JAGRX vs. QQQX

Last updated Jun 5, 2026

JAGRX (Janus Henderson VIT Research Portfolio) and QQQX (Nuveen NASDAQ 100 Dynamic Overwrite Fund) are both Large Cap Growth Equities funds. Over the past 10 years, JAGRX returned 16.78%/yr vs 13.33%/yr for QQQX. A 0.75 correlation means they provide meaningful diversification when combined. JAGRX charges 0.60%/yr vs 0.92%/yr for QQQX.

Performance

JAGRX vs. QQQX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Janus Henderson VIT Research Portfolio (JAGRX) and Nuveen NASDAQ 100 Dynamic Overwrite Fund (QQQX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JAGRX achieves a 7.75% return, which is significantly lower than QQQX's 11.14% return. Over the past 10 years, JAGRX has outperformed QQQX with an annualized return of 16.78%, while QQQX has yielded a comparatively lower 13.33% annualized return.

JAGRX

• 1D: -1.37%
• 1M: 5.65%
• YTD: 7.75%
• 6M: 7.14%
• 1Y: 22.97%
• 3Y*: 25.83%
• 5Y*: 14.53%
• 10Y*: 16.78%

QQQX

• 1D: -0.61%
• 1M: 2.18%
• YTD: 11.14%
• 6M: 14.21%
• 1Y: 32.80%
• 3Y*: 15.49%
• 5Y*: 9.44%
• 10Y*: 13.33%

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

JAGRX vs. QQQX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JAGRX Janus Henderson VIT Research Portfolio	7.75%	18.43%	35.33%	43.17%	-29.45%	20.41%	32.28%	35.60%	-2.58%	27.90%
QQQX Nuveen NASDAQ 100 Dynamic Overwrite Fund	11.14%	14.87%	25.61%	21.68%	-27.39%	25.32%	15.75%	28.83%	-11.68%	39.19%

Correlation

The correlation between JAGRX and QQQX is 0.80, 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	0.80
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (5Y) Calculated over the trailing 5-year period	0.81
Correlation (10Y) Calculated over the trailing 10-year period	0.78
Correlation (All Time) Calculated using the full available price history since Feb 2, 2007	0.75

The correlation between JAGRX and QQQX has been stable across timeframes, ranging from 0.75 to 0.81 - a consistent structural relationship.

Return for Risk

JAGRX vs. QQQX — Risk / Return Rank

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

JAGRX

JAGRX Risk / Return Rank: 23
JAGRX Sharpe Ratio Rank: 29
JAGRX Sortino Ratio Rank: 26
JAGRX Omega Ratio Rank: 27
JAGRX Calmar Ratio Rank: 17
JAGRX Martin Ratio Rank: 18

QQQX

QQQX Risk / Return Rank: 68
QQQX Sharpe Ratio Rank: 57
QQQX Sortino Ratio Rank: 60
QQQX Omega Ratio Rank: 57
QQQX Calmar Ratio Rank: 79
QQQX Martin Ratio Rank: 88

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.

JAGRX vs. QQQX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Janus Henderson VIT Research Portfolio (JAGRX) and Nuveen NASDAQ 100 Dynamic Overwrite Fund (QQQX). 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.

	JAGRX	QQQX	Difference
Sharpe ratio: Return per unit of total volatility	1.50	2.24	-0.74
Sortino ratio: Return per unit of downside risk	2.09	3.25	-1.17
Omega ratio: Gain probability vs. loss probability	1.26	1.42	-0.15
Calmar ratio: Return relative to maximum drawdown	1.40	3.61	-2.22
Martin ratio: Return relative to average drawdown	4.82	16.87	-12.06
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JAGRX vs. QQQX - Sharpe Ratio Comparison

The current JAGRX Sharpe Ratio is 1.50, which is lower than the QQQX Sharpe Ratio of 2.24. The chart below compares the historical Sharpe Ratios of JAGRX and QQQX, 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

	JAGRX	QQQX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.50	2.24	-0.74
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.66	0.48	+0.18
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.79	0.63	+0.15
Sharpe Ratio (All Time) Calculated using the full available price history	0.51	0.48	+0.03

Drawdowns

JAGRX vs. QQQX - Drawdown Comparison

The maximum JAGRX drawdown since its inception was -63.35%, which is greater than QQQX's maximum drawdown of -57.25%. Use the drawdown chart below to compare losses from any high point for JAGRX and QQQX.

Drawdown Indicators

	JAGRX	QQQX	Difference
Max Drawdown Largest peak-to-trough decline	-63.35%	-57.25%	-6.10%
Max Drawdown (1Y) Largest decline over 1 year	-17.07%	-9.11%	-7.96%
Max Drawdown (3Y) Largest decline over 3 years	-22.69%	-22.80%	+0.11%
Max Drawdown (5Y) Largest decline over 5 years	-35.99%	-29.33%	-6.66%
Max Drawdown (10Y) Largest decline over 10 years	-35.99%	-35.96%	-0.03%
Current Drawdown Current decline from peak	-1.60%	-2.36%	+0.76%
Average Drawdown Average peak-to-trough decline	-18.38%	-8.02%	-10.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.95%	1.95%	+3.00%

Volatility

JAGRX vs. QQQX - Volatility Comparison

Janus Henderson VIT Research Portfolio (JAGRX) and Nuveen NASDAQ 100 Dynamic Overwrite Fund (QQQX) have volatilities of 4.13% and 4.31%, 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

	JAGRX	QQQX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.13%	4.31%	-0.18%
Volatility (6M) Calculated over the trailing 6-month period	12.40%	11.58%	+0.82%
Volatility (1Y) Calculated over the trailing 1-year period	15.94%	14.71%	+1.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.06%	19.82%	+2.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.33%	21.06%	+0.27%

JAGRX vs. QQQX - Expense Ratio Comparison

JAGRX has a 0.60% expense ratio, which is lower than QQQX's 0.92% expense ratio.

Dividends

JAGRX vs. QQQX - Dividend Comparison

JAGRX's dividend yield for the trailing twelve months is around 6.87%, less than QQQX's 7.40% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JAGRX Janus Henderson VIT Research Portfolio	6.87%	7.41%	2.63%	0.12%	24.98%	4.91%	7.66%	10.73%	6.12%	1.23%	6.99%	22.73%
QQQX Nuveen NASDAQ 100 Dynamic Overwrite Fund	7.40%	7.85%	6.73%	7.26%	9.66%	5.85%	6.00%	6.49%	8.40%	5.95%	7.54%	7.23%

Frequently Asked Questions

Can I hold both JAGRX and QQQX in my portfolio?

JAGRX and QQQX have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JAGRX or QQQX?

QQQX has higher volatility (4.31%) compared to JAGRX (4.13%). In terms of maximum drawdown, JAGRX dropped -63.35% vs QQQX's -57.25%.

Which has better risk-adjusted returns?

QQQX currently has the higher Sharpe Ratio (2.24 vs 1.50), 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.