JATAX vs. JAGTX
JATAX (Janus Henderson Global Technology and Innovation Fund Class A) and JAGTX (Janus Global Technology and Innovation Fund) are both Technology Equities funds from Janus Henderson. JATAX is actively managed, while JAGTX is passively managed. Over the past 10 years, JATAX returned 24.29%/yr vs 25.69%/yr for JAGTX. With a 1.00 correlation, they move nearly in lockstep. JATAX charges 1.00%/yr vs 0.91%/yr for JAGTX.
Performance
JATAX vs. JAGTX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with JATAX having a 33.77% return and JAGTX slightly higher at 33.82%. Over the past 10 years, JATAX has underperformed JAGTX with an annualized return of 24.29%, while JAGTX has yielded a comparatively higher 25.69% annualized return.
JATAX
- 1D
- -0.98%
- 1M
- 15.97%
- YTD
- 33.77%
- 6M
- 33.63%
- 1Y
- 57.02%
- 3Y*
- 36.35%
- 5Y*
- 18.48%
- 10Y*
- 24.29%
JAGTX
- 1D
- -0.99%
- 1M
- 15.96%
- YTD
- 33.82%
- 6M
- 33.68%
- 1Y
- 57.13%
- 3Y*
- 41.39%
- 5Y*
- 21.13%
- 10Y*
- 25.69%
JATAX vs. JAGTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JATAX Janus Henderson Global Technology and Innovation Fund Class A | 33.77% | 24.77% | 32.09% | 55.02% | -37.75% | 17.31% | 50.90% | 45.36% | 0.72% | 44.47% |
JAGTX Janus Global Technology and Innovation Fund | 33.82% | 24.86% | 47.04% | 55.16% | -37.69% | 17.39% | 51.00% | 45.08% | 0.78% | 44.62% |
Correlation
The correlation between JATAX and JAGTX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 1.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 1.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 1.00 |
Correlation (10Y) Calculated over the trailing 10-year period | 1.00 |
Correlation (All Time) Calculated using the full available price history since Jul 7, 2009 | 1.00 |
The correlation between JATAX and JAGTX has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.
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Return for Risk
JATAX vs. JAGTX — Risk / Return Rank
JATAX
JAGTX
JATAX vs. JAGTX - 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 Janus Global Technology and Innovation Fund (JAGTX). 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 | JAGTX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.47 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.68 | 3.69 | -0.01 |
| Martin ratioReturn relative to average drawdown | 12.61 | 12.64 | -0.04 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| JATAX | JAGTX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.84 | 2.85 | -0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.70 | 0.79 | -0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.99 | 1.04 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.94 | 0.51 | +0.43 |
Drawdowns
JATAX vs. JAGTX - Drawdown Comparison
The maximum JATAX drawdown since its inception was -46.55%, smaller than the maximum JAGTX drawdown of -84.57%. Use the drawdown chart below to compare losses from any high point for JATAX and JAGTX.
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Drawdown Indicators
| JATAX | JAGTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.55% | -84.57% | +38.02% |
Max Drawdown (1Y)Largest decline over 1 year | -15.97% | -15.95% | -0.02% |
Max Drawdown (3Y)Largest decline over 3 years | -23.96% | -23.94% | -0.02% |
Max Drawdown (5Y)Largest decline over 5 years | -46.55% | -46.52% | -0.03% |
Max Drawdown (10Y)Largest decline over 10 years | -46.55% | -46.52% | -0.03% |
Current DrawdownCurrent decline from peak | -0.98% | -0.99% | +0.01% |
Average DrawdownAverage peak-to-trough decline | -6.77% | -39.82% | +33.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.65% | 4.65% | 0.00% |
Volatility
JATAX vs. JAGTX - Volatility Comparison
Janus Henderson Global Technology and Innovation Fund Class A (JATAX) and Janus Global Technology and Innovation Fund (JAGTX) have volatilities of 6.92% and 6.92%, 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.
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Volatility by Period
| JATAX | JAGTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.92% | 6.92% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 17.05% | 17.04% | +0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.70% | 20.70% | 0.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.42% | 26.82% | -0.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.57% | 24.78% | -0.21% |
JATAX vs. JAGTX - Expense Ratio Comparison
JATAX has a 1.00% expense ratio, which is higher than JAGTX's 0.91% expense ratio.
Dividends
JATAX vs. JAGTX - Dividend Comparison
JATAX's dividend yield for the trailing twelve months is around 10.63%, more than JAGTX's 10.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JAGTX Janus Global Technology and Innovation Fund | 10.23% | 13.69% | 23.66% | 0.78% | 0.00% | 16.05% | 9.00% | 8.62% | 6.56% | 7.50% | 4.85% | 8.12% |
JATAX Janus Henderson Global Technology and Innovation Fund Class A | 10.63% | 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
With a correlation of 1.00, JATAX and JAGTX 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.
JAGTX has higher volatility (6.92%) compared to JATAX (6.92%). In terms of maximum drawdown, JATAX dropped -46.55% vs JAGTX's -84.57%.
JAGTX currently has the higher Sharpe Ratio (2.85 vs 2.84), 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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