JAMRX vs. VUG
JAMRX (Janus Henderson Research Fund Class I) and VUG (Vanguard Growth ETF) are both Large Cap Growth Equities funds. JAMRX is actively managed, while VUG is passively managed. Over the past 10 years, JAMRX returned 16.11%/yr vs 17.52%/yr for VUG. Their 0.97 correlation means they have historically moved very closely together. JAMRX charges 0.64%/yr vs 0.03%/yr for VUG.
Performance
JAMRX vs. VUG - Performance Comparison
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Returns By Period
In the year-to-date period, JAMRX achieves a 2.38% return, which is significantly lower than VUG's 7.33% return. Over the past 10 years, JAMRX has underperformed VUG with an annualized return of 16.11%, while VUG has yielded a comparatively higher 17.52% annualized return.
JAMRX
- 1D
- 1.26%
- 1M
- -2.02%
- 6M
- 3.68%
- YTD
- 2.38%
- 1Y
- 9.27%
- 3Y*
- 22.62%
- 5Y*
- 12.55%
- 10Y*
- 16.11%
- ALL TIME*
- 12.41%
VUG
- 1D
- 2.21%
- 1M
- 1.85%
- 6M
- 8.45%
- YTD
- 7.33%
- 1Y
- 17.91%
- 3Y*
- 23.28%
- 5Y*
- 12.56%
- 10Y*
- 17.52%
- ALL TIME*
- 12.19%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $562.97M | $645.16M | $657.53M |
JAMRX vs. VUG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JAMRX Janus Henderson Research Fund Class I | 2.38% | 18.32% | 41.65% | 43.02% | -30.03% | 20.08% | 32.67% | 35.28% | -2.84% | 25.89% |
VUG Vanguard Growth ETF | 7.33% | 19.40% | 32.69% | 46.83% | -33.16% | 27.35% | 40.25% | 37.03% | -3.32% | 27.72% |
Correlation
The correlation between JAMRX and VUG is 0.97 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.97 |
Correlation (3Y) Balances recent behavior with more history. | 0.97 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.98 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.98 |
Correlation (All Time) Calculated using the full available price history since Jan 30, 2004 | 0.97 |
The correlation between JAMRX and VUG has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.
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Return for Risk
JAMRX vs. VUG — Risk / Return Rank
JAMRX
VUG
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.
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.
| JAMRX | VUG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.63 | ||
| Sortino ratioReturn per unit of downside risk | -0.82 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.18 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.42 | 1.09 | -0.67 |
| Martin ratioReturn relative to average drawdown | 1.32 | 3.45 | -2.13 |
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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.
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Drawdown Indicators
| JAMRX | VUG | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 (3Y)Largest decline over 3 years | -22.66% | -22.85% | +0.19% |
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 DrawdownCurrent decline from peak | -6.46% | -3.45% | -3.01% |
Average DrawdownAverage peak-to-trough decline | -21.56% | -7.08% | -14.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.37% | 5.20% | +0.17% |
Volatility
JAMRX vs. VUG - Volatility Comparison
Janus Henderson Research Fund Class I (JAMRX) has a higher volatility of 6.94% compared to Vanguard Growth ETF (VUG) at 5.95%. This indicates that JAMRX's price experiences larger fluctuations and is considered to be riskier than VUG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JAMRX | VUG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.94% | 5.95% | +0.99% |
Volatility (6M)Calculated over the trailing 6-month period | 15.34% | 14.38% | +0.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.53% | 17.76% | +0.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.53% | 22.52% | +0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.54% | 21.57% | -0.03% |
JAMRX vs. VUG - Expense Ratio Comparison
JAMRX has a 0.64% expense ratio, which is higher than VUG's 0.03% expense ratio.
Dividends
JAMRX vs. VUG - Dividend Comparison
JAMRX's dividend yield for the trailing twelve months is around 11.70%, more than VUG's 0.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JAMRX Janus Henderson Research Fund Class I | 11.70% | 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 | 0.39% | 0.41% | 0.47% | 0.58% | 0.70% | 0.48% | 0.66% | 0.95% | 1.32% | 1.14% | 1.39% | 1.30% |
Frequently Asked Questions
With a correlation of 0.97, JAMRX and VUG 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.
JAMRX has higher volatility (6.94%) compared to VUG (5.95%). In terms of maximum drawdown, JAMRX dropped -71.20% vs VUG's -50.68%.
VUG currently has the higher Sharpe Ratio (1.01 vs 0.38), 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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