JAAA vs. BIL
Compare and contrast key facts about Janus Henderson AAA CLO ETF (JAAA) and SPDR Barclays 1-3 Month T-Bill ETF (BIL).
JAAA and BIL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JAAA is an actively managed fund by Janus Henderson. It was launched on Oct 16, 2020. BIL is a passively managed fund by State Street that tracks the performance of the Barclays Capital U.S. 1-3 Month Treasury Bill Index. It was launched on May 25, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JAAA or BIL.
Performance
JAAA vs. BIL - Performance Comparison
Returns By Period
In the year-to-date period, JAAA achieves a 6.62% return, which is significantly higher than BIL's 4.67% return.
JAAA
6.62%
0.62%
3.35%
7.85%
N/A
N/A
BIL
4.67%
0.38%
2.49%
5.22%
2.28%
1.56%
Key characteristics
| JAAA | BIL | |
|---|---|---|
| Sharpe Ratio | 10.16 | 20.32 |
| Sortino Ratio | 21.23 | 271.85 |
| Omega Ratio | 6.33 | 157.95 |
| Calmar Ratio | 24.05 | 480.75 |
| Martin Ratio | 233.35 | 4,427.45 |
| Ulcer Index | 0.03% | 0.00% |
| Daily Std Dev | 0.77% | 0.26% |
| Max Drawdown | -2.60% | -0.77% |
| Current Drawdown | -0.06% | 0.00% |
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JAAA vs. BIL - Expense Ratio Comparison
JAAA has a 0.21% expense ratio, which is higher than BIL's 0.14% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between JAAA and BIL 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.
Risk-Adjusted Performance
JAAA vs. BIL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Janus Henderson AAA CLO ETF (JAAA) and SPDR Barclays 1-3 Month T-Bill ETF (BIL). 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.
Dividends
JAAA vs. BIL - Dividend Comparison
JAAA's dividend yield for the trailing twelve months is around 6.39%, more than BIL's 5.15% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
JAAA Janus Henderson AAA CLO ETF | 6.39% | 6.10% | 2.77% | 1.21% | 0.26% | 0.00% | 0.00% | 0.00% | 0.00% |
BIL SPDR Barclays 1-3 Month T-Bill ETF | 5.15% | 4.92% | 1.35% | 0.00% | 0.30% | 2.05% | 1.66% | 0.68% | 0.07% |
Drawdowns
JAAA vs. BIL - Drawdown Comparison
The maximum JAAA drawdown since its inception was -2.60%, which is greater than BIL's maximum drawdown of -0.77%. Use the drawdown chart below to compare losses from any high point for JAAA and BIL. For additional features, visit the drawdowns tool.
Volatility
JAAA vs. BIL - Volatility Comparison
Janus Henderson AAA CLO ETF (JAAA) has a higher volatility of 0.23% compared to SPDR Barclays 1-3 Month T-Bill ETF (BIL) at 0.07%. This indicates that JAAA's price experiences larger fluctuations and is considered to be riskier than BIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.