CLOZ vs JBBB
Eldridge BBB-B CLO ETF vs Janus Henderson B-BBB CLO ETF
Which is better, CLOZ or JBBB?
CLOZ has been ahead.
JBBB has a lower expense ratio. CLOZ 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 | CLOZ | JBBB |
|---|---|---|
| Expense Ratio | 0.50% | 0.47%Best |
| AUM | $783M | $1.5B |
| Dividend Yield | 7.10% | 6.89% |
| Holdings | 201 | 550 |
| YTD Return | +3.67%Best | -1.09% |
| 1Y Return | +5.19%Best | -0.49% |
| 3Y Return (annualized) | +8.26%Best | +6.60% |
| Volatility (annualized) | 3.8%Best | 4.1% |
| Max Drawdown | -5.3% | -4.5%Best |
| $10,000 over 3.7 years | $14,024Best | $13,249 |
| Fund Family | ELDRIDGE | Janus Henderson Investors |
| Category | Fixed Income | Fixed Income |
| Style | Bank Loan | Bank Loan |
| Inception | Jan 24, 2023 | Jan 11, 2022 |
Not shown on this pair: 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 3.7 years row, are measured over the window both funds cover: Jan 24, 2023 to Oct 14, 2026 (3.7 years).
CLOZ vs JBBB 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 3.7 years both funds cover.
CLOZ vs JBBB Performance
Eldridge BBB-B CLO ETF (CLOZ) is an ETF from ELDRIDGE and Janus Henderson B-BBB CLO ETF (JBBB) is an ETF from Janus Henderson Investors. Over the past year CLOZ returned +5.19% while JBBB returned -0.49%. Year to date, CLOZ is up 3.67% versus a loss of 1.09% for JBBB.
Over three years, CLOZ compounded at +8.26% per year against +6.60% for JBBB. Across the full 4-year window we track, CLOZ has the edge at +9.57% annualized vs +7.90%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
JBBB has been the more volatile fund, with annualized monthly volatility of 4.1% compared with 3.8% for CLOZ. 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 -5.3% for CLOZ and -4.5% for JBBB. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.78. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
CLOZ charges 0.50% per year while JBBB charges 0.47%. On a $10,000 position that is $50 vs $47 annually, a gap of $3 per year that compounds over a long holding period. On income, CLOZ currently yields 7.10% against 6.89% for JBBB.
Holdings Overlap
We hold position weights for 6 holdings in CLOZ and 6 in JBBB, totalling 1.9% and 3.9% of the two funds. Neither is a share of a fund we can divide by, so no overlap percentage is shown here. Within what we can see, 1 positions appear in both.
1 positions in common, counted across the 6 positions we hold weights for in CLOZ and 6 in JBBB, against full books of 201 and 550.
Top Shared Holdings
| Stock | Weight in CLOZ | Weight in JBBB | Difference |
|---|---|---|---|
| CIFC 2021-5A D1RCifc Funding 2021-V Ltd | 0.64% | 0.33% | 0.31% |
You are not choosing between two funds in isolation.
Whichever of CLOZ and JBBB 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, CLOZ or JBBB?
CLOZ has an expense ratio of 0.50% while JBBB charges 0.47%. JBBB is the cheaper option, by $3 a year on a $10,000 investment.
Which performed better, CLOZ or JBBB?
Over the past year CLOZ returned +5.19% vs -0.49% for JBBB, so CLOZ leads on 1-year performance. Over the longest common window we track (4 years), CLOZ annualized +9.57% vs +7.90% for JBBB. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CLOZ or JBBB?
JBBB has been the more volatile fund at 4.1% annualized versus 3.8% for CLOZ. Worst drawdown: CLOZ -5.3% vs JBBB -4.5%.
Should I hold both CLOZ and JBBB?
CLOZ and JBBB have a monthly-return correlation of 0.78, 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, CLOZ or JBBB?
CLOZ yields 7.10% while JBBB yields 6.89%, so CLOZ currently pays the higher dividend yield.
Is JBBB better than CLOZ?
JBBB has a lower expense ratio. CLOZ 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.