JAMVX vs. JNGTX

Last updated Jun 4, 2026

JAMVX (Janus Henderson VIT Mid Cap Value Portfolio) and JNGTX (Janus Henderson Global Technology and Innovation Fund Class D) are both mutual funds - JAMVX is a Mid Cap Value Equities fund managed by Janus Henderson, while JNGTX is a Technology Equities fund managed by Janus Henderson. Over the past 10 years, JAMVX returned 9.09%/yr vs 24.61%/yr for JNGTX. A 0.73 correlation means they provide meaningful diversification when combined. JAMVX charges 0.67%/yr vs 0.79%/yr for JNGTX.

Performance

JAMVX vs. JNGTX - 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 D (JNGTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JAMVX achieves a 11.09% return, which is significantly lower than JNGTX's 35.21% return. Over the past 10 years, JAMVX has underperformed JNGTX with an annualized return of 9.09%, while JNGTX has yielded a comparatively higher 24.61% annualized return.

JAMVX

• 1D: 1.13%
• 1M: 0.71%
• YTD: 11.09%
• 6M: 11.39%
• 1Y: 20.11%
• 3Y*: 14.45%
• 5Y*: 7.67%
• 10Y*: 9.09%

JNGTX

• 1D: 0.97%
• 1M: 18.05%
• YTD: 35.21%
• 6M: 35.37%
• 1Y: 60.36%
• 3Y*: 37.07%
• 5Y*: 19.30%
• 10Y*: 24.61%

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

JAMVX vs. JNGTX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JAMVX Janus Henderson VIT Mid Cap Value Portfolio	11.09%	6.55%	13.06%	11.41%	-5.51%	19.72%	-1.08%	30.39%	-13.59%	13.98%
JNGTX Janus Henderson Global Technology and Innovation Fund Class D	35.21%	25.00%	32.34%	55.33%	-37.63%	17.53%	51.18%	45.15%	0.92%	44.69%

Correlation

The correlation between JAMVX and JNGTX is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.31
Correlation (3Y) Calculated over the trailing 3-year period	0.44
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 May 1, 2000	0.73

Over the past year, the correlation between JAMVX and JNGTX has dropped to 0.31 - well below their long-term average of 0.73, suggesting their price drivers have been diverging.

Return for Risk

JAMVX vs. JNGTX — Risk / Return Rank

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

JAMVX

JAMVX Risk / Return Rank: 35
JAMVX Sharpe Ratio Rank: 31
JAMVX Sortino Ratio Rank: 32
JAMVX Omega Ratio Rank: 28
JAMVX Calmar Ratio Rank: 42
JAMVX Martin Ratio Rank: 43

JNGTX

JNGTX Risk / Return Rank: 79
JNGTX Sharpe Ratio Rank: 90
JNGTX Sortino Ratio Rank: 77
JNGTX Omega Ratio Rank: 75
JNGTX Calmar Ratio Rank: 83
JNGTX Martin Ratio Rank: 69

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. JNGTX - 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 D (JNGTX). 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.

	JAMVX	JNGTX	Difference
Sharpe ratio Return per unit of total volatility	1.61	3.00	-1.39
Sortino ratio Return per unit of downside risk	2.38	3.68	-1.30
Omega ratio Gain probability vs. loss probability	1.28	1.49	-0.21
Calmar ratio Return relative to maximum drawdown	2.47	3.89	-1.42
Martin ratio Return relative to average drawdown	9.20	13.33	-4.13
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JAMVX vs. JNGTX - Sharpe Ratio Comparison

The current JAMVX Sharpe Ratio is 1.61, which is lower than the JNGTX Sharpe Ratio of 3.00. The chart below compares the historical Sharpe Ratios of JAMVX and JNGTX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	JAMVX	JNGTX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.61	3.00	-1.39
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.47	0.73	-0.27
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.51	1.00	-0.50
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	0.49	-0.01

Drawdowns

JAMVX vs. JNGTX - Drawdown Comparison

The maximum JAMVX drawdown since its inception was -46.19%, smaller than the maximum JNGTX drawdown of -84.79%. Use the drawdown chart below to compare losses from any high point for JAMVX and JNGTX.

Drawdown Indicators

	JAMVX	JNGTX	Difference
Max Drawdown Largest peak-to-trough decline	-46.19%	-84.79%	+38.60%
Max Drawdown (1Y) Largest decline over 1 year	-8.61%	-15.93%	+7.32%
Max Drawdown (3Y) Largest decline over 3 years	-19.83%	-23.91%	+4.08%
Max Drawdown (5Y) Largest decline over 5 years	-19.83%	-46.46%	+26.63%
Max Drawdown (10Y) Largest decline over 10 years	-39.82%	-46.46%	+6.64%
Current Drawdown Current decline from peak	-1.25%	0.00%	-1.25%
Average Drawdown Average peak-to-trough decline	-6.58%	-40.23%	+33.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.30%	4.64%	-2.34%

Volatility

JAMVX vs. JNGTX - Volatility Comparison

The current volatility for Janus Henderson VIT Mid Cap Value Portfolio (JAMVX) is 3.67%, while Janus Henderson Global Technology and Innovation Fund Class D (JNGTX) has a volatility of 6.74%. This indicates that JAMVX experiences smaller price fluctuations and is considered to be less risky than JNGTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JAMVX	JNGTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.67%	6.74%	-3.07%
Volatility (6M) Calculated over the trailing 6-month period	9.61%	17.02%	-7.41%
Volatility (1Y) Calculated over the trailing 1-year period	13.20%	20.67%	-7.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.45%	26.45%	-10.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.95%	24.59%	-6.64%

JAMVX vs. JNGTX - Expense Ratio Comparison

JAMVX has a 0.67% expense ratio, which is lower than JNGTX's 0.79% expense ratio.

Dividends

JAMVX vs. JNGTX - Dividend Comparison

JAMVX's dividend yield for the trailing twelve months is around 9.77%, less than JNGTX's 9.92% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JAMVX Janus Henderson VIT Mid Cap Value Portfolio	9.77%	10.85%	6.16%	3.67%	9.77%	0.43%	2.85%	8.72%	12.17%	4.32%	14.88%	12.31%
JNGTX Janus Henderson Global Technology and Innovation Fund Class D	9.92%	13.42%	11.65%	0.77%	0.00%	15.86%	8.99%	8.55%	6.61%	7.47%	4.83%	7.75%

Frequently Asked Questions

Can I hold both JAMVX and JNGTX in my portfolio?

JAMVX and JNGTX have a correlation of 0.31, 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 JNGTX?

JNGTX has higher volatility (6.74%) compared to JAMVX (3.67%). In terms of maximum drawdown, JAMVX dropped -46.19% vs JNGTX's -84.79%.

Which has better risk-adjusted returns?

JNGTX currently has the higher Sharpe Ratio (3.00 vs 1.61), 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.