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

In the year to Oct 28, 2026, with distributions reinvested, JAAA returned +4.7% and SGOV +3.7%.

Which is cheaper, JAAA or SGOV?

SGOV is cheaper, by 0.11 percentage points a year. That is about $11 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

JAAA vs SGOV: Differences, Returns & Fees

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JAAA's duration was 0.0 years on Jul 31, 2026 and SGOV's 0.1 on Aug 31, 2026; SGOV charges 0.09% to JAAA's 0.20%.

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Net assets: $32.5bn on Oct 28, 2026 for Janus Henderson AAA CLO ETF, and $117.0bn on Oct 27, 2026 for iShares 0-3 Month Treasury Bond ETF.

JAAA on its own →SGOV on its own →

At a glance

+4.7%

JAAA total return, 1 year

+3.7%

SGOV total return, 1 year

0.20%

JAAA expense ratio

0.09%

SGOV expense ratio

Pair scorecard

SGOV costs 0.11 points a year less; their one-year returns differ by 1.0 point; SGOV is 3.6 times larger.

JAAA vs SGOV: Differences, Returns & Fees
Measure	JAAA	SGOV
Return
Measure	JAAA	SGOV
Total return, 1 year	+4.7%	+3.7%
Benchmark
Measure	JAAA	SGOV
What it tracks	No index, actively managed	ICE 0-3 Month US Treasury Securities Index
Cost and size
Measure	JAAA	SGOV
Expense ratio	0.20%	0.09%
Net assets, as of Oct 27, 2026	$32.5bn	$117.0bn
Holdings
Measure	JAAA	SGOV
Holdings in common	0%

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

Risk and return

Oct 30, 2020 to Oct 23, 2026 · 312 weekly returns

JAAA SGOV

Return

Total return edge JAAA +31.1% +20.7%

Annualized edge JAAA +4.6% +3.2%

Price return edge JAAA +1.6% +0.6%

Risk

Volatility edge SGOV 1.3% 0.3%

Max drawdown edge SGOV −2.5% 0.0%

Risk-adjusted

Sharpe edge JAAA 0.93 −0.51

Sortino edge JAAA 1.24 −0.62

Calmar 1.82 Not measured

Reading

JAAA returned more: +31.1% to +20.7%. SGOV swung less: 0.3% to 1.3%. SGOV fell less at its worst: 0.0% to −2.5%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: JAAA vs SGOV: Differences, Returns & Fees
Measure	JAAA	SGOV	Edge	How it is measured
Return
Total return	+31.1%	+20.7%	JAAA	Price change plus distributions, reinvested.
Annualized	+4.6%	+3.2%	JAAA	Total return as a yearly rate.
Price return	+1.6%	+0.6%	JAAA	Price change alone, distributions left out.
Risk
Volatility	1.3%	0.3%	SGOV	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	1.0%	0.2%	SGOV	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−2.5%	0.0%	SGOV	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	0.93	−0.51	JAAA	Return above Treasury bills per unit of volatility.
Sortino	1.24	−0.62	JAAA	Return above Treasury bills per unit of downside deviation.
Calmar	1.82	Not measured		Annualized 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

By the books each fund has filed, JAAA and SGOV 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 SGOV

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 SGOV

U.S. Treasury Bills, due Oct 20, 2026 10.18%

U.S. Treasury Bills, due Sep 22, 2026 8.59%

U.S. Treasury Bills, due Oct 13, 2026 8.51%

U.S. Treasury Bills, due Sep 29, 2026 6.82%

U.S. Treasury Bills, due Oct 27, 2026 6.76%

U.S. Treasury Bills, due Sep 1, 2026 6.63%

U.S. Treasury Bills, due Sep 15, 2026 6.04%

U.S. Treasury Bills, due Oct 29, 2026 5.18%

Check overlap with more funds →

Side by side

JAAA Janus Henderson AAA CLO ETF SGOV iShares 0-3 Month Treasury Bond ETF

Where it sits Bond ETF Bond ETF

Issuer Janus Henderson iShares

What it is Actively managed Tracks an index of 0-3 month T-bills

Total return, 1 year +4.7% +3.7%

Expense ratio 0.20% 0.09%

Holdings 598 22

Net assets, JAAA as of Oct 28, 2026 and SGOV as of Oct 27, 2026 $32.5bn $117.0bn

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

Client brief · page 1 of 2 Report BR-5636E253D0

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

What each follows. JAAA follows No index, actively managed and SGOV follows ICE 0-3 Month US Treasury Securities Index.
Holdings in common. 0% of the weight is in the same securities (holdings dated Jul 31, 2026 and Aug 31, 2026).
Number of holdings. JAAA holds 598 positions and SGOV holds 22.

Data as of Oct 28, 2026.

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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.

SGOV

SGOV tracks an index of 0-3 month T-bills. Over the year to Oct 28, 2026 it returned +3.7% with distributions reinvested. The prospectus expense ratio is 0.09% a year.

Questions people ask

Which returned more over the last year, JAAA or SGOV?: In the year to Oct 28, 2026, with distributions reinvested, JAAA returned +4.7% and SGOV +3.7%.
Which is cheaper, JAAA or SGOV?: SGOV is cheaper, by 0.11 percentage points a year. That is about $11 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

BIL vs JAAA JAAA vs JPST JAAA vs PULS BOXX vs JAAA SGOV vs VTIP SCHP vs SGOV SGOV vs TIP SCHO vs SGOV

Where to next

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

Sources and dates

JAAA filings on SEC EDGAR ↗

JAAA prospectus with the expense ratio (SEC) ↗

Janus Henderson page for JAAA ↗

SGOV filings on SEC EDGAR ↗

SGOV prospectus with the expense ratio (SEC) ↗

iShares page for SGOV ↗

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.

Cite this pageCitation, APA and Markdown

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

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