VNLA vs. SGOV
Compare and contrast key facts about Janus Henderson Short Duration Income ETF (VNLA) and iShares 0-3 Month Treasury Bond ETF (SGOV).
VNLA and SGOV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VNLA is an actively managed fund by Janus Henderson. It was launched on Nov 16, 2016. SGOV is a passively managed fund by iShares that tracks the performance of the ICE 0-3 Month US Treasury Bill Index. It was launched on May 26, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VNLA or SGOV.
Key characteristics
| VNLA | SGOV | |
|---|---|---|
| YTD Return | 1.65% | 1.90% |
| 1Y Return | 5.84% | 5.45% |
| 3Y Return (Ann) | 2.51% | 2.87% |
| Sharpe Ratio | 5.68 | 22.31 |
| Daily Std Dev | 1.04% | 0.25% |
| Max Drawdown | -4.49% | -0.03% |
| Current Drawdown | -0.04% | 0.00% |
Correlation
The correlation between VNLA and SGOV 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
VNLA vs. SGOV - Performance Comparison
In the year-to-date period, VNLA achieves a 1.65% return, which is significantly lower than SGOV's 1.90% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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VNLA vs. SGOV - Expense Ratio Comparison
VNLA has a 0.26% expense ratio, which is higher than SGOV's 0.03% expense ratio. However, 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
VNLA vs. SGOV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Short Duration Income ETF (VNLA) and iShares 0-3 Month Treasury Bond ETF (SGOV). 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
VNLA vs. SGOV - Dividend Comparison
VNLA's dividend yield for the trailing twelve months is around 4.42%, less than SGOV's 5.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
VNLA Janus Henderson Short Duration Income ETF | 4.42% | 3.95% | 4.35% | 1.67% | 1.21% | 3.13% | 3.74% | 1.79% | 0.08% |
SGOV iShares 0-3 Month Treasury Bond ETF | 5.18% | 4.87% | 1.45% | 0.03% | 0.05% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
VNLA vs. SGOV - Drawdown Comparison
The maximum VNLA drawdown since its inception was -4.49%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for VNLA and SGOV. For additional features, visit the drawdowns tool.
Volatility
VNLA vs. SGOV - Volatility Comparison
Janus Henderson Short Duration Income ETF (VNLA) has a higher volatility of 0.33% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.07%. This indicates that VNLA's price experiences larger fluctuations and is considered to be riskier than SGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.