JANBX vs. SPY
Compare and contrast key facts about Janus Henderson Balanced Fund (JANBX) and State Street SPDR S&P 500 ETF (SPY).
JANBX is managed by Janus Henderson. It was launched on Aug 31, 1992. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Performance
JANBX vs. SPY - Performance Comparison
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JANBX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JANBX Janus Henderson Balanced Fund | -5.36% | 14.99% | 15.36% | 15.38% | -16.60% | 17.22% | 14.34% | 22.53% | 0.64% | 17.78% |
SPY State Street SPDR S&P 500 ETF | -3.65% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, JANBX achieves a -5.36% return, which is significantly lower than SPY's -3.65% return. Over the past 10 years, JANBX has underperformed SPY with an annualized return of 9.37%, while SPY has yielded a comparatively higher 14.06% annualized return.
JANBX
- 1D
- 1.58%
- 1M
- -4.89%
- YTD
- -5.36%
- 6M
- -4.13%
- 1Y
- 10.63%
- 3Y*
- 11.24%
- 5Y*
- 6.65%
- 10Y*
- 9.37%
SPY
- 1D
- 0.75%
- 1M
- -4.28%
- YTD
- -3.65%
- 6M
- -1.42%
- 1Y
- 18.14%
- 3Y*
- 18.48%
- 5Y*
- 11.86%
- 10Y*
- 14.06%
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JANBX vs. SPY - Expense Ratio Comparison
JANBX has a 0.70% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
JANBX vs. SPY — Risk / Return Rank
JANBX
SPY
JANBX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Balanced Fund (JANBX) and State Street SPDR S&P 500 ETF (SPY). 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 | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.92 | 0.96 | -0.04 |
Sortino ratioReturn per unit of downside risk | 1.41 | 1.49 | -0.09 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.23 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.40 | 1.53 | -0.13 |
Martin ratioReturn relative to average drawdown | 5.58 | 7.27 | -1.69 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| JANBX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.92 | 0.96 | -0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.70 | -0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.85 | 0.79 | +0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 0.56 | +0.09 |
Correlation
The correlation between JANBX and SPY is 0.89, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
JANBX vs. SPY - Dividend Comparison
JANBX's dividend yield for the trailing twelve months is around 8.80%, more than SPY's 1.13% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JANBX Janus Henderson Balanced Fund | 8.80% | 8.78% | 6.96% | 2.25% | 1.95% | 4.50% | 2.49% | 2.85% | 7.06% | 4.65% | 2.55% | 5.81% |
SPY State Street SPDR S&P 500 ETF | 1.13% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
JANBX vs. SPY - Drawdown Comparison
The maximum JANBX drawdown since its inception was -31.70%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for JANBX and SPY.
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Drawdown Indicators
| JANBX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.70% | -55.19% | +23.49% |
Max Drawdown (1Y)Largest decline over 1 year | -8.13% | -12.05% | +3.92% |
Max Drawdown (5Y)Largest decline over 5 years | -21.52% | -24.50% | +2.98% |
Max Drawdown (10Y)Largest decline over 10 years | -22.49% | -33.72% | +11.23% |
Current DrawdownCurrent decline from peak | -6.68% | -5.53% | -1.15% |
Average DrawdownAverage peak-to-trough decline | -6.66% | -9.09% | +2.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.04% | 2.54% | -0.50% |
Volatility
JANBX vs. SPY - Volatility Comparison
The current volatility for Janus Henderson Balanced Fund (JANBX) is 3.80%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 5.35%. This indicates that JANBX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JANBX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.80% | 5.35% | -1.55% |
Volatility (6M)Calculated over the trailing 6-month period | 6.65% | 9.50% | -2.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.08% | 19.06% | -6.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.16% | 17.06% | -5.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.12% | 17.92% | -6.80% |