JATNX vs. JANBX

Last updated Jul 19, 2026

JATNX (Janus Henderson Global Technology and Innovation Fund Class N) and JANBX (Janus Henderson Balanced Fund) are both mutual funds - JATNX is a Technology Equities fund actively managed by Janus Henderson, while JANBX is a Diversified Portfolio fund managed by Janus Henderson. Over the past 5 years, JATNX returned 15.17%/yr vs 7.15%/yr for JANBX. Their correlation of 0.87 suggests significant overlap in exposure. JATNX charges 0.69%/yr vs 0.70%/yr for JANBX.

Performance

JATNX vs. JANBX - 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 Janus Henderson Balanced Fund (JANBX). 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 higher than JANBX's 3.67% return.

JATNX

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

JANBX

• 1D: -0.44%
• 1M: -0.25%
• 6M: 2.86%
• YTD: 3.67%
• 1Y: 10.17%
• 3Y*: 13.01%
• 5Y*: 7.15%
• 10Y*: 10.11%

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

JATNX vs. JANBX - 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%
JANBX Janus Henderson Balanced Fund	3.67%	14.99%	15.36%	15.38%	-16.60%	17.22%	14.34%	22.53%	0.64%	14.99%

Correlation

The correlation between JATNX and JANBX is 0.80, 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	0.80
Correlation (3Y) Calculated over the trailing 3-year period	0.85
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	0.87

The correlation between JATNX and JANBX has been stable across timeframes, ranging from 0.80 to 0.88 - a consistent structural relationship.

Return for Risk

JATNX vs. JANBX — Risk / Return Rank

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

JATNX

JATNX Risk / Return Rank: 29
JATNX Sharpe Ratio Rank: 28
JATNX Sortino Ratio Rank: 24
JATNX Omega Ratio Rank: 27
JATNX Calmar Ratio Rank: 36
JATNX Martin Ratio Rank: 32

JANBX

JANBX Risk / Return Rank: 24
JANBX Sharpe Ratio Rank: 24
JANBX Sortino Ratio Rank: 23
JANBX Omega Ratio Rank: 23
JANBX Calmar Ratio Rank: 19
JANBX Martin Ratio Rank: 29

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. JANBX - 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 Janus Henderson Balanced Fund (JANBX). 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	JANBX	Difference
Sharpe ratio: Return per unit of total volatility	1.19	1.14	+0.04
Sortino ratio: Return per unit of downside risk	1.63	1.66	-0.03
Omega ratio: Gain probability vs. loss probability	1.21	1.21	+0.01
Calmar ratio: Return relative to maximum drawdown	1.88	1.30	+0.58
Martin ratio: Return relative to average drawdown	5.86	5.52	+0.35

JATNX vs. JANBX - Sharpe Ratio Comparison

The current JATNX Sharpe Ratio is 1.19, which is comparable to the JANBX Sharpe Ratio of 1.14. The chart below compares the historical Sharpe Ratios of JATNX and JANBX, 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. JANBX - Drawdown Comparison

The maximum JATNX drawdown since its inception was -46.39%, which is greater than JANBX's maximum drawdown of -31.70%. Use the drawdown chart below to compare losses from any high point for JATNX and JANBX.

Drawdown Indicators

	JATNX	JANBX	Difference
Max Drawdown Largest peak-to-trough decline	-46.39%	-31.70%	-14.69%
Max Drawdown (1Y) Largest decline over 1 year	-15.92%	-8.13%	-7.79%
Max Drawdown (3Y) Largest decline over 3 years	-23.90%	-11.91%	-11.99%
Max Drawdown (5Y) Largest decline over 5 years	-46.39%	-21.52%	-24.87%
Max Drawdown (10Y) Largest decline over 10 years	—	-22.49%	—
Current Drawdown Current decline from peak	-11.19%	-0.44%	-10.75%
Average Drawdown Average peak-to-trough decline	-8.83%	-6.62%	-2.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.09%	1.91%	+3.18%

Volatility

JATNX vs. JANBX - Volatility Comparison

Janus Henderson Global Technology and Innovation Fund Class N (JATNX) has a higher volatility of 11.03% compared to Janus Henderson Balanced Fund (JANBX) at 2.42%. This indicates that JATNX's price experiences larger fluctuations and is considered to be riskier than JANBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JATNX	JANBX	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.03%	2.42%	+8.61%
Volatility (6M) Calculated over the trailing 6-month period	21.94%	7.63%	+14.31%
Volatility (1Y) Calculated over the trailing 1-year period	25.19%	9.22%	+15.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.18%	11.29%	+15.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.50%	11.17%	+14.33%

JATNX vs. JANBX - Expense Ratio Comparison

JATNX has a 0.69% expense ratio, which is lower than JANBX's 0.70% expense ratio.

Dividends

JATNX vs. JANBX - Dividend Comparison

JATNX's dividend yield for the trailing twelve months is around 11.05%, more than JANBX's 8.51% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JANBX Janus Henderson Balanced Fund	8.51%	8.78%	6.96%	2.25%	1.95%	4.50%	2.49%	2.85%	7.06%	4.65%	2.55%	5.81%
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 JANBX in my portfolio?

JATNX and JANBX have a correlation of 0.80, 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 JANBX?

JATNX has higher volatility (11.03%) compared to JANBX (2.42%). In terms of maximum drawdown, JATNX dropped -46.39% vs JANBX's -31.70%.

Which has better risk-adjusted returns?

JATNX currently has the higher Sharpe Ratio (1.19 vs 1.14), 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.