DXYZ vs. JAAA
DXYZ (Destiny Tech100 Inc.) is a stock, while JAAA (Janus Henderson AAA CLO ETF) is CLO fund actively managed by Janus Henderson. Over the past year, DXYZ returned -21.19% vs 4.93% for JAAA. At a 0.11 correlation, their price movements are largely independent.
Performance
DXYZ vs. JAAA - Performance Comparison
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Returns By Period
In the year-to-date period, DXYZ achieves a -11.36% return, which is significantly lower than JAAA's 2.33% return.
DXYZ
- 1D
- 2.34%
- 1M
- -4.50%
- 6M
- -11.53%
- YTD
- -11.36%
- 1Y
- -21.19%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JAAA
- 1D
- 0.04%
- 1M
- 0.32%
- 6M
- 2.13%
- YTD
- 2.33%
- 1Y
- 4.93%
- 3Y*
- 6.44%
- 5Y*
- 4.83%
- 10Y*
- —
DXYZ vs. JAAA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
DXYZ Destiny Tech100 Inc. | -11.36% | -47.96% | 613.45% |
JAAA Janus Henderson AAA CLO ETF | 2.33% | 5.16% | 5.53% |
Correlation
The correlation between DXYZ 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 (All Time) Calculated using the full available price history since Mar 26, 2024 | 0.11 |
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Return for Risk
DXYZ vs. JAAA — Risk / Return Rank
DXYZ
JAAA
DXYZ vs. JAAA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Destiny Tech100 Inc. (DXYZ) 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.
| DXYZ | JAAA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -6.38 | ||
| Sortino ratioReturn per unit of downside risk | -9.77 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 2.80 | -1.75 |
| Calmar ratioReturn relative to maximum drawdown | -0.32 | 12.74 | -13.06 |
| Martin ratioReturn relative to average drawdown | -0.72 | 69.13 | -69.85 |
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Drawdowns
DXYZ vs. JAAA - Drawdown Comparison
The maximum DXYZ drawdown since its inception was -90.35%, which is greater than JAAA's maximum drawdown of -2.64%. Use the drawdown chart below to compare losses from any high point for DXYZ and JAAA.
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Drawdown Indicators
| DXYZ | JAAA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.35% | -2.64% | -87.71% |
Max Drawdown (1Y)Largest decline over 1 year | -65.55% | -0.39% | -65.16% |
Max Drawdown (3Y)Largest decline over 3 years | — | -1.46% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -2.64% | — |
Current DrawdownCurrent decline from peak | -72.79% | -0.00% | -72.79% |
Average DrawdownAverage peak-to-trough decline | -68.56% | -0.25% | -68.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.01% | 0.07% | +29.94% |
Volatility
DXYZ vs. JAAA - Volatility Comparison
Destiny Tech100 Inc. (DXYZ) has a higher volatility of 16.28% compared to Janus Henderson AAA CLO ETF (JAAA) at 0.16%. This indicates that DXYZ'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
| DXYZ | JAAA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.28% | 0.16% | +16.12% |
Volatility (6M)Calculated over the trailing 6-month period | 83.08% | 0.63% | +82.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 101.55% | 0.80% | +100.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 162.65% | 1.66% | +160.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 162.65% | 1.63% | +161.02% |
Dividends
DXYZ vs. JAAA - Dividend Comparison
DXYZ has not paid dividends to shareholders, while JAAA's dividend yield for the trailing twelve months is around 4.95%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
DXYZ Destiny Tech100 Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
JAAA Janus Henderson AAA CLO ETF | 4.95% | 5.30% | 6.35% | 6.11% | 2.74% | 1.21% | 0.26% |
Frequently Asked Questions
DXYZ 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.
DXYZ has higher volatility (16.28%) compared to JAAA (0.16%). In terms of maximum drawdown, DXYZ dropped -90.35% vs JAAA's -2.64%.
JAAA currently has the higher Sharpe Ratio (6.17 vs -0.21), 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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