Data as of Oct 28, 2026.
JAAA vs USFR: Differences, Returns & Fees
JAAA's duration was 0.0 years on Jul 31, 2026 and USFR's 0.0 on May 31, 2026; USFR 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 $17.0bn on May 31, 2026 for WisdomTree Floating Rate Treasury Fund.
Pair scorecard
USFR costs 0.05 points a year less; their one-year returns differ by 0.6 points.
| Measure | JAAA | USFR |
|---|---|---|
| Return | ||
| Total return, 1 year | +4.7% | +4.1% |
| Benchmark | ||
| What it tracks | No index, actively managed | Bloomberg U.S. Treasury Floating Rate Bond Index |
| Cost and size | ||
| Expense ratio | 0.20% | 0.15% |
| Net assets, JAAA as of Oct 28, 2026 and USFR as of May 31, 2026 | $32.5bn | $17.0bn |
| Holdings | ||
| Holdings in common | 0% | |
Holdings in common uses holdings dated May 31, 2026 and Jul 31, 2026. Method
Risk and return
Oct 30, 2020 to Oct 23, 2026 · 312 weekly returnsJAAA returned more: +31.1% to +21.6%. USFR swung less: 0.4% to 1.3%. USFR fell less at its worst: −0.2% to −2.5%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | JAAA | USFR | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +31.1% | +21.6% | JAAA | Price change plus distributions, reinvested. |
| Annualized | +4.6% | +3.3% | JAAA | Total return as a yearly rate. |
| Price return | +1.6% | +0.6% | JAAA | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 1.3% | 0.4% | USFR | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 1.0% | 0.3% | USFR | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −2.5% | −0.2% | USFR | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.93 | −0.09 | JAAA | Return above Treasury bills per unit of volatility. |
| Sortino | 1.24 | −0.12 | JAAA | Return above Treasury bills per unit of downside deviation. |
| Calmar | 1.82 | 20.58 | USFR | 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 USFR hold 0% of their money in the same securities at the same weight. Holdings dated May 31, 2026 and Jul 31, 2026.
half
0% in common
Only in one fund ↓
Side by side
JAAA and USFR on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
JAAA and USFR do different jobs. What does each one do in a portfolio?
- What each follows. JAAA follows No index, actively managed and USFR follows Bloomberg U.S. Treasury Floating Rate Bond Index.
- Holdings in common. 0% of the weight is in the same securities (holdings dated Jul 31, 2026 and May 31, 2026).
- Number of holdings. JAAA holds 598 positions and USFR holds 4.
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.
USFR
USFR tracks an index of Floating Rate Treasury. Over the year to Oct 28, 2026 it returned +4.1% with distributions reinvested, against +4.0% for its benchmark, the Bloomberg U.S. Treasury Floating Rate Bond Index. The prospectus expense ratio is 0.15% a year.
Questions people ask
- Which returned more over the last year, JAAA or USFR?
- In the year to Oct 28, 2026, with distributions reinvested, JAAA returned +4.7% and USFR +4.1%.
- Which is cheaper, JAAA or USFR?
- USFR 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.
Cite this pageCitation, APA and Markdown
ETFIQ, JAAA against USFR, data as of Oct 28, 2026. https://etfiq.com/compare/any/jaaa-vs-usfr
ETFIQ. (Oct 28, 2026). JAAA against USFR. Retrieved from https://etfiq.com/compare/any/jaaa-vs-usfr
[JAAA against USFR (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/jaaa-vs-usfr)
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