AAA vs. JAAA
Compare and contrast key facts about AAF First Priority CLO Bond ETF (AAA) and Janus Henderson AAA CLO ETF (JAAA).
AAA and JAAA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AAA is an actively managed fund by Alternative Access Funds LLC. It was launched on Sep 9, 2020. JAAA is an actively managed fund by Janus Henderson. It was launched on Oct 16, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AAA or JAAA.
Correlation
The correlation between AAA and JAAA is 0.12, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
AAA vs. JAAA - Performance Comparison
Key characteristics
AAA:
3.65
JAAA:
10.56
AAA:
6.05
JAAA:
22.45
AAA:
1.80
JAAA:
6.26
AAA:
18.18
JAAA:
22.64
AAA:
67.39
JAAA:
214.74
AAA:
0.10%
JAAA:
0.03%
AAA:
1.88%
JAAA:
0.70%
AAA:
-2.63%
JAAA:
-2.60%
AAA:
0.00%
JAAA:
0.00%
Returns By Period
In the year-to-date period, AAA achieves a 0.58% return, which is significantly higher than JAAA's 0.55% return.
AAA
0.58%
0.58%
3.56%
6.61%
N/A
N/A
JAAA
0.55%
0.65%
3.47%
7.32%
N/A
N/A
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AAA vs. JAAA - Expense Ratio Comparison
AAA has a 0.25% expense ratio, which is higher than JAAA's 0.21% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
AAA vs. JAAA — Risk-Adjusted Performance Rank
AAA
JAAA
AAA vs. JAAA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AAF First Priority CLO Bond ETF (AAA) and Janus Henderson AAA CLO ETF (JAAA). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
AAA vs. JAAA - Dividend Comparison
AAA's dividend yield for the trailing twelve months is around 6.13%, less than JAAA's 6.32% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
AAA AAF First Priority CLO Bond ETF | 6.13% | 6.17% | 6.12% | 2.78% | 1.06% | 0.32% |
JAAA Janus Henderson AAA CLO ETF | 6.32% | 6.35% | 6.10% | 2.77% | 1.21% | 0.26% |
Drawdowns
AAA vs. JAAA - Drawdown Comparison
The maximum AAA drawdown since its inception was -2.63%, roughly equal to the maximum JAAA drawdown of -2.60%. Use the drawdown chart below to compare losses from any high point for AAA and JAAA. For additional features, visit the drawdowns tool.
Volatility
AAA vs. JAAA - Volatility Comparison
AAF First Priority CLO Bond ETF (AAA) has a higher volatility of 0.57% compared to Janus Henderson AAA CLO ETF (JAAA) at 0.16%. This indicates that AAA's price experiences larger fluctuations and is considered to be riskier than JAAA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.