JCL0.DE vs. MAIN

Last updated Jun 5, 2026

JCL0.DE (Janus Henderson EUR AAA CLO Active Core UCITS ETF EUR Acc) is CLO fund actively managed by Janus Henderson, while MAIN (Main Street Capital Corporation) is a stock. Over the past year, JCL0.DE returned 3.17% vs -2.98% for MAIN. At a correlation of -0.04, they often move in opposite directions.

Performance

JCL0.DE vs. MAIN - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Janus Henderson EUR AAA CLO Active Core UCITS ETF EUR Acc (JCL0.DE) and Main Street Capital Corporation (MAIN). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

JCL0.DE is traded in EUR, while MAIN is traded in USD. To make them comparable, the MAIN values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, JCL0.DE achieves a 1.30% return, which is significantly higher than MAIN's -10.41% return.

JCL0.DE

• 1D: 0.09%
• 1M: 0.43%
• YTD: 1.30%
• 6M: 1.52%
• 1Y: 3.17%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MAIN

• 1D: 2.44%
• 1M: -8.28%
• YTD: -10.41%
• 6M: -9.75%
• 1Y: -2.98%
• 3Y*: 14.70%
• 5Y*: 14.10%
• 10Y*: 12.76%

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

JCL0.DE vs. MAIN - Yearly Performance Comparison

	2026 (YTD)	2025	2024
JCL0.DE Janus Henderson EUR AAA CLO Active Core UCITS ETF EUR Acc	1.30%	3.57%	0.07%
MAIN Main Street Capital Corporation	-10.41%	-2.40%	4.33%

Correlation

The correlation between JCL0.DE and MAIN is -0.05, 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	-0.05
Correlation (All Time) Calculated using the full available price history since Dec 24, 2024	-0.04

Return for Risk

JCL0.DE vs. MAIN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JCL0.DE

JCL0.DE Risk / Return Rank: 95
JCL0.DE Sharpe Ratio Rank: 92
JCL0.DE Sortino Ratio Rank: 96
JCL0.DE Omega Ratio Rank: 96
JCL0.DE Calmar Ratio Rank: 94
JCL0.DE Martin Ratio Rank: 96

MAIN

MAIN Risk / Return Rank: 37
MAIN Sharpe Ratio Rank: 40
MAIN Sortino Ratio Rank: 33
MAIN Omega Ratio Rank: 33
MAIN Calmar Ratio Rank: 39
MAIN Martin Ratio Rank: 39

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

JCL0.DE vs. MAIN - 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 Main Street Capital Corporation (MAIN). 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	MAIN	Difference
Sharpe ratio: Return per unit of total volatility	3.27	-0.12	+3.39
Sortino ratio: Return per unit of downside risk	5.59	0.01	+5.59
Omega ratio: Gain probability vs. loss probability	1.77	1.00	+0.77
Calmar ratio: Return relative to maximum drawdown	6.95	-0.14	+7.08
Martin ratio: Return relative to average drawdown	37.63	-0.28	+37.92
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JCL0.DE vs. MAIN - Sharpe Ratio Comparison

The current JCL0.DE Sharpe Ratio is 3.27, which is higher than the MAIN Sharpe Ratio of -0.12. The chart below compares the historical Sharpe Ratios of JCL0.DE and MAIN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	JCL0.DE	MAIN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.27	-0.12	+3.39
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.65	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.46	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.71	0.59	+2.11

Drawdowns

JCL0.DE vs. MAIN - Drawdown Comparison

The maximum JCL0.DE drawdown since its inception was -0.70%, smaller than the maximum MAIN drawdown of -64.14%. Use the drawdown chart below to compare losses from any high point for JCL0.DE and MAIN.

Drawdown Indicators

	JCL0.DE	MAIN	Difference
Max Drawdown Largest peak-to-trough decline	-0.70%	-64.14%	+63.44%
Max Drawdown (1Y) Largest decline over 1 year	-0.45%	-21.71%	+21.26%
Max Drawdown (3Y) Largest decline over 3 years	—	-24.81%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.81%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-64.14%	—
Current Drawdown Current decline from peak	0.00%	-18.96%	+18.96%
Average Drawdown Average peak-to-trough decline	-0.08%	-8.59%	+8.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.08%	10.50%	-10.42%

Volatility

JCL0.DE vs. MAIN - Volatility Comparison

The current volatility for Janus Henderson EUR AAA CLO Active Core UCITS ETF EUR Acc (JCL0.DE) is 0.29%, while Main Street Capital Corporation (MAIN) has a volatility of 8.64%. This indicates that JCL0.DE experiences smaller price fluctuations and is considered to be less risky than MAIN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JCL0.DE	MAIN	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.29%	8.64%	-8.35%
Volatility (6M) Calculated over the trailing 6-month period	0.79%	20.27%	-19.48%
Volatility (1Y) Calculated over the trailing 1-year period	0.97%	25.03%	-24.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.27%	21.84%	-20.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.27%	27.58%	-26.31%

Dividends

JCL0.DE vs. MAIN - Dividend Comparison

JCL0.DE has not paid dividends to shareholders, while MAIN's dividend yield for the trailing twelve months is around 8.23%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JCL0.DE Janus Henderson EUR AAA CLO Active Core UCITS ETF EUR Acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
MAIN Main Street Capital Corporation	8.23%	7.00%	7.02%	8.55%	7.97%	5.74%	6.99%	6.76%	8.43%	7.49%	7.42%	9.15%

Frequently Asked Questions

Can I hold both JCL0.DE and MAIN in my portfolio?

JCL0.DE and MAIN have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.