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BKAG vs JIII

BNY Mellon Core Bond ETF

BKAGANYSE Arca

Janus Henderson Income ETF

JIIICNYSE Arca

Overlap

No data

Expense ratio

BKAG −0.54pt a year

BKAG0.00%JIII0.54%

Avg volume · 30D

BKAG 9.7×the volume

BKAG531KJIII54.9K

BKAG vs JIII Performance

Oct 31, 2025 – Oct 30, 2026

−0.2%BKAG+1.8%JIII

Oct 31, 2025 to Oct 30, 2026. BKAG −0.2%. JIII +1.8%. Use the arrow keys to read each point.−2%−1%1%3%Oct 2025Apr 2026Oct 2026
Expense ratio
BKAG 0.00%, better
JIII 0.54%
Fund size
BKAG $1.47B
JIII $339M
1Y total return
BKAG −0.2%
JIII +1.8%, better
Yield (12M)
BKAG 4.56%
JIII 7.66%, better
Holdings
BKAG 4062
JIII 577
Avg volume (30D)
BKAG 531K sh, better
JIII 54.9K sh
NAV per share
BKAG $40.78
JIII $48.38
52W range

ETF.net Grade

BKAG: Cost 97, Risk 47, Mission 100, Tradability 78, Holdings 76, Durability 67. JIII: Cost 16, Risk 82, Mission 79, Tradability 34, Holdings 34, Durability 40.
Pillar letters and Scores for BKAG, JIII, with each pillar’s weight
PillarBKAGJIII
Cost30% weightA97HigherF16
Mission25% weightA100HigherA79
Risk15% weightC47A82Higher
Tradability15% weightA78HigherD34
Holdings10% weightA76HigherD34
Durability5% weightB67HigherC40

Rank among US Aggregate Bond funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. BKAG and JIII are both graded against the same 114 US Aggregate Bond funds, so their Grades compare head to head.

US Aggregate Bond⁠

Category · 114 funds
See all 114 ›

BKAG ranks 6th and JIII 87th of 114 funds in the US Aggregate Bond Category.

  1. Rank 5ABNDVanguard Total Bond Market ETFScore 85
  2. Rank 6ABKAGBNY Mellon Core Bond ETFScore 83
  3. Rank 7AIAGGiShares Core International Aggregate Bond ETFScore 81
  4. Rank 87CHTABHartford Schroders Tax-Aware Bond ETFScore 47
  5. Rank 87CJIIIJanus Henderson Income ETFScore 47
  6. Rank 87CZHOGF/m Opportunistic Income ETFScore 47

Our read on each fund

ETF.net Research

BKAGABNY Mellon Core Bond ETF

JIIICJanus Henderson Income ETF

In short

BKAG A core bond index fund that charges nothing. BKAG tracks the same Bloomberg US Aggregate benchmark the giants track, at a 0.00% expense ratio, and has been doing it since 2020.

JIII Active multi-sector income from Janus Henderson, built to sit between a core bond fund and a single-sector high-yield fund. Pays monthly. Costs 0.54%, net of a waiver through February 28, 2028.

Stated mandate

BKAG The fund seeks to track the Bloomberg US Aggregate Total Return Index.

JIII The fund seeks long-term returns through a combination of income and capital growth.

Why people hold it

  • BKAG A 0.00% expense ratio. The median fund in the core bond group charges 0.36%, and even the cheap giants (BND, SPAB, SCHZ) charge 0.03%.
  • Tracks the Bloomberg US Aggregate Total Return Index tightly, one of the closest index-following records in its peer group.
  • Broad by design: roughly 4,000 bonds in the portfolio, with distributions paid monthly rather than quarterly.
  • A multi-billion-dollar fund from BNY Mellon, wrapped in a standard 1940 Act ETF structure with no exotic mechanics.
  • JIII Actively managed across bond sectors, US and non-US, instead of tracking one index. Janus Henderson positions it between a core bond fund and a constrained high-yield fund.janushenderson.com
  • Income comes first in the mandate, capital appreciation second, and cash goes out monthly rather than quarterly.janushenderson.com
  • Roughly 500 holdings spread across credit, securitized and government debt, so the risk is not purely a bet on Treasury rates.janushenderson.com

Worth knowing

  • BKAG Rate risk is the trade-off. This is full-market bond exposure, and bond prices move opposite interest rates. Volatility is the weakest part of its profile.
  • Moderately traded, not one of the volume monsters in the category. Spreads and limit orders matter more here than with the largest core bond names.
  • At zero, the fee edge over 0.03% rivals is real but small in dollar terms, so tracking and trading costs do more of the work.
  • JIII At 0.54% net of a waiver through February 28, 2028 (0.56% gross), it sits above the category median, while index trackers AGG, BND and SPAB each charge 0.03%.
  • Launched in 2024, so the live record is short, and the fund trades moderately rather than heavily.
  • A manager's sector calls drive the portfolio, which can leave it looking quite different from a plain aggregate-bond index fund.janushenderson.com

