JCL0.DE vs. ARAW.DE
JCL0.DE (Janus Henderson EUR AAA CLO Active Core UCITS ETF EUR Acc) and ARAW.DE (abrdn Future Raw Materials UCITS ETF) are both exchange-traded funds - JCL0.DE is a CLO fund actively managed by Janus Henderson, while ARAW.DE is a Materials fund actively managed by abrdn. Both are actively managed. Over the past year, JCL0.DE returned 3.17% vs 137.40% for ARAW.DE. At a 0.03 correlation, their price movements are largely independent. JCL0.DE charges 0.25%/yr vs 0.45%/yr for ARAW.DE.
Performance
JCL0.DE vs. ARAW.DE - Performance Comparison
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Returns By Period
In the year-to-date period, JCL0.DE achieves a 1.30% return, which is significantly lower than ARAW.DE's 26.31% return.
JCL0.DE
- 1D
- 0.09%
- 1M
- 0.43%
- YTD
- 1.30%
- 6M
- 1.52%
- 1Y
- 3.17%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ARAW.DE
- 1D
- -2.07%
- 1M
- 2.74%
- YTD
- 26.31%
- 6M
- 36.73%
- 1Y
- 137.40%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JCL0.DE vs. ARAW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
JCL0.DE Janus Henderson EUR AAA CLO Active Core UCITS ETF EUR Acc | 1.30% | 2.30% |
ARAW.DE abrdn Future Raw Materials UCITS ETF | 26.31% | 94.76% |
Correlation
The correlation between JCL0.DE and ARAW.DE is 0.04, 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 | 0.04 |
Correlation (All Time) Calculated using the full available price history since May 14, 2025 | 0.03 |
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Return for Risk
JCL0.DE vs. ARAW.DE — Risk / Return Rank
JCL0.DE
ARAW.DE
JCL0.DE vs. ARAW.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Janus Henderson EUR AAA CLO Active Core UCITS ETF EUR Acc (JCL0.DE) and abrdn Future Raw Materials UCITS ETF (ARAW.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.
| JCL0.DE | ARAW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.10 | ||
| Sortino ratioReturn per unit of downside risk | +1.07 | ||
| Omega ratioGain probability vs. loss probability | 1.77 | 1.60 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 6.95 | 6.69 | +0.25 |
| Martin ratioReturn relative to average drawdown | 37.63 | 25.81 | +11.82 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| JCL0.DE | ARAW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.27 | 4.36 | -1.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.71 | 4.33 | -1.62 |
Drawdowns
JCL0.DE vs. ARAW.DE - Drawdown Comparison
The maximum JCL0.DE drawdown since its inception was -0.70%, smaller than the maximum ARAW.DE drawdown of -20.41%. Use the drawdown chart below to compare losses from any high point for JCL0.DE and ARAW.DE.
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Drawdown Indicators
| JCL0.DE | ARAW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.70% | -20.41% | +19.71% |
Max Drawdown (1Y)Largest decline over 1 year | -0.45% | -20.41% | +19.96% |
Current DrawdownCurrent decline from peak | 0.00% | -4.46% | +4.46% |
Average DrawdownAverage peak-to-trough decline | -0.08% | -3.15% | +3.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.08% | 5.30% | -5.22% |
Volatility
JCL0.DE vs. ARAW.DE - Volatility Comparison
The current volatility for Janus Henderson EUR AAA CLO Active Core UCITS ETF EUR Acc (JCL0.DE) is 0.29%, while abrdn Future Raw Materials UCITS ETF (ARAW.DE) has a volatility of 11.01%. This indicates that JCL0.DE experiences smaller price fluctuations and is considered to be less risky than ARAW.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JCL0.DE | ARAW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.29% | 11.01% | -10.72% |
Volatility (6M)Calculated over the trailing 6-month period | 0.79% | 25.93% | -25.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.97% | 31.38% | -30.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.27% | 30.66% | -29.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.27% | 30.66% | -29.39% |
JCL0.DE vs. ARAW.DE - Expense Ratio Comparison
JCL0.DE has a 0.25% expense ratio, which is lower than ARAW.DE's 0.45% expense ratio.
Dividends
JCL0.DE vs. ARAW.DE - Dividend Comparison
Neither JCL0.DE nor ARAW.DE has paid dividends to shareholders.
Frequently Asked Questions
JCL0.DE and ARAW.DE have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JCL0.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JCL0.DE is cheaper with a 0.25% expense ratio, compared with 0.45% for ARAW.DE.
JCL0.DE is categorized as CLO, while ARAW.DE is Materials. They also come from different issuers: Janus Henderson and abrdn. Their fees differ too: 0.25% for JCL0.DE and 0.45% for ARAW.DE.
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