JIII vs VOO
JIII vs VOO
Janus Henderson Income ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | JIII | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.54% | 0.03% | |
| AUM | $171M | $979.0B | |
| Dividend Yield | 7.81% | 1.09% | |
| Holdings | 436 | 509 | |
| YTD Return | +1.17% | +9.95% | |
| 1Y Return | +4.97% | +19.58% | |
| 3Y Return (annualized) | - | +19.43% | |
| 5Y Return (annualized) | - | +12.89% | |
| Volatility (annualized) | 2.6% | 14.2% | |
| Max Drawdown | -3.5% | -34.3% | |
| Fund Family | Janus Henderson Investors | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Nov 12, 2024 | Sep 7, 2010 |
JIII vs VOO Performance
Janus Henderson Income ETF (JIII) is a ETF from Janus Henderson Investors and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year JIII returned +4.97% while VOO returned +19.58%. Year to date, JIII is up 1.17% versus a gain of 9.95% for VOO.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.2% compared with 2.6% for JIII. 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 -3.5% for JIII and -34.3% for VOO. 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 0.61. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
JIII charges 0.54% per year while VOO charges 0.03%. On a $10,000 position that is $54 vs $3 annually, a gap of $51 per year that compounds over a long holding period. On income, JIII currently yields 7.81% against 1.09% for VOO.
Holdings Overlap
JIII and VOO share 3 holdings out of 657 unique holdings combined, representing a 0.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, JIII or VOO?
JIII has an expense ratio of 0.54% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $51 per year of difference.
Which performed better, JIII or VOO?
Over the past year JIII returned +4.97% vs +19.58% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (2 years), JIII annualized +5.82% vs +13.35% for VOO. Past performance does not guarantee future results.
Which is riskier, JIII or VOO?
VOO has been the more volatile fund at 14.2% annualized versus 2.6% for JIII. Worst drawdown: JIII -3.5% vs VOO -34.3%.
Should I hold both JIII and VOO?
JIII and VOO have a monthly-return correlation of 0.61, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between JIII and VOO?
JIII and VOO share 3 common holdings with a 0.2% weight overlap. Combined, they hold 657 unique securities.
Which pays a higher dividend, JIII or VOO?
JIII yields 7.81% while VOO yields 1.09%, so JIII currently pays the higher dividend yield.
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