- ISIN
- US47103U8861
- CUSIP
- 47103U886
- Issuer
- Janus Henderson
- Inception Date
- Nov 16, 2016
- Region
- Developed Markets (Broad)
- Category
- Ultrashort Bond
- Leveraged
- 1x (No leverage)
- Index Tracked
- FTSE 3-Month U.S. Treasury Bill Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $3B
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
VNLA Performance Chart
Janus Henderson Short Duration Income ETF (VNLA) is up 1.6% 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 $1,207.
Loading charts...
Returns By Period
Janus Henderson Short Duration Income ETF (VNLA) has returned 1.63% so far this year and 4.64% over the past 12 months.
Janus Henderson Short Duration Income ETF
- 1D
- 0.02%
- 1M
- 0.30%
- YTD
- 1.63%
- 6M
- 1.78%
- 1Y
- 4.64%
- 3Y*
- 5.74%
- 5Y*
- 3.84%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
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 +0.24%. At this rate, an 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%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.45% | 0.34% | -0.20% | 0.42% | 0.41% | 0.20% | 1.63% | ||||||
| 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 2.99%, 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 -2.36%) - 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
- 2.99%
- Beta
- 0.00
- R²
- 0.00
- Upside Capture
- 7.66%
- Downside Capture
- -2.36%
Expense Ratio
VNLA has an expense ratio of 0.23%, which is considered low.
Return for Risk
Risk / Return Rank
VNLA ranks 98 for risk / return — in the top 98% 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.
Return / Risk — by 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 | +5.29 | ||
| Sortino ratioReturn per unit of downside risk | +11.79 | ||
| Omega ratioGain probability vs. loss probability | 3.46 | 1.37 | +2.10 |
| Calmar ratioReturn relative to maximum drawdown | 10.90 | 2.78 | +8.12 |
| Martin ratioReturn relative to average drawdown | 55.89 | 12.44 | +43.45 |
Dividends
Dividend History
Janus Henderson Short Duration Income ETF provided a 4.77% dividend yield over the last twelve months, with an annual payout of $2.34 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.34 | $2.38 | $2.43 | $1.91 | $2.06 | $0.83 | $0.61 | $1.55 | $1.19 | $0.90 | $0.04 |
Dividend yield | 4.77% | 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 | $0.00 | $0.94 | ||||||
| 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.
Loading charts...
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.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -4.49%Mar 2020 | 16d | 2mo 23d | 3mo 9dMar 2020 - Jun 2020 |
Bear market2022 | -1.76%Jun 2022 | 8mo 17d | 7mo 6d | 1y 3moOct 2021 - Jan 2023 |
2018 pullback2018 | -1.57%Dec 2018 | 1mo 25d | 2mo 21d | 4mo 16dNov 2018 - Mar 2019 |
2023 pullback2023 | -0.73%Mar 2023 | 6d | 1mo 1d | 1mo 7dMar 2023 - Apr 2023 |
2021 pullback2021 | -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% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -0.23% | -10.71% | +10.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.08% | 2.03% | -1.95% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with VNLA
Add Janus Henderson Short Duration Income ETF to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with VNLA