JANBX vs. JSIVX

Last updated Jun 4, 2026

JANBX (Janus Henderson Balanced Fund) and JSIVX (Janus Henderson Small Cap Value Fund) are both mutual funds - JANBX is a Diversified Portfolio fund managed by Janus Henderson, while JSIVX is a Small Cap Value Equities fund managed by Janus Henderson. Over the past 10 years, JANBX returned 10.35%/yr vs 8.94%/yr for JSIVX. A 0.72 correlation means they provide meaningful diversification when combined. JANBX charges 0.70%/yr vs 0.81%/yr for JSIVX.

Performance

JANBX vs. JSIVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Janus Henderson Balanced Fund (JANBX) and Janus Henderson Small Cap Value Fund (JSIVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JANBX achieves a 3.93% return, which is significantly lower than JSIVX's 10.46% return. Over the past 10 years, JANBX has outperformed JSIVX with an annualized return of 10.35%, while JSIVX has yielded a comparatively lower 8.94% annualized return.

JANBX

• 1D: 0.00%
• 1M: 3.14%
• YTD: 3.93%
• 6M: 3.95%
• 1Y: 15.20%
• 3Y*: 14.03%
• 5Y*: 8.05%
• 10Y*: 10.35%

JSIVX

• 1D: 0.94%
• 1M: 1.20%
• YTD: 10.46%
• 6M: 9.33%
• 1Y: 27.31%
• 3Y*: 15.56%
• 5Y*: 7.49%
• 10Y*: 8.94%

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

JANBX vs. JSIVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JANBX Janus Henderson Balanced Fund	3.93%	14.99%	15.36%	15.38%	-16.60%	17.22%	14.34%	22.53%	0.64%	17.78%
JSIVX Janus Henderson Small Cap Value Fund	10.46%	7.86%	15.40%	13.47%	-9.75%	22.89%	-6.64%	26.31%	-13.05%	12.91%

Correlation

The correlation between JANBX and JSIVX is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.58
Correlation (3Y) Calculated over the trailing 3-year period	0.61
Correlation (5Y) Calculated over the trailing 5-year period	0.68
Correlation (10Y) Calculated over the trailing 10-year period	0.67
Correlation (All Time) Calculated using the full available price history since Sep 4, 1992	0.72

The correlation between JANBX and JSIVX shifts across timeframes, from 0.58 (1 year) to 0.72 (all time), reflecting how their relationship changes across market environments.

Return for Risk

JANBX vs. JSIVX — Risk / Return Rank

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

JANBX

JANBX Risk / Return Rank: 36
JANBX Sharpe Ratio Rank: 39
JANBX Sortino Ratio Rank: 38
JANBX Omega Ratio Rank: 37
JANBX Calmar Ratio Rank: 27
JANBX Martin Ratio Rank: 38

JSIVX

JSIVX Risk / Return Rank: 44
JSIVX Sharpe Ratio Rank: 38
JSIVX Sortino Ratio Rank: 41
JSIVX Omega Ratio Rank: 35
JSIVX Calmar Ratio Rank: 55
JSIVX Martin Ratio Rank: 49

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.

JANBX vs. JSIVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Balanced Fund (JANBX) and Janus Henderson Small Cap Value Fund (JSIVX). 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.

	JANBX	JSIVX	Difference
Sharpe ratio: Return per unit of total volatility	1.80	1.81	0.00
Sortino ratio: Return per unit of downside risk	2.59	2.70	-0.11
Omega ratio: Gain probability vs. loss probability	1.33	1.32	+0.01
Calmar ratio: Return relative to maximum drawdown	1.93	2.83	-0.91
Martin ratio: Return relative to average drawdown	8.33	10.22	-1.89
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JANBX vs. JSIVX - Sharpe Ratio Comparison

The current JANBX Sharpe Ratio is 1.80, which is comparable to the JSIVX Sharpe Ratio of 1.81. The chart below compares the historical Sharpe Ratios of JANBX and JSIVX, 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

	JANBX	JSIVX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.80	1.81	0.00
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.72	0.37	+0.36
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.93	0.42	+0.51
Sharpe Ratio (All Time) Calculated using the full available price history	0.68	0.40	+0.28

Drawdowns

JANBX vs. JSIVX - Drawdown Comparison

The maximum JANBX drawdown since its inception was -31.70%, smaller than the maximum JSIVX drawdown of -46.98%. Use the drawdown chart below to compare losses from any high point for JANBX and JSIVX.

Drawdown Indicators

	JANBX	JSIVX	Difference
Max Drawdown Largest peak-to-trough decline	-31.70%	-46.98%	+15.28%
Max Drawdown (1Y) Largest decline over 1 year	-8.13%	-10.32%	+2.19%
Max Drawdown (3Y) Largest decline over 3 years	-11.91%	-24.24%	+12.33%
Max Drawdown (5Y) Largest decline over 5 years	-21.52%	-24.24%	+2.72%
Max Drawdown (10Y) Largest decline over 10 years	-22.49%	-40.58%	+18.09%
Current Drawdown Current decline from peak	0.00%	-1.03%	+1.03%
Average Drawdown Average peak-to-trough decline	-6.64%	-9.17%	+2.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.88%	2.86%	-0.98%

Volatility

JANBX vs. JSIVX - Volatility Comparison

The current volatility for Janus Henderson Balanced Fund (JANBX) is 2.45%, while Janus Henderson Small Cap Value Fund (JSIVX) has a volatility of 3.98%. This indicates that JANBX experiences smaller price fluctuations and is considered to be less risky than JSIVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JANBX	JSIVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.45%	3.98%	-1.53%
Volatility (6M) Calculated over the trailing 6-month period	6.91%	10.80%	-3.89%
Volatility (1Y) Calculated over the trailing 1-year period	8.69%	16.21%	-7.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.19%	20.46%	-9.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.16%	21.12%	-9.96%

JANBX vs. JSIVX - Expense Ratio Comparison

JANBX has a 0.70% expense ratio, which is lower than JSIVX's 0.81% expense ratio.

Dividends

JANBX vs. JSIVX - Dividend Comparison

JANBX's dividend yield for the trailing twelve months is around 8.50%, more than JSIVX's 3.69% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JANBX Janus Henderson Balanced Fund	8.50%	8.78%	6.96%	2.25%	1.95%	4.50%	2.49%	2.85%	7.06%	4.65%	2.55%	5.81%
JSIVX Janus Henderson Small Cap Value Fund	3.69%	4.07%	20.33%	5.34%	4.94%	1.84%	1.15%	1.11%	8.15%	8.74%	3.76%	14.24%

Frequently Asked Questions

Can I hold both JANBX and JSIVX in my portfolio?

JANBX and JSIVX have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JANBX or JSIVX?

JSIVX has higher volatility (3.98%) compared to JANBX (2.45%). In terms of maximum drawdown, JANBX dropped -31.70% vs JSIVX's -46.98%.

Which has better risk-adjusted returns?

JSIVX currently has the higher Sharpe Ratio (1.81 vs 1.80), 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.