CGCB vs. JAAA
Compare and contrast key facts about Capital Group Core Bond ETF (CGCB) and Janus Henderson AAA CLO ETF (JAAA).
CGCB and JAAA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CGCB is an actively managed fund by Capital Group. It was launched on Sep 26, 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: CGCB or JAAA.
Correlation
The correlation between CGCB and JAAA is 0.15, 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
CGCB vs. JAAA - Performance Comparison
Key characteristics
CGCB:
1.35
JAAA:
3.43
CGCB:
1.92
JAAA:
4.36
CGCB:
1.24
JAAA:
2.34
CGCB:
1.47
JAAA:
4.12
CGCB:
3.44
JAAA:
28.37
CGCB:
2.21%
JAAA:
0.21%
CGCB:
5.65%
JAAA:
1.76%
CGCB:
-5.16%
JAAA:
-2.60%
CGCB:
-1.56%
JAAA:
0.00%
Returns By Period
In the year-to-date period, CGCB achieves a 2.43% return, which is significantly higher than JAAA's 1.25% return.
CGCB
2.43%
-0.58%
2.17%
6.70%
N/A
N/A
JAAA
1.25%
0.29%
2.40%
5.90%
N/A
N/A
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CGCB vs. JAAA - Expense Ratio Comparison
CGCB has a 0.27% expense ratio, which is higher than JAAA's 0.21% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
CGCB vs. JAAA — Risk-Adjusted Performance Rank
CGCB
JAAA
CGCB vs. JAAA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Capital Group Core Bond ETF (CGCB) 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
CGCB vs. JAAA - Dividend Comparison
CGCB's dividend yield for the trailing twelve months is around 4.06%, less than JAAA's 6.06% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
CGCB Capital Group Core Bond ETF | 4.06% | 3.99% | 0.95% | 0.00% | 0.00% | 0.00% |
JAAA Janus Henderson AAA CLO ETF | 6.06% | 6.35% | 6.10% | 2.77% | 1.21% | 0.26% |
Drawdowns
CGCB vs. JAAA - Drawdown Comparison
The maximum CGCB drawdown since its inception was -5.16%, which is greater than JAAA's maximum drawdown of -2.60%. Use the drawdown chart below to compare losses from any high point for CGCB and JAAA. For additional features, visit the drawdowns tool.
Volatility
CGCB vs. JAAA - Volatility Comparison
Capital Group Core Bond ETF (CGCB) has a higher volatility of 2.34% compared to Janus Henderson AAA CLO ETF (JAAA) at 1.62%. This indicates that CGCB'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.