(JAAA) Janus Detroit Street Trust - Overview
Etf: AAA CLO, A- CLO, Cash Equivalents
| Risk 5d forecast | |
|---|---|
| Volatility | 0.95% |
| Relative Tail Risk | -4.25% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.41 |
| Alpha | 0.30 |
| Character TTM | |
|---|---|
| Beta | 0.046 |
| Beta Downside | 0.094 |
| Drawdowns 3y | |
|---|---|
| Max DD | 1.46% |
| CAGR/Max DD | 4.58 |
Description: JAAA Janus Detroit Street Trust February 11, 2026
The Janus Detroit Street Trust – Janus Henderson AAA CLO ETF (NYSE ARCA:JAAA) seeks to allocate at least 90% of its net assets to collateralized loan obligations (CLOs) that are rated AAA at purchase, or judged to have equivalent credit quality if unrated. The remaining allocation may be placed in high-quality CLOs with a minimum rating of A, also subject to the adviser’s credit-quality assessment. The fund is classified as a U.S. securitized-bond focused ETF.
As of the most recent quarterly report (Q4 2025), JAAA reported an assets-under-management (AUM) of approximately $1.2 billion and a 30-day SEC yield of 4.3%, reflecting the elevated spreads in the AAA-rated CLO market. The average weighted-average maturity of the portfolio’s holdings is 4.7 years, and the fund’s weighted-average CLO tranche spread over Treasuries stands at roughly 180 bps, a level that has narrowed by about 15 bps since the start of 2024 as credit conditions improved. Key macro drivers include the Federal Reserve’s policy stance-higher short-term rates have increased the attractiveness of AAA-rated CLOs relative to comparable high-grade corporate bonds-and the health of the leveraged loan market, where delinquency rates remain below 1.5% (Q3 2025), supporting the underlying asset pool’s credit quality.
For a deeper, data-driven assessment of JAAA’s risk-adjusted performance, you may find ValueRay’s analytical dashboard useful.
What is the price of JAAA shares?
Over the past week, the price has changed by +0.00%, over one month by +0.46%, over three months by +1.38% and over the past year by +4.91%.
Is JAAA a buy, sell or hold?
What are the forecasts/targets for the JAAA price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 57.6 | 13.6% |
JAAA Fundamental Data Overview February 09, 2026
EBIT TTM = 0.0 USD
EBITDA TTM = 0.0 USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = unknown
Enterprise Value = 26.81b USD (26.81b + (null Debt) - (null CCE))
Interest Coverage Ratio = unknown (Ebit TTM 0.0 / Interest Expense TTM 0.0)
EV/FCF = unknown (FCF TTM 0.0)
FCF Yield = 0.0% (FCF TTM 0.0 / Enterprise Value 26.81b)
FCF Margin = unknown (Revenue TTM is 0 or missing)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = unknown (Enterprise Value 26.81b / Total Assets none)
Interest Expense / Debt = unknown (Interest Expense 0.0 / Debt none)
Taxrate = 21.0% (US default 21%)
NOPAT = 0.0 (EBIT 0.0 * (1 - 21.00%))
Current Ratio = unknown (Total Current Assets none / Total Current Liabilities none)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 0.0)
Debt / FCF = unknown (Net Debt none / FCF TTM 0.0)
Total Stockholder Equity = 0.0 (from calculated bookValueOfEquity)
RoA = unknown (Net Income 0.0 / Total Assets none)
RoE = unknown (Net Income TTM 0.0 / Total Stockholder Equity 0.0)
RoCE = unknown (EBIT 0.0 / Capital Employed )
RoIC = unknown (NOPAT 0.0, Invested Capital 0.0, EBIT 0.0)
WACC = 6.08% (E(26.81b)/V(26.81b) * Re(6.08%) + (debt-free company))
Discount Rate = 6.08% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Fair Price DCF = unknown (Cash Flow 0.0)