19 | 2.17 | +0.02 |
| Martin ratioReturn relative to average drawdown | 7.63 | 7.07 | +0.56 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SCRD | USIG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.62 | 1.47 | +0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.11 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.39 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.02 | 0.54 | -0.52 |
Drawdowns
SCRD vs. USIG - Drawdown Comparison
The maximum SCRD drawdown since its inception was -21.17%, roughly equal to the maximum USIG drawdown of -22.21%. Use the drawdown chart below to compare losses from any high point for SCRD and USIG.
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Drawdown Indicators
| SCRD | USIG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.17% | -22.21% | +1.04% |
Max Drawdown (1Y)Largest decline over 1 year | -2.87% | -2.79% | -0.08% |
Max Drawdown (3Y)Largest decline over 3 years | -6.84% | -6.10% | -0.74% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.45% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.45% | — |
Current DrawdownCurrent decline from peak | -0.97% | -0.97% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -8.77% | -3.42% | -5.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.82% | 0.86% | -0.04% |
Volatility
SCRD vs. USIG - Volatility Comparison
Janus Henderson Corporate Bond ETF (SCRD) and iShares Broad USD Investment Grade Corporate Bond ETF (USIG) have volatilities of 1.25% and 1.27%, 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.
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Volatility by Period
| SCRD | USIG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.25% | 1.27% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 2.78% | 3.04% | -0.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.88% | 4.13% | -0.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.32% | 6.82% | -0.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.32% | 6.82% | -0.50% |
SCRD vs. USIG - Expense Ratio Comparison
SCRD has a 0.35% expense ratio, which is higher than USIG's 0.04% expense ratio.
Dividends
SCRD vs. USIG - Dividend Comparison
SCRD's dividend yield for the trailing twelve months is around 5.44%, more than USIG's 4.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCRD Janus Henderson Corporate Bond ETF | 5.44% | 5.28% | 5.36% | 3.99% | 2.77% | 0.83% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
USIG iShares Broad USD Investment Grade Corporate Bond ETF | 4.74% | 4.62% | 4.51% | 3.94% | 3.14% | 2.33% | 2.82% | 3.37% | 3.44% | 3.03% | 2.87% | 3.24% |
Frequently Asked Questions
With a correlation of 0.95, SCRD and USIG 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.
USIG has higher volatility (1.27%) compared to SCRD (1.25%). In terms of maximum drawdown, SCRD dropped -21.17% vs USIG's -22.21%.
On 3-year performance, SCRD leads with 5.54% vs 5.46% for USIG. On fees, USIG is cheaper at 0.04% per year. Their volatility is very similar. 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 5.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
USIG is cheaper with a 0.04% expense ratio, compared with 0.35% for SCRD.
SCRD has the higher dividend yield at 5.44%, compared with 4.74% for USIG.
They also come from different issuers: Janus Henderson and iShares. Their fees differ too: 0.35% for SCRD and 0.04% for USIG.
SCRD currently has the higher Sharpe Ratio (1.62 vs 1.47), 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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