CBLDX vs. JAAA
Compare and contrast key facts about CrossingBridge Low Duration High Yield Fund (CBLDX) and Janus Henderson AAA CLO ETF (JAAA).
CBLDX is managed by CrossingBridge. It was launched on Jan 30, 2018. 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: CBLDX or JAAA.
Correlation
The correlation between CBLDX and JAAA is 0.13, 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
CBLDX vs. JAAA - Performance Comparison
Key characteristics
CBLDX:
6.10
JAAA:
3.19
CBLDX:
8.96
JAAA:
4.03
CBLDX:
2.88
JAAA:
2.25
CBLDX:
5.23
JAAA:
3.79
CBLDX:
32.87
JAAA:
26.75
CBLDX:
0.16%
JAAA:
0.21%
CBLDX:
0.87%
JAAA:
1.74%
CBLDX:
-8.16%
JAAA:
-2.60%
CBLDX:
-0.60%
JAAA:
-0.46%
Returns By Period
In the year-to-date period, CBLDX achieves a 0.83% return, which is significantly higher than JAAA's 0.50% return.
CBLDX
0.83%
-0.46%
1.92%
5.27%
5.65%
N/A
JAAA
0.50%
0.04%
1.91%
5.41%
N/A
N/A
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CBLDX vs. JAAA - Expense Ratio Comparison
CBLDX has a 0.88% expense ratio, which is higher than JAAA's 0.21% expense ratio.
Risk-Adjusted Performance
CBLDX vs. JAAA — Risk-Adjusted Performance Rank
CBLDX
JAAA
CBLDX vs. JAAA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for CrossingBridge Low Duration High Yield Fund (CBLDX) 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
CBLDX vs. JAAA - Dividend Comparison
CBLDX's dividend yield for the trailing twelve months is around 6.66%, more than JAAA's 6.13% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
CBLDX CrossingBridge Low Duration High Yield Fund | 6.66% | 7.12% | 7.66% | 4.19% | 3.60% | 3.96% | 2.86% | 2.15% |
JAAA Janus Henderson AAA CLO ETF | 6.13% | 6.35% | 6.10% | 2.77% | 1.21% | 0.26% | 0.00% | 0.00% |
Drawdowns
CBLDX vs. JAAA - Drawdown Comparison
The maximum CBLDX drawdown since its inception was -8.16%, which is greater than JAAA's maximum drawdown of -2.60%. Use the drawdown chart below to compare losses from any high point for CBLDX and JAAA. For additional features, visit the drawdowns tool.
Volatility
CBLDX vs. JAAA - Volatility Comparison
The current volatility for CrossingBridge Low Duration High Yield Fund (CBLDX) is 0.51%, while Janus Henderson AAA CLO ETF (JAAA) has a volatility of 1.61%. This indicates that CBLDX experiences smaller price fluctuations and is considered to be less risky than JAAA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.