VYMI vs. JAAA
VYMI (Vanguard International High Dividend Yield ETF) and JAAA (Janus Henderson AAA CLO ETF) are both exchange-traded funds - VYMI is a Dividend fund tracking the FTSE All-World ex US High Dividend Yield Index, while JAAA is a CLO fund actively managed by Janus Henderson. VYMI is passively managed, while JAAA is actively managed. Over the past 5 years, VYMI returned 11.79%/yr vs 4.80%/yr for JAAA. At a 0.12 correlation, their price movements are largely independent. VYMI charges 0.07%/yr vs 0.20%/yr for JAAA.
Performance
VYMI vs. JAAA - Performance Comparison
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Returns By Period
In the year-to-date period, VYMI achieves a 10.04% return, which is significantly higher than JAAA's 1.95% return.
VYMI
- 1D
- 0.24%
- 1M
- -1.37%
- YTD
- 10.04%
- 6M
- 13.58%
- 1Y
- 27.88%
- 3Y*
- 20.99%
- 5Y*
- 11.79%
- 10Y*
- 10.62%
JAAA
- 1D
- 0.02%
- 1M
- 0.35%
- YTD
- 1.95%
- 6M
- 2.57%
- 1Y
- 5.12%
- 3Y*
- 6.67%
- 5Y*
- 4.80%
- 10Y*
- —
VYMI vs. JAAA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
VYMI Vanguard International High Dividend Yield ETF | 10.04% | 38.05% | 7.06% | 17.07% | -7.02% | 15.39% | 16.21% |
JAAA Janus Henderson AAA CLO ETF | 1.95% | 5.16% | 7.43% | 8.59% | 0.49% | 1.39% | 0.79% |
Correlation
The correlation between VYMI and JAAA is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Oct 20, 2020 | 0.12 |
The correlation between VYMI and JAAA shifts across timeframes, from 0.12 (all time) to 0.22 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
VYMI vs. JAAA — Risk / Return Rank
VYMI
JAAA
VYMI vs. JAAA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard International High Dividend Yield ETF (VYMI) 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.
| VYMI | JAAA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.01 | ||
| Sortino ratioReturn per unit of downside risk | -7.40 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 2.77 | -1.38 |
| Calmar ratioReturn relative to maximum drawdown | 2.76 | 13.24 | -10.47 |
| Martin ratioReturn relative to average drawdown | 10.83 | 71.21 | -60.38 |
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
| VYMI | JAAA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.14 | 6.15 | -4.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.80 | 2.88 | -2.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 2.78 | -2.14 |
Drawdowns
VYMI vs. JAAA - Drawdown Comparison
The maximum VYMI drawdown since its inception was -40.00%, which is greater than JAAA's maximum drawdown of -2.64%. Use the drawdown chart below to compare losses from any high point for VYMI and JAAA.
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Drawdown Indicators
| VYMI | JAAA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.00% | -2.64% | -37.36% |
Max Drawdown (1Y)Largest decline over 1 year | -10.14% | -0.39% | -9.75% |
Max Drawdown (3Y)Largest decline over 3 years | -12.84% | -1.46% | -11.38% |
Max Drawdown (5Y)Largest decline over 5 years | -24.05% | -2.64% | -21.41% |
Max Drawdown (10Y)Largest decline over 10 years | -40.00% | — | — |
Current DrawdownCurrent decline from peak | -2.52% | 0.00% | -2.52% |
Average DrawdownAverage peak-to-trough decline | -6.31% | -0.25% | -6.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.58% | 0.07% | +2.51% |
Volatility
VYMI vs. JAAA - Volatility Comparison
Vanguard International High Dividend Yield ETF (VYMI) has a higher volatility of 3.69% compared to Janus Henderson AAA CLO ETF (JAAA) at 0.13%. This indicates that VYMI'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.
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Volatility by Period
| VYMI | JAAA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.69% | 0.13% | +3.56% |
Volatility (6M)Calculated over the trailing 6-month period | 10.94% | 0.64% | +10.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.13% | 0.84% | +12.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.87% | 1.68% | +13.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.88% | 1.64% | +15.24% |
VYMI vs. JAAA - Expense Ratio Comparison
VYMI has a 0.07% expense ratio, which is lower than JAAA's 0.20% 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%.
Dividends
VYMI vs. JAAA - Dividend Comparison
VYMI's dividend yield for the trailing twelve months is around 3.48%, less than JAAA's 4.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
JAAA Janus Henderson AAA CLO ETF | 4.99% | 5.30% | 6.35% | 6.11% | 2.74% | 1.21% | 0.26% | 0.00% | 0.00% | 0.00% | 0.00% |
VYMI Vanguard International High Dividend Yield ETF | 3.48% | 3.68% | 4.84% | 4.58% | 4.70% | 4.30% | 3.22% | 4.20% | 4.29% | 3.21% | 2.39% |
Frequently Asked Questions
VYMI and JAAA have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VYMI has higher volatility (3.69%) compared to JAAA (0.13%). In terms of maximum drawdown, VYMI dropped -40.00% vs JAAA's -2.64%.
On 5-year performance, VYMI leads with 11.79% vs 4.80% for JAAA. On fees, VYMI is cheaper at 0.07% per year. On volatility, JAAA has been the lower-risk option at 0.13%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, VYMI has performed better with a 11.79% return vs 4.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VYMI is cheaper with a 0.07% expense ratio, compared with 0.20% for JAAA.
JAAA has the higher dividend yield at 4.99%, compared with 3.48% for VYMI.
VYMI is categorized as Dividend, while JAAA is CLO. They also come from different issuers: Vanguard and Janus Henderson. Their fees differ too: 0.07% for VYMI and 0.20% for JAAA.
JAAA currently has the higher Sharpe Ratio (6.15 vs 2.14), 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.
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