Full BKAG profile⁠

Full JIII profile⁠

BKAG vs JIII Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

BKAG vs JIII Cost

Overpaying JIII vs BKAG

$10,720

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • BKAG 0.00%

    $0

  • JIII 0.54%

    $10,720

$10,000
30 years

Cost over time

  • BKAG 0.00%
  • JIII 0.54%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2.5K$5K$7.5K$10K$12.5K051015202530JIII $10,720BKAG $0

Year by year

YearBKAGJIIIOverpaying
10$0$971$971
20$0$3,724$3,724
30$0$10,720$10,720

Expense ratio

  • 0.00%BKAG, cheaper
  • 0.54%JIII
  • Middle half of US Aggregate Bond funds
  • Median 0.34%

BKAG cheapest of 114 funds

JIII 96th cheapest of 114 funds

BKAG vs JIII Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
BKAG 4.56%
JIII 7.66%, better
Payout (12M)
BKAG $1.86
JIII $3.71
Last payment
BKAG $0.24
JIII $0.22
Ex-dividend
BKAG Oct 1, 2026
JIII Oct 30, 2026
Paid on
BKAG Oct 6, 2026
JIII Pays Nov 5, 2026
Frequency
BKAG Monthly
JIII Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

BKAGMonthly · 45 paymentsAll BKAG payments⁠
One bar per payment. 45 payments from 2023 to 2026 YTD. Feb 1, 2023 $0.12; Mar 1, 2023 $0.11; Apr 3, 2023 $0.12; May 1, 2023 $0.11; Jun 1, 2023 $0.13; Jul 3, 2023 $0.12; Aug 1, 2023 $0.12; Sep 1, 2023 $0.13; Oct 2, 2023 $0.12; Nov 1, 2023 $0.14; Dec 1, 2023 $0.13; Dec 27, 2023 $0.09; Feb 1, 2024 $0.15; Mar 1, 2024 $0.14; Apr 1, 2024 $0.15; May 1, 2024 $0.14; Jun 3, 2024 $0.15; Jul 1, 2024 $0.14; Aug 1, 2024 $0.15; Sep 3, 2024 $0.15; Oct 1, 2024 $0.14; Nov 1, 2024 $0.15; Dec 2, 2024 $0.13; Dec 27, 2024 $0.16; Feb 3, 2025 $0.14; Mar 3, 2025 $0.14; Apr 1, 2025 $0.14; May 1, 2025 $0.16; Jun 2, 2025 $0.15; Jul 1, 2025 $0.14; Aug 1, 2025 $0.16; Sep 2, 2025 $0.14; Oct 1, 2025 $0.16; Nov 3, 2025 $0.15; Dec 1, 2025 $0.20; Dec 29, 2025 $0.09; Feb 2, 2026 $0.14; Mar 2, 2026 $0.14; Apr 1, 2026 $0.17; May 1, 2026 $0.15; Jun 1, 2026 $0.14; Jul 1, 2026 $0.16; Aug 3, 2026 $0.15; Sep 1, 2026 $0.14; Oct 1, 2026 $0.24. Use the arrow keys to read each point.$0$0.5020232026YTD
JIIIMonthly · 23 paymentsAll JIII payments⁠
One bar per payment. 23 payments from 2023 to 2026 YTD. Dec 23, 2024 $0.22; Feb 3, 2025 $0.34; Mar 3, 2025 $0.25; Apr 1, 2025 $0.27; May 1, 2025 $0.18; Jun 2, 2025 $0.26; Jul 1, 2025 $0.25; Aug 1, 2025 $0.28; Sep 2, 2025 $0.28; Oct 1, 2025 $0.31; Nov 3, 2025 $0.29; Dec 1, 2025 $0.26; Dec 22, 2025 $0.75; Jan 30, 2026 $0.24; Feb 27, 2026 $0.27; Mar 31, 2026 $0.27; Apr 30, 2026 $0.25; May 29, 2026 $0.25; Jun 30, 2026 $0.24; Jul 31, 2026 $0.22; Aug 31, 2026 $0.25; Sep 30, 2026 $0.20; Oct 30, 2026 $0.22. Use the arrow keys to read each point.$0$0.5020232026YTD

BKAG vs JIII Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
BKAG 5.6%JIII 3.0%since Dec 2024
Return per unit of riskSharpe ratio, 3 years
BKAG 0.17JIII 0.10since Dec 2024
Worst fallMax drawdown, 5 years
BKAG −17.4%JIII −3.5%since Nov 2024
Market sensitivityBeta, 5 years
BKAG 1.00JIII 0.14

BKAG and JIII in the news

All news⁠

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