GPICX vs. JNSTX

Last updated Jun 4, 2026

GPICX (GuidepathConservative Income Fund) and JNSTX (Janus Henderson Short Duration Flexible Bond Fund) are both Short-Term Bond funds. Over the past 5 years, GPICX returned 2.42%/yr vs 2.18%/yr for JNSTX. At a 0.29 correlation, their price movements are largely independent. GPICX charges 0.75%/yr vs 0.53%/yr for JNSTX.

Performance

GPICX vs. JNSTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GuidepathConservative Income Fund (GPICX) and Janus Henderson Short Duration Flexible Bond Fund (JNSTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GPICX achieves a 0.99% return, which is significantly lower than JNSTX's 1.13% return.

GPICX

• 1D: 0.00%
• 1M: 0.14%
• YTD: 0.99%
• 6M: 1.28%
• 1Y: 3.43%
• 3Y*: 4.09%
• 5Y*: 2.42%
• 10Y*: —

JNSTX

• 1D: 0.00%
• 1M: 0.71%
• YTD: 1.13%
• 6M: 1.52%
• 1Y: 4.99%
• 3Y*: 5.20%
• 5Y*: 2.18%
• 10Y*: 2.21%

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

GPICX vs. JNSTX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
GPICX GuidepathConservative Income Fund	0.99%	3.49%	4.73%	4.87%	-1.67%	0.08%	-0.23%	2.30%	0.80%
JNSTX Janus Henderson Short Duration Flexible Bond Fund	1.13%	5.89%	5.27%	4.67%	-5.44%	-0.09%	4.81%	4.09%	1.02%

Correlation

The correlation between GPICX and JNSTX is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.14
Correlation (3Y) Calculated over the trailing 3-year period	0.30
Correlation (5Y) Calculated over the trailing 5-year period	0.35
Correlation (All Time) Calculated using the full available price history since Jun 21, 2018	0.29

The correlation between GPICX and JNSTX shifts across timeframes, from 0.14 (1 year) to 0.35 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

GPICX vs. JNSTX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GPICX

GPICX Risk / Return Rank: 99
GPICX Sharpe Ratio Rank: 99
GPICX Sortino Ratio Rank: 99
GPICX Omega Ratio Rank: 99
GPICX Calmar Ratio Rank: 99
GPICX Martin Ratio Rank: 99

JNSTX

JNSTX Risk / Return Rank: 68
JNSTX Sharpe Ratio Rank: 38
JNSTX Sortino Ratio Rank: 49
JNSTX Omega Ratio Rank: 87
JNSTX Calmar Ratio Rank: 80
JNSTX Martin Ratio Rank: 85

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GPICX vs. JNSTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GuidepathConservative Income Fund (GPICX) and Janus Henderson Short Duration Flexible Bond Fund (JNSTX). 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.

	GPICX	JNSTX	Difference
Sharpe ratio: Return per unit of total volatility	4.17	1.80	+2.37
Sortino ratio: Return per unit of downside risk	7.91	2.97	+4.94
Omega ratio: Gain probability vs. loss probability	2.84	1.62	+1.23
Calmar ratio: Return relative to maximum drawdown	13.88	3.64	+10.24
Martin ratio: Return relative to average drawdown	69.49	16.22	+53.27
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GPICX vs. JNSTX - Sharpe Ratio Comparison

The current GPICX Sharpe Ratio is 4.17, which is higher than the JNSTX Sharpe Ratio of 1.80. The chart below compares the historical Sharpe Ratios of GPICX and JNSTX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GPICX	JNSTX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.17	1.80	+2.37
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	2.21	0.68	+1.53
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.79	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.80	0.80	+1.00

Drawdowns

GPICX vs. JNSTX - Drawdown Comparison

The maximum GPICX drawdown since its inception was -3.10%, smaller than the maximum JNSTX drawdown of -8.11%. Use the drawdown chart below to compare losses from any high point for GPICX and JNSTX.

Drawdown Indicators

	GPICX	JNSTX	Difference
Max Drawdown Largest peak-to-trough decline	-3.10%	-8.11%	+5.01%
Max Drawdown (1Y) Largest decline over 1 year	-0.25%	-1.37%	+1.12%
Max Drawdown (3Y) Largest decline over 3 years	-0.52%	-1.37%	+0.85%
Max Drawdown (5Y) Largest decline over 5 years	-2.79%	-8.11%	+5.32%
Max Drawdown (10Y) Largest decline over 10 years	—	-8.11%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.56%	-0.92%	+0.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.05%	0.31%	-0.26%

Volatility

GPICX vs. JNSTX - Volatility Comparison

The current volatility for GuidepathConservative Income Fund (GPICX) is 0.27%, while Janus Henderson Short Duration Flexible Bond Fund (JNSTX) has a volatility of 1.07%. This indicates that GPICX experiences smaller price fluctuations and is considered to be less risky than JNSTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GPICX	JNSTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.27%	1.07%	-0.80%
Volatility (6M) Calculated over the trailing 6-month period	0.62%	2.11%	-1.49%
Volatility (1Y) Calculated over the trailing 1-year period	0.83%	2.81%	-1.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.10%	3.22%	-2.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.06%	2.79%	-1.73%

GPICX vs. JNSTX - Expense Ratio Comparison

GPICX has a 0.75% expense ratio, which is higher than JNSTX's 0.53% expense ratio.

Dividends

GPICX vs. JNSTX - Dividend Comparison

GPICX's dividend yield for the trailing twelve months is around 3.80%, less than JNSTX's 4.88% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GPICX GuidepathConservative Income Fund	3.80%	3.86%	4.53%	4.23%	1.51%	0.48%	0.57%	1.67%	1.30%	0.00%	0.00%	0.00%
JNSTX Janus Henderson Short Duration Flexible Bond Fund	4.88%	4.65%	4.76%	3.12%	1.92%	1.55%	2.05%	2.33%	2.24%	1.61%	1.24%	1.30%

Frequently Asked Questions

Can I hold both GPICX and JNSTX in my portfolio?

GPICX and JNSTX have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GPICX or JNSTX?

JNSTX has higher volatility (1.07%) compared to GPICX (0.27%). In terms of maximum drawdown, GPICX dropped -3.10% vs JNSTX's -8.11%.

Which has better risk-adjusted returns?

GPICX currently has the higher Sharpe Ratio (4.17 vs 1.80), 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.