JARTX vs. JANBX

Last updated Jun 4, 2026

JARTX (Janus Henderson Forty Fund) and JANBX (Janus Henderson Balanced Fund) are both mutual funds - JARTX is a Large Cap Growth Equities fund managed by Janus Henderson, while JANBX is a Diversified Portfolio fund managed by Janus Henderson. Over the past 10 years, JARTX returned 16.50%/yr vs 10.35%/yr for JANBX. Their correlation of 0.89 suggests significant overlap in exposure. JARTX charges 1.20%/yr vs 0.70%/yr for JANBX.

Performance

JARTX vs. JANBX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Janus Henderson Forty Fund (JARTX) and Janus Henderson Balanced Fund (JANBX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JARTX achieves a 8.23% return, which is significantly higher than JANBX's 3.93% return. Over the past 10 years, JARTX has outperformed JANBX with an annualized return of 16.50%, while JANBX has yielded a comparatively lower 10.35% annualized return.

JARTX

• 1D: -0.52%
• 1M: 7.14%
• YTD: 8.23%
• 6M: 7.92%
• 1Y: 26.33%
• 3Y*: 22.99%
• 5Y*: 11.28%
• 10Y*: 16.50%

JANBX

• 1D: 0.00%
• 1M: 3.14%
• YTD: 3.93%
• 6M: 3.95%
• 1Y: 15.20%
• 3Y*: 14.03%
• 5Y*: 8.05%
• 10Y*: 10.35%

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

JARTX vs. JANBX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JARTX Janus Henderson Forty Fund	8.23%	17.88%	27.76%	39.50%	-33.81%	22.30%	38.69%	36.30%	1.10%	29.05%
JANBX Janus Henderson Balanced Fund	3.93%	14.99%	15.36%	15.38%	-16.60%	17.22%	14.34%	22.53%	0.64%	17.78%

Correlation

The correlation between JARTX and JANBX is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.88
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (5Y) Calculated over the trailing 5-year period	0.93
Correlation (10Y) Calculated over the trailing 10-year period	0.92
Correlation (All Time) Calculated using the full available price history since May 1, 1997	0.89

The correlation between JARTX and JANBX has been stable across timeframes, ranging from 0.88 to 0.93 - a consistent structural relationship.

Return for Risk

JARTX vs. JANBX — Risk / Return Rank

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

JARTX

JARTX Risk / Return Rank: 23
JARTX Sharpe Ratio Rank: 30
JARTX Sortino Ratio Rank: 27
JARTX Omega Ratio Rank: 27
JARTX Calmar Ratio Rank: 16
JARTX Martin Ratio Rank: 16

JANBX

JANBX Risk / Return Rank: 36
JANBX Sharpe Ratio Rank: 39
JANBX Sortino Ratio Rank: 38
JANBX Omega Ratio Rank: 37
JANBX Calmar Ratio Rank: 27
JANBX Martin Ratio Rank: 38

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. JANBX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Forty Fund (JARTX) and Janus Henderson Balanced Fund (JANBX). 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	JANBX	Difference
Sharpe ratio: Return per unit of total volatility	1.56	1.80	-0.24
Sortino ratio: Return per unit of downside risk	2.14	2.59	-0.45
Omega ratio: Gain probability vs. loss probability	1.27	1.33	-0.05
Calmar ratio: Return relative to maximum drawdown	1.42	1.93	-0.51
Martin ratio: Return relative to average drawdown	4.62	8.33	-3.71
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. JANBX - Sharpe Ratio Comparison

The current JARTX Sharpe Ratio is 1.56, which is comparable to the JANBX Sharpe Ratio of 1.80. The chart below compares the historical Sharpe Ratios of JARTX and JANBX, 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

	JARTX	JANBX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.56	1.80	-0.24
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.52	0.72	-0.21
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.77	0.93	-0.16
Sharpe Ratio (All Time) Calculated using the full available price history	0.59	0.68	-0.09

Drawdowns

JARTX vs. JANBX - Drawdown Comparison

The maximum JARTX drawdown since its inception was -56.70%, which is greater than JANBX's maximum drawdown of -31.70%. Use the drawdown chart below to compare losses from any high point for JARTX and JANBX.

Drawdown Indicators

	JARTX	JANBX	Difference
Max Drawdown Largest peak-to-trough decline	-56.70%	-31.70%	-25.00%
Max Drawdown (1Y) Largest decline over 1 year	-19.19%	-8.13%	-11.06%
Max Drawdown (3Y) Largest decline over 3 years	-22.22%	-11.91%	-10.31%
Max Drawdown (5Y) Largest decline over 5 years	-41.09%	-21.52%	-19.57%
Max Drawdown (10Y) Largest decline over 10 years	-41.09%	-22.49%	-18.60%
Current Drawdown Current decline from peak	-0.52%	0.00%	-0.52%
Average Drawdown Average peak-to-trough decline	-16.84%	-6.64%	-10.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.88%	1.88%	+4.00%

Volatility

JARTX vs. JANBX - Volatility Comparison

Janus Henderson Forty Fund (JARTX) has a higher volatility of 4.46% compared to Janus Henderson Balanced Fund (JANBX) at 2.45%. This indicates that JARTX's price experiences larger fluctuations and is considered to be riskier than JANBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JARTX	JANBX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.46%	2.45%	+2.01%
Volatility (6M) Calculated over the trailing 6-month period	13.43%	6.91%	+6.52%
Volatility (1Y) Calculated over the trailing 1-year period	17.41%	8.69%	+8.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.99%	11.19%	+10.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.45%	11.16%	+10.29%

JARTX vs. JANBX - Expense Ratio Comparison

JARTX has a 1.20% expense ratio, which is higher than JANBX's 0.70% expense ratio.

Dividends

JARTX vs. JANBX - Dividend Comparison

JARTX's dividend yield for the trailing twelve months is around 12.61%, more than JANBX's 8.50% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JANBX Janus Henderson Balanced Fund	8.50%	8.78%	6.96%	2.25%	1.95%	4.50%	2.49%	2.85%	7.06%	4.65%	2.55%	5.81%
JARTX Janus Henderson Forty Fund	12.61%	13.65%	11.51%	9.10%	0.06%	10.26%	8.38%	7.05%	8.95%	14.50%	6.57%	15.93%

Frequently Asked Questions

Can I hold both JARTX and JANBX in my portfolio?

JARTX and JANBX have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JARTX or JANBX?

JARTX has higher volatility (4.46%) compared to JANBX (2.45%). In terms of maximum drawdown, JARTX dropped -56.70% vs JANBX's -31.70%.

Which has better risk-adjusted returns?

JANBX currently has the higher Sharpe Ratio (1.80 vs 1.56), 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.