JAAA vs. TFLO
Compare and contrast key facts about Janus Henderson AAA CLO ETF (JAAA) and iShares Treasury Floating Rate Bond ETF (TFLO).
JAAA and TFLO 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. TFLO is a passively managed fund by iShares that tracks the performance of the Barclays U.S. Treasury Floating Rate Index. It was launched on Feb 3, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JAAA or TFLO.
Performance
JAAA vs. TFLO - Performance Comparison
Returns By Period
In the year-to-date period, JAAA achieves a 6.62% return, which is significantly higher than TFLO's 4.75% return.
JAAA
6.62%
0.62%
3.35%
7.85%
N/A
N/A
TFLO
4.75%
0.45%
2.48%
5.31%
2.48%
1.86%
Key characteristics
| JAAA | TFLO | |
|---|---|---|
| Sharpe Ratio | 10.16 | 16.40 |
| Sortino Ratio | 21.23 | 66.99 |
| Omega Ratio | 6.33 | 17.83 |
| Calmar Ratio | 24.05 | 207.33 |
| Martin Ratio | 233.35 | 1,020.06 |
| Ulcer Index | 0.03% | 0.01% |
| Daily Std Dev | 0.77% | 0.32% |
| Max Drawdown | -2.60% | -5.01% |
| Current Drawdown | -0.06% | 0.00% |
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JAAA vs. TFLO - Expense Ratio Comparison
JAAA has a 0.21% expense ratio, which is higher than TFLO'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 TFLO is 0.16, 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. TFLO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Janus Henderson AAA CLO ETF (JAAA) and iShares Treasury Floating Rate Bond ETF (TFLO). 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. TFLO - Dividend Comparison
JAAA's dividend yield for the trailing twelve months is around 6.39%, more than TFLO's 5.34% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
TFLO iShares Treasury Floating Rate Bond ETF | 5.34% | 4.89% | 1.67% | 0.00% | 0.36% | 2.08% | 1.65% | 0.86% | 0.30% | 0.15% | 0.08% |
Drawdowns
JAAA vs. TFLO - Drawdown Comparison
The maximum JAAA drawdown since its inception was -2.60%, smaller than the maximum TFLO drawdown of -5.01%. Use the drawdown chart below to compare losses from any high point for JAAA and TFLO. For additional features, visit the drawdowns tool.
Volatility
JAAA vs. TFLO - Volatility Comparison
Janus Henderson AAA CLO ETF (JAAA) has a higher volatility of 0.23% compared to iShares Treasury Floating Rate Bond ETF (TFLO) at 0.07%. This indicates that JAAA's price experiences larger fluctuations and is considered to be riskier than TFLO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.