JAAA vs. SHY
Compare and contrast key facts about Janus Henderson AAA CLO ETF (JAAA) and iShares 1-3 Year Treasury Bond ETF (SHY).
JAAA and SHY 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. SHY is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. 1-3 Year Treasury Bond Index. It was launched on Jul 22, 2002.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JAAA or SHY.
Performance
JAAA vs. SHY - Performance Comparison
Returns By Period
In the year-to-date period, JAAA achieves a 6.62% return, which is significantly higher than SHY's 3.30% return.
JAAA
6.62%
0.62%
3.35%
7.85%
N/A
N/A
SHY
3.30%
-0.18%
2.85%
4.84%
1.18%
1.18%
Key characteristics
| JAAA | SHY | |
|---|---|---|
| Sharpe Ratio | 10.16 | 2.62 |
| Sortino Ratio | 21.23 | 4.17 |
| Omega Ratio | 6.33 | 1.54 |
| Calmar Ratio | 24.05 | 2.26 |
| Martin Ratio | 233.35 | 12.96 |
| Ulcer Index | 0.03% | 0.38% |
| Daily Std Dev | 0.77% | 1.87% |
| Max Drawdown | -2.60% | -5.71% |
| Current Drawdown | -0.06% | -0.84% |
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JAAA vs. SHY - Expense Ratio Comparison
JAAA has a 0.21% expense ratio, which is higher than SHY's 0.15% 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 SHY is 0.07, 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. SHY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Janus Henderson AAA CLO ETF (JAAA) and iShares 1-3 Year Treasury Bond ETF (SHY). 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. SHY - Dividend Comparison
JAAA's dividend yield for the trailing twelve months is around 6.39%, more than SHY's 3.86% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JAAA Janus Henderson AAA CLO ETF | 6.39% | 6.10% | 2.77% | 1.21% | 0.26% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SHY iShares 1-3 Year Treasury Bond ETF | 3.86% | 2.99% | 1.30% | 0.26% | 0.94% | 2.12% | 1.72% | 0.98% | 0.72% | 0.54% | 0.36% | 0.26% |
Drawdowns
JAAA vs. SHY - Drawdown Comparison
The maximum JAAA drawdown since its inception was -2.60%, smaller than the maximum SHY drawdown of -5.71%. Use the drawdown chart below to compare losses from any high point for JAAA and SHY. For additional features, visit the drawdowns tool.
Volatility
JAAA vs. SHY - Volatility Comparison
The current volatility for Janus Henderson AAA CLO ETF (JAAA) is 0.23%, while iShares 1-3 Year Treasury Bond ETF (SHY) has a volatility of 0.40%. This indicates that JAAA experiences smaller price fluctuations and is considered to be less risky than SHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.