PIPAX vs. JAAA
Compare and contrast key facts about PIMCO StocksPLUS® International Fund (U.S. Dollar-Hedged) Class A (PIPAX) and Janus Henderson AAA CLO ETF (JAAA).
PIPAX is managed by PIMCO. It was launched on Oct 31, 2003. JAAA is an actively managed fund by Janus Henderson. It was launched on Oct 16, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PIPAX or JAAA.
Key characteristics
| PIPAX | JAAA | |
|---|---|---|
| YTD Return | 12.29% | 6.58% |
| 1Y Return | 17.14% | 8.02% |
| 3Y Return (Ann) | 5.02% | 5.20% |
| Sharpe Ratio | 1.66 | 10.49 |
| Sortino Ratio | 2.12 | 22.49 |
| Omega Ratio | 1.33 | 6.83 |
| Calmar Ratio | 1.70 | 24.51 |
| Martin Ratio | 8.59 | 247.88 |
| Ulcer Index | 2.20% | 0.03% |
| Daily Std Dev | 11.37% | 0.76% |
| Max Drawdown | -58.00% | -2.60% |
| Current Drawdown | -3.41% | 0.00% |
Correlation
The correlation between PIPAX and JAAA is 0.10, 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.
Performance
PIPAX vs. JAAA - Performance Comparison
In the year-to-date period, PIPAX achieves a 12.29% return, which is significantly higher than JAAA's 6.58% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PIPAX vs. JAAA - Expense Ratio Comparison
PIPAX has a 1.15% expense ratio, which is higher than JAAA's 0.21% expense ratio.
Risk-Adjusted Performance
PIPAX vs. JAAA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO StocksPLUS® International Fund (U.S. Dollar-Hedged) Class A (PIPAX) 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.
Dividends
PIPAX vs. JAAA - Dividend Comparison
PIPAX's dividend yield for the trailing twelve months is around 13.80%, more than JAAA's 6.39% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PIPAX PIMCO StocksPLUS® International Fund (U.S. Dollar-Hedged) Class A | 13.80% | 9.88% | 5.75% | 7.60% | 1.44% | 9.01% | 1.46% | 7.39% | 0.79% | 8.15% | 12.09% | 5.75% |
JAAA Janus Henderson AAA CLO ETF | 6.39% | 6.10% | 2.77% | 1.21% | 0.26% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PIPAX vs. JAAA - Drawdown Comparison
The maximum PIPAX drawdown since its inception was -58.00%, which is greater than JAAA's maximum drawdown of -2.60%. Use the drawdown chart below to compare losses from any high point for PIPAX and JAAA. For additional features, visit the drawdowns tool.
Volatility
PIPAX vs. JAAA - Volatility Comparison
PIMCO StocksPLUS® International Fund (U.S. Dollar-Hedged) Class A (PIPAX) has a higher volatility of 2.59% compared to Janus Henderson AAA CLO ETF (JAAA) at 0.18%. This indicates that PIPAX'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.