WACPX vs. JAAA
WACPX (Western Asset Core Plus Bond Fund Class I) and JAAA (Janus Henderson AAA CLO ETF) are both funds - WACPX is a Total Bond Market fund managed by Franklin Templeton, while JAAA is a CLO fund actively managed by Janus Henderson. Over the past 5 years, WACPX returned -1.75%/yr vs 4.88%/yr for JAAA. Their 0.03 correlation means their historical movements had little consistent relationship. WACPX charges 0.45%/yr vs 0.20%/yr for JAAA.
Performance
WACPX vs. JAAA - Performance Comparison
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Returns By Period
In the year-to-date period, WACPX achieves a -0.88% return, which is significantly lower than JAAA's 2.60% return.
WACPX
- 1D
- 0.11%
- 1M
- -1.31%
- 6M
- -1.27%
- YTD
- -0.88%
- 1Y
- 1.73%
- 3Y*
- 3.09%
- 5Y*
- -1.75%
- 10Y*
- 1.45%
- ALL TIME*
- 4.70%
JAAA
- 1D
- 0.06%
- 1M
- 0.30%
- 6M
- 2.05%
- YTD
- 2.60%
- 1Y
- 4.89%
- 3Y*
- 6.20%
- 5Y*
- 4.88%
- 10Y*
- —
- ALL TIME*
- 4.53%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $257.93M | $255.22M | $259.12M | |
| $0.00 | $0.00 | $0.00 |
WACPX vs. JAAA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
WACPX Western Asset Core Plus Bond Fund Class I | -0.88% | 7.99% | -0.77% | 7.51% | -18.79% | -2.24% | 2.91% |
JAAA Janus Henderson AAA CLO ETF | 2.60% | 5.16% | 7.43% | 8.59% | 0.49% | 1.39% | 0.76% |
Correlation
The correlation between WACPX and JAAA is 0.06, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.06 |
Correlation (3Y) Balances recent behavior with more history. | 0.00 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.03 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2020 | 0.03 |
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Return for Risk
WACPX vs. JAAA — Risk / Return Rank
WACPX
JAAA
WACPX vs. JAAA - Risk-Adjusted Trends 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.
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.
| WACPX | JAAA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.45 | ||
| Sortino ratioReturn per unit of downside risk | -9.11 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 2.84 | -1.71 |
| Calmar ratioReturn relative to maximum drawdown | 0.85 | 12.63 | -11.78 |
| Martin ratioReturn relative to average drawdown | 2.19 | 68.67 | -66.47 |
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Drawdowns
WACPX vs. JAAA - Drawdown Comparison
The maximum WACPX drawdown since its inception was -25.86%, which is greater than JAAA's maximum drawdown of -2.64%. Use the drawdown chart below to compare losses from any high point for WACPX and JAAA.
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Drawdown Indicators
| WACPX | JAAA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.86% | -2.64% | -23.22% |
Max Drawdown (1Y)Largest decline over 1 year | -3.60% | -0.39% | -3.21% |
Max Drawdown (3Y)Largest decline over 3 years | -8.14% | -1.46% | -6.68% |
Max Drawdown (5Y)Largest decline over 5 years | -25.46% | -2.64% | -22.82% |
Max Drawdown (10Y)Largest decline over 10 years | -25.86% | — | — |
Current DrawdownCurrent decline from peak | -9.36% | 0.00% | -9.36% |
Average DrawdownAverage peak-to-trough decline | -3.64% | -0.24% | -3.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.38% | 0.07% | +1.31% |
Volatility
WACPX vs. JAAA - Volatility Comparison
Western Asset Core Plus Bond Fund Class I (WACPX) has a higher volatility of 0.96% compared to Janus Henderson AAA CLO ETF (JAAA) at 0.16%. 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.
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Volatility by Period
| WACPX | JAAA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.96% | 0.16% | +0.80% |
Volatility (6M)Calculated over the trailing 6-month period | 3.27% | 0.62% | +2.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.13% | 0.79% | +3.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.41% | 1.66% | +5.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.17% | 1.62% | +4.55% |
WACPX vs. JAAA - Expense Ratio Comparison
WACPX has a 0.45% expense ratio, which is higher than JAAA's 0.20% expense ratio.
Dividends
WACPX vs. JAAA - Dividend Comparison
WACPX's dividend yield for the trailing twelve months is around 4.46%, less than JAAA's 5.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JAAA Janus Henderson AAA CLO ETF | 4.93% | 5.30% | 6.35% | 6.11% | 2.74% | 1.21% | 0.26% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
WACPX Western Asset Core Plus Bond Fund Class I | 4.46% | 4.70% | 4.80% | 4.88% | 3.46% | 2.99% | 4.12% | 4.98% | 4.01% | 3.30% | 4.77% | 3.19% |
Frequently Asked Questions
WACPX and JAAA have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WACPX has higher volatility (0.96%) compared to JAAA (0.16%). In terms of maximum drawdown, WACPX dropped -25.86% vs JAAA's -2.64%.
JAAA currently has the higher Sharpe Ratio (6.19 vs 0.74), 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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