JATAX vs. BOGSX

Last updated Jun 3, 2026

JATAX (Janus Henderson Global Technology and Innovation Fund Class A) and BOGSX (Black Oak Emerging Technology Fund) are both Technology Equities funds. Over the past 10 years, JATAX returned 24.29%/yr vs 17.60%/yr for BOGSX. Their correlation of 0.88 suggests significant overlap in exposure. JATAX charges 1.00%/yr vs 1.03%/yr for BOGSX.

Performance

JATAX vs. BOGSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Janus Henderson Global Technology and Innovation Fund Class A (JATAX) and Black Oak Emerging Technology Fund (BOGSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JATAX achieves a 33.81% return, which is significantly lower than BOGSX's 40.12% return. Over the past 10 years, JATAX has outperformed BOGSX with an annualized return of 24.29%, while BOGSX has yielded a comparatively lower 17.60% annualized return.

JATAX

• 1D: 3.11%
• 1M: 18.92%
• YTD: 33.81%
• 6M: 34.24%
• 1Y: 59.82%
• 3Y*: 36.36%
• 5Y*: 18.49%
• 10Y*: 24.29%

BOGSX

• 1D: 1.69%
• 1M: 13.07%
• YTD: 40.12%
• 6M: 41.23%
• 1Y: 61.25%
• 3Y*: 24.18%
• 5Y*: 13.16%
• 10Y*: 17.60%

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

JATAX vs. BOGSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JATAX Janus Henderson Global Technology and Innovation Fund Class A	33.81%	24.77%	32.09%	55.02%	-37.75%	17.31%	50.90%	45.36%	0.72%	44.47%
BOGSX Black Oak Emerging Technology Fund	40.12%	19.06%	9.25%	17.79%	-27.30%	26.89%	45.16%	38.20%	-4.94%	19.05%

Correlation

The correlation between JATAX and BOGSX is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.78
Correlation (3Y) Calculated over the trailing 3-year period	0.84
Correlation (5Y) Calculated over the trailing 5-year period	0.88
Correlation (10Y) Calculated over the trailing 10-year period	0.88
Correlation (All Time) Calculated using the full available price history since Jul 7, 2009	0.88

The correlation between JATAX and BOGSX shifts across timeframes, from 0.78 (1 year) to 0.88 (all time), reflecting how their relationship changes across market environments.

Return for Risk

JATAX vs. BOGSX — Risk / Return Rank

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

JATAX

JATAX Risk / Return Rank: 78
JATAX Sharpe Ratio Rank: 90
JATAX Sortino Ratio Rank: 76
JATAX Omega Ratio Rank: 74
JATAX Calmar Ratio Rank: 82
JATAX Martin Ratio Rank: 67

BOGSX

BOGSX Risk / Return Rank: 84
BOGSX Sharpe Ratio Rank: 89
BOGSX Sortino Ratio Rank: 75
BOGSX Omega Ratio Rank: 70
BOGSX Calmar Ratio Rank: 94
BOGSX Martin Ratio Rank: 92

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.

JATAX vs. BOGSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Global Technology and Innovation Fund Class A (JATAX) and Black Oak Emerging Technology Fund (BOGSX). 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.

	JATAX	BOGSX	Difference
Sharpe ratio Return per unit of total volatility	2.96	2.91	+0.05
Sortino ratio Return per unit of downside risk	3.64	3.63	+0.01
Omega ratio Gain probability vs. loss probability	1.49	1.47	+0.01
Calmar ratio Return relative to maximum drawdown	3.80	5.61	-1.81
Martin ratio Return relative to average drawdown	13.04	19.28	-6.25
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JATAX vs. BOGSX - Sharpe Ratio Comparison

The current JATAX Sharpe Ratio is 2.96, which is comparable to the BOGSX Sharpe Ratio of 2.91. The chart below compares the historical Sharpe Ratios of JATAX and BOGSX, 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

	JATAX	BOGSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.96	2.91	+0.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.70	0.52	+0.18
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.99	0.72	+0.27
Sharpe Ratio (All Time) Calculated using the full available price history	0.94	0.11	+0.83

Drawdowns

JATAX vs. BOGSX - Drawdown Comparison

The maximum JATAX drawdown since its inception was -46.55%, smaller than the maximum BOGSX drawdown of -92.80%. Use the drawdown chart below to compare losses from any high point for JATAX and BOGSX.

Drawdown Indicators

	JATAX	BOGSX	Difference
Max Drawdown Largest peak-to-trough decline	-46.55%	-92.80%	+46.25%
Max Drawdown (1Y) Largest decline over 1 year	-15.97%	-11.04%	-4.93%
Max Drawdown (3Y) Largest decline over 3 years	-23.96%	-24.78%	+0.82%
Max Drawdown (5Y) Largest decline over 5 years	-46.55%	-33.93%	-12.62%
Max Drawdown (10Y) Largest decline over 10 years	-46.55%	-33.93%	-12.62%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-6.78%	-58.97%	+52.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.65%	3.21%	+1.44%

Volatility

JATAX vs. BOGSX - Volatility Comparison

Janus Henderson Global Technology and Innovation Fund Class A (JATAX) and Black Oak Emerging Technology Fund (BOGSX) have volatilities of 6.74% and 6.56%, 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

	JATAX	BOGSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.74%	6.56%	+0.18%
Volatility (6M) Calculated over the trailing 6-month period	17.00%	16.63%	+0.37%
Volatility (1Y) Calculated over the trailing 1-year period	20.70%	21.41%	-0.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.43%	25.20%	+1.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.57%	24.60%	-0.03%

JATAX vs. BOGSX - Expense Ratio Comparison

JATAX has a 1.00% expense ratio, which is lower than BOGSX's 1.03% expense ratio.

Dividends

JATAX vs. BOGSX - Dividend Comparison

JATAX's dividend yield for the trailing twelve months is around 10.62%, more than BOGSX's 4.11% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BOGSX Black Oak Emerging Technology Fund	4.11%	5.76%	7.96%	3.79%	1.87%	11.31%	6.30%	5.47%	11.71%	7.71%	4.00%	3.09%
JATAX Janus Henderson Global Technology and Innovation Fund Class A	10.62%	14.21%	12.24%	0.80%	0.00%	16.47%	9.16%	9.08%	6.63%	7.63%	4.92%	7.87%

Frequently Asked Questions

Can I hold both JATAX and BOGSX in my portfolio?

JATAX and BOGSX have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JATAX or BOGSX?

JATAX has higher volatility (6.74%) compared to BOGSX (6.56%). In terms of maximum drawdown, JATAX dropped -46.55% vs BOGSX's -92.80%.

Which has better risk-adjusted returns?

JATAX currently has the higher Sharpe Ratio (2.96 vs 2.91), 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.