JATIX vs. JUCIX

Last updated Jun 23, 2026

JATIX (Janus Henderson Global Technology and Innovation Fund Class I) and JUCIX (Janus Henderson Absolute Return Income Opportunities Fund) are both mutual funds - JATIX is a Technology Equities fund managed by Janus Henderson, while JUCIX is a Nontraditional Bonds fund managed by Janus Henderson. Over the past 10 years, JATIX returned 24.75%/yr vs 2.57%/yr for JUCIX. At a 0.11 correlation, their price movements are largely independent. JATIX charges 0.76%/yr vs 0.71%/yr for JUCIX.

Performance

JATIX vs. JUCIX - 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 Absolute Return Income Opportunities Fund (JUCIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JATIX achieves a 35.35% return, which is significantly higher than JUCIX's 1.29% return. Over the past 10 years, JATIX has outperformed JUCIX with an annualized return of 24.75%, while JUCIX has yielded a comparatively lower 2.57% annualized return.

JATIX

• 1D: 3.07%
• 1M: 10.10%
• YTD: 35.35%
• 6M: 35.97%
• 1Y: 57.92%
• 3Y*: 36.16%
• 5Y*: 18.10%
• 10Y*: 24.75%

JUCIX

• 1D: 0.00%
• 1M: 0.55%
• YTD: 1.29%
• 6M: 1.71%
• 1Y: 5.69%
• 3Y*: 6.21%
• 5Y*: 3.80%
• 10Y*: 2.57%

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

JATIX vs. JUCIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JATIX Janus Henderson Global Technology and Innovation Fund Class I	35.35%	25.04%	32.38%	55.38%	-37.60%	17.57%	51.25%	45.27%	0.97%	44.79%
JUCIX Janus Henderson Absolute Return Income Opportunities Fund	1.29%	6.68%	6.13%	7.02%	-1.46%	-0.43%	3.56%	2.60%	-3.85%	2.37%

Correlation

The correlation between JATIX and JUCIX is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.24
Correlation (3Y) Calculated over the trailing 3-year period	0.16
Correlation (5Y) Calculated over the trailing 5-year period	0.20
Correlation (10Y) Calculated over the trailing 10-year period	0.10
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015	0.11

The correlation between JATIX and JUCIX shifts across timeframes, from 0.10 (10 years) to 0.24 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

JATIX vs. JUCIX — Risk / Return Rank

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

JATIX

JATIX Risk / Return Rank: 72
JATIX Sharpe Ratio Rank: 82
JATIX Sortino Ratio Rank: 64
JATIX Omega Ratio Rank: 68
JATIX Calmar Ratio Rank: 82
JATIX Martin Ratio Rank: 65

JUCIX

JUCIX Risk / Return Rank: 92
JUCIX Sharpe Ratio Rank: 85
JUCIX Sortino Ratio Rank: 95
JUCIX Omega Ratio Rank: 97
JUCIX Calmar Ratio Rank: 90
JUCIX Martin Ratio Rank: 91

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. JUCIX - 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 Absolute Return Income Opportunities Fund (JUCIX). 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	JUCIX	Difference
Sharpe ratio: Return per unit of total volatility	2.48	2.54	-0.07
Sortino ratio: Return per unit of downside risk	3.05	4.86	-1.80
Omega ratio: Gain probability vs. loss probability	1.42	1.99	-0.57
Calmar ratio: Return relative to maximum drawdown	3.59	4.33	-0.74
Martin ratio: Return relative to average drawdown	11.92	17.19	-5.27

JATIX vs. JUCIX - Sharpe Ratio Comparison

The current JATIX Sharpe Ratio is 2.48, which is comparable to the JUCIX Sharpe Ratio of 2.54. The chart below compares the historical Sharpe Ratios of JATIX and JUCIX, 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. JUCIX - Drawdown Comparison

The maximum JATIX drawdown since its inception was -46.43%, which is greater than JUCIX's maximum drawdown of -8.25%. Use the drawdown chart below to compare losses from any high point for JATIX and JUCIX.

Drawdown Indicators

	JATIX	JUCIX	Difference
Max Drawdown Largest peak-to-trough decline	-46.43%	-8.25%	-38.18%
Max Drawdown (1Y) Largest decline over 1 year	-15.94%	-1.32%	-14.62%
Max Drawdown (3Y) Largest decline over 3 years	-23.92%	-1.32%	-22.60%
Max Drawdown (5Y) Largest decline over 5 years	-46.43%	-3.81%	-42.62%
Max Drawdown (10Y) Largest decline over 10 years	-46.43%	-8.25%	-38.18%
Current Drawdown Current decline from peak	0.00%	-0.11%	+0.11%
Average Drawdown Average peak-to-trough decline	-6.72%	-1.33%	-5.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.80%	0.33%	+4.47%

Volatility

JATIX vs. JUCIX - Volatility Comparison

Janus Henderson Global Technology and Innovation Fund Class I (JATIX) has a higher volatility of 11.81% compared to Janus Henderson Absolute Return Income Opportunities Fund (JUCIX) at 0.58%. This indicates that JATIX's price experiences larger fluctuations and is considered to be riskier than JUCIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JATIX	JUCIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.81%	0.58%	+11.23%
Volatility (6M) Calculated over the trailing 6-month period	19.75%	1.51%	+18.24%
Volatility (1Y) Calculated over the trailing 1-year period	23.13%	2.25%	+20.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.80%	1.86%	+24.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.78%	2.51%	+22.27%

JATIX vs. JUCIX - Expense Ratio Comparison

JATIX has a 0.76% expense ratio, which is higher than JUCIX's 0.71% expense ratio.

Dividends

JATIX vs. JUCIX - Dividend Comparison

JATIX's dividend yield for the trailing twelve months is around 9.74%, more than JUCIX's 4.87% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JATIX Janus Henderson Global Technology and Innovation Fund Class I	9.74%	13.19%	11.48%	0.76%	0.00%	15.67%	8.94%	8.47%	6.65%	7.41%	4.80%	7.71%
JUCIX Janus Henderson Absolute Return Income Opportunities Fund	4.87%	4.86%	4.66%	3.73%	2.09%	1.48%	1.70%	2.68%	3.24%	2.56%	4.76%	2.28%

Frequently Asked Questions

Can I hold both JATIX and JUCIX in my portfolio?

JATIX and JUCIX have a correlation of 0.24, 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 JUCIX?

JATIX has higher volatility (11.81%) compared to JUCIX (0.58%). In terms of maximum drawdown, JATIX dropped -46.43% vs JUCIX's -8.25%.

Which has better risk-adjusted returns?

JUCIX currently has the higher Sharpe Ratio (2.54 vs 2.48), 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.