JANRX vs. JANEX

Last updated Aug 1, 2026

JANRX (Janus Henderson Global Select Fund) and JANEX (Janus Henderson Enterprise Fund Class D) are both mutual funds - JANRX is a Global Equities fund managed by Janus Henderson, while JANEX is a Mid Cap Growth Equities fund actively managed by Janus Henderson. Over the past 10 years, JANRX returned 12.72%/yr vs 12.37%/yr for JANEX. Their correlation of 0.88 means they have usually moved in the same direction. JANRX charges 0.82%/yr vs 0.79%/yr for JANEX.

Performance

JANRX vs. JANEX - 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 D (JANEX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JANRX achieves a 7.03% return, which is significantly lower than JANEX's 7.83% return. Both investments have delivered pretty close results over the past 10 years, with JANRX having a 12.72% annualized return and JANEX not far behind at 12.37%.

JANRX

• 1D: 2.73%
• 1M: -2.08%
• 6M: 2.58%
• YTD: 7.03%
• 1Y: 15.11%
• 3Y*: 16.05%
• 5Y*: 10.33%
• 10Y*: 12.72%
• ALL TIME*: 5.89%

JANEX

• 1D: 0.28%
• 1M: -0.93%
• 6M: 7.93%
• YTD: 7.83%
• 1Y: 12.57%
• 3Y*: 10.82%
• 5Y*: 6.55%
• 10Y*: 12.37%
• ALL TIME*: 9.87%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
JANEX Janus Henderson Enterprise Fund Class D	$0.00	$0.00	$0.00
JANRX Janus Henderson Global Select Fund	$0.00	$0.00	$0.00

JANRX vs. JANEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JANRX Janus Henderson Global Select Fund	7.03%	19.49%	17.21%	17.41%	-9.94%	15.96%	16.14%	27.43%	-9.80%	31.08%
JANEX Janus Henderson Enterprise Fund Class D	7.83%	7.64%	15.25%	17.99%	-16.03%	17.02%	20.38%	35.22%	-0.95%	26.36%

Correlation

The correlation between JANRX and JANEX is 0.70, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.70
Correlation (3Y) Balances recent behavior with more history.	0.77
Correlation (5Y) Shows whether the relationship held over a longer period.	0.84
Correlation (10Y) Provides a long-term view across more market conditions.	0.84
Correlation (All Time) Calculated using the full available price history since Jul 5, 2000	0.88

The correlation between JANRX and JANEX shifts across timeframes, from 0.70 (1 year) to 0.88 (all time), reflecting how their relationship changes across market environments.

Return for Risk

JANRX vs. JANEX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

JANRX

JANRX Risk / Return Rank: 36
JANRX Sharpe Ratio Rank: 34
JANRX Sortino Ratio Rank: 34
JANRX Omega Ratio Rank: 34
JANRX Calmar Ratio Rank: 35
JANRX Martin Ratio Rank: 42

JANEX

JANEX Risk / Return Rank: 22
JANEX Sharpe Ratio Rank: 22
JANEX Sortino Ratio Rank: 23
JANEX Omega Ratio Rank: 21
JANEX Calmar Ratio Rank: 21
JANEX Martin Ratio Rank: 24

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

JANRX vs. JANEX - 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 D (JANEX). 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.

	JANRX	JANEX	Difference
Sharpe ratio: Return per unit of total volatility	1.05	0.75	+0.30
Sortino ratio: Return per unit of downside risk	1.54	1.17	+0.38
Omega ratio: Gain probability vs. loss probability	1.19	1.14	+0.06
Calmar ratio: Return relative to maximum drawdown	1.46	0.94	+0.52
Martin ratio: Return relative to average drawdown	5.97	3.29	+2.68

JANRX vs. JANEX - Sharpe Ratio Comparison

The current JANRX Sharpe Ratio is 1.05, which is higher than the JANEX Sharpe Ratio of 0.75. The chart below compares the historical Sharpe Ratios of JANRX and JANEX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

JANRX vs. JANEX - Drawdown Comparison

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

Drawdown Indicators

	JANRX	JANEX	Difference
Max Drawdown Largest peak-to-trough decline	-63.94%	-79.85%	+15.91%
Max Drawdown (1Y) Largest decline over 1 year	-9.67%	-11.40%	+1.73%
Max Drawdown (3Y) Largest decline over 3 years	-19.56%	-19.57%	+0.01%
Max Drawdown (5Y) Largest decline over 5 years	-23.48%	-24.24%	+0.76%
Max Drawdown (10Y) Largest decline over 10 years	-39.17%	-38.24%	-0.93%
Current Drawdown Current decline from peak	-3.22%	-1.33%	-1.89%
Average Drawdown Average peak-to-trough decline	-17.69%	-25.00%	+7.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.36%	3.26%	-0.90%

Volatility

JANRX vs. JANEX - Volatility Comparison

Janus Henderson Global Select Fund (JANRX) has a higher volatility of 4.91% compared to Janus Henderson Enterprise Fund Class D (JANEX) at 3.03%. This indicates that JANRX's price experiences larger fluctuations and is considered to be riskier than JANEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JANRX	JANEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.91%	3.03%	+1.88%
Volatility (6M) Calculated over the trailing 6-month period	11.75%	11.34%	+0.41%
Volatility (1Y) Calculated over the trailing 1-year period	13.53%	14.38%	-0.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.40%	17.73%	-1.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.92%	18.68%	-0.76%

JANRX vs. JANEX - Expense Ratio Comparison

JANRX has a 0.82% expense ratio, which is higher than JANEX's 0.79% expense ratio.

Dividends

JANRX vs. JANEX - Dividend Comparison

JANRX's dividend yield for the trailing twelve months is around 10.00%, more than JANEX's 6.97% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JANEX Janus Henderson Enterprise Fund Class D	6.97%	7.51%	7.00%	7.52%	10.51%	15.98%	8.46%	4.45%	6.38%	1.78%	1.64%	3.64%
JANRX Janus Henderson Global Select Fund	10.00%	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 JANEX in my portfolio?

JANRX and JANEX have a correlation of 0.70, 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 JANEX?

JANRX has higher volatility (4.91%) compared to JANEX (3.03%). In terms of maximum drawdown, JANRX dropped -63.94% vs JANEX's -79.85%.

Which has better risk-adjusted returns?

JANRX currently has the higher Sharpe Ratio (1.05 vs 0.75), 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.