JAAA vs GLDM
Comparison between JANUS HENDERSON AAA CLO ETF (JAAA, ETF) and SPDR Gold MiniShares Trust (GLDM, ETF).
5-Year PerformanceGLDM has outperformed JAAA, delivering a return of +17.6% compared to +4.8%
JAAA vs GLDM - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
JAAA
$28B
GLDM
$27B
Expense Ratio
JAAA
0.20%
Winner
GLDM
0.10%
Max Drawdown
Winner
JAAA
4.07%
GLDM
26.27%
Sharpe Ratio
Winner
JAAA
1.34
GLDM
0.72
5Y Beta
Winner
JAAA
0.04
GLDM
0.23
5Y Dividends CAGR
JAAA
47.66%
GLDM
N/A
JAAA vs GLDM - Historical Returns
Returns include dividend reinvestment.
1M
Winner
JAAA
+0.30%
GLDM
-2.53%
3M
Winner
JAAA
+1.19%
GLDM
-12.70%
6M
Winner
JAAA
+2.01%
GLDM
-15.41%
1Y
JAAA
+4.90%
Winner
GLDM
+20.07%
5Y(CAGR)
JAAA
+4.85%
Winner
GLDM
+17.64%
10Y(CAGR)
JAAA
N/A
GLDM
+15.55%
Max(CAGR)
JAAA
+4.52%
Winner
GLDM
+15.55%
JAAA vs GLDM - Annual Returns (2018 - 2026)
Returns include dividend reinvestment.
| Year | JAAA | GLDM |
|---|---|---|
| 2026 | +2.33% | -5.74% |
| 2025 | +5.07% | +62.02% |
| 2024 | +7.30% | +27.40% |
| 2023 | +8.43% | +12.08% |
| 2022 | +0.49% | +1.09% |
| 2021 | +1.37% | -6.10% |
| 2020 | +0.79% | +24.20% |
| 2019 | N/A | +18.00% |
| 2018 | N/A | +1.84% |
JAAA vs GLDM Drawdown Comparison
The maximum drawdown for JAAA was -2.64%, occurring on Jul 19, 2022. Recovery took 219 trading sessions.
The maximum drawdown for GLDM was -26.27%, occurring on Jul 16, 2026. This drawdown has not yet recovered.
The current GLDM drawdown is -24.30%.
| Rank | JAAA | GLDM |
|---|---|---|
| #1 | -2.64% Feb 4, 2022 - Dec 19, 2022 | -26.27% Jan 29, 2026 - Jul 16, 2026 |
| #2 | -1.46% Apr 2, 2025 - Apr 29, 2025 | -21.63% Aug 6, 2020 - Dec 27, 2023 |
| #3 | -0.99% Feb 13, 2023 - Apr 13, 2023 | -12.54% Mar 9, 2020 - Apr 9, 2020 |
| #4 | -0.52% Dec 22, 2022 - Jan 10, 2023 | -10.07% Oct 20, 2025 - Dec 22, 2025 |
| #5 | -0.47% Oct 19, 2020 - Nov 9, 2020 | -8.09% Oct 30, 2024 - Jan 30, 2025 |
| #6 | -0.47% Apr 19, 2021 - Jun 1, 2021 | -7.11% Apr 21, 2025 - Jun 13, 2025 |
| #7 | -0.44% Feb 11, 2025 - Mar 31, 2025 | -6.78% Jul 9, 2018 - Dec 20, 2018 |
| #8 | -0.42% Jan 21, 2021 - Feb 5, 2021 | -6.45% Sep 4, 2019 - Jan 6, 2020 |
| #9 | -0.39% Feb 20, 2026 - Mar 23, 2026 | -5.72% May 20, 2024 - Jul 16, 2024 |
| #10 | -0.33% Jul 30, 2024 - Aug 9, 2024 | -5.26% Feb 19, 2019 - Jun 18, 2019 |
| #11 | -0.28% Jan 10, 2023 - Jan 17, 2023 | -4.89% Feb 24, 2020 - Mar 5, 2020 |
| #12 | -0.27% Jun 11, 2021 - Jul 14, 2021 | -4.84% Dec 26, 2025 - Jan 12, 2026 |
| #13 | -0.23% Dec 1, 2020 - Dec 7, 2020 | -4.77% Jun 13, 2025 - Aug 29, 2025 |
| #14 | -0.20% Apr 8, 2021 - Apr 15, 2021 | -4.73% Mar 31, 2025 - Apr 10, 2025 |
| #15 | -0.19% Dec 7, 2020 - Dec 10, 2020 | -4.35% Jul 16, 2024 - Aug 12, 2024 |
Correlation
Correlation between JAAA and GLDM is 0.91 which considered as a very strong positive correlation - the stocks move almost identically together.
0.91
-101
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