JATIX vs. PRGTX
JATIX (Janus Henderson Global Technology and Innovation Fund Class I) and PRGTX (T. Rowe Price Global Technology Fund) are both Technology Equities funds. Over the past 10 years, JATIX returned 22.08%/yr vs 17.34%/yr for PRGTX. Their correlation of 0.93 means they have usually moved in the same direction. JATIX charges 0.76%/yr vs 0.93%/yr for PRGTX.
Performance
JATIX vs. PRGTX - Performance Comparison
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Returns By Period
In the year-to-date period, JATIX achieves a 18.32% return, which is significantly lower than PRGTX's 23.62% return. Over the past 10 years, JATIX has outperformed PRGTX with an annualized return of 22.08%, while PRGTX has yielded a comparatively lower 17.34% annualized 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%
PRGTX
- 1D
- 5.19%
- 1M
- -5.99%
- 6M
- 20.57%
- YTD
- 23.62%
- 1Y
- 40.50%
- 3Y*
- 30.64%
- 5Y*
- 6.46%
- 10Y*
- 17.34%
- ALL TIME*
- 11.93%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
JATIX vs. PRGTX - 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% | 44.79% |
PRGTX T. Rowe Price Global Technology Fund | 23.62% | 27.28% | 33.12% | 55.92% | -55.53% | 8.85% | 75.77% | 34.22% | -10.07% | 47.09% |
Correlation
The correlation between JATIX and PRGTX is 0.93, 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. | 0.93 |
Correlation (3Y) Balances recent behavior with more history. | 0.95 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.94 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.93 |
Correlation (All Time) Calculated using the full available price history since Jul 6, 2009 | 0.93 |
The correlation between JATIX and PRGTX has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.
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Return for Risk
JATIX vs. PRGTX — Risk / Return Rank
JATIX
PRGTX
JATIX vs. PRGTX - 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 T. Rowe Price Global Technology Fund (PRGTX). 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 | PRGTX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.36 | ||
| Sortino ratioReturn per unit of downside risk | -0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.23 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.33 | 1.99 | -0.66 |
| Martin ratioReturn relative to average drawdown | 4.38 | 6.74 | -2.36 |
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Drawdowns
JATIX vs. PRGTX - Drawdown Comparison
The maximum JATIX drawdown since its inception was -46.43%, smaller than the maximum PRGTX drawdown of -71.18%. Use the drawdown chart below to compare losses from any high point for JATIX and PRGTX.
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Drawdown Indicators
| JATIX | PRGTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.43% | -71.18% | +24.75% |
Max Drawdown (1Y)Largest decline over 1 year | -18.53% | -18.50% | -0.03% |
Max Drawdown (3Y)Largest decline over 3 years | -23.92% | -26.67% | +2.75% |
Max Drawdown (5Y)Largest decline over 5 years | -46.43% | -65.29% | +18.86% |
Max Drawdown (10Y)Largest decline over 10 years | -46.43% | -65.29% | +18.86% |
Current DrawdownCurrent decline from peak | -13.04% | -14.26% | +1.22% |
Average DrawdownAverage peak-to-trough decline | -6.73% | -21.45% | +14.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.60% | 5.45% | +0.15% |
Volatility
JATIX vs. PRGTX - Volatility Comparison
Janus Henderson Global Technology and Innovation Fund Class I (JATIX) has a higher volatility of 12.44% compared to T. Rowe Price Global Technology Fund (PRGTX) at 11.71%. This indicates that JATIX's price experiences larger fluctuations and is considered to be riskier than PRGTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JATIX | PRGTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.44% | 11.71% | +0.73% |
Volatility (6M)Calculated over the trailing 6-month period | 23.71% | 25.46% | -1.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.97% | 29.02% | -2.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.50% | 32.66% | -5.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.09% | 28.83% | -3.74% |
JATIX vs. PRGTX - Expense Ratio Comparison
JATIX has a 0.76% expense ratio, which is lower than PRGTX's 0.93% expense ratio.
Dividends
JATIX vs. PRGTX - Dividend Comparison
JATIX's dividend yield for the trailing twelve months is around 11.14%, while PRGTX has not paid dividends to shareholders.
| 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% |
PRGTX T. Rowe Price Global Technology Fund | 0.00% | 0.00% | 0.00% | 0.00% | 3.28% | 27.71% | 5.05% | 0.15% | 24.67% | 15.81% | 9.46% | 10.03% |
Frequently Asked Questions
With a correlation of 0.93, JATIX and PRGTX 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.
JATIX has higher volatility (12.44%) compared to PRGTX (11.71%). In terms of maximum drawdown, JATIX dropped -46.43% vs PRGTX's -71.18%.
PRGTX currently has the higher Sharpe Ratio (1.27 vs 0.91), 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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