JANVX vs. SPY
Compare and contrast key facts about Janus Henderson Venture Fund (JANVX) and State Street SPDR S&P 500 ETF (SPY).
JANVX is managed by Janus Henderson. It was launched on Apr 30, 1985. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Performance
JANVX vs. SPY - Performance Comparison
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JANVX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JANVX Janus Henderson Venture Fund | -2.77% | 8.98% | 22.16% | 16.16% | -24.15% | 7.45% | 31.77% | 30.80% | -6.57% | 24.28% |
SPY State Street SPDR S&P 500 ETF | -3.65% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, JANVX achieves a -2.77% return, which is significantly higher than SPY's -3.65% return. Over the past 10 years, JANVX has underperformed SPY with an annualized return of 10.54%, while SPY has yielded a comparatively higher 14.06% annualized 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%
SPY
- 1D
- 0.75%
- 1M
- -4.28%
- YTD
- -3.65%
- 6M
- -1.42%
- 1Y
- 18.14%
- 3Y*
- 18.48%
- 5Y*
- 11.86%
- 10Y*
- 14.06%
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JANVX vs. SPY - Expense Ratio Comparison
JANVX has a 0.78% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
JANVX vs. SPY — Risk / Return Rank
JANVX
SPY
JANVX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Venture Fund (JANVX) and State Street SPDR S&P 500 ETF (SPY). 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 | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.77 | 0.96 | -0.19 |
Sortino ratioReturn per unit of downside risk | 1.22 | 1.49 | -0.27 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.23 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.14 | 1.53 | -0.40 |
Martin ratioReturn relative to average drawdown | 4.12 | 7.27 | -3.14 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| JANVX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.77 | 0.96 | -0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.17 | 0.70 | -0.53 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | 0.79 | -0.28 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 0.56 | -0.28 |
Correlation
The correlation between JANVX and SPY is 0.78, 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. SPY - Dividend Comparison
JANVX's dividend yield for the trailing twelve months is around 5.64%, more than SPY's 1.13% 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% |
SPY State Street SPDR S&P 500 ETF | 1.13% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
JANVX vs. SPY - Drawdown Comparison
The maximum JANVX drawdown since its inception was -86.48%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for JANVX and SPY.
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Drawdown Indicators
| JANVX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.48% | -55.19% | -31.29% |
Max Drawdown (1Y)Largest decline over 1 year | -12.90% | -12.05% | -0.85% |
Max Drawdown (5Y)Largest decline over 5 years | -35.17% | -24.50% | -10.67% |
Max Drawdown (10Y)Largest decline over 10 years | -36.81% | -33.72% | -3.09% |
Current DrawdownCurrent decline from peak | -8.52% | -5.53% | -2.99% |
Average DrawdownAverage peak-to-trough decline | -31.04% | -9.09% | -21.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.56% | 2.54% | +1.02% |
Volatility
JANVX vs. SPY - Volatility Comparison
Janus Henderson Venture Fund (JANVX) has a higher volatility of 7.21% compared to State Street SPDR S&P 500 ETF (SPY) at 5.35%. This indicates that JANVX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JANVX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.21% | 5.35% | +1.86% |
Volatility (6M)Calculated over the trailing 6-month period | 12.42% | 9.50% | +2.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.91% | 19.06% | +1.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.83% | 17.06% | +3.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.83% | 17.92% | +2.91% |