JAAA vs SCHD
JAAA vs SCHD
Janus Henderson AAA CLO ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. SCHD offers more diversification with 100 holdings.
Side-by-Side Comparison
| Metric | JAAA | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.20% | 0.06% | |
| AUM | $27.2B | $103.7B | |
| Dividend Yield | 5.53% | 3.31% | |
| Holdings | 551 | 104 | |
| YTD Return | +2.56% | +24.08% | |
| 1Y Return | +4.83% | +31.88% | |
| 3Y Return (annualized) | +6.21% | +14.92% | |
| 5Y Return (annualized) | +4.89% | +9.85% | |
| Volatility (annualized) | 1.6% | 13.6% | |
| Max Drawdown | -2.6% | -33.4% | |
| Fund Family | Janus Henderson Investors | Charles Schwab Asset Management | |
| Category | Fixed Income | Equity | |
| Inception | Oct 16, 2020 | Oct 20, 2011 |
JAAA vs SCHD Performance
Janus Henderson AAA CLO ETF (JAAA) is a ETF from Janus Henderson Investors and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year JAAA returned +4.83% while SCHD returned +31.88%. Year to date, JAAA is up 2.56% versus a gain of 24.08% for SCHD.
Over three years, JAAA compounded at +6.21% per year against +14.92% for SCHD; over five years the annualized figures are +4.89% and +9.85% respectively. Across the full 6-year window we track, SCHD has the edge at +11.39% annualized vs +4.49%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 1.6% for JAAA. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -2.6% for JAAA and -33.4% for SCHD. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.17. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
JAAA charges 0.20% per year while SCHD charges 0.06%. On a $10,000 position that is $20 vs $6 annually, a gap of $14 per year that compounds over a long holding period. On income, JAAA currently yields 5.53% against 3.31% for SCHD.
Holdings Overlap
JAAA and SCHD share 0 holdings out of 138 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, JAAA or SCHD?
JAAA has an expense ratio of 0.20% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $14 per year of difference.
Which performed better, JAAA or SCHD?
Over the past year JAAA returned +4.83% vs +31.88% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (6 years), JAAA annualized +4.49% vs +11.39% for SCHD. Past performance does not guarantee future results.
Which is riskier, JAAA or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 1.6% for JAAA. Worst drawdown: JAAA -2.6% vs SCHD -33.4%.
Should I hold both JAAA and SCHD?
JAAA and SCHD have a monthly-return correlation of 0.17, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between JAAA and SCHD?
JAAA and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 138 unique securities.
Which pays a higher dividend, JAAA or SCHD?
JAAA yields 5.53% while SCHD yields 3.31%, so JAAA currently pays the higher dividend yield.
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