Neuberger Securitize High Income Tokenized Fund vs Janus Henderson Anemoy AAA CLO Fund

Janus Henderson Anemoy AAA CLO Fund (JAAA) is 30.7× the size of Neuberger Securitize High Income Tokenized Fund (HINC) by market capitalisation. Over the past 30 days, JAAA is ahead by 2.6 percentage points (HINC -2.0% against JAAA +0.6%). Their daily returns move barely in opposite directions (correlation -0.30 across 22 shared trading days). HINC has been the more volatile of the two, at 3% annualised against JAAA's 1%.

Correlation: -0.30
Size ratio: 1 : 30.7
Ahead over 30 days: JAAA

Neuberger Securitize High Income Tokenized FundHINC

$979.2700

24h: -0.11%
Market cap: $18.41M
Volume 24h: —
Volatility (ann.): 3%

Janus Henderson Anemoy AAA CLO FundJAAA

$1.0550

24h: +0.02%
Market cap: $565.44M
Volume 24h: —
Volatility (ann.): 1%

HINC 3.2%Share of the two combined market caps96.8% JAAA

Performance

HINCJAAA

7 days-0.99%+0.09%JAAA
30 days-1.99%+0.57%JAAA

Correlation

-0.30over 22 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: insufficient data1y: insufficient data

Measured on daily returns rather than on prices. Two assets that both simply trend upward score near 1.0 on raw prices whether or not they move together, so returns are what answer the question people mean by correlation.

Risk & extremes

Metric	HINC	JAAA
Max drawdown (400d)	-2.0%	0.0%
Risk-adjusted return (90d)	-0.62	1.37

Relative strength over 90 days: JAAA outperformed HINC by 2.4% — measured on the HINC/JAAA ratio, so it holds regardless of market direction.

Neuberger Securitize High Income Tokenized Fund →Janus Henderson Anemoy AAA CLO Fund →