VNLA vs. FDAAX
Compare and contrast key facts about Janus Henderson Short Duration Income ETF (VNLA) and Franklin Floating Rate Daily Access Fund (FDAAX).
VNLA is a passively managed fund by Janus Henderson that tracks the performance of the FTSE 3-Month U.S. Treasury Bill Index. It was launched on Nov 16, 2016. FDAAX is managed by Franklin Templeton. It was launched on Apr 30, 2001.
Performance
VNLA vs. FDAAX - Performance Comparison
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VNLA vs. FDAAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VNLA Janus Henderson Short Duration Income ETF | 0.57% | 5.45% | 6.41% | 6.09% | -0.17% | -0.18% | 3.01% | 4.43% | 0.02% | 2.11% |
FDAAX Franklin Floating Rate Daily Access Fund | -1.20% | 4.68% | 8.52% | 14.35% | -1.37% | 8.55% | -3.71% | 3.30% | 0.95% | 2.44% |
Returns By Period
In the year-to-date period, VNLA achieves a 0.57% return, which is significantly higher than FDAAX's -1.20% return.
VNLA
- 1D
- -0.02%
- 1M
- -0.16%
- YTD
- 0.57%
- 6M
- 1.79%
- 1Y
- 4.72%
- 3Y*
- 5.72%
- 5Y*
- 3.67%
- 10Y*
- —
FDAAX
- 1D
- 0.14%
- 1M
- -0.14%
- YTD
- -1.20%
- 6M
- -0.44%
- 1Y
- 3.44%
- 3Y*
- 7.18%
- 5Y*
- 6.10%
- 10Y*
- 4.52%
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VNLA vs. FDAAX - Expense Ratio Comparison
VNLA has a 0.23% expense ratio, which is lower than FDAAX's 0.67% expense ratio.
Return for Risk
VNLA vs. FDAAX — Risk / Return Rank
VNLA
FDAAX
VNLA vs. FDAAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Short Duration Income ETF (VNLA) and Franklin Floating Rate Daily Access Fund (FDAAX). 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.
| VNLA | FDAAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 6.55 | 1.03 | +5.52 |
Sortino ratioReturn per unit of downside risk | 11.33 | 1.65 | +9.67 |
Omega ratioGain probability vs. loss probability | 3.14 | 1.27 | +1.87 |
Calmar ratioReturn relative to maximum drawdown | 10.06 | 1.68 | +8.39 |
Martin ratioReturn relative to average drawdown | 44.83 | 5.60 | +39.23 |
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
| VNLA | FDAAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 6.55 | 1.03 | +5.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 3.56 | 1.85 | +1.71 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.18 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.06 | 1.21 | +0.85 |
Correlation
The correlation between VNLA and FDAAX 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.
Dividends
VNLA vs. FDAAX - Dividend Comparison
VNLA's dividend yield for the trailing twelve months is around 4.87%, less than FDAAX's 7.40% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VNLA Janus Henderson Short Duration Income ETF | 4.87% | 4.84% | 4.97% | 3.95% | 4.35% | 1.67% | 1.21% | 3.13% | 2.43% | 1.79% | 0.08% | 0.00% |
FDAAX Franklin Floating Rate Daily Access Fund | 7.40% | 8.00% | 9.42% | 7.64% | 5.84% | 3.73% | 5.07% | 5.62% | 5.18% | 3.79% | 4.57% | 4.71% |
Drawdowns
VNLA vs. FDAAX - Drawdown Comparison
The maximum VNLA drawdown since its inception was -4.49%, smaller than the maximum FDAAX drawdown of -25.74%. Use the drawdown chart below to compare losses from any high point for VNLA and FDAAX.
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Drawdown Indicators
| VNLA | FDAAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.49% | -25.74% | +21.25% |
Max Drawdown (1Y)Largest decline over 1 year | -0.47% | -2.13% | +1.66% |
Max Drawdown (5Y)Largest decline over 5 years | -1.76% | -6.22% | +4.46% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.08% | — |
Current DrawdownCurrent decline from peak | -0.23% | -1.60% | +1.37% |
Average DrawdownAverage peak-to-trough decline | -0.24% | -1.52% | +1.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.11% | 0.68% | -0.57% |
Volatility
VNLA vs. FDAAX - Volatility Comparison
The current volatility for Janus Henderson Short Duration Income ETF (VNLA) is 0.28%, while Franklin Floating Rate Daily Access Fund (FDAAX) has a volatility of 0.92%. This indicates that VNLA experiences smaller price fluctuations and is considered to be less risky than FDAAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VNLA | FDAAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.28% | 0.92% | -0.64% |
Volatility (6M)Calculated over the trailing 6-month period | 0.45% | 2.36% | -1.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.72% | 3.38% | -2.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.04% | 3.31% | -2.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.44% | 3.83% | -2.39% |