JANVX vs. QQQM

Last updated Apr 2, 2026

Compare and contrast key facts about Janus Henderson Venture Fund (JANVX) and Invesco NASDAQ 100 ETF (QQQM).

JANVX is managed by Janus Henderson. It was launched on Apr 30, 1985. QQQM is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Oct 13, 2020.

Performance

JANVX vs. QQQM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Janus Henderson Venture Fund (JANVX) and Invesco NASDAQ 100 ETF (QQQM). The values are adjusted to include any dividend payments, if applicable.

JANVX vs. QQQM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
JANVX Janus Henderson Venture Fund	-2.77%	8.98%	22.16%	16.16%	-24.15%	7.45%	17.60%
QQQM Invesco NASDAQ 100 ETF	-4.75%	20.85%	25.68%	55.01%	-32.52%	27.45%	6.67%

Returns By Period

In the year-to-date period, JANVX achieves a -2.77% return, which is significantly higher than QQQM's -4.75% return.

JANVX

• 1D: 3.80%
• 1M: -5.09%
• YTD: -2.77%
• 6M: 0.80%
• 1Y: 16.19%
• 3Y*: 11.71%
• 5Y*: 3.44%
• 10Y*: 10.54%

QQQM

• 1D: 1.24%
• 1M: -3.78%
• YTD: -4.75%
• 6M: -2.87%
• 1Y: 24.28%
• 3Y*: 22.91%
• 5Y*: 13.24%
• 10Y*: —

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

JANVX vs. QQQM - Expense Ratio Comparison

JANVX has a 0.78% expense ratio, which is higher than QQQM's 0.15% expense ratio.

JANVX

Janus Henderson Venture Fund

QQQM

Invesco NASDAQ 100 ETF

Return for Risk

JANVX vs. QQQM — Risk / Return Rank

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

JANVX

JANVX Risk / Return Rank: 34
JANVX Sharpe Ratio Rank: 31
JANVX Sortino Ratio Rank: 34
JANVX Omega Ratio Rank: 27
JANVX Calmar Ratio Rank: 41
JANVX Martin Ratio Rank: 37

QQQM

QQQM Risk / Return Rank: 66
QQQM Sharpe Ratio Rank: 59
QQQM Sortino Ratio Rank: 63
QQQM Omega Ratio Rank: 63
QQQM Calmar Ratio Rank: 75
QQQM Martin Ratio Rank: 69

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.

JANVX vs. QQQM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Venture Fund (JANVX) and Invesco NASDAQ 100 ETF (QQQM). 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.

	JANVX	QQQM	Difference
Sharpe ratio Return per unit of total volatility	0.77	1.09	-0.32
Sortino ratio Return per unit of downside risk	1.22	1.68	-0.45
Omega ratio Gain probability vs. loss probability	1.16	1.24	-0.08
Calmar ratio Return relative to maximum drawdown	1.14	2.02	-0.88
Martin ratio Return relative to average drawdown	4.12	7.35	-3.22
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JANVX vs. QQQM - Sharpe Ratio Comparison

The current JANVX Sharpe Ratio is 0.77, which is comparable to the QQQM Sharpe Ratio of 1.09. The chart below compares the historical Sharpe Ratios of JANVX and QQQM, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	JANVX	QQQM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.77	1.09	-0.32
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.17	0.60	-0.43
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.51	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.28	0.64	-0.35

Correlation

The correlation between JANVX and QQQM is 0.75, 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

JANVX vs. QQQM - Dividend Comparison

JANVX's dividend yield for the trailing twelve months is around 5.64%, more than QQQM's 0.53% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JANVX Janus Henderson Venture Fund	5.64%	5.48%	14.11%	5.22%	4.42%	12.59%	5.46%	3.86%	10.26%	5.32%	1.76%	4.58%
QQQM Invesco NASDAQ 100 ETF	0.53%	0.50%	0.61%	0.65%	0.83%	0.40%	0.16%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

JANVX vs. QQQM - Drawdown Comparison

The maximum JANVX drawdown since its inception was -86.48%, which is greater than QQQM's maximum drawdown of -35.04%. Use the drawdown chart below to compare losses from any high point for JANVX and QQQM.

Drawdown Indicators

	JANVX	QQQM	Difference
Max Drawdown Largest peak-to-trough decline	-86.48%	-35.04%	-51.44%
Max Drawdown (1Y) Largest decline over 1 year	-12.90%	-12.55%	-0.35%
Max Drawdown (5Y) Largest decline over 5 years	-35.17%	-35.04%	-0.13%
Max Drawdown (10Y) Largest decline over 10 years	-36.81%	—	—
Current Drawdown Current decline from peak	-8.52%	-7.86%	-0.66%
Average Drawdown Average peak-to-trough decline	-31.04%	-8.47%	-22.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.56%	3.44%	+0.12%

Volatility

JANVX vs. QQQM - Volatility Comparison

Janus Henderson Venture Fund (JANVX) has a higher volatility of 7.21% compared to Invesco NASDAQ 100 ETF (QQQM) at 6.58%. This indicates that JANVX's price experiences larger fluctuations and is considered to be riskier than QQQM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JANVX	QQQM	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.21%	6.58%	+0.63%
Volatility (6M) Calculated over the trailing 6-month period	12.42%	12.79%	-0.37%
Volatility (1Y) Calculated over the trailing 1-year period	20.91%	22.45%	-1.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.83%	22.24%	-1.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.83%	22.26%	-1.43%