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Janus Henderson Short Duration Income ETF (VNLA)
Performance
Return for Risk
Dividends
Drawdowns
Volatility

ETF Info

ISIN
US47103U8861
CUSIP
47103U886
Inception Date
Nov 16, 2016
Region
Developed Markets (Broad)
Leveraged
1x (No leverage)
Index Tracked
FTSE 3-Month U.S. Treasury Bill Index
Domicile
United States
Distribution Policy
Distributing
Asset Class
Bond

Share Price Chart


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Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Janus Henderson Short Duration Income ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


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S&P 500 Index

Returns By Period

Janus Henderson Short Duration Income ETF (VNLA) has returned 0.59% so far this year and 4.75% over the past 12 months.


Janus Henderson Short Duration Income ETF

1D
0.06%
1M
-0.20%
YTD
0.59%
6M
1.89%
1Y
4.75%
3Y*
5.73%
5Y*
3.68%
10Y*

Benchmark (S&P 500 Index)

1D
2.91%
1M
-5.09%
YTD
-4.63%
6M
-2.39%
1Y
16.33%
3Y*
16.69%
5Y*
10.18%
10Y*
12.16%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since Nov 17, 2016, VNLA's average daily return is +0.01%, while the average monthly return is +0.24%. At this rate, your investment would double in approximately 24.1 years.

Historically, 84% of months were positive and 16% 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%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20260.45%0.34%-0.20%0.59%
20250.41%0.57%0.28%0.21%0.62%0.51%0.42%0.58%0.43%0.49%0.36%0.44%5.45%
20240.56%0.06%0.55%0.14%0.66%0.53%0.98%0.74%0.57%0.42%0.56%0.46%6.41%
20230.83%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 2.96%, beta of 0.00, and R² of 0.00 versus S&P 500 Index. Calculated based on daily prices since November 18, 2016.

  • This ETF captured 7.91% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -2.22%) — 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
2.96%
Beta
0.00
0.00
Upside Capture
7.91%
Downside Capture
-2.22%

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 — in the top 99% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.


VNLA Risk / Return Rank: 9999
Overall Rank
VNLA Sharpe Ratio Rank: 9999
Sharpe Ratio Rank
VNLA Sortino Ratio Rank: 9999
Sortino Ratio Rank
VNLA Omega Ratio Rank: 9999
Omega Ratio Rank
VNLA Calmar Ratio Rank: 9999
Calmar Ratio Rank
VNLA Martin Ratio Rank: 9999
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for Janus Henderson Short Duration Income ETF (VNLA) and compare them to a chosen benchmark (S&P 500 Index).


VNLABenchmarkDifference

Sharpe ratio

Return per unit of total volatility

6.59

0.90

+5.70

Sortino ratio

Return per unit of downside risk

11.40

1.39

+10.02

Omega ratio

Gain probability vs. loss probability

3.18

1.21

+1.96

Calmar ratio

Return relative to maximum drawdown

10.02

1.40

+8.62

Martin ratio

Return relative to average drawdown

45.04

6.61

+38.43

Explore VNLA risk-adjusted metrics in detail

Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.

Dividends

Dividend History

Janus Henderson Short Duration Income ETF provided a 5.26% dividend yield over the last twelve months, with an annual payout of $2.57 per share.


0.00%1.00%2.00%3.00%4.00%5.00%$0.00$0.50$1.00$1.50$2.00$2.502016201720182019202020212022202320242025
Dividends
Dividend Yield
PeriodTTM2025202420232022202120202019201820172016
Dividend$2.57$2.38$2.43$1.91$2.06$0.83$0.61$1.55$1.19$0.90$0.04

Dividend yield

5.26%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.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2026$0.19$0.19$0.19$0.57
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.

The current Janus Henderson Short Duration Income ETF drawdown is 0.20%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-4.49%Mar 10, 202013Mar 26, 202057Jun 17, 202070
-1.76%Oct 1, 2021178Jun 15, 2022147Jan 17, 2023325
-1.57%Nov 6, 201837Dec 31, 201856Mar 22, 201993
-0.73%Mar 14, 20235Mar 20, 202322Apr 20, 202327
-0.62%Jan 6, 202150Mar 18, 2021136Sep 30, 2021186

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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