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PTY vs. JAAA
Performance
Return for Risk
Drawdowns
Volatility
Dividends

PTY vs. JAAA

Last updated Jun 13, 2026

PTY (PIMCO Corporate & Income Opportunity Fund) and JAAA (Janus Henderson AAA CLO ETF) are both funds - PTY is a Corporate Bonds fund managed by PIMCO, while JAAA is a CLO fund actively managed by Janus Henderson. Over the past 5 years, PTY returned -0.75%/yr vs 4.76%/yr for JAAA. At a 0.12 correlation, their price movements are largely independent. PTY charges 1.19%/yr vs 0.20%/yr for JAAA.

Performance

PTY vs. JAAA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIMCO Corporate & Income Opportunity Fund (PTY) and Janus Henderson AAA CLO ETF (JAAA). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, PTY achieves a -3.70% return, which is significantly lower than JAAA's 1.99% return.

PTY

1D
0.26%
1M
-0.51%
YTD
-3.70%
6M
-3.85%
1Y
-4.11%
3Y*
7.73%
5Y*
-0.75%
10Y*
8.71%

JAAA

1D
0.02%
1M
0.33%
YTD
1.99%
6M
2.49%
1Y
5.01%
3Y*
6.67%
5Y*
4.76%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

PTY vs. JAAA - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
PTY
PIMCO Corporate & Income Opportunity Fund		-3.70%-0.51%19.87%22.56%-18.71%0.40%10.48%
JAAA
Janus Henderson AAA CLO ETF		1.99%5.16%7.43%8.59%0.49%1.39%0.76%

Correlation

The correlation between PTY and JAAA is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.10

Correlation (3Y)
Calculated over the trailing 3-year period

0.19

Correlation (5Y)
Calculated over the trailing 5-year period

0.14

Correlation (All Time)
Calculated using the full available price history since Oct 19, 2020

0.12

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

PIMCO Corporate & Income Opportunity Fund

Janus Henderson AAA CLO ETF

Often compared with PTY:
PTY vs. PDIPTY vs. PCNPTY vs. SCHDPTY vs. PFNPTY vs. JEPQPTY vs. SCYBPTY vs. JEPI
Often compared with JAAA:
JAAA vs. PAAAJAAA vs. JBBBJAAA vs. AAAJAAA vs. CLOZJAAA vs. BINCJAAA vs. BOXXJAAA vs. SGOV

Return for Risk

PTY vs. JAAA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PTY
PTY Risk / Return Rank: 22
Overall Rank
PTY Sharpe Ratio Rank: 22
Sharpe Ratio Rank
PTY Sortino Ratio Rank: 22
Sortino Ratio Rank
PTY Omega Ratio Rank: 11
Omega Ratio Rank
PTY Calmar Ratio Rank: 22
Calmar Ratio Rank
PTY Martin Ratio Rank: 22
Martin Ratio Rank
JAAA
JAAA Risk / Return Rank: 9898
Overall Rank
JAAA Sharpe Ratio Rank: 9999
Sharpe Ratio Rank
JAAA Sortino Ratio Rank: 9999
Sortino Ratio Rank
JAAA Omega Ratio Rank: 9999
Omega Ratio Rank
JAAA Calmar Ratio Rank: 9898
Calmar Ratio Rank
JAAA Martin Ratio Rank: 9898
Martin Ratio Rank
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.

PTY vs. JAAA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO Corporate & Income Opportunity Fund (PTY) 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.

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.

PTYJAAADifference
Sharpe ratioReturn per unit of total volatility
-0.42
6.03

-6.45

Sortino ratioReturn per unit of downside risk
-0.50
10.06

-10.56

Omega ratioGain probability vs. loss probability

0.92

2.72

-1.80

Calmar ratioReturn relative to maximum drawdown

-0.29

12.91

-13.21

Martin ratioReturn relative to average drawdown

-0.57

69.57

-70.15

PTY vs. JAAA - Sharpe Ratio Comparison

The current PTY Sharpe Ratio is -0.42, which is lower than the JAAA Sharpe Ratio of 6.03. The chart below compares the historical Sharpe Ratios of PTY 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.

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Drawdowns

PTY vs. JAAA - Drawdown Comparison

The maximum PTY drawdown since its inception was -60.86%, which is greater than JAAA's maximum drawdown of -2.64%. Use the drawdown chart below to compare losses from any high point for PTY and JAAA.

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Drawdown Indicators

PTYJAAADifference

Max Drawdown

Largest peak-to-trough decline

-60.86%

-2.64%

-58.22%

Max Drawdown (1Y)

Largest decline over 1 year

-15.44%

-0.39%

-15.05%

Max Drawdown (3Y)

Largest decline over 3 years

-16.04%

-1.46%

-14.58%

Max Drawdown (5Y)

Largest decline over 5 years

-41.38%

-2.64%

-38.74%

Max Drawdown (10Y)

Largest decline over 10 years

-46.55%

—

—

Current Drawdown

Current decline from peak

-12.60%

0.00%

-12.60%

Average Drawdown

Average peak-to-trough decline

-8.61%

-0.25%

-8.36%

Ulcer Index

Depth and duration of drawdowns from previous peaks

7.89%

0.07%

+7.82%

Volatility

PTY vs. JAAA - Volatility Comparison

PIMCO Corporate & Income Opportunity Fund (PTY) has a higher volatility of 2.64% compared to Janus Henderson AAA CLO ETF (JAAA) at 0.12%. This indicates that PTY'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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Volatility by Period

PTYJAAADifference

Volatility (1M)

Calculated over the trailing 1-month period

2.64%

0.12%

+2.52%

Volatility (6M)

Calculated over the trailing 6-month period

7.49%

0.63%

+6.86%

Volatility (1Y)

Calculated over the trailing 1-year period

10.80%

0.83%

+9.97%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.39%

1.67%

+15.72%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.19%

1.64%

+19.55%

PTY vs. JAAA - Expense Ratio Comparison

PTY has a 1.19% expense ratio, which is higher than JAAA's 0.20% expense ratio.

Dividends

PTY vs. JAAA - Dividend Comparison

PTY's dividend yield for the trailing twelve months is around 12.15%, more than JAAA's 4.99% yield.

PositionTTM20252024202320222021202020192018201720162015
JAAA
Janus Henderson AAA CLO ETF		4.99%5.30%6.35%6.11%2.74%1.21%0.26%0.00%0.00%0.00%0.00%0.00%
PTY
PIMCO Corporate & Income Opportunity Fund		12.15%11.05%9.92%10.77%13.12%9.16%8.74%8.37%10.63%9.48%12.09%11.92%

Frequently Asked Questions

PTY and JAAA have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

PTY has higher volatility (2.64%) compared to JAAA (0.12%). In terms of maximum drawdown, PTY dropped -60.86% vs JAAA's -2.64%.

JAAA currently has the higher Sharpe Ratio (6.03 vs -0.42), 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.

Portfolio Optimizer

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