JARTX vs. APGAX

Last updated Apr 1, 2026

Compare and contrast key facts about Janus Henderson Forty Fund (JARTX) and AB Large Cap Growth Fund Class A (APGAX).

JARTX is managed by Janus Henderson. It was launched on May 1, 1997. APGAX is managed by AllianceBernstein. It was launched on Oct 1, 1996.

Performance

JARTX vs. APGAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Janus Henderson Forty Fund (JARTX) and AB Large Cap Growth Fund Class A (APGAX). The values are adjusted to include any dividend payments, if applicable.

JARTX vs. APGAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JARTX Janus Henderson Forty Fund	-16.07%	17.88%	27.76%	39.50%	-33.81%	22.30%	38.69%	36.30%	1.10%	29.05%
APGAX AB Large Cap Growth Fund Class A	-12.84%	12.96%	25.09%	34.66%	-28.96%	28.60%	34.05%	33.77%	1.97%	31.36%

Returns By Period

In the year-to-date period, JARTX achieves a -16.07% return, which is significantly lower than APGAX's -12.84% return. Both investments have delivered pretty close results over the past 10 years, with JARTX having a 13.90% annualized return and APGAX not far ahead at 14.15%.

JARTX

• 1D: -0.49%
• 1M: -8.91%
• YTD: -16.07%
• 6M: -15.92%
• 1Y: 8.52%
• 3Y*: 15.66%
• 5Y*: 7.00%
• 10Y*: 13.90%

APGAX

• 1D: -0.11%
• 1M: -10.13%
• YTD: -12.84%
• 6M: -12.69%
• 1Y: 7.50%
• 3Y*: 14.10%
• 5Y*: 8.44%
• 10Y*: 14.15%

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

JARTX vs. APGAX - Expense Ratio Comparison

JARTX has a 1.20% expense ratio, which is higher than APGAX's 0.84% expense ratio.

JARTX

Janus Henderson Forty Fund

APGAX

AB Large Cap Growth Fund Class A

Return for Risk

JARTX vs. APGAX — Risk / Return Rank

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

JARTX

JARTX Risk / Return Rank: 13
JARTX Sharpe Ratio Rank: 14
JARTX Sortino Ratio Rank: 15
JARTX Omega Ratio Rank: 14
JARTX Calmar Ratio Rank: 11
JARTX Martin Ratio Rank: 11

APGAX

APGAX Risk / Return Rank: 15
APGAX Sharpe Ratio Rank: 15
APGAX Sortino Ratio Rank: 17
APGAX Omega Ratio Rank: 16
APGAX Calmar Ratio Rank: 13
APGAX Martin Ratio Rank: 14

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.

JARTX vs. APGAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Forty Fund (JARTX) and AB Large Cap Growth Fund Class A (APGAX). 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.

	JARTX	APGAX	Difference
Sharpe ratio Return per unit of total volatility	0.35	0.39	-0.04
Sortino ratio Return per unit of downside risk	0.66	0.71	-0.05
Omega ratio Gain probability vs. loss probability	1.09	1.10	-0.01
Calmar ratio Return relative to maximum drawdown	0.25	0.32	-0.07
Martin ratio Return relative to average drawdown	0.87	1.26	-0.39
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JARTX vs. APGAX - Sharpe Ratio Comparison

The current JARTX Sharpe Ratio is 0.35, which is comparable to the APGAX Sharpe Ratio of 0.39. The chart below compares the historical Sharpe Ratios of JARTX and APGAX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	JARTX	APGAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.35	0.39	-0.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.32	0.42	-0.10
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.65	0.72	-0.07
Sharpe Ratio (All Time) Calculated using the full available price history	0.55	0.51	+0.04

Correlation

The correlation between JARTX and APGAX is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

JARTX vs. APGAX - Dividend Comparison

JARTX's dividend yield for the trailing twelve months is around 16.27%, more than APGAX's 12.98% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JARTX Janus Henderson Forty Fund	16.27%	13.65%	11.51%	9.10%	0.06%	10.26%	8.38%	7.05%	8.95%	14.50%	6.57%	15.93%
APGAX AB Large Cap Growth Fund Class A	12.98%	11.31%	7.44%	1.75%	0.97%	8.04%	2.87%	3.66%	9.96%	4.09%	2.74%	9.23%

Drawdowns

JARTX vs. APGAX - Drawdown Comparison

The maximum JARTX drawdown since its inception was -56.70%, smaller than the maximum APGAX drawdown of -67.19%. Use the drawdown chart below to compare losses from any high point for JARTX and APGAX.

Drawdown Indicators

	JARTX	APGAX	Difference
Max Drawdown Largest peak-to-trough decline	-56.70%	-67.19%	+10.49%
Max Drawdown (1Y) Largest decline over 1 year	-19.19%	-15.33%	-3.86%
Max Drawdown (5Y) Largest decline over 5 years	-41.09%	-34.04%	-7.05%
Max Drawdown (10Y) Largest decline over 10 years	-41.09%	-34.04%	-7.05%
Current Drawdown Current decline from peak	-19.19%	-15.33%	-3.86%
Average Drawdown Average peak-to-trough decline	-16.91%	-19.51%	+2.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.53%	3.94%	+1.59%

Volatility

JARTX vs. APGAX - Volatility Comparison

Janus Henderson Forty Fund (JARTX) has a higher volatility of 6.14% compared to AB Large Cap Growth Fund Class A (APGAX) at 5.12%. This indicates that JARTX's price experiences larger fluctuations and is considered to be riskier than APGAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JARTX	APGAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.14%	5.12%	+1.02%
Volatility (6M) Calculated over the trailing 6-month period	13.00%	10.80%	+2.20%
Volatility (1Y) Calculated over the trailing 1-year period	22.54%	19.92%	+2.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.90%	20.13%	+1.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.33%	19.60%	+1.73%