JIII vs NJNK
Janus Henderson Income ETF vs Columbia US High Yield ETF
Which is better, JIII or NJNK?
Each has led over a different period.
NJNK has a lower expense ratio. JIII led over the full window, NJNK over 1Y.
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 | NJNK |
|---|---|---|
| Expense Ratio | 0.54% | 0.46%Best |
| AUM | $274M | $40M |
| Dividend Yield | 7.91% | 6.59% |
| Holdings | 596 | 934 |
| YTD Return | -0.16%Best | -0.47% |
| 1Y Return | +1.56% | +1.64%Best |
| Volatility (annualized) | 3.0%Best | 3.7% |
| Max Drawdown | -3.5%Best | -4.5% |
| $10,000 over 1.9 years | $10,862Best | $10,782 |
| Fund Family | Janus Henderson Investors | Columbia Threadneedle Investments |
| Category | Fixed Income | Fixed Income |
| Style | Investment Grade Bond | Investment Grade Bond |
| Inception | Nov 12, 2024 | Sep 5, 2024 |
Not shown on this pair: 3Y Return (annualized), 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 NJNK 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 NJNK Performance
Janus Henderson Income ETF (JIII) is an ETF from Janus Henderson Investors and Columbia US High Yield ETF (NJNK) is an ETF from Columbia Threadneedle Investments. Over the past year JIII returned +1.56% while NJNK returned +1.64%. Year to date, JIII is down 0.16% versus a loss of 0.47% for NJNK.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
NJNK has been the more volatile fund, with annualized monthly volatility of 3.7% 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 -4.5% for NJNK. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.87. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
JIII charges 0.54% per year while NJNK charges 0.46%. On a $10,000 position that is $54 vs $46 annually, a gap of $8 per year that compounds over a long holding period. On income, JIII currently yields 7.91% against 6.59% for NJNK.
Holdings Overlap
We hold position weights for 124 holdings in JIII and 358 in NJNK, totalling 50.9% and 74.6% 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, 14 positions appear in both.
14 positions in common, counted across the 124 positions we hold weights for in JIII and 358 in NJNK, against full books of 596 and 934.
Top Shared Holdings
| Stock | Weight in JIII | Weight in NJNK | Difference |
|---|---|---|---|
| CIVI 9.625 06/15/33 | 0.19% | 0.55% | 0.36% |
| CZR 6 10/15/32 144ACaesars Entertain 6% 10/15/32 | 0.35% | 0.32% | 0.03% |
| SURCEN 7.25 04/15/32Surgery Center Holdings Inc 144A 7.250000% 04/15/2032 | 0.37% | 0.25% | 0.12% |
| EVRI 9.25 07/01/32 1Voyager Parent 9.25 7/32 | 0.27% | 0.33% | 0.06% |
| INTMAT 6.5 08/01/29 | 0.42% | 0.06% | 0.36% |
| HGVLLC 4.875 07/01/3Hilton Grand Vacations Borrower Es 144A 4.88% Jul 01, 2031 | 0.35% | 0.11% | 0.24% |
| WATCOS 7.125 08/01/3Calderys Financing Ii Llc 11.75% 06/01/2028 | 0.13% | 0.32% | 0.19% |
| UVN 9.375 08/01/32 1Univision 9.375% 08/32 9.38 08/01/2032 | 0.16% | 0.19% | 0.03% |
| CVS V6.75 12/10/54Cvs Health Corp Jr Subordina 12/54 Var | 0.14% | 0.19% | 0.05% |
| AAL 5.75 04/20/29 14Aadvantage Loyalty Ip Ltd 144A 5.75% Apr 20, 2029 | 0.14% | 0.17% | 0.03% |
You are not choosing between two funds in isolation.
Whichever of JIII and NJNK 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 NJNK?
JIII has an expense ratio of 0.54% while NJNK charges 0.46%. NJNK is the cheaper option, by $8 a year on a $10,000 investment.
Which performed better, JIII or NJNK?
Over the past year JIII returned +1.56% vs +1.64% for NJNK, so NJNK leads on 1-year performance. Over the longest common window we track (2 years), JIII annualized +4.45% vs +4.04% for NJNK. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, JIII or NJNK?
NJNK has been the more volatile fund at 3.7% annualized versus 3.0% for JIII. Worst drawdown: JIII -3.5% vs NJNK -4.5%.
Should I hold both JIII and NJNK?
JIII and NJNK have a monthly-return correlation of 0.87, 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 NJNK?
JIII yields 7.91% while NJNK yields 6.59%, so JIII currently pays the higher dividend yield.
Is NJNK better than JIII?
NJNK has a lower expense ratio. JIII led over the full window, NJNK over 1Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.