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THYF vs. JAAA
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

THYF vs. JAAA

Last updated May 22, 2025

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 0.12, 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

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price U.S. High Yield ETF (THYF) and Janus Henderson AAA CLO ETF (JAAA). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

THYF:

1.16

JAAA:

3.25

Sortino Ratio

THYF:

1.69

JAAA:

4.18

Omega Ratio

THYF:

1.28

JAAA:

2.22

Calmar Ratio

THYF:

1.28

JAAA:

3.97

Martin Ratio

THYF:

5.99

JAAA:

27.33

Ulcer Index

THYF:

1.09%

JAAA:

0.21%

Daily Std Dev

THYF:

5.46%

JAAA:

1.78%

Max Drawdown

THYF:

-5.24%

JAAA:

-2.60%

Current Drawdown

THYF:

-0.92%

JAAA:

-0.02%

Returns By Period

In the year-to-date period, THYF achieves a 0.99% return, which is significantly lower than JAAA's 1.55% return.

THYF

YTD

0.99%

1M

2.85%

6M

1.33%

1Y

6.27%

3Y*

N/A

5Y*

N/A

10Y*

N/A

JAAA

YTD

1.55%

1M

1.11%

6M

2.32%

1Y

5.75%

3Y*

6.67%

5Y*

N/A

10Y*

N/A

*Annualized

Compare stocks, funds, or ETFs

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T. Rowe Price U.S. High Yield ETF

Janus Henderson AAA CLO ETF

THYF vs. JAAA - Expense Ratio Comparison

THYF has a 0.56% expense ratio, which is higher than JAAA's 0.21% expense ratio.

THYF
T. Rowe Price U.S. High Yield ETF
JAAA
Janus Henderson AAA CLO ETF

Risk-Adjusted Performance

THYF vs. JAAA — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
THYF
The Risk-Adjusted Performance Rank of THYF is 8787
Overall Rank
The Sharpe Ratio Rank of THYF is 8686
Sharpe Ratio Rank
The Sortino Ratio Rank of THYF is 8686
Sortino Ratio Rank
The Omega Ratio Rank of THYF is 9090
Omega Ratio Rank
The Calmar Ratio Rank of THYF is 8787
Calmar Ratio Rank
The Martin Ratio Rank of THYF is 8787
Martin Ratio Rank
JAAA
The Risk-Adjusted Performance Rank of JAAA is 9898
Overall Rank
The Sharpe Ratio Rank of JAAA is 9898
Sharpe Ratio Rank
The Sortino Ratio Rank of JAAA is 9797
Sortino Ratio Rank
The Omega Ratio Rank of JAAA is 9999
Omega Ratio Rank
The Calmar Ratio Rank of JAAA is 9797
Calmar Ratio Rank
The Martin Ratio Rank of JAAA is 9898
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.

The current THYF Sharpe Ratio is 1.16, which is lower than the JAAA Sharpe Ratio of 3.25. The chart below compares the historical Sharpe Ratios of THYF and JAAA, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Dividends

THYF vs. JAAA - Dividend Comparison

THYF's dividend yield for the trailing twelve months is around 7.26%, more than JAAA's 6.04% yield.

TTM20242023202220212020
THYF
T. Rowe Price U.S. High Yield ETF		7.26%7.30%8.02%1.50%0.00%0.00%
JAAA
Janus Henderson AAA CLO ETF		6.04%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.

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Volatility

THYF vs. JAAA - Volatility Comparison

T. Rowe Price U.S. High Yield ETF (THYF) has a higher volatility of 1.45% compared to Janus Henderson AAA CLO ETF (JAAA) at 0.34%. 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.

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