SCM vs. JAAA
SCM (Stellus Capital Investment Corporation) is a stock, while JAAA (Janus Henderson AAA CLO ETF) is CLO fund actively managed by Janus Henderson. Over the past 5 years, SCM returned 2.58%/yr vs 4.83%/yr for JAAA. At a 0.06 correlation, their price movements are largely independent.
Performance
SCM vs. JAAA - Performance Comparison
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Returns By Period
In the year-to-date period, SCM achieves a -28.97% return, which is significantly lower than JAAA's 2.33% return.
SCM
- 1D
- 0.60%
- 1M
- -3.27%
- 6M
- -32.99%
- YTD
- -28.97%
- 1Y
- -37.35%
- 3Y*
- -6.17%
- 5Y*
- 2.58%
- 10Y*
- 8.22%
JAAA
- 1D
- 0.04%
- 1M
- 0.32%
- 6M
- 2.13%
- YTD
- 2.33%
- 1Y
- 4.93%
- 3Y*
- 6.44%
- 5Y*
- 4.83%
- 10Y*
- —
SCM vs. JAAA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SCM Stellus Capital Investment Corporation | -28.97% | 3.74% | 20.35% | 8.71% | 10.60% | 30.12% | 32.94% |
JAAA Janus Henderson AAA CLO ETF | 2.33% | 5.16% | 7.43% | 8.59% | 0.49% | 1.39% | 0.76% |
Correlation
The correlation between SCM and JAAA is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2020 | 0.06 |
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Return for Risk
SCM vs. JAAA — Risk / Return Rank
SCM
JAAA
SCM vs. JAAA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Stellus Capital Investment Corporation (SCM) 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.
| SCM | JAAA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -7.57 | ||
| Sortino ratioReturn per unit of downside risk | -12.26 | ||
| Omega ratioGain probability vs. loss probability | 0.76 | 2.80 | -2.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.90 | 12.74 | -13.64 |
| Martin ratioReturn relative to average drawdown | -1.58 | 69.13 | -70.71 |
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Drawdowns
SCM vs. JAAA - Drawdown Comparison
The maximum SCM drawdown since its inception was -66.06%, which is greater than JAAA's maximum drawdown of -2.64%. Use the drawdown chart below to compare losses from any high point for SCM and JAAA.
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Drawdown Indicators
| SCM | JAAA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.06% | -2.64% | -63.42% |
Max Drawdown (1Y)Largest decline over 1 year | -41.53% | -0.39% | -41.14% |
Max Drawdown (3Y)Largest decline over 3 years | -41.53% | -1.46% | -40.07% |
Max Drawdown (5Y)Largest decline over 5 years | -41.53% | -2.64% | -38.89% |
Max Drawdown (10Y)Largest decline over 10 years | -66.06% | — | — |
Current DrawdownCurrent decline from peak | -37.40% | -0.00% | -37.40% |
Average DrawdownAverage peak-to-trough decline | -9.89% | -0.25% | -9.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.65% | 0.07% | +23.58% |
Volatility
SCM vs. JAAA - Volatility Comparison
Stellus Capital Investment Corporation (SCM) has a higher volatility of 9.79% compared to Janus Henderson AAA CLO ETF (JAAA) at 0.16%. This indicates that SCM'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
| SCM | JAAA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.79% | 0.16% | +9.63% |
Volatility (6M)Calculated over the trailing 6-month period | 22.95% | 0.63% | +22.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.83% | 0.80% | +26.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.41% | 1.66% | +20.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.88% | 1.63% | +35.25% |
Dividends
SCM vs. JAAA - Dividend Comparison
SCM's dividend yield for the trailing twelve months is around 17.61%, more than JAAA's 4.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JAAA Janus Henderson AAA CLO ETF | 4.95% | 5.30% | 6.35% | 6.11% | 2.74% | 1.21% | 0.26% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SCM Stellus Capital Investment Corporation | 17.61% | 12.62% | 11.62% | 12.45% | 8.14% | 8.29% | 10.57% | 9.55% | 10.50% | 10.35% | 11.27% | 14.10% |
Frequently Asked Questions
SCM and JAAA have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SCM has higher volatility (9.79%) compared to JAAA (0.16%). In terms of maximum drawdown, SCM dropped -66.06% vs JAAA's -2.64%.
JAAA currently has the higher Sharpe Ratio (6.17 vs -1.40), 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.
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