JANVX vs. JFRDX
JANVX (Janus Henderson Venture Fund) and JFRDX (Janus Henderson Forty Fund Class D) are both mutual funds - JANVX is a Small Cap Growth Equities fund managed by Janus Henderson, while JFRDX is a Large Cap Growth Equities fund actively managed by Janus Henderson. Over the past 5 years, JANVX returned 6.13%/yr vs 8.86%/yr for JFRDX. A 0.79 correlation means they provide meaningful diversification when combined. JANVX charges 0.78%/yr vs 0.63%/yr for JFRDX.
Performance
JANVX vs. JFRDX - Performance Comparison
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Returns By Period
In the year-to-date period, JANVX achieves a 14.01% return, which is significantly higher than JFRDX's 1.13% return.
JANVX
- 1D
- -1.19%
- 1M
- 3.68%
- YTD
- 14.01%
- 6M
- 11.41%
- 1Y
- 25.74%
- 3Y*
- 17.76%
- 5Y*
- 6.13%
- 10Y*
- 12.13%
JFRDX
- 1D
- -2.63%
- 1M
- -2.68%
- YTD
- 1.13%
- 6M
- 0.07%
- 1Y
- 12.89%
- 3Y*
- 20.16%
- 5Y*
- 8.86%
- 10Y*
- —
JANVX vs. JFRDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JANVX Janus Henderson Venture Fund | 14.01% | 8.98% | 22.16% | 16.16% | -24.15% | 7.45% | 31.77% | 30.80% | -6.57% | 21.42% |
JFRDX Janus Henderson Forty Fund Class D | 1.13% | 18.31% | 28.26% | 40.01% | -33.58% | 22.73% | 39.22% | 36.75% | 1.49% | 16.74% |
Correlation
The correlation between JANVX and JFRDX is 0.64, 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 | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2017 | 0.79 |
The correlation between JANVX and JFRDX shifts across timeframes, from 0.64 (1 year) to 0.79 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
JANVX vs. JFRDX — Risk / Return Rank
JANVX
JFRDX
JANVX vs. JFRDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Venture Fund (JANVX) and Janus Henderson Forty Fund Class D (JFRDX). 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.
| JANVX | JFRDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.77 | ||
| Sortino ratioReturn per unit of downside risk | +1.09 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.15 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.31 | 0.81 | +1.50 |
| Martin ratioReturn relative to average drawdown | 8.44 | 2.59 | +5.85 |
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Drawdowns
JANVX vs. JFRDX - Drawdown Comparison
The maximum JANVX drawdown since its inception was -86.48%, which is greater than JFRDX's maximum drawdown of -40.91%. Use the drawdown chart below to compare losses from any high point for JANVX and JFRDX.
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Drawdown Indicators
| JANVX | JFRDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.48% | -40.91% | -45.57% |
Max Drawdown (1Y)Largest decline over 1 year | -11.87% | -19.05% | +7.18% |
Max Drawdown (3Y)Largest decline over 3 years | -23.88% | -22.14% | -1.74% |
Max Drawdown (5Y)Largest decline over 5 years | -35.17% | -40.91% | +5.74% |
Max Drawdown (10Y)Largest decline over 10 years | -36.81% | — | — |
Current DrawdownCurrent decline from peak | -1.19% | -7.20% | +6.01% |
Average DrawdownAverage peak-to-trough decline | -30.87% | -8.15% | -22.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.25% | 5.94% | -2.69% |
Volatility
JANVX vs. JFRDX - Volatility Comparison
The current volatility for Janus Henderson Venture Fund (JANVX) is 5.93%, while Janus Henderson Forty Fund Class D (JFRDX) has a volatility of 8.02%. This indicates that JANVX experiences smaller price fluctuations and is considered to be less risky than JFRDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JANVX | JFRDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.93% | 8.02% | -2.09% |
Volatility (6M)Calculated over the trailing 6-month period | 13.45% | 14.97% | -1.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.31% | 18.76% | -1.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.02% | 22.23% | -1.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.89% | 22.12% | -1.23% |
JANVX vs. JFRDX - Expense Ratio Comparison
JANVX has a 0.78% expense ratio, which is higher than JFRDX's 0.63% expense ratio.
Dividends
JANVX vs. JFRDX - Dividend Comparison
JANVX's dividend yield for the trailing twelve months is around 4.81%, less than JFRDX's 12.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JANVX Janus Henderson Venture Fund | 4.81% | 5.48% | 14.11% | 5.22% | 4.42% | 12.59% | 5.46% | 3.86% | 10.26% | 5.32% | 1.76% | 4.58% |
JFRDX Janus Henderson Forty Fund Class D | 12.95% | 13.10% | 11.27% | 9.12% | 0.06% | 10.12% | 8.26% | 7.21% | 8.88% | 9.68% | 0.00% | 0.00% |
Frequently Asked Questions
JANVX and JFRDX have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JFRDX has higher volatility (8.02%) compared to JANVX (5.93%). In terms of maximum drawdown, JANVX dropped -86.48% vs JFRDX's -40.91%.
JANVX currently has the higher Sharpe Ratio (1.59 vs 0.82), 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.
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