JANVX vs. VGIAX

Last updated Jun 4, 2026

JANVX (Janus Henderson Venture Fund) and VGIAX (Vanguard Growth and Income Fund Admiral Shares) are both mutual funds - JANVX is a Small Cap Growth Equities fund managed by Janus Henderson, while VGIAX is a Large Cap Blend Equities fund managed by Vanguard. Over the past 10 years, JANVX returned 11.44%/yr vs 15.41%/yr for VGIAX. Their correlation of 0.84 suggests significant overlap in exposure. JANVX charges 0.78%/yr vs 0.22%/yr for VGIAX.

Performance

JANVX vs. VGIAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Janus Henderson Venture Fund (JANVX) and Vanguard Growth and Income Fund Admiral Shares (VGIAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with JANVX having a 10.53% return and VGIAX slightly lower at 10.47%. Over the past 10 years, JANVX has underperformed VGIAX with an annualized return of 11.44%, while VGIAX has yielded a comparatively higher 15.41% annualized return.

JANVX

• 1D: -0.25%
• 1M: 2.42%
• YTD: 10.53%
• 6M: 10.57%
• 1Y: 24.95%
• 3Y*: 16.70%
• 5Y*: 6.39%
• 10Y*: 11.44%

VGIAX

• 1D: 0.06%
• 1M: 5.79%
• YTD: 10.47%
• 6M: 10.77%
• 1Y: 28.81%
• 3Y*: 23.19%
• 5Y*: 14.27%
• 10Y*: 15.41%

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

JANVX vs. VGIAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JANVX Janus Henderson Venture Fund	10.53%	8.98%	22.16%	16.16%	-24.15%	7.45%	31.77%	30.80%	-6.57%	24.28%
VGIAX Vanguard Growth and Income Fund Admiral Shares	10.47%	19.26%	25.84%	24.83%	-17.18%	28.86%	18.04%	29.77%	-4.61%	19.87%

Correlation

The correlation between JANVX and VGIAX is 0.79, 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	0.79
Correlation (3Y) Calculated over the trailing 3-year period	0.79
Correlation (5Y) Calculated over the trailing 5-year period	0.83
Correlation (10Y) Calculated over the trailing 10-year period	0.84
Correlation (All Time) Calculated using the full available price history since May 15, 2001	0.84

The correlation between JANVX and VGIAX has been stable across timeframes, ranging from 0.79 to 0.84 - a consistent structural relationship.

Return for Risk

JANVX vs. VGIAX — Risk / Return Rank

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

JANVX

JANVX Risk / Return Rank: 32
JANVX Sharpe Ratio Rank: 31
JANVX Sortino Ratio Rank: 31
JANVX Omega Ratio Rank: 27
JANVX Calmar Ratio Rank: 35
JANVX Martin Ratio Rank: 37

VGIAX

VGIAX Risk / Return Rank: 63
VGIAX Sharpe Ratio Rank: 65
VGIAX Sortino Ratio Rank: 57
VGIAX Omega Ratio Rank: 57
VGIAX Calmar Ratio Rank: 63
VGIAX Martin Ratio Rank: 72

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. VGIAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Venture Fund (JANVX) and Vanguard Growth and Income Fund Admiral Shares (VGIAX). 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	VGIAX	Difference
Sharpe ratio: Return per unit of total volatility	1.59	2.37	-0.77
Sortino ratio: Return per unit of downside risk	2.31	3.20	-0.89
Omega ratio: Gain probability vs. loss probability	1.27	1.42	-0.15
Calmar ratio: Return relative to maximum drawdown	2.23	3.05	-0.82
Martin ratio: Return relative to average drawdown	8.15	13.76	-5.62
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. VGIAX - Sharpe Ratio Comparison

The current JANVX Sharpe Ratio is 1.59, which is lower than the VGIAX Sharpe Ratio of 2.37. The chart below compares the historical Sharpe Ratios of JANVX and VGIAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	JANVX	VGIAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.59	2.37	-0.77
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.31	0.84	-0.53
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.55	0.85	-0.30
Sharpe Ratio (All Time) Calculated using the full available price history	0.30	0.48	-0.18

Drawdowns

JANVX vs. VGIAX - Drawdown Comparison

The maximum JANVX drawdown since its inception was -86.48%, which is greater than VGIAX's maximum drawdown of -56.85%. Use the drawdown chart below to compare losses from any high point for JANVX and VGIAX.

Drawdown Indicators

	JANVX	VGIAX	Difference
Max Drawdown Largest peak-to-trough decline	-86.48%	-56.85%	-29.63%
Max Drawdown (1Y) Largest decline over 1 year	-11.87%	-9.73%	-2.14%
Max Drawdown (3Y) Largest decline over 3 years	-23.88%	-19.66%	-4.22%
Max Drawdown (5Y) Largest decline over 5 years	-35.17%	-23.30%	-11.87%
Max Drawdown (10Y) Largest decline over 10 years	-36.81%	-34.33%	-2.48%
Current Drawdown Current decline from peak	-0.89%	0.00%	-0.89%
Average Drawdown Average peak-to-trough decline	-30.92%	-9.34%	-21.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.24%	2.15%	+1.09%

Volatility

JANVX vs. VGIAX - Volatility Comparison

Janus Henderson Venture Fund (JANVX) has a higher volatility of 5.05% compared to Vanguard Growth and Income Fund Admiral Shares (VGIAX) at 3.03%. This indicates that JANVX's price experiences larger fluctuations and is considered to be riskier than VGIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JANVX	VGIAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.05%	3.03%	+2.02%
Volatility (6M) Calculated over the trailing 6-month period	12.64%	9.47%	+3.17%
Volatility (1Y) Calculated over the trailing 1-year period	16.61%	12.54%	+4.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.90%	17.11%	+3.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.88%	18.21%	+2.67%

JANVX vs. VGIAX - Expense Ratio Comparison

JANVX has a 0.78% expense ratio, which is higher than VGIAX's 0.22% expense ratio.

Dividends

JANVX vs. VGIAX - Dividend Comparison

JANVX's dividend yield for the trailing twelve months is around 4.96%, less than VGIAX's 9.71% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JANVX Janus Henderson Venture Fund	4.96%	5.48%	14.11%	5.22%	4.42%	12.59%	5.46%	3.86%	10.26%	5.32%	1.76%	4.58%
VGIAX Vanguard Growth and Income Fund Admiral Shares	9.71%	10.72%	11.67%	8.70%	9.81%	15.28%	6.63%	4.19%	8.05%	5.06%	7.01%	7.72%

Frequently Asked Questions

Can I hold both JANVX and VGIAX in my portfolio?

JANVX and VGIAX have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JANVX or VGIAX?

JANVX has higher volatility (5.05%) compared to VGIAX (3.03%). In terms of maximum drawdown, JANVX dropped -86.48% vs VGIAX's -56.85%.

Which has better risk-adjusted returns?

VGIAX currently has the higher Sharpe Ratio (2.37 vs 1.59), 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.