JIII vs MAGG
Janus Henderson Income ETF vs Madison Aggregate Bond ETF
Which is better, JIII or MAGG?
JIII has been ahead.
MAGG has a lower expense ratio. JIII led over 1Y 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 | JIII | MAGG |
|---|---|---|
| Expense Ratio | 0.54% | 0.36%Best |
| AUM | $274M | $63M |
| Dividend Yield | 7.91% | 5.05% |
| Holdings | 596 | 406 |
| YTD Return | -0.16%Best | -2.52% |
| 1Y Return | +1.56%Best | -1.91% |
| 3Y Return (annualized) | - | +4.51% |
| Volatility (annualized) | 3.0%Best | 4.0% |
| Max Drawdown | -3.5%Best | -5.1% |
| $10,000 over 1.9 years | $10,862Best | $10,455 |
| Fund Family | Janus Henderson Investors | Madison Funds |
| Category | Fixed Income | Fixed Income |
| Style | Investment Grade Bond | Investment Grade Bond |
| Inception | Nov 12, 2024 | Aug 28, 2023 |
Not shown on this pair: 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.9 years row, are measured over the window both funds cover: Nov 13, 2024 to Oct 14, 2026 (1.9 years).
JIII vs MAGG 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 1.9 years both funds cover.
JIII vs MAGG Performance
Janus Henderson Income ETF (JIII) is an ETF from Janus Henderson Investors and Madison Aggregate Bond ETF (MAGG) is an ETF from Madison Funds. Over the past year JIII returned +1.56% while MAGG returned -1.91%. Year to date, JIII is down 0.16% versus a loss of 2.52% for MAGG.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MAGG has been the more volatile fund, with annualized monthly volatility of 4.0% compared with 3.0% 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 -5.1% for MAGG. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.86. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
JIII charges 0.54% per year while MAGG charges 0.36%. On a $10,000 position that is $54 vs $36 annually, a gap of $18 per year that compounds over a long holding period. On income, JIII currently yields 7.91% against 5.05% for MAGG.
Holdings Overlap
We hold position weights for 124 holdings in JIII and 126 in MAGG, totalling 50.9% and 67.4% 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 124 positions we hold weights for in JIII and 126 in MAGG, against full books of 596 and 406.
You are not choosing between two funds in isolation.
Whichever of JIII and MAGG 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, JIII or MAGG?
JIII has an expense ratio of 0.54% while MAGG charges 0.36%. MAGG is the cheaper option, by $18 a year on a $10,000 investment.
Which performed better, JIII or MAGG?
Over the past year JIII returned +1.56% vs -1.91% for MAGG, so JIII leads on 1-year performance. Over the longest common window we track (2 years), JIII annualized +4.45% vs +2.37% for MAGG. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, JIII or MAGG?
MAGG has been the more volatile fund at 4.0% annualized versus 3.0% for JIII. Worst drawdown: JIII -3.5% vs MAGG -5.1%.
Should I hold both JIII and MAGG?
JIII and MAGG have a monthly-return correlation of 0.86, 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, JIII or MAGG?
JIII yields 7.91% while MAGG yields 5.05%, so JIII currently pays the higher dividend yield.
Is MAGG better than JIII?
MAGG has a lower expense ratio. JIII led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.