YEAR vs. JSI

Last updated Jun 25, 2026

YEAR (AB Ultra Short Income ETF) and JSI (Janus Henderson Securitized Income ETF) are both exchange-traded funds - YEAR is a Ultrashort Bond fund actively managed by AllianceBernstein, while JSI is a Short-Term Bond fund actively managed by Janus Henderson. Both are actively managed. Over the past year, YEAR returned 3.61% vs 3.59% for JSI. A 0.55 correlation means they provide meaningful diversification when combined. YEAR charges 0.25%/yr vs 0.50%/yr for JSI.

Performance

YEAR vs. JSI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AB Ultra Short Income ETF (YEAR) and Janus Henderson Securitized Income ETF (JSI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, YEAR achieves a 1.33% return, which is significantly higher than JSI's 0.97% return.

YEAR

• 1D: 0.06%
• 1M: 0.30%
• YTD: 1.33%
• 6M: 1.41%
• 1Y: 3.61%
• 3Y*: 4.98%
• 5Y*: —
• 10Y*: —

JSI

• 1D: 0.11%
• 1M: 0.34%
• YTD: 0.97%
• 6M: 1.14%
• 1Y: 3.59%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

YEAR vs. JSI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
YEAR AB Ultra Short Income ETF	1.33%	4.69%	5.41%	1.45%
JSI Janus Henderson Securitized Income ETF	0.97%	6.46%	7.27%	3.29%

Correlation

The correlation between YEAR and JSI is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.54
Correlation (All Time) Calculated using the full available price history since Nov 9, 2023	0.55

The correlation between YEAR and JSI has been stable across timeframes, ranging from 0.54 to 0.55 - a consistent structural relationship.

Return for Risk

YEAR vs. JSI — Risk / Return Rank

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

YEAR

YEAR Risk / Return Rank: 98
YEAR Sharpe Ratio Rank: 98
YEAR Sortino Ratio Rank: 98
YEAR Omega Ratio Rank: 98
YEAR Calmar Ratio Rank: 98
YEAR Martin Ratio Rank: 98

JSI

JSI Risk / Return Rank: 47
JSI Sharpe Ratio Rank: 47
JSI Sortino Ratio Rank: 45
JSI Omega Ratio Rank: 52
JSI Calmar Ratio Rank: 48
JSI Martin Ratio Rank: 45

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.

YEAR vs. JSI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AB Ultra Short Income ETF (YEAR) and Janus Henderson Securitized Income ETF (JSI). 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.

	YEAR	JSI	Difference
Sharpe ratio: Return per unit of total volatility	4.63	1.49	+3.14
Sortino ratio: Return per unit of downside risk	8.31	2.04	+6.27
Omega ratio: Gain probability vs. loss probability	2.08	1.29	+0.79
Calmar ratio: Return relative to maximum drawdown	15.94	2.14	+13.80
Martin ratio: Return relative to average drawdown	68.69	6.83	+61.87

YEAR vs. JSI - Sharpe Ratio Comparison

The current YEAR Sharpe Ratio is 4.63, which is higher than the JSI Sharpe Ratio of 1.49. The chart below compares the historical Sharpe Ratios of YEAR and JSI, 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

YEAR vs. JSI - Drawdown Comparison

The maximum YEAR drawdown since its inception was -0.64%, smaller than the maximum JSI drawdown of -2.31%. Use the drawdown chart below to compare losses from any high point for YEAR and JSI.

Drawdown Indicators

	YEAR	JSI	Difference
Max Drawdown Largest peak-to-trough decline	-0.64%	-2.31%	+1.67%
Max Drawdown (1Y) Largest decline over 1 year	-0.23%	-1.68%	+1.45%
Max Drawdown (3Y) Largest decline over 3 years	-0.43%	—	—
Current Drawdown Current decline from peak	0.00%	-0.48%	+0.48%
Average Drawdown Average peak-to-trough decline	-0.06%	-0.34%	+0.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.05%	0.53%	-0.48%

Volatility

YEAR vs. JSI - Volatility Comparison

The current volatility for AB Ultra Short Income ETF (YEAR) is 0.29%, while Janus Henderson Securitized Income ETF (JSI) has a volatility of 0.75%. This indicates that YEAR experiences smaller price fluctuations and is considered to be less risky than JSI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	YEAR	JSI	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.29%	0.75%	-0.46%
Volatility (6M) Calculated over the trailing 6-month period	0.54%	1.63%	-1.09%
Volatility (1Y) Calculated over the trailing 1-year period	0.78%	2.43%	-1.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.15%	2.88%	-1.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.15%	2.88%	-1.73%

YEAR vs. JSI - Expense Ratio Comparison

YEAR has a 0.25% expense ratio, which is lower than JSI's 0.50% expense ratio.

Dividends

YEAR vs. JSI - Dividend Comparison

YEAR's dividend yield for the trailing twelve months is around 4.14%, less than JSI's 5.81% yield.

Position	TTM	2025	2024	2023	2022
JSI Janus Henderson Securitized Income ETF	5.81%	5.80%	6.16%	0.84%	0.00%
YEAR AB Ultra Short Income ETF	4.14%	4.33%	5.16%	5.00%	1.19%

Frequently Asked Questions

Can I hold both YEAR and JSI in my portfolio?

YEAR and JSI have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, YEAR or JSI?

JSI has higher volatility (0.75%) compared to YEAR (0.29%). In terms of maximum drawdown, YEAR dropped -0.64% vs JSI's -2.31%.

Which ETF is better, YEAR or JSI?

On 1-year performance, YEAR leads with 3.61% vs 3.59% for JSI. On fees, YEAR is cheaper at 0.25% per year. On volatility, YEAR has been the lower-risk option at 0.29%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, YEAR or JSI?

Over the 1-year period, YEAR has performed better with a 3.61% return vs 3.59%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, YEAR or JSI?

YEAR is cheaper with a 0.25% expense ratio, compared with 0.50% for JSI.

Which ETF pays a higher dividend yield, YEAR or JSI?

JSI has the higher dividend yield at 5.81%, compared with 4.14% for YEAR.

What is the main difference between YEAR and JSI?

YEAR is categorized as Ultrashort Bond, while JSI is Short-Term Bond. They also come from different issuers: AllianceBernstein and Janus Henderson. Their fees differ too: 0.25% for YEAR and 0.50% for JSI.

Which has better risk-adjusted returns?

YEAR currently has the higher Sharpe Ratio (4.63 vs 1.49), 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.