HDQVX vs. NXG

Last updated Jun 24, 2026

HDQVX (Janus Henderson International Dividend Fund Class S) and NXG (NXG NextGen Infrastructure Income Fund) are both Global Equity Income funds. Both are actively managed. Over the past 3 years, HDQVX returned 20.65%/yr vs 35.19%/yr for NXG. At a 0.31 correlation, their price movements are largely independent. HDQVX charges 1.27%/yr vs 1.00%/yr for NXG.

Performance

HDQVX vs. NXG - Performance Comparison

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

Returns By Period

In the year-to-date period, HDQVX achieves a 17.03% return, which is significantly lower than NXG's 23.01% return.

HDQVX

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

NXG

• 1D: -1.50%
• 1M: 2.51%
• YTD: 23.01%
• 6M: 24.66%
• 1Y: 36.02%
• 3Y*: 35.19%
• 5Y*: —
• 10Y*: —

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

HDQVX vs. NXG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
HDQVX Janus Henderson International Dividend Fund Class S	17.03%	29.00%	8.58%	18.06%	9.61%
NXG NXG NextGen Infrastructure Income Fund	23.01%	25.98%	51.16%	4.54%	-4.87%

Correlation

The correlation between HDQVX and NXG is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.22
Correlation (3Y) Calculated over the trailing 3-year period	0.25
Correlation (All Time) Calculated using the full available price history since Nov 1, 2022	0.31

Return for Risk

HDQVX vs. NXG — Risk / Return Rank

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

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

NXG

NXG Risk / Return Rank: 45
NXG Sharpe Ratio Rank: 47
NXG Sortino Ratio Rank: 41
NXG Omega Ratio Rank: 44
NXG Calmar Ratio Rank: 56
NXG Martin Ratio Rank: 35

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. NXG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Janus Henderson International Dividend Fund Class S (HDQVX) and NXG NextGen Infrastructure Income Fund (NXG). 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	NXG	Difference
Sharpe ratio: Return per unit of total volatility	2.12	1.86	+0.26
Sortino ratio: Return per unit of downside risk	2.80	2.47	+0.33
Omega ratio: Gain probability vs. loss probability	1.40	1.33	+0.07
Calmar ratio: Return relative to maximum drawdown	2.65	2.74	-0.09
Martin ratio: Return relative to average drawdown	9.53	7.47	+2.05

HDQVX vs. NXG - Sharpe Ratio Comparison

The current HDQVX Sharpe Ratio is 2.12, which is comparable to the NXG Sharpe Ratio of 1.86. The chart below compares the historical Sharpe Ratios of HDQVX and NXG, 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. NXG - Drawdown Comparison

The maximum HDQVX drawdown since its inception was -28.56%, which is greater than NXG's maximum drawdown of -26.14%. Use the drawdown chart below to compare losses from any high point for HDQVX and NXG.

Drawdown Indicators

	HDQVX	NXG	Difference
Max Drawdown Largest peak-to-trough decline	-28.56%	-26.14%	-2.42%
Max Drawdown (1Y) Largest decline over 1 year	-11.33%	-13.19%	+1.86%
Max Drawdown (3Y) Largest decline over 3 years	-13.03%	-26.14%	+13.11%
Max Drawdown (5Y) Largest decline over 5 years	-22.94%	—	—
Current Drawdown Current decline from peak	0.00%	-2.03%	+2.03%
Average Drawdown Average peak-to-trough decline	-4.51%	-6.54%	+2.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.15%	4.83%	-1.68%

Volatility

HDQVX vs. NXG - Volatility Comparison

Janus Henderson International Dividend Fund Class S (HDQVX) and NXG NextGen Infrastructure Income Fund (NXG) have volatilities of 5.58% and 5.41%, 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	NXG	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.58%	5.41%	+0.17%
Volatility (6M) Calculated over the trailing 6-month period	12.09%	13.94%	-1.85%
Volatility (1Y) Calculated over the trailing 1-year period	14.22%	19.44%	-5.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.82%	26.76%	-12.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.90%	26.76%	-12.86%

HDQVX vs. NXG - Expense Ratio Comparison

HDQVX has a 1.27% expense ratio, which is higher than NXG's 1.00% expense ratio.

Dividends

HDQVX vs. NXG - Dividend Comparison

HDQVX's dividend yield for the trailing twelve months is around 6.44%, less than NXG's 11.18% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
NXG NXG NextGen Infrastructure Income Fund	11.18%	12.83%	14.15%	12.00%	1.11%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both HDQVX and NXG in my portfolio?

HDQVX and NXG have a correlation of 0.22, 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 NXG?

HDQVX has higher volatility (5.58%) compared to NXG (5.41%). In terms of maximum drawdown, HDQVX dropped -28.56% vs NXG's -26.14%.

Which has better risk-adjusted returns?

HDQVX currently has the higher Sharpe Ratio (2.12 vs 1.86), 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.