AAAC vs. JA

Last updated Jul 17, 2026

AAAC (Columbia AAA CLO ETF) and JA (Janus Henderson AA-A CLO ETF) are both CLO funds. Both are actively managed. At a 0.08 correlation, their price movements are largely independent. AAAC charges 0.20%/yr vs 0.29%/yr for JA.

Performance

AAAC vs. JA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Columbia AAA CLO ETF (AAAC) and Janus Henderson AA-A CLO ETF (JA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

AAAC

• 1D: 0.00%
• 1M: 0.46%
• 6M: 2.48%
• YTD: 2.69%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

JA

• 1D: 0.00%
• 1M: 0.42%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AAAC vs. JA - Yearly Performance Comparison

	2026 (YTD)
AAAC Columbia AAA CLO ETF	1.85%
JA Janus Henderson AA-A CLO ETF	1.95%

Correlation

The correlation between AAAC and JA is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 19, 2026	0.08

Return for Risk

AAAC vs. JA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Columbia AAA CLO ETF (AAAC) and Janus Henderson AA-A CLO ETF (JA). 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.

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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

AAAC vs. JA - Drawdown Comparison

The maximum AAAC drawdown since its inception was -0.55%, which is greater than JA's maximum drawdown of -0.51%. Use the drawdown chart below to compare losses from any high point for AAAC and JA.

Drawdown Indicators

	AAAC	JA	Difference
Max Drawdown Largest peak-to-trough decline	-0.55%	-0.51%	-0.04%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.04%	-0.05%	+0.01%

Volatility

Volatility by Period

	AAAC	JA	Difference
Volatility (1Y) Calculated over the trailing 1-year period	0.85%	1.44%	-0.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.85%	1.44%	-0.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.85%	1.44%	-0.59%

AAAC vs. JA - Expense Ratio Comparison

AAAC has a 0.20% expense ratio, which is lower than JA's 0.29% expense ratio.

Dividends

AAAC vs. JA - Dividend Comparison

AAAC's dividend yield for the trailing twelve months is around 2.65%, more than JA's 1.72% yield.

Position	TTM	2025
AAAC Columbia AAA CLO ETF	2.65%	0.03%
JA Janus Henderson AA-A CLO ETF	1.72%	0.00%

Frequently Asked Questions

Can I hold both AAAC and JA in my portfolio?

AAAC and JA have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AAAC or JA?

On fees, AAAC is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AAAC or JA?

AAAC is cheaper with a 0.20% expense ratio, compared with 0.29% for JA.

Which ETF pays a higher dividend yield, AAAC or JA?

AAAC has the higher dividend yield at 2.65%, compared with 1.72% for JA.

What is the main difference between AAAC and JA?

They also come from different issuers: Columbia Threadneedle and Janus Henderson. Their fees differ too: 0.20% for AAAC and 0.29% for JA.