JANBX vs. JFRDX
JANBX (Janus Henderson Balanced Fund) and JFRDX (Janus Henderson Forty Fund Class D) are both mutual funds - JANBX is a Diversified Portfolio fund managed by Janus Henderson, while JFRDX is a Large Cap Growth Equities fund actively managed by Janus Henderson. Over the past 5 years, JANBX returned 7.08%/yr vs 8.65%/yr for JFRDX. Their correlation of 0.92 means they have usually moved in the same direction. JANBX charges 0.70%/yr vs 0.63%/yr for JFRDX.
Performance
JANBX vs. JFRDX - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both investments are quite close, with JANBX having a 4.82% return and JFRDX slightly higher at 5.02%.
JANBX
- 1D
- 0.95%
- 1M
- 1.23%
- 6M
- 5.23%
- YTD
- 4.82%
- 1Y
- 9.94%
- 3Y*
- 13.65%
- 5Y*
- 7.08%
- 10Y*
- 10.17%
- ALL TIME*
- 7.20%
JFRDX
- 1D
- 2.82%
- 1M
- 1.99%
- 6M
- 10.22%
- YTD
- 5.02%
- 1Y
- 9.85%
- 3Y*
- 19.94%
- 5Y*
- 8.65%
- 10Y*
- —
- ALL TIME*
- 16.02%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
JANBX vs. JFRDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JANBX Janus Henderson Balanced Fund | 4.82% | 14.99% | 15.36% | 15.38% | -16.60% | 17.22% | 14.34% | 22.53% | 0.64% | 14.99% |
JFRDX Janus Henderson Forty Fund Class D | 5.02% | 18.31% | 28.26% | 40.01% | -33.58% | 22.73% | 39.22% | 36.75% | 1.49% | 16.74% |
Correlation
The correlation between JANBX and JFRDX is 0.89, 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. | 0.89 |
Correlation (3Y) Balances recent behavior with more history. | 0.91 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.93 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2017 | 0.92 |
The correlation between JANBX and JFRDX has been stable across timeframes, ranging from 0.89 to 0.93 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
JANBX vs. JFRDX — Risk / Return Rank
JANBX
JFRDX
JANBX vs. JFRDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Balanced Fund (JANBX) and Janus Henderson Forty Fund Class D (JFRDX). 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.
| JANBX | JFRDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.57 | ||
| Sortino ratioReturn per unit of downside risk | +0.75 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.12 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.38 | 0.63 | +0.75 |
| Martin ratioReturn relative to average drawdown | 5.82 | 1.90 | +3.92 |
Loading charts...
Drawdowns
JANBX vs. JFRDX - Drawdown Comparison
The maximum JANBX drawdown since its inception was -31.70%, smaller than the maximum JFRDX drawdown of -40.91%. Use the drawdown chart below to compare losses from any high point for JANBX and JFRDX.
Loading charts...
Drawdown Indicators
| JANBX | JFRDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.70% | -40.91% | +9.21% |
Max Drawdown (1Y)Largest decline over 1 year | -8.13% | -19.05% | +10.92% |
Max Drawdown (3Y)Largest decline over 3 years | -11.91% | -22.14% | +10.23% |
Max Drawdown (5Y)Largest decline over 5 years | -21.52% | -40.91% | +19.39% |
Max Drawdown (10Y)Largest decline over 10 years | -22.49% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -3.62% | +3.62% |
Average DrawdownAverage peak-to-trough decline | -6.61% | -8.12% | +1.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.92% | 6.29% | -4.37% |
Volatility
JANBX vs. JFRDX - Volatility Comparison
The current volatility for Janus Henderson Balanced Fund (JANBX) is 2.86%, while Janus Henderson Forty Fund Class D (JFRDX) has a volatility of 7.01%. This indicates that JANBX experiences smaller price fluctuations and is considered to be less risky than JFRDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| JANBX | JFRDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.86% | 7.01% | -4.15% |
Volatility (6M)Calculated over the trailing 6-month period | 7.74% | 16.10% | -8.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.50% | 19.69% | -10.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.32% | 22.40% | -11.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.20% | 22.12% | -10.92% |
JANBX vs. JFRDX - Expense Ratio Comparison
JANBX has a 0.70% expense ratio, which is higher than JFRDX's 0.63% expense ratio.
Dividends
JANBX vs. JFRDX - Dividend Comparison
JANBX's dividend yield for the trailing twelve months is around 8.41%, less than JFRDX's 12.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JANBX Janus Henderson Balanced Fund | 8.41% | 8.78% | 6.96% | 2.25% | 1.95% | 4.50% | 2.49% | 2.85% | 7.06% | 4.65% | 2.55% | 5.81% |
JFRDX Janus Henderson Forty Fund Class D | 12.47% | 13.10% | 11.27% | 9.12% | 0.06% | 10.12% | 8.26% | 7.21% | 8.88% | 9.68% | 0.00% | 0.00% |
Frequently Asked Questions
JANBX and JFRDX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JFRDX has higher volatility (7.01%) compared to JANBX (2.86%). In terms of maximum drawdown, JANBX dropped -31.70% vs JFRDX's -40.91%.
JANBX currently has the higher Sharpe Ratio (1.18 vs 0.61), 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.
Find the right allocation for JANBX and JFRDX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer