Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
JAAA vs XLB: how they differ
JAAA and XLB hold 0% of their weight in the same names, and XLB returned more over the year.
Janus Henderson AAA CLO ETF and State Street(R) Materials Select Sector SPDR(R) ETF.
What they hold in common
By the books each fund has filed, JAAA and XLB hold 0% of their money in the same securities at the same weight.
| Only in JAAA | Only in XLB |
|---|---|
| KKR CLO 35 Ltd. 0.96% | Linde PLC 14.08% |
| AB BSL CLO 1 Ltd. 0.88% | Newmont Corp 5.85% |
| Anchorage Capital CLO 16 Ltd. 0.82% | Freeport-McMoRan Inc 5.31% |
| Anchorage Capital CLO 17 Ltd. 0.80% | Corteva Inc 4.97% |
| Carlyle US CLO Ltd. 0.70% | Sherwin-Williams Co/The 4.95% |
| Carlyle US CLO Ltd. 0.67% | Ecolab Inc 4.73% |
| Regatta XIX Funding Ltd. 0.67% | Vulcan Materials Co 4.72% |
| Magnetite XXXII Ltd. 0.67% | CRH PLC 4.67% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Apr 30, 2026 and Jun 30, 2026.
| JAAA Janus Henderson AAA CLO ETF | XLB State Street(R) Materials Select Sector SPDR(R) ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | Janus | State Street |
| What it is | Henderson AAA CLO | Materials |
| Total return, 1 year | +4.9% | +12.0% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | −12.6 pts | −5.5 pts |
| Expense ratio | 0.20% | 0.08% |
| Already in the S&P 500 | 0.0% | 100.0% |
| Holdings | 600 | 26 |
JAAA in plain words
JAAA is an index equity fund tracking the Henderson AAA CLO. Over the year to Sep 11, 2026 it returned +4.9% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.20% a year. By its holdings filed for Apr 30, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 600 positions, with the top ten at 7.5%.
XLB in plain words
XLB is an index equity fund tracking the Materials. Over the year to Sep 11, 2026 it returned +12.0% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.08% a year. By its holdings filed for Jun 30, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 26 positions, with the top ten at 58.5%. It sat 5.1% below its high of Aug 26, 2026 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, JAAA or XLB?
- In the year to Sep 12, 2026, with distributions reinvested, JAAA returned +4.9% and XLB returned +12.0%, so XLB returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, JAAA or XLB?
- JAAA charges 0.20% a year and XLB charges 0.08%, so XLB is cheaper. Fees come from each fund's prospectus.
- How much do JAAA and XLB overlap with the S&P 500?
- By their latest filed holdings, 0% of JAAA and 100% of XLB by weight is stocks the S&P 500 already holds. Between the two funds, 0% of their books are the same securities at the same weight.
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Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, JAAA against XLB, data as of Sep 12, 2026. https://etfiq.com/compare/any/JAAA-XLB Free to use with attribution; the underlying files are at Open data.
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