Dividend comparison
CLOZ vs JAAA: Which Is Better?
Fees, yield, total returns, drawdowns, holdings overlap and dividend history for Eldridge BBB-B CLO ETF and Janus Henderson AAA CLO ETF, side by side. Updated October 21, 2026.
CLOZ vs JAAA: key differences
The short answer, from the latest data on this page.
- Fees. JAAA is cheaper at 0.20% a year versus 0.50% for CLOZ. On $10,000 that is $30 a year less in fees.
- Income. CLOZ pays more income, yielding 7.06% over the last twelve months versus 4.84% for JAAA. That is about $222 more a year on $10,000. Both pay monthly.
- Performance. Over the last 3 years, CLOZ returned 19.6% versus 14.7% for JAAA, with dividends reinvested. $10,000 would have grown to $11,964 in CLOZ and $11,474 in JAAA.
- Risk. CLOZ has been the bumpier ride. Its worst peak-to-trough decline over the last 3 years was -5.3%, against -2.6% for JAAA.
- Size. JAAA is the larger fund with $32.5 billion in assets, against $781 million for CLOZ.
Bottom line: CLOZ fits better if you care most about more income today and stronger 3-year returns. JAAA fits better if you care most about lower fees.
Side-by-side snapshot
Trailing twelve-month figures where available. Higher yield is highlighted — not a buy recommendation.
| Metric | CLOZ Eldridge BBB-B CLO ETF | JAAA Janus Henderson AAA CLO ETF |
|---|---|---|
| Dividend yield (TTM) | 7.06% | 4.84% |
| Dividend / share (TTM) | $1.85 | $2.45 |
| Payout frequency | Monthly | Monthly |
| Last dividend | $0.1517 on Oct 8, 2026 | $0.2018 on Oct 6, 2026 |
| Ex-dividend date | Oct 2, 2026 | Sep 30, 2026 |
| Dividend growth (CAGR) | — | 41.2% over 4 yrs |
| Price | $26.19 | $50.60 |
| Beta | 0.02 | 0.02 |
| Max drawdown (5Y) | -5.3% | -2.6% |
| Market cap | $783.2M | $32.53B |
| Exchange | AMEX | AMEX |
| Expense ratio | 0.50% | 0.20% |
| Assets under management | $780.5M | $32.55B |
| Number of holdings | — | 634 |
Income on a $10,000 investment
Illustrative only — assumes current TTM yield stays constant. Actual distributions change.
CLOZ
$58.86/mo
$706 /yr at 7.06% yield
JAAA
$40.32/mo
$484 /yr at 4.84% yield
Dividend history
Total dividends paid per share in each calendar year. CLOZ pays monthly; JAAA pays monthly.
| Year | CLOZ | JAAA |
|---|---|---|
| 2025 | $2.0676 | $2.6783 |
| 2024 | $2.3707 | $3.2261 |
| 2023 | — | $3.0710 |
| 2022 | — | $1.3662 |
| 2021 | — | $0.6741 |
Strategy: Sector and thematic
Funds that hold a single industry or theme, such as technology, semiconductors, healthcare or energy. Funds covering the same sector can still differ in concentration rules: some cap the largest positions while others let the biggest companies take a quarter of the fund. Sector funds are usually used to tilt a portfolio rather than as its core.
A single sector can fall far further than the broad market and stay down for years, and the largest names often dominate the fund.
Performance
Total returns with dividends reinvested, from the adjusted closing price series. $10,000 invested on Jan 24, 2023 would now be worth $13,301 in CLOZ and $12,108 in JAAA.
| Period | CLOZ | JAAA |
|---|---|---|
| 1 month | -0.23% | -0.14% |
| 3 months | -0.53% | 0.02% |
| Year to date | -1.10% | 0.04% |
| 1 year | -0.87% | 0.78% |
| 3 years | 19.64% | 14.74% |
| 5 years | — | 22.91% |
- CLOZ
- JAAA
Both series indexed to 100 on 2023-01-24 using the adjusted closing price series. Past performance does not guarantee future results.
Sector allocation
Weight of each sector within the fund. Sectors are aligned on the same row so the two funds can be read against each other directly.
- CLOZ
- JAAA
Quick verdict
CLOZ fits better if you care most about more income today and stronger 3-year returns. JAAA fits better if you care most about lower fees. Model the holding inside your real portfolio before deciding.
Still deciding? Compare them in your portfolio
Forecast dividend income, track payouts, and see how CLOZ vs JAAA fits with the rest of your holdings. Free to start — no credit card required for the trial.
Frequently asked questions
Is CLOZ or JAAA better for dividend income?
It depends on your goals. CLOZ currently yields 7.06% Trailing Twelve Months (TTM) while JAAA yields 4.84%. Higher yield means more current income per dollar invested, but may come with different risk, growth, or NAV characteristics. Compare total return and payout sustainability — not just the headline yield.
What is the difference between CLOZ and JAAA?
Eldridge BBB-B CLO ETF (CLOZ) is an ETF listed on AMEX. Janus Henderson AAA CLO ETF (JAAA) is an ETF listed on AMEX. Side-by-side metrics on this page cover yield, fees, returns, drawdowns, holdings overlap and dividend history when available.
Which is cheaper, CLOZ or JAAA?
JAAA has the lower expense ratio. CLOZ charges 0.50% a year and JAAA charges 0.20%, a difference of $30 a year on a $10,000 investment.
Which has performed better, CLOZ or JAAA?
Over the last 3 years, CLOZ has the higher total return with dividends reinvested: CLOZ returned 19.6% and JAAA returned 14.7%. Past performance does not predict future returns.
Which is riskier, CLOZ or JAAA?
Measured by the worst peak-to-trough decline over the last five years, CLOZ has been riskier: CLOZ fell as much as 5.3% and JAAA as much as 2.6%. Their betas are 0.02 and 0.02.
How often do CLOZ and JAAA pay dividends?
Both pay monthly. The most recent payments were $0.1517 for CLOZ and $0.2018 for JAAA.
How much income does $10,000 in CLOZ vs JAAA generate?
At current TTM yields, $10,000 in CLOZ would generate roughly $58.86 per month ($706 annually). The same amount in JAAA would produce about $40.32 per month ($484 annually). Actual payouts vary with distribution changes and reinvestment.
Can I hold both CLOZ and JAAA?
Yes. Many income investors hold both to diversify strategy or index exposure. Whether the combination actually diversifies depends on overlapping holdings and factor exposure. Model both inside Dividend Wealth to see combined income, sector mix, and forecast impact.
Where can I compare CLOZ vs JAAA with my full portfolio?
Create a free Dividend Wealth account to import or enter holdings, forecast dividend income, and see how CLOZ and JAAA fit alongside the rest of your portfolio. A 14-day free trial of Standard is available with no credit card required; a limited Free plan is also available.
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For informational and educational purposes only. Not investment advice. Past performance and current yields do not guarantee future results. Verify figures independently before making investment decisions.