JSI vs VYM
JSI vs VYM
Janus Henderson Securitized Income ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM delivered stronger 1-year returns. VYM offers more diversification with 558 holdings.
Side-by-Side Comparison
| Metric | JSI | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.50% | 0.04% | |
| AUM | $1.5B | $79.0B | |
| Dividend Yield | 6.26% | 2.86% | |
| Holdings | 547 | 568 | |
| YTD Return | +1.13% | +13.24% | |
| 1Y Return | +3.53% | +23.76% | |
| 3Y Return (annualized) | - | +16.97% | |
| 5Y Return (annualized) | - | +12.26% | |
| Volatility (annualized) | 2.6% | 14.6% | |
| Max Drawdown | -2.3% | -58.8% | |
| Fund Family | Janus Henderson Investors | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Nov 8, 2023 | Nov 10, 2006 |
JSI vs VYM Performance
Janus Henderson Securitized Income ETF (JSI) is a ETF from Janus Henderson Investors and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year JSI returned +3.53% while VYM returned +23.76%. Year to date, JSI is up 1.13% versus a gain of 13.24% for VYM.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.6% compared with 2.6% for JSI. 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 -2.3% for JSI and -58.8% for VYM. 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 0.57. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
JSI charges 0.50% per year while VYM charges 0.04%. On a $10,000 position that is $50 vs $4 annually, a gap of $46 per year that compounds over a long holding period. On income, JSI currently yields 6.26% against 2.86% for VYM.
Holdings Overlap
JSI and VYM share 0 holdings out of 716 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, JSI or VYM?
JSI has an expense ratio of 0.50% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $46 per year of difference.
Which performed better, JSI or VYM?
Over the past year JSI returned +3.53% vs +23.76% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (3 years), JSI annualized +6.84% vs +6.96% for VYM. Past performance does not guarantee future results.
Which is riskier, JSI or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 2.6% for JSI. Worst drawdown: JSI -2.3% vs VYM -58.8%.
Should I hold both JSI and VYM?
JSI and VYM have a monthly-return correlation of 0.57, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between JSI and VYM?
JSI and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 716 unique securities.
Which pays a higher dividend, JSI or VYM?
JSI yields 6.26% while VYM yields 2.86%, so JSI currently pays the higher dividend yield.
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