Correlation
The correlation between PQDI and JAAA is 0.09, 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.
PQDI vs. JAAA
Compare and contrast key facts about Principal Spectrum Tax-Advantaged Dividend Active ETF (PQDI) and Janus Henderson AAA CLO ETF (JAAA).
PQDI and JAAA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PQDI is an actively managed fund by Principal. It was launched on Jun 17, 2020. 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: PQDI or JAAA.
Performance
PQDI vs. JAAA - Performance Comparison
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Key characteristics
PQDI:
2.72
JAAA:
3.32
PQDI:
3.78
JAAA:
4.30
PQDI:
1.58
JAAA:
2.25
PQDI:
3.53
JAAA:
4.08
PQDI:
15.91
JAAA:
28.11
PQDI:
0.50%
JAAA:
0.21%
PQDI:
2.97%
JAAA:
1.78%
PQDI:
-17.41%
JAAA:
-2.60%
PQDI:
0.00%
JAAA:
0.00%
Returns By Period
In the year-to-date period, PQDI achieves a 2.33% return, which is significantly higher than JAAA's 1.89% return.
PQDI
2.33%
1.63%
2.26%
8.04%
5.23%
N/A
N/A
JAAA
1.89%
0.91%
2.48%
5.88%
6.71%
N/A
N/A
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PQDI vs. JAAA - Expense Ratio Comparison
PQDI has a 0.60% expense ratio, which is higher than JAAA's 0.21% expense ratio.
Risk-Adjusted Performance
PQDI vs. JAAA — Risk-Adjusted Performance Rank
PQDI
JAAA
PQDI vs. JAAA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal Spectrum Tax-Advantaged Dividend Active ETF (PQDI) 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.
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Dividends
PQDI vs. JAAA - Dividend Comparison
PQDI's dividend yield for the trailing twelve months is around 4.97%, less than JAAA's 6.02% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
PQDI Principal Spectrum Tax-Advantaged Dividend Active ETF | 4.97% | 4.93% | 5.35% | 5.60% | 5.21% | 2.69% |
JAAA Janus Henderson AAA CLO ETF | 6.02% | 6.35% | 6.11% | 2.77% | 1.21% | 0.26% |
Drawdowns
PQDI vs. JAAA - Drawdown Comparison
The maximum PQDI drawdown since its inception was -17.41%, which is greater than JAAA's maximum drawdown of -2.60%. Use the drawdown chart below to compare losses from any high point for PQDI and JAAA.
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Volatility
PQDI vs. JAAA - Volatility Comparison
Principal Spectrum Tax-Advantaged Dividend Active ETF (PQDI) has a higher volatility of 0.88% compared to Janus Henderson AAA CLO ETF (JAAA) at 0.34%. This indicates that PQDI'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.
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