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.
ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
iShares is one of the largest ETF providers globally, known for offering a broad, diversified lineup of exchange-traded funds across multiple asset classes and investment strategies. The company operates 215 funds spanning 15 distinct families, including popular offerings in dividend income, covered call strategies, bonds, equities, ESG-focused investments, and factor-based approaches, with widely-held tickers like AGG (bond), ACWI (global equity), and AOA (allocation). iShares is characterized by its comprehensive fund ecosystem that serves both core portfolio holdings and specialized investment strategies, making it a prominent player for investors seeking both traditional and alternative income-generating ETF solutions.
See our curated list of related YouTube videos on SGOV.
Provide exposure to the fund's underlying index or strategy per issuer materials.
Treasury Bond
Asset class
Fixed Income
Fixed Income
Inception date
10/16/2020
05/26/2020
Beta
0.02
-0.0029
Last dividend
$0.2000
$0.2960
Ex-dividend date
06/30/2026
07/01/2026
Bottom lineChoose JAAA if you want higher current income (4.75% vs 3.53% for SGOV). Choose SGOV if you want fixed-income ballast that steadies the portfolio when stocks fall.
Most used
Income calculator
See how much monthly income a hypothetical investment would generate in each ETF at current yields.
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Projections assume the current yield and share price remain constant. Actual results will vary.
Quick verdict
JAAA (Janus Henderson AAA CLO ETF) and SGOV (iShares 0-3 Month Treasury Bond ETF) are both monthly-pay dividend ETFs, but they take different approaches.
JAAA offers the higher yield at 4.75% vs 3.53% for SGOV. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.
SGOV is cheaper with an expense ratio of 0.07% compared to 0.21%.
They track different benchmarks: JAAA is linked to AAA-rated CLOs while SGOV tracks ICE 0-3 Month US Treasury Securities Index, which means their performance drivers differ.
SGOV is the larger fund by assets ($95.2B), which generally means tighter spreads and better liquidity.
Who should choose each?
Choose JAAA
Janus Henderson AAA CLO ETF
Want higher current income — JAAA yields 4.75% vs 3.53% for SGOV.
Want fixed-income ballast that cushions equity drawdowns.
Choose SGOV
iShares 0-3 Month Treasury Bond ETF
Want fixed-income ballast that cushions equity drawdowns.
Want to keep costs low — a 0.07% expense ratio vs 0.21% for JAAA.
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 SGOV would produce $29.42/month, at current distribution rates. Both pay monthly distributions.
JAAA yield4.75%
SGOV yield3.53%
Monthly diff on $10K$10.17
Cost & efficiency
Over 10 years on $10,000, JAAA would cost approximately $210 in fees vs $70 for SGOV (simplified, not compounded). The $140.00 difference may be offset by yield or performance.
JAAA ER0.21%
SGOV ER0.07%
Strategy & risk
JAAA tracks AAA-rated CLOs with a bonds approach, while SGOV tracks ICE 0-3 Month US Treasury Securities Index with a treasury bond approach. Beta is 0.02 for JAAA and -0.0029 for SGOV, indicating SGOV is less volatile relative to the market.
JAAA beta0.02
SGOV beta-0.0029
Fund details
JAAA is managed by Janus Henderson (launched 10/16/2020) with $28.1B in assets. SGOV is managed by iShares (launched 05/26/2020) with $95.2B in assets.
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Frequently asked questions
Is JAAA or SGOV better for dividend income?
It depends on your goals. JAAA 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 SGOV?
JAAA (Janus Henderson AAA CLO ETF) tracks AAA-rated CLOs with a bonds approach, while SGOV (iShares 0-3 Month Treasury Bond ETF) tracks ICE 0-3 Month US Treasury Securities Index with a treasury bond approach. They are issued by Janus Henderson and iShares respectively.
Can I hold both JAAA and SGOV?
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 SGOV?
JAAA has an expense ratio of 0.21% while SGOV charges 0.07%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 in JAAA vs SGOV generate?
At current rates, $10,000 in JAAA would generate roughly $39.58 per month ($475.00 annually). The same in SGOV would produce about $29.42 per month ($353.00 annually).
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