ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
Janus Henderson operates a focused ETF lineup of six funds primarily concentrated in fixed-income and income-generating strategies. Their portfolio includes bond-focused funds across credit qualities (JAAA, JBBB, JMBS), an income-oriented equity fund (JSI), and specialized offerings like a Japanese equity fund (JUDO) and a non-leveraged alternatives fund (VNLA). The issuer targets investors seeking steady income streams and diversified exposure across traditional and alternative asset classes.
See our curated list of related YouTube videos on JAAA and JBBB.
Provide exposure to the fund's underlying index or strategy per issuer materials.
Actively managed ETF that invests in CLO tranches rated B- to BBB+, providing floating-rate exposure to help limit interest rate risk.
Asset class
Fixed Income
Fixed Income
Inception date
10/16/2020
01/11/2022
Beta
0.02
0.19
Last dividend
$0.2000
$0.2308
Ex-dividend date
06/30/2026
06/30/2026
Bottom lineChoose JAAA if you want fixed-income ballast that steadies the portfolio when stocks fall. Choose JBBB if you want higher current income (5.84% vs 4.75% for JAAA).
Most used
Income calculator
See how much monthly income a hypothetical investment would generate in each ETF at current yields.
Want to go deeper?
Add these ETFs to a sample portfolio and forecast your dividend income over 5+ years — no signup required.
Projections assume the current yield and share price remain constant. Actual results will vary.
Total returns
JAAA and JBBB are virtually tied over the trailing twelve months, at 4.11% and 4.10% total returns. Over the past 3 years, JBBB has compounded at 8.46% a year, ahead of JAAA at 6.24%. JAAA has been the steadier holding, though — annualized volatility of 1.3% against 3.8% for JBBB. Figures are total returns: price change plus every distribution reinvested.
Total return with all distributions reinvested on the ex-dividend date, split-adjusted, as of July 10, 2026. YTD and 1Y are cumulative; longer windows are annualized. “Since Jan 2022” measures every fund from January 12, 2022 — the youngest fund's first trading day — so all funds share one comparison window. Volatility is the annualized standard deviation of daily total returns over the trailing 3 years. Sharpe and Sortino divide the annualized return in excess of the risk-free rate by, respectively, that volatility and the downside deviation (both over the trailing 3 years) — higher is better. Max drawdown is the largest peak-to-trough total-return decline over the same window — shallower is better.
Quick verdict
JAAA (Janus Henderson AAA CLO ETF) and JBBB (Janus Henderson B-BBB CLO ETF) are both monthly-pay dividend ETFs, but they take different approaches.
JBBB offers the higher yield at 5.84% vs 4.75% for JAAA. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.
JAAA is cheaper with an expense ratio of 0.21% compared to 0.49%.
JAAA is the larger fund by assets ($28.1B), which generally means tighter spreads and better liquidity.
Who should choose each?
Choose JAAA
Janus Henderson AAA CLO ETF
Want fixed-income ballast that cushions equity drawdowns.
Want to keep costs low — a 0.21% expense ratio vs 0.49% for JBBB.
Prefer lower volatility — a beta of 0.0 vs 0.2 for JBBB.
Choose JBBB
Janus Henderson B-BBB CLO ETF
Want higher current income — JBBB yields 5.84% vs 4.75% for JAAA.
Want fixed-income ballast that cushions equity drawdowns.
Not sure? Use the income calculator and snapshot above to weigh these trade-offs against your own goals.
Deep dive
Yield & income
On a $10,000 investment, JAAA would generate roughly $39.58/month, while JBBB would produce $48.67/month, at current distribution rates. Both pay monthly distributions.
JAAA yield4.75%
JBBB yield5.84%
Monthly diff on $10K$9.08
Cost & efficiency
Over 10 years on $10,000, JAAA would cost approximately $210 in fees vs $490 for JBBB (simplified, not compounded). The $280.00 difference may be offset by yield or performance.
JAAA ER0.21%
JBBB ER0.49%
Strategy & risk
JAAA tracks AAA-rated CLOs with a bonds approach, while JBBB is an ETF. Beta is 0.02 for JAAA and 0.19 for JBBB, indicating JAAA is less volatile relative to the market.
JAAA beta0.02
JBBB beta0.19
Fund details
JAAA is managed by Janus Henderson (launched 10/16/2020) with $28.1B in assets. JBBB is managed by Janus Henderson (launched 01/11/2022) with $1.21B in assets.
Do us a favor — if you found this comparison useful, please share it with a friend researching dividend ETFs.
Frequently asked questions
Is JAAA or JBBB better for dividend income?
It depends on your goals. JBBB currently offers the higher distribution yield, which means more income per dollar invested. However, a lower-yield fund may offer better total return or lower volatility. Consider your time horizon and risk tolerance.
What is the difference between JAAA and JBBB?
JAAA (Janus Henderson AAA CLO ETF) tracks AAA-rated CLOs with a bonds approach, while JBBB (Janus Henderson B-BBB CLO ETF) is an ETF. They are issued by Janus Henderson and Janus Henderson respectively.
Can I hold both JAAA and JBBB?
Yes — nothing prevents holding both. Whether the combination actually diversifies depends on how much the underlying exposures overlap, which isn't fully measurable from the data on this page; review each security's holdings, sector, and strategy before treating them as complementary.
Which has lower fees, JAAA or JBBB?
JAAA has an expense ratio of 0.21% while JBBB charges 0.49%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 in JAAA vs JBBB generate?
At current rates, $10,000 in JAAA would generate roughly $39.58 per month ($475.00 annually). The same in JBBB would produce about $48.67 per month ($584.00 annually).
Which has performed better historically, JAAA or JBBB?
JAAA and JBBB are virtually tied over the trailing twelve months, at 4.11% and 4.10% total returns. Over the past 3 years, JBBB has compounded at 8.46% a year, ahead of JAAA at 6.24%. JAAA has been the steadier holding, though — annualized volatility of 1.3% against 3.8% for JBBB. Figures are total returns: price change plus every distribution reinvested. Past performance does not guarantee future results.
Explore related screeners
Lateral filters that include these funds — browse the full peer set on DividendVision.
Still deciding? Compare them against your own portfolio
See how each ETF fits alongside your real holdings — forecast future income, analyze overlap, and gauge risk. Start a free 7-day Dividend Vision trial and make the call with your full portfolio in view.
