FNIAX vs. JATIX

Last updated Aug 3, 2026

FNIAX (Fidelity Advisor New Insights Fund Class A) and JATIX (Janus Henderson Global Technology and Innovation Fund Class I) are both mutual funds - FNIAX is a Large Cap Growth Equities fund actively managed by Fidelity, while JATIX is a Technology Equities fund managed by Janus Henderson. Over the past 10 years, FNIAX returned 15.59%/yr vs 22.08%/yr for JATIX. Their correlation of 0.92 means they have usually moved in the same direction. FNIAX charges 1.07%/yr vs 0.76%/yr for JATIX.

Performance

FNIAX vs. JATIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor New Insights Fund Class A (FNIAX) and Janus Henderson Global Technology and Innovation Fund Class I (JATIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FNIAX achieves a 6.22% return, which is significantly lower than JATIX's 18.32% return. Over the past 10 years, FNIAX has underperformed JATIX with an annualized return of 15.59%, while JATIX has yielded a comparatively higher 22.08% annualized return.

FNIAX

• 1D: 1.39%
• 1M: -4.38%
• 6M: 4.19%
• YTD: 6.22%
• 1Y: 15.53%
• 3Y*: 22.70%
• 5Y*: 13.02%
• 10Y*: 15.59%
• ALL TIME*: 11.49%

JATIX

• 1D: 6.74%
• 1M: -6.32%
• 6M: 15.74%
• YTD: 18.32%
• 1Y: 27.46%
• 3Y*: 28.45%
• 5Y*: 13.97%
• 10Y*: 22.08%
• ALL TIME*: 19.90%

*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)
FNIAX Fidelity Advisor New Insights Fund Class A	$0.00	$0.00	$0.00
JATIX Janus Henderson Global Technology and Innovation Fund Class I	$0.00	$0.00	$0.00

FNIAX vs. JATIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FNIAX Fidelity Advisor New Insights Fund Class A	6.22%	21.17%	34.94%	35.97%	-26.57%	24.40%	23.62%	29.17%	-4.67%	28.07%
JATIX Janus Henderson Global Technology and Innovation Fund Class I	18.32%	25.04%	32.38%	55.38%	-37.60%	17.57%	51.25%	45.27%	0.97%	44.79%

Correlation

The correlation between FNIAX and JATIX is 0.81, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.81
Correlation (3Y) Balances recent behavior with more history.	0.88
Correlation (5Y) Shows whether the relationship held over a longer period.	0.91
Correlation (10Y) Provides a long-term view across more market conditions.	0.91
Correlation (All Time) Calculated using the full available price history since Jul 6, 2009	0.92

The correlation between FNIAX and JATIX shifts across timeframes, from 0.81 (1 year) to 0.92 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FNIAX vs. JATIX — Risk / Return Rank

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

FNIAX

FNIAX Risk / Return Rank: 31
FNIAX Sharpe Ratio Rank: 28
FNIAX Sortino Ratio Rank: 28
FNIAX Omega Ratio Rank: 28
FNIAX Calmar Ratio Rank: 34
FNIAX Martin Ratio Rank: 36

JATIX

JATIX Risk / Return Rank: 29
JATIX Sharpe Ratio Rank: 28
JATIX Sortino Ratio Rank: 28
JATIX Omega Ratio Rank: 29
JATIX Calmar Ratio Rank: 31
JATIX Martin Ratio Rank: 31

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.

FNIAX vs. JATIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor New Insights Fund Class A (FNIAX) and Janus Henderson Global Technology and Innovation Fund Class I (JATIX). 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.

	FNIAX	JATIX	Difference
Sharpe ratio: Return per unit of total volatility	0.91	0.91	0.00
Sortino ratio: Return per unit of downside risk	1.36	1.35	+0.01
Omega ratio: Gain probability vs. loss probability	1.17	1.17	-0.01
Calmar ratio: Return relative to maximum drawdown	1.42	1.33	+0.10
Martin ratio: Return relative to average drawdown	5.20	4.38	+0.83

FNIAX vs. JATIX - Sharpe Ratio Comparison

The current FNIAX Sharpe Ratio is 0.91, which is comparable to the JATIX Sharpe Ratio of 0.91. The chart below compares the historical Sharpe Ratios of FNIAX and JATIX, 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

FNIAX vs. JATIX - Drawdown Comparison

The maximum FNIAX drawdown since its inception was -49.69%, which is greater than JATIX's maximum drawdown of -46.43%. Use the drawdown chart below to compare losses from any high point for FNIAX and JATIX.

Drawdown Indicators

	FNIAX	JATIX	Difference
Max Drawdown Largest peak-to-trough decline	-49.69%	-46.43%	-3.26%
Max Drawdown (1Y) Largest decline over 1 year	-10.41%	-18.53%	+8.12%
Max Drawdown (3Y) Largest decline over 3 years	-20.61%	-23.92%	+3.31%
Max Drawdown (5Y) Largest decline over 5 years	-31.98%	-46.43%	+14.45%
Max Drawdown (10Y) Largest decline over 10 years	-31.98%	-46.43%	+14.45%
Current Drawdown Current decline from peak	-7.24%	-13.04%	+5.80%
Average Drawdown Average peak-to-trough decline	-7.21%	-6.73%	-0.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.84%	5.60%	-2.76%

Volatility

FNIAX vs. JATIX - Volatility Comparison

The current volatility for Fidelity Advisor New Insights Fund Class A (FNIAX) is 4.57%, while Janus Henderson Global Technology and Innovation Fund Class I (JATIX) has a volatility of 12.44%. This indicates that FNIAX experiences smaller price fluctuations and is considered to be less risky than JATIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FNIAX	JATIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.57%	12.44%	-7.87%
Volatility (6M) Calculated over the trailing 6-month period	13.09%	23.71%	-10.62%
Volatility (1Y) Calculated over the trailing 1-year period	16.20%	26.97%	-10.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.35%	27.50%	-8.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.37%	25.09%	-5.72%

FNIAX vs. JATIX - Expense Ratio Comparison

FNIAX has a 1.07% expense ratio, which is higher than JATIX's 0.76% expense ratio.

Dividends

FNIAX vs. JATIX - Dividend Comparison

FNIAX's dividend yield for the trailing twelve months is around 8.80%, less than JATIX's 11.14% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FNIAX Fidelity Advisor New Insights Fund Class A	8.80%	8.96%	5.85%	6.18%	17.12%	12.66%	8.14%	6.48%	13.78%	7.61%	4.99%	4.40%
JATIX Janus Henderson Global Technology and Innovation Fund Class I	11.14%	13.19%	11.48%	0.76%	0.00%	15.67%	8.94%	8.47%	6.65%	7.41%	4.80%	7.71%

Frequently Asked Questions

Can I hold both FNIAX and JATIX in my portfolio?

FNIAX and JATIX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FNIAX or JATIX?

JATIX has higher volatility (12.44%) compared to FNIAX (4.57%). In terms of maximum drawdown, FNIAX dropped -49.69% vs JATIX's -46.43%.

Which has better risk-adjusted returns?

FNIAX currently has the higher Sharpe Ratio (0.91 vs 0.91), 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.