HDDVX vs. HDQVX

Last updated Jun 24, 2026

HDDVX (Janus Henderson International Dividend Fund Class D) and HDQVX (Janus Henderson International Dividend Fund Class S) are both Global Equity Income funds from Janus Henderson. Both are actively managed. Over the past 5 years, HDDVX returned 12.90%/yr vs 12.84%/yr for HDQVX. With a 1.00 correlation, they move nearly in lockstep. HDDVX charges 0.90%/yr vs 1.27%/yr for HDQVX.

Performance

HDDVX vs. HDQVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Janus Henderson International Dividend Fund Class D (HDDVX) and Janus Henderson International Dividend Fund Class S (HDQVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with HDDVX having a 17.10% return and HDQVX slightly lower at 17.03%.

HDDVX

• 1D: 0.14%
• 1M: 4.73%
• YTD: 17.10%
• 6M: 17.10%
• 1Y: 29.14%
• 3Y*: 20.78%
• 5Y*: 12.90%
• 10Y*: —

HDQVX

• 1D: 0.14%
• 1M: 4.71%
• YTD: 17.03%
• 6M: 16.96%
• 1Y: 28.91%
• 3Y*: 20.65%
• 5Y*: 12.84%
• 10Y*: —

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

HDDVX vs. HDQVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HDDVX Janus Henderson International Dividend Fund Class D	17.10%	29.23%	8.73%	17.97%	-8.67%	11.66%	5.15%	18.72%	-9.14%	6.86%
HDQVX Janus Henderson International Dividend Fund Class S	17.03%	29.00%	8.58%	18.06%	-8.69%	11.67%	5.11%	18.91%	-9.41%	6.69%

Correlation

The correlation between HDDVX and HDQVX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	1.00
Correlation (3Y) Calculated over the trailing 3-year period	1.00
Correlation (5Y) Calculated over the trailing 5-year period	1.00
Correlation (All Time) Calculated using the full available price history since Jun 9, 2017	1.00

The correlation between HDDVX and HDQVX has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.

Return for Risk

HDDVX vs. HDQVX — Risk / Return Rank

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

HDDVX

HDDVX Risk / Return Rank: 56
HDDVX Sharpe Ratio Rank: 63
HDDVX Sortino Ratio Rank: 53
HDDVX Omega Ratio Rank: 63
HDDVX Calmar Ratio Rank: 53
HDDVX Martin Ratio Rank: 49

HDQVX

HDQVX Risk / Return Rank: 55
HDQVX Sharpe Ratio Rank: 61
HDQVX Sortino Ratio Rank: 53
HDQVX Omega Ratio Rank: 62
HDQVX Calmar Ratio Rank: 52
HDQVX Martin Ratio Rank: 49

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.

HDDVX vs. HDQVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Janus Henderson International Dividend Fund Class D (HDDVX) and Janus Henderson International Dividend Fund Class S (HDQVX). 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.

	HDDVX	HDQVX	Difference
Sharpe ratio: Return per unit of total volatility	2.14	2.12	+0.02
Sortino ratio: Return per unit of downside risk	2.82	2.80	+0.02
Omega ratio: Gain probability vs. loss probability	1.40	1.40	0.00
Calmar ratio: Return relative to maximum drawdown	2.68	2.65	+0.02
Martin ratio: Return relative to average drawdown	9.62	9.53	+0.09

HDDVX vs. HDQVX - Sharpe Ratio Comparison

The current HDDVX Sharpe Ratio is 2.14, which is comparable to the HDQVX Sharpe Ratio of 2.12. The chart below compares the historical Sharpe Ratios of HDDVX and HDQVX, 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

HDDVX vs. HDQVX - Drawdown Comparison

The maximum HDDVX drawdown since its inception was -28.60%, roughly equal to the maximum HDQVX drawdown of -28.56%. Use the drawdown chart below to compare losses from any high point for HDDVX and HDQVX.

Drawdown Indicators

	HDDVX	HDQVX	Difference
Max Drawdown Largest peak-to-trough decline	-28.60%	-28.56%	-0.04%
Max Drawdown (1Y) Largest decline over 1 year	-11.32%	-11.33%	+0.01%
Max Drawdown (3Y) Largest decline over 3 years	-13.01%	-13.03%	+0.02%
Max Drawdown (5Y) Largest decline over 5 years	-22.99%	-22.94%	-0.05%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-4.46%	-4.51%	+0.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.14%	3.15%	-0.01%

Volatility

HDDVX vs. HDQVX - Volatility Comparison

Janus Henderson International Dividend Fund Class D (HDDVX) and Janus Henderson International Dividend Fund Class S (HDQVX) have volatilities of 5.57% and 5.58%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HDDVX	HDQVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.57%	5.58%	-0.01%
Volatility (6M) Calculated over the trailing 6-month period	12.07%	12.09%	-0.02%
Volatility (1Y) Calculated over the trailing 1-year period	14.20%	14.22%	-0.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.83%	13.82%	+0.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.91%	13.90%	+0.01%

HDDVX vs. HDQVX - Expense Ratio Comparison

HDDVX has a 0.90% expense ratio, which is lower than HDQVX's 1.27% expense ratio.

Dividends

HDDVX vs. HDQVX - Dividend Comparison

HDDVX's dividend yield for the trailing twelve months is around 6.54%, more than HDQVX's 6.44% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
HDDVX Janus Henderson International Dividend Fund Class D	6.54%	7.61%	6.50%	3.08%	4.12%	4.58%	3.22%	3.15%	4.12%	2.32%
HDQVX Janus Henderson International Dividend Fund Class S	6.44%	7.52%	6.41%	2.94%	4.25%	4.63%	3.29%	3.26%	4.24%	2.16%

Frequently Asked Questions

Can I hold both HDDVX and HDQVX in my portfolio?

With a correlation of 1.00, HDDVX and HDQVX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, HDDVX or HDQVX?

HDQVX has higher volatility (5.58%) compared to HDDVX (5.57%). In terms of maximum drawdown, HDDVX dropped -28.60% vs HDQVX's -28.56%.

Which has better risk-adjusted returns?

HDDVX currently has the higher Sharpe Ratio (2.14 vs 2.12), 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.