CLOC vs. JA

Last updated Jul 12, 2026

CLOC (AAM Crescent CLO ETF) and JA (Janus Henderson AA-A CLO ETF) are both CLO funds. Both are actively managed. At a 0.28 correlation, their price movements are largely independent. CLOC charges 0.49%/yr vs 0.29%/yr for JA.

Performance

CLOC vs. JA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AAM Crescent CLO ETF (CLOC) and Janus Henderson AA-A CLO ETF (JA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CLOC

• 1D: 0.04%
• 1M: 0.40%
• 6M: 2.63%
• YTD: 2.88%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

JA

• 1D: 0.06%
• 1M: 0.46%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CLOC vs. JA - Yearly Performance Comparison

	2026 (YTD)
CLOC AAM Crescent CLO ETF	2.10%
JA Janus Henderson AA-A CLO ETF	1.93%

Correlation

The correlation between CLOC and JA is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 19, 2026	0.28

Return for Risk

CLOC vs. JA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AAM Crescent CLO ETF (CLOC) and Janus Henderson AA-A CLO ETF (JA). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

CLOC vs. JA - Drawdown Comparison

The maximum CLOC drawdown since its inception was -0.54%, which is greater than JA's maximum drawdown of -0.51%. Use the drawdown chart below to compare losses from any high point for CLOC and JA.

Drawdown Indicators

	CLOC	JA	Difference
Max Drawdown Largest peak-to-trough decline	-0.54%	-0.51%	-0.03%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.06%	-0.05%	-0.01%

Volatility

Volatility by Period

	CLOC	JA	Difference
Volatility (1Y) Calculated over the trailing 1-year period	0.87%	1.47%	-0.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.87%	1.47%	-0.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.87%	1.47%	-0.60%

CLOC vs. JA - Expense Ratio Comparison

CLOC has a 0.49% expense ratio, which is higher than JA's 0.29% expense ratio.

Dividends

CLOC vs. JA - Dividend Comparison

CLOC's dividend yield for the trailing twelve months is around 4.19%, more than JA's 1.72% yield.

Position	TTM	2025
CLOC AAM Crescent CLO ETF	4.19%	1.15%
JA Janus Henderson AA-A CLO ETF	1.72%	0.00%

Frequently Asked Questions

Can I hold both CLOC and JA in my portfolio?

CLOC and JA have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CLOC or JA?

On fees, JA is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CLOC or JA?

JA is cheaper with a 0.29% expense ratio, compared with 0.49% for CLOC.

Which ETF pays a higher dividend yield, CLOC or JA?

CLOC has the higher dividend yield at 4.19%, compared with 1.72% for JA.

What is the main difference between CLOC and JA?

They also come from different issuers: AAM and Janus Henderson. Their fees differ too: 0.49% for CLOC and 0.29% for JA.