SLDR vs. JABS

Last updated Aug 2, 2026

SLDR (Global X Short-Term Treasury Ladder ETF) and JABS (Janus Henderson Asset-Backed Securities ETF) are both exchange-traded funds - SLDR is a Government Bonds fund tracking the FTSE US Treasury 1-3 Years Laddered Bond Index, while JABS is a Short-Term Bond fund actively managed by Janus Henderson. SLDR is passively managed, while JABS is actively managed. Over the past year, SLDR returned 2.45% vs 4.09% for JABS. Their 0.25 correlation means their historical movements had little consistent relationship. SLDR charges 0.12%/yr vs 0.33%/yr for JABS.

Performance

SLDR vs. JABS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Short-Term Treasury Ladder ETF (SLDR) and Janus Henderson Asset-Backed Securities ETF (JABS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SLDR achieves a 0.65% return, which is significantly lower than JABS's 1.90% return.

SLDR

• 1D: -0.03%
• 1M: 0.06%
• 6M: 0.39%
• YTD: 0.65%
• 1Y: 2.45%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 3.12%

JABS

• 1D: 0.04%
• 1M: 0.23%
• 6M: 1.76%
• YTD: 1.90%
• 1Y: 4.09%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 4.35%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
JABS Janus Henderson Asset-Backed Securities ETF	$348.60K	$222.13K	$311.75K
SLDR Global X Short-Term Treasury Ladder ETF	$55.37K	$809.23K	$668.50K

SLDR vs. JABS - Yearly Performance Comparison

	2026 (YTD)	2025
SLDR Global X Short-Term Treasury Ladder ETF	0.65%	2.13%
JABS Janus Henderson Asset-Backed Securities ETF	1.90%	2.49%

Correlation

The correlation between SLDR and JABS is 0.24, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.24
Correlation (All Time) Calculated using the full available price history since Jul 23, 2025	0.25

Return for Risk

SLDR vs. JABS — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SLDR

SLDR Risk / Return Rank: 89
SLDR Sharpe Ratio Rank: 88
SLDR Sortino Ratio Rank: 91
SLDR Omega Ratio Rank: 94
SLDR Calmar Ratio Rank: 85
SLDR Martin Ratio Rank: 85

JABS

JABS Risk / Return Rank: 92
JABS Sharpe Ratio Rank: 89
JABS Sortino Ratio Rank: 93
JABS Omega Ratio Rank: 90
JABS Calmar Ratio Rank: 93
JABS Martin Ratio Rank: 93

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SLDR vs. JABS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Short-Term Treasury Ladder ETF (SLDR) and Janus Henderson Asset-Backed Securities ETF (JABS). 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.

	SLDR	JABS	Difference
Sharpe ratio: Return per unit of total volatility	2.16	2.23	-0.07
Sortino ratio: Return per unit of downside risk	3.29	3.55	-0.25
Omega ratio: Gain probability vs. loss probability	1.50	1.43	+0.07
Calmar ratio: Return relative to maximum drawdown	3.30	4.62	-1.33
Martin ratio: Return relative to average drawdown	12.07	17.77	-5.70

SLDR vs. JABS - Sharpe Ratio Comparison

The current SLDR Sharpe Ratio is 2.16, which is comparable to the JABS Sharpe Ratio of 2.23. The chart below compares the historical Sharpe Ratios of SLDR and JABS, 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

SLDR vs. JABS - Drawdown Comparison

The maximum SLDR drawdown since its inception was -0.87%, smaller than the maximum JABS drawdown of -0.97%. Use the drawdown chart below to compare losses from any high point for SLDR and JABS.

Drawdown Indicators

	SLDR	JABS	Difference
Max Drawdown Largest peak-to-trough decline	-0.87%	-0.97%	+0.10%
Max Drawdown (1Y) Largest decline over 1 year	-0.87%	-0.97%	+0.10%
Current Drawdown Current decline from peak	-0.07%	-0.19%	+0.12%
Average Drawdown Average peak-to-trough decline	-0.14%	-0.17%	+0.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.24%	0.25%	-0.01%

Volatility

SLDR vs. JABS - Volatility Comparison

The current volatility for Global X Short-Term Treasury Ladder ETF (SLDR) is 0.51%, while Janus Henderson Asset-Backed Securities ETF (JABS) has a volatility of 0.74%. This indicates that SLDR experiences smaller price fluctuations and is considered to be less risky than JABS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SLDR	JABS	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.51%	0.74%	-0.23%
Volatility (6M) Calculated over the trailing 6-month period	1.02%	1.46%	-0.44%
Volatility (1Y) Calculated over the trailing 1-year period	1.34%	2.02%	-0.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.28%	2.02%	-0.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.28%	2.02%	-0.74%

SLDR vs. JABS - Expense Ratio Comparison

SLDR has a 0.12% expense ratio, which is lower than JABS's 0.33% expense ratio.

Dividends

SLDR vs. JABS - Dividend Comparison

SLDR's dividend yield for the trailing twelve months is around 3.69%, less than JABS's 4.99% yield.

Position	TTM	2025	2024
JABS Janus Henderson Asset-Backed Securities ETF	4.99%	2.19%	0.00%
SLDR Global X Short-Term Treasury Ladder ETF	3.37%	3.80%	0.98%

Frequently Asked Questions

Can I hold both SLDR and JABS in my portfolio?

SLDR and JABS have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SLDR or JABS?

JABS has higher volatility (0.74%) compared to SLDR (0.51%). In terms of maximum drawdown, SLDR dropped -0.87% vs JABS's -0.97%.

Which ETF is better, SLDR or JABS?

On 1-year performance, JABS leads with 4.09% vs 2.45% for SLDR. On fees, SLDR is cheaper at 0.12% per year. On volatility, SLDR has been the lower-risk option at 0.51%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SLDR or JABS?

Over the 1-year period, JABS has performed better with a 4.09% return vs 2.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SLDR or JABS?

SLDR is cheaper with a 0.12% expense ratio, compared with 0.33% for JABS.

Which ETF pays a higher dividend yield, SLDR or JABS?

JABS has the higher dividend yield at 4.99%, compared with 3.37% for SLDR.

What is the main difference between SLDR and JABS?

SLDR is categorized as Government Bonds, while JABS is Short-Term Bond. They also come from different issuers: Global X and Janus Henderson. Their fees differ too: 0.12% for SLDR and 0.33% for JABS.

Which has better risk-adjusted returns?

JABS currently has the higher Sharpe Ratio (2.23 vs 2.16), 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.