JACNX vs. BRK-B

Last updated Jun 5, 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 14.05%/yr vs 12.93%/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 20.69% return, which is significantly higher than BRK-B's -4.78% return. Over the past 10 years, JACNX has outperformed BRK-B with an annualized return of 14.05%, while BRK-B has yielded a comparatively lower 12.93% annualized return.

JACNX

• 1D: -1.37%
• 1M: 7.33%
• YTD: 20.69%
• 6M: 18.13%
• 1Y: 33.81%
• 3Y*: 19.35%
• 5Y*: 8.62%
• 10Y*: 14.05%

BRK-B

• 1D: 0.69%
• 1M: 2.82%
• YTD: -4.78%
• 6M: -4.89%
• 1Y: -2.52%
• 3Y*: 13.36%
• 5Y*: 10.35%
• 10Y*: 12.93%

*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	20.69%	7.34%	18.44%	21.58%	-21.54%	20.79%	27.88%	43.19%	-4.08%	5.00%
BRK-B Berkshire Hathaway Inc.	-4.78%	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 0.04, 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	0.04
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 0.04 - 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: 33
JACNX Sharpe Ratio Rank: 34
JACNX Sortino Ratio Rank: 31
JACNX Omega Ratio Rank: 30
JACNX Calmar Ratio Rank: 39
JACNX Martin Ratio Rank: 33

BRK-B

BRK-B Risk / Return Rank: 31
BRK-B Sharpe Ratio Rank: 34
BRK-B Sortino Ratio Rank: 28
BRK-B Omega Ratio Rank: 27
BRK-B Calmar Ratio Rank: 33
BRK-B Martin Ratio Rank: 32

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	1.69	-0.18	+1.87
Sortino ratio: Return per unit of downside risk	2.32	-0.15	+2.47
Omega ratio: Gain probability vs. loss probability	1.28	0.98	+0.30
Calmar ratio: Return relative to maximum drawdown	2.36	-0.27	+2.63
Martin ratio: Return relative to average drawdown	7.41	-0.57	+7.98
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 1.69, which is higher than the BRK-B Sharpe Ratio of -0.18. 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	1.69	-0.18	+1.87
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.39	0.61	-0.21
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.65	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	-1.37%	-11.33%	+9.96%
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%	4.46%	+0.07%

Volatility

JACNX vs. BRK-B - Volatility Comparison

Janus Henderson Contrarian Fund (JACNX) has a higher volatility of 6.40% compared to Berkshire Hathaway Inc. (BRK-B) at 3.72%. 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	6.40%	3.72%	+2.68%
Volatility (6M) Calculated over the trailing 6-month period	15.82%	10.70%	+5.12%
Volatility (1Y) Calculated over the trailing 1-year period	19.96%	14.32%	+5.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.06%	17.11%	+4.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.79%	19.43%	+2.36%

Dividends

JACNX vs. BRK-B - Dividend Comparison

JACNX's dividend yield for the trailing twelve months is around 9.20%, 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	9.20%	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 0.04, 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 (6.40%) compared to BRK-B (3.72%). 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 (1.69 vs -0.18), 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.