JATIX vs. SOXX
JATIX (Janus Henderson Global Technology and Innovation Fund Class I) and SOXX (iShares Semiconductor ETF) are both funds - JATIX is a Technology Equities fund managed by Janus Henderson, while SOXX is a Semiconductors fund tracking the NYSE Semiconductor Index. Over the past 10 years, JATIX returned 23.69%/yr vs 34.00%/yr for SOXX. Their correlation of 0.84 suggests significant overlap in exposure. JATIX charges 0.76%/yr vs 0.34%/yr for SOXX.
Performance
JATIX vs. SOXX - Performance Comparison
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Returns By Period
In the year-to-date period, JATIX achieves a 28.92% return, which is significantly lower than SOXX's 84.03% return. Over the past 10 years, JATIX has underperformed SOXX with an annualized return of 23.69%, while SOXX has yielded a comparatively higher 34.00% annualized return.
JATIX
- 1D
- 0.31%
- 1M
- 0.88%
- 6M
- 23.50%
- YTD
- 28.92%
- 1Y
- 40.97%
- 3Y*
- 34.12%
- 5Y*
- 16.17%
- 10Y*
- 23.69%
SOXX
- 1D
- -4.77%
- 1M
- -7.11%
- 6M
- 67.77%
- YTD
- 84.03%
- 1Y
- 125.94%
- 3Y*
- 48.43%
- 5Y*
- 31.11%
- 10Y*
- 34.00%
JATIX vs. SOXX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JATIX Janus Henderson Global Technology and Innovation Fund Class I | 28.92% | 25.04% | 32.38% | 55.38% | -37.60% | 17.57% | 51.25% | 45.27% | 0.97% | 44.79% |
SOXX iShares Semiconductor ETF | 84.03% | 40.74% | 12.92% | 67.12% | -35.09% | 44.09% | 52.72% | 62.42% | -6.49% | 39.79% |
Correlation
The correlation between JATIX and SOXX is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Jul 6, 2009 | 0.84 |
The correlation between JATIX and SOXX has been stable across timeframes, ranging from 0.77 to 0.86 - a consistent structural relationship.
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Return for Risk
JATIX vs. SOXX — Risk / Return Rank
JATIX
SOXX
JATIX vs. SOXX - 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 iShares Semiconductor ETF (SOXX). 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 | SOXX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.37 | ||
| Sortino ratioReturn per unit of downside risk | -1.04 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.44 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 2.55 | 8.03 | -5.48 |
| Martin ratioReturn relative to average drawdown | 8.19 | 25.14 | -16.95 |
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Drawdowns
JATIX vs. SOXX - Drawdown Comparison
The maximum JATIX drawdown since its inception was -46.43%, smaller than the maximum SOXX drawdown of -70.21%. Use the drawdown chart below to compare losses from any high point for JATIX and SOXX.
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Drawdown Indicators
| JATIX | SOXX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.43% | -70.21% | +23.78% |
Max Drawdown (1Y)Largest decline over 1 year | -15.94% | -15.77% | -0.17% |
Max Drawdown (3Y)Largest decline over 3 years | -23.92% | -41.36% | +17.44% |
Max Drawdown (5Y)Largest decline over 5 years | -46.43% | -45.75% | -0.68% |
Max Drawdown (10Y)Largest decline over 10 years | -46.43% | -45.75% | -0.68% |
Current DrawdownCurrent decline from peak | -5.25% | -15.48% | +10.23% |
Average DrawdownAverage peak-to-trough decline | -6.71% | -19.92% | +13.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.96% | 5.03% | -0.07% |
Volatility
JATIX vs. SOXX - Volatility Comparison
The current volatility for Janus Henderson Global Technology and Innovation Fund Class I (JATIX) is 12.32%, while iShares Semiconductor ETF (SOXX) has a volatility of 22.50%. This indicates that JATIX experiences smaller price fluctuations and is considered to be less risky than SOXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JATIX | SOXX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.32% | 22.50% | -10.18% |
Volatility (6M)Calculated over the trailing 6-month period | 21.43% | 36.44% | -15.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.66% | 42.11% | -17.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.09% | 37.77% | -10.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.86% | 34.27% | -9.41% |
JATIX vs. SOXX - Expense Ratio Comparison
JATIX has a 0.76% expense ratio, which is higher than SOXX's 0.34% expense ratio.
Dividends
JATIX vs. SOXX - Dividend Comparison
JATIX's dividend yield for the trailing twelve months is around 10.23%, more than SOXX's 0.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JATIX Janus Henderson Global Technology and Innovation Fund Class I | 10.23% | 13.19% | 11.48% | 0.76% | 0.00% | 15.67% | 8.94% | 8.47% | 6.65% | 7.41% | 4.80% | 7.71% |
SOXX iShares Semiconductor ETF | 0.27% | 0.57% | 0.67% | 0.78% | 1.26% | 0.64% | 0.81% | 1.23% | 1.37% | 0.90% | 1.08% | 1.29% |
Frequently Asked Questions
JATIX and SOXX have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXX has higher volatility (22.50%) compared to JATIX (12.32%). In terms of maximum drawdown, JATIX dropped -46.43% vs SOXX's -70.21%.
SOXX currently has the higher Sharpe Ratio (3.01 vs 1.65), 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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