JATAX vs. VITAX
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 24.41%/yr vs 25.97%/yr for VITAX. With a 0.95 correlation, they move nearly in lockstep. JATAX charges 1.00%/yr vs 0.09%/yr for VITAX.
Performance
JATAX vs. VITAX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with JATAX having a 35.10% return and VITAX slightly lower at 33.66%. Over the past 10 years, JATAX has underperformed VITAX with an annualized return of 24.41%, while VITAX has yielded a comparatively higher 25.97% annualized return.
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%
VITAX
- 1D
- 1.27%
- 1M
- 19.87%
- YTD
- 33.66%
- 6M
- 32.51%
- 1Y
- 62.61%
- 3Y*
- 34.15%
- 5Y*
- 23.05%
- 10Y*
- 25.97%
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 | 35.10% | 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 | 33.66% | 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 0.90, 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 | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Jul 7, 2009 | 0.95 |
The correlation between JATAX and VITAX has been stable across timeframes, ranging from 0.90 to 0.96 - a consistent structural relationship.
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Return for Risk
JATAX vs. VITAX — Risk / Return Rank
JATAX
VITAX
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.
| JATAX | VITAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.20 | ||
| Sortino ratioReturn per unit of downside risk | -0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.51 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.86 | 4.00 | -0.14 |
| Martin ratioReturn relative to average drawdown | 13.23 | 12.75 | +0.49 |
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 | VITAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.98 | 3.18 | -0.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.73 | 0.91 | -0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.00 | 1.05 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.94 | 0.67 | +0.27 |
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.
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Drawdown Indicators
| JATAX | VITAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.55% | -54.81% | +8.26% |
Max Drawdown (1Y)Largest decline over 1 year | -15.97% | -16.38% | +0.41% |
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 DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -6.78% | -8.02% | +1.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.65% | 5.13% | -0.48% |
Volatility
JATAX vs. VITAX - Volatility Comparison
Janus Henderson Global Technology and Innovation Fund Class A (JATAX) has a higher volatility of 6.74% compared to Vanguard Information Technology Index Fund Admiral Shares (VITAX) at 6.01%. 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.
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Volatility by Period
| JATAX | VITAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.74% | 6.01% | +0.73% |
Volatility (6M)Calculated over the trailing 6-month period | 17.02% | 16.09% | +0.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.67% | 20.61% | +0.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.43% | 25.39% | +1.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.57% | 24.84% | -0.27% |
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 10.52%, more than VITAX's 0.30% 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% |
VITAX Vanguard Information Technology Index Fund Admiral Shares | 0.30% | 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
With a correlation of 0.90, 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.
JATAX has higher volatility (6.74%) compared to VITAX (6.01%). In terms of maximum drawdown, JATAX dropped -46.55% vs VITAX's -54.81%.
VITAX currently has the higher Sharpe Ratio (3.18 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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