NJNK vs. AAAC

Last updated Aug 2, 2026

NJNK (Columbia U.S. High Yield ETF) and AAAC (Columbia AAA CLO ETF) are both exchange-traded funds - NJNK is a High Yield Bonds fund actively managed by Columbia, while AAAC is a CLO fund actively managed by Columbia. Both are actively managed. Their 0.22 correlation means their historical movements had little consistent relationship. NJNK charges 0.46%/yr vs 0.20%/yr for AAAC.

Performance

NJNK vs. AAAC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Columbia U.S. High Yield ETF (NJNK) and Columbia AAA CLO ETF (AAAC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NJNK achieves a 1.60% return, which is significantly lower than AAAC's 2.81% return.

NJNK

• 1D: 0.13%
• 1M: -0.45%
• 6M: 1.51%
• YTD: 1.60%
• 1Y: 5.36%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 5.96%

AAAC

• 1D: 0.05%
• 1M: 0.35%
• 6M: 2.18%
• YTD: 2.81%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AAAC Columbia AAA CLO ETF	$18.84K	$4.60M	$1.56M
NJNK Columbia U.S. High Yield ETF	$34.41K	$52.42K	$194.41K

NJNK vs. AAAC - Yearly Performance Comparison

	2026 (YTD)	2025
NJNK Columbia U.S. High Yield ETF	1.60%	0.34%
AAAC Columbia AAA CLO ETF	2.81%	0.15%

Correlation

The correlation between NJNK and AAAC is 0.22, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 11, 2025	0.22

Return for Risk

NJNK vs. AAAC — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

NJNK

NJNK Risk / Return Rank: 59
NJNK Sharpe Ratio Rank: 55
NJNK Sortino Ratio Rank: 59
NJNK Omega Ratio Rank: 56
NJNK Calmar Ratio Rank: 57
NJNK Martin Ratio Rank: 67

AAAC

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

NJNK vs. AAAC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Columbia U.S. High Yield ETF (NJNK) and Columbia AAA CLO ETF (AAAC). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	NJNK	AAAC	Difference
Sharpe ratio: Return per unit of total volatility	1.33	—	—
Sortino ratio: Return per unit of downside risk	2.02	—	—
Omega ratio: Gain probability vs. loss probability	1.25	—	—
Calmar ratio: Return relative to maximum drawdown	2.03	—	—
Martin ratio: Return relative to average drawdown	8.24	—	—

Drawdowns

NJNK vs. AAAC - Drawdown Comparison

The maximum NJNK drawdown since its inception was -4.48%, which is greater than AAAC's maximum drawdown of -0.55%. Use the drawdown chart below to compare losses from any high point for NJNK and AAAC.

Drawdown Indicators

	NJNK	AAAC	Difference
Max Drawdown Largest peak-to-trough decline	-4.48%	-0.55%	-3.93%
Max Drawdown (1Y) Largest decline over 1 year	-2.63%	—	—
Current Drawdown Current decline from peak	-0.52%	0.00%	-0.52%
Average Drawdown Average peak-to-trough decline	-0.48%	-0.03%	-0.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.65%	—	—

Volatility

Volatility by Period

	NJNK	AAAC	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.87%	—	—
Volatility (6M) Calculated over the trailing 6-month period	3.16%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	4.02%	0.82%	+3.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.68%	0.82%	+3.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.68%	0.82%	+3.86%

NJNK vs. AAAC - Expense Ratio Comparison

NJNK has a 0.46% expense ratio, which is higher than AAAC's 0.20% expense ratio.

Dividends

NJNK vs. AAAC - Dividend Comparison

NJNK's dividend yield for the trailing twelve months is around 6.41%, more than AAAC's 2.65% yield.

Position	TTM	2025	2024
AAAC Columbia AAA CLO ETF	2.65%	0.03%	0.00%
NJNK Columbia U.S. High Yield ETF	5.85%	6.34%	2.05%

Frequently Asked Questions

Can I hold both NJNK and AAAC in my portfolio?

NJNK and AAAC have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NJNK or AAAC?

On fees, AAAC is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NJNK or AAAC?

AAAC is cheaper with a 0.20% expense ratio, compared with 0.46% for NJNK.

Which ETF pays a higher dividend yield, NJNK or AAAC?

NJNK has the higher dividend yield at 5.85%, compared with 2.65% for AAAC.

What is the main difference between NJNK and AAAC?

NJNK is categorized as High Yield Bonds, while AAAC is CLO. Their fees differ too: 0.46% for NJNK and 0.20% for AAAC.