JBBB vs SPY
JBBB vs SPY
Janus Henderson B-BBB CLO ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | JBBB | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.47% | 0.09% | |
| AUM | $1.2B | $789.1B | |
| Dividend Yield | 8.11% | 1.01% | |
| Holdings | 217 | 505 | |
| YTD Return | -0.63% | +13.79% | |
| 1Y Return | +0.45% | +23.66% | |
| 3Y Return (annualized) | +7.45% | +21.40% | |
| 5Y Return (annualized) | - | +13.37% | |
| Volatility (annualized) | 6.0% | 15.3% | |
| Max Drawdown | -10.6% | -56.5% | |
| Fund Family | Janus Henderson Investors | State Street Investment Management | |
| Category | Fixed Income | Equity | |
| Inception | Jan 11, 2022 | Jan 22, 1993 |
JBBB vs SPY Performance
Janus Henderson B-BBB CLO ETF (JBBB) is a ETF from Janus Henderson Investors and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year JBBB returned +0.45% while SPY returned +23.66%. Year to date, JBBB is down 0.63% versus a gain of 13.79% for SPY.
Over three years, JBBB compounded at +7.45% per year against +21.40% for SPY. Across the full 5-year window we track, SPY has the edge at +8.85% annualized vs +5.79%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 6.0% for JBBB. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -10.6% for JBBB and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.42. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
JBBB charges 0.47% per year while SPY charges 0.09%. On a $10,000 position that is $47 vs $9 annually, a gap of $38 per year that compounds over a long holding period. On income, JBBB currently yields 8.11% against 1.01% for SPY.
Holdings Overlap
JBBB and SPY share 0 holdings out of 509 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, JBBB or SPY?
JBBB has an expense ratio of 0.47% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $38 per year of difference.
Which performed better, JBBB or SPY?
Over the past year JBBB returned +0.45% vs +23.66% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (5 years), JBBB annualized +5.79% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, JBBB or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 6.0% for JBBB. Worst drawdown: JBBB -10.6% vs SPY -56.5%.
Should I hold both JBBB and SPY?
JBBB and SPY have a monthly-return correlation of 0.42, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between JBBB and SPY?
JBBB and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 509 unique securities.
Which pays a higher dividend, JBBB or SPY?
JBBB yields 8.11% while SPY yields 1.01%, so JBBB currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.