VNLA vs UCON

Comparison between JANUS HENDERSON SHORT DURATION INCOME ETF (VNLA, ETF) and FIRST TRUST TCW UNCONSTRAINED PLUS BOND ETF (UCON, ETF).

5-Year PerformanceVNLA has outperformed UCON, delivering a return of +3.8% compared to +2.8%

VNLA vs UCON - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	VNLA(ETF)	UCON(ETF)
Net Assets	$3.20B	$3.20B
Expense Ratio	0.23%	0.86%
Max Drawdown	6.20%	15.31%
Sharpe Ratio	1.96	0.72
5Y Beta	0.01	0.03
5Y Dividends CAGR	39.43%	7.96%

Net Assets

VNLA

$3.20B

UCON

$3.20B

Expense Ratio

Winner

VNLA

0.23%

UCON

0.86%

Max Drawdown

Winner

VNLA

6.20%

UCON

15.31%

Sharpe Ratio

Winner

VNLA

1.96

UCON

0.72

5Y Beta

Winner

VNLA

0.01

UCON

0.03

5Y Dividends CAGR

Winner

VNLA

39.43%

UCON

7.96%

VNLA vs UCON - Historical Returns

Returns include dividend reinvestment.

Period	VNLA	UCON
1 month	+0.34%	+0.44%
3 months	+0.58%	-0.13%
6 months	+1.85%	+1.00%
1 year	+4.94%	+6.00%
5 years(CAGR)	+3.77%	+2.78%
10 years(CAGR)	+2.97%	N/A
Max(CAGR)	+2.97%	+3.72%

VNLA

+0.34%

Winner

UCON

+0.44%

Winner

VNLA

+0.58%

UCON

-0.13%

Winner

VNLA

+1.85%

UCON

+1.00%

VNLA

+4.94%

Winner

UCON

+6.00%

5Y(CAGR)

Winner

VNLA

+3.77%

UCON

+2.78%

10Y(CAGR)

VNLA

+2.97%

UCON

N/A

Max(CAGR)

VNLA

+2.97%

Winner

UCON

+3.72%

VNLA vs UCON - Annual Returns (2016 - 2026)

Returns include dividend reinvestment.

Year	VNLA	UCON
2026	+1.14%	+0.50%
2025	+5.43%	+7.00%
2024	+6.45%	+4.90%
2023	+5.88%	+7.67%
2022	-0.13%	-5.72%
2021	-0.24%	+1.05%
2020	+3.01%	+6.67%
2019	+4.43%	+7.13%
2018	+0.08%	+1.11%
2017	+2.11%	N/A
2016	+0.08%	N/A

VNLA vs UCON Drawdown Comparison

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

The maximum drawdown for UCON was -15.31%, occurring on Mar 18, 2020. Recovery took 83 trading sessions.

The current VNLA drawdown is -0.02%. The current UCON drawdown is -0.67%.

Rank	VNLA	UCON
#1	-4.49% Mar 9, 2020 - Jun 17, 2020	-15.31% Mar 5, 2020 - Jul 2, 2020
#2	-1.76% Sep 30, 2021 - Jan 17, 2023	-9.60% Sep 14, 2021 - Dec 14, 2023
#3	-1.56% Nov 5, 2018 - Mar 22, 2019	-2.45% Feb 26, 2026 - Mar 26, 2026
#4	-0.73% Mar 13, 2023 - Apr 20, 2023	-1.70% Feb 1, 2024 - May 15, 2024
#5	-0.62% Jan 5, 2021 - Sep 30, 2021	-1.67% Sep 24, 2024 - Feb 24, 2025
#6	-0.48% Mar 28, 2025 - Apr 24, 2025	-1.53% Mar 3, 2025 - May 30, 2025
#7	-0.43% Feb 27, 2026 - Apr 9, 2026	-1.12% Nov 9, 2018 - Jan 10, 2019
#8	-0.41% Sep 4, 2019 - Oct 3, 2019	-1.07% Feb 11, 2021 - May 26, 2021
#9	-0.36% Oct 8, 2019 - Nov 26, 2019	-0.96% Sep 4, 2019 - Oct 1, 2019
#10	-0.34% Mar 29, 2019 - Apr 15, 2019	-0.88% Feb 24, 2020 - Mar 3, 2020
#11	-0.30% Jan 19, 2017 - Feb 1, 2017	-0.87% Dec 28, 2023 - Jan 12, 2024
#12	-0.29% Feb 1, 2024 - Mar 1, 2024	-0.83% Oct 13, 2020 - Nov 5, 2020
#13	-0.26% Apr 25, 2023 - May 10, 2023	-0.75% Oct 28, 2025 - Nov 25, 2025
#14	-0.26% Feb 17, 2017 - Mar 14, 2017	-0.73% May 15, 2024 - Jun 4, 2024
#15	-0.24% Dec 2, 2016 - Dec 28, 2016	-0.73% Feb 19, 2019 - Mar 6, 2019

Correlation

Correlation between VNLA and UCON is 0.96 which considered as a very strong positive correlation - the stocks move almost identically together.

0.96

-101

Dividend Comparison (2016 - 2026)

VNLA vs UCON dividend yield comparison.

Year	VNLA	UCON
2026	1.54%	1.44%
2025	4.84%	4.63%
2024	4.97%	4.95%
2023	3.95%	4.75%
2022	4.35%	3.12%
2021	1.67%	2.20%
2020	1.21%	3.14%
2019	3.13%	3.25%
2018	2.43%	1.76%
2017	1.79%	0.00%
2016	0.08%	0.00%