JANWX vs. IVV
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
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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%
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.
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Return for Risk
JANWX vs. IVV — Risk / Return Rank
JANWX
IVV
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 ratioReturn per unit of total volatility | -0.57 | ||
| Sortino ratioReturn per unit of downside risk | -0.67 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.43 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.11 | 3.17 | -1.06 |
| Martin ratioReturn 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. | |||
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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.
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Drawdown Indicators
| JANWX | IVV | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 DrawdownCurrent decline from peak | 0.00% | -0.76% | +0.76% |
Average DrawdownAverage peak-to-trough decline | -5.29% | -10.78% | +5.49% |
Ulcer IndexDepth 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.
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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
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.
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%.
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.
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