- ISIN
- US47103Y8628
- CUSIP
- 47103Y862
- Issuer
- Janus Henderson
- Inception Date
- Sep 29, 2003
- Category
- Global Bonds
- Min. Investment
- $2,500
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
HFAAX Performance Chart
Janus Henderson Developed World Bond Fund (HFAAX) is up 0.9% since the beginning of the year. HFAAX is currently trading at $8 per share. Investors who bought $1,000 worth of HFAAX shares 5 years ago would now be looking at an investment worth $961.
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Returns By Period
Janus Henderson Developed World Bond Fund (HFAAX) has returned 0.87% so far this year and 4.70% over the past 12 months. Over the last ten years, HFAAX has returned 2.17% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Janus Henderson Developed World Bond Fund
- 1D
- 0.13%
- 1M
- 0.85%
- YTD
- 0.87%
- 6M
- 1.07%
- 1Y
- 4.70%
- 3Y*
- 4.42%
- 5Y*
- -0.79%
- 10Y*
- 2.17%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
HFAAX Monthly Returns History
Based on dividend-adjusted daily data since Oct 2, 2003, HFAAX's average daily return is +0.01%, while the average monthly return is +0.31%. At this rate, an investment would double in approximately 18.7 years.
Historically, 66% of months were positive and 34% were negative. The best month was May 2009 with a return of +10.8%, while the worst month was Oct 2008 at -20.7%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 6 months.
On a daily basis, HFAAX closed higher 43% of trading days. The best single day was Jan 6, 2009 with a return of +3.3%, while the worst single day was Oct 10, 2008 at -3.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.32% | 0.17% | -1.69% | 0.98% | 0.86% | 0.26% | 0.87% | ||||||
| 2025 | -0.12% | 1.16% | -0.86% | 1.25% | 0.06% | 1.24% | 0.20% | 0.82% | 0.89% | 0.49% | 0.28% | 0.21% | 5.75% |
| 2024 | -0.66% | -2.01% | 1.44% | -3.17% | 0.94% | 1.32% | 2.65% | 1.67% | 1.25% | -2.67% | 2.31% | -1.34% | 1.52% |
| 2023 | 4.17% | -3.75% | 4.06% | 0.34% | -1.60% | -1.98% | 0.22% | -0.36% | -2.79% | -1.43% | 5.08% | 4.75% | 6.35% |
| 2022 | -1.63% | -1.35% | -3.01% | -3.97% | -0.35% | -2.59% | 4.65% | -4.89% | -5.03% | -0.61% | 3.52% | -2.45% | -16.76% |
| 2021 | -0.37% | -1.67% | -0.57% | 0.55% | 0.20% | 1.11% | 1.53% | -0.01% | -0.64% | -1.08% | -0.21% | 0.40% | -0.78% |
Benchmark Metrics
Janus Henderson Developed World Bond Fund has an annualized alpha of 3.11%, beta of 0.04, and R2 of 0.02 versus S&P 500 Index. Calculated based on daily prices since October 02, 2003.
- This fund participated in 36.76% of S&P 500 Index downside but only 29.99% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.04 may look defensive, but with R2 of 0.02 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.02 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 3.11%
- Beta
- 0.04
- R²
- 0.02
- Upside Capture
- 29.99%
- Downside Capture
- 36.76%
Expense Ratio
HFAAX has an expense ratio of 0.83%, placing it in the medium range.
Return for Risk
Risk / Return Rank
HFAAX ranks 59 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Janus Henderson Developed World Bond Fund (HFAAX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| HFAAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.08 | ||
| Sortino ratioReturn per unit of downside risk | +0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.37 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.23 | 2.78 | -0.55 |
| Martin ratioReturn relative to average drawdown | 8.56 | 12.44 | -3.88 |
Dividends
Dividend History
Janus Henderson Developed World Bond Fund provided a 3.70% dividend yield over the last twelve months, with an annual payout of $0.29 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.29 | $0.28 | $0.22 | $0.18 | $0.66 | $0.13 | $0.43 | $0.33 | $0.44 | $0.26 | $0.23 | $0.30 |
Dividend yield | 3.70% | 3.51% | 2.90% | 2.32% | 8.76% | 1.33% | 4.31% | 3.44% | 4.86% | 2.69% | 2.44% | 3.34% |
Monthly Dividends
The table displays the monthly dividend distributions for Janus Henderson Developed World Bond Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.00 | $0.13 | ||||||
| 2025 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.28 |
| 2024 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.22 |
| 2023 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.02 | $0.02 | $0.01 | $0.01 | $0.02 | $0.01 | $0.02 | $0.18 |
| 2022 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.55 | $0.66 |
| 2021 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.13 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Janus Henderson Developed World Bond Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Janus Henderson Developed World Bond Fund was 44.89%, occurring on Mar 9, 2009. Recovery took 417 trading sessions.
The current Janus Henderson Developed World Bond Fund drawdown is 5.71%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -44.89%Mar 2009 | 1y 4mo | 1y 7mo | 3y 1dNov 2007 - Nov 2010 |
2023 bear market2023 | -21.62%Oct 2023 | 2y 2mo | — | 4y 10moAug 2021 - now |
2011 pullback2011 | -9.60%Oct 2011 | 4mo 15d | 7mo 6d | 11mo 21dMay 2011 - May 2012 |
COVID crash2020 | -9.43%Mar 2020 | 13d | 2mo 10d | 2mo 23dMar 2020 - May 2020 |
2004 pullback2004 | -7.67%May 2004 | 3mo 19d | 6mo 8d | 9mo 27dJan 2004 - Nov 2004 |
Drawdown Indicators
| HFAAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.89% | -56.78% | +11.89% |
Max Drawdown (1Y)Largest decline over 1 year | -2.11% | -9.10% | +6.99% |
Max Drawdown (3Y)Largest decline over 3 years | -6.43% | -18.90% | +12.47% |
Max Drawdown (5Y)Largest decline over 5 years | -21.62% | -25.43% | +3.81% |
Max Drawdown (10Y)Largest decline over 10 years | -21.62% | -33.92% | +12.30% |
Current DrawdownCurrent decline from peak | -5.71% | -1.80% | -3.91% |
Average DrawdownAverage peak-to-trough decline | -5.16% | -10.71% | +5.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.55% | 2.03% | -1.48% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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