WANT vs. JBBB

Last updated Jul 18, 2026

WANT (Direxion Daily Consumer Discretionary Bull 3X Shares) and JBBB (Janus Henderson B-BBB CLO ETF) are both exchange-traded funds - WANT is a Leveraged Equities fund tracking the S&P Consumer Discretionary Select Sector Index (-300%), while JBBB is a CLO fund actively managed by Janus Henderson. WANT is passively managed, while JBBB is actively managed. Over the past 3 years, WANT returned 4.76%/yr vs 8.26%/yr for JBBB. At a 0.16 correlation, their price movements are largely independent. WANT charges 0.98%/yr vs 0.49%/yr for JBBB.

Performance

WANT vs. JBBB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Consumer Discretionary Bull 3X Shares (WANT) and Janus Henderson B-BBB CLO ETF (JBBB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WANT achieves a -18.75% return, which is significantly lower than JBBB's 2.53% return.

WANT

• 1D: -4.96%
• 1M: -1.79%
• 6M: -23.75%
• YTD: -18.75%
• 1Y: -4.72%
• 3Y*: 4.76%
• 5Y*: -8.57%
• 10Y*: —

JBBB

• 1D: 0.00%
• 1M: 0.51%
• 6M: 1.73%
• YTD: 2.53%
• 1Y: 5.37%
• 3Y*: 8.26%
• 5Y*: —
• 10Y*: —

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

WANT vs. JBBB - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
WANT Direxion Daily Consumer Discretionary Bull 3X Shares	-18.75%	-6.94%	60.52%	114.43%	-81.85%
JBBB Janus Henderson B-BBB CLO ETF	2.53%	4.40%	10.72%	16.91%	-6.51%

Correlation

The correlation between WANT and JBBB is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.39
Correlation (3Y) Calculated over the trailing 3-year period	0.21
Correlation (All Time) Calculated using the full available price history since Jan 12, 2022	0.16

Over the past year, WANT and JBBB have become more correlated (0.39) than their long-term average of 0.16, meaning their price movements have been converging.

Return for Risk

WANT vs. JBBB — Risk / Return Rank

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

WANT

WANT Risk / Return Rank: 10
WANT Sharpe Ratio Rank: 9
WANT Sortino Ratio Rank: 11
WANT Omega Ratio Rank: 11
WANT Calmar Ratio Rank: 9
WANT Martin Ratio Rank: 9

JBBB

JBBB Risk / Return Rank: 61
JBBB Sharpe Ratio Rank: 57
JBBB Sortino Ratio Rank: 67
JBBB Omega Ratio Rank: 71
JBBB Calmar Ratio Rank: 54
JBBB Martin Ratio Rank: 54

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.

WANT vs. JBBB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Consumer Discretionary Bull 3X Shares (WANT) and Janus Henderson B-BBB CLO ETF (JBBB). 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.

	WANT	JBBB	Difference
Sharpe ratio: Return per unit of total volatility	-0.09	1.55	-1.64
Sortino ratio: Return per unit of downside risk	0.27	2.45	-2.18
Omega ratio: Gain probability vs. loss probability	1.03	1.33	-0.30
Calmar ratio: Return relative to maximum drawdown	-0.11	2.19	-2.30
Martin ratio: Return relative to average drawdown	-0.27	7.33	-7.60

WANT vs. JBBB - Sharpe Ratio Comparison

The current WANT Sharpe Ratio is -0.09, which is lower than the JBBB Sharpe Ratio of 1.55. The chart below compares the historical Sharpe Ratios of WANT and JBBB, 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

WANT vs. JBBB - Drawdown Comparison

The maximum WANT drawdown since its inception was -85.89%, which is greater than JBBB's maximum drawdown of -10.79%. Use the drawdown chart below to compare losses from any high point for WANT and JBBB.

Drawdown Indicators

	WANT	JBBB	Difference
Max Drawdown Largest peak-to-trough decline	-85.89%	-10.79%	-75.10%
Max Drawdown (1Y) Largest decline over 1 year	-41.27%	-2.46%	-38.81%
Max Drawdown (3Y) Largest decline over 3 years	-63.53%	-4.35%	-59.18%
Max Drawdown (5Y) Largest decline over 5 years	-85.89%	—	—
Current Drawdown Current decline from peak	-60.84%	-0.10%	-60.74%
Average Drawdown Average peak-to-trough decline	-43.31%	-1.67%	-41.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.44%	0.73%	+16.71%

Volatility

WANT vs. JBBB - Volatility Comparison

Direxion Daily Consumer Discretionary Bull 3X Shares (WANT) has a higher volatility of 17.27% compared to Janus Henderson B-BBB CLO ETF (JBBB) at 0.89%. This indicates that WANT's price experiences larger fluctuations and is considered to be riskier than JBBB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WANT	JBBB	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.27%	0.89%	+16.38%
Volatility (6M) Calculated over the trailing 6-month period	41.82%	3.06%	+38.76%
Volatility (1Y) Calculated over the trailing 1-year period	55.32%	3.48%	+51.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	71.13%	5.18%	+65.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	71.33%	5.18%	+66.15%

WANT vs. JBBB - Expense Ratio Comparison

WANT has a 0.98% expense ratio, which is higher than JBBB's 0.49% expense ratio.

Dividends

WANT vs. JBBB - Dividend Comparison

WANT's dividend yield for the trailing twelve months is around 0.54%, less than JBBB's 6.46% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
JBBB Janus Henderson B-BBB CLO ETF	6.46%	7.41%	7.65%	8.10%	5.03%	0.00%	0.00%	0.00%
WANT Direxion Daily Consumer Discretionary Bull 3X Shares	0.54%	0.65%	0.61%	0.46%	0.00%	0.00%	0.07%	0.64%

Frequently Asked Questions

Can I hold both WANT and JBBB in my portfolio?

WANT and JBBB have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WANT or JBBB?

WANT has higher volatility (17.27%) compared to JBBB (0.89%). In terms of maximum drawdown, WANT dropped -85.89% vs JBBB's -10.79%.

Which ETF is better, WANT or JBBB?

On 3-year performance, JBBB leads with 8.26% vs 4.76% for WANT. On fees, JBBB is cheaper at 0.49% per year. On volatility, JBBB has been the lower-risk option at 0.89%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, WANT or JBBB?

Over the 3-year period, JBBB has performed better with a 8.26% return vs 4.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, WANT or JBBB?

JBBB is cheaper with a 0.49% expense ratio, compared with 0.98% for WANT.

Which ETF pays a higher dividend yield, WANT or JBBB?

JBBB has the higher dividend yield at 6.46%, compared with 0.54% for WANT.

What is the main difference between WANT and JBBB?

WANT is categorized as Leveraged Equities, while JBBB is CLO. They also come from different issuers: Direxion and Janus Henderson. Their fees differ too: 0.98% for WANT and 0.49% for JBBB.

Which has better risk-adjusted returns?

JBBB currently has the higher Sharpe Ratio (1.55 vs -0.09), 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.