JANRX vs. JAENX

Last updated Jun 5, 2026

JANRX (Janus Henderson Global Select Fund) and JAENX (Janus Henderson Enterprise Fund Class T) are both mutual funds - JANRX is a Global Equities fund managed by Janus Henderson, while JAENX is a Mid Cap Growth Equities fund actively managed by Janus Henderson. Over the past 10 years, JANRX returned 13.24%/yr vs 12.55%/yr for JAENX. Their correlation of 0.88 suggests significant overlap in exposure. JANRX charges 0.82%/yr vs 0.91%/yr for JAENX.

Performance

JANRX vs. JAENX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Janus Henderson Global Select Fund (JANRX) and Janus Henderson Enterprise Fund Class T (JAENX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JANRX achieves a 8.94% return, which is significantly higher than JAENX's 6.79% return. Over the past 10 years, JANRX has outperformed JAENX with an annualized return of 13.24%, while JAENX has yielded a comparatively lower 12.55% annualized return.

JANRX

• 1D: -0.94%
• 1M: 2.48%
• YTD: 8.94%
• 6M: 9.69%
• 1Y: 20.43%
• 3Y*: 19.18%
• 5Y*: 10.42%
• 10Y*: 13.24%

JAENX

• 1D: 0.25%
• 1M: 5.15%
• YTD: 6.79%
• 6M: 6.59%
• 1Y: 13.55%
• 3Y*: 12.89%
• 5Y*: 7.04%
• 10Y*: 12.55%

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

JANRX vs. JAENX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JANRX Janus Henderson Global Select Fund	8.94%	19.49%	17.21%	17.41%	-9.94%	15.96%	16.14%	27.43%	-9.80%	31.08%
JAENX Janus Henderson Enterprise Fund Class T	6.79%	7.52%	15.12%	17.86%	-16.12%	16.89%	20.26%	35.07%	-1.04%	26.30%

Correlation

The correlation between JANRX and JAENX is 0.72, 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	0.72
Correlation (3Y) Calculated over the trailing 3-year period	0.78
Correlation (5Y) Calculated over the trailing 5-year period	0.85
Correlation (10Y) Calculated over the trailing 10-year period	0.85
Correlation (All Time) Calculated using the full available price history since Jul 6, 2000	0.88

The correlation between JANRX and JAENX shifts across timeframes, from 0.72 (1 year) to 0.88 (all time), reflecting how their relationship changes across market environments.

Return for Risk

JANRX vs. JAENX — Risk / Return Rank

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

JANRX

JANRX Risk / Return Rank: 40
JANRX Sharpe Ratio Rank: 40
JANRX Sortino Ratio Rank: 40
JANRX Omega Ratio Rank: 40
JANRX Calmar Ratio Rank: 35
JANRX Martin Ratio Rank: 47

JAENX

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

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.

JANRX vs. JAENX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Global Select Fund (JANRX) and Janus Henderson Enterprise Fund Class T (JAENX). 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.

	JANRX	JAENX	Difference
Sharpe ratio: Return per unit of total volatility	1.84	1.02	+0.82
Sortino ratio: Return per unit of downside risk	2.65	1.54	+1.11
Omega ratio: Gain probability vs. loss probability	1.34	1.18	+0.16
Calmar ratio: Return relative to maximum drawdown	2.20	1.22	+0.98
Martin ratio: Return relative to average drawdown	9.79	4.25	+5.53
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JANRX vs. JAENX - Sharpe Ratio Comparison

The current JANRX Sharpe Ratio is 1.84, which is higher than the JAENX Sharpe Ratio of 1.02. The chart below compares the historical Sharpe Ratios of JANRX and JAENX, 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

	JANRX	JAENX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.84	1.02	+0.82
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.65	0.40	+0.25
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.74	0.67	+0.07
Sharpe Ratio (All Time) Calculated using the full available price history	0.28	0.51	-0.23

Drawdowns

JANRX vs. JAENX - Drawdown Comparison

The maximum JANRX drawdown since its inception was -63.94%, smaller than the maximum JAENX drawdown of -79.85%. Use the drawdown chart below to compare losses from any high point for JANRX and JAENX.

Drawdown Indicators

	JANRX	JAENX	Difference
Max Drawdown Largest peak-to-trough decline	-63.94%	-79.85%	+15.91%
Max Drawdown (1Y) Largest decline over 1 year	-9.67%	-11.42%	+1.75%
Max Drawdown (3Y) Largest decline over 3 years	-19.56%	-19.60%	+0.04%
Max Drawdown (5Y) Largest decline over 5 years	-23.48%	-24.31%	+0.83%
Max Drawdown (10Y) Largest decline over 10 years	-39.17%	-38.25%	-0.92%
Current Drawdown Current decline from peak	-0.94%	0.00%	-0.94%
Average Drawdown Average peak-to-trough decline	-17.79%	-24.93%	+7.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.17%	3.28%	-1.11%

Volatility

JANRX vs. JAENX - Volatility Comparison

Janus Henderson Global Select Fund (JANRX) and Janus Henderson Enterprise Fund Class T (JAENX) have volatilities of 3.90% and 4.10%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JANRX	JAENX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.90%	4.10%	-0.20%
Volatility (6M) Calculated over the trailing 6-month period	9.55%	10.54%	-0.99%
Volatility (1Y) Calculated over the trailing 1-year period	11.59%	13.78%	-2.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.18%	17.67%	-1.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.98%	18.71%	-0.73%

JANRX vs. JAENX - Expense Ratio Comparison

JANRX has a 0.82% expense ratio, which is lower than JAENX's 0.91% expense ratio.

Dividends

JANRX vs. JAENX - Dividend Comparison

JANRX's dividend yield for the trailing twelve months is around 9.83%, more than JAENX's 7.05% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JAENX Janus Henderson Enterprise Fund Class T	7.05%	7.53%	6.98%	7.62%	10.62%	15.94%	8.43%	4.41%	6.32%	1.79%	1.72%	3.93%
JANRX Janus Henderson Global Select Fund	9.83%	10.71%	10.44%	8.62%	2.81%	13.04%	5.11%	4.37%	17.07%	0.86%	1.14%	1.08%

Frequently Asked Questions

Can I hold both JANRX and JAENX in my portfolio?

JANRX and JAENX have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JANRX or JAENX?

JAENX has higher volatility (4.10%) compared to JANRX (3.90%). In terms of maximum drawdown, JANRX dropped -63.94% vs JAENX's -79.85%.

Which has better risk-adjusted returns?

JANRX currently has the higher Sharpe Ratio (1.84 vs 1.02), 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.