JABAX vs. VT

Last updated Jul 15, 2026

JABAX (Janus Henderson Balanced Fund Class T) and VT (Vanguard Total World Stock ETF) are both funds - JABAX is a Diversified Portfolio fund actively managed by Janus Henderson, while VT is a Global Equities fund tracking the FTSE Global All Cap Index. JABAX is actively managed, while VT is passively managed. Over the past 10 years, JABAX returned 10.57%/yr vs 12.46%/yr for VT. Their correlation of 0.91 suggests significant overlap in exposure. JABAX charges 0.66%/yr vs 0.06%/yr for VT.

Performance

JABAX vs. VT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Janus Henderson Balanced Fund Class T (JABAX) and Vanguard Total World Stock ETF (VT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JABAX achieves a 3.24% return, which is significantly lower than VT's 11.81% return. Over the past 10 years, JABAX has underperformed VT with an annualized return of 10.57%, while VT has yielded a comparatively higher 12.46% annualized return.

JABAX

• 1D: -0.70%
• 1M: 0.57%
• 6M: 2.14%
• YTD: 3.24%
• 1Y: 9.95%
• 3Y*: 14.62%
• 5Y*: 7.79%
• 10Y*: 10.57%

VT

• 1D: 0.62%
• 1M: 0.68%
• 6M: 9.00%
• YTD: 11.81%
• 1Y: 23.22%
• 3Y*: 18.88%
• 5Y*: 10.79%
• 10Y*: 12.46%

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

JABAX vs. VT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JABAX Janus Henderson Balanced Fund Class T	3.24%	14.85%	20.63%	15.29%	-16.70%	17.07%	14.22%	22.40%	0.53%	17.68%
VT Vanguard Total World Stock ETF	11.81%	22.43%	16.49%	22.02%	-18.00%	18.27%	16.59%	26.81%	-9.76%	24.50%

Correlation

The correlation between JABAX and VT is 0.93, 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	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (10Y) Calculated over the trailing 10-year period	0.91
Correlation (All Time) Calculated using the full available price history since Jun 26, 2008	0.91

The correlation between JABAX and VT has been stable across timeframes, ranging from 0.91 to 0.93 - a consistent structural relationship.

Return for Risk

JABAX vs. VT — Risk / Return Rank

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

JABAX

JABAX Risk / Return Rank: 26
JABAX Sharpe Ratio Rank: 27
JABAX Sortino Ratio Rank: 26
JABAX Omega Ratio Rank: 26
JABAX Calmar Ratio Rank: 21
JABAX Martin Ratio Rank: 30

VT

VT Risk / Return Rank: 65
VT Sharpe Ratio Rank: 65
VT Sortino Ratio Rank: 65
VT Omega Ratio Rank: 65
VT Calmar Ratio Rank: 60
VT Martin Ratio Rank: 71

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. VT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Balanced Fund Class T (JABAX) and Vanguard Total World Stock ETF (VT). 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	VT	Difference
Sharpe ratio: Return per unit of total volatility	1.09	1.71	-0.61
Sortino ratio: Return per unit of downside risk	1.59	2.38	-0.79
Omega ratio: Gain probability vs. loss probability	1.20	1.31	-0.11
Calmar ratio: Return relative to maximum drawdown	1.24	2.41	-1.18
Martin ratio: Return relative to average drawdown	5.25	10.27	-5.02

JABAX vs. VT - Sharpe Ratio Comparison

The current JABAX Sharpe Ratio is 1.09, which is lower than the VT Sharpe Ratio of 1.71. The chart below compares the historical Sharpe Ratios of JABAX and VT, 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. VT - Drawdown Comparison

The maximum JABAX drawdown since its inception was -25.98%, smaller than the maximum VT drawdown of -50.27%. Use the drawdown chart below to compare losses from any high point for JABAX and VT.

Drawdown Indicators

	JABAX	VT	Difference
Max Drawdown Largest peak-to-trough decline	-25.98%	-50.27%	+24.29%
Max Drawdown (1Y) Largest decline over 1 year	-8.14%	-9.67%	+1.53%
Max Drawdown (3Y) Largest decline over 3 years	-11.93%	-16.51%	+4.58%
Max Drawdown (5Y) Largest decline over 5 years	-21.60%	-26.38%	+4.78%
Max Drawdown (10Y) Largest decline over 10 years	-22.50%	-34.24%	+11.74%
Current Drawdown Current decline from peak	-0.78%	-1.26%	+0.48%
Average Drawdown Average peak-to-trough decline	-4.14%	-6.99%	+2.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.91%	2.27%	-0.36%

Volatility

JABAX vs. VT - Volatility Comparison

The current volatility for Janus Henderson Balanced Fund Class T (JABAX) is 3.02%, while Vanguard Total World Stock ETF (VT) has a volatility of 4.18%. This indicates that JABAX experiences smaller price fluctuations and is considered to be less risky than VT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JABAX	VT	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.02%	4.18%	-1.16%
Volatility (6M) Calculated over the trailing 6-month period	7.62%	11.47%	-3.85%
Volatility (1Y) Calculated over the trailing 1-year period	9.22%	13.66%	-4.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.44%	16.20%	-4.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.25%	17.16%	-5.91%

JABAX vs. VT - Expense Ratio Comparison

JABAX has a 0.66% expense ratio, which is higher than VT's 0.06% expense ratio.

Dividends

JABAX vs. VT - Dividend Comparison

JABAX's dividend yield for the trailing twelve months is around 8.43%, more than VT's 1.58% 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%
VT Vanguard Total World Stock ETF	1.58%	1.82%	1.95%	2.08%	2.20%	1.82%	1.66%	2.32%	2.53%	2.11%	2.39%	2.45%

Frequently Asked Questions

Can I hold both JABAX and VT in my portfolio?

With a correlation of 0.93, JABAX and VT 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 VT?

VT has higher volatility (4.18%) compared to JABAX (3.02%). In terms of maximum drawdown, JABAX dropped -25.98% vs VT's -50.27%.

Which has better risk-adjusted returns?

VT currently has the higher Sharpe Ratio (1.71 vs 1.09), 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.