JAAA vs. BOXX
Compare and contrast key facts about Janus Henderson AAA CLO ETF (JAAA) and Alpha Architect 1-3 Month Box ETF (BOXX).
JAAA and BOXX 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. BOXX is an actively managed fund by Alpha Architect. It was launched on Dec 27, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JAAA or BOXX.
Performance
JAAA vs. BOXX - Performance Comparison
Returns By Period
In the year-to-date period, JAAA achieves a 6.62% return, which is significantly higher than BOXX's 4.55% return.
JAAA
6.62%
0.62%
3.35%
7.85%
N/A
N/A
BOXX
4.55%
0.35%
2.51%
5.23%
N/A
N/A
Key characteristics
| JAAA | BOXX | |
|---|---|---|
| Sharpe Ratio | 10.16 | 13.77 |
| Sortino Ratio | 21.23 | 46.91 |
| Omega Ratio | 6.33 | 10.48 |
| Calmar Ratio | 24.05 | 137.89 |
| Martin Ratio | 233.35 | 732.85 |
| Ulcer Index | 0.03% | 0.01% |
| Daily Std Dev | 0.77% | 0.38% |
| Max Drawdown | -2.60% | -0.12% |
| Current Drawdown | -0.06% | 0.00% |
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JAAA vs. BOXX - Expense Ratio Comparison
JAAA has a 0.21% expense ratio, which is higher than BOXX's 0.20% 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 BOXX is 0.10, 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. BOXX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Janus Henderson AAA CLO ETF (JAAA) and Alpha Architect 1-3 Month Box ETF (BOXX). 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. BOXX - Dividend Comparison
JAAA's dividend yield for the trailing twelve months is around 6.39%, more than BOXX's 0.27% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
JAAA Janus Henderson AAA CLO ETF | 6.39% | 6.10% | 2.77% | 1.21% | 0.26% |
BOXX Alpha Architect 1-3 Month Box ETF | 0.27% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
JAAA vs. BOXX - Drawdown Comparison
The maximum JAAA drawdown since its inception was -2.60%, which is greater than BOXX's maximum drawdown of -0.12%. Use the drawdown chart below to compare losses from any high point for JAAA and BOXX. For additional features, visit the drawdowns tool.
Volatility
JAAA vs. BOXX - Volatility Comparison
Janus Henderson AAA CLO ETF (JAAA) has a higher volatility of 0.23% compared to Alpha Architect 1-3 Month Box ETF (BOXX) at 0.08%. This indicates that JAAA's price experiences larger fluctuations and is considered to be riskier than BOXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.