JAGTX vs. SLMCX

Last updated Jun 25, 2026

JAGTX (Janus Global Technology and Innovation Fund) and SLMCX (Columbia Seligman Technology and Information Fund) are both Technology Equities funds. Over the past 10 years, JAGTX returned 25.72%/yr vs 28.24%/yr for SLMCX. Their correlation of 0.91 suggests significant overlap in exposure. JAGTX charges 0.91%/yr vs 1.17%/yr for SLMCX.

Performance

JAGTX vs. SLMCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Janus Global Technology and Innovation Fund (JAGTX) and Columbia Seligman Technology and Information Fund (SLMCX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JAGTX achieves a 29.53% return, which is significantly lower than SLMCX's 53.68% return. Over the past 10 years, JAGTX has underperformed SLMCX with an annualized return of 25.72%, while SLMCX has yielded a comparatively higher 28.24% annualized return.

JAGTX

• 1D: -4.73%
• 1M: 5.42%
• YTD: 29.53%
• 6M: 28.65%
• 1Y: 46.92%
• 3Y*: 39.71%
• 5Y*: 18.88%
• 10Y*: 25.72%

SLMCX

• 1D: -3.48%
• 1M: 4.60%
• YTD: 53.68%
• 6M: 50.82%
• 1Y: 107.41%
• 3Y*: 45.46%
• 5Y*: 24.95%
• 10Y*: 28.24%

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

JAGTX vs. SLMCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JAGTX Janus Global Technology and Innovation Fund	29.53%	24.86%	47.04%	55.16%	-37.69%	17.39%	51.00%	45.08%	0.78%	44.62%
SLMCX Columbia Seligman Technology and Information Fund	53.68%	37.32%	26.67%	44.27%	-31.14%	38.97%	44.45%	54.15%	-8.12%	34.08%

Correlation

The correlation between JAGTX and SLMCX is 0.82, 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	0.82
Correlation (3Y) Calculated over the trailing 3-year period	0.88
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (10Y) Calculated over the trailing 10-year period	0.90
Correlation (All Time) Calculated using the full available price history since Dec 31, 1998	0.91

The correlation between JAGTX and SLMCX has been stable across timeframes, ranging from 0.82 to 0.91 - a consistent structural relationship.

Return for Risk

JAGTX vs. SLMCX — Risk / Return Rank

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

JAGTX

JAGTX Risk / Return Rank: 59
JAGTX Sharpe Ratio Rank: 63
JAGTX Sortino Ratio Rank: 48
JAGTX Omega Ratio Rank: 54
JAGTX Calmar Ratio Rank: 73
JAGTX Martin Ratio Rank: 55

SLMCX

SLMCX Risk / Return Rank: 95
SLMCX Sharpe Ratio Rank: 99
SLMCX Sortino Ratio Rank: 93
SLMCX Omega Ratio Rank: 88
SLMCX Calmar Ratio Rank: 98
SLMCX Martin Ratio Rank: 98

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.

JAGTX vs. SLMCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Janus Global Technology and Innovation Fund (JAGTX) and Columbia Seligman Technology and Information Fund (SLMCX). 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.

	JAGTX	SLMCX	Difference
Sharpe ratio: Return per unit of total volatility	2.13	4.06	-1.93
Sortino ratio: Return per unit of downside risk	2.66	4.32	-1.67
Omega ratio: Gain probability vs. loss probability	1.37	1.58	-0.22
Calmar ratio: Return relative to maximum drawdown	3.15	9.22	-6.06
Martin ratio: Return relative to average drawdown	10.43	33.49	-23.07

JAGTX vs. SLMCX - Sharpe Ratio Comparison

The current JAGTX Sharpe Ratio is 2.13, which is lower than the SLMCX Sharpe Ratio of 4.06. The chart below compares the historical Sharpe Ratios of JAGTX and SLMCX, 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

JAGTX vs. SLMCX - Drawdown Comparison

The maximum JAGTX drawdown since its inception was -84.57%, which is greater than SLMCX's maximum drawdown of -68.10%. Use the drawdown chart below to compare losses from any high point for JAGTX and SLMCX.

Drawdown Indicators

	JAGTX	SLMCX	Difference
Max Drawdown Largest peak-to-trough decline	-84.57%	-68.10%	-16.47%
Max Drawdown (1Y) Largest decline over 1 year	-15.95%	-12.33%	-3.62%
Max Drawdown (3Y) Largest decline over 3 years	-23.94%	-29.13%	+5.19%
Max Drawdown (5Y) Largest decline over 5 years	-46.52%	-37.32%	-9.20%
Max Drawdown (10Y) Largest decline over 10 years	-46.52%	-37.32%	-9.20%
Current Drawdown Current decline from peak	-4.73%	-3.48%	-1.25%
Average Drawdown Average peak-to-trough decline	-39.75%	-12.98%	-26.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.82%	3.38%	+1.44%

Volatility

JAGTX vs. SLMCX - Volatility Comparison

Janus Global Technology and Innovation Fund (JAGTX) has a higher volatility of 12.86% compared to Columbia Seligman Technology and Information Fund (SLMCX) at 12.01%. This indicates that JAGTX's price experiences larger fluctuations and is considered to be riskier than SLMCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JAGTX	SLMCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.86%	12.01%	+0.85%
Volatility (6M) Calculated over the trailing 6-month period	20.16%	21.88%	-1.72%
Volatility (1Y) Calculated over the trailing 1-year period	23.64%	28.00%	-4.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.29%	26.62%	+0.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.01%	26.28%	-1.27%

JAGTX vs. SLMCX - Expense Ratio Comparison

JAGTX has a 0.91% expense ratio, which is lower than SLMCX's 1.17% expense ratio.

Dividends

JAGTX vs. SLMCX - Dividend Comparison

JAGTX's dividend yield for the trailing twelve months is around 10.57%, more than SLMCX's 6.15% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JAGTX Janus Global Technology and Innovation Fund	10.57%	13.69%	23.66%	0.78%	0.00%	16.05%	9.00%	8.62%	6.56%	7.50%	4.85%	8.12%
SLMCX Columbia Seligman Technology and Information Fund	6.15%	9.45%	14.27%	5.16%	9.42%	11.75%	10.40%	11.44%	12.33%	11.15%	8.19%	10.79%

Frequently Asked Questions

Can I hold both JAGTX and SLMCX in my portfolio?

JAGTX and SLMCX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JAGTX or SLMCX?

JAGTX has higher volatility (12.86%) compared to SLMCX (12.01%). In terms of maximum drawdown, JAGTX dropped -84.57% vs SLMCX's -68.10%.

Which has better risk-adjusted returns?

SLMCX currently has the higher Sharpe Ratio (4.06 vs 2.13), 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.