JANWX vs. IVV

Last updated Jun 4, 2026

JANWX (Janus Henderson Global Research Fund) and IVV (iShares Core S&P 500 ETF) are both funds - JANWX is a Global Equities fund managed by Janus Henderson, while IVV is a S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, JANWX returned 13.79%/yr vs 15.54%/yr for IVV. Their correlation of 0.94 suggests significant overlap in exposure. JANWX charges 0.75%/yr vs 0.03%/yr for IVV.

Performance

JANWX vs. IVV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Janus Henderson Global Research Fund (JANWX) and iShares Core S&P 500 ETF (IVV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JANWX achieves a 9.02% return, which is significantly lower than IVV's 10.85% return. Over the past 10 years, JANWX has underperformed IVV with an annualized return of 13.79%, while IVV has yielded a comparatively higher 15.54% annualized return.

JANWX

• 1D: 0.17%
• 1M: 5.13%
• YTD: 9.02%
• 6M: 9.75%
• 1Y: 22.01%
• 3Y*: 22.04%
• 5Y*: 12.27%
• 10Y*: 13.79%

IVV

• 1D: -0.76%
• 1M: 4.97%
• YTD: 10.85%
• 6M: 10.87%
• 1Y: 28.00%
• 3Y*: 22.43%
• 5Y*: 13.88%
• 10Y*: 15.54%

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

JANWX vs. IVV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JANWX Janus Henderson Global Research Fund	9.02%	20.79%	23.54%	26.78%	-19.56%	17.84%	20.20%	28.89%	-6.88%	26.87%
IVV iShares Core S&P 500 ETF	10.85%	17.85%	24.93%	26.31%	-18.16%	28.76%	18.40%	31.07%	-4.49%	21.75%

Correlation

The correlation between JANWX and IVV is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.95
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (10Y) Calculated over the trailing 10-year period	0.94
Correlation (All Time) Calculated using the full available price history since Feb 17, 2010	0.94

The correlation between JANWX and IVV has been stable across timeframes, ranging from 0.94 to 0.95 - a consistent structural relationship.

Return for Risk

JANWX vs. IVV — Risk / Return Rank

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

JANWX

JANWX Risk / Return Rank: 38
JANWX Sharpe Ratio Rank: 39
JANWX Sortino Ratio Rank: 38
JANWX Omega Ratio Rank: 38
JANWX Calmar Ratio Rank: 31
JANWX Martin Ratio Rank: 45

IVV

IVV Risk / Return Rank: 70
IVV Sharpe Ratio Rank: 71
IVV Sortino Ratio Rank: 70
IVV Omega Ratio Rank: 70
IVV Calmar Ratio Rank: 62
IVV Martin Ratio Rank: 75

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.

JANWX vs. IVV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Global Research Fund (JANWX) and iShares Core S&P 500 ETF (IVV). 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.

	JANWX	IVV	Difference
Sharpe ratio Return per unit of total volatility	1.82	2.39	-0.57
Sortino ratio Return per unit of downside risk	2.58	3.25	-0.67
Omega ratio Gain probability vs. loss probability	1.33	1.43	-0.11
Calmar ratio Return relative to maximum drawdown	2.11	3.17	-1.06
Martin ratio Return relative to average drawdown	9.42	14.71	-5.29
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JANWX vs. IVV - Sharpe Ratio Comparison

The current JANWX Sharpe Ratio is 1.82, which is comparable to the IVV Sharpe Ratio of 2.39. The chart below compares the historical Sharpe Ratios of JANWX and IVV, 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

	JANWX	IVV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.82	2.39	-0.57
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.71	0.83	-0.12
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.77	0.86	-0.09
Sharpe Ratio (All Time) Calculated using the full available price history	0.68	0.45	+0.23

Drawdowns

JANWX vs. IVV - Drawdown Comparison

The maximum JANWX drawdown since its inception was -34.78%, smaller than the maximum IVV drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for JANWX and IVV.

Drawdown Indicators

	JANWX	IVV	Difference
Max Drawdown Largest peak-to-trough decline	-34.78%	-55.25%	+20.47%
Max Drawdown (1Y) Largest decline over 1 year	-10.76%	-8.89%	-1.87%
Max Drawdown (3Y) Largest decline over 3 years	-17.24%	-18.75%	+1.51%
Max Drawdown (5Y) Largest decline over 5 years	-28.99%	-24.53%	-4.46%
Max Drawdown (10Y) Largest decline over 10 years	-34.78%	-33.90%	-0.88%
Current Drawdown Current decline from peak	0.00%	-0.76%	+0.76%
Average Drawdown Average peak-to-trough decline	-5.29%	-10.78%	+5.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.40%	1.91%	+0.49%

Volatility

JANWX vs. IVV - Volatility Comparison

Janus Henderson Global Research Fund (JANWX) has a higher volatility of 3.30% compared to iShares Core S&P 500 ETF (IVV) at 2.87%. This indicates that JANWX's price experiences larger fluctuations and is considered to be riskier than IVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JANWX	IVV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.30%	2.87%	+0.43%
Volatility (6M) Calculated over the trailing 6-month period	9.97%	8.90%	+1.07%
Volatility (1Y) Calculated over the trailing 1-year period	12.49%	11.80%	+0.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.44%	16.88%	+0.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.00%	18.05%	-0.05%

JANWX vs. IVV - Expense Ratio Comparison

JANWX has a 0.75% expense ratio, which is higher than IVV's 0.03% expense ratio.

Dividends

JANWX vs. IVV - Dividend Comparison

JANWX's dividend yield for the trailing twelve months is around 7.42%, more than IVV's 1.06% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IVV iShares Core S&P 500 ETF	1.06%	1.17%	1.30%	1.44%	1.66%	1.20%	1.57%	1.85%	2.21%	1.75%	2.01%	2.27%
JANWX Janus Henderson Global Research Fund	7.42%	8.09%	8.33%	4.90%	4.56%	11.67%	3.75%	4.84%	6.93%	0.68%	0.83%	0.81%

Frequently Asked Questions

Can I hold both JANWX and IVV in my portfolio?

With a correlation of 0.95, JANWX and IVV 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.

Which is riskier, JANWX or IVV?

JANWX has higher volatility (3.30%) compared to IVV (2.87%). In terms of maximum drawdown, JANWX dropped -34.78% vs IVV's -55.25%.

Which has better risk-adjusted returns?

IVV currently has the higher Sharpe Ratio (2.39 vs 1.82), 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.