AAIIX vs. JAFLX
AAIIX (Ancora Income Fund) and JAFLX (Janus Henderson VIT Flexible Bond Portfolio) are both Intermediate Core-Plus Bond funds. Over the past 10 years, AAIIX returned 3.01%/yr vs 1.95%/yr for JAFLX. At a 0.20 correlation, their price movements are largely independent. AAIIX charges 2.20%/yr vs 0.57%/yr for JAFLX.
Performance
AAIIX vs. JAFLX - Performance Comparison
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Returns By Period
In the year-to-date period, AAIIX achieves a 1.53% return, which is significantly higher than JAFLX's 0.15% return. Over the past 10 years, AAIIX has outperformed JAFLX with an annualized return of 3.01%, while JAFLX has yielded a comparatively lower 1.95% annualized return.
AAIIX
- 1D
- -0.42%
- 1M
- -0.49%
- YTD
- 1.53%
- 6M
- 1.60%
- 1Y
- 5.44%
- 3Y*
- 6.74%
- 5Y*
- 1.78%
- 10Y*
- 3.01%
JAFLX
- 1D
- -0.31%
- 1M
- 0.55%
- YTD
- 0.15%
- 6M
- 0.35%
- 1Y
- 4.09%
- 3Y*
- 4.27%
- 5Y*
- 0.12%
- 10Y*
- 1.95%
AAIIX vs. JAFLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AAIIX Ancora Income Fund | 1.53% | 2.28% | 9.23% | 9.46% | -14.32% | 9.21% | 3.72% | 11.08% | -5.60% | 6.57% |
JAFLX Janus Henderson VIT Flexible Bond Portfolio | 0.15% | 7.41% | 1.96% | 5.52% | -13.64% | -0.89% | 10.48% | 9.57% | -1.00% | 3.62% |
Correlation
The correlation between AAIIX and JAFLX is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Jan 8, 2004 | 0.20 |
Over the past year, AAIIX and JAFLX have become more correlated (0.44) than their long-term average of 0.20, meaning their price movements have been converging.
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Return for Risk
AAIIX vs. JAFLX — Risk / Return Rank
AAIIX
JAFLX
AAIIX vs. JAFLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ancora Income Fund (AAIIX) and Janus Henderson VIT Flexible Bond Portfolio (JAFLX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| AAIIX | JAFLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.22 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.30 | 1.54 | -0.24 |
| Martin ratioReturn relative to average drawdown | 3.98 | 4.45 | -0.47 |
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Drawdowns
AAIIX vs. JAFLX - Drawdown Comparison
The maximum AAIIX drawdown since its inception was -98.01%, which is greater than JAFLX's maximum drawdown of -18.06%. Use the drawdown chart below to compare losses from any high point for AAIIX and JAFLX.
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Drawdown Indicators
| AAIIX | JAFLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.01% | -18.06% | -79.95% |
Max Drawdown (1Y)Largest decline over 1 year | -4.19% | -2.87% | -1.32% |
Max Drawdown (3Y)Largest decline over 3 years | -98.01% | -6.51% | -91.50% |
Max Drawdown (5Y)Largest decline over 5 years | -98.01% | -18.06% | -79.95% |
Max Drawdown (10Y)Largest decline over 10 years | -98.01% | -18.06% | -79.95% |
Current DrawdownCurrent decline from peak | -97.80% | -1.64% | -96.16% |
Average DrawdownAverage peak-to-trough decline | -12.53% | -2.12% | -10.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.37% | 0.99% | +0.38% |
Volatility
AAIIX vs. JAFLX - Volatility Comparison
Ancora Income Fund (AAIIX) has a higher volatility of 1.26% compared to Janus Henderson VIT Flexible Bond Portfolio (JAFLX) at 1.12%. This indicates that AAIIX's price experiences larger fluctuations and is considered to be riskier than JAFLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AAIIX | JAFLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.26% | 1.12% | +0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 3.38% | 2.79% | +0.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.58% | 3.69% | +0.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2,046.08% | 6.07% | +2,040.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1,446.22% | 4.95% | +1,441.27% |
AAIIX vs. JAFLX - Expense Ratio Comparison
AAIIX has a 2.20% expense ratio, which is higher than JAFLX's 0.57% expense ratio.
Dividends
AAIIX vs. JAFLX - Dividend Comparison
AAIIX's dividend yield for the trailing twelve months is around 5.24%, less than JAFLX's 5.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAIIX Ancora Income Fund | 5.24% | 4.09% | 4.57% | 4.77% | 4.52% | 4.46% | 5.68% | 3.96% | 4.36% | 5.69% | 6.40% | 6.99% |
JAFLX Janus Henderson VIT Flexible Bond Portfolio | 5.48% | 5.34% | 5.09% | 4.27% | 4.75% | 4.84% | 2.87% | 3.31% | 3.21% | 2.98% | 2.92% | 2.90% |
Frequently Asked Questions
AAIIX and JAFLX have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AAIIX has higher volatility (1.26%) compared to JAFLX (1.12%). In terms of maximum drawdown, AAIIX dropped -98.01% vs JAFLX's -18.06%.
JAFLX currently has the higher Sharpe Ratio (1.20 vs 1.19), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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