JAWGX vs. JANIX

Last updated Aug 4, 2026

JAWGX (Janus Henderson VIT Global Research Portfolio) and JANIX (Janus Henderson Triton Fund) are both mutual funds - JAWGX is a Global Equities fund managed by Janus Henderson, while JANIX is a Small Cap Growth Equities fund managed by Janus Henderson. Over the past 10 years, JAWGX returned 13.75%/yr vs 10.19%/yr for JANIX. Their correlation of 0.85 means they have usually moved in the same direction. JAWGX charges 0.64%/yr vs 0.78%/yr for JANIX.

Performance

JAWGX vs. JANIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Janus Henderson VIT Global Research Portfolio (JAWGX) and Janus Henderson Triton Fund (JANIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JAWGX achieves a 9.35% return, which is significantly lower than JANIX's 13.84% return. Over the past 10 years, JAWGX has outperformed JANIX with an annualized return of 13.75%, while JANIX has yielded a comparatively lower 10.19% annualized return.

JAWGX

• 1D: 0.84%
• 1M: 0.39%
• 6M: 6.84%
• YTD: 9.35%
• 1Y: 17.04%
• 3Y*: 20.03%
• 5Y*: 11.67%
• 10Y*: 13.75%
• ALL TIME*: 9.29%

JANIX

• 1D: -0.23%
• 1M: -2.69%
• 6M: 9.68%
• YTD: 13.84%
• 1Y: 23.17%
• 3Y*: 11.90%
• 5Y*: 4.13%
• 10Y*: 10.19%
• ALL TIME*: 10.56%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
JANIX Janus Henderson Triton Fund	$0.00	$0.00	$0.00
JAWGX Janus Henderson VIT Global Research Portfolio	$0.00	$0.00	$0.00

JAWGX vs. JANIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JAWGX Janus Henderson VIT Global Research Portfolio	9.35%	20.97%	23.56%	26.77%	-19.21%	18.12%	19.64%	29.06%	-6.86%	27.03%
JANIX Janus Henderson Triton Fund	13.84%	9.66%	10.40%	14.68%	-23.65%	6.76%	28.56%	28.42%	-5.15%	27.01%

Correlation

The correlation between JAWGX and JANIX is 0.78, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.78
Correlation (3Y) Balances recent behavior with more history.	0.78
Correlation (5Y) Shows whether the relationship held over a longer period.	0.84
Correlation (10Y) Provides a long-term view across more market conditions.	0.84
Correlation (All Time) Calculated using the full available price history since Feb 28, 2005	0.85

The correlation between JAWGX and JANIX has been stable across timeframes, ranging from 0.78 to 0.85 - a consistent structural relationship.

Return for Risk

JAWGX vs. JANIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

JAWGX

JAWGX Risk / Return Rank: 33
JAWGX Sharpe Ratio Rank: 31
JAWGX Sortino Ratio Rank: 32
JAWGX Omega Ratio Rank: 30
JAWGX Calmar Ratio Rank: 30
JAWGX Martin Ratio Rank: 40

JANIX

JANIX Risk / Return Rank: 44
JANIX Sharpe Ratio Rank: 39
JANIX Sortino Ratio Rank: 42
JANIX Omega Ratio Rank: 36
JANIX Calmar Ratio Rank: 47
JANIX Martin Ratio Rank: 55

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

JAWGX vs. JANIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Janus Henderson VIT Global Research Portfolio (JAWGX) and Janus Henderson Triton Fund (JANIX). 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.

	JAWGX	JANIX	Difference
Sharpe ratio: Return per unit of total volatility	1.12	1.28	-0.16
Sortino ratio: Return per unit of downside risk	1.65	1.93	-0.28
Omega ratio: Gain probability vs. loss probability	1.20	1.22	-0.02
Calmar ratio: Return relative to maximum drawdown	1.45	1.94	-0.49
Martin ratio: Return relative to average drawdown	6.24	7.88	-1.64

JAWGX vs. JANIX - Sharpe Ratio Comparison

The current JAWGX Sharpe Ratio is 1.12, which is comparable to the JANIX Sharpe Ratio of 1.28. The chart below compares the historical Sharpe Ratios of JAWGX and JANIX, 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

JAWGX vs. JANIX - Drawdown Comparison

The maximum JAWGX drawdown since its inception was -70.46%, which is greater than JANIX's maximum drawdown of -62.76%. Use the drawdown chart below to compare losses from any high point for JAWGX and JANIX.

Drawdown Indicators

	JAWGX	JANIX	Difference
Max Drawdown Largest peak-to-trough decline	-70.46%	-62.76%	-7.70%
Max Drawdown (1Y) Largest decline over 1 year	-10.75%	-11.05%	+0.30%
Max Drawdown (3Y) Largest decline over 3 years	-17.23%	-23.89%	+6.66%
Max Drawdown (5Y) Largest decline over 5 years	-28.58%	-31.80%	+3.22%
Max Drawdown (10Y) Largest decline over 10 years	-34.80%	-39.70%	+4.90%
Current Drawdown Current decline from peak	-0.32%	-3.41%	+3.09%
Average Drawdown Average peak-to-trough decline	-22.04%	-9.97%	-12.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.49%	2.73%	-0.24%

Volatility

JAWGX vs. JANIX - Volatility Comparison

Janus Henderson VIT Global Research Portfolio (JAWGX) has a higher volatility of 4.26% compared to Janus Henderson Triton Fund (JANIX) at 3.38%. This indicates that JAWGX's price experiences larger fluctuations and is considered to be riskier than JANIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JAWGX	JANIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.26%	3.38%	+0.88%
Volatility (6M) Calculated over the trailing 6-month period	11.64%	13.34%	-1.70%
Volatility (1Y) Calculated over the trailing 1-year period	13.94%	16.77%	-2.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.57%	19.70%	-2.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.94%	20.56%	-2.62%

JAWGX vs. JANIX - Expense Ratio Comparison

JAWGX has a 0.64% expense ratio, which is lower than JANIX's 0.78% expense ratio.

Dividends

JAWGX vs. JANIX - Dividend Comparison

JAWGX's dividend yield for the trailing twelve months is around 8.74%, less than JANIX's 9.87% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JANIX Janus Henderson Triton Fund	9.87%	11.23%	7.57%	7.15%	6.24%	20.40%	4.12%	4.26%	7.50%	5.08%	2.74%	7.76%
JAWGX Janus Henderson VIT Global Research Portfolio	8.74%	9.24%	3.81%	3.46%	14.54%	5.09%	5.34%	6.73%	1.27%	0.75%	1.06%	0.69%

Frequently Asked Questions

Can I hold both JAWGX and JANIX in my portfolio?

JAWGX and JANIX have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JAWGX or JANIX?

JAWGX has higher volatility (4.26%) compared to JANIX (3.38%). In terms of maximum drawdown, JAWGX dropped -70.46% vs JANIX's -62.76%.

Which has better risk-adjusted returns?

JANIX currently has the higher Sharpe Ratio (1.28 vs 1.12), 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.