FMIEX vs. JAWGX

Last updated Aug 4, 2026

FMIEX (Wasatch Global Value Fund Investor Class Shares) and JAWGX (Janus Henderson VIT Global Research Portfolio) are both Global Equities funds. Over the past 10 years, FMIEX returned 11.74%/yr vs 13.75%/yr for JAWGX. Their 0.76 correlation means they have sometimes moved together and sometimes differently. FMIEX charges 1.10%/yr vs 0.64%/yr for JAWGX.

Performance

FMIEX vs. JAWGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Wasatch Global Value Fund Investor Class Shares (FMIEX) and Janus Henderson VIT Global Research Portfolio (JAWGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FMIEX achieves a 18.42% return, which is significantly higher than JAWGX's 9.35% return. Over the past 10 years, FMIEX has underperformed JAWGX with an annualized return of 11.74%, while JAWGX has yielded a comparatively higher 13.75% annualized return.

FMIEX

• 1D: -0.23%
• 1M: 4.43%
• 6M: 11.96%
• YTD: 18.42%
• 1Y: 33.03%
• 3Y*: 19.82%
• 5Y*: 13.41%
• 10Y*: 11.74%
• ALL TIME*: 9.80%

JAWGX

• 1D: 0.84%
• 1M: 0.39%
• 6M: 6.84%
• YTD: 9.35%
• 1Y: 17.04%
• 3Y*: 20.03%
• 5Y*: 11.67%
• 10Y*: 13.75%
• ALL TIME*: 9.29%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FMIEX Wasatch Global Value Fund Investor Class Shares	$0.00	$0.00	$0.00
JAWGX Janus Henderson VIT Global Research Portfolio	$0.00	$0.00	$0.00

FMIEX vs. JAWGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FMIEX Wasatch Global Value Fund Investor Class Shares	18.42%	30.93%	8.66%	5.67%	-0.12%	25.11%	2.04%	17.27%	-5.67%	11.21%
JAWGX Janus Henderson VIT Global Research Portfolio	9.35%	20.97%	23.56%	26.77%	-19.21%	18.12%	19.64%	29.06%	-6.86%	27.03%

Correlation

The correlation between FMIEX and JAWGX is 0.49, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.50
Correlation (3Y) Balances recent behavior with more history.	0.50
Correlation (5Y) Shows whether the relationship held over a longer period.	0.64
Correlation (10Y) Provides a long-term view across more market conditions.	0.70
Correlation (All Time) Calculated using the full available price history since Sep 25, 1996	0.76

Over the past year, the correlation between FMIEX and JAWGX has dropped to 0.49 - well below their long-term average of 0.76, suggesting their price drivers have been diverging.

Return for Risk

FMIEX vs. JAWGX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FMIEX

FMIEX Risk / Return Rank: 97
FMIEX Sharpe Ratio Rank: 99
FMIEX Sortino Ratio Rank: 98
FMIEX Omega Ratio Rank: 96
FMIEX Calmar Ratio Rank: 96
FMIEX Martin Ratio Rank: 96

JAWGX

JAWGX Risk / Return Rank: 33
JAWGX Sharpe Ratio Rank: 31
JAWGX Sortino Ratio Rank: 32
JAWGX Omega Ratio Rank: 30
JAWGX Calmar Ratio Rank: 30
JAWGX Martin Ratio Rank: 40

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FMIEX vs. JAWGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Wasatch Global Value Fund Investor Class Shares (FMIEX) and Janus Henderson VIT Global Research Portfolio (JAWGX). 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.

	FMIEX	JAWGX	Difference
Sharpe ratio: Return per unit of total volatility	3.44	1.12	+2.32
Sortino ratio: Return per unit of downside risk	5.03	1.65	+3.38
Omega ratio: Gain probability vs. loss probability	1.61	1.20	+0.41
Calmar ratio: Return relative to maximum drawdown	4.64	1.45	+3.19
Martin ratio: Return relative to average drawdown	18.03	6.24	+11.79

FMIEX vs. JAWGX - Sharpe Ratio Comparison

The current FMIEX Sharpe Ratio is 3.44, which is higher than the JAWGX Sharpe Ratio of 1.12. The chart below compares the historical Sharpe Ratios of FMIEX and JAWGX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FMIEX vs. JAWGX - Drawdown Comparison

The maximum FMIEX drawdown since its inception was -49.85%, smaller than the maximum JAWGX drawdown of -70.46%. Use the drawdown chart below to compare losses from any high point for FMIEX and JAWGX.

Drawdown Indicators

	FMIEX	JAWGX	Difference
Max Drawdown Largest peak-to-trough decline	-49.85%	-70.46%	+20.61%
Max Drawdown (1Y) Largest decline over 1 year	-7.04%	-10.75%	+3.71%
Max Drawdown (3Y) Largest decline over 3 years	-9.52%	-17.23%	+7.71%
Max Drawdown (5Y) Largest decline over 5 years	-18.63%	-28.58%	+9.95%
Max Drawdown (10Y) Largest decline over 10 years	-39.33%	-34.80%	-4.53%
Current Drawdown Current decline from peak	-0.23%	-0.32%	+0.09%
Average Drawdown Average peak-to-trough decline	-6.55%	-22.04%	+15.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.81%	2.49%	-0.68%

Volatility

FMIEX vs. JAWGX - Volatility Comparison

The current volatility for Wasatch Global Value Fund Investor Class Shares (FMIEX) is 2.55%, while Janus Henderson VIT Global Research Portfolio (JAWGX) has a volatility of 4.26%. This indicates that FMIEX experiences smaller price fluctuations and is considered to be less risky than JAWGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FMIEX	JAWGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.55%	4.26%	-1.71%
Volatility (6M) Calculated over the trailing 6-month period	7.53%	11.64%	-4.11%
Volatility (1Y) Calculated over the trailing 1-year period	9.55%	13.94%	-4.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.57%	17.57%	-5.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.65%	17.94%	-2.29%

FMIEX vs. JAWGX - Expense Ratio Comparison

FMIEX has a 1.10% expense ratio, which is higher than JAWGX's 0.64% expense ratio.

Dividends

FMIEX vs. JAWGX - Dividend Comparison

FMIEX's dividend yield for the trailing twelve months is around 4.84%, less than JAWGX's 8.74% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FMIEX Wasatch Global Value Fund Investor Class Shares	4.84%	5.76%	9.02%	3.27%	8.54%	4.34%	1.74%	3.82%	18.46%	16.45%	5.16%	11.75%
JAWGX Janus Henderson VIT Global Research Portfolio	8.74%	9.24%	3.81%	3.46%	14.54%	5.09%	5.34%	6.73%	1.27%	0.75%	1.06%	0.69%

Frequently Asked Questions

Can I hold both FMIEX and JAWGX in my portfolio?

FMIEX and JAWGX have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FMIEX or JAWGX?

JAWGX has higher volatility (4.26%) compared to FMIEX (2.55%). In terms of maximum drawdown, FMIEX dropped -49.85% vs JAWGX's -70.46%.

Which has better risk-adjusted returns?

FMIEX currently has the higher Sharpe Ratio (3.44 vs 1.12), 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.