VNLA vs. NVDA

Last updated Jun 13, 2026

VNLA (Janus Henderson Short Duration Income ETF) is Ultrashort Bond fund tracking the FTSE 3-Month U.S. Treasury Bill Index, while NVDA (NVIDIA Corporation) is a stock. Over the past 5 years, VNLA returned 3.83%/yr vs 63.13%/yr for NVDA. At a 0.01 correlation, their price movements are largely independent.

Performance

VNLA vs. NVDA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Janus Henderson Short Duration Income ETF (VNLA) and NVIDIA Corporation (NVDA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VNLA achieves a 1.59% return, which is significantly lower than NVDA's 10.16% return.

VNLA

• 1D: 0.02%
• 1M: 0.39%
• YTD: 1.59%
• 6M: 1.85%
• 1Y: 4.77%
• 3Y*: 5.79%
• 5Y*: 3.83%
• 10Y*: —

NVDA

• 1D: 0.16%
• 1M: -12.86%
• YTD: 10.16%
• 6M: 17.38%
• 1Y: 44.72%
• 3Y*: 71.13%
• 5Y*: 63.13%
• 10Y*: 67.95%

*Multi-year figures are annualized to reflect compound growth (CAGR)

VNLA vs. NVDA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VNLA Janus Henderson Short Duration Income ETF	1.59%	5.45%	6.41%	6.09%	-0.17%	-0.18%	3.01%	4.43%	0.02%	2.11%
NVDA NVIDIA Corporation	10.16%	38.92%	171.25%	239.02%	-50.26%	125.48%	122.30%	76.94%	-30.82%	81.99%

Correlation

The correlation between VNLA and NVDA is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.05
Correlation (3Y) Calculated over the trailing 3-year period	0.03
Correlation (5Y) Calculated over the trailing 5-year period	0.03
Correlation (All Time) Calculated using the full available price history since Nov 17, 2016	0.01

Return for Risk

VNLA vs. NVDA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VNLA

VNLA Risk / Return Rank: 99
VNLA Sharpe Ratio Rank: 99
VNLA Sortino Ratio Rank: 99
VNLA Omega Ratio Rank: 99
VNLA Calmar Ratio Rank: 98
VNLA Martin Ratio Rank: 98

NVDA

NVDA Risk / Return Rank: 75
NVDA Sharpe Ratio Rank: 78
NVDA Sortino Ratio Rank: 73
NVDA Omega Ratio Rank: 71
NVDA Calmar Ratio Rank: 77
NVDA Martin Ratio Rank: 77

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VNLA vs. NVDA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Short Duration Income ETF (VNLA) and NVIDIA Corporation (NVDA). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	VNLA	NVDA	Difference
Sharpe ratio: Return per unit of total volatility	7.54	1.20	+6.34
Sortino ratio: Return per unit of downside risk	15.49	1.75	+13.73
Omega ratio: Gain probability vs. loss probability	3.56	1.21	+2.35
Calmar ratio: Return relative to maximum drawdown	11.10	2.07	+9.03
Martin ratio: Return relative to average drawdown	57.09	4.94	+52.14

VNLA vs. NVDA - Sharpe Ratio Comparison

The current VNLA Sharpe Ratio is 7.54, which is higher than the NVDA Sharpe Ratio of 1.20. The chart below compares the historical Sharpe Ratios of VNLA and NVDA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

VNLA vs. NVDA - Drawdown Comparison

The maximum VNLA drawdown since its inception was -4.49%, smaller than the maximum NVDA drawdown of -89.72%. Use the drawdown chart below to compare losses from any high point for VNLA and NVDA.

Drawdown Indicators

	VNLA	NVDA	Difference
Max Drawdown Largest peak-to-trough decline	-4.49%	-89.72%	+85.23%
Max Drawdown (1Y) Largest decline over 1 year	-0.43%	-20.21%	+19.78%
Max Drawdown (3Y) Largest decline over 3 years	-0.49%	-36.88%	+36.39%
Max Drawdown (5Y) Largest decline over 5 years	-1.76%	-66.34%	+64.58%
Max Drawdown (10Y) Largest decline over 10 years	—	-66.34%	—
Current Drawdown Current decline from peak	0.00%	-12.86%	+12.86%
Average Drawdown Average peak-to-trough decline	-0.23%	-36.18%	+35.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.08%	8.46%	-8.38%

Volatility

VNLA vs. NVDA - Volatility Comparison

The current volatility for Janus Henderson Short Duration Income ETF (VNLA) is 0.15%, while NVIDIA Corporation (NVDA) has a volatility of 13.26%. This indicates that VNLA experiences smaller price fluctuations and is considered to be less risky than NVDA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VNLA	NVDA	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.15%	13.26%	-13.11%
Volatility (6M) Calculated over the trailing 6-month period	0.46%	26.67%	-26.21%
Volatility (1Y) Calculated over the trailing 1-year period	0.63%	35.00%	-34.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.04%	51.76%	-50.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.42%	49.84%	-48.42%

Dividends

VNLA vs. NVDA - Dividend Comparison

VNLA's dividend yield for the trailing twelve months is around 4.77%, more than NVDA's 0.14% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NVDA NVIDIA Corporation	0.14%	0.02%	0.03%	0.03%	0.11%	0.05%	0.12%	0.27%	0.46%	0.29%	0.45%	1.20%
VNLA Janus Henderson Short Duration Income ETF	4.77%	4.84%	4.97%	3.95%	4.35%	1.67%	1.21%	3.13%	2.43%	1.79%	0.08%	0.00%

Frequently Asked Questions

Can I hold both VNLA and NVDA in my portfolio?

VNLA and NVDA have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VNLA or NVDA?

NVDA has higher volatility (13.26%) compared to VNLA (0.15%). In terms of maximum drawdown, VNLA dropped -4.49% vs NVDA's -89.72%.

Which has better risk-adjusted returns?

VNLA currently has the higher Sharpe Ratio (7.54 vs 1.20), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.