JAAA vs. CLOZ
Compare and contrast key facts about Janus Henderson AAA CLO ETF (JAAA) and Panagram Bbb-B Clo ETF (CLOZ).
JAAA and CLOZ 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. CLOZ is an actively managed fund by Panagram. It was launched on Jan 23, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JAAA or CLOZ.
Correlation
The correlation between JAAA and CLOZ is 0.27, 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.
Performance
JAAA vs. CLOZ - Performance Comparison
Key characteristics
JAAA:
10.45
CLOZ:
6.41
JAAA:
22.14
CLOZ:
9.12
JAAA:
6.10
CLOZ:
3.36
JAAA:
22.59
CLOZ:
8.61
JAAA:
212.19
CLOZ:
54.23
JAAA:
0.03%
CLOZ:
0.22%
JAAA:
0.71%
CLOZ:
1.86%
JAAA:
-2.60%
CLOZ:
-2.70%
JAAA:
0.00%
CLOZ:
0.00%
Returns By Period
In the year-to-date period, JAAA achieves a 7.26% return, which is significantly lower than CLOZ's 11.64% return.
JAAA
7.26%
0.40%
3.35%
7.39%
N/A
N/A
CLOZ
11.64%
0.84%
5.13%
11.94%
N/A
N/A
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JAAA vs. CLOZ - Expense Ratio Comparison
JAAA has a 0.21% expense ratio, which is lower than CLOZ's 0.50% expense ratio.
Risk-Adjusted Performance
JAAA vs. CLOZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Janus Henderson AAA CLO ETF (JAAA) and Panagram Bbb-B Clo ETF (CLOZ). 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. CLOZ - Dividend Comparison
JAAA's dividend yield for the trailing twelve months is around 6.36%, less than CLOZ's 8.75% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
JAAA Janus Henderson AAA CLO ETF | 6.36% | 6.10% | 2.77% | 1.21% | 0.26% |
CLOZ Panagram Bbb-B Clo ETF | 8.75% | 8.81% | 0.00% | 0.00% | 0.00% |
Drawdowns
JAAA vs. CLOZ - Drawdown Comparison
The maximum JAAA drawdown since its inception was -2.60%, roughly equal to the maximum CLOZ drawdown of -2.70%. Use the drawdown chart below to compare losses from any high point for JAAA and CLOZ. For additional features, visit the drawdowns tool.
Volatility
JAAA vs. CLOZ - Volatility Comparison
Janus Henderson AAA CLO ETF (JAAA) has a higher volatility of 0.27% compared to Panagram Bbb-B Clo ETF (CLOZ) at 0.21%. This indicates that JAAA's price experiences larger fluctuations and is considered to be riskier than CLOZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.