JAAA vs VOO
JAAA vs VOO
Janus Henderson AAA CLO ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | JAAA | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.20% | 0.03% | |
| AUM | $27.2B | $979.0B | |
| Dividend Yield | 5.53% | 1.09% | |
| Holdings | 551 | 509 | |
| YTD Return | +2.56% | +13.53% | |
| 1Y Return | +4.83% | +23.65% | |
| 3Y Return (annualized) | +6.21% | +21.27% | |
| 5Y Return (annualized) | +4.89% | +13.52% | |
| Volatility (annualized) | 1.6% | 14.1% | |
| Max Drawdown | -2.6% | -34.3% | |
| Fund Family | Janus Henderson Investors | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Oct 16, 2020 | Sep 7, 2010 |
JAAA vs VOO Performance
Janus Henderson AAA CLO ETF (JAAA) is a ETF from Janus Henderson Investors and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year JAAA returned +4.83% while VOO returned +23.65%. Year to date, JAAA is up 2.56% versus a gain of 13.53% for VOO.
Over three years, JAAA compounded at +6.21% per year against +21.27% for VOO; over five years the annualized figures are +4.89% and +13.52% respectively. Across the full 6-year window we track, VOO has the edge at +13.57% annualized vs +4.49%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% 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 -34.3% for VOO. 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 0.32. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
JAAA charges 0.20% per year while VOO charges 0.03%. On a $10,000 position that is $20 vs $3 annually, a gap of $17 per year that compounds over a long holding period. On income, JAAA currently yields 5.53% against 1.09% for VOO.
Holdings Overlap
JAAA and VOO share 0 holdings out of 543 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 VOO?
JAAA has an expense ratio of 0.20% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $17 per year of difference.
Which performed better, JAAA or VOO?
Over the past year JAAA returned +4.83% vs +23.65% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (6 years), JAAA annualized +4.49% vs +13.57% for VOO. Past performance does not guarantee future results.
Which is riskier, JAAA or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 1.6% for JAAA. Worst drawdown: JAAA -2.6% vs VOO -34.3%.
Should I hold both JAAA and VOO?
JAAA and VOO have a monthly-return correlation of 0.32, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between JAAA and VOO?
JAAA and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 543 unique securities.
Which pays a higher dividend, JAAA or VOO?
JAAA yields 5.53% while VOO yields 1.09%, so JAAA currently pays the higher dividend yield.
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