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

In the year to Oct 28, 2026, with distributions reinvested, JAAA returned +4.7% and SHY +1.6%.

Which is cheaper, JAAA or SHY?

SHY 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.

Data as of Oct 28, 2026.

Across categories

JAAA vs SHY: Differences, Returns & Fees

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JAAA's duration was 0.0 years on Jul 31, 2026 and SHY's 1.8 on Aug 31, 2026; SHY 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 $27.4bn on Oct 27, 2026 for iShares 1-3 Year Treasury Bond ETF.

JAAA on its own →SHY on its own →

At a glance

+4.7%

JAAA total return, 1 year

+1.6%

SHY total return, 1 year

0.20%

JAAA expense ratio

0.15%

SHY expense ratio

Pair scorecard

SHY costs 0.05 points a year less; their one-year returns differ by 3.1 points; JAAA is 1.2 times larger.

JAAA vs SHY: Differences, Returns & Fees
Measure	JAAA	SHY
Return
Measure	JAAA	SHY
Total return, 1 year	+4.7%	+1.6%
Benchmark
Measure	JAAA	SHY
What it tracks	No index, actively managed	ICE U.S. Treasury 1-3 Year Bond Index
Cost and size
Measure	JAAA	SHY
Expense ratio	0.20%	0.15%
Net assets, as of Oct 27, 2026	$32.5bn	$27.4bn
Holdings
Measure	JAAA	SHY
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 SHY

Return

Total return edge JAAA +31.1% +9.6%

Annualized edge JAAA +4.6% +1.5%

Price return edge JAAA +1.6% −5.7%

Risk

Volatility edge JAAA 1.3% 1.7%

Max drawdown edge JAAA −2.5% −5.6%

Risk-adjusted

Sharpe edge JAAA 0.93 −1.01

Sortino edge JAAA 1.24 −1.35

Calmar edge JAAA 1.82 0.28

Reading

JAAA returned more: +31.1% to +9.6%. JAAA swung less: 1.3% to 1.7%. JAAA fell less at its worst: −2.5% to −5.6%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: JAAA vs SHY: Differences, Returns & Fees
Measure	JAAA	SHY	Edge	How it is measured
Return
Total return	+31.1%	+9.6%	JAAA	Price change plus distributions, reinvested.
Annualized	+4.6%	+1.5%	JAAA	Total return as a yearly rate.
Price return	+1.6%	−5.7%	JAAA	Price change alone, distributions left out.
Risk
Volatility	1.3%	1.7%	JAAA	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	1.0%	1.3%	JAAA	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−2.5%	−5.6%	JAAA	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	0.93	−1.01	JAAA	Return above Treasury bills per unit of volatility.
Sortino	1.24	−1.35	JAAA	Return above Treasury bills per unit of downside deviation.
Calmar	1.82	0.28	JAAA	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 SHY 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 SHY

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 SHY

U.S. Treasury Notes, due Apr 30, 2028 1.97%

U.S. Treasury Notes, due Jan 31, 2028 1.71%

U.S. Treasury Notes, due Jun 30, 2028 1.61%

U.S. Treasury Notes, due Apr 30, 2029 1.51%

U.S. Treasury Notes, due May 31, 2029 1.49%

U.S. Treasury Notes, due Aug 15, 2027 1.48%

U.S. Treasury Notes, due Jun 30, 2029 1.47%

U.S. Treasury Notes, due Feb 15, 2028 1.40%

Check overlap with more funds →

Side by side

JAAA Janus Henderson AAA CLO ETF SHY iShares 1-3 Year Treasury Bond ETF

Where it sits Bond ETF Bond ETF

Issuer Janus Henderson iShares

What it is Actively managed Tracks an index of 1-3 Year Treasury Bond

Total return, 1 year +4.7% +1.6%

Its benchmark over the same days not measured +1.7% (BBSB)

Gap to its benchmark not measured −0.1 pts vs BBSB

Expense ratio 0.20% 0.15%

Holdings 598 90

Net assets, JAAA as of Oct 28, 2026 and SHY as of Oct 27, 2026 $32.5bn $27.4bn

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

Client brief · page 1 of 2 Report BR-197CA88438

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

What each follows. JAAA follows No index, actively managed and SHY follows ICE U.S. Treasury 1-3 Year Bond Index.
Holdings in common. 0% of the weight is in the same securities (holdings dated Jul 31, 2026 and Aug 31, 2026).
One-year total return. Over 1 year to Oct 28, 2026 JAAA returned +4.7% and SHY +1.6% with distributions reinvested, a gap of 3.1 points.

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.

SHY

SHY tracks an index of 1-3 Year Treasury Bond. Over the year to Oct 28, 2026 it returned +1.6% with distributions reinvested, against +1.7% for its benchmark, the ICE U.S. Treasury 1-3 Year Bond Index. The prospectus expense ratio is 0.15% a year.

Questions people ask

Which returned more over the last year, JAAA or SHY?: In the year to Oct 28, 2026, with distributions reinvested, JAAA returned +4.7% and SHY +1.6%.
Which is cheaper, JAAA or SHY?: SHY 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.

Other comparisons

JAAA vs VGSH IEI vs JAAA EDV vs JAAA JAAA vs JBBB SHY vs TIP SHY vs VBIL SHY vs VGLT SHY vs VUSB

Where to next

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

Sources and dates

JAAA filings on SEC EDGAR ↗

JAAA prospectus with the expense ratio (SEC) ↗

Janus Henderson page for JAAA ↗

SHY filings on SEC EDGAR ↗

SHY prospectus with the expense ratio (SEC) ↗

iShares page for SHY ↗

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 SHY, data as of Oct 28, 2026. https://etfiq.com/compare/any/jaaa-vs-shy

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