Data as of Oct 28, 2026.

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EWY vs JAAA: Differences, Returns & Fees

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Over the year to Oct 28, 2026, EWY returned +79.7% to JAAA's +4.7%; 0% of their weight is in the same names.

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Net assets on Oct 28, 2026: $24.4bn for iShares MSCI South Korea ETF and $32.5bn for Janus Henderson AAA CLO ETF.

At a glance
+79.7%
EWY total return, 1 year
+4.7%
JAAA total return, 1 year
0.59%
EWY expense ratio
0.20%
JAAA expense ratio

Pair scorecard

JAAA costs 0.39 points a year less; their one-year returns differ by 75.0 points; JAAA is 1.3 times larger.

EWY vs JAAA: Differences, Returns & Fees
MeasureEWYJAAA
Return
Total return, 1 year+79.7%+4.7%
Drawdown
Below its high24.3%, high on Jun 18, 2026
Benchmark
What it tracksMSCI Korea 25/50 Daily 25 Capped IndexNo index, actively managed
Cost and size
Expense ratio0.59%0.20%
Net assets$24.4bn$32.5bn
Holdings
Holdings in common0%
In the S&P 500, by weight0%
Top ten holdings, share of the fund60.9%

Holdings in common uses holdings dated Jul 31, 2026 and Oct 27, 2026. Method

Risk and return

Oct 30, 2020 to Oct 23, 2026 · 312 weekly returns
EWY JAAA
Return
Total return edge EWY +161.0% +31.1%
Annualized edge EWY +17.3% +4.6%
Price return edge EWY +133.1% +1.6%
Risk
Volatility edge JAAA 30.7% 1.3%
Max drawdown edge JAAA −49.7% −2.5%
Risk-adjusted
Sharpe edge JAAA 0.57 0.93
Sortino edge JAAA 0.86 1.24
Calmar edge JAAA 0.35 1.82
Reading

EWY returned more: +161.0% to +31.1%. JAAA swung less: 1.3% to 30.7%. JAAA fell less at its worst: −2.5% to −49.7%.

Full scorecard

9 measures, with how each is measured
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Risk and return: EWY vs JAAA: Differences, Returns & Fees
MeasureEWYJAAAEdgeHow it is measured
Return
Total return+161.0%+31.1%EWYPrice change plus distributions, reinvested.
Annualized+17.3%+4.6%EWYTotal return as a yearly rate.
Price return+133.1%+1.6%EWYPrice change alone, distributions left out.
Risk
Volatility30.7%1.3%JAAASpread of weekly returns, annualized. Lower is steadier.
Downside deviation20.2%1.0%JAAALike volatility, counting only weeks below the Treasury bill rate.
Max drawdown−49.7%−2.5%JAAADeepest fall from a high to the low after it.
Risk-adjusted
Sharpe0.570.93JAAAReturn above Treasury bills per unit of volatility.
Sortino0.861.24JAAAReturn above Treasury bills per unit of downside deviation.
Calmar0.351.82JAAAAnnualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 312 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

0%

By the books each fund has filed, EWY and JAAA hold 0% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Oct 27, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first EWY JAAA
Only in one fund ↓
Only in EWY
SAMSUNG ELECTRONICS LTD 23.14%
SK HYNIX 23.11%
SK SQUARE 2.78%
SAMSUNG ELECTRO MECHANICS LTD 2.67%
KB FINANCIAL GROUP 2.06%
SHINHAN FINANCIAL GROUP 1.54%
HYUNDAI MOTOR 1.51%
HANA FINANCIAL GROUP 1.39%
Only in JAAA
KKR CLO 35 Ltd. 0.85%
AB BSL CLO 1 Ltd. 0.79%
Anchorage Capital CLO 16 Ltd. 0.73%
Palmer Square CLO Ltd. 0.69%
Ares LXI CLO Ltd. 0.68%
Carlyle US CLO Ltd. 0.62%
WISE CLO Ltd. 0.62%
Carlyle US CLO Ltd. 0.60%
Check overlap with more funds →

Side by side

EWY iShares MSCI South Korea ETF JAAA Janus Henderson AAA CLO ETF
Where it sits Stock ETF Bond ETF
What it is Tracks the MSCI South Korea Actively managed
Total return, 1 year +79.7% +4.7%
Its benchmark over the same days +16.3% (EEM) not measured
Gap to its benchmark +63.4 pts vs EEM not measured
Expense ratio 0.59% 0.20%
Holdings 78 598
Net assets $24.4bn $32.5bn

EWY and JAAA on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Client brief · page 1 of 2 Report BR-82EF5FD3C2

EWY and JAAA do different jobs. What does each one do in a portfolio?

  1. What each follows. EWY follows MSCI Korea 25/50 Daily 25 Capped Index and JAAA follows No index, actively managed.
  2. Holdings in common. 0% of the weight is in the same securities (holdings dated Oct 27, 2026 and Jul 31, 2026).
  3. One-year total return. Over 1 year to Oct 28, 2026 EWY returned +79.7% and JAAA +4.7% with distributions reinvested, a gap of 75.0 points.

Data as of Oct 28, 2026.

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About each fund
EWY

EWY tracks the MSCI South Korea. Over the year to Oct 28, 2026 it returned +79.7% with distributions reinvested, against +16.3% for its benchmark, the MSCI Emerging Markets Index. The prospectus expense ratio is 0.59% a year. By its holdings published by its issuer for Oct 27, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 78 positions, with the top ten at 60.9%. It sat 24.3% below its high of Jun 18, 2026 on Oct 28, 2026.

JAAA

JAAA is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned +4.7% with distributions reinvested. The prospectus expense ratio is 0.20% a year.

Questions people ask

Which returned more over the last year, EWY or JAAA?
In the year to Oct 28, 2026, with distributions reinvested, EWY returned +79.7% and JAAA +4.7%.
Which is cheaper, EWY or JAAA?
JAAA is cheaper, by 0.39 percentage points a year. That is about $39 on $10,000 held for a year. Fees come from each fund's prospectus.
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ETFIQ, EWY against JAAA, data as of Oct 28, 2026. https://etfiq.com/compare/any/ewy-vs-jaaa

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