HFEAX vs. JFRDX
HFEAX (Janus Henderson European Focus Fund) and JFRDX (Janus Henderson Forty Fund Class D) are both mutual funds - HFEAX is a Europe Equities fund managed by Janus Henderson, while JFRDX is a Large Cap Growth Equities fund actively managed by Janus Henderson. Over the past 5 years, HFEAX returned 8.25%/yr vs 8.65%/yr for JFRDX. Their 0.63 correlation means they have sometimes moved together and sometimes differently. HFEAX charges 1.30%/yr vs 0.63%/yr for JFRDX.
Performance
HFEAX vs. JFRDX - Performance Comparison
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Returns By Period
In the year-to-date period, HFEAX achieves a 3.63% return, which is significantly lower than JFRDX's 5.02% return.
HFEAX
- 1D
- -0.47%
- 1M
- -2.66%
- 6M
- -0.12%
- YTD
- 3.63%
- 1Y
- 16.71%
- 3Y*
- 15.83%
- 5Y*
- 8.25%
- 10Y*
- 9.14%
- ALL TIME*
- 11.76%
JFRDX
- 1D
- 2.82%
- 1M
- 1.99%
- 6M
- 10.22%
- YTD
- 5.02%
- 1Y
- 9.85%
- 3Y*
- 19.94%
- 5Y*
- 8.65%
- 10Y*
- —
- ALL TIME*
- 16.02%
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 |
HFEAX vs. JFRDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HFEAX Janus Henderson European Focus Fund | 3.63% | 39.88% | 2.11% | 18.26% | -16.11% | 18.83% | 26.49% | 31.42% | -27.83% | 16.34% |
JFRDX Janus Henderson Forty Fund Class D | 5.02% | 18.31% | 28.26% | 40.01% | -33.58% | 22.73% | 39.22% | 36.75% | 1.49% | 16.74% |
Correlation
The correlation between HFEAX and JFRDX is 0.61, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.61 |
Correlation (3Y) Balances recent behavior with more history. | 0.58 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.65 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2017 | 0.63 |
The correlation between HFEAX and JFRDX has been stable across timeframes, ranging from 0.58 to 0.65 - a consistent structural relationship.
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Return for Risk
HFEAX vs. JFRDX — Risk / Return Rank
HFEAX
JFRDX
HFEAX vs. JFRDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Janus Henderson European Focus Fund (HFEAX) and Janus Henderson Forty Fund Class D (JFRDX). 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.
| HFEAX | JFRDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.28 | ||
| Sortino ratioReturn per unit of downside risk | +0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.12 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.11 | 0.63 | +0.48 |
| Martin ratioReturn relative to average drawdown | 3.86 | 1.90 | +1.96 |
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Drawdowns
HFEAX vs. JFRDX - Drawdown Comparison
The maximum HFEAX drawdown since its inception was -66.73%, which is greater than JFRDX's maximum drawdown of -40.91%. Use the drawdown chart below to compare losses from any high point for HFEAX and JFRDX.
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Drawdown Indicators
| HFEAX | JFRDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.73% | -40.91% | -25.82% |
Max Drawdown (1Y)Largest decline over 1 year | -14.43% | -19.05% | +4.62% |
Max Drawdown (3Y)Largest decline over 3 years | -14.43% | -22.14% | +7.71% |
Max Drawdown (5Y)Largest decline over 5 years | -33.16% | -40.91% | +7.75% |
Max Drawdown (10Y)Largest decline over 10 years | -36.73% | — | — |
Current DrawdownCurrent decline from peak | -3.49% | -3.62% | +0.13% |
Average DrawdownAverage peak-to-trough decline | -10.81% | -8.12% | -2.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.14% | 6.29% | -2.15% |
Volatility
HFEAX vs. JFRDX - Volatility Comparison
The current volatility for Janus Henderson European Focus Fund (HFEAX) is 5.55%, while Janus Henderson Forty Fund Class D (JFRDX) has a volatility of 7.01%. This indicates that HFEAX experiences smaller price fluctuations and is considered to be less risky than JFRDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HFEAX | JFRDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.55% | 7.01% | -1.46% |
Volatility (6M)Calculated over the trailing 6-month period | 15.80% | 16.10% | -0.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.02% | 19.69% | -1.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.31% | 22.40% | -4.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.42% | 22.12% | -3.70% |
HFEAX vs. JFRDX - Expense Ratio Comparison
HFEAX has a 1.30% expense ratio, which is higher than JFRDX's 0.63% expense ratio.
Dividends
HFEAX vs. JFRDX - Dividend Comparison
HFEAX's dividend yield for the trailing twelve months is around 1.08%, less than JFRDX's 12.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HFEAX Janus Henderson European Focus Fund | 1.08% | 1.12% | 1.45% | 2.18% | 2.40% | 0.13% | 0.28% | 0.98% | 4.26% | 1.70% | 2.59% | 0.72% |
JFRDX Janus Henderson Forty Fund Class D | 12.47% | 13.10% | 11.27% | 9.12% | 0.06% | 10.12% | 8.26% | 7.21% | 8.88% | 9.68% | 0.00% | 0.00% |
Frequently Asked Questions
HFEAX and JFRDX have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JFRDX has higher volatility (7.01%) compared to HFEAX (5.55%). In terms of maximum drawdown, HFEAX dropped -66.73% vs JFRDX's -40.91%.
HFEAX currently has the higher Sharpe Ratio (0.89 vs 0.61), 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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