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JIII vs SCHZ

Janus Henderson Income ETF

JIIICNYSE Arca

Schwab U.S. Aggregate Bond ETF

SCHZANYSE Arca

Overlap

No data

Expense ratio

SCHZ −0.51pt a year

JIII0.54%SCHZ0.03%

Avg volume · 30D

SCHZ 43.1×the volume

JIII54.9KSCHZ2.37M

JIII vs SCHZ Performance

Oct 31, 2025 – Oct 30, 2026

+1.8%JIII−0.2%SCHZ

Oct 31, 2025 to Oct 30, 2026. JIII +1.8%. SCHZ −0.2%. Use the arrow keys to read each point.−2%−1%1%3%Oct 2025Apr 2026Oct 2026
Expense ratio
JIII 0.54%
SCHZ 0.03%, better
Fund size
JIII $339M
SCHZ $10.8B
1Y total return
JIII +1.8%, better
SCHZ −0.2%
Yield (12M)
JIII 7.66%, better
SCHZ 4.27%
Holdings
JIII 577
SCHZ 12610
Avg volume (30D)
JIII 54.9K sh
SCHZ 2.37M sh, better
NAV per share
JIII $48.38
SCHZ $22.54
52W range

ETF.net Grade

JIII: Cost 16, Risk 82, Mission 79, Tradability 34, Holdings 34, Durability 40. SCHZ: Cost 97, Risk 47, Mission 100, Tradability 85, Holdings 78, Durability 88.
Pillar letters and Scores for JIII, SCHZ, with each pillar’s weight
PillarJIIISCHZ
Cost30% weightF16A97Higher
Mission25% weightA79A100Higher
Risk15% weightA82HigherC47
Tradability15% weightD34A85Higher
Holdings10% weightD34A78Higher
Durability5% weightC40A88Higher

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. JIII and SCHZ 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 ›

SCHZ ranks 2nd and JIII 87th of 114 funds in the US Aggregate Bond Category.

  1. Rank 1AAGGiShares Core U.S. Aggregate Bond ETFScore 87
  2. Rank 2AIUSBiShares Core Universal USD Bond ETFScore 86
  3. Rank 2ASCHZSchwab U.S. Aggregate Bond ETFScore 86
  4. Rank 2ASPABState Street SPDR Portfolio Aggregate Bond ETFScore 86
  5. Rank 87CHTABHartford Schroders Tax-Aware Bond ETFScore 47
  6. Rank 87CJIIIJanus Henderson Income ETFScore 47
  7. Rank 87CZHOGF/m Opportunistic Income ETFScore 47

Our read on each fund

ETF.net Research

JIIICJanus Henderson Income ETF

SCHZASchwab U.S. Aggregate Bond ETF

In short

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.

SCHZ Schwab's core bond holding: the broad U.S. investment-grade bond market, over 10,000 issues deep, for 0.03% a year. That is the floor of a category whose median fee is more than ten times higher. Running since 2011, pays monthly.

Stated mandate

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

SCHZ The fund seeks to track the total return of an index representing the broad U.S. investment-grade bond market.

Why people hold it

  • 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
  • SCHZ 0.03% a year sits at the category floor, against a cohort median of 0.36%. Only a short list of aggregate-bond funds matches it, including AGG, BND and SPAB.
  • Tracks the Bloomberg US Aggregate Bond Index tightly, one of the cleanest index implementations among the 187 funds in its peer group.schwabassetmanagement.com
  • One ticker, thousands of investment-grade U.S. bonds, income paid monthly. The plumbing of a bond portfolio without buying a single bond yourself.
  • Live since 2011 and now a multi-billion-dollar fund that trades actively, so trading costs on ordinary retail-sized orders tend to be minor.

