JANEX vs. JUCIX

Last updated Jun 5, 2026

JANEX (Janus Henderson Enterprise Fund) and JUCIX (Janus Henderson Absolute Return Income Opportunities Fund) are both mutual funds - JANEX is a Mid Cap Growth Equities fund managed by Janus Henderson, while JUCIX is a Nontraditional Bonds fund managed by Janus Henderson. Over the past 10 years, JANEX returned 12.65%/yr vs 2.54%/yr for JUCIX. At a 0.12 correlation, their price movements are largely independent. JANEX charges 0.79%/yr vs 0.71%/yr for JUCIX.

Performance

JANEX vs. JUCIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Janus Henderson Enterprise Fund (JANEX) and Janus Henderson Absolute Return Income Opportunities Fund (JUCIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JANEX achieves a 6.84% return, which is significantly higher than JUCIX's 1.18% return. Over the past 10 years, JANEX has outperformed JUCIX with an annualized return of 12.65%, while JUCIX has yielded a comparatively lower 2.54% annualized return.

JANEX

• 1D: 0.25%
• 1M: 5.16%
• YTD: 6.84%
• 6M: 6.66%
• 1Y: 13.68%
• 3Y*: 13.02%
• 5Y*: 7.16%
• 10Y*: 12.65%

JUCIX

• 1D: -0.11%
• 1M: 0.21%
• YTD: 1.18%
• 6M: 1.60%
• 1Y: 5.57%
• 3Y*: 6.13%
• 5Y*: 3.74%
• 10Y*: 2.54%

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

JANEX vs. JUCIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JANEX Janus Henderson Enterprise Fund	6.84%	7.64%	15.25%	17.99%	-16.03%	17.02%	20.38%	35.22%	-0.95%	26.36%
JUCIX Janus Henderson Absolute Return Income Opportunities Fund	1.18%	6.68%	6.13%	7.02%	-1.46%	-0.43%	3.56%	2.60%	-3.85%	2.37%

Correlation

The correlation between JANEX and JUCIX 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	0.25
Correlation (5Y) Calculated over the trailing 5-year period	0.26
Correlation (10Y) Calculated over the trailing 10-year period	0.12
Correlation (All Time) Calculated using the full available price history since Jan 5, 2015	0.12

The correlation between JANEX and JUCIX shifts across timeframes, from 0.12 (10 years) to 0.31 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

JANEX vs. JUCIX — Risk / Return Rank

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

JANEX

JANEX Risk / Return Rank: 14
JANEX Sharpe Ratio Rank: 14
JANEX Sortino Ratio Rank: 14
JANEX Omega Ratio Rank: 13
JANEX Calmar Ratio Rank: 14
JANEX Martin Ratio Rank: 16

JUCIX

JUCIX Risk / Return Rank: 89
JUCIX Sharpe Ratio Rank: 76
JUCIX Sortino Ratio Rank: 94
JUCIX Omega Ratio Rank: 97
JUCIX Calmar Ratio Rank: 88
JUCIX Martin Ratio Rank: 88

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.

JANEX vs. JUCIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Enterprise Fund (JANEX) and Janus Henderson Absolute Return Income Opportunities Fund (JUCIX). 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.

	JANEX	JUCIX	Difference
Sharpe ratio: Return per unit of total volatility	1.03	2.51	-1.49
Sortino ratio: Return per unit of downside risk	1.55	4.85	-3.30
Omega ratio: Gain probability vs. loss probability	1.18	2.01	-0.83
Calmar ratio: Return relative to maximum drawdown	1.24	4.24	-3.01
Martin ratio: Return relative to average drawdown	4.30	16.90	-12.60
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JANEX vs. JUCIX - Sharpe Ratio Comparison

The current JANEX Sharpe Ratio is 1.03, which is lower than the JUCIX Sharpe Ratio of 2.51. The chart below compares the historical Sharpe Ratios of JANEX and JUCIX, 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

	JANEX	JUCIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.03	2.51	-1.49
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.41	2.02	-1.62
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.68	1.01	-0.33
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	0.88	-0.43

Drawdowns

JANEX vs. JUCIX - Drawdown Comparison

The maximum JANEX drawdown since its inception was -79.85%, which is greater than JUCIX's maximum drawdown of -8.25%. Use the drawdown chart below to compare losses from any high point for JANEX and JUCIX.

Drawdown Indicators

	JANEX	JUCIX	Difference
Max Drawdown Largest peak-to-trough decline	-79.85%	-8.25%	-71.60%
Max Drawdown (1Y) Largest decline over 1 year	-11.40%	-1.32%	-10.08%
Max Drawdown (3Y) Largest decline over 3 years	-19.57%	-1.32%	-18.25%
Max Drawdown (5Y) Largest decline over 5 years	-24.24%	-3.81%	-20.43%
Max Drawdown (10Y) Largest decline over 10 years	-38.24%	-8.25%	-29.99%
Current Drawdown Current decline from peak	0.00%	-0.11%	+0.11%
Average Drawdown Average peak-to-trough decline	-25.11%	-1.34%	-23.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.27%	0.33%	+2.94%

Volatility

JANEX vs. JUCIX - Volatility Comparison

Janus Henderson Enterprise Fund (JANEX) has a higher volatility of 4.10% compared to Janus Henderson Absolute Return Income Opportunities Fund (JUCIX) at 0.61%. This indicates that JANEX's price experiences larger fluctuations and is considered to be riskier than JUCIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JANEX	JUCIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.10%	0.61%	+3.49%
Volatility (6M) Calculated over the trailing 6-month period	10.54%	1.89%	+8.65%
Volatility (1Y) Calculated over the trailing 1-year period	13.78%	2.23%	+11.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.67%	1.85%	+15.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.71%	2.51%	+16.20%

JANEX vs. JUCIX - Expense Ratio Comparison

JANEX has a 0.79% expense ratio, which is higher than JUCIX's 0.71% expense ratio.

Dividends

JANEX vs. JUCIX - Dividend Comparison

JANEX's dividend yield for the trailing twelve months is around 7.03%, more than JUCIX's 4.88% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JANEX Janus Henderson Enterprise Fund	7.03%	7.51%	7.00%	7.52%	10.51%	15.98%	8.46%	4.45%	6.38%	1.78%	1.64%	3.64%
JUCIX Janus Henderson Absolute Return Income Opportunities Fund	4.88%	4.86%	4.66%	3.73%	2.09%	1.48%	1.70%	2.68%	3.24%	2.56%	4.76%	2.28%

Frequently Asked Questions

Can I hold both JANEX and JUCIX in my portfolio?

JANEX and JUCIX 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, JANEX or JUCIX?

JANEX has higher volatility (4.10%) compared to JUCIX (0.61%). In terms of maximum drawdown, JANEX dropped -79.85% vs JUCIX's -8.25%.

Which has better risk-adjusted returns?

JUCIX currently has the higher Sharpe Ratio (2.51 vs 1.03), 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.