TFLR vs. JAAA
Compare and contrast key facts about T. Rowe Price Floating Rate ETF (TFLR) and Janus Henderson AAA CLO ETF (JAAA).
TFLR and JAAA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TFLR is an actively managed fund by T. Rowe Price. It was launched on Nov 16, 2022. JAAA is an actively managed fund by Janus Henderson. It was launched on Oct 16, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TFLR or JAAA.
Correlation
The correlation between TFLR and JAAA is 0.08, 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.
Performance
TFLR vs. JAAA - Performance Comparison
Key characteristics
TFLR:
3.21
JAAA:
10.53
TFLR:
4.85
JAAA:
22.32
TFLR:
1.74
JAAA:
6.23
TFLR:
7.61
JAAA:
22.51
TFLR:
43.67
JAAA:
213.50
TFLR:
0.18%
JAAA:
0.03%
TFLR:
2.50%
JAAA:
0.70%
TFLR:
-1.48%
JAAA:
-2.60%
TFLR:
-0.61%
JAAA:
0.00%
Returns By Period
In the year-to-date period, TFLR achieves a -0.05% return, which is significantly lower than JAAA's 0.59% return.
TFLR
-0.05%
0.03%
3.39%
7.84%
N/A
N/A
JAAA
0.59%
0.59%
3.41%
7.32%
N/A
N/A
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TFLR vs. JAAA - Expense Ratio Comparison
TFLR has a 0.60% expense ratio, which is higher than JAAA's 0.21% expense ratio.
Risk-Adjusted Performance
TFLR vs. JAAA — Risk-Adjusted Performance Rank
TFLR
JAAA
TFLR vs. JAAA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Floating Rate ETF (TFLR) 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.
Dividends
TFLR vs. JAAA - Dividend Comparison
TFLR's dividend yield for the trailing twelve months is around 7.47%, more than JAAA's 6.31% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
TFLR T. Rowe Price Floating Rate ETF | 7.47% | 8.18% | 7.76% | 0.58% | 0.00% | 0.00% |
JAAA Janus Henderson AAA CLO ETF | 6.31% | 6.35% | 6.10% | 2.77% | 1.21% | 0.26% |
Drawdowns
TFLR vs. JAAA - Drawdown Comparison
The maximum TFLR drawdown since its inception was -1.48%, smaller than the maximum JAAA drawdown of -2.60%. Use the drawdown chart below to compare losses from any high point for TFLR and JAAA. For additional features, visit the drawdowns tool.
Volatility
TFLR vs. JAAA - Volatility Comparison
T. Rowe Price Floating Rate ETF (TFLR) has a higher volatility of 0.65% compared to Janus Henderson AAA CLO ETF (JAAA) at 0.16%. This indicates that TFLR'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.