JABLX vs. JNRFX
JABLX (Janus Henderson VIT Balanced Portfolio) and JNRFX (Janus Henderson Research Fund Class D) are both mutual funds - JABLX is a Diversified Portfolio fund managed by Janus Henderson, while JNRFX is a Large Cap Growth Equities fund actively managed by Janus Henderson. Over the past 10 years, JABLX returned 10.38%/yr vs 15.79%/yr for JNRFX. Their correlation of 0.90 means they have usually moved in the same direction. JABLX charges 0.62%/yr vs 0.83%/yr for JNRFX.
Performance
JABLX vs. JNRFX - Performance Comparison
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Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with JABLX at 4.82% and JNRFX at 4.82%. Over the past 10 years, JABLX has underperformed JNRFX with an annualized return of 10.38%, while JNRFX has yielded a comparatively higher 15.79% annualized return.
JABLX
- 1D
- 0.95%
- 1M
- 1.23%
- 6M
- 5.25%
- YTD
- 4.82%
- 1Y
- 9.94%
- 3Y*
- 13.73%
- 5Y*
- 7.18%
- 10Y*
- 10.38%
- ALL TIME*
- 9.74%
JNRFX
- 1D
- 2.32%
- 1M
- 0.26%
- 6M
- 8.41%
- YTD
- 4.82%
- 1Y
- 9.78%
- 3Y*
- 22.57%
- 5Y*
- 12.09%
- 10Y*
- 15.79%
- ALL TIME*
- 10.01%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
JABLX vs. JNRFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JABLX Janus Henderson VIT Balanced Portfolio | 4.82% | 15.13% | 15.42% | 15.41% | -16.36% | 17.20% | 14.21% | 22.60% | 0.68% | 18.44% |
JNRFX Janus Henderson Research Fund Class D | 4.82% | 18.45% | 35.13% | 43.14% | -29.96% | 20.19% | 32.82% | 35.40% | -2.73% | 25.90% |
Correlation
The correlation between JABLX and JNRFX is 0.93, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.93 |
Correlation (3Y) Balances recent behavior with more history. | 0.91 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.93 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.93 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 1993 | 0.90 |
The correlation between JABLX and JNRFX has been stable across timeframes, ranging from 0.90 to 0.93 - a consistent structural relationship.
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Return for Risk
JABLX vs. JNRFX — Risk / Return Rank
JABLX
JNRFX
JABLX vs. JNRFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Janus Henderson VIT Balanced Portfolio (JABLX) and Janus Henderson Research Fund Class D (JNRFX). 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.
| JABLX | JNRFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.54 | ||
| Sortino ratioReturn per unit of downside risk | +0.70 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.12 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.39 | 0.70 | +0.68 |
| Martin ratioReturn relative to average drawdown | 5.84 | 2.23 | +3.61 |
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Drawdowns
JABLX vs. JNRFX - Drawdown Comparison
The maximum JABLX drawdown since its inception was -27.07%, smaller than the maximum JNRFX drawdown of -74.74%. Use the drawdown chart below to compare losses from any high point for JABLX and JNRFX.
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Drawdown Indicators
| JABLX | JNRFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.07% | -74.74% | +47.67% |
Max Drawdown (1Y)Largest decline over 1 year | -8.10% | -17.05% | +8.95% |
Max Drawdown (3Y)Largest decline over 3 years | -11.89% | -22.66% | +10.77% |
Max Drawdown (5Y)Largest decline over 5 years | -21.30% | -36.48% | +15.18% |
Max Drawdown (10Y)Largest decline over 10 years | -22.47% | -36.48% | +14.01% |
Current DrawdownCurrent decline from peak | 0.00% | -4.27% | +4.27% |
Average DrawdownAverage peak-to-trough decline | -4.69% | -24.85% | +20.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.92% | 5.35% | -3.43% |
Volatility
JABLX vs. JNRFX - Volatility Comparison
The current volatility for Janus Henderson VIT Balanced Portfolio (JABLX) is 2.87%, while Janus Henderson Research Fund Class D (JNRFX) has a volatility of 7.20%. This indicates that JABLX experiences smaller price fluctuations and is considered to be less risky than JNRFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JABLX | JNRFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.87% | 7.20% | -4.33% |
Volatility (6M)Calculated over the trailing 6-month period | 7.75% | 15.45% | -7.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.53% | 18.58% | -9.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.29% | 22.47% | -11.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.16% | 21.51% | -10.35% |
JABLX vs. JNRFX - Expense Ratio Comparison
JABLX has a 0.62% expense ratio, which is lower than JNRFX's 0.83% expense ratio.
Dividends
JABLX vs. JNRFX - Dividend Comparison
JABLX's dividend yield for the trailing twelve months is around 10.57%, less than JNRFX's 11.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JABLX Janus Henderson VIT Balanced Portfolio | 10.57% | 5.16% | 2.02% | 2.01% | 4.78% | 1.58% | 3.14% | 4.43% | 5.22% | 1.71% | 3.64% | 5.22% |
JNRFX Janus Henderson Research Fund Class D | 11.39% | 11.94% | 5.11% | 2.93% | 0.43% | 13.01% | 2.98% | 10.37% | 11.06% | 8.22% | 5.41% | 9.21% |
Frequently Asked Questions
With a correlation of 0.93, JABLX and JNRFX 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.
JNRFX has higher volatility (7.20%) compared to JABLX (2.87%). In terms of maximum drawdown, JABLX dropped -27.07% vs JNRFX's -74.74%.
JABLX currently has the higher Sharpe Ratio (1.18 vs 0.65), 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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