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 -5.69% vs 5.06% for JAAA. At a 0.12 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 31.99% return, which is significantly higher than JAAA's 1.87% return.
DXYZ
- 1D
- -14.40%
- 1M
- 4.93%
- YTD
- 31.99%
- 6M
- 65.09%
- 1Y
- -5.69%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JAAA
- 1D
- -0.02%
- 1M
- 0.39%
- YTD
- 1.87%
- 6M
- 2.45%
- 1Y
- 5.06%
- 3Y*
- 6.71%
- 5Y*
- 4.79%
- 10Y*
- —
DXYZ vs. JAAA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
DXYZ Destiny Tech100 Inc | 31.99% | -47.96% | 554.00% |
JAAA Janus Henderson AAA CLO ETF | 1.87% | 5.16% | 5.55% |
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 27, 2024 | 0.12 |
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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.
| DXYZ | JAAA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -6.04 | ||
| Sortino ratioReturn per unit of downside risk | -9.35 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 2.69 | -1.60 |
| Calmar ratioReturn relative to maximum drawdown | -0.11 | 13.07 | -13.19 |
| Martin ratioReturn relative to average drawdown | -0.18 | 70.18 | -70.35 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DXYZ | JAAA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.06 | 5.98 | -6.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 2.87 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 2.77 | -2.17 |
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 | -51.50% | -0.39% | -51.11% |
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 | -59.48% | -0.02% | -59.46% |
Average DrawdownAverage peak-to-trough decline | -68.57% | -0.25% | -68.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 32.43% | 0.07% | +32.36% |
Volatility
DXYZ vs. JAAA - Volatility Comparison
Destiny Tech100 Inc (DXYZ) has a higher volatility of 61.86% compared to Janus Henderson AAA CLO ETF (JAAA) at 0.13%. 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 | 61.86% | 0.13% | +61.73% |
Volatility (6M)Calculated over the trailing 6-month period | 80.27% | 0.64% | +79.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 98.20% | 0.85% | +97.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 165.18% | 1.68% | +163.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 165.18% | 1.64% | +163.54% |
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 5.00%.
| 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 | 5.00% | 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 (61.86%) compared to JAAA (0.13%). In terms of maximum drawdown, DXYZ dropped -90.35% vs JAAA's -2.64%.
JAAA currently has the higher Sharpe Ratio (5.98 vs -0.06), 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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