JAAA vs SPY: Holdings Overlap
JAAAJanus Henderson AAA CLO ETF
Janus Henderson · 600 holdings · $29.2B · as of 2026-04-30
SPYState Street® SPDR® S&P 500® ETF Trust
State Street (SPDR) · 504 holdings · $812.0B · as of 2026-08-06
Holdings snapshots are 98 days apart (JAAA: 2026-04-30, SPY: 2026-08-06). Weights and index membership change between snapshots, so the true current overlap is typically higher than shown. For funds tracking the same index, the gap can be 5–15 points.
How similar are JAAA and SPY?
Janus Henderson AAA CLO ETF (JAAA, by Janus Henderson) holds 600 positions; State Street® SPDR® S&P 500® ETF Trust (SPY, by State Street (SPDR)) holds 504. They have 0 holdings in common, and by portfolio weight the two funds are 0.0% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 0.0%Sum of the smaller weight of each shared holding
- Shared Holdings
- 0JAAA holds 600 · SPY holds 504
- Weight in Shared Holdings
- JAAA 0%·SPY 0%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in JAAA
600 of 600 positions (96.7% of the fund) are not held by SPY. Showing the top 30 by weight.
- KKR CLO 35 Ltd., Series 35A, Class AR0.93%
- AB BSL CLO 1 Ltd., Series 2020-1A, Class A1R20.85%
- Anchorage Capital CLO 16 Ltd., Series 2020-16A, Class A1R20.79%
- Anchorage Capital CLO 17 Ltd., Series 2021-17A, Class A1R0.77%
- Carlyle US CLO Ltd., Series 2021-8A, Class A1R0.68%
- Regatta XIX Funding Ltd., Series 2022-1A, Class A1R0.65%
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| JAAA | +0.4% | +2.7% | +4.9% | +6.0% | +4.8% | — | 4.92% |
| SPY | +3.4% | +14.0% | +23.7% | +21.2% | +13.3% | +15.3% | 0.97% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in JAAA vs SPY →
Shared Holdings(0)
These two funds have no holdings in common.
Frequently Asked Questions
How much do JAAA and SPY overlap?
JAAA and SPY overlap by 0.0% of portfolio weight. They share 0 holdings (JAAA holds 600 positions and SPY holds 504), based on each fund's latest SEC-reported holdings.
Is it redundant to own both JAAA and SPY?
The two portfolios are 0.0% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What does JAAA own that SPY doesn't?
600 positions (96.7% of JAAA) are unique to JAAA, led by KKR CLO 35 Ltd., Series 35A, Class AR, AB BSL CLO 1 Ltd., Series 2020-1A, Class A1R2 and Anchorage Capital CLO 16 Ltd., Series 2020-16A, Class A1R2. In the other direction, 504 positions (99.9% of SPY) are unique to SPY.