BINC vs. JAAA
Compare and contrast key facts about BlackRock Flexible Income ETF (BINC) and Janus Henderson AAA CLO ETF (JAAA).
BINC and JAAA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BINC is an actively managed fund by Blackrock. It was launched on Sep 19, 2023. 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: BINC or JAAA.
Key characteristics
| BINC | JAAA | |
|---|---|---|
| YTD Return | 5.18% | 6.44% |
| 1Y Return | 10.31% | 7.98% |
| Sharpe Ratio | 3.26 | 10.46 |
| Sortino Ratio | 5.36 | 22.43 |
| Omega Ratio | 1.73 | 6.81 |
| Calmar Ratio | 8.19 | 24.45 |
| Martin Ratio | 25.01 | 247.28 |
| Ulcer Index | 0.42% | 0.03% |
| Daily Std Dev | 3.20% | 0.77% |
| Max Drawdown | -1.95% | -2.60% |
| Current Drawdown | -0.77% | -0.02% |
Correlation
The correlation between BINC and JAAA is 0.04, 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
BINC vs. JAAA - Performance Comparison
In the year-to-date period, BINC achieves a 5.18% return, which is significantly lower than JAAA's 6.44% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BINC vs. JAAA - Expense Ratio Comparison
BINC has a 0.40% expense ratio, which is higher than JAAA's 0.21% expense ratio.
Risk-Adjusted Performance
BINC vs. JAAA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Flexible Income ETF (BINC) 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
BINC vs. JAAA - Dividend Comparison
BINC's dividend yield for the trailing twelve months is around 5.54%, less than JAAA's 6.40% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
BINC BlackRock Flexible Income ETF | 5.54% | 3.13% | 0.00% | 0.00% | 0.00% |
JAAA Janus Henderson AAA CLO ETF | 6.40% | 6.10% | 2.77% | 1.21% | 0.26% |
Drawdowns
BINC vs. JAAA - Drawdown Comparison
The maximum BINC drawdown since its inception was -1.95%, smaller than the maximum JAAA drawdown of -2.60%. Use the drawdown chart below to compare losses from any high point for BINC and JAAA. For additional features, visit the drawdowns tool.
Volatility
BINC vs. JAAA - Volatility Comparison
BlackRock Flexible Income ETF (BINC) has a higher volatility of 0.68% compared to Janus Henderson AAA CLO ETF (JAAA) at 0.18%. This indicates that BINC'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.