HDQVX vs. HFQTX

Last updated Jun 3, 2026

HDQVX (Janus Henderson International Dividend Fund Class S) and HFQTX (Janus Henderson Global Equity Income Fund Class T) are both Global Equity Income funds from Janus Henderson. HDQVX is actively managed, while HFQTX is passively managed. Over the past 5 years, HDQVX returned 12.14%/yr vs 10.33%/yr for HFQTX. Their correlation of 0.93 suggests significant overlap in exposure. HDQVX charges 1.27%/yr vs 0.95%/yr for HFQTX.

Performance

HDQVX vs. HFQTX - 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 Global Equity Income Fund Class T (HFQTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HDQVX achieves a 14.81% return, which is significantly higher than HFQTX's 11.64% return.

HDQVX

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

HFQTX

• 1D: 0.25%
• 1M: 1.65%
• YTD: 11.64%
• 6M: 14.79%
• 1Y: 25.76%
• 3Y*: 18.17%
• 5Y*: 10.33%
• 10Y*: —

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

HDQVX vs. HFQTX - 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%
HFQTX Janus Henderson Global Equity Income Fund Class T	11.64%	29.80%	7.08%	10.40%	-6.41%	12.85%	1.59%	21.13%	-15.74%	7.75%

Correlation

The correlation between HDQVX and HFQTX is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.87
Correlation (3Y) Calculated over the trailing 3-year period	0.88
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (All Time) Calculated using the full available price history since Jun 12, 2017	0.93

The correlation between HDQVX and HFQTX has been stable across timeframes, ranging from 0.87 to 0.93 - a consistent structural relationship.

Return for Risk

HDQVX vs. HFQTX — 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

HFQTX

HFQTX Risk / Return Rank: 55
HFQTX Sharpe Ratio Rank: 64
HFQTX Sortino Ratio Rank: 56
HFQTX Omega Ratio Rank: 63
HFQTX Calmar Ratio Rank: 48
HFQTX Martin Ratio Rank: 46

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. HFQTX - 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 Global Equity Income Fund Class T (HFQTX). 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	HFQTX	Difference
Sharpe ratio Return per unit of total volatility	2.00	2.35	-0.35
Sortino ratio Return per unit of downside risk	2.68	3.15	-0.47
Omega ratio Gain probability vs. loss probability	1.37	1.44	-0.08
Calmar ratio Return relative to maximum drawdown	2.34	2.66	-0.32
Martin ratio Return relative to average drawdown	8.44	9.58	-1.14
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. HFQTX - Sharpe Ratio Comparison

The current HDQVX Sharpe Ratio is 2.00, which is comparable to the HFQTX Sharpe Ratio of 2.35. The chart below compares the historical Sharpe Ratios of HDQVX and HFQTX, 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	HFQTX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.00	2.35	-0.35
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.89	0.80	+0.09
Sharpe Ratio (All Time) Calculated using the full available price history	0.72	0.55	+0.17

Drawdowns

HDQVX vs. HFQTX - Drawdown Comparison

The maximum HDQVX drawdown since its inception was -28.56%, smaller than the maximum HFQTX drawdown of -34.53%. Use the drawdown chart below to compare losses from any high point for HDQVX and HFQTX.

Drawdown Indicators

	HDQVX	HFQTX	Difference
Max Drawdown Largest peak-to-trough decline	-28.56%	-34.53%	+5.97%
Max Drawdown (1Y) Largest decline over 1 year	-11.33%	-10.02%	-1.31%
Max Drawdown (3Y) Largest decline over 3 years	-13.03%	-12.18%	-0.85%
Max Drawdown (5Y) Largest decline over 5 years	-22.94%	-21.72%	-1.22%
Current Drawdown Current decline from peak	0.00%	-2.11%	+2.11%
Average Drawdown Average peak-to-trough decline	-4.54%	-5.77%	+1.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.14%	2.79%	+0.35%

Volatility

HDQVX vs. HFQTX - Volatility Comparison

Janus Henderson International Dividend Fund Class S (HDQVX) and Janus Henderson Global Equity Income Fund Class T (HFQTX) have volatilities of 4.74% and 4.66%, 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	HFQTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.74%	4.66%	+0.08%
Volatility (6M) Calculated over the trailing 6-month period	11.00%	9.47%	+1.53%
Volatility (1Y) Calculated over the trailing 1-year period	13.46%	11.43%	+2.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.65%	13.00%	+0.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.84%	14.88%	-1.04%

HDQVX vs. HFQTX - Expense Ratio Comparison

HDQVX has a 1.27% expense ratio, which is higher than HFQTX's 0.95% expense ratio.

Dividends

HDQVX vs. HFQTX - Dividend Comparison

HDQVX's dividend yield for the trailing twelve months is around 6.57%, more than HFQTX's 6.15% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
HFQTX Janus Henderson Global Equity Income Fund Class T	6.15%	6.80%	8.18%	8.08%	8.26%	7.10%	7.47%	6.99%	7.85%	5.06%

Frequently Asked Questions

Can I hold both HDQVX and HFQTX in my portfolio?

HDQVX and HFQTX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HDQVX or HFQTX?

HDQVX has higher volatility (4.74%) compared to HFQTX (4.66%). In terms of maximum drawdown, HDQVX dropped -28.56% vs HFQTX's -34.53%.

Which has better risk-adjusted returns?

HFQTX currently has the higher Sharpe Ratio (2.35 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.