JABAX vs. OMAH

Last updated Apr 2, 2026

Compare and contrast key facts about Janus Henderson Balanced Fund Class T (JABAX) and VistaShares Target 15™ Berkshire Select Income ETF (OMAH).

JABAX is an actively managed fund by Janus Henderson. It was launched on Sep 1, 1992. OMAH is an actively managed fund by VistaShares. It was launched on Mar 4, 2025.

Performance

JABAX vs. OMAH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Janus Henderson Balanced Fund Class T (JABAX) and VistaShares Target 15™ Berkshire Select Income ETF (OMAH). The values are adjusted to include any dividend payments, if applicable.

JABAX vs. OMAH - Yearly Performance Comparison

	2026 (YTD)	2025
JABAX Janus Henderson Balanced Fund Class T	-5.37%	13.81%
OMAH VistaShares Target 15™ Berkshire Select Income ETF	-0.42%	6.74%

Returns By Period

In the year-to-date period, JABAX achieves a -5.37% return, which is significantly lower than OMAH's -0.42% return.

JABAX

• 1D: 1.60%
• 1M: -4.88%
• YTD: -5.37%
• 6M: -4.15%
• 1Y: 10.53%
• 3Y*: 12.83%
• 5Y*: 7.52%
• 10Y*: 9.85%

OMAH

• 1D: -0.28%
• 1M: -0.22%
• YTD: -0.42%
• 6M: 0.85%
• 1Y: 5.85%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JABAX vs. OMAH - Expense Ratio Comparison

JABAX has a 0.66% expense ratio, which is lower than OMAH's 0.95% expense ratio.

OMAH

VistaShares Target 15™ Berkshire Select Income ETF

JABAX

Janus Henderson Balanced Fund Class T

Return for Risk

JABAX vs. OMAH — Risk / Return Rank

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

JABAX

JABAX Risk / Return Rank: 47
JABAX Sharpe Ratio Rank: 41
JABAX Sortino Ratio Rank: 44
JABAX Omega Ratio Rank: 41
JABAX Calmar Ratio Rank: 54
JABAX Martin Ratio Rank: 54

OMAH

OMAH Risk / Return Rank: 25
OMAH Sharpe Ratio Rank: 23
OMAH Sortino Ratio Rank: 23
OMAH Omega Ratio Rank: 26
OMAH Calmar Ratio Rank: 23
OMAH Martin Ratio Rank: 31

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. OMAH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Balanced Fund Class T (JABAX) and VistaShares Target 15™ Berkshire Select Income ETF (OMAH). 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.

	JABAX	OMAH	Difference
Sharpe ratio Return per unit of total volatility	0.91	0.42	+0.49
Sortino ratio Return per unit of downside risk	1.39	0.69	+0.70
Omega ratio Gain probability vs. loss probability	1.19	1.11	+0.09
Calmar ratio Return relative to maximum drawdown	1.39	0.52	+0.86
Martin ratio Return relative to average drawdown	5.51	2.81	+2.71
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JABAX vs. OMAH - Sharpe Ratio Comparison

The current JABAX Sharpe Ratio is 0.91, which is higher than the OMAH Sharpe Ratio of 0.42. The chart below compares the historical Sharpe Ratios of JABAX and OMAH, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	JABAX	OMAH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.91	0.42	+0.49
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.67	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.88	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.94	0.42	+0.52

Correlation

The correlation between JABAX and OMAH is 0.58, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

JABAX vs. OMAH - Dividend Comparison

JABAX's dividend yield for the trailing twelve months is around 8.71%, less than OMAH's 15.85% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JABAX Janus Henderson Balanced Fund Class T	8.71%	8.67%	11.71%	2.15%	1.83%	4.38%	2.41%	2.76%	6.95%	4.59%	3.28%	6.18%
OMAH VistaShares Target 15™ Berkshire Select Income ETF	15.85%	12.86%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

JABAX vs. OMAH - Drawdown Comparison

The maximum JABAX drawdown since its inception was -25.98%, which is greater than OMAH's maximum drawdown of -11.83%. Use the drawdown chart below to compare losses from any high point for JABAX and OMAH.

Drawdown Indicators

	JABAX	OMAH	Difference
Max Drawdown Largest peak-to-trough decline	-25.98%	-11.83%	-14.15%
Max Drawdown (1Y) Largest decline over 1 year	-8.14%	-11.18%	+3.04%
Max Drawdown (5Y) Largest decline over 5 years	-21.60%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-22.50%	—	—
Current Drawdown Current decline from peak	-6.67%	-1.98%	-4.69%
Average Drawdown Average peak-to-trough decline	-4.16%	-1.40%	-2.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.05%	2.08%	-0.03%

Volatility

JABAX vs. OMAH - Volatility Comparison

Janus Henderson Balanced Fund Class T (JABAX) has a higher volatility of 3.82% compared to VistaShares Target 15™ Berkshire Select Income ETF (OMAH) at 1.92%. This indicates that JABAX's price experiences larger fluctuations and is considered to be riskier than OMAH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JABAX	OMAH	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.82%	1.92%	+1.90%
Volatility (6M) Calculated over the trailing 6-month period	6.66%	6.32%	+0.34%
Volatility (1Y) Calculated over the trailing 1-year period	12.11%	13.93%	-1.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.31%	13.98%	-2.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.19%	13.98%	-2.79%