JAMVX vs. NAMAX

Last updated Aug 1, 2026

JAMVX (Janus Henderson VIT Mid Cap Value Portfolio) and NAMAX (Columbia Select Mid Cap Value Fund) are both Mid Cap Value Equities funds. Over the past 10 years, JAMVX returned 9.00%/yr vs 11.45%/yr for NAMAX. Their 0.96 correlation means they have historically moved very closely together. JAMVX charges 0.67%/yr vs 0.88%/yr for NAMAX.

Performance

JAMVX vs. NAMAX - Performance Comparison

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

Returns By Period

In the year-to-date period, JAMVX achieves a 13.37% return, which is significantly lower than NAMAX's 25.51% return. Over the past 10 years, JAMVX has underperformed NAMAX with an annualized return of 9.00%, while NAMAX has yielded a comparatively higher 11.45% annualized return.

JAMVX

• 1D: -0.10%
• 1M: -0.36%
• 6M: 7.97%
• YTD: 13.37%
• 1Y: 19.31%
• 3Y*: 12.37%
• 5Y*: 8.64%
• 10Y*: 9.00%
• ALL TIME*: 9.11%

NAMAX

• 1D: 0.00%
• 1M: 1.47%
• 6M: 19.86%
• YTD: 25.51%
• 1Y: 37.74%
• 3Y*: 18.16%
• 5Y*: 12.37%
• 10Y*: 11.45%
• ALL TIME*: 10.10%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
JAMVX Janus Henderson VIT Mid Cap Value Portfolio	$0.00	$0.00	$0.00
NAMAX Columbia Select Mid Cap Value Fund	$0.00	$0.00	$0.00

JAMVX vs. NAMAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JAMVX Janus Henderson VIT Mid Cap Value Portfolio	13.37%	6.55%	13.06%	11.41%	-5.51%	19.72%	-1.08%	30.39%	-13.59%	13.98%
NAMAX Columbia Select Mid Cap Value Fund	25.51%	13.77%	13.14%	9.65%	-9.33%	32.28%	6.90%	31.56%	-18.46%	13.71%

Correlation

The correlation between JAMVX and NAMAX is 0.92, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.92
Correlation (3Y) Balances recent behavior with more history.	0.94
Correlation (5Y) Shows whether the relationship held over a longer period.	0.95
Correlation (10Y) Provides a long-term view across more market conditions.	0.95
Correlation (All Time) Calculated using the full available price history since Nov 20, 2001	0.96

The correlation between JAMVX and NAMAX has been stable across timeframes, ranging from 0.92 to 0.96 - a consistent structural relationship.

Return for Risk

JAMVX vs. NAMAX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

JAMVX

JAMVX Risk / Return Rank: 45
JAMVX Sharpe Ratio Rank: 41
JAMVX Sortino Ratio Rank: 45
JAMVX Omega Ratio Rank: 37
JAMVX Calmar Ratio Rank: 49
JAMVX Martin Ratio Rank: 51

NAMAX

NAMAX Risk / Return Rank: 92
NAMAX Sharpe Ratio Rank: 94
NAMAX Sortino Ratio Rank: 91
NAMAX Omega Ratio Rank: 86
NAMAX Calmar Ratio Rank: 95
NAMAX Martin Ratio Rank: 96

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

JAMVX vs. NAMAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Janus Henderson VIT Mid Cap Value Portfolio (JAMVX) and Columbia Select Mid Cap Value Fund (NAMAX). 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	NAMAX	Difference
Sharpe ratio: Return per unit of total volatility	1.27	2.49	-1.21
Sortino ratio: Return per unit of downside risk	1.93	3.51	-1.58
Omega ratio: Gain probability vs. loss probability	1.22	1.43	-0.21
Calmar ratio: Return relative to maximum drawdown	1.93	4.14	-2.21
Martin ratio: Return relative to average drawdown	7.28	16.48	-9.20

JAMVX vs. NAMAX - Sharpe Ratio Comparison

The current JAMVX Sharpe Ratio is 1.27, which is lower than the NAMAX Sharpe Ratio of 2.49. The chart below compares the historical Sharpe Ratios of JAMVX and NAMAX, 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. NAMAX - Drawdown Comparison

The maximum JAMVX drawdown since its inception was -46.19%, smaller than the maximum NAMAX drawdown of -60.44%. Use the drawdown chart below to compare losses from any high point for JAMVX and NAMAX.

Drawdown Indicators

	JAMVX	NAMAX	Difference
Max Drawdown Largest peak-to-trough decline	-46.19%	-60.44%	+14.25%
Max Drawdown (1Y) Largest decline over 1 year	-8.61%	-8.49%	-0.12%
Max Drawdown (3Y) Largest decline over 3 years	-19.83%	-20.90%	+1.07%
Max Drawdown (5Y) Largest decline over 5 years	-19.83%	-20.90%	+1.07%
Max Drawdown (10Y) Largest decline over 10 years	-39.82%	-43.24%	+3.42%
Current Drawdown Current decline from peak	-1.57%	-1.21%	-0.36%
Average Drawdown Average peak-to-trough decline	-6.55%	-8.45%	+1.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.29%	2.14%	+0.15%

Volatility

JAMVX vs. NAMAX - Volatility Comparison

The current volatility for Janus Henderson VIT Mid Cap Value Portfolio (JAMVX) is 2.71%, while Columbia Select Mid Cap Value Fund (NAMAX) has a volatility of 2.90%. This indicates that JAMVX experiences smaller price fluctuations and is considered to be less risky than NAMAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JAMVX	NAMAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.71%	2.90%	-0.19%
Volatility (6M) Calculated over the trailing 6-month period	9.54%	10.79%	-1.25%
Volatility (1Y) Calculated over the trailing 1-year period	13.06%	14.17%	-1.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.35%	17.97%	-1.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.89%	20.00%	-2.11%

JAMVX vs. NAMAX - Expense Ratio Comparison

JAMVX has a 0.67% expense ratio, which is lower than NAMAX's 0.88% expense ratio.

Dividends

JAMVX vs. NAMAX - Dividend Comparison

JAMVX's dividend yield for the trailing twelve months is around 4.19%, less than NAMAX's 5.94% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JAMVX Janus Henderson VIT Mid Cap Value Portfolio	4.19%	10.85%	6.16%	3.67%	9.77%	0.43%	2.85%	8.72%	12.17%	4.32%	14.88%	12.31%
NAMAX Columbia Select Mid Cap Value Fund	5.94%	6.71%	7.07%	0.74%	6.39%	8.99%	3.22%	3.38%	27.38%	21.08%	8.07%	17.05%

Frequently Asked Questions

Can I hold both JAMVX and NAMAX in my portfolio?

With a correlation of 0.92, JAMVX and NAMAX 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.

Which is riskier, JAMVX or NAMAX?

NAMAX has higher volatility (2.90%) compared to JAMVX (2.71%). In terms of maximum drawdown, JAMVX dropped -46.19% vs NAMAX's -60.44%.

Which has better risk-adjusted returns?

NAMAX currently has the higher Sharpe Ratio (2.49 vs 1.27), 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.