FAAA vs. JBBB
Compare and contrast key facts about Fidelity AAA CLO ETF (FAAA) and Janus Henderson B-BBB CLO ETF (JBBB).
FAAA and JBBB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FAAA is an actively managed fund by Fidelity. It was launched on Feb 10, 2026. JBBB is an actively managed fund by Janus Henderson. It was launched on Jan 11, 2022.
Performance
FAAA vs. JBBB - Performance Comparison
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FAAA vs. JBBB - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
FAAA Fidelity AAA CLO ETF | 0.31% |
JBBB Janus Henderson B-BBB CLO ETF | -1.44% |
Returns By Period
FAAA
- 1D
- 0.04%
- 1M
- 0.06%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JBBB
- 1D
- -0.05%
- 1M
- 0.25%
- YTD
- -0.81%
- 6M
- 0.58%
- 1Y
- 3.88%
- 3Y*
- 10.83%
- 5Y*
- —
- 10Y*
- —
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FAAA vs. JBBB - Expense Ratio Comparison
FAAA has a 0.20% expense ratio, which is lower than JBBB's 0.49% expense ratio.
Return for Risk
FAAA vs. JBBB — Risk / Return Rank
FAAA
JBBB
FAAA vs. JBBB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity AAA CLO ETF (FAAA) and Janus Henderson B-BBB CLO ETF (JBBB). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| FAAA | JBBB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 0.78 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.93 | 1.22 | +0.71 |
Correlation
The correlation between FAAA and JBBB is 0.18, 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.
Dividends
FAAA vs. JBBB - Dividend Comparison
FAAA's dividend yield for the trailing twelve months is around 0.62%, less than JBBB's 8.38% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FAAA Fidelity AAA CLO ETF | 0.62% | 0.00% | 0.00% | 0.00% | 0.00% |
JBBB Janus Henderson B-BBB CLO ETF | 8.38% | 8.41% | 9.24% | 8.71% | 5.71% |
Drawdowns
FAAA vs. JBBB - Drawdown Comparison
The maximum FAAA drawdown since its inception was -0.55%, smaller than the maximum JBBB drawdown of -10.57%. Use the drawdown chart below to compare losses from any high point for FAAA and JBBB.
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Drawdown Indicators
| FAAA | JBBB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.55% | -10.57% | +10.02% |
Max Drawdown (1Y)Largest decline over 1 year | — | -3.49% | — |
Current DrawdownCurrent decline from peak | 0.00% | -2.01% | +2.01% |
Average DrawdownAverage peak-to-trough decline | -0.17% | -1.62% | +1.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.85% | — |
Volatility
FAAA vs. JBBB - Volatility Comparison
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Volatility by Period
| FAAA | JBBB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.96% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 2.60% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 1.29% | 5.04% | -3.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.29% | 5.33% | -4.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.29% | 5.33% | -4.04% |