JAGTX vs. JNGTX
JAGTX (Janus Global Technology and Innovation Fund) and JNGTX (Janus Henderson Global Technology and Innovation Fund Class D) are both Technology Equities funds from Janus Henderson. Over the past 10 years, JAGTX returned 25.69%/yr vs 24.49%/yr for JNGTX. With a 1.00 correlation, they move nearly in lockstep. JAGTX charges 0.91%/yr vs 0.79%/yr for JNGTX.
Performance
JAGTX vs. JNGTX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with JAGTX having a 33.82% return and JNGTX slightly higher at 33.88%. Both investments have delivered pretty close results over the past 10 years, with JAGTX having a 25.69% annualized return and JNGTX not far behind at 24.49%.
JAGTX
- 1D
- -0.99%
- 1M
- 15.96%
- YTD
- 33.82%
- 6M
- 33.68%
- 1Y
- 57.13%
- 3Y*
- 41.39%
- 5Y*
- 21.13%
- 10Y*
- 25.69%
JNGTX
- 1D
- -0.99%
- 1M
- 15.98%
- YTD
- 33.88%
- 6M
- 33.76%
- 1Y
- 57.31%
- 3Y*
- 36.62%
- 5Y*
- 18.70%
- 10Y*
- 24.49%
JAGTX vs. JNGTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JAGTX Janus Global Technology and Innovation Fund | 33.82% | 24.86% | 47.04% | 55.16% | -37.69% | 17.39% | 51.00% | 45.08% | 0.78% | 44.62% |
JNGTX Janus Henderson Global Technology and Innovation Fund Class D | 33.88% | 25.00% | 32.34% | 55.33% | -37.63% | 17.53% | 51.18% | 45.15% | 0.92% | 44.69% |
Correlation
The correlation between JAGTX and JNGTX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 1.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 1.00 |
Correlation (10Y) Calculated over the trailing 10-year period | 1.00 |
Correlation (All Time) Calculated using the full available price history since Jan 5, 1999 | 1.00 |
The correlation between JAGTX and JNGTX has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.
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Return for Risk
JAGTX vs. JNGTX — Risk / Return Rank
JAGTX
JNGTX
JAGTX vs. JNGTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Janus Global Technology and Innovation Fund (JAGTX) and Janus Henderson Global Technology and Innovation Fund Class D (JNGTX). 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.
| JAGTX | JNGTX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.47 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.69 | 3.71 | -0.02 |
| Martin ratioReturn relative to average drawdown | 12.64 | 12.70 | -0.06 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| JAGTX | JNGTX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.85 | 2.85 | -0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.79 | 0.71 | +0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.04 | 1.00 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.49 | +0.02 |
Drawdowns
JAGTX vs. JNGTX - Drawdown Comparison
The maximum JAGTX drawdown since its inception was -84.57%, roughly equal to the maximum JNGTX drawdown of -84.79%. Use the drawdown chart below to compare losses from any high point for JAGTX and JNGTX.
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Drawdown Indicators
| JAGTX | JNGTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.57% | -84.79% | +0.22% |
Max Drawdown (1Y)Largest decline over 1 year | -15.95% | -15.93% | -0.02% |
Max Drawdown (3Y)Largest decline over 3 years | -23.94% | -23.91% | -0.03% |
Max Drawdown (5Y)Largest decline over 5 years | -46.52% | -46.46% | -0.06% |
Max Drawdown (10Y)Largest decline over 10 years | -46.52% | -46.46% | -0.06% |
Current DrawdownCurrent decline from peak | -0.99% | -0.99% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -39.82% | -40.22% | +0.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.65% | 4.64% | +0.01% |
Volatility
JAGTX vs. JNGTX - Volatility Comparison
Janus Global Technology and Innovation Fund (JAGTX) and Janus Henderson Global Technology and Innovation Fund Class D (JNGTX) have volatilities of 6.92% and 6.92%, 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.
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Volatility by Period
| JAGTX | JNGTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.92% | 6.92% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 17.04% | 17.05% | -0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.70% | 20.70% | 0.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.82% | 26.44% | +0.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.78% | 24.58% | +0.20% |
JAGTX vs. JNGTX - Expense Ratio Comparison
JAGTX has a 0.91% expense ratio, which is higher than JNGTX's 0.79% expense ratio.
Dividends
JAGTX vs. JNGTX - Dividend Comparison
JAGTX's dividend yield for the trailing twelve months is around 10.23%, more than JNGTX's 10.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JAGTX Janus Global Technology and Innovation Fund | 10.23% | 13.69% | 23.66% | 0.78% | 0.00% | 16.05% | 9.00% | 8.62% | 6.56% | 7.50% | 4.85% | 8.12% |
JNGTX Janus Henderson Global Technology and Innovation Fund Class D | 10.02% | 13.42% | 11.65% | 0.77% | 0.00% | 15.86% | 8.99% | 8.55% | 6.61% | 7.47% | 4.83% | 7.75% |
Frequently Asked Questions
With a correlation of 1.00, JAGTX and JNGTX 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.
JNGTX has higher volatility (6.92%) compared to JAGTX (6.92%). In terms of maximum drawdown, JAGTX dropped -84.57% vs JNGTX's -84.79%.
JNGTX currently has the higher Sharpe Ratio (2.85 vs 2.85), 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.
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