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JAAA vs JBBB: Differences, Returns & Fees

Over the year JAAA and JBBB finished level, +4.9% against +4.9%, and JAAA charges 0.20% to JBBB's 0.47%. Net assets: $32.5bn on Oct 20, 2026 for Janus Henderson AAA CLO ETF, and $1.4bn on Jul 31, 2026 for Janus Henderson B-BBB CLO ETF.

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Answers cite the figures on this page.

JAAA costs 0.27 points a year less; both returned +4.9% over a year; JAAA is far larger, $29.2bn against $1.4bn.

JAAA vs JBBB: Differences, Returns & Fees
JAAAJBBB
Expense ratio0.20%0.47%
Net assets, as of Jul 31, 2026$29.2bn$1.4bn
Total return, 1 year+4.9%+4.9%
What it tracksNo index, actively managedNo index, actively managed
Holdings in common0%

Holdings in common uses holdings dated Jul 31, 2026.

+4.9%
JAAA total return, 1 year
+4.9%
JBBB total return, 1 year
0.20%
JAAA expense ratio
0.47%
JBBB expense ratio

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Client brief · page 1 of 2Report BR-9297A57CE5

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

  1. Holdings in common. 0% of the weight is in the same securities (holdings dated Jul 31, 2026).
  2. Cost. JAAA charges 0.20% of assets a year and JBBB 0.47%, a gap of 0.27 points.
  3. Size. JAAA has $29.2bn in net assets and JBBB $1.4bn (net assets, as of Jul 31, 2026); JAAA is 20.9 times larger.

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, JAAA and JBBB hold 0% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026.

half

0% in common

Positions both hold, largest shared weight first
Holding JAAA JBBB
Only in JAAA
KKR CLO 35 Ltd., Series 35A, Class AR, due Jan 20, 2038 0.85%
AB BSL CLO 1 Ltd., Series 2020-1A, Class A1R2, due Oct 15, 2038 0.78%
Anchorage Capital CLO 16 Ltd., Series 2020-16A, Class A1R2, due Jan 19, 2038 0.73%
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%
Carlyle US CLO Ltd., Series 2021-8A, Class A1R, due Oct 15, 2038 0.62%
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%
Only in JBBB
Janus Henderson AAA CLO ETF 3.56%
Tikehau US CLO VII Ltd., Series 2025-1A, Class D1, due Feb 25, 2038 1.79%
Regatta XVIII Funding Ltd., Series 2021-1A, Class D1R, due Apr 15, 2038 1.63%
Palmer Square CLO Ltd., Series 2024-2A, Class D1R, due Jul 20, 2038 1.42%
Tikehau US CLO VI Ltd., Series 2024-1A, Class D1, due Jul 18, 2037 1.41%
Sound Point CLO 2025R-1 Ltd., Series 2025-1RA, Class D1, due Feb 20, 2038 1.18%
AGL CLO 39 Ltd., Series 2025-39A, Class D1, due Apr 20, 2038 1.11%
Regatta X Funding Ltd., Series 2017-3A, Class D1R2, due Jul 17, 2037 1.10%

Check overlap with more funds →

On the same fields

JAAA
Janus Henderson AAA CLO ETF
JBBB
Janus Henderson B-BBB CLO ETF
Where it sits Bond ETF Bond ETF
Issuer Janus Henderson Janus Henderson
What it is Actively managed Actively managed
Total return, 1 year +4.9% +4.9%
Expense ratio 0.20% 0.47%
Holdings 598 239
Net assets, JAAA as of Oct 20, 2026 and JBBB as of Jul 31, 2026 $32.5bn $1.4bn

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

About JAAA

JAAA is actively managed and tracks no index. Over the year to Oct 20, 2026 it returned +4.9% with distributions reinvested. The prospectus expense ratio is 0.20% a year.

About JBBB

JBBB is actively managed and tracks no index. The prospectus expense ratio is 0.47% a year.

Questions people ask

Which returned more over the last year, JAAA or JBBB?
In the year to Oct 20, 2026, with distributions reinvested, JAAA returned +4.9% and JBBB +4.9%.
Which is cheaper, JAAA or JBBB?
JAAA is cheaper, by 0.27 percentage points a year. That is about $27 on $10,000 held for a year. Fees come from each fund's prospectus.
Other comparisons
JAAA vs JNKJAAA vs USHYHYG vs JAAACLOA vs JAAAANGL vs JBBBHFSI vs JBBBJBBB vs USHYHYG vs JBBB
JAAA on its own →JBBB on its own →Hold both: look the portfolio through →Rankings →JAAA dividend history →JAAA holdings →JBBB dividend history →JBBB holdings →Standards and sources →
Where these figures came from
JAAA and JBBB filings on SEC EDGAR ↗JAAA and JBBB prospectus with the expense ratio (SEC) ↗Janus Henderson page for JAAA ↗Janus Henderson website ↗

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

Open data

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