JAAA vs. MINT
JAAA (Janus Henderson AAA CLO ETF) and MINT (PIMCO Enhanced Short Maturity Active ETF) are both exchange-traded funds - JAAA is a CLO fund actively managed by Janus Henderson, while MINT is a Ultrashort Bond fund actively managed by PIMCO. Both are actively managed. Over the past 5 years, JAAA returned 4.76%/yr vs 3.49%/yr for MINT. At a 0.19 correlation, their price movements are largely independent. JAAA charges 0.20%/yr vs 0.36%/yr for MINT.
Performance
JAAA vs. MINT - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both stocks are quite close, with JAAA having a 1.99% return and MINT slightly lower at 1.94%.
JAAA
- 1D
- 0.02%
- 1M
- 0.33%
- YTD
- 1.99%
- 6M
- 2.49%
- 1Y
- 5.01%
- 3Y*
- 6.67%
- 5Y*
- 4.76%
- 10Y*
- —
MINT
- 1D
- 0.04%
- 1M
- 0.35%
- YTD
- 1.94%
- 6M
- 2.19%
- 1Y
- 4.67%
- 3Y*
- 5.40%
- 5Y*
- 3.49%
- 10Y*
- 2.72%
JAAA vs. MINT - 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% |
MINT PIMCO Enhanced Short Maturity Active ETF | 1.94% | 4.74% | 5.94% | 6.26% | -1.01% | -0.03% | 0.20% |
Correlation
The correlation between JAAA and MINT is 0.06, 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 | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2020 | 0.19 |
The correlation between JAAA and MINT shifts across timeframes, from 0.06 (1 year) to 0.21 (5 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
JAAA vs. MINT — Risk / Return Rank
JAAA
MINT
JAAA vs. MINT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Janus Henderson AAA CLO ETF (JAAA) and PIMCO Enhanced Short Maturity Active ETF (MINT). 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 | MINT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -11.48 | ||
| Sortino ratioReturn per unit of downside risk | -56.88 | ||
| Omega ratioGain probability vs. loss probability | 2.72 | 21.62 | -18.90 |
| Calmar ratioReturn relative to maximum drawdown | 12.91 | 95.35 | -82.43 |
| Martin ratioReturn relative to average drawdown | 69.57 | 965.15 | -895.58 |
Loading charts...
Drawdowns
JAAA vs. MINT - Drawdown Comparison
The maximum JAAA drawdown since its inception was -2.64%, smaller than the maximum MINT drawdown of -4.62%. Use the drawdown chart below to compare losses from any high point for JAAA and MINT.
Loading charts...
Drawdown Indicators
| JAAA | MINT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.64% | -4.62% | +1.98% |
Max Drawdown (1Y)Largest decline over 1 year | -0.39% | -0.05% | -0.34% |
Max Drawdown (3Y)Largest decline over 3 years | -1.46% | -0.16% | -1.30% |
Max Drawdown (5Y)Largest decline over 5 years | -2.64% | -2.42% | -0.22% |
Max Drawdown (10Y)Largest decline over 10 years | — | -4.62% | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -0.25% | -0.17% | -0.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.07% | 0.00% | +0.07% |
Volatility
JAAA vs. MINT - Volatility Comparison
Janus Henderson AAA CLO ETF (JAAA) has a higher volatility of 0.12% compared to PIMCO Enhanced Short Maturity Active ETF (MINT) at 0.09%. This indicates that JAAA's price experiences larger fluctuations and is considered to be riskier than MINT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| JAAA | MINT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.12% | 0.09% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 0.63% | 0.20% | +0.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.83% | 0.27% | +0.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.67% | 0.58% | +1.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.64% | 0.95% | +0.69% |
JAAA vs. MINT - Expense Ratio Comparison
JAAA has a 0.20% expense ratio, which is lower than MINT's 0.36% expense ratio.
Dividends
JAAA vs. MINT - Dividend Comparison
JAAA's dividend yield for the trailing twelve months is around 4.99%, more than MINT's 4.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
MINT PIMCO Enhanced Short Maturity Active ETF | 4.28% | 4.63% | 5.22% | 4.91% | 1.90% | 0.44% | 1.15% | 2.65% | 2.32% | 1.61% | 1.35% | 0.88% |
Frequently Asked Questions
JAAA and MINT have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JAAA has higher volatility (0.12%) compared to MINT (0.09%). In terms of maximum drawdown, JAAA dropped -2.64% vs MINT's -4.62%.
On 5-year performance, JAAA leads with 4.76% vs 3.49% for MINT. On fees, JAAA is cheaper at 0.20% per year. Their volatility is very similar. 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 3.49%. 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 0.36% for MINT.
JAAA has the higher dividend yield at 4.99%, compared with 4.28% for MINT.
JAAA is categorized as CLO, while MINT is Ultrashort Bond. They also come from different issuers: Janus Henderson and PIMCO. Their fees differ too: 0.20% for JAAA and 0.36% for MINT.
MINT currently has the higher Sharpe Ratio (17.51 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.
Find the right allocation for JAAA and MINT
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer