JAAA vs. AGZD
JAAA (Janus Henderson AAA CLO ETF) and AGZD (WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund) are both exchange-traded funds - JAAA is a CLO fund actively managed by Janus Henderson, while AGZD is a Nontraditional Bonds fund tracking the Bloomberg Rate Hedged U.S. Aggregate Bond Index, Zero Duration. JAAA is actively managed, while AGZD is passively managed. Over the past 5 years, JAAA returned 4.80%/yr vs 4.39%/yr for AGZD. At a 0.04 correlation, their price movements are largely independent. JAAA charges 0.20%/yr vs 0.23%/yr for AGZD.
Performance
JAAA vs. AGZD - Performance Comparison
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Returns By Period
In the year-to-date period, JAAA achieves a 1.95% return, which is significantly lower than AGZD's 2.47% return.
JAAA
- 1D
- 0.02%
- 1M
- 0.35%
- YTD
- 1.95%
- 6M
- 2.57%
- 1Y
- 5.12%
- 3Y*
- 6.67%
- 5Y*
- 4.80%
- 10Y*
- —
AGZD
- 1D
- -0.38%
- 1M
- 0.49%
- YTD
- 2.47%
- 6M
- 2.73%
- 1Y
- 5.70%
- 3Y*
- 6.10%
- 5Y*
- 4.39%
- 10Y*
- 3.19%
JAAA vs. AGZD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
JAAA Janus Henderson AAA CLO ETF | 1.95% | 5.16% | 7.43% | 8.59% | 0.49% | 1.39% | 0.79% |
AGZD WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund | 2.47% | 4.35% | 6.64% | 7.15% | 1.17% | 0.69% | 0.83% |
Correlation
The correlation between JAAA and AGZD 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 (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Oct 20, 2020 | 0.04 |
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Return for Risk
JAAA vs. AGZD — Risk / Return Rank
JAAA
AGZD
JAAA vs. AGZD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Janus Henderson AAA CLO ETF (JAAA) and WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund (AGZD). 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.
| JAAA | AGZD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.20 | ||
| Sortino ratioReturn per unit of downside risk | +7.41 | ||
| Omega ratioGain probability vs. loss probability | 2.77 | 1.39 | +1.38 |
| Calmar ratioReturn relative to maximum drawdown | 13.24 | 6.60 | +6.63 |
| Martin ratioReturn relative to average drawdown | 71.21 | 20.71 | +50.51 |
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
| JAAA | AGZD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 6.15 | 1.94 | +4.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.88 | 1.23 | +1.65 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.86 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.78 | 0.65 | +2.13 |
Drawdowns
JAAA vs. AGZD - Drawdown Comparison
The maximum JAAA drawdown since its inception was -2.64%, smaller than the maximum AGZD drawdown of -8.46%. Use the drawdown chart below to compare losses from any high point for JAAA and AGZD.
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Drawdown Indicators
| JAAA | AGZD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.64% | -8.46% | +5.82% |
Max Drawdown (1Y)Largest decline over 1 year | -0.39% | -0.87% | +0.48% |
Max Drawdown (3Y)Largest decline over 3 years | -1.46% | -1.71% | +0.25% |
Max Drawdown (5Y)Largest decline over 5 years | -2.64% | -2.23% | -0.41% |
Max Drawdown (10Y)Largest decline over 10 years | — | -8.46% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.38% | +0.38% |
Average DrawdownAverage peak-to-trough decline | -0.25% | -0.77% | +0.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.07% | 0.28% | -0.21% |
Volatility
JAAA vs. AGZD - Volatility Comparison
The current volatility for Janus Henderson AAA CLO ETF (JAAA) is 0.13%, while WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund (AGZD) has a volatility of 1.18%. This indicates that JAAA experiences smaller price fluctuations and is considered to be less risky than AGZD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JAAA | AGZD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.13% | 1.18% | -1.05% |
Volatility (6M)Calculated over the trailing 6-month period | 0.64% | 2.05% | -1.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.84% | 2.95% | -2.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.68% | 3.60% | -1.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.64% | 3.72% | -2.08% |
JAAA vs. AGZD - Expense Ratio Comparison
JAAA has a 0.20% expense ratio, which is lower than AGZD's 0.23% 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
JAAA vs. AGZD - Dividend Comparison
JAAA's dividend yield for the trailing twelve months is around 4.99%, more than AGZD's 3.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGZD WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund | 3.98% | 4.12% | 3.96% | 6.07% | 8.61% | 1.66% | 2.28% | 2.83% | 2.62% | 2.31% | 1.81% | 1.66% |
JAAA Janus Henderson AAA CLO ETF | 4.99% | 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
JAAA and AGZD 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.
AGZD has higher volatility (1.18%) compared to JAAA (0.13%). In terms of maximum drawdown, JAAA dropped -2.64% vs AGZD's -8.46%.
On 5-year performance, JAAA leads with 4.80% vs 4.39% for AGZD. On fees, JAAA is cheaper at 0.20% 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.
Over the 5-year period, JAAA has performed better with a 4.80% return vs 4.39%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
JAAA is cheaper with a 0.20% expense ratio, compared with 0.23% for AGZD.
JAAA has the higher dividend yield at 4.99%, compared with 3.98% for AGZD.
JAAA is categorized as CLO, while AGZD is Nontraditional Bonds. They also come from different issuers: Janus Henderson and WisdomTree. Their fees differ too: 0.20% for JAAA and 0.23% for AGZD.
JAAA currently has the higher Sharpe Ratio (6.15 vs 1.94), 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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