HDQVX vs. JANIX

Last updated Jun 26, 2026

HDQVX (Janus Henderson International Dividend Fund Class S) and JANIX (Janus Henderson Triton Fund) are both mutual funds - HDQVX is a Global Equity Income fund actively managed by Janus Henderson, while JANIX is a Small Cap Growth Equities fund managed by Janus Henderson. Over the past 5 years, HDQVX returned 12.14%/yr vs 4.07%/yr for JANIX. A 0.71 correlation means they provide meaningful diversification when combined. HDQVX charges 1.27%/yr vs 0.78%/yr for JANIX.

Performance

HDQVX vs. JANIX - 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 Triton Fund (JANIX). 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 14.31% return and JANIX slightly higher at 14.97%.

HDQVX

• 1D: -0.48%
• 1M: 1.03%
• YTD: 14.31%
• 6M: 14.38%
• 1Y: 24.02%
• 3Y*: 19.71%
• 5Y*: 12.14%
• 10Y*: —

JANIX

• 1D: 0.97%
• 1M: 2.16%
• YTD: 14.97%
• 6M: 12.63%
• 1Y: 26.08%
• 3Y*: 14.39%
• 5Y*: 4.07%
• 10Y*: 10.98%

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

HDQVX vs. JANIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HDQVX Janus Henderson International Dividend Fund Class S	14.31%	29.00%	8.58%	18.06%	-8.69%	11.67%	5.11%	18.91%	-9.41%	6.69%
JANIX Janus Henderson Triton Fund	14.97%	9.66%	10.40%	14.68%	-23.65%	6.76%	28.56%	28.42%	-5.15%	12.09%

Correlation

The correlation between HDQVX and JANIX is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.63
Correlation (3Y) Calculated over the trailing 3-year period	0.64
Correlation (5Y) Calculated over the trailing 5-year period	0.70
Correlation (All Time) Calculated using the full available price history since Jun 9, 2017	0.71

The correlation between HDQVX and JANIX has been stable across timeframes, ranging from 0.63 to 0.71 - a consistent structural relationship.

Return for Risk

HDQVX vs. JANIX — Risk / Return Rank

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

HDQVX

HDQVX Risk / Return Rank: 45
HDQVX Sharpe Ratio Rank: 49
HDQVX Sortino Ratio Rank: 43
HDQVX Omega Ratio Rank: 50
HDQVX Calmar Ratio Rank: 42
HDQVX Martin Ratio Rank: 41

JANIX

JANIX Risk / Return Rank: 43
JANIX Sharpe Ratio Rank: 39
JANIX Sortino Ratio Rank: 41
JANIX Omega Ratio Rank: 34
JANIX Calmar Ratio Rank: 46
JANIX Martin Ratio Rank: 53

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. JANIX - 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 Triton Fund (JANIX). 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.

	HDQVX	JANIX	Difference
Sharpe ratio: Return per unit of total volatility	1.68	1.52	+0.16
Sortino ratio: Return per unit of downside risk	2.26	2.24	+0.02
Omega ratio: Gain probability vs. loss probability	1.32	1.26	+0.06
Calmar ratio: Return relative to maximum drawdown	2.11	2.29	-0.18
Martin ratio: Return relative to average drawdown	7.56	9.38	-1.82

HDQVX vs. JANIX - Sharpe Ratio Comparison

The current HDQVX Sharpe Ratio is 1.68, which is comparable to the JANIX Sharpe Ratio of 1.52. The chart below compares the historical Sharpe Ratios of HDQVX and JANIX, 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

HDQVX vs. JANIX - Drawdown Comparison

The maximum HDQVX drawdown since its inception was -28.56%, smaller than the maximum JANIX drawdown of -62.76%. Use the drawdown chart below to compare losses from any high point for HDQVX and JANIX.

Drawdown Indicators

	HDQVX	JANIX	Difference
Max Drawdown Largest peak-to-trough decline	-28.56%	-62.76%	+34.20%
Max Drawdown (1Y) Largest decline over 1 year	-11.33%	-11.05%	-0.28%
Max Drawdown (3Y) Largest decline over 3 years	-13.03%	-23.89%	+10.86%
Max Drawdown (5Y) Largest decline over 5 years	-22.94%	-31.80%	+8.86%
Max Drawdown (10Y) Largest decline over 10 years	—	-39.70%	—
Current Drawdown Current decline from peak	-2.32%	-0.07%	-2.25%
Average Drawdown Average peak-to-trough decline	-4.51%	-10.01%	+5.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.16%	2.70%	+0.46%

Volatility

HDQVX vs. JANIX - Volatility Comparison

Janus Henderson International Dividend Fund Class S (HDQVX) and Janus Henderson Triton Fund (JANIX) have volatilities of 5.95% and 5.83%, 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	JANIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.95%	5.83%	+0.12%
Volatility (6M) Calculated over the trailing 6-month period	12.25%	13.24%	-0.99%
Volatility (1Y) Calculated over the trailing 1-year period	14.32%	16.74%	-2.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.84%	19.73%	-5.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.91%	20.60%	-6.69%

HDQVX vs. JANIX - Expense Ratio Comparison

HDQVX has a 1.27% expense ratio, which is higher than JANIX's 0.78% expense ratio.

Dividends

HDQVX vs. JANIX - Dividend Comparison

HDQVX's dividend yield for the trailing twelve months is around 6.59%, less than JANIX's 9.77% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HDQVX Janus Henderson International Dividend Fund Class S	6.59%	7.52%	6.41%	2.94%	4.25%	4.63%	3.29%	3.26%	4.24%	2.16%	0.00%	0.00%
JANIX Janus Henderson Triton Fund	9.77%	11.23%	7.57%	7.15%	6.24%	20.40%	4.12%	4.26%	7.50%	5.08%	2.74%	7.76%

Frequently Asked Questions

Can I hold both HDQVX and JANIX in my portfolio?

HDQVX and JANIX have a correlation of 0.63, 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 JANIX?

HDQVX has higher volatility (5.95%) compared to JANIX (5.83%). In terms of maximum drawdown, HDQVX dropped -28.56% vs JANIX's -62.76%.

Which has better risk-adjusted returns?

HDQVX currently has the higher Sharpe Ratio (1.68 vs 1.52), 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.