HFEDX vs. JGLTX

Last updated Aug 1, 2026

HFEDX (Janus Henderson European Focus Fund Class D) and JGLTX (Janus Henderson VIT Global Technology and Innovation Portfolio) are both mutual funds - HFEDX is a Europe Equities fund actively managed by Janus Henderson, while JGLTX is a Technology Equities fund managed by Janus Henderson. Over the past 5 years, HFEDX returned 8.56%/yr vs 14.27%/yr for JGLTX. Their 0.62 correlation means they have sometimes moved together and sometimes differently. HFEDX charges 1.09%/yr vs 0.72%/yr for JGLTX.

Performance

HFEDX vs. JGLTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Janus Henderson European Focus Fund Class D (HFEDX) and Janus Henderson VIT Global Technology and Innovation Portfolio (JGLTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HFEDX achieves a 4.23% return, which is significantly lower than JGLTX's 17.82% return.

HFEDX

• 1D: 2.77%
• 1M: -2.19%
• 6M: 1.33%
• YTD: 4.23%
• 1Y: 17.48%
• 3Y*: 15.89%
• 5Y*: 8.56%
• 10Y*: —
• ALL TIME*: 9.53%

JGLTX

• 1D: 6.78%
• 1M: -6.31%
• 6M: 15.26%
• YTD: 17.82%
• 1Y: 26.94%
• 3Y*: 28.28%
• 5Y*: 14.27%
• 10Y*: 22.24%
• ALL TIME*: 8.28%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
HFEDX Janus Henderson European Focus Fund Class D	$0.00	$0.00	$0.00
JGLTX Janus Henderson VIT Global Technology and Innovation Portfolio	$0.00	$0.00	$0.00

HFEDX vs. JGLTX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HFEDX Janus Henderson European Focus Fund Class D	4.23%	40.19%	2.31%	18.49%	-15.97%	19.07%	26.76%	31.66%	-27.68%	7.43%
JGLTX Janus Henderson VIT Global Technology and Innovation Portfolio	17.82%	25.19%	32.10%	54.55%	-36.42%	18.28%	50.42%	45.29%	1.17%	13.24%

Correlation

The correlation between HFEDX and JGLTX 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.	0.57
Correlation (5Y) Shows whether the relationship held over a longer period.	0.63
Correlation (All Time) Calculated using the full available price history since Jun 9, 2017	0.62

The correlation between HFEDX and JGLTX has been stable across timeframes, ranging from 0.57 to 0.63 - a consistent structural relationship.

Return for Risk

HFEDX vs. JGLTX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

HFEDX

HFEDX Risk / Return Rank: 24
HFEDX Sharpe Ratio Rank: 23
HFEDX Sortino Ratio Rank: 24
HFEDX Omega Ratio Rank: 23
HFEDX Calmar Ratio Rank: 22
HFEDX Martin Ratio Rank: 26

JGLTX

JGLTX Risk / Return Rank: 28
JGLTX Sharpe Ratio Rank: 27
JGLTX Sortino Ratio Rank: 27
JGLTX Omega Ratio Rank: 28
JGLTX Calmar Ratio Rank: 29
JGLTX Martin Ratio Rank: 30

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

HFEDX vs. JGLTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Janus Henderson European Focus Fund Class D (HFEDX) and Janus Henderson VIT Global Technology and Innovation Portfolio (JGLTX). 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.

	HFEDX	JGLTX	Difference
Sharpe ratio: Return per unit of total volatility	0.89	0.89	0.00
Sortino ratio: Return per unit of downside risk	1.36	1.33	+0.04
Omega ratio: Gain probability vs. loss probability	1.16	1.17	-0.01
Calmar ratio: Return relative to maximum drawdown	1.12	1.28	-0.17
Martin ratio: Return relative to average drawdown	3.90	4.29	-0.39

HFEDX vs. JGLTX - Sharpe Ratio Comparison

The current HFEDX Sharpe Ratio is 0.89, which is comparable to the JGLTX Sharpe Ratio of 0.89. The chart below compares the historical Sharpe Ratios of HFEDX and JGLTX, 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

HFEDX vs. JGLTX - Drawdown Comparison

The maximum HFEDX drawdown since its inception was -36.47%, smaller than the maximum JGLTX drawdown of -81.78%. Use the drawdown chart below to compare losses from any high point for HFEDX and JGLTX.

Drawdown Indicators

	HFEDX	JGLTX	Difference
Max Drawdown Largest peak-to-trough decline	-36.47%	-81.78%	+45.31%
Max Drawdown (1Y) Largest decline over 1 year	-14.41%	-18.76%	+4.35%
Max Drawdown (3Y) Largest decline over 3 years	-14.41%	-23.72%	+9.31%
Max Drawdown (5Y) Largest decline over 5 years	-33.04%	-45.18%	+12.14%
Max Drawdown (10Y) Largest decline over 10 years	—	-45.18%	—
Current Drawdown Current decline from peak	-3.03%	-13.26%	+10.23%
Average Drawdown Average peak-to-trough decline	-9.05%	-36.42%	+27.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.12%	5.61%	-1.49%

Volatility

HFEDX vs. JGLTX - Volatility Comparison

The current volatility for Janus Henderson European Focus Fund Class D (HFEDX) is 5.78%, while Janus Henderson VIT Global Technology and Innovation Portfolio (JGLTX) has a volatility of 12.57%. This indicates that HFEDX experiences smaller price fluctuations and is considered to be less risky than JGLTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HFEDX	JGLTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.78%	12.57%	-6.79%
Volatility (6M) Calculated over the trailing 6-month period	15.81%	23.74%	-7.93%
Volatility (1Y) Calculated over the trailing 1-year period	18.03%	26.93%	-8.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.31%	27.21%	-8.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.97%	25.02%	-6.05%

HFEDX vs. JGLTX - Expense Ratio Comparison

HFEDX has a 1.09% expense ratio, which is higher than JGLTX's 0.72% expense ratio.

Dividends

HFEDX vs. JGLTX - Dividend Comparison

HFEDX's dividend yield for the trailing twelve months is around 1.27%, less than JGLTX's 11.92% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HFEDX Janus Henderson European Focus Fund Class D	1.27%	1.33%	1.68%	2.38%	2.64%	0.31%	0.45%	1.22%	4.73%	2.26%	0.00%	0.00%
JGLTX Janus Henderson VIT Global Technology and Innovation Portfolio	11.92%	8.98%	0.00%	0.00%	26.96%	14.48%	7.71%	6.81%	4.95%	5.68%	3.71%	16.11%

Frequently Asked Questions

Can I hold both HFEDX and JGLTX in my portfolio?

HFEDX and JGLTX 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.

Which is riskier, HFEDX or JGLTX?

JGLTX has higher volatility (12.57%) compared to HFEDX (5.78%). In terms of maximum drawdown, HFEDX dropped -36.47% vs JGLTX's -81.78%.

Which has better risk-adjusted returns?

JGLTX currently has the higher Sharpe Ratio (0.89 vs 0.89), 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.