JATAX vs. SLMCX

Last updated Jun 25, 2026

JATAX (Janus Henderson Global Technology and Innovation Fund Class A) and SLMCX (Columbia Seligman Technology and Information Fund) are both Technology Equities funds. Over the past 10 years, JATAX returned 24.31%/yr vs 28.24%/yr for SLMCX. Their correlation of 0.91 suggests significant overlap in exposure. JATAX charges 1.00%/yr vs 1.17%/yr for SLMCX.

Performance

JATAX vs. SLMCX - 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 Columbia Seligman Technology and Information Fund (SLMCX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JATAX achieves a 29.48% return, which is significantly lower than SLMCX's 53.68% return. Over the past 10 years, JATAX has underperformed SLMCX with an annualized return of 24.31%, while SLMCX has yielded a comparatively higher 28.24% annualized return.

JATAX

• 1D: -4.74%
• 1M: 5.42%
• YTD: 29.48%
• 6M: 28.61%
• 1Y: 46.82%
• 3Y*: 34.72%
• 5Y*: 16.28%
• 10Y*: 24.31%

SLMCX

• 1D: -3.48%
• 1M: 4.60%
• YTD: 53.68%
• 6M: 50.82%
• 1Y: 107.41%
• 3Y*: 45.46%
• 5Y*: 24.95%
• 10Y*: 28.24%

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

JATAX vs. SLMCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JATAX Janus Henderson Global Technology and Innovation Fund Class A	29.48%	24.77%	32.09%	55.02%	-37.75%	17.31%	50.90%	45.36%	0.72%	44.47%
SLMCX Columbia Seligman Technology and Information Fund	53.68%	37.32%	26.67%	44.27%	-31.14%	38.97%	44.45%	54.15%	-8.12%	34.08%

Correlation

The correlation between JATAX and SLMCX is 0.82, 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	0.82
Correlation (3Y) Calculated over the trailing 3-year period	0.89
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (10Y) Calculated over the trailing 10-year period	0.90
Correlation (All Time) Calculated using the full available price history since Jul 6, 2009	0.91

The correlation between JATAX and SLMCX has been stable across timeframes, ranging from 0.82 to 0.91 - a consistent structural relationship.

Return for Risk

JATAX vs. SLMCX — Risk / Return Rank

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

JATAX

JATAX Risk / Return Rank: 64
JATAX Sharpe Ratio Rank: 70
JATAX Sortino Ratio Rank: 54
JATAX Omega Ratio Rank: 60
JATAX Calmar Ratio Rank: 76
JATAX Martin Ratio Rank: 59

SLMCX

SLMCX Risk / Return Rank: 95
SLMCX Sharpe Ratio Rank: 99
SLMCX Sortino Ratio Rank: 93
SLMCX Omega Ratio Rank: 88
SLMCX Calmar Ratio Rank: 98
SLMCX Martin Ratio Rank: 98

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. SLMCX - 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 Columbia Seligman Technology and Information Fund (SLMCX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	JATAX	SLMCX	Difference
Sharpe ratio: Return per unit of total volatility	2.12	4.06	-1.94
Sortino ratio: Return per unit of downside risk	2.65	4.32	-1.68
Omega ratio: Gain probability vs. loss probability	1.37	1.58	-0.22
Calmar ratio: Return relative to maximum drawdown	3.14	9.22	-6.07
Martin ratio: Return relative to average drawdown	10.39	33.49	-23.10

JATAX vs. SLMCX - Sharpe Ratio Comparison

The current JATAX Sharpe Ratio is 2.12, which is lower than the SLMCX Sharpe Ratio of 4.06. The chart below compares the historical Sharpe Ratios of JATAX and SLMCX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

JATAX vs. SLMCX - Drawdown Comparison

The maximum JATAX drawdown since its inception was -46.55%, smaller than the maximum SLMCX drawdown of -68.10%. Use the drawdown chart below to compare losses from any high point for JATAX and SLMCX.

Drawdown Indicators

	JATAX	SLMCX	Difference
Max Drawdown Largest peak-to-trough decline	-46.55%	-68.10%	+21.55%
Max Drawdown (1Y) Largest decline over 1 year	-15.97%	-12.33%	-3.64%
Max Drawdown (3Y) Largest decline over 3 years	-23.96%	-29.13%	+5.17%
Max Drawdown (5Y) Largest decline over 5 years	-46.55%	-37.32%	-9.23%
Max Drawdown (10Y) Largest decline over 10 years	-46.55%	-37.32%	-9.23%
Current Drawdown Current decline from peak	-4.74%	-3.48%	-1.26%
Average Drawdown Average peak-to-trough decline	-6.77%	-12.98%	+6.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.82%	3.38%	+1.44%

Volatility

JATAX vs. SLMCX - Volatility Comparison

Janus Henderson Global Technology and Innovation Fund Class A (JATAX) has a higher volatility of 12.86% compared to Columbia Seligman Technology and Information Fund (SLMCX) at 12.01%. This indicates that JATAX's price experiences larger fluctuations and is considered to be riskier than SLMCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JATAX	SLMCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.86%	12.01%	+0.85%
Volatility (6M) Calculated over the trailing 6-month period	20.16%	21.88%	-1.72%
Volatility (1Y) Calculated over the trailing 1-year period	23.64%	28.00%	-4.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.91%	26.62%	+0.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.80%	26.28%	-1.48%

JATAX vs. SLMCX - Expense Ratio Comparison

JATAX has a 1.00% expense ratio, which is lower than SLMCX's 1.17% expense ratio.

Dividends

JATAX vs. SLMCX - Dividend Comparison

JATAX's dividend yield for the trailing twelve months is around 10.98%, more than SLMCX's 6.15% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JATAX Janus Henderson Global Technology and Innovation Fund Class A	10.98%	14.21%	12.24%	0.80%	0.00%	16.47%	9.16%	9.08%	6.63%	7.63%	4.92%	7.87%
SLMCX Columbia Seligman Technology and Information Fund	6.15%	9.45%	14.27%	5.16%	9.42%	11.75%	10.40%	11.44%	12.33%	11.15%	8.19%	10.79%

Frequently Asked Questions

Can I hold both JATAX and SLMCX in my portfolio?

JATAX and SLMCX have a correlation of 0.82, 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 SLMCX?

JATAX has higher volatility (12.86%) compared to SLMCX (12.01%). In terms of maximum drawdown, JATAX dropped -46.55% vs SLMCX's -68.10%.

Which has better risk-adjusted returns?

SLMCX currently has the higher Sharpe Ratio (4.06 vs 2.12), 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.