JANWX vs. VOO
JANWX (Janus Henderson Global Research Fund) and VOO (Vanguard S&P 500 ETF) are both funds - JANWX is a Global Equities fund managed by Janus Henderson, while VOO is a S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, JANWX returned 13.71%/yr vs 15.37%/yr for VOO. Their correlation of 0.94 means they have usually moved in the same direction. JANWX charges 0.75%/yr vs 0.03%/yr for VOO.
Performance
JANWX vs. VOO - Performance Comparison
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Returns By Period
In the year-to-date period, JANWX achieves a 11.00% return, which is significantly lower than VOO's 13.74% return. Over the past 10 years, JANWX has underperformed VOO with an annualized return of 13.71%, while VOO has yielded a comparatively higher 15.37% annualized return.
JANWX
- 1D
- 1.47%
- 1M
- 1.86%
- 6M
- 9.44%
- YTD
- 11.00%
- 1Y
- 16.93%
- 3Y*
- 21.23%
- 5Y*
- 11.76%
- 10Y*
- 13.71%
- ALL TIME*
- 12.03%
VOO
- 1D
- 1.81%
- 1M
- 3.52%
- 6M
- 12.48%
- YTD
- 13.74%
- 1Y
- 23.65%
- 3Y*
- 21.57%
- 5Y*
- 13.38%
- 10Y*
- 15.37%
- ALL TIME*
- 15.00%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $4.15B | $3.84B | $5.49B |
JANWX vs. VOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JANWX Janus Henderson Global Research Fund | 11.00% | 20.79% | 23.54% | 26.78% | -19.56% | 17.84% | 20.20% | 28.89% | -6.88% | 26.87% |
VOO Vanguard S&P 500 ETF | 13.74% | 17.82% | 24.98% | 26.32% | -18.17% | 28.79% | 18.32% | 31.37% | -4.50% | 21.77% |
Correlation
The correlation between JANWX and VOO is 0.95 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.95 |
Correlation (3Y) Balances recent behavior with more history. | 0.94 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.95 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.94 |
Correlation (All Time) Calculated using the full available price history since Sep 9, 2010 | 0.94 |
The correlation between JANWX and VOO 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. VOO — Risk / Return Rank
JANWX
VOO
JANWX vs. VOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Global Research Fund (JANWX) and Vanguard S&P 500 ETF (VOO). 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 | VOO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.50 | ||
| Sortino ratioReturn per unit of downside risk | -0.59 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.33 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.75 | 2.67 | -0.92 |
| Martin ratioReturn relative to average drawdown | 7.55 | 11.40 | -3.85 |
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Drawdowns
JANWX vs. VOO - Drawdown Comparison
The maximum JANWX drawdown since its inception was -34.78%, roughly equal to the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for JANWX and VOO.
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Drawdown Indicators
| JANWX | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.78% | -33.99% | -0.79% |
Max Drawdown (1Y)Largest decline over 1 year | -10.76% | -8.90% | -1.86% |
Max Drawdown (3Y)Largest decline over 3 years | -17.24% | -18.69% | +1.45% |
Max Drawdown (5Y)Largest decline over 5 years | -28.99% | -24.52% | -4.47% |
Max Drawdown (10Y)Largest decline over 10 years | -34.78% | -33.99% | -0.79% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -5.24% | -3.67% | -1.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.49% | 2.08% | +0.41% |
Volatility
JANWX vs. VOO - Volatility Comparison
Janus Henderson Global Research Fund (JANWX) has a higher volatility of 4.49% compared to Vanguard S&P 500 ETF (VOO) at 4.11%. This indicates that JANWX's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JANWX | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.49% | 4.11% | +0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 11.71% | 10.31% | +1.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.97% | 12.89% | +1.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.63% | 16.96% | +0.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.96% | 18.03% | -0.07% |
JANWX vs. VOO - Expense Ratio Comparison
JANWX has a 0.75% expense ratio, which is higher than VOO's 0.03% expense ratio.
Dividends
JANWX vs. VOO - Dividend Comparison
JANWX's dividend yield for the trailing twelve months is around 7.29%, more than VOO's 1.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JANWX Janus Henderson Global Research Fund | 7.29% | 8.09% | 8.33% | 4.90% | 4.56% | 11.67% | 3.75% | 4.84% | 6.93% | 0.68% | 0.83% | 0.81% |
VOO Vanguard S&P 500 ETF | 1.04% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
Frequently Asked Questions
With a correlation of 0.95, JANWX and VOO 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 (4.49%) compared to VOO (4.11%). In terms of maximum drawdown, JANWX dropped -34.78% vs VOO's -33.99%.
VOO currently has the higher Sharpe Ratio (1.86 vs 1.35), 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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