BGH vs. JAAA
BGH (Barings Global Short Duration High Yield Fund) and JAAA (Janus Henderson AAA CLO ETF) are both funds - BGH is a High Yield Bonds fund actively managed by Barings, while JAAA is a CLO fund actively managed by Janus Henderson. Both are actively managed. Over the past 5 years, BGH returned 6.56%/yr vs 4.88%/yr for JAAA. Their 0.13 correlation means their historical movements had little consistent relationship. BGH charges 3.95%/yr vs 0.20%/yr for JAAA.
Performance
BGH vs. JAAA - Performance Comparison
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Returns By Period
In the year-to-date period, BGH achieves a -0.78% return, which is significantly lower than JAAA's 2.60% return.
BGH
- 1D
- 0.21%
- 1M
- -0.35%
- 6M
- -2.16%
- YTD
- -0.78%
- 1Y
- 0.13%
- 3Y*
- 13.43%
- 5Y*
- 6.56%
- 10Y*
- 7.40%
- ALL TIME*
- 6.21%
JAAA
- 1D
- 0.06%
- 1M
- 0.30%
- 6M
- 2.05%
- YTD
- 2.60%
- 1Y
- 4.89%
- 3Y*
- 6.20%
- 5Y*
- 4.88%
- 10Y*
- —
- ALL TIME*
- 4.53%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $973.48K | $1.13M | $1.18M | |
| $257.93M | $255.22M | $259.12M |
BGH vs. JAAA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
BGH Barings Global Short Duration High Yield Fund | -0.78% | 8.56% | 27.22% | 18.18% | -19.89% | 24.10% | 15.88% |
JAAA Janus Henderson AAA CLO ETF | 2.60% | 5.16% | 7.43% | 8.59% | 0.49% | 1.39% | 0.76% |
Correlation
The correlation between BGH and JAAA is 0.17, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.17 |
Correlation (3Y) Balances recent behavior with more history. | 0.18 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.14 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2020 | 0.13 |
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Return for Risk
BGH vs. JAAA — Risk / Return Rank
BGH
JAAA
BGH vs. JAAA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Barings Global Short Duration High Yield Fund (BGH) 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.
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.
| BGH | JAAA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -6.19 | ||
| Sortino ratioReturn per unit of downside risk | -10.13 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 2.84 | -1.83 |
| Calmar ratioReturn relative to maximum drawdown | -0.00 | 12.63 | -12.63 |
| Martin ratioReturn relative to average drawdown | -0.00 | 68.67 | -68.67 |
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Drawdowns
BGH vs. JAAA - Drawdown Comparison
The maximum BGH drawdown since its inception was -48.73%, which is greater than JAAA's maximum drawdown of -2.64%. Use the drawdown chart below to compare losses from any high point for BGH and JAAA.
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Drawdown Indicators
| BGH | JAAA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.73% | -2.64% | -46.09% |
Max Drawdown (1Y)Largest decline over 1 year | -16.90% | -0.39% | -16.51% |
Max Drawdown (3Y)Largest decline over 3 years | -16.90% | -1.46% | -15.44% |
Max Drawdown (5Y)Largest decline over 5 years | -26.62% | -2.64% | -23.98% |
Max Drawdown (10Y)Largest decline over 10 years | -48.73% | — | — |
Current DrawdownCurrent decline from peak | -8.50% | 0.00% | -8.50% |
Average DrawdownAverage peak-to-trough decline | -7.33% | -0.24% | -7.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.72% | 0.07% | +8.65% |
Volatility
BGH vs. JAAA - Volatility Comparison
Barings Global Short Duration High Yield Fund (BGH) has a higher volatility of 3.11% compared to Janus Henderson AAA CLO ETF (JAAA) at 0.16%. This indicates that BGH'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.
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Volatility by Period
| BGH | JAAA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.11% | 0.16% | +2.95% |
Volatility (6M)Calculated over the trailing 6-month period | 8.47% | 0.62% | +7.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.64% | 0.79% | +10.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.19% | 1.66% | +11.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.94% | 1.62% | +14.32% |
BGH vs. JAAA - Expense Ratio Comparison
BGH has a 3.95% expense ratio, which is higher than JAAA's 0.20% expense ratio.
Dividends
BGH vs. JAAA - Dividend Comparison
BGH's dividend yield for the trailing twelve months is around 12.18%, more than JAAA's 5.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BGH Barings Global Short Duration High Yield Fund | 12.18% | 11.38% | 9.72% | 10.66% | 9.99% | 7.31% | 9.10% | 10.14% | 12.11% | 9.50% | 9.61% | 13.31% |
JAAA Janus Henderson AAA CLO ETF | 4.93% | 5.30% | 6.35% | 6.11% | 2.74% | 1.21% | 0.26% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BGH and JAAA have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BGH has higher volatility (3.11%) compared to JAAA (0.16%). In terms of maximum drawdown, BGH dropped -48.73% vs JAAA's -2.64%.
JAAA currently has the higher Sharpe Ratio (6.19 vs -0.00), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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