HDQVX vs. HDDVX

Last updated Jun 3, 2026

HDQVX (Janus Henderson International Dividend Fund Class S) and HDDVX (Janus Henderson International Dividend Fund Class D) are both Global Equity Income funds from Janus Henderson. Both are actively managed. Over the past 5 years, HDQVX returned 12.14%/yr vs 12.19%/yr for HDDVX. With a 1.00 correlation, they move nearly in lockstep. HDQVX charges 1.27%/yr vs 0.90%/yr for HDDVX.

Performance

HDQVX vs. HDDVX - Performance Comparison

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

Returns By Period

The year-to-date returns for both investments are quite close, with HDQVX having a 14.81% return and HDDVX slightly higher at 14.90%.

HDQVX

• 1D: 0.53%
• 1M: 6.04%
• YTD: 14.81%
• 6M: 18.09%
• 1Y: 26.04%
• 3Y*: 20.14%
• 5Y*: 12.14%
• 10Y*: —

HDDVX

• 1D: 0.58%
• 1M: 6.11%
• YTD: 14.90%
• 6M: 18.23%
• 1Y: 26.35%
• 3Y*: 20.30%
• 5Y*: 12.19%
• 10Y*: —

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

HDQVX vs. HDDVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HDQVX Janus Henderson International Dividend Fund Class S	14.81%	29.00%	8.58%	18.06%	-8.69%	11.67%	5.11%	18.91%	-9.41%	6.69%
HDDVX Janus Henderson International Dividend Fund Class D	14.90%	29.23%	8.73%	17.97%	-8.67%	11.66%	5.15%	18.72%	-9.14%	6.86%

Correlation

The correlation between HDQVX and HDDVX 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 12, 2017	1.00

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

Return for Risk

HDQVX vs. HDDVX — Risk / Return Rank

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

HDQVX

HDQVX Risk / Return Rank: 42
HDQVX Sharpe Ratio Rank: 46
HDQVX Sortino Ratio Rank: 41
HDQVX Omega Ratio Rank: 46
HDQVX Calmar Ratio Rank: 38
HDQVX Martin Ratio Rank: 38

HDDVX

HDDVX Risk / Return Rank: 43
HDDVX Sharpe Ratio Rank: 47
HDDVX Sortino Ratio Rank: 42
HDDVX Omega Ratio Rank: 47
HDDVX Calmar Ratio Rank: 39
HDDVX Martin Ratio Rank: 39

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.

HDQVX vs. HDDVX - Risk-Adjusted Trends Comparison

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

	HDQVX	HDDVX	Difference
Sharpe ratio Return per unit of total volatility	2.00	2.03	-0.03
Sortino ratio Return per unit of downside risk	2.68	2.71	-0.03
Omega ratio Gain probability vs. loss probability	1.37	1.37	-0.01
Calmar ratio Return relative to maximum drawdown	2.34	2.37	-0.02
Martin ratio Return relative to average drawdown	8.44	8.54	-0.10
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HDQVX vs. HDDVX - Sharpe Ratio Comparison

The current HDQVX Sharpe Ratio is 2.00, which is comparable to the HDDVX Sharpe Ratio of 2.03. The chart below compares the historical Sharpe Ratios of HDQVX and HDDVX, 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

	HDQVX	HDDVX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.00	2.03	-0.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.89	0.90	0.00
Sharpe Ratio (All Time) Calculated using the full available price history	0.72	0.73	-0.01

Drawdowns

HDQVX vs. HDDVX - Drawdown Comparison

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

Drawdown Indicators

	HDQVX	HDDVX	Difference
Max Drawdown Largest peak-to-trough decline	-28.56%	-28.60%	+0.04%
Max Drawdown (1Y) Largest decline over 1 year	-11.33%	-11.32%	-0.01%
Max Drawdown (3Y) Largest decline over 3 years	-13.03%	-13.01%	-0.02%
Max Drawdown (5Y) Largest decline over 5 years	-22.94%	-22.99%	+0.05%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-4.54%	-4.48%	-0.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.14%	3.14%	0.00%

Volatility

HDQVX vs. HDDVX - Volatility Comparison

Janus Henderson International Dividend Fund Class S (HDQVX) and Janus Henderson International Dividend Fund Class D (HDDVX) have volatilities of 4.74% and 4.72%, 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

	HDQVX	HDDVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.74%	4.72%	+0.02%
Volatility (6M) Calculated over the trailing 6-month period	11.00%	10.97%	+0.03%
Volatility (1Y) Calculated over the trailing 1-year period	13.46%	13.44%	+0.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.65%	13.66%	-0.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.84%	13.85%	-0.01%

HDQVX vs. HDDVX - Expense Ratio Comparison

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

Dividends

HDQVX vs. HDDVX - Dividend Comparison

HDQVX's dividend yield for the trailing twelve months is around 6.57%, less than HDDVX's 6.67% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
HDDVX Janus Henderson International Dividend Fund Class D	6.67%	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	6.57%	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 HDQVX and HDDVX in my portfolio?

With a correlation of 1.00, HDQVX and HDDVX 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, HDQVX or HDDVX?

HDQVX has higher volatility (4.74%) compared to HDDVX (4.72%). In terms of maximum drawdown, HDQVX dropped -28.56% vs HDDVX's -28.60%.

Which has better risk-adjusted returns?

HDDVX currently has the higher Sharpe Ratio (2.03 vs 2.00), 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.