JACTX vs. VOOG

Last updated Jun 24, 2026

JACTX (Janus Henderson Forty Fund Class T) and VOOG (Vanguard S&P 500 Growth ETF) are both funds - JACTX is a Large Cap Growth Equities fund actively managed by Janus Henderson, while VOOG is a S&P 500 fund tracking the S&P 500 Growth Index. JACTX is actively managed, while VOOG is passively managed. Over the past 10 years, JACTX returned 16.85%/yr vs 18.00%/yr for VOOG. Their correlation of 0.94 suggests significant overlap in exposure. JACTX charges 0.76%/yr vs 0.07%/yr for VOOG.

Performance

JACTX vs. VOOG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Janus Henderson Forty Fund Class T (JACTX) and Vanguard S&P 500 Growth ETF (VOOG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JACTX achieves a 3.83% return, which is significantly lower than VOOG's 8.71% return. Over the past 10 years, JACTX has underperformed VOOG with an annualized return of 16.85%, while VOOG has yielded a comparatively higher 18.00% annualized return.

JACTX

• 1D: -1.40%
• 1M: -0.05%
• YTD: 3.83%
• 6M: 2.93%
• 1Y: 18.34%
• 3Y*: 21.09%
• 5Y*: 9.38%
• 10Y*: 16.85%

VOOG

• 1D: -2.34%
• 1M: -2.03%
• YTD: 8.71%
• 6M: 7.44%
• 1Y: 26.86%
• 3Y*: 25.47%
• 5Y*: 14.06%
• 10Y*: 18.00%

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

JACTX vs. VOOG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JACTX Janus Henderson Forty Fund Class T	3.83%	18.17%	28.10%	39.85%	-33.64%	22.60%	39.05%	36.66%	1.38%	29.32%
VOOG Vanguard S&P 500 Growth ETF	8.71%	22.11%	35.89%	29.96%	-29.48%	31.95%	33.35%	30.93%	-0.21%	27.19%

Correlation

The correlation between JACTX and VOOG is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.94
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (10Y) Calculated over the trailing 10-year period	0.96
Correlation (All Time) Calculated using the full available price history since Sep 9, 2010	0.94

The correlation between JACTX and VOOG has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.

Return for Risk

JACTX vs. VOOG — Risk / Return Rank

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

JACTX

JACTX Risk / Return Rank: 14
JACTX Sharpe Ratio Rank: 16
JACTX Sortino Ratio Rank: 15
JACTX Omega Ratio Rank: 16
JACTX Calmar Ratio Rank: 11
JACTX Martin Ratio Rank: 12

VOOG

VOOG Risk / Return Rank: 45
VOOG Sharpe Ratio Rank: 47
VOOG Sortino Ratio Rank: 45
VOOG Omega Ratio Rank: 44
VOOG Calmar Ratio Rank: 41
VOOG Martin Ratio Rank: 48

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. VOOG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Forty Fund Class T (JACTX) and Vanguard S&P 500 Growth ETF (VOOG). 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	VOOG	Difference
Sharpe ratio: Return per unit of total volatility	1.05	1.59	-0.54
Sortino ratio: Return per unit of downside risk	1.50	2.17	-0.68
Omega ratio: Gain probability vs. loss probability	1.19	1.28	-0.09
Calmar ratio: Return relative to maximum drawdown	1.02	1.97	-0.95
Martin ratio: Return relative to average drawdown	3.27	7.82	-4.55

JACTX vs. VOOG - Sharpe Ratio Comparison

The current JACTX Sharpe Ratio is 1.05, which is lower than the VOOG Sharpe Ratio of 1.59. The chart below compares the historical Sharpe Ratios of JACTX and VOOG, 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. VOOG - Drawdown Comparison

The maximum JACTX drawdown since its inception was -40.96%, which is greater than VOOG's maximum drawdown of -32.73%. Use the drawdown chart below to compare losses from any high point for JACTX and VOOG.

Drawdown Indicators

	JACTX	VOOG	Difference
Max Drawdown Largest peak-to-trough decline	-40.96%	-32.73%	-8.23%
Max Drawdown (1Y) Largest decline over 1 year	-19.09%	-13.71%	-5.38%
Max Drawdown (3Y) Largest decline over 3 years	-22.15%	-22.18%	+0.03%
Max Drawdown (5Y) Largest decline over 5 years	-40.96%	-32.73%	-8.23%
Max Drawdown (10Y) Largest decline over 10 years	-40.96%	-32.73%	-8.23%
Current Drawdown Current decline from peak	-4.68%	-5.49%	+0.81%
Average Drawdown Average peak-to-trough decline	-6.20%	-4.96%	-1.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.93%	3.45%	+2.48%

Volatility

JACTX vs. VOOG - Volatility Comparison

Janus Henderson Forty Fund Class T (JACTX) and Vanguard S&P 500 Growth ETF (VOOG) have volatilities of 7.57% and 7.23%, 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.

Volatility by Period

	JACTX	VOOG	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.57%	7.23%	+0.34%
Volatility (6M) Calculated over the trailing 6-month period	14.80%	13.86%	+0.94%
Volatility (1Y) Calculated over the trailing 1-year period	18.61%	17.04%	+1.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.19%	21.38%	+0.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.56%	20.81%	+0.75%

JACTX vs. VOOG - Expense Ratio Comparison

JACTX has a 0.76% expense ratio, which is higher than VOOG's 0.07% expense ratio.

Dividends

JACTX vs. VOOG - Dividend Comparison

JACTX's dividend yield for the trailing twelve months is around 12.40%, more than VOOG's 0.46% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JACTX Janus Henderson Forty Fund Class T	12.40%	12.88%	10.98%	8.87%	0.06%	9.91%	8.15%	7.02%	8.77%	14.26%	6.49%	15.78%
VOOG Vanguard S&P 500 Growth ETF	0.46%	0.49%	0.49%	1.12%	0.93%	0.53%	0.88%	1.26%	1.34%	1.32%	1.47%	1.56%

Frequently Asked Questions

Can I hold both JACTX and VOOG in my portfolio?

With a correlation of 0.94, JACTX and VOOG 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.

Which is riskier, JACTX or VOOG?

JACTX has higher volatility (7.57%) compared to VOOG (7.23%). In terms of maximum drawdown, JACTX dropped -40.96% vs VOOG's -32.73%.

Which has better risk-adjusted returns?

VOOG currently has the higher Sharpe Ratio (1.59 vs 1.05), 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.