JANWX vs. JNGLX

Last updated Jun 25, 2026

JANWX (Janus Henderson Global Research Fund) and JNGLX (Janus Henderson Global Life Sciences Fund) are both mutual funds - JANWX is a Global Equities fund managed by Janus Henderson, while JNGLX is a Health & Biotech Equities fund managed by Janus Henderson. Over the past 10 years, JANWX returned 14.20%/yr vs 11.83%/yr for JNGLX. A 0.73 correlation means they provide meaningful diversification when combined. JANWX charges 0.75%/yr vs 0.80%/yr for JNGLX.

Performance

JANWX vs. JNGLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Janus Henderson Global Research Fund (JANWX) and Janus Henderson Global Life Sciences Fund (JNGLX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JANWX achieves a 7.11% return, which is significantly higher than JNGLX's 3.72% return. Over the past 10 years, JANWX has outperformed JNGLX with an annualized return of 14.20%, while JNGLX has yielded a comparatively lower 11.83% annualized return.

JANWX

• 1D: -1.71%
• 1M: 0.42%
• YTD: 7.11%
• 6M: 6.26%
• 1Y: 17.97%
• 3Y*: 21.12%
• 5Y*: 11.30%
• 10Y*: 14.20%

JNGLX

• 1D: 1.23%
• 1M: 3.86%
• YTD: 3.72%
• 6M: 2.71%
• 1Y: 33.05%
• 3Y*: 11.75%
• 5Y*: 7.57%
• 10Y*: 11.83%

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

JANWX vs. JNGLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JANWX Janus Henderson Global Research Fund	7.11%	20.79%	23.54%	26.78%	-19.56%	17.84%	20.20%	28.89%	-6.88%	26.87%
JNGLX Janus Henderson Global Life Sciences Fund	3.72%	24.84%	3.60%	7.51%	-2.69%	6.78%	25.66%	29.20%	4.17%	22.13%

Correlation

The correlation between JANWX and JNGLX is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.43
Correlation (3Y) Calculated over the trailing 3-year period	0.54
Correlation (5Y) Calculated over the trailing 5-year period	0.64
Correlation (10Y) Calculated over the trailing 10-year period	0.69
Correlation (All Time) Calculated using the full available price history since Feb 16, 2010	0.73

Over the past year, the correlation between JANWX and JNGLX has dropped to 0.43 - well below their long-term average of 0.73, suggesting their price drivers have been diverging.

Return for Risk

JANWX vs. JNGLX — Risk / Return Rank

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

JANWX

JANWX Risk / Return Rank: 32
JANWX Sharpe Ratio Rank: 32
JANWX Sortino Ratio Rank: 31
JANWX Omega Ratio Rank: 31
JANWX Calmar Ratio Rank: 29
JANWX Martin Ratio Rank: 40

JNGLX

JNGLX Risk / Return Rank: 73
JNGLX Sharpe Ratio Rank: 75
JNGLX Sortino Ratio Rank: 77
JNGLX Omega Ratio Rank: 64
JNGLX Calmar Ratio Rank: 83
JNGLX Martin Ratio Rank: 64

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. JNGLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Global Research Fund (JANWX) and Janus Henderson Global Life Sciences Fund (JNGLX). 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.

	JANWX	JNGLX	Difference
Sharpe ratio: Return per unit of total volatility	1.46	2.30	-0.84
Sortino ratio: Return per unit of downside risk	2.09	3.33	-1.25
Omega ratio: Gain probability vs. loss probability	1.27	1.40	-0.13
Calmar ratio: Return relative to maximum drawdown	1.83	3.63	-1.80
Martin ratio: Return relative to average drawdown	8.02	11.57	-3.55

JANWX vs. JNGLX - Sharpe Ratio Comparison

The current JANWX Sharpe Ratio is 1.46, which is lower than the JNGLX Sharpe Ratio of 2.30. The chart below compares the historical Sharpe Ratios of JANWX and JNGLX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

JANWX vs. JNGLX - Drawdown Comparison

The maximum JANWX drawdown since its inception was -34.78%, smaller than the maximum JNGLX drawdown of -59.00%. Use the drawdown chart below to compare losses from any high point for JANWX and JNGLX.

Drawdown Indicators

	JANWX	JNGLX	Difference
Max Drawdown Largest peak-to-trough decline	-34.78%	-59.00%	+24.22%
Max Drawdown (1Y) Largest decline over 1 year	-10.76%	-9.68%	-1.08%
Max Drawdown (3Y) Largest decline over 3 years	-17.24%	-21.17%	+3.93%
Max Drawdown (5Y) Largest decline over 5 years	-28.99%	-22.21%	-6.78%
Max Drawdown (10Y) Largest decline over 10 years	-34.78%	-27.37%	-7.41%
Current Drawdown Current decline from peak	-2.36%	0.00%	-2.36%
Average Drawdown Average peak-to-trough decline	-5.27%	-17.62%	+12.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.45%	3.03%	-0.58%

Volatility

JANWX vs. JNGLX - Volatility Comparison

Janus Henderson Global Research Fund (JANWX) and Janus Henderson Global Life Sciences Fund (JNGLX) have volatilities of 5.71% and 5.68%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JANWX	JNGLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.71%	5.68%	+0.03%
Volatility (6M) Calculated over the trailing 6-month period	11.14%	11.44%	-0.30%
Volatility (1Y) Calculated over the trailing 1-year period	13.46%	15.27%	-1.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.58%	15.94%	+1.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.97%	17.36%	+0.61%

JANWX vs. JNGLX - Expense Ratio Comparison

JANWX has a 0.75% expense ratio, which is lower than JNGLX's 0.80% expense ratio.

Dividends

JANWX vs. JNGLX - Dividend Comparison

JANWX's dividend yield for the trailing twelve months is around 7.55%, more than JNGLX's 4.40% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JANWX Janus Henderson Global Research Fund	7.55%	8.09%	8.33%	4.90%	4.56%	11.67%	3.75%	4.84%	6.93%	0.68%	0.83%	0.81%
JNGLX Janus Henderson Global Life Sciences Fund	4.40%	4.56%	5.84%	4.26%	0.25%	9.85%	7.80%	6.23%	13.32%	0.89%	0.30%	8.81%

Frequently Asked Questions

Can I hold both JANWX and JNGLX in my portfolio?

JANWX and JNGLX have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JANWX or JNGLX?

JANWX has higher volatility (5.71%) compared to JNGLX (5.68%). In terms of maximum drawdown, JANWX dropped -34.78% vs JNGLX's -59.00%.

Which has better risk-adjusted returns?

JNGLX currently has the higher Sharpe Ratio (2.30 vs 1.46), 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.