JAAA vs. FLTR
JAAA (Janus Henderson AAA CLO ETF) and FLTR (VanEck Vectors Investment Grade Floating Rate ETF) are both exchange-traded funds - JAAA is a CLO fund actively managed by Janus Henderson, while FLTR is a Corporate Bonds fund tracking the MVIS US Investment Grade Floating Rate Index. JAAA is actively managed, while FLTR is passively managed. Over the past 5 years, JAAA returned 4.76%/yr vs 4.50%/yr for FLTR. At a 0.11 correlation, their price movements are largely independent. JAAA charges 0.20%/yr vs 0.14%/yr for FLTR.
Performance
JAAA vs. FLTR - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with JAAA having a 1.99% return and FLTR slightly higher at 2.03%.
JAAA
- 1D
- 0.02%
- 1M
- 0.31%
- YTD
- 1.99%
- 6M
- 2.49%
- 1Y
- 5.01%
- 3Y*
- 6.67%
- 5Y*
- 4.76%
- 10Y*
- —
FLTR
- 1D
- -0.04%
- 1M
- 0.46%
- YTD
- 2.03%
- 6M
- 2.40%
- 1Y
- 5.30%
- 3Y*
- 6.10%
- 5Y*
- 4.50%
- 10Y*
- 3.51%
JAAA vs. FLTR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
JAAA Janus Henderson AAA CLO ETF | 1.99% | 5.16% | 7.43% | 8.59% | 0.49% | 1.39% | 0.76% |
FLTR VanEck Vectors Investment Grade Floating Rate ETF | 2.03% | 5.22% | 7.38% | 7.41% | 0.74% | 0.55% | 0.46% |
Correlation
The correlation between JAAA and FLTR is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2020 | 0.11 |
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Return for Risk
JAAA vs. FLTR — Risk / Return Rank
JAAA
FLTR
JAAA vs. FLTR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Janus Henderson AAA CLO ETF (JAAA) and VanEck Vectors Investment Grade Floating Rate ETF (FLTR). 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.
| JAAA | FLTR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.72 | ||
| Sortino ratioReturn per unit of downside risk | -2.62 | ||
| Omega ratioGain probability vs. loss probability | 2.72 | 3.13 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | 12.91 | 16.83 | -3.91 |
| Martin ratioReturn relative to average drawdown | 69.57 | 100.54 | -30.96 |
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Drawdowns
JAAA vs. FLTR - Drawdown Comparison
The maximum JAAA drawdown since its inception was -2.64%, smaller than the maximum FLTR drawdown of -17.84%. Use the drawdown chart below to compare losses from any high point for JAAA and FLTR.
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Drawdown Indicators
| JAAA | FLTR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.64% | -17.84% | +15.20% |
Max Drawdown (1Y)Largest decline over 1 year | -0.39% | -0.31% | -0.08% |
Max Drawdown (3Y)Largest decline over 3 years | -1.46% | -1.93% | +0.47% |
Max Drawdown (5Y)Largest decline over 5 years | -2.64% | -3.06% | +0.42% |
Max Drawdown (10Y)Largest decline over 10 years | — | -17.84% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.04% | +0.04% |
Average DrawdownAverage peak-to-trough decline | -0.25% | -0.67% | +0.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.07% | 0.05% | +0.02% |
Volatility
JAAA vs. FLTR - Volatility Comparison
The current volatility for Janus Henderson AAA CLO ETF (JAAA) is 0.12%, while VanEck Vectors Investment Grade Floating Rate ETF (FLTR) has a volatility of 0.26%. This indicates that JAAA experiences smaller price fluctuations and is considered to be less risky than FLTR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JAAA | FLTR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.12% | 0.26% | -0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 0.63% | 0.63% | 0.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.83% | 0.78% | +0.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.67% | 2.13% | -0.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.64% | 5.00% | -3.36% |
JAAA vs. FLTR - Expense Ratio Comparison
JAAA has a 0.20% expense ratio, which is higher than FLTR'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%.
Dividends
JAAA vs. FLTR - Dividend Comparison
JAAA's dividend yield for the trailing twelve months is around 4.99%, more than FLTR's 4.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLTR VanEck Vectors Investment Grade Floating Rate ETF | 4.72% | 4.97% | 5.93% | 6.07% | 2.29% | 0.63% | 1.49% | 3.05% | 2.67% | 1.69% | 1.16% | 0.71% |
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 FLTR have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FLTR has higher volatility (0.26%) compared to JAAA (0.12%). In terms of maximum drawdown, JAAA dropped -2.64% vs FLTR's -17.84%.
On 5-year performance, JAAA leads with 4.76% vs 4.50% for FLTR. On fees, FLTR is cheaper at 0.14% per year. On volatility, JAAA has been the lower-risk option at 0.12%. 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 4.76% return vs 4.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FLTR is cheaper with a 0.14% expense ratio, compared with 0.20% for JAAA.
JAAA has the higher dividend yield at 4.99%, compared with 4.72% for FLTR.
JAAA is categorized as CLO, while FLTR is Corporate Bonds. They also come from different issuers: Janus Henderson and VanEck. Their fees differ too: 0.20% for JAAA and 0.14% for FLTR.
FLTR currently has the higher Sharpe Ratio (6.75 vs 6.03), 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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