JACAX vs. JARTX
JACAX (Janus Henderson VIT Forty Portfolio) and JARTX (Janus Henderson Forty Fund) are both Large Cap Growth Equities funds from Janus Henderson. Over the past 10 years, JACAX returned 16.85%/yr vs 16.25%/yr for JARTX. With a 1.00 correlation, they move nearly in lockstep. JACAX charges 0.77%/yr vs 1.20%/yr for JARTX.
Performance
JACAX vs. JARTX - Performance Comparison
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Returns By Period
In the year-to-date period, JACAX achieves a 0.76% return, which is significantly lower than JARTX's 1.04% return. Both investments have delivered pretty close results over the past 10 years, with JACAX having a 16.85% annualized return and JARTX not far behind at 16.25%.
JACAX
- 1D
- 0.11%
- 1M
- -3.27%
- YTD
- 0.76%
- 6M
- -0.29%
- 1Y
- 12.15%
- 3Y*
- 20.05%
- 5Y*
- 8.95%
- 10Y*
- 16.85%
JARTX
- 1D
- 0.10%
- 1M
- -2.97%
- YTD
- 1.04%
- 6M
- -0.02%
- 1Y
- 12.32%
- 3Y*
- 19.75%
- 5Y*
- 8.45%
- 10Y*
- 16.25%
JACAX vs. JARTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JACAX Janus Henderson VIT Forty Portfolio | 0.76% | 18.31% | 28.47% | 39.96% | -33.20% | 23.08% | 38.78% | 37.19% | 1.94% | 30.39% |
JARTX Janus Henderson Forty Fund | 1.04% | 17.88% | 27.76% | 39.50% | -33.81% | 22.30% | 38.69% | 36.30% | 1.10% | 29.05% |
Correlation
The correlation between JACAX and JARTX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 1.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 1.00 |
Correlation (10Y) Calculated over the trailing 10-year period | 1.00 |
Correlation (All Time) Calculated using the full available price history since Apr 30, 1997 | 1.00 |
The correlation between JACAX and JARTX has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.
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Return for Risk
JACAX vs. JARTX — Risk / Return Rank
JACAX
JARTX
JACAX vs. JARTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Janus Henderson VIT Forty Portfolio (JACAX) and Janus Henderson Forty Fund (JARTX). 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.
| JACAX | JARTX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.13 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.65 | 0.66 | 0.00 |
| Martin ratioReturn relative to average drawdown | 2.08 | 2.10 | -0.02 |
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Drawdowns
JACAX vs. JARTX - Drawdown Comparison
The maximum JACAX drawdown since its inception was -57.74%, roughly equal to the maximum JARTX drawdown of -56.70%. Use the drawdown chart below to compare losses from any high point for JACAX and JARTX.
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Drawdown Indicators
| JACAX | JARTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.74% | -56.70% | -1.04% |
Max Drawdown (1Y)Largest decline over 1 year | -19.05% | -19.19% | +0.14% |
Max Drawdown (3Y)Largest decline over 3 years | -22.10% | -22.22% | +0.12% |
Max Drawdown (5Y)Largest decline over 5 years | -40.60% | -41.09% | +0.49% |
Max Drawdown (10Y)Largest decline over 10 years | -40.60% | -41.09% | +0.49% |
Current DrawdownCurrent decline from peak | -7.39% | -7.13% | -0.26% |
Average DrawdownAverage peak-to-trough decline | -16.74% | -16.81% | +0.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.99% | 6.02% | -0.03% |
Volatility
JACAX vs. JARTX - Volatility Comparison
Janus Henderson VIT Forty Portfolio (JACAX) and Janus Henderson Forty Fund (JARTX) have volatilities of 8.04% and 8.03%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JACAX | JARTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.04% | 8.03% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 14.84% | 14.90% | -0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.70% | 18.76% | -0.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.20% | 22.21% | -0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.61% | 21.53% | +0.08% |
JACAX vs. JARTX - Expense Ratio Comparison
JACAX has a 0.77% expense ratio, which is lower than JARTX's 1.20% expense ratio.
Dividends
JACAX vs. JARTX - Dividend Comparison
JACAX's dividend yield for the trailing twelve months is around 33.93%, more than JARTX's 13.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JACAX Janus Henderson VIT Forty Portfolio | 33.93% | 12.42% | 5.57% | 0.17% | 21.09% | 12.14% | 6.42% | 7.80% | 16.87% | 5.10% | 14.93% | 23.91% |
JARTX Janus Henderson Forty Fund | 13.51% | 13.65% | 11.51% | 9.10% | 0.06% | 10.26% | 8.38% | 7.05% | 8.95% | 14.50% | 6.57% | 15.93% |
Frequently Asked Questions
With a correlation of 1.00, JACAX and JARTX 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.
JACAX has higher volatility (8.04%) compared to JARTX (8.03%). In terms of maximum drawdown, JACAX dropped -57.74% vs JARTX's -56.70%.
JARTX currently has the higher Sharpe Ratio (0.68 vs 0.67), 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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