HFAAX vs. JARTX
HFAAX (Janus Henderson Developed World Bond Fund) and JARTX (Janus Henderson Forty Fund) are both mutual funds - HFAAX is a Global Bonds fund managed by Janus Henderson, while JARTX is a Large Cap Growth Equities fund managed by Janus Henderson. Over the past 10 years, HFAAX returned 1.82%/yr vs 15.73%/yr for JARTX. Their 0.13 correlation means their historical movements had little consistent relationship. HFAAX charges 0.83%/yr vs 1.20%/yr for JARTX.
Performance
HFAAX vs. JARTX - Performance Comparison
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Returns By Period
In the year-to-date period, HFAAX achieves a 0.10% return, which is significantly lower than JARTX's 4.80% return. Over the past 10 years, HFAAX has underperformed JARTX with an annualized return of 1.82%, while JARTX has yielded a comparatively higher 15.73% annualized return.
HFAAX
- 1D
- 0.26%
- 1M
- -0.95%
- 6M
- -0.21%
- YTD
- 0.10%
- 1Y
- 2.56%
- 3Y*
- 4.37%
- 5Y*
- -1.32%
- 10Y*
- 1.82%
- ALL TIME*
- 3.34%
JARTX
- 1D
- 2.83%
- 1M
- 1.96%
- 6M
- 10.02%
- YTD
- 4.80%
- 1Y
- 9.45%
- 3Y*
- 19.49%
- 5Y*
- 8.25%
- 10Y*
- 15.73%
- ALL TIME*
- 12.39%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
HFAAX vs. JARTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HFAAX Janus Henderson Developed World Bond Fund | 0.10% | 5.75% | 1.52% | 6.35% | -16.76% | -0.78% | 9.16% | 9.50% | 0.38% | 5.75% |
JARTX Janus Henderson Forty Fund | 4.80% | 17.88% | 27.76% | 39.50% | -33.81% | 22.30% | 38.69% | 36.30% | 1.10% | 29.05% |
Correlation
The correlation between HFAAX and JARTX is 0.36, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.36 |
Correlation (3Y) Balances recent behavior with more history. | 0.16 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.18 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.11 |
Correlation (All Time) Calculated using the full available price history since Oct 2, 2003 | 0.13 |
Over the past year, HFAAX and JARTX have become more correlated (0.36) than their long-term average of 0.13, meaning their price movements have been converging.
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Return for Risk
HFAAX vs. JARTX — Risk / Return Rank
HFAAX
JARTX
HFAAX vs. JARTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Developed World Bond Fund (HFAAX) and Janus Henderson Forty Fund (JARTX). 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.
| HFAAX | JARTX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.57 | ||
| Sortino ratioReturn per unit of downside risk | +0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.11 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.28 | 0.60 | +0.68 |
| Martin ratioReturn relative to average drawdown | 4.30 | 1.82 | +2.48 |
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Drawdowns
HFAAX vs. JARTX - Drawdown Comparison
The maximum HFAAX drawdown since its inception was -44.89%, smaller than the maximum JARTX drawdown of -56.70%. Use the drawdown chart below to compare losses from any high point for HFAAX and JARTX.
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Drawdown Indicators
| HFAAX | JARTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.89% | -56.70% | +11.81% |
Max Drawdown (1Y)Largest decline over 1 year | -2.11% | -19.19% | +17.08% |
Max Drawdown (3Y)Largest decline over 3 years | -5.27% | -22.22% | +16.95% |
Max Drawdown (5Y)Largest decline over 5 years | -21.61% | -41.09% | +19.48% |
Max Drawdown (10Y)Largest decline over 10 years | -21.62% | -41.09% | +19.47% |
Current DrawdownCurrent decline from peak | -6.43% | -3.67% | -2.76% |
Average DrawdownAverage peak-to-trough decline | -5.17% | -16.77% | +11.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.63% | 6.36% | -5.73% |
Volatility
HFAAX vs. JARTX - Volatility Comparison
The current volatility for Janus Henderson Developed World Bond Fund (HFAAX) is 0.92%, while Janus Henderson Forty Fund (JARTX) has a volatility of 6.99%. This indicates that HFAAX experiences smaller price fluctuations and is considered to be less risky than JARTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HFAAX | JARTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.92% | 6.99% | -6.07% |
Volatility (6M)Calculated over the trailing 6-month period | 2.09% | 16.11% | -14.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.35% | 19.70% | -17.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.88% | 22.39% | -16.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.72% | 21.62% | -16.90% |
HFAAX vs. JARTX - Expense Ratio Comparison
HFAAX has a 0.83% expense ratio, which is lower than JARTX's 1.20% expense ratio.
Dividends
HFAAX vs. JARTX - Dividend Comparison
HFAAX's dividend yield for the trailing twelve months is around 3.74%, less than JARTX's 13.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HFAAX Janus Henderson Developed World Bond Fund | 3.74% | 3.51% | 2.90% | 2.32% | 8.76% | 1.33% | 4.31% | 3.44% | 4.86% | 2.69% | 2.44% | 3.34% |
JARTX Janus Henderson Forty Fund | 13.03% | 13.65% | 11.51% | 9.10% | 0.06% | 10.26% | 8.38% | 7.05% | 8.95% | 14.50% | 6.57% | 15.93% |
Frequently Asked Questions
HFAAX and JARTX have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JARTX has higher volatility (6.99%) compared to HFAAX (0.92%). In terms of maximum drawdown, HFAAX dropped -44.89% vs JARTX's -56.70%.
HFAAX currently has the higher Sharpe Ratio (1.15 vs 0.59), 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.
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