CCAP vs. JAAA
CCAP (Crescent Capital BDC, Inc.) is a stock, while JAAA (Janus Henderson AAA CLO ETF) is CLO fund actively managed by Janus Henderson. Over the past 5 years, CCAP returned 1.01%/yr vs 4.80%/yr for JAAA. At a 0.07 correlation, their price movements are largely independent.
Performance
CCAP vs. JAAA - Performance Comparison
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Returns By Period
In the year-to-date period, CCAP achieves a -17.50% return, which is significantly lower than JAAA's 2.07% return.
CCAP
- 1D
- -0.89%
- 1M
- -1.50%
- YTD
- -17.50%
- 6M
- -18.08%
- 1Y
- -11.14%
- 3Y*
- 3.21%
- 5Y*
- 1.01%
- 10Y*
- —
JAAA
- 1D
- 0.00%
- 1M
- 0.29%
- YTD
- 2.07%
- 6M
- 2.25%
- 1Y
- 4.99%
- 3Y*
- 6.58%
- 5Y*
- 4.80%
- 10Y*
- —
CCAP vs. JAAA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
CCAP Crescent Capital BDC, Inc. | -17.50% | -17.51% | 23.51% | 52.61% | -17.99% | 32.51% | 16.97% |
JAAA Janus Henderson AAA CLO ETF | 2.07% | 5.16% | 7.43% | 8.59% | 0.49% | 1.39% | 0.76% |
Correlation
The correlation between CCAP and JAAA is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2020 | 0.07 |
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Return for Risk
CCAP vs. JAAA — Risk / Return Rank
CCAP
JAAA
CCAP vs. JAAA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Crescent Capital BDC, Inc. (CCAP) 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.
| CCAP | JAAA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -6.55 | ||
| Sortino ratioReturn per unit of downside risk | -10.57 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 2.76 | -1.82 |
| Calmar ratioReturn relative to maximum drawdown | -0.47 | 12.91 | -13.38 |
| Martin ratioReturn relative to average drawdown | -1.05 | 69.99 | -71.04 |
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Drawdowns
CCAP vs. JAAA - Drawdown Comparison
The maximum CCAP drawdown since its inception was -63.68%, which is greater than JAAA's maximum drawdown of -2.64%. Use the drawdown chart below to compare losses from any high point for CCAP and JAAA.
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Drawdown Indicators
| CCAP | JAAA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.68% | -2.64% | -61.04% |
Max Drawdown (1Y)Largest decline over 1 year | -23.77% | -0.39% | -23.38% |
Max Drawdown (3Y)Largest decline over 3 years | -35.30% | -1.46% | -33.84% |
Max Drawdown (5Y)Largest decline over 5 years | -35.30% | -2.64% | -32.66% |
Current DrawdownCurrent decline from peak | -34.60% | -0.02% | -34.58% |
Average DrawdownAverage peak-to-trough decline | -12.96% | -0.25% | -12.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.62% | 0.07% | +10.55% |
Volatility
CCAP vs. JAAA - Volatility Comparison
Crescent Capital BDC, Inc. (CCAP) has a higher volatility of 7.46% compared to Janus Henderson AAA CLO ETF (JAAA) at 0.11%. This indicates that CCAP'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
| CCAP | JAAA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.46% | 0.11% | +7.35% |
Volatility (6M)Calculated over the trailing 6-month period | 20.65% | 0.63% | +20.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.46% | 0.82% | +24.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.26% | 1.67% | +20.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.85% | 1.63% | +32.22% |
Dividends
CCAP vs. JAAA - Dividend Comparison
CCAP's dividend yield for the trailing twelve months is around 15.76%, more than JAAA's 4.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
CCAP Crescent Capital BDC, Inc. | 15.76% | 13.02% | 10.61% | 10.41% | 14.83% | 9.63% | 11.26% |
JAAA Janus Henderson AAA CLO ETF | 4.99% | 5.30% | 6.35% | 6.11% | 2.74% | 1.21% | 0.26% |
Frequently Asked Questions
CCAP and JAAA have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CCAP has higher volatility (7.46%) compared to JAAA (0.11%). In terms of maximum drawdown, CCAP dropped -63.68% vs JAAA's -2.64%.
JAAA currently has the higher Sharpe Ratio (6.11 vs -0.44), 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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