WACPX vs. JAAA
Compare and contrast key facts about Western Asset Core Plus Bond Fund Class I (WACPX) and Janus Henderson AAA CLO ETF (JAAA).
WACPX is managed by Franklin Templeton. It was launched on Jul 8, 1998. JAAA is an actively managed fund by Janus Henderson. It was launched on Oct 16, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: WACPX or JAAA.
Key characteristics
| WACPX | JAAA | |
|---|---|---|
| YTD Return | 0.69% | 6.46% |
| 1Y Return | 10.08% | 8.02% |
| 3Y Return (Ann) | -4.74% | 5.15% |
| Sharpe Ratio | 1.23 | 10.61 |
| Sortino Ratio | 1.79 | 22.76 |
| Omega Ratio | 1.22 | 6.98 |
| Calmar Ratio | 0.38 | 24.78 |
| Martin Ratio | 4.03 | 250.79 |
| Ulcer Index | 2.20% | 0.03% |
| Daily Std Dev | 7.19% | 0.76% |
| Max Drawdown | -26.54% | -2.60% |
| Current Drawdown | -15.40% | 0.00% |
Correlation
The correlation between WACPX and JAAA is 0.04, 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
WACPX vs. JAAA - Performance Comparison
In the year-to-date period, WACPX achieves a 0.69% return, which is significantly lower than JAAA's 6.46% 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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WACPX vs. JAAA - Expense Ratio Comparison
WACPX has a 0.45% expense ratio, which is higher than JAAA's 0.21% expense ratio.
Risk-Adjusted Performance
WACPX vs. JAAA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Western Asset Core Plus Bond Fund Class I (WACPX) 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.
Dividends
WACPX vs. JAAA - Dividend Comparison
WACPX's dividend yield for the trailing twelve months is around 4.64%, less than JAAA's 6.40% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WACPX Western Asset Core Plus Bond Fund Class I | 4.64% | 4.23% | 3.49% | 2.72% | 2.71% | 3.69% | 3.54% | 3.03% | 3.74% | 3.18% | 3.45% | 3.21% |
JAAA Janus Henderson AAA CLO ETF | 6.40% | 6.10% | 2.77% | 1.21% | 0.26% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
WACPX vs. JAAA - Drawdown Comparison
The maximum WACPX drawdown since its inception was -26.54%, which is greater than JAAA's maximum drawdown of -2.60%. Use the drawdown chart below to compare losses from any high point for WACPX and JAAA. For additional features, visit the drawdowns tool.
Volatility
WACPX vs. JAAA - Volatility Comparison
Western Asset Core Plus Bond Fund Class I (WACPX) has a higher volatility of 1.67% compared to Janus Henderson AAA CLO ETF (JAAA) at 0.17%. This indicates that WACPX'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.