Janus Henderson AAA CLO ETF (JAAA) — Stock Correlations & Overview
Over the past year, JAAA has moved most closely with VNLA, PAAA, JBBB. Explore the stocks most correlated and inversely correlated with JAAA below, along with its price, financials, and company profile.
Stocks correlated with JAAA
Correlation of daily returns. Higher positive values move with JAAA; negative values move opposite it. Informational only, not investment advice.
Most correlated with JAAA
| Symbol | Company | Correlation |
|---|---|---|
| VNLA | Janus Henderson Short Duration Income ETF | 0.79 |
| PAAA | PGIM AAA CLO ETF | 0.61 |
| JBBB | Janus Henderson B-BBB CLO ETF | 0.60 |
| PFRL | PGIM Floating Rate Income ETF | 0.53 |
| JABS | Janus Henderson Asset-Backed Securities ETF | 0.51 |
Most inversely correlated with JAAA
| Symbol | Company | Correlation |
|---|---|---|
| SOTK | Sono-Tek Corporation Common StockSPECIAL INDUSTRY MACHINERY, NEC | -0.22 |
| FINS | Angel Oak Financial Strategies Income Term Trust | -0.19 |
| PSKY | Paramount Skydance Corporation Class B Common StockTELEVISION BROADCASTING STATIONS | -0.19 |
| HXHX | Haoxin Holdings Limited Class A Ordinary Shares | -0.18 |
| SETH | ProShares Short Ether ETF | -0.18 |
Frequently asked questions about JAAA correlations
- Which stocks are most correlated with JAAA?
- Based on one year of daily returns, the stocks most correlated with Janus Henderson AAA CLO ETF (JAAA) are VNLA (0.79), PAAA (0.61) and JBBB (0.60). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with JAAA?
- Over the past year, the stocks most inversely correlated with Janus Henderson AAA CLO ETF (JAAA) are SOTK (-0.22), FINS (-0.19) and PSKY (-0.19). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these JAAA correlations calculated?
- We compute the correlation of daily returns between JAAA and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
Charts and financial information provided by TradingView, a popular charting & trading platform. Check out even more advanced features or grab charts for your website.