Which returned more over the last year, CLOA or JAAA?

In the year to Oct 20, 2026, with distributions reinvested, CLOA returned +5.0% and JAAA +4.9%.

Which is cheaper, CLOA or JAAA?

Neither: CLOA and JAAA both charge 0.20% a year. Fees come from each fund's prospectus.

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CLOA vs JAAA: Differences, Returns & Fees

On Jul 31, 2026 CLOA's duration was 0.2 years and JAAA's 0.0; both charge 0.20%. Net assets on Oct 20, 2026: $2.8bn for iShares AAA CLO Active ETF and $32.5bn for Janus Henderson AAA CLO ETF.

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Answers cite the figures on this page.

Both cost 0.20% a year; their one-year returns differ by 0.1 points; JAAA is 11.7 times larger.

CLOA vs JAAA: Differences, Returns & Fees
	CLOA	JAAA
Expense ratio	0.20%	0.20%
Net assets	$2.8bn	$32.5bn
Total return, 1 year	+5.0%	+4.9%
What it tracks	No index, actively managed	No index, actively managed
Holdings in common	16%

Holdings in common uses holdings dated Jul 31, 2026.

+5.0%

CLOA total return, 1 year

+4.9%

JAAA total return, 1 year

0.20%

CLOA expense ratio

0.20%

JAAA expense ratio

Client brief · page 1 of 2Report BR-751E2F9652

CLOA and JAAA are built for the same job. How do they differ in cost, holdings and results?

Holdings in common. 16% of the weight is in the same securities (holdings dated Jul 31, 2026).
Size. CLOA has $2.8bn in net assets and JAAA $32.5bn (Net assets); JAAA is 11.6 times larger.
What each follows (similar). Both follow No index, actively managed.

Data as of Oct 20, 2026. The differences are picked by a fixed rule, in a fixed order; the PDF prints it. Page 2 has the returns, overlap, risks and sources.

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What they hold in common

By the books each fund has filed, CLOA and JAAA hold 16% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026.

50%

half

16% in common

Positions both hold, largest shared weight first

Holding CLOA JAAA

Anchorage Capital Clo 16 Ltd, due Jan 19, 2038 0.73% 0.73%

KKR CLO 35 Ltd, due Jan 20, 2038 0.69% 0.85%

Elmwood CLO 28 Ltd, due Apr 17, 2037 0.91% 0.51%

Neuberger Berman Loan Advisers Clo 40 Ltd, due Oct 16, 2037 0.50% 0.48%

Ares LXIX CLO Ltd, due Apr 15, 2036 0.45% 0.51%

AB BSL CLO 7 Ltd, due Jan 15, 2039 0.91% 0.43%

Silver Point CLO 14 Ltd, due Jan 15, 2039 0.45% 0.39%

AMMC CLO 25 Ltd, due Oct 15, 2038 0.47% 0.37%

Regatta 32 Funding Ltd, due Jul 25, 2038 0.45% 0.37%

Ares Loan Funding IX Ltd, due Mar 31, 2038 0.40% 0.36%

CBAMR 2021-14 LTD, due Oct 20, 2038 0.48% 0.35%

Sycamore Tree CLO 2021-1 Ltd, due Jan 20, 2038 0.34% 0.35%

Only in CLOA

TPG CLO 2025-2 Ltd, due Jan 21, 2039 0.91%

KKR CLO 67 Ltd, due Jul 15, 2039 0.91%

ARES Loan Funding I Ltd, due Apr 15, 2039 0.91%

Bain Capital Credit CLO 2024-1 Ltd, due Apr 16, 2039 0.90%

KKR CLO 43 Ltd, due Apr 15, 2038 0.88%

New Mountain CLO 7 Ltd, due Mar 31, 2038 0.86%

Carlyle US CLO 2022-3 Ltd, due Apr 20, 2039 0.83%

Abry Liquid Credit CLO 2025-2 Ltd, due Jan 15, 2038 0.77%

Only in JAAA

AB BSL CLO 1 Ltd., Series 2020-1A, Class A1R2, due Oct 15, 2038 0.78%

Palmer Square CLO Ltd., Series 2018-2A, Class A1R2, due Apr 16, 2037 0.68%

Ares LXI CLO Ltd., Series 2021-61A, Class A1R2, due Apr 20, 2037 0.68%

WISE CLO Ltd., Series 2024-1A, Class AR, due Apr 15, 2037 0.62%

Magnetite XXXII Ltd., Series 2022-32A, Class AR, due Oct 15, 2037 0.60%

Carlyle US CLO Ltd., Series 2021-10A, Class A1R, due Jan 20, 2038 0.60%

Regatta XIX Funding Ltd., Series 2022-1A, Class A1R, due Oct 20, 2038 0.60%

Oaktree CLO Ltd., Series 2019-4A, Class AR3, due Jul 20, 2037 0.60%

Check overlap with more funds →

On the same fields

CLOA

iShares AAA CLO Active ETF

JAAA

Janus Henderson AAA CLO ETF

Where it sits Bond ETF Bond ETF

Issuer iShares Janus Henderson

What it is Actively managed Actively managed

Total return, 1 year +5.0% +4.9%

Expense ratio 0.20% 0.20%

Holdings 450 598

Net assets $2.8bn $32.5bn

CLOA and JAAA on the fields both publish, as of Oct 20, 2026. Source: ETFIQ.

About CLOA

CLOA is actively managed and tracks no index. Over the year to Oct 20, 2026 it returned +5.0% with distributions reinvested. The prospectus expense ratio is 0.20% a year.

About JAAA

JAAA is actively managed and tracks no index. Over the year to Oct 20, 2026 it returned +4.9% with distributions reinvested.

Questions people ask

Which returned more over the last year, CLOA or JAAA?: In the year to Oct 20, 2026, with distributions reinvested, CLOA returned +5.0% and JAAA +4.9%.
Which is cheaper, CLOA or JAAA?: Neither: CLOA and JAAA both charge 0.20% a year. Fees come from each fund's prospectus.

Other comparisons

CLOA vs CLOI CLOA vs PAAA JAAA vs PAAA CLOI vs JAAA EDV vs JAAA JAAA vs JNK IGIB vs JAAA JAAA vs JBBB

CLOA on its own →JAAA on its own →Hold both: look the portfolio through →Rankings →CLOA dividend history →CLOA holdings →JAAA dividend history →JAAA holdings →Standards and sources →

Where these figures came from

CLOA filings on SEC EDGAR ↗CLOA prospectus with the expense ratio (SEC) ↗iShares page for CLOA ↗JAAA filings on SEC EDGAR ↗JAAA prospectus with the expense ratio (SEC) ↗Janus Henderson page for JAAA ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Cite this pageCitation, APA and Markdown

ETFIQ, CLOA against JAAA, data as of Oct 20, 2026. https://etfiq.com/compare/any/cloa-vs-jaaa

Open data

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.