Data as of Oct 28, 2026.
JAAA vs SHV: Differences, Returns & Fees
JAAA's duration was 0.0 years on Jul 31, 2026 and SHV's 0.3 on Aug 31, 2026; SHV charges 0.15% to JAAA's 0.20%.
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Net assets: $32.5bn on Oct 28, 2026 for Janus Henderson AAA CLO ETF, and $21.7bn on Oct 27, 2026 for iShares 0-1 Year Treasury Bond ETF.
Pair scorecard
SHV costs 0.05 points a year less; their one-year returns differ by 1.1 points; JAAA is 1.5 times larger.
| Measure | JAAA | SHV |
|---|---|---|
| Return | ||
| Total return, 1 year | +4.7% | +3.6% |
| Benchmark | ||
| What it tracks | No index, actively managed | ICE Short US Treasury Securities Index |
| Cost and size | ||
| Expense ratio | 0.20% | 0.15% |
| Net assets, as of Oct 27, 2026 | $32.5bn | $21.7bn |
| Holdings | ||
| 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 returnsJAAA returned more: +31.1% to +19.3%. SHV swung less: 0.3% to 1.3%. SHV fell less at its worst: −0.4% to −2.5%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | JAAA | SHV | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +31.1% | +19.3% | JAAA | Price change plus distributions, reinvested. |
| Annualized | +4.6% | +3.0% | JAAA | Total return as a yearly rate. |
| Price return | +1.6% | −0.3% | JAAA | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 1.3% | 0.3% | SHV | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 1.0% | 0.3% | SHV | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −2.5% | −0.4% | SHV | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.93 | −1.04 | JAAA | Return above Treasury bills per unit of volatility. |
| Sortino | 1.24 | −1.23 | JAAA | Return above Treasury bills per unit of downside deviation. |
| Calmar | 1.82 | 8.00 | SHV | 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 SHV hold 0% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Aug 31, 2026.
half
0% in common
Only in one fund ↓
Side by side
JAAA and SHV on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
JAAA and SHV do different jobs. What does each one do in a portfolio?
- What each follows. JAAA follows No index, actively managed and SHV follows ICE Short 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 SHV holds 66.
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.
SHV
SHV tracks an index of 0-1 Year Treasury Bond. Over the year to Oct 28, 2026 it returned +3.6% with distributions reinvested. The prospectus expense ratio is 0.15% a year.
Questions people ask
- Which returned more over the last year, JAAA or SHV?
- In the year to Oct 28, 2026, with distributions reinvested, JAAA returned +4.7% and SHV +3.6%.
- Which is cheaper, JAAA or SHV?
- SHV is cheaper, by 0.05 percentage points a year. That is about $5 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 SHV, data as of Oct 28, 2026. https://etfiq.com/compare/any/jaaa-vs-shv
ETFIQ. (Oct 28, 2026). JAAA against SHV. Retrieved from https://etfiq.com/compare/any/jaaa-vs-shv
[JAAA against SHV (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/jaaa-vs-shv)
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