JABAX vs. RDVY

Last updated Jun 3, 2026

JABAX (Janus Henderson Balanced Fund Class T) and RDVY (First Trust Rising Dividend Achievers ETF) are both funds - JABAX is a Diversified Portfolio fund actively managed by Janus Henderson, while RDVY is a Large Cap Blend Equities fund tracking the NASDAQ US Rising Dividend Achievers. JABAX is actively managed, while RDVY is passively managed. Over the past 10 years, JABAX returned 10.83%/yr vs 15.66%/yr for RDVY. A 0.78 correlation means they provide meaningful diversification when combined. JABAX charges 0.66%/yr vs 0.50%/yr for RDVY.

Performance

JABAX vs. RDVY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Janus Henderson Balanced Fund Class T (JABAX) and First Trust Rising Dividend Achievers ETF (RDVY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JABAX achieves a 3.89% return, which is significantly lower than RDVY's 9.74% return. Over the past 10 years, JABAX has underperformed RDVY with an annualized return of 10.83%, while RDVY has yielded a comparatively higher 15.66% annualized return.

JABAX

• 1D: 0.30%
• 1M: 2.78%
• YTD: 3.89%
• 6M: 3.99%
• 1Y: 15.48%
• 3Y*: 15.66%
• 5Y*: 8.87%
• 10Y*: 10.83%

RDVY

• 1D: 0.88%
• 1M: 2.41%
• YTD: 9.74%
• 6M: 11.71%
• 1Y: 27.07%
• 3Y*: 20.26%
• 5Y*: 11.20%
• 10Y*: 15.66%

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

JABAX vs. RDVY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JABAX Janus Henderson Balanced Fund Class T	3.89%	14.85%	20.63%	15.29%	-16.70%	17.07%	14.22%	22.40%	0.53%	17.68%
RDVY First Trust Rising Dividend Achievers ETF	9.74%	18.90%	16.41%	20.38%	-13.27%	31.14%	13.47%	37.71%	-9.92%	22.75%

Correlation

The correlation between JABAX and RDVY is 0.78, 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	0.78
Correlation (3Y) Calculated over the trailing 3-year period	0.69
Correlation (5Y) Calculated over the trailing 5-year period	0.77
Correlation (10Y) Calculated over the trailing 10-year period	0.78
Correlation (All Time) Calculated using the full available price history since Jan 8, 2014	0.78

The correlation between JABAX and RDVY has been stable across timeframes, ranging from 0.69 to 0.78 - a consistent structural relationship.

Return for Risk

JABAX vs. RDVY — Risk / Return Rank

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

JABAX

JABAX Risk / Return Rank: 36
JABAX Sharpe Ratio Rank: 38
JABAX Sortino Ratio Rank: 38
JABAX Omega Ratio Rank: 37
JABAX Calmar Ratio Rank: 26
JABAX Martin Ratio Rank: 38

RDVY

RDVY Risk / Return Rank: 60
RDVY Sharpe Ratio Rank: 56
RDVY Sortino Ratio Rank: 58
RDVY Omega Ratio Rank: 55
RDVY Calmar Ratio Rank: 61
RDVY Martin Ratio Rank: 69

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. RDVY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Balanced Fund Class T (JABAX) and First Trust Rising Dividend Achievers ETF (RDVY). 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	RDVY	Difference
Sharpe ratio Return per unit of total volatility	1.82	1.94	-0.12
Sortino ratio Return per unit of downside risk	2.60	2.78	-0.18
Omega ratio Gain probability vs. loss probability	1.33	1.34	-0.01
Calmar ratio Return relative to maximum drawdown	1.95	3.06	-1.11
Martin ratio Return relative to average drawdown	8.43	12.90	-4.47
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. RDVY - Sharpe Ratio Comparison

The current JABAX Sharpe Ratio is 1.82, which is comparable to the RDVY Sharpe Ratio of 1.94. The chart below compares the historical Sharpe Ratios of JABAX and RDVY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	JABAX	RDVY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.82	1.94	-0.12
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.79	0.59	+0.19
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.97	0.74	+0.22
Sharpe Ratio (All Time) Calculated using the full available price history	0.96	0.66	+0.30

Drawdowns

JABAX vs. RDVY - Drawdown Comparison

The maximum JABAX drawdown since its inception was -25.98%, smaller than the maximum RDVY drawdown of -40.60%. Use the drawdown chart below to compare losses from any high point for JABAX and RDVY.

Drawdown Indicators

	JABAX	RDVY	Difference
Max Drawdown Largest peak-to-trough decline	-25.98%	-40.60%	+14.62%
Max Drawdown (1Y) Largest decline over 1 year	-8.14%	-9.04%	+0.90%
Max Drawdown (3Y) Largest decline over 3 years	-11.93%	-19.11%	+7.18%
Max Drawdown (5Y) Largest decline over 5 years	-21.60%	-25.32%	+3.72%
Max Drawdown (10Y) Largest decline over 10 years	-22.50%	-40.60%	+18.10%
Current Drawdown Current decline from peak	0.00%	-0.48%	+0.48%
Average Drawdown Average peak-to-trough decline	-4.15%	-5.01%	+0.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.88%	2.14%	-0.26%

Volatility

JABAX vs. RDVY - Volatility Comparison

The current volatility for Janus Henderson Balanced Fund Class T (JABAX) is 2.46%, while First Trust Rising Dividend Achievers ETF (RDVY) has a volatility of 4.03%. This indicates that JABAX experiences smaller price fluctuations and is considered to be less risky than RDVY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JABAX	RDVY	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.46%	4.03%	-1.57%
Volatility (6M) Calculated over the trailing 6-month period	6.92%	10.96%	-4.04%
Volatility (1Y) Calculated over the trailing 1-year period	8.72%	14.02%	-5.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.34%	18.92%	-7.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.23%	21.11%	-9.88%

JABAX vs. RDVY - Expense Ratio Comparison

JABAX has a 0.66% expense ratio, which is higher than RDVY's 0.50% expense ratio.

Dividends

JABAX vs. RDVY - Dividend Comparison

JABAX's dividend yield for the trailing twelve months is around 8.39%, more than RDVY's 0.92% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JABAX Janus Henderson Balanced Fund Class T	8.39%	8.67%	11.71%	2.15%	1.83%	4.38%	2.41%	2.76%	6.95%	4.59%	3.28%	6.18%
RDVY First Trust Rising Dividend Achievers ETF	0.92%	1.11%	1.64%	2.09%	2.21%	1.04%	1.53%	1.55%	1.68%	1.25%	2.07%	2.14%

Frequently Asked Questions

Can I hold both JABAX and RDVY in my portfolio?

JABAX and RDVY have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JABAX or RDVY?

RDVY has higher volatility (4.03%) compared to JABAX (2.46%). In terms of maximum drawdown, JABAX dropped -25.98% vs RDVY's -40.60%.

Which has better risk-adjusted returns?

RDVY currently has the higher Sharpe Ratio (1.94 vs 1.82), 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.