EDGH vs. JAAA

Last updated Jun 4, 2026

EDGH (3EDGE Dynamic Hard Assets ETF) and JAAA (Janus Henderson AAA CLO ETF) are both exchange-traded funds - EDGH is a Commodities fund actively managed by 3EDGE Asset Management, while JAAA is a CLO fund actively managed by Janus Henderson. Both are actively managed. Over the past year, EDGH returned 31.24% vs 5.06% for JAAA. At a correlation of -0.05, they often move in opposite directions. EDGH charges 1.01%/yr vs 0.21%/yr for JAAA.

Performance

EDGH vs. JAAA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in 3EDGE Dynamic Hard Assets ETF (EDGH) and Janus Henderson AAA CLO ETF (JAAA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EDGH achieves a 12.49% return, which is significantly higher than JAAA's 1.87% return.

EDGH

• 1D: -0.45%
• 1M: -1.84%
• YTD: 12.49%
• 6M: 14.30%
• 1Y: 31.24%
• 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*: —

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

EDGH vs. JAAA - Yearly Performance Comparison

	2026 (YTD)	2025	2024
EDGH 3EDGE Dynamic Hard Assets ETF	12.49%	28.98%	-1.99%
JAAA Janus Henderson AAA CLO ETF	1.87%	5.16%	1.68%

Correlation

The correlation between EDGH and JAAA is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.03
Correlation (All Time) Calculated using the full available price history since Oct 4, 2024	-0.05

Return for Risk

EDGH vs. JAAA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EDGH

EDGH Risk / Return Rank: 54
EDGH Sharpe Ratio Rank: 52
EDGH Sortino Ratio Rank: 43
EDGH Omega Ratio Rank: 60
EDGH Calmar Ratio Rank: 60
EDGH Martin Ratio Rank: 57

JAAA

JAAA Risk / Return Rank: 98
JAAA Sharpe Ratio Rank: 98
JAAA Sortino Ratio Rank: 99
JAAA Omega Ratio Rank: 99
JAAA Calmar Ratio Rank: 98
JAAA Martin Ratio Rank: 98

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EDGH vs. JAAA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for 3EDGE Dynamic Hard Assets ETF (EDGH) 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.

	EDGH	JAAA	Difference
Sharpe ratio Return per unit of total volatility	1.77	5.98	-4.21
Sortino ratio Return per unit of downside risk	2.15	10.04	-7.89
Omega ratio Gain probability vs. loss probability	1.36	2.69	-1.32
Calmar ratio Return relative to maximum drawdown	2.96	13.07	-10.11
Martin ratio Return relative to average drawdown	9.70	70.18	-60.48
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EDGH vs. JAAA - Sharpe Ratio Comparison

The current EDGH Sharpe Ratio is 1.77, which is lower than the JAAA Sharpe Ratio of 5.98. The chart below compares the historical Sharpe Ratios of EDGH and JAAA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	EDGH	JAAA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.77	5.98	-4.21
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	2.87	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.53	2.77	-1.25

Drawdowns

EDGH vs. JAAA - Drawdown Comparison

The maximum EDGH drawdown since its inception was -10.60%, which is greater than JAAA's maximum drawdown of -2.64%. Use the drawdown chart below to compare losses from any high point for EDGH and JAAA.

Drawdown Indicators

	EDGH	JAAA	Difference
Max Drawdown Largest peak-to-trough decline	-10.60%	-2.64%	-7.96%
Max Drawdown (1Y) Largest decline over 1 year	-10.60%	-0.39%	-10.21%
Max Drawdown (3Y) Largest decline over 3 years	—	-1.46%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-2.64%	—
Current Drawdown Current decline from peak	-4.80%	-0.02%	-4.78%
Average Drawdown Average peak-to-trough decline	-2.04%	-0.25%	-1.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.23%	0.07%	+3.16%

Volatility

EDGH vs. JAAA - Volatility Comparison

3EDGE Dynamic Hard Assets ETF (EDGH) has a higher volatility of 3.01% compared to Janus Henderson AAA CLO ETF (JAAA) at 0.13%. This indicates that EDGH'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.

Volatility by Period

	EDGH	JAAA	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.01%	0.13%	+2.88%
Volatility (6M) Calculated over the trailing 6-month period	14.72%	0.64%	+14.08%
Volatility (1Y) Calculated over the trailing 1-year period	17.72%	0.85%	+16.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.60%	1.68%	+13.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.60%	1.64%	+13.96%

EDGH vs. JAAA - Expense Ratio Comparison

EDGH has a 1.01% expense ratio, which is higher than JAAA's 0.21% expense ratio.

Dividends

EDGH vs. JAAA - Dividend Comparison

EDGH's dividend yield for the trailing twelve months is around 1.05%, less than JAAA's 5.00% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
EDGH 3EDGE Dynamic Hard Assets ETF	1.05%	1.18%	3.19%	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

Can I hold both EDGH and JAAA in my portfolio?

EDGH and JAAA have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EDGH or JAAA?

EDGH has higher volatility (3.01%) compared to JAAA (0.13%). In terms of maximum drawdown, EDGH dropped -10.60% vs JAAA's -2.64%.

Which ETF is better, EDGH or JAAA?

On 1-year performance, EDGH leads with 31.24% vs 5.06% for JAAA. On fees, JAAA is cheaper at 0.21% per year. On volatility, JAAA has been the lower-risk option at 0.13%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EDGH or JAAA?

Over the 1-year period, EDGH has performed better with a 31.24% return vs 5.06%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EDGH or JAAA?

JAAA is cheaper with a 0.21% expense ratio, compared with 1.01% for EDGH.

Which ETF pays a higher dividend yield, EDGH or JAAA?

JAAA has the higher dividend yield at 5.00%, compared with 1.05% for EDGH.

What is the main difference between EDGH and JAAA?

EDGH is categorized as Commodities, while JAAA is CLO. They also come from different issuers: 3EDGE Asset Management and Janus Henderson. Their fees differ too: 1.01% for EDGH and 0.21% for JAAA.

Which has better risk-adjusted returns?

JAAA currently has the higher Sharpe Ratio (5.98 vs 1.77), 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.