Compare/Updated Oct 26, 2026, refreshed every trading day
PAAA vs JAAA
PGIM AAA CLO ETF against Janus Henderson AAA CLO ETF: 3 years of returns, risk and today’s technical read, from Kavout’s own data.
PAAA did slightly better than JAAA over the period from Jul 26, 2023 to Oct 23, 2026: $1,000 grew to $1,221 versus $1,216, for total returns of 22.1% and 21.6%, respectively. PAAA also led across the latest 1-, 3-, and 6-month periods, YTD, and the 3-year period, while the funds were tied over 1 year. The advantage came with lower risk: PAAA’s 12-month volatility was 0.5% versus 0.7% for JAAA, and its worst drawdown was -1.0% versus -1.5%. PAAA’s lower 0.19% expense ratio versus 0.20% for JAAA may also have helped marginally. The difference was modest—PAAA won 23 of the last 39 months, with a typical monthly gap of only 0.05 points—so both delivered similar, relatively stable results.
- Price is above its 200-day average ($51); 50-day at $51.
- RSI 84, overbought. Supertrend says buy. ADX 79, so the trend is strong.
- Price is above its 200-day average ($50); 50-day at $50.
- RSI 90, overbought. Supertrend says buy. ADX 64, so the trend is strong.
Head to head
Which has returned more, PAAA or JAAA?
PAAA beat JAAA in 23 of the last 39 months; JAAA won the other 16. The typical monthly gap was 0.05 points.
Total return by period
Which is riskier?
PAAA: Apr 1, 2025 to Apr 10, 2025; JAAA: Apr 2, 2025 to Apr 10, 2025
- 0.636
- correlation of daily moves, 3 years
- 0.50
- PAAA move per 1% in JAAA
- 0.392
- correlation, last 12 months
Month by month
Of the last 39 months. The typical gap was 0.05 points.
When did they diverge?
| Month | PAAA | JAAA | Gap |
|---|---|---|---|
| February 2026 | +0.2% | -0.2% | +0.44 pts |
| March 2026 | +0.2% | +0.4% | -0.19 pts |
| October 2023 | +0.6% | +0.4% | +0.16 pts |
| June 2024 | +0.6% | +0.4% | +0.15 pts |
Where the numbers come from. 816 daily adjusted closes per fund from the Kavout market-data API, dividends included. Signals and indicators are Kavout’s own, refreshed nightly. Every figure is calculated from those adjusted closes.
Holdings and fees
What do you actually own with PAAA and JAAA?
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