- ISIN
- US47103C5067
- Issuer
- Janus Henderson
- Inception Date
- Sep 1, 1992
- Category
- Diversified Portfolio
- Min. Investment
- $2,500
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
JDBAX Performance Chart
Janus Henderson Balanced Fund Class A (JDBAX) is up 3.8% since the beginning of the year. JDBAX is currently trading at $50 per share. Investors who bought $1,000 worth of JDBAX shares 5 years ago would now be looking at an investment worth $1,527.
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Returns By Period
Janus Henderson Balanced Fund Class A (JDBAX) has returned 3.84% so far this year and 14.97% over the past 12 months. Over the last ten years, JDBAX has returned 10.95% per year, falling short of the S&P 500 Index benchmark, which averaged 13.66% annually.
Janus Henderson Balanced Fund Class A
- 1D
- 0.00%
- 1M
- 3.13%
- YTD
- 3.84%
- 6M
- 3.83%
- 1Y
- 14.97%
- 3Y*
- 15.57%
- 5Y*
- 8.84%
- 10Y*
- 10.95%
Benchmark (S&P 500 Index)
- 1D
- -0.74%
- 1M
- 4.90%
- YTD
- 10.35%
- 6M
- 10.28%
- 1Y
- 26.52%
- 3Y*
- 20.83%
- 5Y*
- 12.30%
- 10Y*
- 13.66%
JDBAX Monthly Returns History
Based on dividend-adjusted daily data since Jan 25, 2005, JDBAX's average daily return is +0.03%, while the average monthly return is +0.62%. At this rate, an investment would double in approximately 9.3 years.
Historically, 63% of months were positive and 37% were negative. The best month was Oct 2011 with a return of +7.9%, while the worst month was Dec 2007 at -9.5%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 6 months.
On a daily basis, JDBAX closed higher 54% of trading days. The best single day was Apr 9, 2025 with a return of +5.9%, while the worst single day was Dec 18, 2007 at -8.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.54% | -0.83% | -4.66% | 6.30% | 2.44% | 0.30% | 3.84% | ||||||
| 2025 | 2.02% | 0.09% | -4.11% | 0.47% | 4.75% | 4.50% | 1.32% | 1.18% | 2.33% | 1.67% | 0.15% | -0.21% | 14.78% |
| 2024 | 1.89% | 2.86% | 2.09% | -3.60% | 3.62% | 3.17% | 0.35% | 2.29% | 1.71% | -1.63% | 3.81% | 2.53% | 20.54% |
| 2023 | 4.61% | -2.29% | 2.90% | 1.56% | -0.86% | 2.84% | 1.93% | -1.26% | -3.98% | -1.65% | 7.02% | 3.95% | 15.17% |
| 2022 | -4.58% | -2.15% | 0.30% | -7.02% | -0.10% | -4.96% | 6.25% | -3.37% | -7.01% | 3.93% | 4.96% | -3.30% | -16.75% |
| 2021 | -1.56% | 1.46% | 1.72% | 4.03% | 0.23% | 2.37% | 2.51% | 1.59% | -3.68% | 4.77% | -0.11% | 2.76% | 16.99% |
Benchmark Metrics
Janus Henderson Balanced Fund Class A has an annualized alpha of 2.24%, beta of 0.51, and R2 of 0.81 versus S&P 500 Index. Calculated based on daily prices since January 26, 2005.
- This fund participated in 64.84% of S&P 500 Index downside but only 62.55% of its upside - more exposed to losses than it benefited from rallies.
- This fund generated an annualized alpha of 2.24% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Beta of 0.51 indicates this fund moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 2.24%
- Beta
- 0.51
- R²
- 0.81
- Upside Capture
- 62.55%
- Downside Capture
- 64.84%
Expense Ratio
JDBAX has an expense ratio of 0.89%, placing it in the medium range.
Return for Risk
Risk / Return Rank
JDBAX ranks 35 for risk / return — below 35% 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 Balanced Fund Class A (JDBAX) and compare them to S&P 500 Index.
| JDBAX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.77 | 2.24 | -0.47 |
Sortino ratioReturn per unit of downside risk | 2.54 | 3.07 | -0.53 |
Omega ratioGain probability vs. loss probability | 1.32 | 1.41 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 1.89 | 2.93 | -1.04 |
Martin ratioReturn relative to average drawdown | 8.15 | 13.52 | -5.37 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Janus Henderson Balanced Fund Class A provided a 8.34% dividend yield over the last twelve months, with an annual payout of $4.15 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $4.15 | $4.15 | $5.32 | $0.88 | $0.66 | $1.99 | $0.96 | $1.70 | $2.11 | $1.66 | $0.71 | $1.64 |
Dividend yield | 8.34% | 8.62% | 11.67% | 2.08% | 1.76% | 4.34% | 2.35% | 4.62% | 6.84% | 5.05% | 2.43% | 5.68% |
Monthly Dividends
The table displays the monthly dividend distributions for Janus Henderson Balanced Fund Class A. 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 | $0.20 | $0.00 | $0.00 | $0.00 | $0.20 | ||||||
| 2025 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $3.56 | $4.15 |
| 2024 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $4.68 | $5.32 |
| 2023 | $0.00 | $0.00 | $0.31 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.20 | $0.88 |
| 2022 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.39 | $0.66 |
| 2021 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $1.74 | $1.99 |
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 Balanced Fund Class A. 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 Balanced Fund Class A was 34.14%, occurring on Mar 9, 2009. Recovery took 752 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -34.14%Mar 2009 | 1y 4mo | 2y 11mo | 4y 4moNov 2007 - Mar 2012 |
COVID crash2020 | -22.48%Mar 2020 | 1mo 2d | 4mo 14d | 5mo 16dFeb 2020 - Aug 2020 |
Bear market2022 | -21.63%Oct 2022 | 9mo 20d | 1y 4mo | 2y 1moDec 2021 - Feb 2024 |
2025 selloff2025 | -11.96%Apr 2025 | 1mo 17d | 1mo 26d | 3mo 13dFeb 2025 - Jun 2025 |
Rate-hike selloffLate 2018 | -11.01%Dec 2018 | 3mo 1d | 1mo 23d | 4mo 24dSep 2018 - Feb 2019 |
Drawdown Indicators
| JDBAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.14% | -56.78% | +22.64% |
Max Drawdown (1Y)Largest decline over 1 year | -8.16% | -9.10% | +0.94% |
Max Drawdown (3Y)Largest decline over 3 years | -11.96% | -18.90% | +6.94% |
Max Drawdown (5Y)Largest decline over 5 years | -21.63% | -25.43% | +3.80% |
Max Drawdown (10Y)Largest decline over 10 years | -22.48% | -33.92% | +11.44% |
Current DrawdownCurrent decline from peak | 0.00% | -0.74% | +0.74% |
Average DrawdownAverage peak-to-trough decline | -5.38% | -10.72% | +5.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.89% | 1.97% | -0.08% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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