JACNX vs. BRK-B

Last updated Jun 3, 2026

JACNX (Janus Henderson Contrarian Fund) is Mid Cap Blend Equities fund managed by Janus Henderson, while BRK-B (Berkshire Hathaway Inc.) is a stock. Over the past 10 years, JACNX returned 13.97%/yr vs 12.91%/yr for BRK-B. At a 0.48 correlation, their price movements are largely independent.

Performance

JACNX vs. BRK-B - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Janus Henderson Contrarian Fund (JACNX) and Berkshire Hathaway Inc. (BRK-B). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JACNX achieves a 19.87% return, which is significantly higher than BRK-B's -5.43% return. Over the past 10 years, JACNX has outperformed BRK-B with an annualized return of 13.97%, while BRK-B has yielded a comparatively lower 12.91% annualized return.

JACNX

• 1D: 1.97%
• 1M: 8.29%
• YTD: 19.87%
• 6M: 19.97%
• 1Y: 34.25%
• 3Y*: 19.08%
• 5Y*: 8.51%
• 10Y*: 13.97%

BRK-B

• 1D: 0.82%
• 1M: 1.46%
• YTD: -5.43%
• 6M: -5.61%
• 1Y: -4.51%
• 3Y*: 13.00%
• 5Y*: 10.20%
• 10Y*: 12.91%

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

JACNX vs. BRK-B - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JACNX Janus Henderson Contrarian Fund	19.87%	7.34%	18.44%	21.58%	-21.54%	20.79%	27.88%	43.19%	-4.08%	5.00%
BRK-B Berkshire Hathaway Inc.	-5.43%	10.89%	27.09%	15.46%	3.31%	28.95%	2.37%	10.93%	3.01%	21.62%

Correlation

The correlation between JACNX and BRK-B is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.05
Correlation (3Y) Calculated over the trailing 3-year period	0.27
Correlation (5Y) Calculated over the trailing 5-year period	0.45
Correlation (10Y) Calculated over the trailing 10-year period	0.54
Correlation (All Time) Calculated using the full available price history since Mar 1, 2000	0.48

Over the past year, the correlation between JACNX and BRK-B has dropped to 0.05 - well below their long-term average of 0.48, suggesting their price drivers have been diverging.

Return for Risk

JACNX vs. BRK-B — Risk / Return Rank

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

JACNX

JACNX Risk / Return Rank: 34
JACNX Sharpe Ratio Rank: 35
JACNX Sortino Ratio Rank: 32
JACNX Omega Ratio Rank: 31
JACNX Calmar Ratio Rank: 38
JACNX Martin Ratio Rank: 32

BRK-B

BRK-B Risk / Return Rank: 23
BRK-B Sharpe Ratio Rank: 27
BRK-B Sortino Ratio Rank: 22
BRK-B Omega Ratio Rank: 23
BRK-B Calmar Ratio Rank: 24
BRK-B Martin Ratio Rank: 20

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.

JACNX vs. BRK-B - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Contrarian Fund (JACNX) and Berkshire Hathaway Inc. (BRK-B). 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.

	JACNX	BRK-B	Difference
Sharpe ratio Return per unit of total volatility	1.74	-0.32	+2.06
Sortino ratio Return per unit of downside risk	2.39	-0.34	+2.72
Omega ratio Gain probability vs. loss probability	1.29	0.96	+0.33
Calmar ratio Return relative to maximum drawdown	2.39	-0.48	+2.87
Martin ratio Return relative to average drawdown	7.52	-1.02	+8.54
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JACNX vs. BRK-B - Sharpe Ratio Comparison

The current JACNX Sharpe Ratio is 1.74, which is higher than the BRK-B Sharpe Ratio of -0.32. The chart below compares the historical Sharpe Ratios of JACNX and BRK-B, 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

	JACNX	BRK-B	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.74	-0.32	+2.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.39	0.60	-0.21
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.64	0.67	-0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.38	0.48	-0.10

Drawdowns

JACNX vs. BRK-B - Drawdown Comparison

The maximum JACNX drawdown since its inception was -66.81%, which is greater than BRK-B's maximum drawdown of -53.86%. Use the drawdown chart below to compare losses from any high point for JACNX and BRK-B.

Drawdown Indicators

	JACNX	BRK-B	Difference
Max Drawdown Largest peak-to-trough decline	-66.81%	-53.86%	-12.95%
Max Drawdown (1Y) Largest decline over 1 year	-14.27%	-9.42%	-4.85%
Max Drawdown (3Y) Largest decline over 3 years	-23.92%	-14.95%	-8.97%
Max Drawdown (5Y) Largest decline over 5 years	-30.32%	-26.58%	-3.74%
Max Drawdown (10Y) Largest decline over 10 years	-40.25%	-29.57%	-10.68%
Current Drawdown Current decline from peak	0.00%	-11.94%	+11.94%
Average Drawdown Average peak-to-trough decline	-14.67%	-11.07%	-3.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.53%	4.57%	-0.04%

Volatility

JACNX vs. BRK-B - Volatility Comparison

Janus Henderson Contrarian Fund (JACNX) has a higher volatility of 5.94% compared to Berkshire Hathaway Inc. (BRK-B) at 3.75%. This indicates that JACNX's price experiences larger fluctuations and is considered to be riskier than BRK-B based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JACNX	BRK-B	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.94%	3.75%	+2.19%
Volatility (6M) Calculated over the trailing 6-month period	15.65%	10.68%	+4.97%
Volatility (1Y) Calculated over the trailing 1-year period	19.85%	14.33%	+5.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.03%	17.11%	+4.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.78%	19.43%	+2.35%

Dividends

JACNX vs. BRK-B - Dividend Comparison

JACNX's dividend yield for the trailing twelve months is around 9.26%, while BRK-B has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BRK-B Berkshire Hathaway Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
JACNX Janus Henderson Contrarian Fund	9.26%	11.10%	11.53%	7.13%	0.53%	9.63%	1.69%	11.74%	8.86%	7.77%	3.52%	2.71%

Frequently Asked Questions

Can I hold both JACNX and BRK-B in my portfolio?

JACNX and BRK-B have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JACNX or BRK-B?

JACNX has higher volatility (5.94%) compared to BRK-B (3.75%). In terms of maximum drawdown, JACNX dropped -66.81% vs BRK-B's -53.86%.

Which has better risk-adjusted returns?

JACNX currently has the higher Sharpe Ratio (1.74 vs -0.32), 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.