ZBRA vs. JAAA
ZBRA (Zebra Technologies Corporation) is a stock, while JAAA (Janus Henderson AAA CLO ETF) is CLO fund actively managed by Janus Henderson. Over the past 5 years, ZBRA returned -11.86%/yr vs 4.88%/yr for JAAA. Their 0.10 correlation means their historical movements had little consistent relationship.
Performance
ZBRA vs. JAAA - Performance Comparison
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Returns By Period
In the year-to-date period, ZBRA achieves a 21.00% return, which is significantly higher than JAAA's 2.60% return.
ZBRA
- 1D
- 1.82%
- 1M
- 9.97%
- 6M
- 25.04%
- YTD
- 21.00%
- 1Y
- -12.36%
- 3Y*
- 4.87%
- 5Y*
- -11.86%
- 10Y*
- 18.79%
- ALL TIME*
- 13.17%
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 | |
| $214.87M | $186.10M | $241.29M |
ZBRA vs. JAAA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ZBRA Zebra Technologies Corporation | 21.00% | -37.13% | 41.30% | 6.60% | -56.92% | 54.87% | 31.17% |
JAAA Janus Henderson AAA CLO ETF | 2.60% | 5.16% | 7.43% | 8.59% | 0.49% | 1.39% | 0.76% |
Correlation
The correlation between ZBRA and JAAA is 0.13, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.13 |
Correlation (3Y) Balances recent behavior with more history. | 0.12 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.12 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2020 | 0.10 |
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Return for Risk
ZBRA vs. JAAA — Risk / Return Rank
ZBRA
JAAA
ZBRA vs. JAAA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Zebra Technologies Corporation (ZBRA) 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.
| ZBRA | JAAA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -6.49 | ||
| Sortino ratioReturn per unit of downside risk | -10.35 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 2.84 | -1.86 |
| Calmar ratioReturn relative to maximum drawdown | -0.32 | 12.63 | -12.95 |
| Martin ratioReturn relative to average drawdown | -0.52 | 68.67 | -69.18 |
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Drawdowns
ZBRA vs. JAAA - Drawdown Comparison
The maximum ZBRA drawdown since its inception was -73.42%, which is greater than JAAA's maximum drawdown of -2.64%. Use the drawdown chart below to compare losses from any high point for ZBRA and JAAA.
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Drawdown Indicators
| ZBRA | JAAA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.42% | -2.64% | -70.78% |
Max Drawdown (1Y)Largest decline over 1 year | -41.62% | -0.39% | -41.23% |
Max Drawdown (3Y)Largest decline over 3 years | -52.67% | -1.46% | -51.21% |
Max Drawdown (5Y)Largest decline over 5 years | -67.78% | -2.64% | -65.14% |
Max Drawdown (10Y)Largest decline over 10 years | -67.78% | — | — |
Current DrawdownCurrent decline from peak | -52.19% | 0.00% | -52.19% |
Average DrawdownAverage peak-to-trough decline | -27.82% | -0.24% | -27.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.86% | 0.07% | +25.79% |
Volatility
ZBRA vs. JAAA - Volatility Comparison
Zebra Technologies Corporation (ZBRA) has a higher volatility of 10.84% compared to Janus Henderson AAA CLO ETF (JAAA) at 0.16%. This indicates that ZBRA'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
| ZBRA | JAAA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.84% | 0.16% | +10.68% |
Volatility (6M)Calculated over the trailing 6-month period | 32.77% | 0.62% | +32.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.95% | 0.79% | +43.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.89% | 1.66% | +39.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.39% | 1.62% | +37.77% |
Dividends
ZBRA vs. JAAA - Dividend Comparison
ZBRA has not paid dividends to shareholders, while JAAA's dividend yield for the trailing twelve months is around 5.35%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
JAAA Janus Henderson AAA CLO ETF | 4.93% | 5.30% | 6.35% | 6.11% | 2.74% | 1.21% | 0.26% |
ZBRA Zebra Technologies Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ZBRA and JAAA have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ZBRA has higher volatility (10.84%) compared to JAAA (0.16%). In terms of maximum drawdown, ZBRA dropped -73.42% vs JAAA's -2.64%.
JAAA currently has the higher Sharpe Ratio (6.19 vs -0.30), 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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