VNLA vs TSPA

Comparison between JANUS HENDERSON SHORT DURATION INCOME ETF (VNLA, ETF) and T. ROWE PRICE U.S. EQUITY RESEARCH ETF (TSPA, ETF).

5-Year PerformanceTSPA has outperformed VNLA, delivering a return of +14.6% compared to +3.8%

VNLA vs TSPA - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	VNLA(ETF)	TSPA(ETF)
Net Assets	$3.30B	$3.40B
Expense Ratio	0.23%	0.34%
Max Drawdown	6.20%	24.72%
Sharpe Ratio	1.44	1.65
5Y Beta	0.01	0.97
P/E Ratio	N/A	29.28
Forward P/E	N/A	21.84
PEG Ratio	N/A	0.43
5Y Dividends CAGR	40.61%	N/A
5Y EPS CAGR	N/A	29.87%
Debt to Equity	N/A	52.38%

Net Assets

VNLA

$3.30B

Winner

TSPA

$3.40B

Expense Ratio

Winner

VNLA

0.23%

TSPA

0.34%

Max Drawdown

Winner

VNLA

6.20%

TSPA

24.72%

Sharpe Ratio

VNLA

1.44

Winner

TSPA

1.65

5Y Beta

Winner

VNLA

0.01

TSPA

0.97

P/E Ratio

VNLA

N/A

TSPA

29.28

Forward P/E

VNLA

N/A

TSPA

21.84

PEG Ratio

VNLA

N/A

TSPA

0.43

5Y Dividends CAGR

VNLA

40.61%

TSPA

N/A

5Y EPS CAGR

VNLA

N/A

TSPA

29.87%

Debt to Equity

VNLA

N/A

TSPA

52.38%

VNLA vs TSPA - Historical Returns

Returns include dividend reinvestment.

Period	VNLA	TSPA
1 month	+0.39%	+1.61%
3 months	+1.12%	+14.34%
6 months	+1.77%	+12.18%
1 year	+4.68%	+27.26%
5 years(CAGR)	+3.83%	+14.65%
10 years(CAGR)	+2.98%	N/A
Max(CAGR)	+2.98%	+14.34%

VNLA

+0.39%

Winner

TSPA

+1.61%

VNLA

+1.12%

Winner

TSPA

+14.34%

VNLA

+1.77%

Winner

TSPA

+12.18%

VNLA

+4.68%

Winner

TSPA

+27.26%

5Y(CAGR)

VNLA

+3.83%

Winner

TSPA

+14.65%

10Y(CAGR)

VNLA

+2.98%

TSPA

N/A

Max(CAGR)

VNLA

+2.98%

Winner

TSPA

+14.34%

VNLA vs TSPA - Annual Returns (2016 - 2026)

Returns include dividend reinvestment.

Year	VNLA	TSPA
2026	+1.59%	+10.56%
2025	+5.43%	+16.49%
2024	+6.45%	+27.28%
2023	+5.88%	+30.41%
2022	-0.13%	-19.11%
2021	-0.24%	+13.72%
2020	+3.01%	N/A
2019	+4.43%	N/A
2018	+0.08%	N/A
2017	+2.11%	N/A
2016	+0.08%	N/A

VNLA vs TSPA Drawdown Comparison

The maximum drawdown for VNLA was -4.49%, occurring on Mar 26, 2020. Recovery took 70 trading sessions.

The maximum drawdown for TSPA was -24.72%, occurring on Oct 12, 2022. Recovery took 478 trading sessions.

The current VNLA drawdown is -0.02%. The current TSPA drawdown is -1.04%.

Rank	VNLA	TSPA
#1	-4.49% Mar 9, 2020 - Jun 17, 2020	-24.72% Dec 29, 2021 - Nov 22, 2023
#2	-1.76% Sep 30, 2021 - Jan 17, 2023	-19.04% Feb 19, 2025 - Jun 27, 2025
#3	-1.56% Nov 5, 2018 - Mar 22, 2019	-9.24% Jan 29, 2026 - Apr 14, 2026
#4	-0.73% Mar 13, 2023 - Apr 20, 2023	-8.90% Jul 16, 2024 - Sep 19, 2024
#5	-0.62% Jan 5, 2021 - Sep 30, 2021	-5.49% Mar 28, 2024 - May 14, 2024
#6	-0.48% Mar 28, 2025 - Apr 24, 2025	-5.40% Oct 29, 2025 - Dec 11, 2025
#7	-0.43% Feb 27, 2026 - Apr 9, 2026	-4.78% Aug 30, 2021 - Oct 19, 2021
#8	-0.41% Sep 4, 2019 - Oct 3, 2019	-4.46% Jun 2, 2026 - Jun 10, 2026
#9	-0.36% Oct 8, 2019 - Nov 26, 2019	-4.16% Nov 16, 2021 - Dec 23, 2021
#10	-0.34% Mar 29, 2019 - Apr 15, 2019	-3.91% Dec 6, 2024 - Jan 22, 2025
#11	-0.30% Jan 19, 2017 - Feb 1, 2017	-2.97% Oct 8, 2025 - Oct 24, 2025
#12	-0.29% Feb 1, 2024 - Mar 1, 2024	-2.82% Jul 12, 2021 - Jul 23, 2021
#13	-0.26% Apr 25, 2023 - May 10, 2023	-2.77% Dec 11, 2025 - Dec 23, 2025
#14	-0.26% Feb 17, 2017 - Mar 14, 2017	-2.64% Oct 14, 2024 - Nov 6, 2024
#15	-0.24% Dec 2, 2016 - Dec 28, 2016	-2.59% Jan 12, 2026 - Jan 27, 2026

Correlation

Correlation between VNLA and TSPA is 0.98 which considered as a very strong positive correlation - the stocks move almost identically together.

0.98

-101

Dividend Comparison (2016 - 2026)

VNLA vs TSPA dividend yield comparison.

Year	VNLA	TSPA
2026	1.93%	0.00%
2025	4.84%	0.62%
2024	4.97%	0.50%
2023	3.95%	0.41%
2022	4.35%	1.16%
2021	1.67%	0.43%
2020	1.21%	0.00%
2019	3.13%	0.00%
2018	2.43%	0.00%
2017	1.79%	0.00%
2016	0.08%	0.00%