STRF vs. JAAA
STRF (Strategy 10.00% Series A Perpetual Strife Preferred Stock) is a stock, while JAAA (Janus Henderson AAA CLO ETF) is CLO fund actively managed by Janus Henderson. Over the past year, STRF returned -2.09% vs 5.10% for JAAA. At a 0.15 correlation, their price movements are largely independent.
Performance
STRF vs. JAAA - Performance Comparison
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Returns By Period
In the year-to-date period, STRF achieves a -3.33% return, which is significantly lower than JAAA's 1.89% return.
STRF
- 1D
- -0.48%
- 1M
- -5.29%
- YTD
- -3.33%
- 6M
- -9.75%
- 1Y
- -2.09%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JAAA
- 1D
- 0.02%
- 1M
- 0.37%
- YTD
- 1.89%
- 6M
- 2.47%
- 1Y
- 5.10%
- 3Y*
- 6.70%
- 5Y*
- 4.79%
- 10Y*
- —
STRF vs. JAAA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
STRF Strategy 10.00% Series A Perpetual Strife Preferred Stock | -3.33% | 16.74% |
JAAA Janus Henderson AAA CLO ETF | 1.89% | 4.57% |
Correlation
The correlation between STRF and JAAA is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 2025 | 0.15 |
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Return for Risk
STRF vs. JAAA — Risk / Return Rank
STRF
JAAA
STRF vs. JAAA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Strategy 10.00% Series A Perpetual Strife Preferred Stock (STRF) 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.
| STRF | JAAA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -6.12 | ||
| Sortino ratioReturn per unit of downside risk | -10.07 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 2.71 | -1.70 |
| Calmar ratioReturn relative to maximum drawdown | -0.09 | 13.18 | -13.27 |
| Martin ratioReturn relative to average drawdown | -0.16 | 70.92 | -71.08 |
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
| STRF | JAAA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.08 | 6.04 | -6.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 2.87 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 2.78 | -2.34 |
Drawdowns
STRF vs. JAAA - Drawdown Comparison
The maximum STRF drawdown since its inception was -24.01%, which is greater than JAAA's maximum drawdown of -2.64%. Use the drawdown chart below to compare losses from any high point for STRF and JAAA.
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Drawdown Indicators
| STRF | JAAA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.01% | -2.64% | -21.37% |
Max Drawdown (1Y)Largest decline over 1 year | -24.01% | -0.39% | -23.62% |
Max Drawdown (3Y)Largest decline over 3 years | — | -1.46% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -2.64% | — |
Current DrawdownCurrent decline from peak | -19.18% | -0.00% | -19.18% |
Average DrawdownAverage peak-to-trough decline | -10.49% | -0.25% | -10.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.21% | 0.07% | +13.14% |
Volatility
STRF vs. JAAA - Volatility Comparison
Strategy 10.00% Series A Perpetual Strife Preferred Stock (STRF) has a higher volatility of 3.36% compared to Janus Henderson AAA CLO ETF (JAAA) at 0.13%. This indicates that STRF'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
| STRF | JAAA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.36% | 0.13% | +3.23% |
Volatility (6M)Calculated over the trailing 6-month period | 14.02% | 0.64% | +13.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.35% | 0.85% | +24.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.43% | 1.68% | +22.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.43% | 1.64% | +22.79% |
Dividends
STRF vs. JAAA - Dividend Comparison
STRF's dividend yield for the trailing twelve months is around 10.64%, more than JAAA's 5.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
JAAA Janus Henderson AAA CLO ETF | 5.00% | 5.30% | 6.35% | 6.11% | 2.74% | 1.21% | 0.26% |
STRF Strategy 10.00% Series A Perpetual Strife Preferred Stock | 10.64% | 7.56% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
STRF and JAAA have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
STRF has higher volatility (3.36%) compared to JAAA (0.13%). In terms of maximum drawdown, STRF dropped -24.01% vs JAAA's -2.64%.
JAAA currently has the higher Sharpe Ratio (6.04 vs -0.08), 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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