IGD vs. JAAA
IGD (Voya Global Equity Dividend and Premium Opportunity Fund) and JAAA (Janus Henderson AAA CLO ETF) are both funds - IGD is a Global Equity Income fund managed by Voya, while JAAA is a CLO fund actively managed by Janus Henderson. Over the past 5 years, IGD returned 12.41%/yr vs 4.88%/yr for JAAA. Their 0.12 correlation means their historical movements had little consistent relationship. IGD charges 0.01%/yr vs 0.20%/yr for JAAA.
Performance
IGD vs. JAAA - Performance Comparison
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Returns By Period
In the year-to-date period, IGD achieves a 20.40% return, which is significantly higher than JAAA's 2.60% return.
IGD
- 1D
- 1.08%
- 1M
- 6.33%
- 6M
- 18.95%
- YTD
- 20.40%
- 1Y
- 27.21%
- 3Y*
- 20.70%
- 5Y*
- 12.41%
- 10Y*
- 9.57%
- ALL TIME*
- 5.71%
JAAA
- 1D
- 0.06%
- 1M
- 0.30%
- 6M
- 2.05%
- YTD
- 2.60%
- 1Y
- 4.89%
- 3Y*
- 6.20%
- 5Y*
- 4.88%
- 10Y*
- —
- ALL TIME*
- 4.53%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.52M | $1.72M | $1.88M | |
| $257.93M | $255.22M | $259.12M |
IGD vs. JAAA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IGD Voya Global Equity Dividend and Premium Opportunity Fund | 20.40% | 18.22% | 22.44% | 1.00% | -5.01% | 29.11% | 8.45% |
JAAA Janus Henderson AAA CLO ETF | 2.60% | 5.16% | 7.43% | 8.59% | 0.49% | 1.39% | 0.76% |
Correlation
The correlation between IGD and JAAA is 0.23, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.23 |
Correlation (3Y) Balances recent behavior with more history. | 0.18 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.13 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2020 | 0.12 |
The correlation between IGD and JAAA shifts across timeframes, from 0.12 (all time) to 0.23 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IGD vs. JAAA — Risk / Return Rank
IGD
JAAA
IGD vs. JAAA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Voya Global Equity Dividend and Premium Opportunity Fund (IGD) 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.
| IGD | JAAA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.96 | ||
| Sortino ratioReturn per unit of downside risk | -7.17 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 2.84 | -1.46 |
| Calmar ratioReturn relative to maximum drawdown | 4.34 | 12.63 | -8.29 |
| Martin ratioReturn relative to average drawdown | 14.70 | 68.67 | -53.97 |
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Drawdowns
IGD vs. JAAA - Drawdown Comparison
The maximum IGD drawdown since its inception was -59.29%, which is greater than JAAA's maximum drawdown of -2.64%. Use the drawdown chart below to compare losses from any high point for IGD and JAAA.
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Drawdown Indicators
| IGD | JAAA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.29% | -2.64% | -56.65% |
Max Drawdown (1Y)Largest decline over 1 year | -6.20% | -0.39% | -5.81% |
Max Drawdown (3Y)Largest decline over 3 years | -11.01% | -1.46% | -9.55% |
Max Drawdown (5Y)Largest decline over 5 years | -15.81% | -2.64% | -13.17% |
Max Drawdown (10Y)Largest decline over 10 years | -41.03% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -9.82% | -0.24% | -9.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.83% | 0.07% | +1.76% |
Volatility
IGD vs. JAAA - Volatility Comparison
Voya Global Equity Dividend and Premium Opportunity Fund (IGD) has a higher volatility of 3.31% compared to Janus Henderson AAA CLO ETF (JAAA) at 0.16%. This indicates that IGD'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
| IGD | JAAA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.31% | 0.16% | +3.15% |
Volatility (6M)Calculated over the trailing 6-month period | 9.87% | 0.62% | +9.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.07% | 0.79% | +11.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.59% | 1.66% | +12.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.49% | 1.62% | +14.87% |
IGD vs. JAAA - Expense Ratio Comparison
IGD has a 0.02% expense ratio, which is lower than JAAA's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IGD vs. JAAA - Dividend Comparison
IGD's dividend yield for the trailing twelve months is around 9.92%, more than JAAA's 5.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGD Voya Global Equity Dividend and Premium Opportunity Fund | 9.16% | 11.36% | 11.44% | 9.66% | 8.87% | 7.73% | 9.20% | 10.47% | 12.49% | 9.45% | 13.23% | 13.03% |
JAAA Janus Henderson AAA CLO ETF | 4.93% | 5.30% | 6.35% | 6.11% | 2.74% | 1.21% | 0.26% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IGD and JAAA have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IGD has higher volatility (3.31%) compared to JAAA (0.16%). In terms of maximum drawdown, IGD dropped -59.29% vs JAAA's -2.64%.
JAAA currently has the higher Sharpe Ratio (6.19 vs 2.23), 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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