JLQD vs SPY
JLQD vs SPY
Janus Henderson Corporate Bond ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | JLQD | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.20% | 0.09% | |
| AUM | $14M | $789.1B | |
| Dividend Yield | 5.82% | 1.01% | |
| Holdings | 155 | 505 | |
| YTD Return | -0.25% | +13.79% | |
| 1Y Return | +2.62% | +23.66% | |
| 3Y Return (annualized) | +5.58% | +21.40% | |
| 5Y Return (annualized) | +0.01% | +13.37% | |
| Volatility (annualized) | 7.9% | 15.3% | |
| Max Drawdown | -21.2% | -56.5% | |
| Fund Family | Janus Henderson Investors | State Street Investment Management | |
| Category | Fixed Income | Equity | |
| Inception | Sep 8, 2021 | Jan 22, 1993 |
JLQD vs SPY Performance
Janus Henderson Corporate Bond ETF (JLQD) is a ETF from Janus Henderson Investors and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year JLQD returned +2.62% while SPY returned +23.66%. Year to date, JLQD is down 0.25% versus a gain of 13.79% for SPY.
Over three years, JLQD compounded at +5.58% per year against +21.40% for SPY; over five years the annualized figures are +0.01% and +13.37% respectively. Across the full 5-year window we track, SPY has the edge at +8.85% annualized vs +0.01%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 7.9% for JLQD. 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 -21.2% for JLQD and -56.5% for SPY. 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 0.70. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
JLQD charges 0.20% per year while SPY charges 0.09%. On a $10,000 position that is $20 vs $9 annually, a gap of $11 per year that compounds over a long holding period. On income, JLQD currently yields 5.82% against 1.01% for SPY.
Holdings Overlap
JLQD and SPY share 1 holdings out of 607 unique holdings combined, representing a 0.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in JLQD | Weight in SPY | Difference |
|---|---|---|---|
| INTC | 0.21% | 0.89% | 0.68% |
Frequently Asked Questions
Which is cheaper, JLQD or SPY?
JLQD has an expense ratio of 0.20% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $11 per year of difference.
Which performed better, JLQD or SPY?
Over the past year JLQD returned +2.62% vs +23.66% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (5 years), JLQD annualized +0.01% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, JLQD or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 7.9% for JLQD. Worst drawdown: JLQD -21.2% vs SPY -56.5%.
Should I hold both JLQD and SPY?
JLQD and SPY have a monthly-return correlation of 0.70, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between JLQD and SPY?
JLQD and SPY share 1 common holdings with a 0.2% weight overlap. Combined, they hold 607 unique securities.
Which pays a higher dividend, JLQD or SPY?
JLQD yields 5.82% while SPY yields 1.01%, so JLQD currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.