JATIX vs. JFRDX

Last updated Aug 1, 2026

JATIX (Janus Henderson Global Technology and Innovation Fund Class I) and JFRDX (Janus Henderson Forty Fund Class D) are both mutual funds - JATIX is a Technology Equities fund managed by Janus Henderson, while JFRDX is a Large Cap Growth Equities fund actively managed by Janus Henderson. Over the past 5 years, JATIX returned 13.97%/yr vs 7.66%/yr for JFRDX. Their correlation of 0.95 means they have usually moved in the same direction. JATIX charges 0.76%/yr vs 0.63%/yr for JFRDX.

Performance

JATIX vs. JFRDX - 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 Forty Fund Class D (JFRDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JATIX achieves a 18.32% return, which is significantly higher than JFRDX's 0.04% return.

JATIX

• 1D: 6.74%
• 1M: -6.32%
• 6M: 15.74%
• YTD: 18.32%
• 1Y: 27.46%
• 3Y*: 28.45%
• 5Y*: 13.97%
• 10Y*: 22.08%
• ALL TIME*: 19.90%

JFRDX

• 1D: 3.28%
• 1M: -2.85%
• 6M: 2.86%
• YTD: 0.04%
• 1Y: 6.63%
• 3Y*: 17.21%
• 5Y*: 7.66%
• 10Y*: —
• ALL TIME*: 15.45%

*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)
JATIX Janus Henderson Global Technology and Innovation Fund Class I	$0.00	$0.00	$0.00
JFRDX Janus Henderson Forty Fund Class D	$0.00	$0.00	$0.00

JATIX vs. JFRDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JATIX Janus Henderson Global Technology and Innovation Fund Class I	18.32%	25.04%	32.38%	55.38%	-37.60%	17.57%	51.25%	45.27%	0.97%	36.04%
JFRDX Janus Henderson Forty Fund Class D	0.04%	18.31%	28.26%	40.01%	-33.58%	22.73%	39.22%	36.75%	1.49%	16.74%

Correlation

The correlation between JATIX and JFRDX is 0.88, 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.	0.88
Correlation (3Y) Balances recent behavior with more history.	0.92
Correlation (5Y) Shows whether the relationship held over a longer period.	0.95
Correlation (All Time) Calculated using the full available price history since Feb 1, 2017	0.95

The correlation between JATIX and JFRDX has been stable across timeframes, ranging from 0.88 to 0.95 - a consistent structural relationship.

Return for Risk

JATIX vs. JFRDX — Risk / Return Rank

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

JATIX

JATIX Risk / Return Rank: 29
JATIX Sharpe Ratio Rank: 28
JATIX Sortino Ratio Rank: 28
JATIX Omega Ratio Rank: 29
JATIX Calmar Ratio Rank: 31
JATIX Martin Ratio Rank: 31

JFRDX

JFRDX Risk / Return Rank: 8
JFRDX Sharpe Ratio Rank: 8
JFRDX Sortino Ratio Rank: 8
JFRDX Omega Ratio Rank: 8
JFRDX Calmar Ratio Rank: 7
JFRDX Martin Ratio Rank: 8

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.

JATIX vs. JFRDX - 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 Forty Fund Class D (JFRDX). 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.

	JATIX	JFRDX	Difference
Sharpe ratio: Return per unit of total volatility	0.91	0.22	+0.69
Sortino ratio: Return per unit of downside risk	1.35	0.44	+0.91
Omega ratio: Gain probability vs. loss probability	1.17	1.05	+0.12
Calmar ratio: Return relative to maximum drawdown	1.33	0.23	+1.10
Martin ratio: Return relative to average drawdown	4.38	0.68	+3.69

JATIX vs. JFRDX - Sharpe Ratio Comparison

The current JATIX Sharpe Ratio is 0.91, which is higher than the JFRDX Sharpe Ratio of 0.22. The chart below compares the historical Sharpe Ratios of JATIX and JFRDX, 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

JATIX vs. JFRDX - Drawdown Comparison

The maximum JATIX drawdown since its inception was -46.43%, which is greater than JFRDX's maximum drawdown of -40.91%. Use the drawdown chart below to compare losses from any high point for JATIX and JFRDX.

Drawdown Indicators

	JATIX	JFRDX	Difference
Max Drawdown Largest peak-to-trough decline	-46.43%	-40.91%	-5.52%
Max Drawdown (1Y) Largest decline over 1 year	-18.53%	-19.05%	+0.52%
Max Drawdown (3Y) Largest decline over 3 years	-23.92%	-22.14%	-1.78%
Max Drawdown (5Y) Largest decline over 5 years	-46.43%	-40.91%	-5.52%
Max Drawdown (10Y) Largest decline over 10 years	-46.43%	—	—
Current Drawdown Current decline from peak	-13.04%	-8.20%	-4.84%
Average Drawdown Average peak-to-trough decline	-6.73%	-8.12%	+1.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.60%	6.28%	-0.68%

Volatility

JATIX vs. JFRDX - Volatility Comparison

Janus Henderson Global Technology and Innovation Fund Class I (JATIX) has a higher volatility of 12.44% compared to Janus Henderson Forty Fund Class D (JFRDX) at 6.07%. This indicates that JATIX's price experiences larger fluctuations and is considered to be riskier than JFRDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JATIX	JFRDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.44%	6.07%	+6.37%
Volatility (6M) Calculated over the trailing 6-month period	23.71%	15.83%	+7.88%
Volatility (1Y) Calculated over the trailing 1-year period	26.97%	19.49%	+7.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.50%	22.35%	+5.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.09%	22.10%	+2.99%

JATIX vs. JFRDX - Expense Ratio Comparison

JATIX has a 0.76% expense ratio, which is higher than JFRDX's 0.63% expense ratio.

Dividends

JATIX vs. JFRDX - Dividend Comparison

JATIX's dividend yield for the trailing twelve months is around 11.14%, less than JFRDX's 13.10% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JATIX Janus Henderson Global Technology and Innovation Fund Class I	11.14%	13.19%	11.48%	0.76%	0.00%	15.67%	8.94%	8.47%	6.65%	7.41%	4.80%	7.71%
JFRDX Janus Henderson Forty Fund Class D	13.10%	13.10%	11.27%	9.12%	0.06%	10.12%	8.26%	7.21%	8.88%	9.68%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JATIX and JFRDX in my portfolio?

JATIX and JFRDX have a correlation of 0.88, 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 JFRDX?

JATIX has higher volatility (12.44%) compared to JFRDX (6.07%). In terms of maximum drawdown, JATIX dropped -46.43% vs JFRDX's -40.91%.

Which has better risk-adjusted returns?

JATIX currently has the higher Sharpe Ratio (0.91 vs 0.22), 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.