JAAA vs GDX

Comparison between JANUS HENDERSON AAA CLO ETF (JAAA, ETF) and VANECK GOLD MINERS ETF (GDX, ETF).

5-Year PerformanceGDX has outperformed JAAA, delivering a return of +22.8% compared to +4.8%

JAAA vs GDX - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	JAAA(ETF)	GDX(ETF)
Net Assets	$27B	$27B
Expense Ratio	0.20%	0.51%
Max Drawdown	4.07%	81.28%
Sharpe Ratio	1.91	1.62
5Y Beta	0.04	0.69
P/E Ratio	N/A	18.95
Forward P/E	N/A	12.79
5Y Dividends CAGR	57.65%	21.83%
5Y EPS CAGR	N/A	50.56%
Debt to Equity	N/A	15.12%
P/S Ratio	N/A	3.34
P/B Ratio	N/A	3.53

Net Assets

JAAA

$27B

Winner

GDX

$27B

Expense Ratio

Winner

JAAA

0.20%

GDX

0.51%

Max Drawdown

Winner

JAAA

4.07%

GDX

81.28%

Sharpe Ratio

Winner

JAAA

1.91

GDX

1.62

5Y Beta

Winner

JAAA

0.04

GDX

0.69

P/E Ratio

JAAA

N/A

GDX

18.95

Forward P/E

JAAA

N/A

GDX

12.79

5Y Dividends CAGR

Winner

JAAA

57.65%

GDX

21.83%

5Y EPS CAGR

JAAA

N/A

GDX

50.56%

Debt to Equity

JAAA

N/A

GDX

15.12%

P/S Ratio

JAAA

N/A

GDX

3.34

P/B Ratio

JAAA

N/A

GDX

3.53

JAAA vs GDX - Historical Returns

Returns include dividend reinvestment.

Period	JAAA	GDX
1 month	+0.56%	-2.58%
3 months	+0.99%	-7.42%
6 months	+2.46%	+25.77%
1 year	+5.37%	+108.22%
5 years(CAGR)	+4.76%	+22.80%
10 years(CAGR)	N/A	+15.65%
Max(CAGR)	+4.54%	+5.88%

Winner

JAAA

+0.56%

GDX

-2.58%

Winner

JAAA

+0.99%

GDX

-7.42%

JAAA

+2.46%

Winner

GDX

+25.77%

JAAA

+5.37%

Winner

GDX

+108.22%

5Y(CAGR)

JAAA

+4.76%

Winner

GDX

+22.80%

10Y(CAGR)

JAAA

N/A

GDX

+15.65%

Max(CAGR)

JAAA

+4.54%

Winner

GDX

+5.88%

JAAA vs GDX - Annual Returns (2006 - 2026)

Returns include dividend reinvestment.

Year	JAAA	GDX
2026	+1.59%	+12.25%
2025	+5.07%	+144.40%
2024	+7.30%	+12.26%
2023	+8.43%	+6.25%
2022	+0.49%	-6.71%
2021	+1.37%	-15.37%
2020	+0.79%	+23.37%
2019	N/A	+40.08%
2018	N/A	-11.01%
2017	N/A	+7.65%
2016	N/A	+48.90%
2015	N/A	-26.95%
2014	N/A	-15.99%
2013	N/A	-54.72%
2012	N/A	-12.89%
2011	N/A	-14.17%
2010	N/A	+29.70%
2009	N/A	+39.01%
2008	N/A	-31.19%
2007	N/A	+23.26%
2006	N/A	+7.43%

JAAA vs GDX Drawdown Comparison

The maximum drawdown for JAAA was -2.64%, occurring on Jul 19, 2022. Recovery took 219 trading sessions.

The maximum drawdown for GDX was -80.35%, occurring on Jan 19, 2016. Recovery took 3499 trading sessions.

The current GDX drawdown is -16.93%.

Rank	JAAA	GDX
#1	-2.64% Feb 4, 2022 - Dec 19, 2022	-80.35% Sep 8, 2011 - Aug 8, 2025
#2	-1.46% Apr 2, 2025 - Apr 29, 2025	-70.79% Mar 14, 2008 - Sep 22, 2010
#3	-0.99% Feb 13, 2023 - Apr 13, 2023	-30.84% Feb 27, 2026 - Mar 20, 2026
#4	-0.52% Dec 22, 2022 - Jan 10, 2023	-20.52% Sep 5, 2006 - Feb 26, 2007
#5	-0.47% Oct 19, 2020 - Nov 9, 2020	-19.96% Jul 19, 2007 - Sep 18, 2007
#6	-0.47% Apr 19, 2021 - Jun 1, 2021	-19.14% Oct 16, 2025 - Dec 11, 2025
#7	-0.44% Feb 11, 2025 - Mar 31, 2025	-19.03% Apr 8, 2011 - Sep 2, 2011
#8	-0.42% Jan 21, 2021 - Feb 5, 2021	-18.56% Nov 6, 2007 - Jan 3, 2008
#9	-0.39% Feb 20, 2026 - Mar 23, 2026	-17.71% Jun 2, 2006 - Jul 3, 2006
#10	-0.33% Jul 30, 2024 - Aug 9, 2024	-17.58% Jan 28, 2026 - Feb 26, 2026
#11	-0.28% Jan 10, 2023 - Jan 17, 2023	-16.18% Dec 6, 2010 - Apr 8, 2011
#12	-0.27% Jun 11, 2021 - Jul 14, 2021	-13.48% Apr 16, 2007 - Jul 19, 2007
#13	-0.23% Dec 1, 2020 - Dec 7, 2020	-12.82% Feb 26, 2007 - Apr 16, 2007
#14	-0.20% Apr 8, 2021 - Apr 15, 2021	-12.32% Jan 14, 2008 - Feb 28, 2008
#15	-0.19% Dec 7, 2020 - Dec 10, 2020	-10.99% Jul 3, 2006 - Aug 2, 2006

Correlation

Correlation between JAAA and GDX is 0.78 which considered as a strong positive correlation - the stocks tend to move together.

0.78

-101

Dividend Comparison (2006 - 2026)

JAAA vs GDX dividend yield comparison.

Year	JAAA	GDX
2026	1.54%	0.00%
2025	5.30%	0.74%
2024	6.35%	1.19%
2023	6.11%	1.61%
2022	2.74%	1.66%
2021	1.21%	1.67%
2020	0.26%	0.53%
2019	0.00%	0.67%
2018	0.00%	0.50%
2017	0.00%	0.76%
2016	0.00%	0.26%
2015	0.00%	0.85%
2014	0.00%	0.66%
2013	0.00%	0.90%
2012	0.00%	1.00%
2011	0.00%	1.46%
2010	0.00%	0.65%
2009	0.00%	0.24%
2007	0.00%	3.25%
2006	0.00%	0.29%