VNLA vs. VUSB
Compare and contrast key facts about Janus Henderson Short Duration Income ETF (VNLA) and Vanguard Ultra-Short Bond ETF (VUSB).
VNLA and VUSB 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. VUSB is a passively managed fund by Vanguard that tracks the performance of the Bloomberg US Treasury Bellwethers 1-Year. It was launched on Apr 5, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VNLA or VUSB.
Key characteristics
| VNLA | VUSB | |
|---|---|---|
| YTD Return | 5.56% | 4.91% |
| 1Y Return | 7.16% | 6.61% |
| 3Y Return (Ann) | 3.76% | 3.25% |
| Sharpe Ratio | 7.15 | 7.09 |
| Sortino Ratio | 13.51 | 13.98 |
| Omega Ratio | 3.09 | 3.15 |
| Calmar Ratio | 24.82 | 32.42 |
| Martin Ratio | 115.51 | 150.21 |
| Ulcer Index | 0.06% | 0.04% |
| Daily Std Dev | 1.00% | 0.93% |
| Max Drawdown | -4.49% | -1.81% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between VNLA and VUSB is 0.45, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
VNLA vs. VUSB - Performance Comparison
In the year-to-date period, VNLA achieves a 5.56% return, which is significantly higher than VUSB's 4.91% 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. VUSB - Expense Ratio Comparison
VNLA has a 0.26% expense ratio, which is higher than VUSB's 0.10% 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. VUSB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Short Duration Income ETF (VNLA) and Vanguard Ultra-Short Bond ETF (VUSB). 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. VUSB - Dividend Comparison
VNLA's dividend yield for the trailing twelve months is around 4.82%, less than VUSB's 5.16% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
VNLA Janus Henderson Short Duration Income ETF | 4.82% | 3.95% | 4.35% | 1.67% | 1.21% | 3.13% | 3.74% | 1.79% | 0.08% |
VUSB Vanguard Ultra-Short Bond ETF | 5.16% | 4.45% | 1.53% | 0.25% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
VNLA vs. VUSB - Drawdown Comparison
The maximum VNLA drawdown since its inception was -4.49%, which is greater than VUSB's maximum drawdown of -1.81%. Use the drawdown chart below to compare losses from any high point for VNLA and VUSB. For additional features, visit the drawdowns tool.
Volatility
VNLA vs. VUSB - Volatility Comparison
Janus Henderson Short Duration Income ETF (VNLA) has a higher volatility of 0.24% compared to Vanguard Ultra-Short Bond ETF (VUSB) at 0.18%. This indicates that VNLA's price experiences larger fluctuations and is considered to be riskier than VUSB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.