BNDC vs JSI
Northern Trust Core Bond ETF vs Janus Henderson Securitized Income ETF
Which is better, BNDC or JSI?
JSI has been ahead.
BNDC has a lower expense ratio. JSI led over 1Y, 3Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | BNDC | JSI |
|---|---|---|
| Expense Ratio | 0.38%Best | 0.50% |
| AUM | $165M | $1.5B |
| Dividend Yield | 4.33% | 6.59% |
| Holdings | 16 | 588 |
| YTD Return | -2.88% | +0.23%Best |
| 1Y Return | -2.81% | +1.50%Best |
| 3Y Return (annualized) | +4.23% | +6.02%Best |
| 5Y Return (annualized) | -0.95% | - |
| Volatility (annualized) | 5.0% | 2.7%Best |
| Max Drawdown | -5.2% | -2.3%Best |
| $10,000 over 2.9 years | $11,183 | $11,847Best |
| Top 10 Weight | - | 51.8% |
| Fund Family | Northern Trust Asset Management | Janus Henderson Investors |
| Category | Fixed Income | Fixed Income |
| Inception | Nov 18, 2016 | Nov 8, 2023 |
Not shown on this pair: Style.
Volatility and max drawdown, and the $10,000 over 2.9 years row, are measured over the window both funds cover: Nov 9, 2023 to Oct 14, 2026 (2.9 years).
BNDC vs JSI growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.9 years both funds cover.
BNDC vs JSI Performance
Northern Trust Core Bond ETF (BNDC) is an ETF from Northern Trust Asset Management and Janus Henderson Securitized Income ETF (JSI) is an ETF from Janus Henderson Investors. Over the past year BNDC returned -2.81% while JSI returned +1.50%. Year to date, BNDC is down 2.88% versus a gain of 0.23% for JSI.
Over three years, BNDC compounded at +4.23% per year against +6.02% for JSI.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BNDC has been the more volatile fund, with annualized monthly volatility of 5.0% compared with 2.7% 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 -5.2% for BNDC and -2.3% for JSI. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.85. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
BNDC charges 0.38% per year while JSI charges 0.50%. On a $10,000 position that is $38 vs $50 annually, a gap of $12 per year that compounds over a long holding period. On income, BNDC currently yields 4.33% against 6.59% for JSI.
Holdings Overlap
We hold position weights for 7 holdings in BNDC and 50 in JSI, totalling 99.2% and 100.0% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 7 positions we hold weights for in BNDC and 50 in JSI, against full books of 16 and 588.
What only one of them owns
Our book lists 1 positions for JSI that do not appear in our book for BNDC (1.0% of the fund), and 7 for BNDC that do not appear in JSI (99.2%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of BNDC and JSI you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, BNDC or JSI?
BNDC has an expense ratio of 0.38% while JSI charges 0.50%. BNDC is the cheaper option, by $12 a year on a $10,000 investment.
Which performed better, BNDC or JSI?
Over the past year BNDC returned -2.81% vs +1.50% for JSI, so JSI leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BNDC or JSI?
BNDC has been the more volatile fund at 5.0% annualized versus 2.7% for JSI. Worst drawdown: BNDC -5.2% vs JSI -2.3%.
Should I hold both BNDC and JSI?
BNDC and JSI have a monthly-return correlation of 0.85, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, BNDC or JSI?
BNDC yields 4.33% while JSI yields 6.59%, so JSI currently pays the higher dividend yield.
Is JSI better than BNDC?
BNDC has a lower expense ratio. JSI led over 1Y, 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.