JABAX vs. JANIX
JABAX (Janus Henderson Balanced Fund Class T) and JANIX (Janus Henderson Triton Fund) are both mutual funds - JABAX is a Diversified Portfolio fund actively managed by Janus Henderson, while JANIX is a Small Cap Growth Equities fund managed by Janus Henderson. Over the past 10 years, JABAX returned 11.03%/yr vs 10.99%/yr for JANIX. Their correlation of 0.84 suggests significant overlap in exposure. JABAX charges 0.66%/yr vs 0.78%/yr for JANIX.
Performance
JABAX vs. JANIX - Performance Comparison
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Returns By Period
In the year-to-date period, JABAX achieves a 3.43% return, which is significantly lower than JANIX's 15.05% return. Both investments have delivered pretty close results over the past 10 years, with JABAX having a 11.03% annualized return and JANIX not far behind at 10.99%.
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%
JANIX
- 1D
- 1.13%
- 1M
- 3.73%
- YTD
- 15.05%
- 6M
- 12.87%
- 1Y
- 26.68%
- 3Y*
- 14.41%
- 5Y*
- 4.37%
- 10Y*
- 10.99%
JABAX vs. JANIX - 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% |
JANIX Janus Henderson Triton Fund | 15.05% | 9.66% | 10.40% | 14.68% | -23.65% | 6.76% | 28.56% | 28.42% | -5.15% | 27.01% |
Correlation
The correlation between JABAX and JANIX is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Feb 28, 2005 | 0.84 |
The correlation between JABAX and JANIX has been stable across timeframes, ranging from 0.74 to 0.84 - a consistent structural relationship.
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Return for Risk
JABAX vs. JANIX — Risk / Return Rank
JABAX
JANIX
JABAX vs. JANIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Balanced Fund Class T (JABAX) and Janus Henderson Triton Fund (JANIX). 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 | JANIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.29 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.75 | 2.57 | -0.82 |
| Martin ratioReturn relative to average drawdown | 7.48 | 10.50 | -3.02 |
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Drawdowns
JABAX vs. JANIX - Drawdown Comparison
The maximum JABAX drawdown since its inception was -25.98%, smaller than the maximum JANIX drawdown of -62.76%. Use the drawdown chart below to compare losses from any high point for JABAX and JANIX.
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Drawdown Indicators
| JABAX | JANIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.98% | -62.76% | +36.78% |
Max Drawdown (1Y)Largest decline over 1 year | -8.14% | -11.05% | +2.91% |
Max Drawdown (3Y)Largest decline over 3 years | -11.93% | -23.89% | +11.96% |
Max Drawdown (5Y)Largest decline over 5 years | -21.60% | -31.80% | +10.20% |
Max Drawdown (10Y)Largest decline over 10 years | -22.50% | -39.70% | +17.20% |
Current DrawdownCurrent decline from peak | -0.60% | 0.00% | -0.60% |
Average DrawdownAverage peak-to-trough decline | -4.14% | -10.01% | +5.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.90% | 2.70% | -0.80% |
Volatility
JABAX vs. JANIX - Volatility Comparison
The current volatility for Janus Henderson Balanced Fund Class T (JABAX) is 3.50%, while Janus Henderson Triton Fund (JANIX) has a volatility of 5.66%. This indicates that JABAX experiences smaller price fluctuations and is considered to be less risky than JANIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JABAX | JANIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.50% | 5.66% | -2.16% |
Volatility (6M)Calculated over the trailing 6-month period | 7.53% | 13.20% | -5.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.22% | 16.75% | -7.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.42% | 19.73% | -8.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.28% | 20.63% | -9.35% |
JABAX vs. JANIX - Expense Ratio Comparison
JABAX has a 0.66% expense ratio, which is lower than JANIX's 0.78% expense ratio.
Dividends
JABAX vs. JANIX - Dividend Comparison
JABAX's dividend yield for the trailing twelve months is around 8.43%, less than JANIX's 9.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
JANIX Janus Henderson Triton Fund | 9.76% | 11.23% | 7.57% | 7.15% | 6.24% | 20.40% | 4.12% | 4.26% | 7.50% | 5.08% | 2.74% | 7.76% |
Frequently Asked Questions
JABAX and JANIX have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JANIX has higher volatility (5.66%) compared to JABAX (3.50%). In terms of maximum drawdown, JABAX dropped -25.98% vs JANIX's -62.76%.
JANIX currently has the higher Sharpe Ratio (1.70 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.
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