PBBBX vs. VNLA
Compare and contrast key facts about PIA BBB Bond Fund (PBBBX) and Janus Henderson Short Duration Income ETF (VNLA).
PBBBX is managed by PIA Mutual Funds. It was launched on Sep 25, 2003. VNLA is a passively managed fund by Janus Henderson that tracks the performance of the FTSE 3-Month U.S. Treasury Bill Index. It was launched on Nov 16, 2016.
Performance
PBBBX vs. VNLA - Performance Comparison
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PBBBX vs. VNLA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PBBBX PIA BBB Bond Fund | -0.91% | 8.14% | 2.41% | 9.19% | -16.35% | -1.20% | 9.37% | 16.49% | -3.02% | 7.16% |
VNLA Janus Henderson Short Duration Income ETF | 0.57% | 5.45% | 6.41% | 6.09% | -0.17% | -0.18% | 3.01% | 4.43% | 0.02% | 2.11% |
Returns By Period
In the year-to-date period, PBBBX achieves a -0.91% return, which is significantly lower than VNLA's 0.57% return.
PBBBX
- 1D
- 0.35%
- 1M
- -1.95%
- YTD
- -0.91%
- 6M
- -0.40%
- 1Y
- 4.42%
- 3Y*
- 5.03%
- 5Y*
- 0.68%
- 10Y*
- 3.01%
VNLA
- 1D
- -0.02%
- 1M
- -0.16%
- YTD
- 0.57%
- 6M
- 1.79%
- 1Y
- 4.72%
- 3Y*
- 5.72%
- 5Y*
- 3.67%
- 10Y*
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PBBBX vs. VNLA - Expense Ratio Comparison
PBBBX has a 0.15% expense ratio, which is lower than VNLA's 0.23% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
PBBBX vs. VNLA — Risk / Return Rank
PBBBX
VNLA
PBBBX vs. VNLA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIA BBB Bond Fund (PBBBX) and Janus Henderson Short Duration Income ETF (VNLA). 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.
| PBBBX | VNLA | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.06 | 6.55 | -5.49 |
Sortino ratioReturn per unit of downside risk | 1.50 | 11.33 | -9.83 |
Omega ratioGain probability vs. loss probability | 1.20 | 3.14 | -1.95 |
Calmar ratioReturn relative to maximum drawdown | 1.52 | 10.06 | -8.54 |
Martin ratioReturn relative to average drawdown | 5.14 | 44.83 | -39.69 |
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
| PBBBX | VNLA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.06 | 6.55 | -5.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.10 | 3.56 | -3.46 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.75 | 2.06 | -1.31 |
Correlation
The correlation between PBBBX and VNLA is 0.37, 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
PBBBX vs. VNLA - Dividend Comparison
PBBBX's dividend yield for the trailing twelve months is around 3.77%, less than VNLA's 4.87% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PBBBX PIA BBB Bond Fund | 3.77% | 4.02% | 3.82% | 3.57% | 3.24% | 2.85% | 3.16% | 3.78% | 4.20% | 3.75% | 3.95% | 4.12% |
VNLA Janus Henderson Short Duration Income ETF | 4.87% | 4.84% | 4.97% | 3.95% | 4.35% | 1.67% | 1.21% | 3.13% | 2.43% | 1.79% | 0.08% | 0.00% |
Drawdowns
PBBBX vs. VNLA - Drawdown Comparison
The maximum PBBBX drawdown since its inception was -23.00%, which is greater than VNLA's maximum drawdown of -4.49%. Use the drawdown chart below to compare losses from any high point for PBBBX and VNLA.
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Drawdown Indicators
| PBBBX | VNLA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.00% | -4.49% | -18.51% |
Max Drawdown (1Y)Largest decline over 1 year | -3.30% | -0.47% | -2.83% |
Max Drawdown (5Y)Largest decline over 5 years | -23.00% | -1.76% | -21.24% |
Max Drawdown (10Y)Largest decline over 10 years | -23.00% | — | — |
Current DrawdownCurrent decline from peak | -2.51% | -0.23% | -2.28% |
Average DrawdownAverage peak-to-trough decline | -3.50% | -0.24% | -3.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.98% | 0.11% | +0.87% |
Volatility
PBBBX vs. VNLA - Volatility Comparison
PIA BBB Bond Fund (PBBBX) has a higher volatility of 1.76% compared to Janus Henderson Short Duration Income ETF (VNLA) at 0.28%. This indicates that PBBBX's price experiences larger fluctuations and is considered to be riskier than VNLA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PBBBX | VNLA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.76% | 0.28% | +1.48% |
Volatility (6M)Calculated over the trailing 6-month period | 2.73% | 0.45% | +2.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.76% | 0.72% | +4.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.69% | 1.04% | +5.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.02% | 1.44% | +4.58% |