Data as of Oct 28, 2026.
JAAA vs SPSB: Differences, Returns & Fees
JAAA's duration was 0.0 years on Jul 31, 2026 and SPSB's 1.8 on Jun 30, 2026; SPSB charges 0.04% to JAAA's 0.20%.
askIQ about this page
askIQ about JAAA and SPSB
Net assets: $32.5bn on Oct 28, 2026 for Janus Henderson AAA CLO ETF, and $11.3bn on Oct 27, 2026 for State Street SPDR Portfolio Short Term Corporate Bond ETF.
Pair scorecard
SPSB costs 0.16 points a year less; their one-year returns differ by 2.5 points; JAAA is 2.9 times larger.
| Measure | JAAA | SPSB |
|---|---|---|
| Return | ||
| Total return, 1 year | +4.7% | +2.2% |
| Benchmark | ||
| What it tracks | No index, actively managed | Bloomberg U.S. 1-3 Year Corporate Bond Index |
| Cost and size | ||
| Expense ratio | 0.20% | 0.04% |
| Net assets, as of Oct 27, 2026 | $32.5bn | $11.3bn |
| Holdings | ||
| Holdings in common | 0% | |
Holdings in common uses holdings dated Jun 30, 2026 and Jul 31, 2026. Method
Risk and return
Oct 30, 2020 to Oct 23, 2026 · 312 weekly returnsJAAA returned more: +31.1% to +15.9%. JAAA swung less: 1.3% to 1.7%. JAAA fell less at its worst: −2.5% to −5.8%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | JAAA | SPSB | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +31.1% | +15.9% | JAAA | Price change plus distributions, reinvested. |
| Annualized | +4.6% | +2.5% | JAAA | Total return as a yearly rate. |
| Price return | +1.6% | −5.3% | 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% | −5.8% | JAAA | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.93 | −0.47 | JAAA | Return above Treasury bills per unit of volatility. |
| Sortino | 1.24 | −0.64 | JAAA | Return above Treasury bills per unit of downside deviation. |
| Calmar | 1.82 | 0.43 | 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 SPSB 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 SPSB on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
JAAA and SPSB do different jobs. What does each one do in a portfolio?
- What each follows. JAAA follows No index, actively managed and SPSB follows Bloomberg U.S. 1-3 Year Corporate Bond Index.
- Holdings in common. 0% of the weight is in the same securities (holdings dated Jul 31, 2026 and Jun 30, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 JAAA returned +4.7% and SPSB +2.2% with distributions reinvested, a gap of 2.5 points.
Data as of Oct 28, 2026.
The two-page PDF for this pair is coming. Save the comparison to follow its changes. Free. It needs an email sign-in, once.
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.
SPSB
SPSB tracks an index of Short Term Corporate Bond. Over the year to Oct 28, 2026 it returned +2.2% with distributions reinvested, against −1.4% for its benchmark, the Bloomberg U.S. Aggregate Bond Index. The prospectus expense ratio is 0.04% a year.
Questions people ask
- Which returned more over the last year, JAAA or SPSB?
- In the year to Oct 28, 2026, with distributions reinvested, JAAA returned +4.7% and SPSB +2.2%.
- Which is cheaper, JAAA or SPSB?
- SPSB is cheaper, by 0.16 percentage points a year. That is about $16 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.
Cite this pageCitation, APA and Markdown
ETFIQ, JAAA against SPSB, data as of Oct 28, 2026. https://etfiq.com/compare/any/jaaa-vs-spsb
ETFIQ. (Oct 28, 2026). JAAA against SPSB. Retrieved from https://etfiq.com/compare/any/jaaa-vs-spsb
[JAAA against SPSB (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/jaaa-vs-spsb)
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.