JAAE.DE vs. EUCL.DE

Last updated Apr 2, 2026

Compare and contrast key facts about Janus Henderson USD AAA CLO Active Core UCITS ETF EUR-Hedged Acc (JAAE.DE) and iShares € AAA CLO Active UCITS ETF EUR Acc (EUCL.DE).

JAAE.DE and EUCL.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JAAE.DE is an actively managed fund by Janus Henderson. It was launched on Apr 22, 2025. EUCL.DE is an actively managed fund by iShares. It was launched on Jul 18, 2025.

Performance

JAAE.DE vs. EUCL.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Janus Henderson USD AAA CLO Active Core UCITS ETF EUR-Hedged Acc (JAAE.DE) and iShares € AAA CLO Active UCITS ETF EUR Acc (EUCL.DE). The values are adjusted to include any dividend payments, if applicable.

JAAE.DE vs. EUCL.DE - Yearly Performance Comparison

	2026 (YTD)	2025
JAAE.DE Janus Henderson USD AAA CLO Active Core UCITS ETF EUR-Hedged Acc	0.40%	1.23%
EUCL.DE iShares € AAA CLO Active UCITS ETF EUR Acc	0.47%	1.49%

Returns By Period

In the year-to-date period, JAAE.DE achieves a 0.40% return, which is significantly lower than EUCL.DE's 0.47% return.

JAAE.DE

• 1D: 0.21%
• 1M: 0.08%
• YTD: 0.40%
• 6M: 1.00%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

EUCL.DE

• 1D: 0.05%
• 1M: -0.04%
• YTD: 0.47%
• 6M: 1.25%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

JAAE.DE vs. EUCL.DE - Expense Ratio Comparison

Both JAAE.DE and EUCL.DE have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

JAAE.DE

Janus Henderson USD AAA CLO Active Core UCITS ETF EUR-Hedged Acc

EUCL.DE

iShares € AAA CLO Active UCITS ETF EUR Acc

Return for Risk

JAAE.DE vs. EUCL.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Janus Henderson USD AAA CLO Active Core UCITS ETF EUR-Hedged Acc (JAAE.DE) and iShares € AAA CLO Active UCITS ETF EUR Acc (EUCL.DE). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	JAAE.DE	EUCL.DE	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	3.66	3.58	+0.08

Correlation

The correlation between JAAE.DE and EUCL.DE is 0.02, 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.

Dividends

JAAE.DE vs. EUCL.DE - Dividend Comparison

Neither JAAE.DE nor EUCL.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

JAAE.DE vs. EUCL.DE - Drawdown Comparison

The maximum JAAE.DE drawdown since its inception was -0.40%, which is greater than EUCL.DE's maximum drawdown of -0.30%. Use the drawdown chart below to compare losses from any high point for JAAE.DE and EUCL.DE.

Drawdown Indicators

	JAAE.DE	EUCL.DE	Difference
Max Drawdown Largest peak-to-trough decline	-0.40%	-0.30%	-0.10%
Current Drawdown Current decline from peak	-0.18%	-0.21%	+0.03%
Average Drawdown Average peak-to-trough decline	-0.04%	-0.05%	+0.01%

Volatility

Volatility by Period

	JAAE.DE	EUCL.DE	Difference
Volatility (1Y) Calculated over the trailing 1-year period	0.87%	0.80%	+0.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.87%	0.80%	+0.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.87%	0.80%	+0.07%