SDOG vs. JAAA

Last updated Jun 13, 2026

SDOG (ALPS Sector Dividend Dogs ETF) and JAAA (Janus Henderson AAA CLO ETF) are both exchange-traded funds - SDOG is a Large Cap Value Equities fund tracking the S-Network Sector Dividend Dogs Index, while JAAA is a CLO fund actively managed by Janus Henderson. SDOG is passively managed, while JAAA is actively managed. Over the past 5 years, SDOG returned 9.08%/yr vs 4.76%/yr for JAAA. At a 0.10 correlation, their price movements are largely independent. SDOG charges 0.36%/yr vs 0.20%/yr for JAAA.

Performance

SDOG vs. JAAA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ALPS Sector Dividend Dogs ETF (SDOG) and Janus Henderson AAA CLO ETF (JAAA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SDOG achieves a 17.13% return, which is significantly higher than JAAA's 1.99% return.

SDOG

• 1D: 1.26%
• 1M: 5.93%
• YTD: 17.13%
• 6M: 16.28%
• 1Y: 26.36%
• 3Y*: 16.38%
• 5Y*: 9.08%
• 10Y*: 9.99%

JAAA

• 1D: 0.02%
• 1M: 0.33%
• YTD: 1.99%
• 6M: 2.49%
• 1Y: 4.99%
• 3Y*: 6.67%
• 5Y*: 4.76%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SDOG vs. JAAA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
SDOG ALPS Sector Dividend Dogs ETF	17.13%	11.12%	14.70%	4.19%	-0.20%	24.59%	12.84%
JAAA Janus Henderson AAA CLO ETF	1.99%	5.16%	7.43%	8.59%	0.49%	1.39%	0.76%

Correlation

The correlation between SDOG and JAAA is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.14
Correlation (3Y) Calculated over the trailing 3-year period	0.15
Correlation (5Y) Calculated over the trailing 5-year period	0.12
Correlation (All Time) Calculated using the full available price history since Oct 19, 2020	0.10

Return for Risk

SDOG vs. JAAA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SDOG

SDOG Risk / Return Rank: 83
SDOG Sharpe Ratio Rank: 83
SDOG Sortino Ratio Rank: 87
SDOG Omega Ratio Rank: 78
SDOG Calmar Ratio Rank: 86
SDOG Martin Ratio Rank: 80

JAAA

JAAA Risk / Return Rank: 98
JAAA Sharpe Ratio Rank: 99
JAAA Sortino Ratio Rank: 99
JAAA Omega Ratio Rank: 99
JAAA Calmar Ratio Rank: 98
JAAA Martin Ratio Rank: 98

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.

SDOG vs. JAAA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ALPS Sector Dividend Dogs ETF (SDOG) 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.

	SDOG	JAAA	Difference
Sharpe ratio: Return per unit of total volatility	2.30	6.03	-3.73
Sortino ratio: Return per unit of downside risk	3.45	10.06	-6.62
Omega ratio: Gain probability vs. loss probability	1.40	2.72	-1.32
Calmar ratio: Return relative to maximum drawdown	4.25	12.91	-8.67
Martin ratio: Return relative to average drawdown	13.63	69.57	-55.95

SDOG vs. JAAA - Sharpe Ratio Comparison

The current SDOG Sharpe Ratio is 2.30, which is lower than the JAAA Sharpe Ratio of 6.03. The chart below compares the historical Sharpe Ratios of SDOG 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.

Drawdowns

SDOG vs. JAAA - Drawdown Comparison

The maximum SDOG drawdown since its inception was -43.56%, which is greater than JAAA's maximum drawdown of -2.64%. Use the drawdown chart below to compare losses from any high point for SDOG and JAAA.

Drawdown Indicators

	SDOG	JAAA	Difference
Max Drawdown Largest peak-to-trough decline	-43.56%	-2.64%	-40.92%
Max Drawdown (1Y) Largest decline over 1 year	-6.24%	-0.39%	-5.85%
Max Drawdown (3Y) Largest decline over 3 years	-16.00%	-1.46%	-14.54%
Max Drawdown (5Y) Largest decline over 5 years	-19.84%	-2.64%	-17.20%
Max Drawdown (10Y) Largest decline over 10 years	-43.56%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-4.91%	-0.25%	-4.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.94%	0.07%	+1.87%

Volatility

SDOG vs. JAAA - Volatility Comparison

ALPS Sector Dividend Dogs ETF (SDOG) has a higher volatility of 3.34% compared to Janus Henderson AAA CLO ETF (JAAA) at 0.12%. This indicates that SDOG'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.

Volatility by Period

	SDOG	JAAA	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.34%	0.12%	+3.22%
Volatility (6M) Calculated over the trailing 6-month period	8.02%	0.63%	+7.39%
Volatility (1Y) Calculated over the trailing 1-year period	11.52%	0.83%	+10.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.44%	1.67%	+13.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.06%	1.64%	+17.42%

SDOG vs. JAAA - Expense Ratio Comparison

SDOG has a 0.36% expense ratio, which is higher than JAAA's 0.20% expense ratio.

Dividends

SDOG vs. JAAA - Dividend Comparison

SDOG's dividend yield for the trailing twelve months is around 3.26%, less 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%
SDOG ALPS Sector Dividend Dogs ETF	3.26%	3.68%	3.86%	4.29%	3.87%	3.62%	3.63%	3.37%	4.03%	3.27%	3.32%	3.61%

Frequently Asked Questions

Can I hold both SDOG and JAAA in my portfolio?

SDOG and JAAA have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SDOG or JAAA?

SDOG has higher volatility (3.34%) compared to JAAA (0.12%). In terms of maximum drawdown, SDOG dropped -43.56% vs JAAA's -2.64%.

Which ETF is better, SDOG or JAAA?

On 5-year performance, SDOG leads with 9.08% vs 4.76% for JAAA. On fees, JAAA is cheaper at 0.20% per year. On volatility, JAAA has been the lower-risk option at 0.12%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SDOG or JAAA?

Over the 5-year period, SDOG has performed better with a 9.08% return vs 4.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SDOG or JAAA?

JAAA is cheaper with a 0.20% expense ratio, compared with 0.36% for SDOG.

Which ETF pays a higher dividend yield, SDOG or JAAA?

JAAA has the higher dividend yield at 4.99%, compared with 3.26% for SDOG.

What is the main difference between SDOG and JAAA?

SDOG is categorized as Large Cap Value Equities, while JAAA is CLO. They also come from different issuers: SS&C and Janus Henderson. Their fees differ too: 0.36% for SDOG and 0.20% for JAAA.

Which has better risk-adjusted returns?

JAAA currently has the higher Sharpe Ratio (6.03 vs 2.30), 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.