IVV vs JAAA
iShares Core S&P 500 ETF vs Janus Henderson AAA CLO ETF
Which is better, IVV or JAAA?
Large Cap Blend against Investment Grade Bond.
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | IVV | JAAA |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.20% |
| AUM | $886.7B | $27.2B |
| Dividend Yield | 1.10% | 5.35% |
| Holdings | 508 | 596 |
| YTD Return | +13.86%Best | +3.04% |
| 1Y Return | +21.57%Best | +4.80% |
| 3Y Return (annualized) | +21.48%Best | +6.10% |
| 5Y Return (annualized) | +12.88%Best | +4.96% |
| Volatility (annualized) | 15.4% | 1.6%Best |
| Max Drawdown | -24.5% | -2.6%Best |
| $10,000 over 5 years | $18,327Best | $12,739 |
| Fund Family | iShares by BlackRock (US) | Janus Henderson Investors |
| Category | Equity | Fixed Income |
| Style | Large Cap Blend | Investment Grade Bond |
| Inception | May 15, 2000 | Oct 16, 2020 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Oct 19, 2020 to Sep 3, 2026 (5.9 years).
IVV vs JAAA growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 5.9 years both funds cover.
IVV vs JAAA Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Janus Henderson AAA CLO ETF (JAAA) is an ETF from Janus Henderson Investors. Over the past year IVV returned +21.57% while JAAA returned +4.80%. Year to date, IVV is up 13.86% versus a gain of 3.04% for JAAA.
Over three years, IVV compounded at +21.48% per year against +6.10% for JAAA; over five years the annualized figures are +12.88% and +4.96% respectively. Across the full 6-year window we track, IVV has the edge at +16.44% annualized vs +4.51%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.4% 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 -24.5% for IVV and -2.6% for JAAA. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.33. They move together some of the time, and apart the rest.
Fees and Cost Over Time
IVV charges 0.03% per year while JAAA charges 0.20%. On a $10,000 position that is $3 vs $20 annually, a gap of $17 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 5.35% for JAAA.
Holdings Overlap
We hold position weights for 505 holdings in IVV and 25 in JAAA, totalling 100.0% and 3.8% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 505 positions we hold weights for in IVV and 25 in JAAA, against full books of 508 and 596.
You are not choosing between two funds in isolation.
Whichever of IVV and JAAA you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IVV or JAAA?
IVV has an expense ratio of 0.03% while JAAA charges 0.20%. IVV is the cheaper option, by $17 a year on a $10,000 investment.
Which performed better, IVV or JAAA?
Over the past year IVV returned +21.57% vs +4.80% for JAAA, so IVV leads on 1-year performance. Over the longest common window we track (6 years), IVV annualized +16.44% vs +4.51% for JAAA. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or JAAA?
IVV has been the more volatile fund at 15.4% annualized versus 1.6% for JAAA. Worst drawdown: IVV -24.5% vs JAAA -2.6%.
Should I hold both IVV and JAAA?
IVV and JAAA have a monthly-return correlation of 0.33, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, IVV or JAAA?
IVV yields 1.10% while JAAA yields 5.35%, so JAAA currently pays the higher dividend yield.
Is JAAA better than IVV?
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.