- Issuer
- Janus Henderson
- Inception Date
- Aug 31, 2001
- Category
- Europe Equities
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
HFEDX Performance Chart
Janus Henderson European Focus Fund Class D (HFEDX) is up 6.7% since the beginning of the year. HFEDX is currently trading at $65 per share. Investors who bought $1,000 worth of HFEDX shares 5 years ago would now be looking at an investment worth $1,617.
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Returns By Period
Janus Henderson European Focus Fund Class D (HFEDX) has returned 6.68% so far this year and 22.22% over the past 12 months.
Janus Henderson European Focus Fund Class D
- 1D
- 0.91%
- 1M
- 2.84%
- YTD
- 6.68%
- 6M
- 7.10%
- 1Y
- 22.22%
- 3Y*
- 17.38%
- 5Y*
- 10.09%
- 10Y*
- —
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%
HFEDX Monthly Returns History
Based on dividend-adjusted daily data since Jun 9, 2017, HFEDX's average daily return is +0.04%, while the average monthly return is +0.92%. At this rate, an investment would double in approximately 6.3 years.
Historically, 60% of months were positive and 40% were negative. The best month was Nov 2022 with a return of +13.8%, while the worst month was Mar 2020 at -11.1%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 4 months.
On a daily basis, HFEDX closed higher 53% of trading days. The best single day was Mar 24, 2020 with a return of +7.8%, 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 | 2.86% | 0.51% | -9.50% | 8.68% | 3.36% | 1.51% | 6.68% | ||||||
| 2025 | 6.76% | 2.82% | 0.64% | 6.40% | 5.71% | 2.58% | -1.77% | 3.32% | 2.74% | 1.07% | 0.67% | 3.67% | 40.19% |
| 2024 | -0.46% | 5.10% | 4.33% | -3.27% | 5.93% | -3.42% | 1.37% | 3.16% | -0.54% | -5.27% | -1.22% | -2.67% | 2.31% |
| 2023 | 8.60% | -1.70% | 2.14% | 2.05% | -5.01% | 4.83% | 2.71% | -3.70% | -4.99% | -2.60% | 11.49% | 4.79% | 18.49% |
| 2022 | -7.13% | -5.22% | 2.18% | -5.79% | 1.25% | -9.14% | 7.90% | -7.73% | -10.32% | 7.61% | 13.80% | -1.41% | -15.97% |
| 2021 | -1.71% | 3.64% | 2.28% | 6.13% | 4.65% | -2.50% | 4.17% | 0.87% | -4.70% | 5.63% | -4.54% | 4.51% | 19.07% |
Benchmark Metrics
Janus Henderson European Focus Fund Class D has an annualized alpha of 0.40%, beta of 0.76, and R2 of 0.57 versus S&P 500 Index. Calculated based on daily prices since June 09, 2017.
- This fund participated in 95.62% of S&P 500 Index downside but only 83.86% of its upside - more exposed to losses than it benefited from rallies.
- Alpha
- 0.40%
- Beta
- 0.76
- R²
- 0.57
- Upside Capture
- 83.86%
- Downside Capture
- 95.62%
Expense Ratio
HFEDX has a high expense ratio of 1.09%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
HFEDX ranks 22 for risk / return — below 22% 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 Class D (HFEDX) 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.
| HFEDX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.77 | ||
| Sortino ratioReturn per unit of downside risk | -0.91 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.37 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.50 | 2.78 | -1.28 |
| Martin ratioReturn relative to average drawdown | 5.40 | 12.44 | -7.04 |
Dividends
Dividend History
Janus Henderson European Focus Fund Class D provided a 1.24% dividend yield over the last twelve months, with an annual payout of $0.81 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.81 | $0.81 | $0.74 | $1.05 | $1.00 | $0.14 | $0.17 | $0.38 | $1.13 | $0.78 |
Dividend yield | 1.24% | 1.33% | 1.68% | 2.38% | 2.64% | 0.31% | 0.45% | 1.22% | 4.73% | 2.26% |
Monthly Dividends
The table displays the monthly dividend distributions for Janus Henderson European Focus Fund Class D. 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 | $0.81 | $0.81 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.74 | $0.74 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.05 | $1.05 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.00 | $1.00 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.14 | $0.14 |
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 Class D. 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 Class D was 36.47%, occurring on Mar 18, 2020. Recovery took 102 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -36.47%Mar 2020 | 2y 1mo | 4mo 27d | 2y 6moJan 2018 - Aug 2020 |
Bear market2022 | -33.04%Sep 2022 | 10mo 20d | 1y 4mo | 2y 3moNov 2021 - Feb 2024 |
2026 correction2026 | -14.41%Mar 2026 | 1mo 21d | 2mo 27d | 4mo 18dJan 2026 - Jun 2026 |
2025 selloff2025 | -13.89%Apr 2025 | 19d | 18d | 1mo 7dMar 2025 - Apr 2025 |
2024 correction2024 | -10.90%Dec 2024 | 2mo 21d | 2mo | 4mo 21dSep 2024 - Feb 2025 |
Drawdown Indicators
| HFEDX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.47% | -56.78% | +20.31% |
Max Drawdown (1Y)Largest decline over 1 year | -14.41% | -9.10% | -5.31% |
Max Drawdown (3Y)Largest decline over 3 years | -14.41% | -18.90% | +4.49% |
Max Drawdown (5Y)Largest decline over 5 years | -33.04% | -25.43% | -7.61% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -9.13% | -10.71% | +1.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.00% | 2.03% | +1.97% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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