UTRE vs. JAAA
Compare and contrast key facts about US Treasury 3 Year Note ETF (UTRE) and Janus Henderson AAA CLO ETF (JAAA).
UTRE and JAAA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UTRE is a passively managed fund by US Benchmark Series that tracks the performance of the ICE BofA Current 3-Year US Treasury Index - Benchmark TR Gross. It was launched on Mar 27, 2023. 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: UTRE or JAAA.
Correlation
The correlation between UTRE and JAAA is 0.00, 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
UTRE vs. JAAA - Performance Comparison
Key characteristics
UTRE:
1.74
JAAA:
10.02
UTRE:
2.62
JAAA:
20.56
UTRE:
1.33
JAAA:
5.69
UTRE:
2.35
JAAA:
21.30
UTRE:
5.18
JAAA:
182.79
UTRE:
0.84%
JAAA:
0.04%
UTRE:
2.52%
JAAA:
0.70%
UTRE:
-2.80%
JAAA:
-2.60%
UTRE:
-0.41%
JAAA:
-0.10%
Returns By Period
In the year-to-date period, UTRE achieves a 0.78% return, which is significantly higher than JAAA's 0.72% return.
UTRE
0.78%
0.77%
0.60%
4.59%
N/A
N/A
JAAA
0.72%
0.25%
3.15%
6.95%
N/A
N/A
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UTRE vs. JAAA - Expense Ratio Comparison
UTRE has a 0.15% expense ratio, which is lower than JAAA's 0.21% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
UTRE vs. JAAA — Risk-Adjusted Performance Rank
UTRE
JAAA
UTRE vs. JAAA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for US Treasury 3 Year Note ETF (UTRE) 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
UTRE vs. JAAA - Dividend Comparison
UTRE's dividend yield for the trailing twelve months is around 3.99%, less than JAAA's 6.21% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
UTRE US Treasury 3 Year Note ETF | 3.99% | 4.02% | 3.14% | 0.00% | 0.00% | 0.00% |
JAAA Janus Henderson AAA CLO ETF | 6.21% | 6.35% | 6.10% | 2.77% | 1.21% | 0.26% |
Drawdowns
UTRE vs. JAAA - Drawdown Comparison
The maximum UTRE drawdown since its inception was -2.80%, which is greater than JAAA's maximum drawdown of -2.60%. Use the drawdown chart below to compare losses from any high point for UTRE and JAAA. For additional features, visit the drawdowns tool.
Volatility
UTRE vs. JAAA - Volatility Comparison
US Treasury 3 Year Note ETF (UTRE) has a higher volatility of 0.61% compared to Janus Henderson AAA CLO ETF (JAAA) at 0.13%. This indicates that UTRE'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.