JATAX vs. JGLTX
JATAX (Janus Henderson Global Technology and Innovation Fund Class A) and JGLTX (Janus Henderson VIT Global Technology and Innovation Portfolio) are both Technology Equities funds from Janus Henderson. Over the past 10 years, JATAX returned 24.41%/yr vs 24.87%/yr for JGLTX. With a 1.00 correlation, they move nearly in lockstep. JATAX charges 1.00%/yr vs 0.72%/yr for JGLTX.
Performance
JATAX vs. JGLTX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with JATAX having a 35.10% return and JGLTX slightly higher at 35.13%. Both investments have delivered pretty close results over the past 10 years, with JATAX having a 24.41% annualized return and JGLTX not far ahead at 24.87%.
JATAX
- 1D
- 0.97%
- 1M
- 18.01%
- YTD
- 35.10%
- 6M
- 35.22%
- 1Y
- 60.05%
- 3Y*
- 36.80%
- 5Y*
- 19.07%
- 10Y*
- 24.41%
JGLTX
- 1D
- 0.97%
- 1M
- 18.11%
- YTD
- 35.13%
- 6M
- 35.19%
- 1Y
- 60.36%
- 3Y*
- 37.03%
- 5Y*
- 19.79%
- 10Y*
- 24.87%
JATAX vs. JGLTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JATAX Janus Henderson Global Technology and Innovation Fund Class A | 35.10% | 24.77% | 32.09% | 55.02% | -37.75% | 17.31% | 50.90% | 45.36% | 0.72% | 44.47% |
JGLTX Janus Henderson VIT Global Technology and Innovation Portfolio | 35.13% | 25.19% | 32.10% | 54.55% | -36.42% | 18.28% | 50.42% | 45.29% | 1.17% | 45.17% |
Correlation
The correlation between JATAX and JGLTX 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 JGLTX has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.
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Return for Risk
JATAX vs. JGLTX — Risk / Return Rank
JATAX
JGLTX
JATAX vs. JGLTX - 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 Henderson VIT Global Technology and Innovation Portfolio (JGLTX). 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 | JGLTX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.49 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.86 | 3.92 | -0.06 |
| Martin ratioReturn relative to average drawdown | 13.23 | 13.43 | -0.20 |
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 | JGLTX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.98 | 3.02 | -0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.73 | 0.76 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.00 | 1.02 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.94 | 0.36 | +0.58 |
Drawdowns
JATAX vs. JGLTX - Drawdown Comparison
The maximum JATAX drawdown since its inception was -46.55%, smaller than the maximum JGLTX drawdown of -81.78%. Use the drawdown chart below to compare losses from any high point for JATAX and JGLTX.
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Drawdown Indicators
| JATAX | JGLTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.55% | -81.78% | +35.23% |
Max Drawdown (1Y)Largest decline over 1 year | -15.97% | -15.81% | -0.16% |
Max Drawdown (3Y)Largest decline over 3 years | -23.96% | -23.72% | -0.24% |
Max Drawdown (5Y)Largest decline over 5 years | -46.55% | -45.18% | -1.37% |
Max Drawdown (10Y)Largest decline over 10 years | -46.55% | -45.18% | -1.37% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -6.78% | -36.60% | +29.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.65% | 4.60% | +0.05% |
Volatility
JATAX vs. JGLTX - Volatility Comparison
Janus Henderson Global Technology and Innovation Fund Class A (JATAX) and Janus Henderson VIT Global Technology and Innovation Portfolio (JGLTX) have volatilities of 6.74% and 6.73%, 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 | JGLTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.74% | 6.73% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 17.02% | 16.85% | +0.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.67% | 20.49% | +0.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.43% | 26.10% | +0.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.57% | 24.49% | +0.08% |
JATAX vs. JGLTX - Expense Ratio Comparison
JATAX has a 1.00% expense ratio, which is higher than JGLTX's 0.72% expense ratio.
Dividends
JATAX vs. JGLTX - Dividend Comparison
JATAX's dividend yield for the trailing twelve months is around 10.52%, more than JGLTX's 6.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JATAX Janus Henderson Global Technology and Innovation Fund Class A | 10.52% | 14.21% | 12.24% | 0.80% | 0.00% | 16.47% | 9.16% | 9.08% | 6.63% | 7.63% | 4.92% | 7.87% |
JGLTX Janus Henderson VIT Global Technology and Innovation Portfolio | 6.64% | 8.98% | 0.00% | 0.00% | 26.96% | 14.48% | 7.71% | 6.81% | 4.95% | 5.68% | 3.71% | 16.11% |
Frequently Asked Questions
With a correlation of 1.00, JATAX and JGLTX 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.
JATAX has higher volatility (6.74%) compared to JGLTX (6.73%). In terms of maximum drawdown, JATAX dropped -46.55% vs JGLTX's -81.78%.
JGLTX currently has the higher Sharpe Ratio (3.02 vs 2.98), 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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