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

In the year to Oct 28, 2026, with distributions reinvested, JAAA returned +4.7% and LQD −3.4%.

Which is cheaper, JAAA or LQD?

LQD is cheaper, by 0.06 percentage points a year. That is about $6 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

JAAA vs LQD: Differences, Returns & Fees

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JAAA's duration was 0.0 years on Jul 31, 2026 and LQD's 7.7 on Aug 31, 2026; LQD charges 0.14% to JAAA's 0.20%.

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Net assets: $32.5bn on Oct 28, 2026 for Janus Henderson AAA CLO ETF, and $30.6bn on Oct 27, 2026 for iShares iBoxx $ Investment Grade Corporate Bond ETF.

JAAA on its own →LQD on its own →

At a glance

+4.7%

JAAA total return, 1 year

−3.4%

LQD total return, 1 year

0.20%

JAAA expense ratio

0.14%

LQD expense ratio

Pair scorecard

LQD costs 0.06 points a year less; their one-year returns differ by 8.1 points; JAAA is 1.1 times larger.

JAAA vs LQD: Differences, Returns & Fees
Measure	JAAA	LQD
Return
Measure	JAAA	LQD
Total return, 1 year	+4.7%	−3.4%
Drawdown
Measure	JAAA	LQD
Below its high		6.3%, high on Sep 22, 2021
Benchmark
Measure	JAAA	LQD
What it tracks	No index, actively managed	Markit iBoxx USD Liquid Investment Grade Index
Cost and size
Measure	JAAA	LQD
Expense ratio	0.20%	0.14%
Net assets, as of Oct 27, 2026	$32.5bn	$30.6bn
Holdings
Measure	JAAA	LQD
Holdings in common	0%

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

What they share

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

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first JAAA LQD

Only in one fund ↓

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 LQD

Anheuser-Busch Cos LLC / Anheuser-Busch InBev Worldwide Inc, due Feb 1, 2046 0.18%

CVS Health Corp, due Mar 25, 2048 0.17%

T-Mobile USA Inc, due Apr 15, 2030 0.17%

Space Exploration Technologies Corp, due Jul 15, 2031 0.17%

Meta Platforms Inc, due Nov 15, 2035 0.16%

Charter Communications Operating LLC / Charter Communications Operating Capital, due Sep 1, 2038 0.15%

Charter Communications Operating LLC / Charter Communications Operating Capital, due Sep 1, 2041 0.15%

Amazon.com Inc, due Mar 13, 2036 0.14%

Check overlap with more funds →

Side by side

JAAA Janus Henderson AAA CLO ETF LQD iShares iBoxx $ Investment Grade Corporate Bond ETF

Where it sits Bond ETF Bond ETF

Issuer Janus Henderson iShares

What it is Actively managed Tracks an index of US investment grade bonds

Total return, 1 year +4.7% −3.4%

Its benchmark over the same days not measured −1.2% (IUSB)

Gap to its benchmark not measured −2.2 pts vs IUSB

Expense ratio 0.20% 0.14%

Holdings 598 3191

Net assets, JAAA as of Oct 28, 2026 and LQD as of Oct 27, 2026 $32.5bn $30.6bn

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

Alert

About each fund

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.

LQD

LQD tracks an index of US investment grade bonds. Over the year to Oct 28, 2026 it returned −3.4% with distributions reinvested, against −1.2% for its benchmark, the Bloomberg U.S. Universal Index. The prospectus expense ratio is 0.14% a year. It sat 6.3% below its high of Sep 22, 2021 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, JAAA or LQD?: In the year to Oct 28, 2026, with distributions reinvested, JAAA returned +4.7% and LQD −3.4%.
Which is cheaper, JAAA or LQD?: LQD is cheaper, by 0.06 percentage points a year. That is about $6 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

JAAA vs VCIT IGIB vs JAAA JAAA vs PFF CLOA vs JAAA LQD vs PFF LQD vs VUSB LQD vs VCLT LQD vs MBB

Where to next

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

Sources and dates

JAAA filings on SEC EDGAR ↗

JAAA prospectus with the expense ratio (SEC) ↗

Janus Henderson page for JAAA ↗

LQD filings on SEC EDGAR ↗

LQD prospectus with the expense ratio (SEC) ↗

iShares page for LQD ↗

Links are sources, not endorsements. 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.

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ETFIQ, JAAA against LQD, data as of Oct 28, 2026. https://etfiq.com/compare/any/jaaa-vs-lqd

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