JAAGX vs. FTEC
Compare and contrast key facts about Janus Henderson VIT Enterprise Portfolio (JAAGX) and Fidelity MSCI Information Technology Index ETF (FTEC).
JAAGX is managed by Janus Henderson. It was launched on Sep 13, 1993. FTEC is a passively managed fund by Fidelity that tracks the performance of the MSCI USA IMI Information Technology Index. It was launched on Oct 21, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JAAGX or FTEC.
Key characteristics
| JAAGX | FTEC | |
|---|---|---|
| YTD Return | 14.45% | 29.90% |
| 1Y Return | 31.50% | 44.73% |
| 3Y Return (Ann) | -4.42% | 12.71% |
| 5Y Return (Ann) | 1.61% | 23.31% |
| 10Y Return (Ann) | 4.10% | 20.88% |
| Sharpe Ratio | 2.16 | 2.07 |
| Sortino Ratio | 2.88 | 2.66 |
| Omega Ratio | 1.39 | 1.36 |
| Calmar Ratio | 0.86 | 2.89 |
| Martin Ratio | 10.53 | 10.39 |
| Ulcer Index | 2.88% | 4.23% |
| Daily Std Dev | 14.04% | 21.21% |
| Max Drawdown | -79.07% | -34.95% |
| Current Drawdown | -15.12% | -0.11% |
Correlation
The correlation between JAAGX and FTEC is 0.82, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
JAAGX vs. FTEC - Performance Comparison
In the year-to-date period, JAAGX achieves a 14.45% return, which is significantly lower than FTEC's 29.90% return. Over the past 10 years, JAAGX has underperformed FTEC with an annualized return of 4.10%, while FTEC has yielded a comparatively higher 20.88% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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JAAGX vs. FTEC - Expense Ratio Comparison
JAAGX has a 0.71% expense ratio, which is higher than FTEC's 0.08% expense ratio.
Risk-Adjusted Performance
JAAGX vs. FTEC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Janus Henderson VIT Enterprise Portfolio (JAAGX) and Fidelity MSCI Information Technology Index ETF (FTEC). 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.
Dividends
JAAGX vs. FTEC - Dividend Comparison
JAAGX's dividend yield for the trailing twelve months is around 0.72%, more than FTEC's 0.61% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JAAGX Janus Henderson VIT Enterprise Portfolio | 0.72% | 0.28% | 0.25% | 0.32% | 0.06% | 0.19% | 0.27% | 0.24% | 0.14% | 0.70% | 0.16% | 0.44% |
FTEC Fidelity MSCI Information Technology Index ETF | 0.61% | 0.77% | 0.93% | 0.63% | 0.83% | 1.03% | 1.20% | 0.96% | 1.25% | 1.27% | 1.09% | 0.18% |
Drawdowns
JAAGX vs. FTEC - Drawdown Comparison
The maximum JAAGX drawdown since its inception was -79.07%, which is greater than FTEC's maximum drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for JAAGX and FTEC. For additional features, visit the drawdowns tool.
Volatility
JAAGX vs. FTEC - Volatility Comparison
The current volatility for Janus Henderson VIT Enterprise Portfolio (JAAGX) is 3.68%, while Fidelity MSCI Information Technology Index ETF (FTEC) has a volatility of 6.35%. This indicates that JAAGX experiences smaller price fluctuations and is considered to be less risky than FTEC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.