JACTX vs. SCHD

Last updated Jul 14, 2026

JACTX (Janus Henderson Forty Fund Class T) and SCHD (Schwab U.S. Dividend Equity ETF) are both funds - JACTX is a Large Cap Growth Equities fund actively managed by Janus Henderson, while SCHD is a Dividend fund tracking the Dow Jones U.S. Dividend 100 Index. JACTX is actively managed, while SCHD is passively managed. Over the past 10 years, JACTX returned 16.27%/yr vs 12.34%/yr for SCHD. A 0.63 correlation means they provide meaningful diversification when combined. JACTX charges 0.76%/yr vs 0.06%/yr for SCHD.

Performance

JACTX vs. SCHD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Janus Henderson Forty Fund Class T (JACTX) and Schwab U.S. Dividend Equity ETF (SCHD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JACTX achieves a 5.10% return, which is significantly lower than SCHD's 20.66% return. Over the past 10 years, JACTX has outperformed SCHD with an annualized return of 16.27%, while SCHD has yielded a comparatively lower 12.34% annualized return.

JACTX

• 1D: 0.19%
• 1M: 2.90%
• 6M: 3.36%
• YTD: 5.10%
• 1Y: 13.13%
• 3Y*: 20.77%
• 5Y*: 9.10%
• 10Y*: 16.27%

SCHD

• 1D: 0.49%
• 1M: -0.00%
• 6M: 16.13%
• YTD: 20.66%
• 1Y: 23.51%
• 3Y*: 14.13%
• 5Y*: 9.00%
• 10Y*: 12.34%

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

JACTX vs. SCHD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JACTX Janus Henderson Forty Fund Class T	5.10%	18.17%	28.10%	39.85%	-33.64%	22.60%	39.05%	36.66%	1.38%	29.32%
SCHD Schwab U.S. Dividend Equity ETF	20.66%	4.34%	11.66%	4.54%	-3.26%	29.87%	15.03%	27.29%	-5.56%	20.85%

Correlation

The correlation between JACTX and SCHD is -0.02, 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	-0.02
Correlation (3Y) Calculated over the trailing 3-year period	0.28
Correlation (5Y) Calculated over the trailing 5-year period	0.49
Correlation (10Y) Calculated over the trailing 10-year period	0.55
Correlation (All Time) Calculated using the full available price history since Oct 20, 2011	0.63

The correlation between JACTX and SCHD shifts across timeframes, from -0.02 (1 year) to 0.63 (all time), reflecting how their relationship changes across market environments.

Return for Risk

JACTX vs. SCHD — Risk / Return Rank

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

JACTX

JACTX Risk / Return Rank: 12
JACTX Sharpe Ratio Rank: 12
JACTX Sortino Ratio Rank: 13
JACTX Omega Ratio Rank: 13
JACTX Calmar Ratio Rank: 10
JACTX Martin Ratio Rank: 11

SCHD

SCHD Risk / Return Rank: 86
SCHD Sharpe Ratio Rank: 85
SCHD Sortino Ratio Rank: 90
SCHD Omega Ratio Rank: 82
SCHD Calmar Ratio Rank: 93
SCHD Martin Ratio Rank: 81

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.

JACTX vs. SCHD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Forty Fund Class T (JACTX) and Schwab U.S. Dividend Equity ETF (SCHD). 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.

	JACTX	SCHD	Difference
Sharpe ratio: Return per unit of total volatility	0.69	2.17	-1.48
Sortino ratio: Return per unit of downside risk	1.04	3.32	-2.27
Omega ratio: Gain probability vs. loss probability	1.13	1.38	-0.25
Calmar ratio: Return relative to maximum drawdown	0.67	5.12	-4.44
Martin ratio: Return relative to average drawdown	2.12	12.47	-10.35

JACTX vs. SCHD - Sharpe Ratio Comparison

The current JACTX Sharpe Ratio is 0.69, which is lower than the SCHD Sharpe Ratio of 2.17. The chart below compares the historical Sharpe Ratios of JACTX and SCHD, 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

JACTX vs. SCHD - Drawdown Comparison

The maximum JACTX drawdown since its inception was -40.96%, which is greater than SCHD's maximum drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for JACTX and SCHD.

Drawdown Indicators

	JACTX	SCHD	Difference
Max Drawdown Largest peak-to-trough decline	-40.96%	-33.37%	-7.59%
Max Drawdown (1Y) Largest decline over 1 year	-19.09%	-4.61%	-14.48%
Max Drawdown (3Y) Largest decline over 3 years	-22.15%	-16.13%	-6.02%
Max Drawdown (5Y) Largest decline over 5 years	-40.96%	-16.85%	-24.11%
Max Drawdown (10Y) Largest decline over 10 years	-40.96%	-33.37%	-7.59%
Current Drawdown Current decline from peak	-3.51%	-0.03%	-3.48%
Average Drawdown Average peak-to-trough decline	-6.20%	-3.31%	-2.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.07%	1.89%	+4.18%

Volatility

JACTX vs. SCHD - Volatility Comparison

Janus Henderson Forty Fund Class T (JACTX) has a higher volatility of 7.03% compared to Schwab U.S. Dividend Equity ETF (SCHD) at 3.54%. This indicates that JACTX's price experiences larger fluctuations and is considered to be riskier than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JACTX	SCHD	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.03%	3.54%	+3.49%
Volatility (6M) Calculated over the trailing 6-month period	15.19%	7.70%	+7.49%
Volatility (1Y) Calculated over the trailing 1-year period	18.76%	10.93%	+7.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.25%	14.36%	+7.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.53%	16.70%	+4.83%

JACTX vs. SCHD - Expense Ratio Comparison

JACTX has a 0.76% expense ratio, which is higher than SCHD's 0.06% expense ratio.

Dividends

JACTX vs. SCHD - Dividend Comparison

JACTX's dividend yield for the trailing twelve months is around 12.25%, more than SCHD's 3.22% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JACTX Janus Henderson Forty Fund Class T	12.25%	12.88%	10.98%	8.87%	0.06%	9.91%	8.15%	7.02%	8.77%	14.26%	6.49%	15.78%
SCHD Schwab U.S. Dividend Equity ETF	3.22%	3.82%	3.64%	3.49%	3.39%	2.78%	3.16%	2.98%	3.06%	2.63%	2.89%	2.97%

Frequently Asked Questions

Can I hold both JACTX and SCHD in my portfolio?

JACTX and SCHD have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JACTX or SCHD?

JACTX has higher volatility (7.03%) compared to SCHD (3.54%). In terms of maximum drawdown, JACTX dropped -40.96% vs SCHD's -33.37%.

Which has better risk-adjusted returns?

SCHD currently has the higher Sharpe Ratio (2.17 vs 0.69), 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.