Data as of Oct 28, 2026.
JAAA vs VBIL: Differences, Returns & Fees
JAAA's duration was 0.0 years on Jul 31, 2026 and VBIL's 0.1 on Jun 30, 2026; VBIL charges 0.06% to JAAA's 0.20%.
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Net assets: $32.5bn on Oct 28, 2026 for Janus Henderson AAA CLO ETF, and $12.8bn on Sep 30, 2026 for Vanguard 0-3 Month Treasury Bill ETF.
Pair scorecard
VBIL costs 0.14 points a year less; their one-year returns differ by 1.0 point.
| Measure | JAAA | VBIL |
|---|---|---|
| Return | ||
| Total return, 1 year | +4.7% | +3.7% |
| Benchmark | ||
| What it tracks | No index, actively managed | Bloomberg U.S. Treasury Bills 0-3 Months Index |
| Cost and size | ||
| Expense ratio | 0.20% | 0.06% |
| Net assets, JAAA as of Oct 28, 2026 and VBIL as of Sep 30, 2026 | $32.5bn | $12.8bn |
| Holdings | ||
| Holdings in common | 0% | |
Holdings in common uses holdings dated Jun 30, 2026 and Jul 31, 2026. Method
Risk and return
Feb 21, 2025 to Oct 23, 2026 · 87 weekly returnsJAAA returned more: +8.2% to +6.7%. VBIL swung less: 0.1% to 1.2%. VBIL fell less at its worst: 0.0% to −1.2%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | JAAA | VBIL | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +8.2% | +6.7% | JAAA | Price change plus distributions, reinvested. |
| Annualized | +4.8% | +3.9% | JAAA | Total return as a yearly rate. |
| Price return | −0.5% | +0.8% | VBIL | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 1.2% | 0.1% | VBIL | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 0.9% | 0.1% | VBIL | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −1.2% | 0.0% | VBIL | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.62 | −0.64 | JAAA | Return above Treasury bills per unit of volatility. |
| Sortino | 0.88 | −0.90 | JAAA | Return above Treasury bills per unit of downside deviation. |
| Calmar | 3.98 | Not measured | Annualized return divided by the max drawdown. | |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 87 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, JAAA and VBIL 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 VBIL on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
JAAA and VBIL do different jobs. What does each one do in a portfolio?
- What each follows. JAAA follows No index, actively managed and VBIL follows Bloomberg U.S. Treasury Bills 0-3 Months Index.
- Holdings in common. 0% of the weight is in the same securities (holdings dated Jul 31, 2026 and Jun 30, 2026).
- Number of holdings. JAAA holds 598 positions and VBIL holds 28.
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.
VBIL
VBIL tracks an index of 0-3 Month Treasury Bill. Over the year to Oct 28, 2026 it returned +3.7% with distributions reinvested. The prospectus expense ratio is 0.06% a year.
Questions people ask
- Which returned more over the last year, JAAA or VBIL?
- In the year to Oct 28, 2026, with distributions reinvested, JAAA returned +4.7% and VBIL +3.7%.
- Which is cheaper, JAAA or VBIL?
- VBIL is cheaper, by 0.14 percentage points a year. That is about $14 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 VBIL, data as of Oct 28, 2026. https://etfiq.com/compare/any/jaaa-vs-vbil
ETFIQ. (Oct 28, 2026). JAAA against VBIL. Retrieved from https://etfiq.com/compare/any/jaaa-vs-vbil
[JAAA against VBIL (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/jaaa-vs-vbil)
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