SLDR vs. JABS

Last updated Jun 23, 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. At a 0.30 correlation, their price movements are largely independent. 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 0.28% return, which is significantly lower than JABS's 1.42% return.

SLDR

• 1D: -0.07%
• 1M: 0.22%
• YTD: 0.28%
• 6M: 0.40%
• 1Y: 2.81%
• 3Y*: —
• 5Y*: —
• 10Y*: —

JABS

• 1D: 0.12%
• 1M: 0.40%
• YTD: 1.42%
• 6M: 1.52%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SLDR vs. JABS - Yearly Performance Comparison

	2026 (YTD)	2025
SLDR Global X Short-Term Treasury Ladder ETF	0.28%	2.13%
JABS Janus Henderson Asset-Backed Securities ETF	1.42%	2.49%

Correlation

The correlation between SLDR and JABS is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 23, 2025	0.30

Return for Risk

SLDR vs. JABS — Risk / Return Rank

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

SLDR

SLDR Risk / Return Rank: 75
SLDR Sharpe Ratio Rank: 71
SLDR Sortino Ratio Rank: 81
SLDR Omega Ratio Rank: 88
SLDR Calmar Ratio Rank: 67
SLDR Martin Ratio Rank: 67

JABS

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

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	2.21	—	—
Sortino ratio: Return per unit of downside risk	3.46	—	—
Omega ratio: Gain probability vs. loss probability	1.53	—	—
Calmar ratio: Return relative to maximum drawdown	3.23	—	—
Martin ratio: Return relative to average drawdown	12.12	—	—

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%	—	—
Current Drawdown Current decline from peak	-0.31%	-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	0.23%	—	—

Volatility

Volatility by Period

	SLDR	JABS	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.44%	—	—
Volatility (6M) Calculated over the trailing 6-month period	0.85%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	1.28%	1.98%	-0.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.25%	1.98%	-0.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.25%	1.98%	-0.73%

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 3.72%, less than JABS's 4.18% yield.

Position	TTM	2025	2024
JABS Janus Henderson Asset-Backed Securities ETF	4.18%	2.19%	0.00%
SLDR Global X Short-Term Treasury Ladder ETF	3.72%	3.80%	0.98%

Frequently Asked Questions

Can I hold both SLDR and JABS in my portfolio?

SLDR and JABS have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SLDR or JABS?

On fees, SLDR is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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 4.18%, compared with 3.72% 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.