- ISIN
- US47103X6417
- CUSIP
- 47103X641
- Issuer
- Janus Henderson
- Inception Date
- Aug 30, 2001
- Category
- Europe Equities
- Min. Investment
- $2,500
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
HFEAX Performance Chart
Janus Henderson European Focus Fund (HFEAX) is up 6.6% since the beginning of the year. HFEAX is currently trading at $66 per share. Investors who bought $1,000 worth of HFEAX shares 5 years ago would now be looking at an investment worth $1,602.
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Returns By Period
Janus Henderson European Focus Fund (HFEAX) has returned 6.58% so far this year and 21.97% over the past 12 months. Over the last ten years, HFEAX has returned 9.10% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Janus Henderson European Focus Fund
- 1D
- 0.91%
- 1M
- 2.81%
- YTD
- 6.58%
- 6M
- 6.98%
- 1Y
- 21.97%
- 3Y*
- 17.15%
- 5Y*
- 9.88%
- 10Y*
- 9.10%
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%
HFEAX Monthly Returns History
Based on dividend-adjusted daily data since Sep 10, 2001, HFEAX's average daily return is +0.05%, while the average monthly return is +1.12%. At this rate, an investment would double in approximately 5.2 years.
Historically, 59% of months were positive and 41% were negative. The best month was May 2009 with a return of +20.7%, while the worst month was Oct 2008 at -25.7%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 6 months.
On a daily basis, HFEAX closed higher 54% of trading days. The best single day was Oct 13, 2008 with a return of +10.2%, while the worst single day was Mar 12, 2020 at -11.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.84% | 0.50% | -9.52% | 8.67% | 3.33% | 1.50% | 6.58% | ||||||
| 2025 | 6.72% | 2.81% | 0.61% | 6.39% | 5.69% | 2.56% | -1.80% | 3.30% | 2.72% | 1.06% | 0.64% | 3.66% | 39.88% |
| 2024 | -0.50% | 5.10% | 4.30% | -3.27% | 5.91% | -3.43% | 1.36% | 3.14% | -0.58% | -5.27% | -1.23% | -2.68% | 2.11% |
| 2023 | 8.56% | -1.68% | 2.10% | 2.04% | -5.02% | 4.79% | 2.71% | -3.72% | -5.01% | -2.64% | 11.50% | 4.78% | 18.26% |
| 2022 | -7.14% | -5.22% | 2.14% | -5.80% | 1.24% | -9.15% | 7.90% | -7.78% | -10.31% | 7.60% | 13.80% | -1.43% | -16.11% |
| 2021 | -1.72% | 3.61% | 2.27% | 6.11% | 4.64% | -2.50% | 4.14% | 0.86% | -4.73% | 5.62% | -4.56% | 4.49% | 18.83% |
Benchmark Metrics
Janus Henderson European Focus Fund has an annualized alpha of 6.11%, beta of 0.78, and R2 of 0.52 versus S&P 500 Index. Calculated based on daily prices since September 10, 2001.
- This fund captured 118.93% of S&P 500 Index gains and 101.07% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- This fund generated an annualized alpha of 6.11% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Alpha
- 6.11%
- Beta
- 0.78
- R²
- 0.52
- Upside Capture
- 118.93%
- Downside Capture
- 101.07%
Expense Ratio
HFEAX has a high expense ratio of 1.30%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
HFEAX ranks 21 for risk / return — below 21% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Janus Henderson European Focus Fund (HFEAX) 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.
| HFEAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.78 | ||
| Sortino ratioReturn per unit of downside risk | -0.93 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.37 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.48 | 2.78 | -1.31 |
| Martin ratioReturn relative to average drawdown | 5.31 | 12.44 | -7.13 |
Dividends
Dividend History
Janus Henderson European Focus Fund provided a 1.05% dividend yield over the last twelve months, with an annual payout of $0.69 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.69 | $0.69 | $0.65 | $0.97 | $0.92 | $0.06 | $0.11 | $0.31 | $1.02 | $0.59 | $0.79 | $0.24 |
Dividend yield | 1.05% | 1.12% | 1.45% | 2.18% | 2.40% | 0.13% | 0.28% | 0.98% | 4.26% | 1.70% | 2.59% | 0.72% |
Monthly Dividends
The table displays the monthly dividend distributions for Janus Henderson European Focus 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 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.69 | $0.69 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.65 | $0.65 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.97 | $0.97 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.92 | $0.92 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.06 | $0.06 |
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 European Focus 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 European Focus Fund was 66.73%, occurring on Nov 20, 2008. Recovery took 490 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -66.73%Nov 2008 | 1y 20d | 1y 11mo | 3y 2dNov 2007 - Nov 2010 |
COVID crash2020 | -36.90%Mar 2020 | 4y 10mo | 5mo 6d | 5y 3moMay 2015 - Aug 2020 |
2011 bear market2011 | -35.86%Oct 2011 | 5mo 4d | 1y 10mo | 2y 3moMay 2011 - Aug 2013 |
Bear market2022 | -33.16%Sep 2022 | 10mo 20d | 1y 4mo | 2y 3moNov 2021 - Feb 2024 |
Dot-com crash2000–2002 | -23.30%Oct 2002 | 4mo 22d | 6mo 23d | 11mo 15dMay 2002 - Apr 2003 |
Drawdown Indicators
| HFEAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.73% | -56.78% | -9.95% |
Max Drawdown (1Y)Largest decline over 1 year | -14.43% | -9.10% | -5.33% |
Max Drawdown (3Y)Largest decline over 3 years | -14.43% | -18.90% | +4.47% |
Max Drawdown (5Y)Largest decline over 5 years | -33.16% | -25.43% | -7.73% |
Max Drawdown (10Y)Largest decline over 10 years | -36.73% | -33.92% | -2.81% |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -10.85% | -10.71% | -0.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.01% | 2.03% | +1.98% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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