MP vs. JAAA

Last updated Jun 4, 2026

MP (MP Materials Corp.) is a stock, while JAAA (Janus Henderson AAA CLO ETF) is CLO fund actively managed by Janus Henderson. Over the past 5 years, MP returned 16.72%/yr vs 4.79%/yr for JAAA. At a 0.04 correlation, their price movements are largely independent.

Performance

MP vs. JAAA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MP Materials Corp. (MP) and Janus Henderson AAA CLO ETF (JAAA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MP achieves a 35.69% return, which is significantly higher than JAAA's 1.87% return.

MP

• 1D: -5.11%
• 1M: 3.55%
• YTD: 35.69%
• 6M: 16.76%
• 1Y: 211.59%
• 3Y*: 45.90%
• 5Y*: 16.72%
• 10Y*: —

JAAA

• 1D: -0.02%
• 1M: 0.39%
• YTD: 1.87%
• 6M: 2.45%
• 1Y: 5.06%
• 3Y*: 6.71%
• 5Y*: 4.79%
• 10Y*: —

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

MP vs. JAAA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
MP MP Materials Corp.	35.69%	223.85%	-21.41%	-18.25%	-46.54%	41.19%	129.62%
JAAA Janus Henderson AAA CLO ETF	1.87%	5.16%	7.43%	8.59%	0.49%	1.39%	0.79%

Correlation

The correlation between MP and JAAA 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 (3Y) Calculated over the trailing 3-year period	0.03
Correlation (5Y) Calculated over the trailing 5-year period	0.03
Correlation (All Time) Calculated using the full available price history since Oct 20, 2020	0.04

Return for Risk

MP vs. JAAA — Risk / Return Rank

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

MP

MP Risk / Return Rank: 86
MP Sharpe Ratio Rank: 90
MP Sortino Ratio Rank: 89
MP Omega Ratio Rank: 85
MP Calmar Ratio Rank: 87
MP Martin Ratio Rank: 80

JAAA

JAAA Risk / Return Rank: 98
JAAA Sharpe Ratio Rank: 98
JAAA Sortino Ratio Rank: 99
JAAA Omega Ratio Rank: 99
JAAA Calmar Ratio Rank: 98
JAAA Martin Ratio Rank: 98

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.

MP vs. JAAA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MP Materials Corp. (MP) and Janus Henderson AAA CLO ETF (JAAA). 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.

	MP	JAAA	Difference
Sharpe ratio: Return per unit of total volatility	2.27	5.98	-3.71
Sortino ratio: Return per unit of downside risk	3.17	10.04	-6.88
Omega ratio: Gain probability vs. loss probability	1.36	2.69	-1.33
Calmar ratio: Return relative to maximum drawdown	3.96	13.07	-9.11
Martin ratio: Return relative to average drawdown	6.77	70.18	-63.41
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MP vs. JAAA - Sharpe Ratio Comparison

The current MP Sharpe Ratio is 2.27, which is lower than the JAAA Sharpe Ratio of 5.98. The chart below compares the historical Sharpe Ratios of MP and JAAA, 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

	MP	JAAA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.27	5.98	-3.71
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.24	2.87	-2.63
Sharpe Ratio (All Time) Calculated using the full available price history	0.53	2.77	-2.25

Drawdowns

MP vs. JAAA - Drawdown Comparison

The maximum MP drawdown since its inception was -81.99%, which is greater than JAAA's maximum drawdown of -2.64%. Use the drawdown chart below to compare losses from any high point for MP and JAAA.

Drawdown Indicators

	MP	JAAA	Difference
Max Drawdown Largest peak-to-trough decline	-81.99%	-2.64%	-79.35%
Max Drawdown (1Y) Largest decline over 1 year	-53.79%	-0.39%	-53.40%
Max Drawdown (3Y) Largest decline over 3 years	-59.47%	-1.46%	-58.01%
Max Drawdown (5Y) Largest decline over 5 years	-81.99%	-2.64%	-79.35%
Current Drawdown Current decline from peak	-30.51%	-0.02%	-30.49%
Average Drawdown Average peak-to-trough decline	-42.63%	-0.25%	-42.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	31.40%	0.07%	+31.33%

Volatility

MP vs. JAAA - Volatility Comparison

MP Materials Corp. (MP) has a higher volatility of 21.38% compared to Janus Henderson AAA CLO ETF (JAAA) at 0.13%. This indicates that MP's price experiences larger fluctuations and is considered to be riskier than JAAA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MP	JAAA	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.38%	0.13%	+21.25%
Volatility (6M) Calculated over the trailing 6-month period	50.40%	0.64%	+49.76%
Volatility (1Y) Calculated over the trailing 1-year period	93.94%	0.85%	+93.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	69.57%	1.68%	+67.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	72.60%	1.64%	+70.96%

Dividends

MP vs. JAAA - Dividend Comparison

MP has not paid dividends to shareholders, while JAAA's dividend yield for the trailing twelve months is around 5.00%.

Position	TTM	2025	2024	2023	2022	2021	2020
JAAA Janus Henderson AAA CLO ETF	5.00%	5.30%	6.35%	6.11%	2.74%	1.21%	0.26%
MP MP Materials Corp.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MP and JAAA in my portfolio?

MP and JAAA 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.

Which is riskier, MP or JAAA?

MP has higher volatility (21.38%) compared to JAAA (0.13%). In terms of maximum drawdown, MP dropped -81.99% vs JAAA's -2.64%.

Which has better risk-adjusted returns?

JAAA currently has the higher Sharpe Ratio (5.98 vs 2.27), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.