JATNX vs. FELCX

Last updated Jul 21, 2026

JATNX (Janus Henderson Global Technology and Innovation Fund Class N) and FELCX (Fidelity Advisor Semiconductors Fund Class C) are both Technology Equities funds. Over the past 5 years, JATNX returned 15.17%/yr vs 36.86%/yr for FELCX. Their correlation of 0.86 suggests significant overlap in exposure. JATNX charges 0.69%/yr vs 1.76%/yr for FELCX.

Performance

JATNX vs. FELCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Janus Henderson Global Technology and Innovation Fund Class N (JATNX) and Fidelity Advisor Semiconductors Fund Class C (FELCX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JATNX achieves a 20.88% return, which is significantly lower than FELCX's 51.45% return.

JATNX

• 1D: -2.35%
• 1M: -10.72%
• 6M: 17.10%
• YTD: 20.88%
• 1Y: 29.53%
• 3Y*: 29.17%
• 5Y*: 15.17%
• 10Y*: —
• ALL TIME*: 22.20%

FELCX

• 1D: -1.55%
• 1M: -18.65%
• 6M: 38.18%
• YTD: 51.45%
• 1Y: 87.99%
• 3Y*: 45.68%
• 5Y*: 36.86%
• 10Y*: 33.06%
• ALL TIME*: 13.88%

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

JATNX vs. FELCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JATNX Janus Henderson Global Technology and Innovation Fund Class N	20.88%	25.13%	32.50%	55.52%	-37.54%	17.69%	51.36%	45.39%	1.03%	30.62%
FELCX Fidelity Advisor Semiconductors Fund Class C	51.45%	43.80%	42.66%	73.83%	-35.56%	56.29%	42.50%	62.54%	-13.48%	30.05%

Correlation

The correlation between JATNX and FELCX is 0.84, 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	0.84
Correlation (3Y) Calculated over the trailing 3-year period	0.88
Correlation (5Y) Calculated over the trailing 5-year period	0.88
Correlation (All Time) Calculated using the full available price history since Feb 1, 2017	0.86

The correlation between JATNX and FELCX has been stable across timeframes, ranging from 0.84 to 0.88 - a consistent structural relationship.

Return for Risk

JATNX vs. FELCX — Risk / Return Rank

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

JATNX

JATNX Risk / Return Rank: 32
JATNX Sharpe Ratio Rank: 30
JATNX Sortino Ratio Rank: 27
JATNX Omega Ratio Rank: 30
JATNX Calmar Ratio Rank: 40
JATNX Martin Ratio Rank: 35

FELCX

FELCX Risk / Return Rank: 83
FELCX Sharpe Ratio Rank: 84
FELCX Sortino Ratio Rank: 69
FELCX Omega Ratio Rank: 72
FELCX Calmar Ratio Rank: 95
FELCX Martin Ratio Rank: 95

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.

JATNX vs. FELCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Global Technology and Innovation Fund Class N (JATNX) and Fidelity Advisor Semiconductors Fund Class C (FELCX). 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.

	JATNX	FELCX	Difference
Sharpe ratio: Return per unit of total volatility	1.19	2.28	-1.09
Sortino ratio: Return per unit of downside risk	1.63	2.64	-1.01
Omega ratio: Gain probability vs. loss probability	1.21	1.35	-0.14
Calmar ratio: Return relative to maximum drawdown	1.88	4.60	-2.72
Martin ratio: Return relative to average drawdown	5.86	17.16	-11.30

JATNX vs. FELCX - Sharpe Ratio Comparison

The current JATNX Sharpe Ratio is 1.19, which is lower than the FELCX Sharpe Ratio of 2.28. The chart below compares the historical Sharpe Ratios of JATNX and FELCX, 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

JATNX vs. FELCX - Drawdown Comparison

The maximum JATNX drawdown since its inception was -46.39%, smaller than the maximum FELCX drawdown of -72.55%. Use the drawdown chart below to compare losses from any high point for JATNX and FELCX.

Drawdown Indicators

	JATNX	FELCX	Difference
Max Drawdown Largest peak-to-trough decline	-46.39%	-72.55%	+26.16%
Max Drawdown (1Y) Largest decline over 1 year	-15.92%	-19.36%	+3.44%
Max Drawdown (3Y) Largest decline over 3 years	-23.90%	-36.53%	+12.63%
Max Drawdown (5Y) Largest decline over 5 years	-46.39%	-46.47%	+0.08%
Max Drawdown (10Y) Largest decline over 10 years	—	-46.47%	—
Current Drawdown Current decline from peak	-11.19%	-19.36%	+8.17%
Average Drawdown Average peak-to-trough decline	-8.83%	-23.50%	+14.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.09%	5.18%	-0.09%

Volatility

JATNX vs. FELCX - Volatility Comparison

The current volatility for Janus Henderson Global Technology and Innovation Fund Class N (JATNX) is 11.03%, while Fidelity Advisor Semiconductors Fund Class C (FELCX) has a volatility of 17.54%. This indicates that JATNX experiences smaller price fluctuations and is considered to be less risky than FELCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JATNX	FELCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.03%	17.54%	-6.51%
Volatility (6M) Calculated over the trailing 6-month period	21.94%	32.83%	-10.89%
Volatility (1Y) Calculated over the trailing 1-year period	25.19%	39.10%	-13.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.18%	39.54%	-12.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.50%	35.31%	-9.81%

JATNX vs. FELCX - Expense Ratio Comparison

JATNX has a 0.69% expense ratio, which is lower than FELCX's 1.76% expense ratio.

Dividends

JATNX vs. FELCX - Dividend Comparison

JATNX's dividend yield for the trailing twelve months is around 11.05%, more than FELCX's 5.51% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FELCX Fidelity Advisor Semiconductors Fund Class C	5.51%	8.35%	8.97%	4.24%	4.07%	4.95%	5.13%	0.93%	22.41%	10.39%	0.14%	11.27%
JATNX Janus Henderson Global Technology and Innovation Fund Class N	11.05%	13.36%	11.62%	0.77%	0.00%	15.88%	9.10%	8.57%	6.78%	3.89%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JATNX and FELCX in my portfolio?

JATNX and FELCX have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JATNX or FELCX?

FELCX has higher volatility (17.54%) compared to JATNX (11.03%). In terms of maximum drawdown, JATNX dropped -46.39% vs FELCX's -72.55%.

Which has better risk-adjusted returns?

FELCX currently has the higher Sharpe Ratio (2.28 vs 1.19), 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.