HIASX vs. JGMNX

Last updated Jun 27, 2026

HIASX (Hartford Small Company HLS Fund) and JGMNX (Janus Henderson Triton Fund Class N) are both Small Cap Growth Equities funds. Over the past 10 years, HIASX returned 13.61%/yr vs 11.67%/yr for JGMNX. Their correlation of 0.94 suggests significant overlap in exposure. HIASX charges 0.77%/yr vs 0.67%/yr for JGMNX.

Performance

HIASX vs. JGMNX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hartford Small Company HLS Fund (HIASX) and Janus Henderson Triton Fund Class N (JGMNX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with HIASX having a 16.00% return and JGMNX slightly higher at 16.72%. Over the past 10 years, HIASX has outperformed JGMNX with an annualized return of 13.61%, while JGMNX has yielded a comparatively lower 11.67% annualized return.

HIASX

• 1D: 1.14%
• 1M: 5.33%
• YTD: 16.00%
• 6M: 13.88%
• 1Y: 32.90%
• 3Y*: 17.20%
• 5Y*: 2.41%
• 10Y*: 13.61%

JGMNX

• 1D: 1.43%
• 1M: 4.12%
• YTD: 16.72%
• 6M: 14.66%
• 1Y: 26.70%
• 3Y*: 15.09%
• 5Y*: 4.50%
• 10Y*: 11.67%

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

HIASX vs. JGMNX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HIASX Hartford Small Company HLS Fund	16.00%	12.95%	12.00%	16.74%	-31.56%	1.88%	55.51%	36.72%	-4.21%	26.36%
JGMNX Janus Henderson Triton Fund Class N	16.72%	9.78%	10.55%	14.83%	-23.56%	6.88%	28.75%	28.60%	-5.03%	27.24%

Correlation

The correlation between HIASX and JGMNX is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (10Y) Calculated over the trailing 10-year period	0.94
Correlation (All Time) Calculated using the full available price history since May 31, 2012	0.94

The correlation between HIASX and JGMNX has been stable across timeframes, ranging from 0.92 to 0.94 - a consistent structural relationship.

Return for Risk

HIASX vs. JGMNX — Risk / Return Rank

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

HIASX

HIASX Risk / Return Rank: 57
HIASX Sharpe Ratio Rank: 60
HIASX Sortino Ratio Rank: 59
HIASX Omega Ratio Rank: 50
HIASX Calmar Ratio Rank: 58
HIASX Martin Ratio Rank: 59

JGMNX

JGMNX Risk / Return Rank: 52
JGMNX Sharpe Ratio Rank: 47
JGMNX Sortino Ratio Rank: 51
JGMNX Omega Ratio Rank: 40
JGMNX Calmar Ratio Rank: 60
JGMNX Martin Ratio Rank: 64

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.

HIASX vs. JGMNX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hartford Small Company HLS Fund (HIASX) and Janus Henderson Triton Fund Class N (JGMNX). 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.

	HIASX	JGMNX	Difference
Sharpe ratio: Return per unit of total volatility	1.87	1.68	+0.19
Sortino ratio: Return per unit of downside risk	2.64	2.45	+0.19
Omega ratio: Gain probability vs. loss probability	1.32	1.29	+0.03
Calmar ratio: Return relative to maximum drawdown	2.53	2.55	-0.02
Martin ratio: Return relative to average drawdown	9.94	10.46	-0.51

HIASX vs. JGMNX - Sharpe Ratio Comparison

The current HIASX Sharpe Ratio is 1.87, which is comparable to the JGMNX Sharpe Ratio of 1.68. The chart below compares the historical Sharpe Ratios of HIASX and JGMNX, 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

HIASX vs. JGMNX - Drawdown Comparison

The maximum HIASX drawdown since its inception was -68.04%, which is greater than JGMNX's maximum drawdown of -39.72%. Use the drawdown chart below to compare losses from any high point for HIASX and JGMNX.

Drawdown Indicators

	HIASX	JGMNX	Difference
Max Drawdown Largest peak-to-trough decline	-68.04%	-39.72%	-28.32%
Max Drawdown (1Y) Largest decline over 1 year	-13.84%	-11.03%	-2.81%
Max Drawdown (3Y) Largest decline over 3 years	-26.87%	-23.84%	-3.03%
Max Drawdown (5Y) Largest decline over 5 years	-40.94%	-31.74%	-9.20%
Max Drawdown (10Y) Largest decline over 10 years	-42.36%	-39.72%	-2.64%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-21.34%	-7.10%	-14.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.52%	2.69%	+0.83%

Volatility

HIASX vs. JGMNX - Volatility Comparison

Hartford Small Company HLS Fund (HIASX) has a higher volatility of 6.82% compared to Janus Henderson Triton Fund Class N (JGMNX) at 5.86%. This indicates that HIASX's price experiences larger fluctuations and is considered to be riskier than JGMNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HIASX	JGMNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.82%	5.86%	+0.96%
Volatility (6M) Calculated over the trailing 6-month period	14.36%	13.26%	+1.10%
Volatility (1Y) Calculated over the trailing 1-year period	18.87%	16.79%	+2.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.22%	19.73%	+3.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.44%	20.59%	+2.85%

HIASX vs. JGMNX - Expense Ratio Comparison

HIASX has a 0.77% expense ratio, which is higher than JGMNX's 0.67% expense ratio.

Dividends

HIASX vs. JGMNX - Dividend Comparison

HIASX's dividend yield for the trailing twelve months is around 0.34%, less than JGMNX's 9.31% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HIASX Hartford Small Company HLS Fund	0.34%	0.40%	0.00%	0.00%	26.96%	13.78%	12.10%	20.73%	8.06%	0.00%	10.42%	0.00%
JGMNX Janus Henderson Triton Fund Class N	9.31%	10.86%	7.35%	6.96%	6.10%	19.99%	4.06%	4.20%	7.41%	5.03%	2.96%	7.71%

Frequently Asked Questions

Can I hold both HIASX and JGMNX in my portfolio?

With a correlation of 0.92, HIASX and JGMNX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, HIASX or JGMNX?

HIASX has higher volatility (6.82%) compared to JGMNX (5.86%). In terms of maximum drawdown, HIASX dropped -68.04% vs JGMNX's -39.72%.

Which has better risk-adjusted returns?

HIASX currently has the higher Sharpe Ratio (1.86 vs 1.68), 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.