JAMVX vs. JATIX

Last updated Jun 24, 2026

JAMVX (Janus Henderson VIT Mid Cap Value Portfolio) and JATIX (Janus Henderson Global Technology and Innovation Fund Class I) are both mutual funds - JAMVX is a Mid Cap Value Equities fund managed by Janus Henderson, while JATIX is a Technology Equities fund managed by Janus Henderson. Over the past 10 years, JAMVX returned 9.52%/yr vs 25.18%/yr for JATIX. A 0.68 correlation means they provide meaningful diversification when combined. JAMVX charges 0.67%/yr vs 0.76%/yr for JATIX.

Performance

JAMVX vs. JATIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Janus Henderson VIT Mid Cap Value Portfolio (JAMVX) and Janus Henderson Global Technology and Innovation Fund Class I (JATIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JAMVX achieves a 12.61% return, which is significantly lower than JATIX's 36.06% return. Over the past 10 years, JAMVX has underperformed JATIX with an annualized return of 9.52%, while JATIX has yielded a comparatively higher 25.18% annualized return.

JAMVX

• 1D: 0.42%
• 1M: 1.07%
• YTD: 12.61%
• 6M: 11.42%
• 1Y: 19.43%
• 3Y*: 14.60%
• 5Y*: 8.71%
• 10Y*: 9.52%

JATIX

• 1D: 0.53%
• 1M: 10.68%
• YTD: 36.06%
• 6M: 35.52%
• 1Y: 57.75%
• 3Y*: 37.24%
• 5Y*: 17.85%
• 10Y*: 25.18%

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

JAMVX vs. JATIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JAMVX Janus Henderson VIT Mid Cap Value Portfolio	12.61%	6.55%	13.06%	11.41%	-5.51%	19.72%	-1.08%	30.39%	-13.59%	13.98%
JATIX Janus Henderson Global Technology and Innovation Fund Class I	36.06%	25.04%	32.38%	55.38%	-37.60%	17.57%	51.25%	45.27%	0.97%	44.79%

Correlation

The correlation between JAMVX and JATIX is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (3Y) Calculated over the trailing 3-year period	0.45
Correlation (5Y) Calculated over the trailing 5-year period	0.57
Correlation (10Y) Calculated over the trailing 10-year period	0.57
Correlation (All Time) Calculated using the full available price history since Jul 6, 2009	0.68

Over the past year, the correlation between JAMVX and JATIX has dropped to 0.32 - well below their long-term average of 0.68, suggesting their price drivers have been diverging.

Return for Risk

JAMVX vs. JATIX — Risk / Return Rank

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

JAMVX

JAMVX Risk / Return Rank: 38
JAMVX Sharpe Ratio Rank: 35
JAMVX Sortino Ratio Rank: 36
JAMVX Omega Ratio Rank: 31
JAMVX Calmar Ratio Rank: 45
JAMVX Martin Ratio Rank: 45

JATIX

JATIX Risk / Return Rank: 75
JATIX Sharpe Ratio Rank: 85
JATIX Sortino Ratio Rank: 68
JATIX Omega Ratio Rank: 72
JATIX Calmar Ratio Rank: 84
JATIX Martin Ratio Rank: 68

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.

JAMVX vs. JATIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Janus Henderson VIT Mid Cap Value Portfolio (JAMVX) and Janus Henderson Global Technology and Innovation Fund Class I (JATIX). 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.

	JAMVX	JATIX	Difference
Sharpe ratio: Return per unit of total volatility	1.56	2.55	-0.99
Sortino ratio: Return per unit of downside risk	2.31	3.13	-0.81
Omega ratio: Gain probability vs. loss probability	1.27	1.43	-0.16
Calmar ratio: Return relative to maximum drawdown	2.43	3.70	-1.28
Martin ratio: Return relative to average drawdown	9.00	12.28	-3.28

JAMVX vs. JATIX - Sharpe Ratio Comparison

The current JAMVX Sharpe Ratio is 1.56, which is lower than the JATIX Sharpe Ratio of 2.55. The chart below compares the historical Sharpe Ratios of JAMVX and JATIX, 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

JAMVX vs. JATIX - Drawdown Comparison

The maximum JAMVX drawdown since its inception was -46.19%, roughly equal to the maximum JATIX drawdown of -46.43%. Use the drawdown chart below to compare losses from any high point for JAMVX and JATIX.

Drawdown Indicators

	JAMVX	JATIX	Difference
Max Drawdown Largest peak-to-trough decline	-46.19%	-46.43%	+0.24%
Max Drawdown (1Y) Largest decline over 1 year	-8.61%	-15.94%	+7.33%
Max Drawdown (3Y) Largest decline over 3 years	-19.83%	-23.92%	+4.09%
Max Drawdown (5Y) Largest decline over 5 years	-19.83%	-46.43%	+26.60%
Max Drawdown (10Y) Largest decline over 10 years	-39.82%	-46.43%	+6.61%
Current Drawdown Current decline from peak	-0.59%	0.00%	-0.59%
Average Drawdown Average peak-to-trough decline	-6.57%	-6.72%	+0.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.32%	4.80%	-2.48%

Volatility

JAMVX vs. JATIX - Volatility Comparison

The current volatility for Janus Henderson VIT Mid Cap Value Portfolio (JAMVX) is 3.61%, while Janus Henderson Global Technology and Innovation Fund Class I (JATIX) has a volatility of 11.74%. This indicates that JAMVX experiences smaller price fluctuations and is considered to be less risky than JATIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JAMVX	JATIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.61%	11.74%	-8.13%
Volatility (6M) Calculated over the trailing 6-month period	9.76%	19.59%	-9.83%
Volatility (1Y) Calculated over the trailing 1-year period	13.39%	23.17%	-9.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.44%	26.81%	-10.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.97%	24.79%	-6.82%

JAMVX vs. JATIX - Expense Ratio Comparison

JAMVX has a 0.67% expense ratio, which is lower than JATIX's 0.76% expense ratio.

Dividends

JAMVX vs. JATIX - Dividend Comparison

JAMVX's dividend yield for the trailing twelve months is around 4.22%, less than JATIX's 9.69% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JAMVX Janus Henderson VIT Mid Cap Value Portfolio	4.22%	10.85%	6.16%	3.67%	9.77%	0.43%	2.85%	8.72%	12.17%	4.32%	14.88%	12.31%
JATIX Janus Henderson Global Technology and Innovation Fund Class I	9.69%	13.19%	11.48%	0.76%	0.00%	15.67%	8.94%	8.47%	6.65%	7.41%	4.80%	7.71%

Frequently Asked Questions

Can I hold both JAMVX and JATIX in my portfolio?

JAMVX and JATIX have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JAMVX or JATIX?

JATIX has higher volatility (11.74%) compared to JAMVX (3.61%). In terms of maximum drawdown, JAMVX dropped -46.19% vs JATIX's -46.43%.

Which has better risk-adjusted returns?

JATIX currently has the higher Sharpe Ratio (2.55 vs 1.56), 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.