THYF vs. JAAA
Compare and contrast key facts about T. Rowe Price U.S. High Yield ETF (THYF) and Janus Henderson AAA CLO ETF (JAAA).
THYF and JAAA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. THYF is an actively managed fund by T. Rowe Price. It was launched on Oct 25, 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: THYF or JAAA.
Correlation
The correlation between THYF and JAAA is 0.11, 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
THYF vs. JAAA - Performance Comparison
Key characteristics
THYF:
1.25
JAAA:
3.28
THYF:
1.76
JAAA:
4.16
THYF:
1.30
JAAA:
2.28
THYF:
1.34
JAAA:
3.92
THYF:
6.54
JAAA:
27.02
THYF:
1.04%
JAAA:
0.21%
THYF:
5.41%
JAAA:
1.76%
THYF:
-5.24%
JAAA:
-2.60%
THYF:
-2.23%
JAAA:
0.00%
Returns By Period
In the year-to-date period, THYF achieves a -0.34% return, which is significantly lower than JAAA's 0.98% return.
THYF
-0.34%
-0.67%
0.85%
6.63%
N/A
N/A
JAAA
0.98%
0.13%
2.19%
5.74%
N/A
N/A
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THYF vs. JAAA - Expense Ratio Comparison
THYF has a 0.56% expense ratio, which is higher than JAAA's 0.21% expense ratio.
Risk-Adjusted Performance
THYF vs. JAAA — Risk-Adjusted Performance Rank
THYF
JAAA
THYF vs. JAAA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price U.S. High Yield ETF (THYF) 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
THYF vs. JAAA - Dividend Comparison
THYF's dividend yield for the trailing twelve months is around 7.36%, more than JAAA's 6.10% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
THYF T. Rowe Price U.S. High Yield ETF | 7.36% | 7.30% | 8.02% | 1.50% | 0.00% | 0.00% |
JAAA Janus Henderson AAA CLO ETF | 6.10% | 6.35% | 6.10% | 2.77% | 1.21% | 0.26% |
Drawdowns
THYF vs. JAAA - Drawdown Comparison
The maximum THYF drawdown since its inception was -5.24%, which is greater than JAAA's maximum drawdown of -2.60%. Use the drawdown chart below to compare losses from any high point for THYF and JAAA. For additional features, visit the drawdowns tool.
Volatility
THYF vs. JAAA - Volatility Comparison
T. Rowe Price U.S. High Yield ETF (THYF) has a higher volatility of 4.37% compared to Janus Henderson AAA CLO ETF (JAAA) at 1.61%. This indicates that THYF'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.