JATIX vs. JANBX

Last updated Jun 3, 2026

JATIX (Janus Henderson Global Technology and Innovation Fund Class I) and JANBX (Janus Henderson Balanced Fund) are both mutual funds - JATIX is a Technology Equities fund managed by Janus Henderson, while JANBX is a Diversified Portfolio fund managed by Janus Henderson. Over the past 10 years, JATIX returned 24.55%/yr vs 10.35%/yr for JANBX. Their correlation of 0.87 suggests significant overlap in exposure. JATIX charges 0.76%/yr vs 0.70%/yr for JANBX.

Performance

JATIX vs. JANBX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Janus Henderson Global Technology and Innovation Fund Class I (JATIX) and Janus Henderson Balanced Fund (JANBX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JATIX achieves a 33.93% return, which is significantly higher than JANBX's 3.93% return. Over the past 10 years, JATIX has outperformed JANBX with an annualized return of 24.55%, while JANBX has yielded a comparatively lower 10.35% annualized return.

JATIX

• 1D: 3.11%
• 1M: 18.94%
• YTD: 33.93%
• 6M: 34.38%
• 1Y: 60.18%
• 3Y*: 36.67%
• 5Y*: 18.77%
• 10Y*: 24.55%

JANBX

• 1D: 0.30%
• 1M: 2.80%
• YTD: 3.93%
• 6M: 4.03%
• 1Y: 15.59%
• 3Y*: 14.03%
• 5Y*: 8.00%
• 10Y*: 10.35%

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

JATIX vs. JANBX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JATIX Janus Henderson Global Technology and Innovation Fund Class I	33.93%	25.04%	32.38%	55.38%	-37.60%	17.57%	51.25%	45.27%	0.97%	44.79%
JANBX Janus Henderson Balanced Fund	3.93%	14.99%	15.36%	15.38%	-16.60%	17.22%	14.34%	22.53%	0.64%	17.78%

Correlation

The correlation between JATIX and JANBX is 0.80, 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	0.80
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (5Y) Calculated over the trailing 5-year period	0.88
Correlation (10Y) Calculated over the trailing 10-year period	0.87
Correlation (All Time) Calculated using the full available price history since Jul 7, 2009	0.87

The correlation between JATIX and JANBX has been stable across timeframes, ranging from 0.80 to 0.88 - a consistent structural relationship.

Return for Risk

JATIX vs. JANBX — Risk / Return Rank

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

JATIX

JATIX Risk / Return Rank: 78
JATIX Sharpe Ratio Rank: 90
JATIX Sortino Ratio Rank: 76
JATIX Omega Ratio Rank: 74
JATIX Calmar Ratio Rank: 83
JATIX Martin Ratio Rank: 68

JANBX

JANBX Risk / Return Rank: 36
JANBX Sharpe Ratio Rank: 39
JANBX Sortino Ratio Rank: 39
JANBX Omega Ratio Rank: 38
JANBX Calmar Ratio Rank: 26
JANBX Martin Ratio Rank: 39

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.

JATIX vs. JANBX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Global Technology and Innovation Fund Class I (JATIX) and Janus Henderson Balanced Fund (JANBX). 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.

	JATIX	JANBX	Difference
Sharpe ratio Return per unit of total volatility	2.98	1.84	+1.15
Sortino ratio Return per unit of downside risk	3.66	2.63	+1.03
Omega ratio Gain probability vs. loss probability	1.49	1.33	+0.16
Calmar ratio Return relative to maximum drawdown	3.83	1.97	+1.86
Martin ratio Return relative to average drawdown	13.15	8.52	+4.63
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JATIX vs. JANBX - Sharpe Ratio Comparison

The current JATIX Sharpe Ratio is 2.98, which is higher than the JANBX Sharpe Ratio of 1.84. The chart below compares the historical Sharpe Ratios of JATIX and JANBX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	JATIX	JANBX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.98	1.84	+1.15
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.71	0.72	0.00
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.00	0.93	+0.07
Sharpe Ratio (All Time) Calculated using the full available price history	0.95	0.68	+0.27

Drawdowns

JATIX vs. JANBX - Drawdown Comparison

The maximum JATIX drawdown since its inception was -46.43%, which is greater than JANBX's maximum drawdown of -31.70%. Use the drawdown chart below to compare losses from any high point for JATIX and JANBX.

Drawdown Indicators

	JATIX	JANBX	Difference
Max Drawdown Largest peak-to-trough decline	-46.43%	-31.70%	-14.73%
Max Drawdown (1Y) Largest decline over 1 year	-15.94%	-8.13%	-7.81%
Max Drawdown (3Y) Largest decline over 3 years	-23.92%	-11.91%	-12.01%
Max Drawdown (5Y) Largest decline over 5 years	-46.43%	-21.52%	-24.91%
Max Drawdown (10Y) Largest decline over 10 years	-46.43%	-22.49%	-23.94%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-6.73%	-6.64%	-0.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.64%	1.88%	+2.76%

Volatility

JATIX vs. JANBX - Volatility Comparison

Janus Henderson Global Technology and Innovation Fund Class I (JATIX) has a higher volatility of 6.74% compared to Janus Henderson Balanced Fund (JANBX) at 2.46%. This indicates that JATIX's price experiences larger fluctuations and is considered to be riskier than JANBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JATIX	JANBX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.74%	2.46%	+4.28%
Volatility (6M) Calculated over the trailing 6-month period	17.01%	6.91%	+10.10%
Volatility (1Y) Calculated over the trailing 1-year period	20.70%	8.71%	+11.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.42%	11.19%	+15.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.57%	11.16%	+13.41%

JATIX vs. JANBX - Expense Ratio Comparison

JATIX has a 0.76% expense ratio, which is higher than JANBX's 0.70% expense ratio.

Dividends

JATIX vs. JANBX - Dividend Comparison

JATIX's dividend yield for the trailing twelve months is around 9.85%, more than JANBX's 8.50% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JANBX Janus Henderson Balanced Fund	8.50%	8.78%	6.96%	2.25%	1.95%	4.50%	2.49%	2.85%	7.06%	4.65%	2.55%	5.81%
JATIX Janus Henderson Global Technology and Innovation Fund Class I	9.85%	13.19%	11.48%	0.76%	0.00%	15.67%	8.94%	8.47%	6.65%	7.41%	4.80%	7.71%

Frequently Asked Questions

Can I hold both JATIX and JANBX in my portfolio?

JATIX and JANBX have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JATIX or JANBX?

JATIX has higher volatility (6.74%) compared to JANBX (2.46%). In terms of maximum drawdown, JATIX dropped -46.43% vs JANBX's -31.70%.

Which has better risk-adjusted returns?

JATIX currently has the higher Sharpe Ratio (2.98 vs 1.84), 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.