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 0.96%/yr vs 4.80%/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 -33.67% return, which is significantly lower than JAAA's 2.07% return.
SCM
- 1D
- -4.22%
- 1M
- -11.35%
- YTD
- -33.67%
- 6M
- -31.99%
- 1Y
- -34.40%
- 3Y*
- -6.54%
- 5Y*
- 0.96%
- 10Y*
- 8.42%
JAAA
- 1D
- 0.00%
- 1M
- 0.29%
- YTD
- 2.07%
- 6M
- 2.25%
- 1Y
- 4.99%
- 3Y*
- 6.58%
- 5Y*
- 4.80%
- 10Y*
- —
SCM vs. JAAA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SCM Stellus Capital Investment Corporation | -33.67% | 3.74% | 20.35% | 8.71% | 10.60% | 30.12% | 32.94% |
JAAA Janus Henderson AAA CLO ETF | 2.07% | 5.16% | 7.43% | 8.59% | 0.49% | 1.39% | 0.76% |
Correlation
The correlation between SCM and JAAA is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
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 | -7.43 | ||
| Sortino ratioReturn per unit of downside risk | -12.00 | ||
| Omega ratioGain probability vs. loss probability | 0.78 | 2.76 | -1.98 |
| Calmar ratioReturn relative to maximum drawdown | -0.83 | 12.91 | -13.75 |
| Martin ratioReturn relative to average drawdown | -1.58 | 69.99 | -71.58 |
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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 | -41.53% | -0.02% | -41.51% |
Average DrawdownAverage peak-to-trough decline | -9.76% | -0.25% | -9.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.75% | 0.07% | +21.68% |
Volatility
SCM vs. JAAA - Volatility Comparison
Stellus Capital Investment Corporation (SCM) has a higher volatility of 8.80% compared to Janus Henderson AAA CLO ETF (JAAA) at 0.11%. 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 | 8.80% | 0.11% | +8.69% |
Volatility (6M)Calculated over the trailing 6-month period | 22.19% | 0.63% | +21.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.07% | 0.82% | +25.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.28% | 1.67% | +20.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.84% | 1.63% | +35.21% |
Dividends
SCM vs. JAAA - Dividend Comparison
SCM's dividend yield for the trailing twelve months is around 18.86%, more than JAAA's 4.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SCM Stellus Capital Investment Corporation | 18.86% | 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 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SCM has higher volatility (8.80%) compared to JAAA (0.11%). In terms of maximum drawdown, SCM dropped -66.06% vs JAAA's -2.64%.
JAAA currently has the higher Sharpe Ratio (6.11 vs -1.33), 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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