HFAAX vs. PRSNX
Compare and contrast key facts about Janus Henderson Developed World Bond Fund (HFAAX) and T. Rowe Price Global Multi-Sector Bond Fund (PRSNX).
HFAAX is managed by Janus Henderson. It was launched on Sep 29, 2003. PRSNX is managed by T. Rowe Price. It was launched on Dec 14, 2008.
Performance
HFAAX vs. PRSNX - Performance Comparison
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HFAAX vs. PRSNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HFAAX Janus Henderson Developed World Bond Fund | -1.42% | 5.75% | 1.52% | 6.35% | -16.76% | -0.78% | 9.16% | 9.50% | 0.38% | 5.75% |
PRSNX T. Rowe Price Global Multi-Sector Bond Fund | -0.32% | 11.12% | 4.27% | 12.77% | -16.27% | 0.40% | 8.16% | 11.94% | 0.45% | 6.47% |
Returns By Period
In the year-to-date period, HFAAX achieves a -1.42% return, which is significantly lower than PRSNX's -0.32% return. Over the past 10 years, HFAAX has underperformed PRSNX with an annualized return of 2.10%, while PRSNX has yielded a comparatively higher 3.91% annualized return.
HFAAX
- 1D
- 0.13%
- 1M
- -1.90%
- YTD
- -1.42%
- 6M
- -0.45%
- 1Y
- 4.07%
- 3Y*
- 2.56%
- 5Y*
- -0.94%
- 10Y*
- 2.10%
PRSNX
- 1D
- 0.30%
- 1M
- -1.69%
- YTD
- -0.32%
- 6M
- 2.28%
- 1Y
- 8.28%
- 3Y*
- 7.91%
- 5Y*
- 1.94%
- 10Y*
- 3.91%
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HFAAX vs. PRSNX - Expense Ratio Comparison
HFAAX has a 0.83% expense ratio, which is higher than PRSNX's 0.65% expense ratio.
Return for Risk
HFAAX vs. PRSNX — Risk / Return Rank
HFAAX
PRSNX
HFAAX vs. PRSNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Developed World Bond Fund (HFAAX) and T. Rowe Price Global Multi-Sector Bond Fund (PRSNX). 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.
| HFAAX | PRSNX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.66 | 2.54 | -0.88 |
Sortino ratioReturn per unit of downside risk | 2.32 | 4.11 | -1.79 |
Omega ratioGain probability vs. loss probability | 1.37 | 1.57 | -0.20 |
Calmar ratioReturn relative to maximum drawdown | 2.20 | 3.84 | -1.64 |
Martin ratioReturn relative to average drawdown | 9.00 | 14.13 | -5.14 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HFAAX | PRSNX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.66 | 2.54 | -0.88 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.16 | 0.46 | -0.62 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | 0.96 | -0.51 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 1.42 | -0.76 |
Correlation
The correlation between HFAAX and PRSNX is 0.61, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
HFAAX vs. PRSNX - Dividend Comparison
HFAAX's dividend yield for the trailing twelve months is around 3.39%, less than PRSNX's 8.95% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HFAAX Janus Henderson Developed World Bond Fund | 3.39% | 3.51% | 2.90% | 2.32% | 8.76% | 1.33% | 4.31% | 3.44% | 4.86% | 2.69% | 2.44% | 3.34% |
PRSNX T. Rowe Price Global Multi-Sector Bond Fund | 8.95% | 9.51% | 5.09% | 5.08% | 3.30% | 3.95% | 3.68% | 6.33% | 4.89% | 3.59% | 3.44% | 3.60% |
Drawdowns
HFAAX vs. PRSNX - Drawdown Comparison
The maximum HFAAX drawdown since its inception was -44.89%, which is greater than PRSNX's maximum drawdown of -19.70%. Use the drawdown chart below to compare losses from any high point for HFAAX and PRSNX.
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Drawdown Indicators
| HFAAX | PRSNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.89% | -19.70% | -25.19% |
Max Drawdown (1Y)Largest decline over 1 year | -2.11% | -2.19% | +0.08% |
Max Drawdown (5Y)Largest decline over 5 years | -21.62% | -19.70% | -1.92% |
Max Drawdown (10Y)Largest decline over 10 years | -21.62% | -19.70% | -1.92% |
Current DrawdownCurrent decline from peak | -7.85% | -1.88% | -5.97% |
Average DrawdownAverage peak-to-trough decline | -5.15% | -2.42% | -2.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.52% | 0.60% | -0.08% |
Volatility
HFAAX vs. PRSNX - Volatility Comparison
Janus Henderson Developed World Bond Fund (HFAAX) and T. Rowe Price Global Multi-Sector Bond Fund (PRSNX) have volatilities of 1.10% and 1.15%, 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.
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Volatility by Period
| HFAAX | PRSNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.10% | 1.15% | -0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 1.44% | 2.10% | -0.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.57% | 3.43% | -0.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.86% | 4.27% | +1.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.73% | 4.11% | +0.62% |