Data as of Oct 28, 2026.
JAAA vs MAGS: Differences, Returns & Fees
Over the year to Oct 28, 2026, JAAA returned +4.7% to MAGS's +5.8%; 0% of their weight is in the same names.
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Net assets on Oct 28, 2026: $32.5bn for Janus Henderson AAA CLO ETF and $5.5bn for Roundhill Magnificent Seven ETF.
Pair scorecard
JAAA costs 0.10 points a year less; their one-year returns differ by 1.1 points; JAAA is 5.9 times larger.
| Measure | JAAA | MAGS |
|---|---|---|
| Return | ||
| Total return, 1 year | +4.7% | +5.8% |
| Drawdown | ||
| Below its high | 4.1%, high on Oct 13, 2026 | |
| Benchmark | ||
| What it tracks | No index, actively managed | No index, actively managed |
| Cost and size | ||
| Expense ratio | 0.20% | 0.30% |
| Net assets | $32.5bn | $5.5bn |
| Holdings | ||
| Holdings in common | 0% | |
| In the S&P 500, by weight | 22% | |
| Top ten holdings, share of the fund | 29.3% | |
Holdings in common uses holdings dated Jun 30, 2026 and Jul 31, 2026. Method
Risk and return
Apr 21, 2023 to Oct 23, 2026 · 183 weekly returnsMAGS returned more: +189.1% to +24.5%. JAAA swung less: 1.0% to 24.0%. JAAA fell less at its worst: −1.2% to −26.6%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | JAAA | MAGS | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +24.5% | +189.1% | MAGS | Price change plus distributions, reinvested. |
| Annualized | +6.4% | +35.2% | MAGS | Total return as a yearly rate. |
| Price return | +1.9% | +181.4% | MAGS | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 1.0% | 24.0% | JAAA | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 0.6% | 14.5% | JAAA | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −1.2% | −26.6% | JAAA | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 1.67 | 1.19 | JAAA | Return above Treasury bills per unit of volatility. |
| Sortino | 2.53 | 1.97 | JAAA | Return above Treasury bills per unit of downside deviation. |
| Calmar | 5.28 | 1.33 | JAAA | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 183 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, JAAA and MAGS hold 0% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Jul 31, 2026.
half
0% in common
Only in one fund ↓
Side by side
JAAA and MAGS on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
JAAA and MAGS do different jobs. What does each one do in a portfolio?
- Holdings in common. 0% of the weight is in the same securities (holdings dated Jul 31, 2026 and Jun 30, 2026).
- Number of holdings. JAAA holds 598 positions and MAGS holds 8.
- Cost. JAAA charges 0.20% of assets a year and MAGS 0.30%, a gap of 0.10 points.
Data as of Oct 28, 2026.
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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.
MAGS
MAGS is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned +5.8% with distributions reinvested. The prospectus expense ratio is 0.30% a year. By its holdings filed for Jun 30, 2026, 22% of the fund by weight is stocks the S&P 500 also holds, across 8 positions, with the top ten at 29.3%. It sat 4.1% below its high of Oct 13, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, JAAA or MAGS?
- In the year to Oct 28, 2026, with distributions reinvested, JAAA returned +4.7% and MAGS +5.8%.
- Which is cheaper, JAAA or MAGS?
- JAAA is cheaper, by 0.10 percentage points a year. That is about $10 on $10,000 held for a year. Fees come from each fund's prospectus.
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 MAGS, data as of Oct 28, 2026. https://etfiq.com/compare/any/jaaa-vs-mags
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