Janus Henderson Short Duration Income ETF
The ETF.net VNLA Grade
B
Score 61 out of 100
- 34 of 78
Score 61 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.F24 out of 100Rank 58 of 78Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 67Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B55 out of 100Rank 19 of 75Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B66 out of 100Rank 24 of 78Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B69 out of 100Rank 25 of 77Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A82 out of 100Rank 12 of 78
Our read on VNLA
In short
BA cash-plus ETF with a passport: active managers roam global investment-grade debt, keeping duration within 0-2 years of the 3-month T-bill index. In a category packed with bill trackers, this one tries to beat cash, not mirror it.
Stated mandate
VNLA seeks current income while emphasizing capital preservation and low volatility through an actively managed short-duration fixed-income strategy.
Why people hold it
Worth knowing
VNLA Holdings
- Bonds
- 400
- 22%
- FX Forward|USD|01/22/2027
Sectors
- Energy66.7%
- Industrials33.3%
Geography
- United States75.87%
- Australia6.51%
- Canada3.02%
- United Kingdom2.44%
- Cayman Islands2.05%
- Ireland1.75%
- France1.45%
- Japan1.27%
- 5.65%
Developed 88% · Emerging 12%
VNLA Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.
VNLA$10,369
Returns run to the Nov 4, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | VNLA |
|---|---|
| Year to date | +2.9% |
| 1 month | +0.5% |
| 3 months | +0.7% |
| 1 year | +3.7% |
| 3 years | +5.5% |
| 5 years | +4.1% |
| 10 years |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | VNLA |
|---|---|---|
| 2026 YTD | +2.9% | |
| 2025 | +5.5% | |
| 2024 | +6.4% | |
| 2023 | +6.1% | |
| 2022 | −0.2% | |
| 2021 | −0.2% | |
| 2020 | +3.0% |
VNLA in the news
VNLA Dividends
- 4.71%
- $2.29
- $0.19 per share
- Monthly
VNLA Risk
- 0.8%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 1.22
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −1.6%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.10
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FMP measures it over up to five years of monthly returns.
VNLA Cost
Overpaying vs XHLF, tied cheapest in Cash & Ultra-Short Income
$4,121
On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.
VNLA 0.23%
$4,759
XHLF 0.03% Tied cheapest
$638
Cost over time
Year by year
| Year | VNLA | XHLF | Overpaying |
|---|---|---|---|
| 10 | $419 | $55 | $364 |
| 20 | $1,630 | $216 | $1,414 |
| 30 | $4,759 | $638 | $4,121 |
You pay 0.23%Waived by Janus Henderson 0.02%
Full fee 0.25% waiver 0.02% you pay 0.23%
Other funds in Cash & Ultra-Short Income
- BIQMMProShares GENIUS Money Market ETFExpense ratio 0.15%1 year return
- BMINTPIMCO Enhanced Short Maturity Active Exchange-Traded FundExpense ratio 0.36%1 year return +4.2%
- BFTSMFirst Trust Enhanced Short Maturity ETFExpense ratio 0.29%1 year return +3.6%
- BMMKState Street Prime Money Market ETFExpense ratio 0.18%1 year return
- BCBILCorgi 3-12 Month T-Bill ETFExpense ratio 0.05%1 year return
