(JAAA) Janus Detroit Street Trust - Overview

ETF Category: Securitized Bond - Focused | Exchange: NYSE ARCA (USA) | Market Cap: 27.220m USD | Total Return: 5.3% in 12m

Collateralized Loan Obligations, Debt Securities
Total Rating 51
Safety 75
Buy Signal -0.10
Securitized Bond - Focused
Category Rotation: +7.9
TER: 0.21%
AUM: 27.2B
Avg Turnover: 240M
Risk 3d forecast
Volatility0.71%
VaR 5th Pctl0.12%
VaR vs Median-3.99%
Reward TTM
Sharpe Ratio1.10
Rel. Str. IBD39.1
Rel. Str. Peer Group31.3
Character TTM
Beta0.022
Beta Downside-0.008
Hurst Exponent0.463
Drawdowns 3y
Max DD1.46%
CAGR/Max DD4.65
CAGR/Mean DD176.57

Warnings

No concerns identified

Tailwinds

No distinct edge detected

Description: JAAA Janus Detroit Street Trust

The Janus Henderson AAA CLO ETF (JAAA) primarily invests in collateralized loan obligations (CLOs) rated AAA at the time of purchase. Under normal market conditions, the fund allocates at least 90% of its net assets to these top-tier tranches, with the remaining balance permitted in high-quality CLOs rated no lower than A-.

CLOs are structured credit instruments backed by a pool of senior secured corporate loans, which typically offer floating-rate coupons that adjust based on prevailing interest rates. This structure provides a degree of protection against interest rate volatility compared to fixed-rate bonds, as the underlying loan payments reset periodically. AAA-rated tranches represent the most senior part of the capital stack, meaning they have priority claim on the cash flows generated by the underlying loan pool.

Investors can evaluate how these credit ratings impact long-term risk-adjusted returns by reviewing detailed fundamental metrics on ValueRay. This fund offers a focused approach to the securitized bond market by prioritizing liquidity and credit quality within the CLO sector.

Headlines to Watch Out For
  • Floating rate coupon structures drive yield performance amid changing federal interest rate environments
  • Institutional demand for AAA-rated collateralized loan obligations stabilizes secondary market liquidity premiums
  • Credit quality of underlying leveraged loan portfolios impacts net asset value stability
  • Tightening credit spreads on senior CLO tranches enhance total return potential
  • Regulatory shifts in risk retention rules influence new issuance volume and pricing dynamics
What is the price of JAAA shares?

As of May 26, 2026, the stock is trading at USD 50.69 with a total of 2,844,100 shares traded.
Over the past week, the price has changed by +0.12%, over one month by +0.46%, over three months by +1.09% and over the past year by +5.31%.

Is JAAA a buy, sell or hold?

Janus Detroit Street Trust has no consensus analysts rating.