Worth knowing

  • 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
  • SCHZ This is duration exposure, not a cash substitute. Interest-rate moves, not credit selection, drive most of the ride, and that is the weakest part of its risk profile.
  • Investment grade and U.S. only: no high-yield, no foreign bonds. Funds like BNDX cover the international side of the cohort.
  • The aggregate-bond aisle is commoditized. Against AGG, BND and SPAB at the same 0.03%, the differences come down to index variant and where you already custody, not fee.

Full JIII profile⁠

Full SCHZ profile⁠

JIII vs SCHZ 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.

JIII vs SCHZ Cost

Overpaying JIII vs SCHZ

$10,082

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

  • JIII 0.54%

    $10,720

  • SCHZ 0.03%

    $638

$10,000
30 years

Cost over time

  • JIII 0.54%
  • SCHZ 0.03%
  • 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 $10,720SCHZ $638

Year by year

YearJIIISCHZOverpaying
10$971$55$916
20$3,724$216$3,508
30$10,720$638$10,082

Expense ratio

  • 0.54%JIII
  • 0.03%SCHZ, cheaper
  • Middle half of US Aggregate Bond funds
  • Median 0.34%

SCHZ 2nd cheapest of 114 funds

JIII 96th cheapest of 114 funds

JIII vs SCHZ Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
JIII 7.66%, better
SCHZ 4.27%
Payout (12M)
JIII $3.71
SCHZ $0.96
Last payment
JIII $0.22
SCHZ $0.08
Ex-dividend
JIII Oct 30, 2026
SCHZ Oct 1, 2026
Paid on
JIII Pays Nov 5, 2026
SCHZ Oct 7, 2026
Frequency
JIII Monthly
SCHZ Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

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
SCHZMonthly · 45 paymentsAll SCHZ payments⁠
One bar per payment. 45 payments from 2023 to 2026 YTD. Feb 1, 2023 $0.06; Mar 1, 2023 $0.06; Apr 3, 2023 $0.06; May 1, 2023 $0.06; Jun 1, 2023 $0.06; Jul 3, 2023 $0.06; Aug 1, 2023 $0.06; Sep 1, 2023 $0.07; Oct 2, 2023 $0.07; Nov 1, 2023 $0.07; Dec 1, 2023 $0.07; Dec 15, 2023 $0.07; Feb 1, 2024 $0.08; Mar 1, 2024 $0.07; Apr 1, 2024 $0.07; May 1, 2024 $0.07; Jun 3, 2024 $0.08; Jul 1, 2024 $0.07; Aug 1, 2024 $0.08; Sep 3, 2024 $0.08; Oct 1, 2024 $0.07; Nov 1, 2024 $0.08; Dec 2, 2024 $0.07; Dec 20, 2024 $0.08; Feb 3, 2025 $0.09; Mar 3, 2025 $0.08; Apr 1, 2025 $0.07; May 1, 2025 $0.08; Jun 2, 2025 $0.08; Jul 1, 2025 $0.08; Aug 1, 2025 $0.08; Sep 2, 2025 $0.08; Oct 1, 2025 $0.08; Nov 3, 2025 $0.08; Dec 1, 2025 $0.07; Dec 19, 2025 $0.08; Feb 2, 2026 $0.09; Mar 2, 2026 $0.08; Apr 1, 2026 $0.08; May 1, 2026 $0.08; Jun 1, 2026 $0.08; Jul 1, 2026 $0.08; Aug 3, 2026 $0.09; Sep 1, 2026 $0.08; Oct 1, 2026 $0.08. Use the arrow keys to read each point.$0$0.5020232026YTD

JIII vs SCHZ Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
JIII 3.0%since Dec 2024SCHZ 5.6%
Return per unit of riskSharpe ratio, 3 years
JIII 0.10since Dec 2024SCHZ 0.17
Worst fallMax drawdown, 5 years
JIII −3.5%since Nov 2024SCHZ −17.5%
Market sensitivityBeta, 5 years
JIII 0.14SCHZ 0.99

JIII and SCHZ in the news

All news⁠

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