Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
JAAA vs XLF: how they differ
JAAA and XLF hold 0% of their weight in the same names, and XLF returned more over the year.
Janus Henderson AAA CLO ETF and State Street(R) Financial Select Sector SPDR(R) ETF.
What they hold in common
By the books each fund has filed, JAAA and XLF hold 0% of their money in the same securities at the same weight.
| Only in JAAA | Only in XLF |
|---|---|
| KKR CLO 35 Ltd. 0.96% | Berkshire Hathaway Inc 12.10% |
| AB BSL CLO 1 Ltd. 0.88% | JPMorgan Chase & Co 11.57% |
| Anchorage Capital CLO 16 Ltd. 0.82% | Visa Inc 7.51% |
| Anchorage Capital CLO 17 Ltd. 0.80% | Mastercard Inc 5.47% |
| Carlyle US CLO Ltd. 0.70% | Bank of America Corp 4.91% |
| Carlyle US CLO Ltd. 0.67% | Goldman Sachs Group Inc/The 3.94% |
| Regatta XIX Funding Ltd. 0.67% | Wells Fargo & Co 3.34% |
| Magnetite XXXII Ltd. 0.67% | Morgan Stanley 3.31% |
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 | XLF State Street(R) Financial Select Sector SPDR(R) ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | Janus | State Street |
| What it is | Henderson AAA CLO | Financials |
| Total return, 1 year | +4.9% | +7.6% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | −12.6 pts | −9.9 pts |
| Expense ratio | 0.20% | 0.08% |
| Already in the S&P 500 | 0.0% | 100.0% |
| Holdings | 600 | 76 |
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%.
XLF in plain words
XLF is an index equity fund tracking the Financials. Over the year to Sep 11, 2026 it returned +7.6% 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 76 positions, with the top ten at 57.7%.
Questions people ask
- Which returned more over the last year, JAAA or XLF?
- In the year to Sep 12, 2026, with distributions reinvested, JAAA returned +4.9% and XLF returned +7.6%, so XLF returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, JAAA or XLF?
- JAAA charges 0.20% a year and XLF charges 0.08%, so XLF is cheaper. Fees come from each fund's prospectus.
- How much do JAAA and XLF overlap with the S&P 500?
- By their latest filed holdings, 0% of JAAA and 100% of XLF 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 XLF, data as of Sep 12, 2026. https://etfiq.com/compare/any/JAAA-XLF Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources