JABAX vs. AMBFX

Last updated Jun 24, 2026

JABAX (Janus Henderson Balanced Fund Class T) and AMBFX (American Funds American Balanced Fund® Class F-2) are both Diversified Portfolio funds. Over the past 10 years, JABAX returned 11.03%/yr vs 10.56%/yr for AMBFX. Their correlation of 0.94 suggests significant overlap in exposure. JABAX charges 0.66%/yr vs 0.35%/yr for AMBFX.

Performance

JABAX vs. AMBFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Janus Henderson Balanced Fund Class T (JABAX) and American Funds American Balanced Fund® Class F-2 (AMBFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JABAX achieves a 3.43% return, which is significantly lower than AMBFX's 9.50% return. Both investments have delivered pretty close results over the past 10 years, with JABAX having a 11.03% annualized return and AMBFX not far behind at 10.56%.

JABAX

• 1D: -0.42%
• 1M: 1.06%
• YTD: 3.43%
• 6M: 2.94%
• 1Y: 13.56%
• 3Y*: 15.32%
• 5Y*: 8.47%
• 10Y*: 11.03%

AMBFX

• 1D: -0.32%
• 1M: 1.44%
• YTD: 9.50%
• 6M: 9.41%
• 1Y: 22.97%
• 3Y*: 17.35%
• 5Y*: 9.88%
• 10Y*: 10.56%

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

JABAX vs. AMBFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JABAX Janus Henderson Balanced Fund Class T	3.43%	14.85%	20.63%	15.29%	-16.70%	17.07%	14.22%	22.40%	0.53%	17.68%
AMBFX American Funds American Balanced Fund® Class F-2	9.50%	18.67%	15.25%	13.81%	-11.93%	16.00%	11.06%	19.45%	-2.69%	14.85%

Correlation

The correlation between JABAX and AMBFX 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	0.93
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 Aug 1, 2008	0.94

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

Return for Risk

JABAX vs. AMBFX — Risk / Return Rank

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

JABAX

JABAX Risk / Return Rank: 32
JABAX Sharpe Ratio Rank: 34
JABAX Sortino Ratio Rank: 33
JABAX Omega Ratio Rank: 33
JABAX Calmar Ratio Rank: 26
JABAX Martin Ratio Rank: 36

AMBFX

AMBFX Risk / Return Rank: 83
AMBFX Sharpe Ratio Rank: 86
AMBFX Sortino Ratio Rank: 83
AMBFX Omega Ratio Rank: 81
AMBFX Calmar Ratio Rank: 79
AMBFX Martin Ratio Rank: 86

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.

JABAX vs. AMBFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Balanced Fund Class T (JABAX) and American Funds American Balanced Fund® Class F-2 (AMBFX). 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.

	JABAX	AMBFX	Difference
Sharpe ratio: Return per unit of total volatility	1.55	2.59	-1.04
Sortino ratio: Return per unit of downside risk	2.22	3.60	-1.38
Omega ratio: Gain probability vs. loss probability	1.28	1.49	-0.21
Calmar ratio: Return relative to maximum drawdown	1.75	3.40	-1.65
Martin ratio: Return relative to average drawdown	7.48	15.09	-7.61

JABAX vs. AMBFX - Sharpe Ratio Comparison

The current JABAX Sharpe Ratio is 1.55, which is lower than the AMBFX Sharpe Ratio of 2.59. The chart below compares the historical Sharpe Ratios of JABAX and AMBFX, 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

JABAX vs. AMBFX - Drawdown Comparison

The maximum JABAX drawdown since its inception was -25.98%, smaller than the maximum AMBFX drawdown of -35.05%. Use the drawdown chart below to compare losses from any high point for JABAX and AMBFX.

Drawdown Indicators

	JABAX	AMBFX	Difference
Max Drawdown Largest peak-to-trough decline	-25.98%	-35.05%	+9.07%
Max Drawdown (1Y) Largest decline over 1 year	-8.14%	-7.00%	-1.14%
Max Drawdown (3Y) Largest decline over 3 years	-11.93%	-10.64%	-1.29%
Max Drawdown (5Y) Largest decline over 5 years	-21.60%	-18.65%	-2.95%
Max Drawdown (10Y) Largest decline over 10 years	-22.50%	-22.31%	-0.19%
Current Drawdown Current decline from peak	-0.60%	-0.51%	-0.09%
Average Drawdown Average peak-to-trough decline	-4.14%	-3.58%	-0.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.90%	1.57%	+0.33%

Volatility

JABAX vs. AMBFX - Volatility Comparison

Janus Henderson Balanced Fund Class T (JABAX) and American Funds American Balanced Fund® Class F-2 (AMBFX) have volatilities of 3.50% and 3.39%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JABAX	AMBFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.50%	3.39%	+0.11%
Volatility (6M) Calculated over the trailing 6-month period	7.53%	7.31%	+0.22%
Volatility (1Y) Calculated over the trailing 1-year period	9.22%	9.22%	0.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.42%	10.57%	+0.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.28%	10.72%	+0.56%

JABAX vs. AMBFX - Expense Ratio Comparison

JABAX has a 0.66% expense ratio, which is higher than AMBFX's 0.35% expense ratio.

Dividends

JABAX vs. AMBFX - Dividend Comparison

JABAX's dividend yield for the trailing twelve months is around 8.43%, more than AMBFX's 7.31% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AMBFX American Funds American Balanced Fund® Class F-2	7.31%	8.47%	7.40%	2.20%	2.52%	4.50%	4.56%	4.19%	6.20%	4.85%	4.46%	5.81%
JABAX Janus Henderson Balanced Fund Class T	8.43%	8.67%	11.71%	2.15%	1.83%	4.38%	2.41%	2.76%	6.95%	4.59%	3.28%	6.18%

Frequently Asked Questions

Can I hold both JABAX and AMBFX in my portfolio?

With a correlation of 0.92, JABAX and AMBFX 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, JABAX or AMBFX?

JABAX has higher volatility (3.50%) compared to AMBFX (3.39%). In terms of maximum drawdown, JABAX dropped -25.98% vs AMBFX's -35.05%.

Which has better risk-adjusted returns?

AMBFX currently has the higher Sharpe Ratio (2.59 vs 1.55), 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.