HFQTX vs. AESR

Last updated Aug 5, 2026

HFQTX (Janus Henderson Global Equity Income Fund Class T) and AESR (Anfield U.S. Equity Sector Rotation ETF) are both funds - HFQTX is a Global Equity Income fund tracking the MSCI World Index, while AESR is a Large Cap Growth Equities fund actively managed by Regents Park. HFQTX is passively managed, while AESR is actively managed. Over the past 5 years, HFQTX returned 11.76%/yr vs 13.83%/yr for AESR. Their 0.67 correlation means they have sometimes moved together and sometimes differently. HFQTX charges 0.95%/yr vs 1.46%/yr for AESR.

Performance

HFQTX vs. AESR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Janus Henderson Global Equity Income Fund Class T (HFQTX) and Anfield U.S. Equity Sector Rotation ETF (AESR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HFQTX achieves a 17.82% return, which is significantly lower than AESR's 18.80% return.

HFQTX

• 1D: 0.36%
• 1M: 3.64%
• 6M: 8.41%
• YTD: 17.82%
• 1Y: 28.83%
• 3Y*: 19.75%
• 5Y*: 11.76%
• 10Y*: —
• ALL TIME*: 8.63%

AESR

• 1D: 2.81%
• 1M: 0.70%
• 6M: 14.69%
• YTD: 18.80%
• 1Y: 28.16%
• 3Y*: 24.52%
• 5Y*: 13.83%
• 10Y*: —
• ALL TIME*: 16.16%

*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)
AESR Anfield U.S. Equity Sector Rotation ETF	$661.39K	$632.83K	$1.86M
HFQTX Janus Henderson Global Equity Income Fund Class T	$0.00	$0.00	$0.00

HFQTX vs. AESR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
HFQTX Janus Henderson Global Equity Income Fund Class T	17.82%	29.80%	7.08%	10.40%	-6.41%	12.85%	1.59%	0.71%
AESR Anfield U.S. Equity Sector Rotation ETF	18.80%	20.34%	25.37%	21.03%	-17.52%	25.26%	19.58%	0.76%

Correlation

The correlation between HFQTX and AESR is 0.59, 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.	0.59
Correlation (3Y) Balances recent behavior with more history.	0.56
Correlation (5Y) Shows whether the relationship held over a longer period.	0.65
Correlation (All Time) Calculated using the full available price history since Dec 17, 2019	0.67

The correlation between HFQTX and AESR shifts across timeframes, from 0.56 (3 years) to 0.67 (all time), reflecting how their relationship changes across market environments.

Return for Risk

HFQTX vs. AESR — Risk / Return Rank

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

HFQTX

HFQTX Risk / Return Rank: 87
HFQTX Sharpe Ratio Rank: 94
HFQTX Sortino Ratio Rank: 90
HFQTX Omega Ratio Rank: 91
HFQTX Calmar Ratio Rank: 83
HFQTX Martin Ratio Rank: 80

AESR

AESR Risk / Return Rank: 60
AESR Sharpe Ratio Rank: 53
AESR Sortino Ratio Rank: 50
AESR Omega Ratio Rank: 51
AESR Calmar Ratio Rank: 73
AESR Martin Ratio Rank: 71

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.

HFQTX vs. AESR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Global Equity Income Fund Class T (HFQTX) and Anfield U.S. Equity Sector Rotation ETF (AESR). 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.

	HFQTX	AESR	Difference
Sharpe ratio: Return per unit of total volatility	2.52	1.46	+1.06
Sortino ratio: Return per unit of downside risk	3.39	2.03	+1.36
Omega ratio: Gain probability vs. loss probability	1.48	1.26	+0.22
Calmar ratio: Return relative to maximum drawdown	3.02	2.88	+0.14
Martin ratio: Return relative to average drawdown	10.85	9.88	+0.97

HFQTX vs. AESR - Sharpe Ratio Comparison

The current HFQTX Sharpe Ratio is 2.52, which is higher than the AESR Sharpe Ratio of 1.46. The chart below compares the historical Sharpe Ratios of HFQTX and AESR, 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

HFQTX vs. AESR - Drawdown Comparison

The maximum HFQTX drawdown since its inception was -34.53%, which is greater than AESR's maximum drawdown of -31.06%. Use the drawdown chart below to compare losses from any high point for HFQTX and AESR.

Drawdown Indicators

	HFQTX	AESR	Difference
Max Drawdown Largest peak-to-trough decline	-34.53%	-31.06%	-3.47%
Max Drawdown (1Y) Largest decline over 1 year	-10.02%	-9.82%	-0.20%
Max Drawdown (3Y) Largest decline over 3 years	-12.18%	-19.85%	+7.67%
Max Drawdown (5Y) Largest decline over 5 years	-21.72%	-25.04%	+3.32%
Current Drawdown Current decline from peak	0.00%	-3.22%	+3.22%
Average Drawdown Average peak-to-trough decline	-5.68%	-5.95%	+0.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.79%	2.86%	-0.07%

Volatility

HFQTX vs. AESR - Volatility Comparison

The current volatility for Janus Henderson Global Equity Income Fund Class T (HFQTX) is 2.95%, while Anfield U.S. Equity Sector Rotation ETF (AESR) has a volatility of 6.68%. This indicates that HFQTX experiences smaller price fluctuations and is considered to be less risky than AESR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HFQTX	AESR	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.95%	6.68%	-3.73%
Volatility (6M) Calculated over the trailing 6-month period	10.41%	16.54%	-6.13%
Volatility (1Y) Calculated over the trailing 1-year period	12.06%	19.45%	-7.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.04%	18.46%	-5.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.85%	20.67%	-5.82%

HFQTX vs. AESR - Expense Ratio Comparison

HFQTX has a 0.95% expense ratio, which is lower than AESR's 1.46% expense ratio.

Dividends

HFQTX vs. AESR - Dividend Comparison

HFQTX's dividend yield for the trailing twelve months is around 5.97%, less than AESR's 19.37% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
AESR Anfield U.S. Equity Sector Rotation ETF	19.37%	23.02%	0.17%	0.33%	0.73%	6.59%	1.06%	0.33%	0.00%	0.00%
HFQTX Janus Henderson Global Equity Income Fund Class T	5.97%	6.80%	8.18%	8.08%	8.26%	7.10%	7.47%	6.99%	7.85%	5.06%

Frequently Asked Questions

Can I hold both HFQTX and AESR in my portfolio?

HFQTX and AESR have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HFQTX or AESR?

AESR has higher volatility (6.68%) compared to HFQTX (2.95%). In terms of maximum drawdown, HFQTX dropped -34.53% vs AESR's -31.06%.

Which has better risk-adjusted returns?

HFQTX currently has the higher Sharpe Ratio (2.52 vs 1.46), 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.