- ISIN
- US47103U8861
- CUSIP
- 47103U886
- Issuer
- Janus Henderson
- Inception Date
- Nov 16, 2016
- Region
- Global (Broad)
- Category
- Ultrashort Bond
- Leveraged
- 1x (No leverage)
- Index Tracked
- ICE BofA U.S. 3-Month Treasury Bill Total Return Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $3B
Highlights
- Avg. Volume (1M)
- 358K
- Avg. Volume Value (1M)
- $17.51M
Share Price Chart
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Performance
VNLA Performance Chart
Janus Henderson Short Duration Income ETF (VNLA) is up 2.1% since the beginning of the year. VNLA is currently trading at $49 per share. Investors who bought $1,000 worth of VNLA shares 5 years ago would now be looking at an investment worth $1,212.
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Compare this symbol against anything
Returns By Period
Janus Henderson Short Duration Income ETF (VNLA) has returned 2.08% so far this year and 4.27% over the past 12 months.
Janus Henderson Short Duration Income ETF
- 1D
- 0.04%
- 1M
- 0.21%
- 6M
- 1.63%
- YTD
- 2.08%
- 1Y
- 4.27%
- 3Y*
- 5.65%
- 5Y*
- 3.92%
- 10Y*
- —
- ALL TIME*
- 2.99%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
VNLA Monthly Returns History
Based on dividend-adjusted daily data since Nov 17, 2016, VNLA's average daily return is +0.01%, while the average monthly return is +0.25%. At this rate, an investment would double in approximately 23.1 years.
Historically, 85% of months were positive and 15% were negative. The best month was Apr 2020 with a return of +1.1%, while the worst month was Mar 2020 at -1.7%. The longest winning streak lasted 40 consecutive months, and the longest losing streak was 4 months.
On a daily basis, VNLA closed higher 54% of trading days. The best single day was Mar 27, 2020 with a return of +1.9%, while the worst single day was Dec 27, 2018 at -1.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.45% | 0.34% | -0.20% | 0.42% | 0.41% | 0.34% | 0.31% | 2.08% | |||||
| 2025 | 0.41% | 0.57% | 0.28% | 0.21% | 0.62% | 0.51% | 0.42% | 0.58% | 0.43% | 0.49% | 0.36% | 0.44% | 5.45% |
| 2024 | 0.56% | 0.06% | 0.55% | 0.14% | 0.66% | 0.53% | 0.98% | 0.74% | 0.57% | 0.42% | 0.56% | 0.46% | 6.41% |
| 2023 | 0.83% | 0.43% | 0.03% | 0.57% | 0.16% | 0.29% | 0.68% | 0.46% | 0.28% | 0.44% | 0.85% | 0.90% | 6.09% |
| 2022 | -0.22% | -0.19% | -0.35% | -0.36% | 0.30% | -0.57% | 0.33% | 0.16% | -0.40% | -0.03% | 0.78% | 0.40% | -0.17% |
| 2021 | -0.02% | -0.18% | -0.21% | 0.11% | 0.20% | 0.01% | 0.03% | 0.05% | 0.11% | -0.24% | -0.28% | 0.25% | -0.18% |
Benchmark Metrics
Janus Henderson Short Duration Income ETF has an annualized alpha of 3.00%, beta of 0.00, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since November 17, 2016.
- This ETF captured 7.66% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -2.73%) - a profile typical of hedging or uncorrelated assets.
- Beta of 0.00 may look defensive, but with R2 of 0.00 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.00 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 3.00%
- Beta
- 0.00
- R²
- 0.00
- Upside Capture
- 7.66%
- Downside Capture
- -2.73%
Expense Ratio
VNLA has an expense ratio of 0.23%, which is considered low.
Return for Risk
Risk / Return Rank
VNLA ranks 99 for risk / return — above 99% of ETFs peers on PortfoliosLab. Its historical combined result is among the stronger results in the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Janus Henderson Short Duration Income ETF (VNLA) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| VNLA | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +5.61 | ||
| Sortino ratioReturn per unit of downside risk | +12.03 | ||
| Omega ratioGain probability vs. loss probability | 3.30 | 1.25 | +2.05 |
| Calmar ratioReturn relative to maximum drawdown | 10.46 | 2.00 | +8.46 |
| Martin ratioReturn relative to average drawdown | 53.53 | 8.49 | +45.04 |
Dividends
Dividend History
Janus Henderson Short Duration Income ETF provided a 4.74% dividend yield over the last twelve months, with an annual payout of $2.32 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.32 | $2.38 | $2.43 | $1.91 | $2.06 | $0.83 | $0.61 | $1.55 | $1.19 | $0.90 | $0.04 |
Dividend yield | 4.74% | 4.84% | 4.97% | 3.95% | 4.35% | 1.67% | 1.21% | 3.13% | 2.43% | 1.79% | 0.08% |
Monthly Dividends
The table displays the monthly dividend distributions for Janus Henderson Short Duration Income ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.19 | $0.19 | $0.19 | $0.19 | $0.19 | $0.19 | $0.19 | $1.33 | |||||
| 2025 | $0.00 | $0.18 | $0.20 | $0.19 | $0.21 | $0.21 | $0.21 | $0.20 | $0.20 | $0.20 | $0.20 | $0.39 | $2.38 |
| 2024 | $0.00 | $0.19 | $0.19 | $0.20 | $0.20 | $0.21 | $0.20 | $0.20 | $0.21 | $0.20 | $0.20 | $0.42 | $2.43 |
| 2023 | $0.00 | $0.14 | $0.13 | $0.14 | $0.15 | $0.16 | $0.16 | $0.17 | $0.16 | $0.17 | $0.18 | $0.35 | $1.91 |
| 2022 | $0.00 | $0.05 | $0.05 | $0.04 | $0.05 | $0.05 | $0.05 | $0.07 | $0.07 | $0.09 | $0.09 | $1.46 | $2.06 |
| 2021 | $0.00 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.05 | $0.39 | $0.83 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Janus Henderson Short Duration Income ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Janus Henderson Short Duration Income ETF was 4.49%, occurring on Mar 26, 2020. Recovery took 57 trading sessions.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-4.49%Mar 2020 | 16d | 2mo 23d | 3mo 9dMar 2020 - Jun 2020 | COVID crash2020 |
-1.76%Jun 2022 | 8mo 17d | 7mo 6d | 1y 3moOct 2021 - Jan 2023 | Bear market2022 |
-1.57%Dec 2018 | 1mo 18d | 2mo 21d | 4mo 9dNov 2018 - Mar 2019 | Rate-hike selloffLate 2018 |
-0.73%Mar 2023 | 6d | 1mo 1d | 1mo 7dMar 2023 - Apr 2023 | — |
-0.62%Mar 2021 | 2mo 2d | 6mo 25d | 8mo 27dJan 2021 - Sep 2021 | — |
Drawdown Indicators
| VNLA | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.49% | -56.78% | +52.29% |
Max Drawdown (1Y)Largest decline over 1 year | -0.43% | -9.10% | +8.67% |
Max Drawdown (3Y)Largest decline over 3 years | -0.49% | -18.90% | +18.41% |
Max Drawdown (5Y)Largest decline over 5 years | -1.76% | -25.43% | +23.67% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.58% | +1.58% |
Average DrawdownAverage peak-to-trough decline | -0.23% | -10.70% | +10.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.08% | 2.14% | -2.06% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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