QLTA vs. JAAA
Compare and contrast key facts about iShares Aaa - A Rated Corporate Bond ETF (QLTA) and Janus Henderson AAA CLO ETF (JAAA).
QLTA and JAAA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QLTA is a passively managed fund by iShares that tracks the performance of the Bloomberg U.S. Corporate Aaa - A Capped Index. It was launched on Feb 14, 2012. JAAA is an actively managed fund by Janus Henderson. It was launched on Oct 16, 2020.
Performance
QLTA vs. JAAA - Performance Comparison
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QLTA vs. JAAA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
QLTA iShares Aaa - A Rated Corporate Bond ETF | -0.32% | 7.36% | 1.23% | 7.60% | -15.14% | -2.32% | 1.71% |
JAAA Janus Henderson AAA CLO ETF | 0.73% | 5.16% | 7.43% | 8.59% | 0.49% | 1.39% | 0.79% |
Returns By Period
In the year-to-date period, QLTA achieves a -0.32% return, which is significantly lower than JAAA's 0.73% return.
QLTA
- 1D
- 0.51%
- 1M
- -1.78%
- YTD
- -0.32%
- 6M
- 0.33%
- 1Y
- 4.58%
- 3Y*
- 3.95%
- 5Y*
- 0.23%
- 10Y*
- 2.09%
JAAA
- 1D
- 0.12%
- 1M
- 0.38%
- YTD
- 0.73%
- 6M
- 2.11%
- 1Y
- 5.05%
- 3Y*
- 6.82%
- 5Y*
- 4.57%
- 10Y*
- —
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QLTA vs. JAAA - Expense Ratio Comparison
QLTA has a 0.15% expense ratio, which is lower than JAAA's 0.21% 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
QLTA vs. JAAA — Risk / Return Rank
QLTA
JAAA
QLTA vs. JAAA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Aaa - A Rated Corporate Bond ETF (QLTA) 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.
| QLTA | JAAA | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.86 | 2.80 | -1.94 |
Sortino ratioReturn per unit of downside risk | 1.21 | 3.60 | -2.39 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.91 | -0.75 |
Calmar ratioReturn relative to maximum drawdown | 1.70 | 3.54 | -1.85 |
Martin ratioReturn relative to average drawdown | 5.04 | 24.70 | -19.67 |
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
| QLTA | JAAA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.86 | 2.80 | -1.94 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.03 | 2.71 | -2.68 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.30 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 2.70 | -2.30 |
Correlation
The correlation between QLTA and JAAA is 0.05, 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
QLTA vs. JAAA - Dividend Comparison
QLTA's dividend yield for the trailing twelve months is around 4.38%, less than JAAA's 5.62% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QLTA iShares Aaa - A Rated Corporate Bond ETF | 4.38% | 4.33% | 4.11% | 3.39% | 2.79% | 1.96% | 2.31% | 2.99% | 3.09% | 2.67% | 2.59% | 2.99% |
JAAA Janus Henderson AAA CLO ETF | 5.62% | 5.30% | 6.35% | 6.11% | 2.74% | 1.21% | 0.26% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
QLTA vs. JAAA - Drawdown Comparison
The maximum QLTA drawdown since its inception was -22.27%, which is greater than JAAA's maximum drawdown of -2.64%. Use the drawdown chart below to compare losses from any high point for QLTA and JAAA.
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Drawdown Indicators
| QLTA | JAAA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.27% | -2.64% | -19.63% |
Max Drawdown (1Y)Largest decline over 1 year | -2.81% | -1.46% | -1.35% |
Max Drawdown (5Y)Largest decline over 5 years | -21.36% | -2.64% | -18.72% |
Max Drawdown (10Y)Largest decline over 10 years | -22.27% | — | — |
Current DrawdownCurrent decline from peak | -4.02% | -0.03% | -3.99% |
Average DrawdownAverage peak-to-trough decline | -4.69% | -0.26% | -4.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 0.21% | +0.74% |
Volatility
QLTA vs. JAAA - Volatility Comparison
iShares Aaa - A Rated Corporate Bond ETF (QLTA) has a higher volatility of 2.20% compared to Janus Henderson AAA CLO ETF (JAAA) at 0.41%. This indicates that QLTA'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
| QLTA | JAAA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.20% | 0.41% | +1.79% |
Volatility (6M)Calculated over the trailing 6-month period | 3.04% | 0.68% | +2.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.33% | 1.81% | +3.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.22% | 1.69% | +5.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.02% | 1.67% | +5.35% |