JAIGX vs. GIOTX

Last updated Jul 14, 2026

JAIGX (Janus Henderson VIT Overseas Portfolio) and GIOTX (GMO International Developed Equity Allocation Fund) are both Foreign Large Cap Equities funds. Over the past 10 years, JAIGX returned 11.86%/yr vs 12.05%/yr for GIOTX. Their correlation of 0.85 suggests significant overlap in exposure. JAIGX charges 0.87%/yr vs 0.00%/yr for GIOTX.

Performance

JAIGX vs. GIOTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Janus Henderson VIT Overseas Portfolio (JAIGX) and GMO International Developed Equity Allocation Fund (GIOTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JAIGX achieves a 13.36% return, which is significantly lower than GIOTX's 18.20% return. Both investments have delivered pretty close results over the past 10 years, with JAIGX having a 11.86% annualized return and GIOTX not far ahead at 12.05%.

JAIGX

• 1D: -0.69%
• 1M: -0.46%
• 6M: 8.78%
• YTD: 13.36%
• 1Y: 26.91%
• 3Y*: 16.82%
• 5Y*: 9.66%
• 10Y*: 11.86%

GIOTX

• 1D: 0.72%
• 1M: -0.14%
• 6M: 14.30%
• YTD: 18.20%
• 1Y: 38.74%
• 3Y*: 26.68%
• 5Y*: 14.46%
• 10Y*: 12.05%

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

JAIGX vs. GIOTX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JAIGX Janus Henderson VIT Overseas Portfolio	13.36%	28.88%	5.83%	10.88%	-8.58%	13.58%	16.25%	27.03%	-14.93%	31.13%
GIOTX GMO International Developed Equity Allocation Fund	18.20%	43.70%	10.66%	21.03%	-12.41%	11.14%	7.43%	24.45%	-19.66%	26.38%

Correlation

The correlation between JAIGX and GIOTX 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	0.83
Correlation (5Y) Calculated over the trailing 5-year period	0.86
Correlation (10Y) Calculated over the trailing 10-year period	0.87
Correlation (All Time) Calculated using the full available price history since Jan 3, 2007	0.85

The correlation between JAIGX and GIOTX has been stable across timeframes, ranging from 0.82 to 0.87 - a consistent structural relationship.

Return for Risk

JAIGX vs. GIOTX — Risk / Return Rank

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

JAIGX

JAIGX Risk / Return Rank: 60
JAIGX Sharpe Ratio Rank: 58
JAIGX Sortino Ratio Rank: 56
JAIGX Omega Ratio Rank: 63
JAIGX Calmar Ratio Rank: 60
JAIGX Martin Ratio Rank: 62

GIOTX

GIOTX Risk / Return Rank: 87
GIOTX Sharpe Ratio Rank: 88
GIOTX Sortino Ratio Rank: 84
GIOTX Omega Ratio Rank: 83
GIOTX Calmar Ratio Rank: 89
GIOTX Martin Ratio Rank: 90

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.

JAIGX vs. GIOTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Janus Henderson VIT Overseas Portfolio (JAIGX) and GMO International Developed Equity Allocation Fund (GIOTX). 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.

	JAIGX	GIOTX	Difference
Sharpe ratio: Return per unit of total volatility	1.70	2.35	-0.65
Sortino ratio: Return per unit of downside risk	2.38	3.23	-0.86
Omega ratio: Gain probability vs. loss probability	1.33	1.43	-0.10
Calmar ratio: Return relative to maximum drawdown	2.38	3.54	-1.16
Martin ratio: Return relative to average drawdown	9.43	13.70	-4.27

JAIGX vs. GIOTX - Sharpe Ratio Comparison

The current JAIGX Sharpe Ratio is 1.70, which is comparable to the GIOTX Sharpe Ratio of 2.35. The chart below compares the historical Sharpe Ratios of JAIGX and GIOTX, 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

JAIGX vs. GIOTX - Drawdown Comparison

The maximum JAIGX drawdown since its inception was -68.68%, which is greater than GIOTX's maximum drawdown of -56.51%. Use the drawdown chart below to compare losses from any high point for JAIGX and GIOTX.

Drawdown Indicators

	JAIGX	GIOTX	Difference
Max Drawdown Largest peak-to-trough decline	-68.68%	-56.51%	-12.17%
Max Drawdown (1Y) Largest decline over 1 year	-10.97%	-10.66%	-0.31%
Max Drawdown (3Y) Largest decline over 3 years	-15.91%	-13.40%	-2.51%
Max Drawdown (5Y) Largest decline over 5 years	-26.14%	-28.34%	+2.20%
Max Drawdown (10Y) Largest decline over 10 years	-36.69%	-39.29%	+2.60%
Current Drawdown Current decline from peak	-2.70%	-1.16%	-1.54%
Average Drawdown Average peak-to-trough decline	-19.90%	-14.17%	-5.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.76%	2.76%	0.00%

Volatility

JAIGX vs. GIOTX - Volatility Comparison

Janus Henderson VIT Overseas Portfolio (JAIGX) has a higher volatility of 6.69% compared to GMO International Developed Equity Allocation Fund (GIOTX) at 5.59%. This indicates that JAIGX's price experiences larger fluctuations and is considered to be riskier than GIOTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JAIGX	GIOTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.69%	5.59%	+1.10%
Volatility (6M) Calculated over the trailing 6-month period	13.73%	13.20%	+0.53%
Volatility (1Y) Calculated over the trailing 1-year period	15.35%	16.05%	-0.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.47%	15.51%	+0.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.17%	16.13%	+1.04%

JAIGX vs. GIOTX - Expense Ratio Comparison

JAIGX has a 0.87% expense ratio, which is higher than GIOTX's 0.00% expense ratio.

Dividends

JAIGX vs. GIOTX - Dividend Comparison

JAIGX's dividend yield for the trailing twelve months is around 0.91%, less than GIOTX's 8.62% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GIOTX GMO International Developed Equity Allocation Fund	8.62%	8.04%	5.07%	6.54%	4.45%	6.67%	4.48%	3.74%	3.90%	3.15%	4.04%	3.39%
JAIGX Janus Henderson VIT Overseas Portfolio	0.91%	1.30%	1.42%	1.48%	1.77%	1.13%	1.12%	1.73%	2.07%	1.53%	8.21%	3.93%

Frequently Asked Questions

Can I hold both JAIGX and GIOTX in my portfolio?

JAIGX and GIOTX 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, JAIGX or GIOTX?

JAIGX has higher volatility (6.69%) compared to GIOTX (5.59%). In terms of maximum drawdown, JAIGX dropped -68.68% vs GIOTX's -56.51%.

Which has better risk-adjusted returns?

GIOTX currently has the higher Sharpe Ratio (2.35 vs 1.70), 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.