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Data as of Oct 28, 2026.

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JAAA vs XLG: Differences, Returns & Fees

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Over the year to Oct 28, 2026, JAAA returned +4.7% to XLG's +6.4%; 0% of their weight is in the same names.

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Net assets: $32.5bn on Oct 28, 2026 for Janus Henderson AAA CLO ETF, and $11.9bn on Oct 27, 2026 for Invesco S&P 500 Top 50 ETF.

JAAA on its own →XLG on its own →
At a glance
+4.7%
JAAA total return, 1 year
+6.4%
XLG total return, 1 year
0.20%
JAAA expense ratio
0.20%
XLG expense ratio

Pair scorecard

Both cost 0.20% a year; their one-year returns differ by 1.7 points; JAAA is 2.7 times larger.

Points (pts) are percentage points.

JAAA vs XLG: Differences, Returns & Fees
MeasureJAAAXLG
Return
Total return, 1 year+4.7%+6.4%
Benchmark
What it tracksNo index, actively managedS&P 500 Top 50 Index
Cost and size
Expense ratio0.20%0.20%
Net assets, as of Oct 27, 2026$32.5bn$11.9bn
Holdings
Holdings in common0%
In the S&P 500, by weight98%
Top ten holdings, share of the fund60.3%

Holdings in common uses holdings dated Jul 31, 2026 and Oct 27, 2026. Method

What they share

0%

By the books each fund has filed, JAAA and XLG hold 0% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Oct 27, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first JAAA XLG
Only in one fund ↓
Only in JAAA
KKR CLO 35 Ltd. 0.85%
AB BSL CLO 1 Ltd. 0.79%
Anchorage Capital CLO 16 Ltd. 0.73%
Palmer Square CLO Ltd. 0.69%
Ares LXI CLO Ltd. 0.68%
Carlyle US CLO Ltd. 0.62%
WISE CLO Ltd. 0.62%
Carlyle US CLO Ltd. 0.60%
Only in XLG
NVIDIA Corp 12.54%
Apple Inc 12.04%
Microsoft Corp 9.38%
Amazon.com Inc 5.91%
Alphabet Inc 4.47%
Broadcom Inc 3.87%
Alphabet Inc 3.58%
Meta Platforms Inc 3.25%
Check overlap with more funds →

Side by side

JAAA Janus Henderson AAA CLO ETF XLG Invesco S&P 500 Top 50 ETF
Where it sits Bond ETF Stock ETF
Issuer Janus Henderson Invesco
What it is Actively managed Tracks the S&P 500 top 50
Total return, 1 year +4.7% +6.4%
Its benchmark over the same days not measured +13.7% (IVV)
Gap to its benchmark not measured −7.3 pts vs IVV
Expense ratio 0.20% 0.20%
Holdings 598 53
Net assets, JAAA as of Oct 28, 2026 and XLG as of Oct 27, 2026 $32.5bn $11.9bn

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

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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.

XLG

XLG tracks the S&P 500 top 50. Over the year to Oct 28, 2026 it returned +6.4% with distributions reinvested, against +13.7% for its benchmark, the S&P 500 Index. By its holdings published by its issuer for Oct 27, 2026, 98% of the fund by weight is stocks the S&P 500 also holds, across 53 positions, with the top ten at 60.3%.

Questions people ask

Which returned more over the last year, JAAA or XLG?
In the year to Oct 28, 2026, with distributions reinvested, JAAA returned +4.7% and XLG +6.4%.
Which is cheaper, JAAA or XLG?
Neither: JAAA and XLG both charge 0.20% a year. Fees come from each fund's prospectus.
Other comparisons
AVUS vs JAAADGRW vs JAAAGRNY vs JAAAJAAA vs MTUMPFF vs XLGLQD vs XLGMBB vs XLGSHY vs XLG
Where to next
JAAA on its own →XLG on its own →Hold both: look the portfolio through →Rankings →JAAA dividend history →JAAA holdings →XLG dividend history →XLG holdings →Standards and sources →
Sources and dates
JAAA filings on SEC EDGAR ↗
JAAA prospectus with the expense ratio (SEC) ↗
Janus Henderson page for JAAA ↗
XLG filings on SEC EDGAR ↗
XLG prospectus with the expense ratio (SEC) ↗
Invesco page for XLG ↗

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

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