JATAX vs. VITAX

Last updated Aug 5, 2026

JATAX (Janus Henderson Global Technology and Innovation Fund Class A) and VITAX (Vanguard Information Technology Index Fund Admiral Shares) are both Technology Equities funds. JATAX is actively managed, while VITAX is passively managed. Over the past 10 years, JATAX returned 22.19%/yr vs 24.00%/yr for VITAX. Their 0.95 correlation means they have historically moved very closely together. JATAX charges 1.00%/yr vs 0.09%/yr for VITAX.

Performance

JATAX vs. VITAX - 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 Vanguard Information Technology Index Fund Admiral Shares (VITAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

As of year-to-date, both investments have demonstrated similar returns, with JATAX at 22.50% and VITAX at 22.50%. Over the past 10 years, JATAX has underperformed VITAX with an annualized return of 22.19%, while VITAX has yielded a comparatively higher 24.00% annualized return.

JATAX

• 1D: 1.14%
• 1M: -2.91%
• 6M: 23.53%
• YTD: 22.50%
• 1Y: 29.28%
• 3Y*: 31.21%
• 5Y*: 14.34%
• 10Y*: 22.19%
• ALL TIME*: 19.89%

VITAX

• 1D: 1.74%
• 1M: 0.34%
• 6M: 25.41%
• YTD: 22.50%
• 1Y: 34.15%
• 3Y*: 29.11%
• 5Y*: 18.08%
• 10Y*: 24.00%
• ALL TIME*: 14.86%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
JATAX Janus Henderson Global Technology and Innovation Fund Class A	$0.00	$0.00	$0.00
VITAX Vanguard Information Technology Index Fund Admiral Shares	$0.00	$0.00	$0.00

JATAX vs. VITAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JATAX Janus Henderson Global Technology and Innovation Fund Class A	22.50%	24.77%	32.09%	55.02%	-37.75%	17.31%	50.90%	45.36%	0.72%	44.47%
VITAX Vanguard Information Technology Index Fund Admiral Shares	22.50%	21.78%	29.26%	52.69%	-29.67%	30.36%	45.93%	48.72%	2.51%	37.07%

Correlation

The correlation between JATAX and VITAX is 0.91, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.91
Correlation (3Y) Balances recent behavior with more history.	0.94
Correlation (5Y) Shows whether the relationship held over a longer period.	0.96
Correlation (10Y) Provides a long-term view across more market conditions.	0.95
Correlation (All Time) Calculated using the full available price history since Jul 6, 2009	0.95

The correlation between JATAX and VITAX has been stable across timeframes, ranging from 0.91 to 0.96 - a consistent structural relationship.

Return for Risk

JATAX vs. VITAX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

JATAX

JATAX Risk / Return Rank: 32
JATAX Sharpe Ratio Rank: 31
JATAX Sortino Ratio Rank: 29
JATAX Omega Ratio Rank: 30
JATAX Calmar Ratio Rank: 36
JATAX Martin Ratio Rank: 34

VITAX

VITAX Risk / Return Rank: 49
VITAX Sharpe Ratio Rank: 54
VITAX Sortino Ratio Rank: 47
VITAX Omega Ratio Rank: 45
VITAX Calmar Ratio Rank: 62
VITAX Martin Ratio Rank: 39

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

JATAX vs. VITAX - 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 Vanguard Information Technology Index Fund Admiral Shares (VITAX). 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	VITAX	Difference
Sharpe ratio: Return per unit of total volatility	1.19	1.54	-0.35
Sortino ratio: Return per unit of downside risk	1.66	2.09	-0.42
Omega ratio: Gain probability vs. loss probability	1.22	1.26	-0.05
Calmar ratio: Return relative to maximum drawdown	1.73	2.28	-0.55
Martin ratio: Return relative to average drawdown	5.61	6.11	-0.50

JATAX vs. VITAX - Sharpe Ratio Comparison

The current JATAX Sharpe Ratio is 1.19, which is comparable to the VITAX Sharpe Ratio of 1.54. The chart below compares the historical Sharpe Ratios of JATAX and VITAX, 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. VITAX - Drawdown Comparison

The maximum JATAX drawdown since its inception was -46.55%, smaller than the maximum VITAX drawdown of -54.81%. Use the drawdown chart below to compare losses from any high point for JATAX and VITAX.

Drawdown Indicators

	JATAX	VITAX	Difference
Max Drawdown Largest peak-to-trough decline	-46.55%	-54.81%	+8.26%
Max Drawdown (1Y) Largest decline over 1 year	-18.55%	-16.38%	-2.17%
Max Drawdown (3Y) Largest decline over 3 years	-23.96%	-27.38%	+3.42%
Max Drawdown (5Y) Largest decline over 5 years	-46.55%	-35.10%	-11.45%
Max Drawdown (10Y) Largest decline over 10 years	-46.55%	-35.10%	-11.45%
Current Drawdown Current decline from peak	-9.87%	-8.34%	-1.53%
Average Drawdown Average peak-to-trough decline	-6.78%	-8.01%	+1.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.69%	6.10%	-0.41%

Volatility

JATAX vs. VITAX - Volatility Comparison

Janus Henderson Global Technology and Innovation Fund Class A (JATAX) has a higher volatility of 12.15% compared to Vanguard Information Technology Index Fund Admiral Shares (VITAX) at 8.37%. This indicates that JATAX's price experiences larger fluctuations and is considered to be riskier than VITAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JATAX	VITAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.15%	8.37%	+3.78%
Volatility (6M) Calculated over the trailing 6-month period	23.65%	20.15%	+3.50%
Volatility (1Y) Calculated over the trailing 1-year period	27.05%	24.31%	+2.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.53%	26.05%	+1.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.12%	25.14%	-0.02%

JATAX vs. VITAX - Expense Ratio Comparison

JATAX has a 1.00% expense ratio, which is higher than VITAX's 0.09% expense ratio.

Dividends

JATAX vs. VITAX - Dividend Comparison

JATAX's dividend yield for the trailing twelve months is around 11.60%, more than VITAX's 0.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JATAX Janus Henderson Global Technology and Innovation Fund Class A	11.60%	14.21%	12.24%	0.80%	0.00%	16.47%	9.16%	9.08%	6.63%	7.63%	4.92%	7.87%
VITAX Vanguard Information Technology Index Fund Admiral Shares	0.38%	0.40%	0.60%	0.65%	0.91%	0.63%	0.82%	1.11%	1.29%	0.99%	1.31%	1.28%

Frequently Asked Questions

Can I hold both JATAX and VITAX in my portfolio?

With a correlation of 0.91, JATAX and VITAX 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.

Which is riskier, JATAX or VITAX?

JATAX has higher volatility (12.15%) compared to VITAX (8.37%). In terms of maximum drawdown, JATAX dropped -46.55% vs VITAX's -54.81%.

Which has better risk-adjusted returns?

VITAX currently has the higher Sharpe Ratio (1.54 vs 1.19), 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.