JANVX vs. VBK
JANVX (Janus Henderson Venture Fund) and VBK (Vanguard Small-Cap Growth ETF) are both Small Cap Growth Equities funds. Over the past 10 years, JANVX returned 12.23%/yr vs 12.54%/yr for VBK. Their correlation of 0.95 suggests significant overlap in exposure. JANVX charges 0.78%/yr vs 0.05%/yr for VBK.
Performance
JANVX vs. VBK - Performance Comparison
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Returns By Period
In the year-to-date period, JANVX achieves a 15.01% return, which is significantly lower than VBK's 18.58% return. Both investments have delivered pretty close results over the past 10 years, with JANVX having a 12.23% annualized return and VBK not far ahead at 12.54%.
JANVX
- 1D
- 0.88%
- 1M
- 3.13%
- YTD
- 15.01%
- 6M
- 12.40%
- 1Y
- 28.23%
- 3Y*
- 18.11%
- 5Y*
- 6.23%
- 10Y*
- 12.23%
VBK
- 1D
- 0.97%
- 1M
- 1.44%
- YTD
- 18.58%
- 6M
- 15.61%
- 1Y
- 32.21%
- 3Y*
- 18.18%
- 5Y*
- 4.81%
- 10Y*
- 12.54%
JANVX vs. VBK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JANVX Janus Henderson Venture Fund | 15.01% | 8.98% | 22.16% | 16.16% | -24.15% | 7.45% | 31.77% | 30.80% | -6.57% | 24.28% |
VBK Vanguard Small-Cap Growth ETF | 18.58% | 8.50% | 16.50% | 21.45% | -28.44% | 5.66% | 35.44% | 32.75% | -5.70% | 21.87% |
Correlation
The correlation between JANVX and VBK is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Jan 30, 2004 | 0.95 |
The correlation between JANVX and VBK has been stable across timeframes, ranging from 0.91 to 0.95 - a consistent structural relationship.
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Return for Risk
JANVX vs. VBK — Risk / Return Rank
JANVX
VBK
JANVX vs. VBK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Venture Fund (JANVX) and Vanguard Small-Cap Growth ETF (VBK). 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 | VBK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.27 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.27 | 2.83 | -0.56 |
| Martin ratioReturn relative to average drawdown | 8.29 | 10.59 | -2.30 |
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Drawdowns
JANVX vs. VBK - Drawdown Comparison
The maximum JANVX drawdown since its inception was -86.48%, which is greater than VBK's maximum drawdown of -58.68%. Use the drawdown chart below to compare losses from any high point for JANVX and VBK.
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Drawdown Indicators
| JANVX | VBK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.48% | -58.68% | -27.80% |
Max Drawdown (1Y)Largest decline over 1 year | -11.87% | -11.44% | -0.43% |
Max Drawdown (3Y)Largest decline over 3 years | -23.88% | -27.54% | +3.66% |
Max Drawdown (5Y)Largest decline over 5 years | -35.17% | -38.39% | +3.22% |
Max Drawdown (10Y)Largest decline over 10 years | -36.81% | -38.70% | +1.89% |
Current DrawdownCurrent decline from peak | -0.32% | -0.08% | -0.24% |
Average DrawdownAverage peak-to-trough decline | -30.87% | -10.13% | -20.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.25% | 3.05% | +0.20% |
Volatility
JANVX vs. VBK - Volatility Comparison
The current volatility for Janus Henderson Venture Fund (JANVX) is 5.95%, while Vanguard Small-Cap Growth ETF (VBK) has a volatility of 6.97%. This indicates that JANVX experiences smaller price fluctuations and is considered to be less risky than VBK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JANVX | VBK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.95% | 6.97% | -1.02% |
Volatility (6M)Calculated over the trailing 6-month period | 13.44% | 15.52% | -2.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.29% | 20.07% | -2.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.02% | 23.63% | -2.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.89% | 22.91% | -2.02% |
JANVX vs. VBK - Expense Ratio Comparison
JANVX has a 0.78% expense ratio, which is higher than VBK's 0.05% expense ratio.
Dividends
JANVX vs. VBK - Dividend Comparison
JANVX's dividend yield for the trailing twelve months is around 4.77%, more than VBK's 0.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JANVX Janus Henderson Venture Fund | 4.77% | 5.48% | 14.11% | 5.22% | 4.42% | 12.59% | 5.46% | 3.86% | 10.26% | 5.32% | 1.76% | 4.58% |
VBK Vanguard Small-Cap Growth ETF | 0.44% | 0.54% | 0.54% | 0.68% | 0.55% | 0.36% | 0.44% | 0.57% | 0.79% | 0.82% | 1.08% | 0.98% |
Frequently Asked Questions
With a correlation of 0.91, JANVX and VBK move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
VBK has higher volatility (6.97%) compared to JANVX (5.95%). In terms of maximum drawdown, JANVX dropped -86.48% vs VBK's -58.68%.
VBK currently has the higher Sharpe Ratio (1.62 vs 1.56), 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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