JAMRX vs. VUG

Last updated Apr 1, 2026

Compare and contrast key facts about Janus Henderson Research Fund Class I (JAMRX) and Vanguard Growth ETF (VUG).

JAMRX is an actively managed fund by Janus Henderson. It was launched on May 3, 1993. VUG is a passively managed fund by Vanguard that tracks the performance of the CRSP US Large Cap Growth Index. It was launched on Nov 13, 2000.

Performance

JAMRX vs. VUG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Janus Henderson Research Fund Class I (JAMRX) and Vanguard Growth ETF (VUG). The values are adjusted to include any dividend payments, if applicable.

JAMRX vs. VUG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JAMRX Janus Henderson Research Fund Class I	-14.01%	18.32%	41.65%	43.02%	-30.03%	20.08%	32.67%	35.28%	-2.84%	25.89%
VUG Vanguard Growth ETF	-10.37%	19.40%	32.69%	46.83%	-33.16%	27.35%	40.25%	37.03%	-3.32%	27.72%

Returns By Period

In the year-to-date period, JAMRX achieves a -14.01% return, which is significantly lower than VUG's -10.37% return. Over the past 10 years, JAMRX has underperformed VUG with an annualized return of 14.62%, while VUG has yielded a comparatively higher 16.03% annualized return.

JAMRX

• 1D: -0.62%
• 1M: -9.38%
• YTD: -14.01%
• 6M: -13.22%
• 1Y: 12.47%
• 3Y*: 21.81%
• 5Y*: 11.48%
• 10Y*: 14.62%

VUG

• 1D: 4.00%
• 1M: -5.12%
• YTD: -10.37%
• 6M: -8.73%
• 1Y: 18.30%
• 3Y*: 21.15%
• 5Y*: 11.43%
• 10Y*: 16.03%

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

JAMRX vs. VUG - Expense Ratio Comparison

JAMRX has a 0.64% expense ratio, which is higher than VUG's 0.03% expense ratio.

JAMRX

Janus Henderson Research Fund Class I

VUG

Vanguard Growth ETF

Return for Risk

JAMRX vs. VUG — Risk / Return Rank

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

JAMRX

JAMRX Risk / Return Rank: 21
JAMRX Sharpe Ratio Rank: 21
JAMRX Sortino Ratio Rank: 24
JAMRX Omega Ratio Rank: 22
JAMRX Calmar Ratio Rank: 18
JAMRX Martin Ratio Rank: 19

VUG

VUG Risk / Return Rank: 50
VUG Sharpe Ratio Rank: 49
VUG Sortino Ratio Rank: 54
VUG Omega Ratio Rank: 53
VUG Calmar Ratio Rank: 49
VUG Martin Ratio Rank: 45

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.

JAMRX vs. VUG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Research Fund Class I (JAMRX) and Vanguard Growth ETF (VUG). 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.

	JAMRX	VUG	Difference
Sharpe ratio Return per unit of total volatility	0.56	0.81	-0.25
Sortino ratio Return per unit of downside risk	0.97	1.31	-0.34
Omega ratio Gain probability vs. loss probability	1.13	1.18	-0.05
Calmar ratio Return relative to maximum drawdown	0.55	1.11	-0.57
Martin ratio Return relative to average drawdown	1.99	3.96	-1.96
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JAMRX vs. VUG - Sharpe Ratio Comparison

The current JAMRX Sharpe Ratio is 0.56, which is lower than the VUG Sharpe Ratio of 0.81. The chart below compares the historical Sharpe Ratios of JAMRX and VUG, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	JAMRX	VUG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.56	0.81	-0.25
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.52	0.52	+0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.69	0.75	-0.06
Sharpe Ratio (All Time) Calculated using the full available price history	0.56	0.57	-0.01

Correlation

The correlation between JAMRX and VUG is 0.97, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

JAMRX vs. VUG - Dividend Comparison

JAMRX's dividend yield for the trailing twelve months is around 13.93%, more than VUG's 0.46% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JAMRX Janus Henderson Research Fund Class I	13.93%	11.98%	10.22%	2.88%	0.28%	13.02%	2.91%	10.27%	10.92%	8.17%	5.60%	9.61%
VUG Vanguard Growth ETF	0.46%	0.41%	0.47%	0.58%	0.70%	0.48%	0.66%	0.95%	1.32%	1.14%	1.39%	1.30%

Drawdowns

JAMRX vs. VUG - Drawdown Comparison

The maximum JAMRX drawdown since its inception was -71.20%, which is greater than VUG's maximum drawdown of -50.68%. Use the drawdown chart below to compare losses from any high point for JAMRX and VUG.

Drawdown Indicators

	JAMRX	VUG	Difference
Max Drawdown Largest peak-to-trough decline	-71.20%	-50.68%	-20.52%
Max Drawdown (1Y) Largest decline over 1 year	-17.09%	-16.53%	-0.56%
Max Drawdown (5Y) Largest decline over 5 years	-36.53%	-35.61%	-0.92%
Max Drawdown (10Y) Largest decline over 10 years	-36.53%	-35.61%	-0.92%
Current Drawdown Current decline from peak	-17.09%	-13.20%	-3.89%
Average Drawdown Average peak-to-trough decline	-21.74%	-7.13%	-14.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.71%	4.66%	+0.05%

Volatility

JAMRX vs. VUG - Volatility Comparison

The current volatility for Janus Henderson Research Fund Class I (JAMRX) is 5.65%, while Vanguard Growth ETF (VUG) has a volatility of 7.00%. This indicates that JAMRX experiences smaller price fluctuations and is considered to be less risky than VUG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JAMRX	VUG	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.65%	7.00%	-1.35%
Volatility (6M) Calculated over the trailing 6-month period	12.05%	12.65%	-0.60%
Volatility (1Y) Calculated over the trailing 1-year period	22.24%	22.68%	-0.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.06%	22.23%	-0.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.28%	21.38%	-0.10%