HFQTX vs. NXG

Last updated Jun 4, 2026

HFQTX (Janus Henderson Global Equity Income Fund Class T) and NXG (NXG NextGen Infrastructure Income Fund) are both Global Equity Income funds. HFQTX is passively managed, while NXG is actively managed. Over the past 3 years, HFQTX returned 18.52%/yr vs 35.01%/yr for NXG. At a 0.35 correlation, their price movements are largely independent. HFQTX charges 0.95%/yr vs 1.00%/yr for NXG.

Performance

HFQTX vs. NXG - 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 NXG NextGen Infrastructure Income Fund (NXG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HFQTX achieves a 12.62% return, which is significantly lower than NXG's 24.20% return.

HFQTX

• 1D: 0.88%
• 1M: 3.73%
• YTD: 12.62%
• 6M: 14.83%
• 1Y: 27.42%
• 3Y*: 18.52%
• 5Y*: 10.59%
• 10Y*: —

NXG

• 1D: 1.05%
• 1M: 4.62%
• YTD: 24.20%
• 6M: 24.75%
• 1Y: 39.68%
• 3Y*: 35.01%
• 5Y*: —
• 10Y*: —

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

HFQTX vs. NXG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
HFQTX Janus Henderson Global Equity Income Fund Class T	12.62%	29.80%	7.08%	10.40%	6.85%
NXG NXG NextGen Infrastructure Income Fund	24.20%	25.98%	51.16%	4.54%	-5.68%

Correlation

The correlation between HFQTX and NXG is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.20
Correlation (3Y) Calculated over the trailing 3-year period	0.28
Correlation (All Time) Calculated using the full available price history since Nov 2, 2022	0.35

The correlation between HFQTX and NXG shifts across timeframes, from 0.20 (1 year) to 0.35 (all time), reflecting how their relationship changes across market environments.

Return for Risk

HFQTX vs. NXG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HFQTX

HFQTX Risk / Return Rank: 56
HFQTX Sharpe Ratio Rank: 65
HFQTX Sortino Ratio Rank: 56
HFQTX Omega Ratio Rank: 64
HFQTX Calmar Ratio Rank: 50
HFQTX Martin Ratio Rank: 46

NXG

NXG Risk / Return Rank: 48
NXG Sharpe Ratio Rank: 50
NXG Sortino Ratio Rank: 43
NXG Omega Ratio Rank: 47
NXG Calmar Ratio Rank: 62
NXG Martin Ratio Rank: 38

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HFQTX vs. NXG - 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 NXG NextGen Infrastructure Income Fund (NXG). 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.

	HFQTX	NXG	Difference
Sharpe ratio: Return per unit of total volatility	2.36	2.09	+0.28
Sortino ratio: Return per unit of downside risk	3.17	2.75	+0.43
Omega ratio: Gain probability vs. loss probability	1.45	1.37	+0.07
Calmar ratio: Return relative to maximum drawdown	2.69	3.02	-0.33
Martin ratio: Return relative to average drawdown	9.66	8.32	+1.34
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HFQTX vs. NXG - Sharpe Ratio Comparison

The current HFQTX Sharpe Ratio is 2.36, which is comparable to the NXG Sharpe Ratio of 2.09. The chart below compares the historical Sharpe Ratios of HFQTX and NXG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	HFQTX	NXG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.36	2.09	+0.28
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.82	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.56	1.00	-0.44

Drawdowns

HFQTX vs. NXG - Drawdown Comparison

The maximum HFQTX drawdown since its inception was -34.53%, which is greater than NXG's maximum drawdown of -26.14%. Use the drawdown chart below to compare losses from any high point for HFQTX and NXG.

Drawdown Indicators

	HFQTX	NXG	Difference
Max Drawdown Largest peak-to-trough decline	-34.53%	-26.14%	-8.39%
Max Drawdown (1Y) Largest decline over 1 year	-10.02%	-13.19%	+3.17%
Max Drawdown (3Y) Largest decline over 3 years	-12.18%	-26.14%	+13.96%
Max Drawdown (5Y) Largest decline over 5 years	-21.72%	—	—
Current Drawdown Current decline from peak	-1.26%	-0.28%	-0.98%
Average Drawdown Average peak-to-trough decline	-5.77%	-6.60%	+0.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.79%	4.78%	-1.99%

Volatility

HFQTX vs. NXG - Volatility Comparison

The current volatility for Janus Henderson Global Equity Income Fund Class T (HFQTX) is 4.72%, while NXG NextGen Infrastructure Income Fund (NXG) has a volatility of 6.13%. This indicates that HFQTX experiences smaller price fluctuations and is considered to be less risky than NXG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HFQTX	NXG	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.72%	6.13%	-1.41%
Volatility (6M) Calculated over the trailing 6-month period	9.49%	14.04%	-4.55%
Volatility (1Y) Calculated over the trailing 1-year period	11.43%	19.12%	-7.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.00%	26.88%	-13.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.88%	26.88%	-12.00%

HFQTX vs. NXG - Expense Ratio Comparison

HFQTX has a 0.95% expense ratio, which is lower than NXG's 1.00% expense ratio.

Dividends

HFQTX vs. NXG - Dividend Comparison

HFQTX's dividend yield for the trailing twelve months is around 6.10%, less than NXG's 10.86% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
HFQTX Janus Henderson Global Equity Income Fund Class T	6.10%	6.80%	8.18%	8.08%	8.26%	7.10%	7.47%	6.99%	7.85%	5.06%
NXG NXG NextGen Infrastructure Income Fund	10.86%	12.83%	14.15%	12.00%	1.11%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both HFQTX and NXG in my portfolio?

HFQTX and NXG have a correlation of 0.20, 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 NXG?

NXG has higher volatility (6.13%) compared to HFQTX (4.72%). In terms of maximum drawdown, HFQTX dropped -34.53% vs NXG's -26.14%.

Which has better risk-adjusted returns?

HFQTX currently has the higher Sharpe Ratio (2.36 vs 2.09), 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.