JAWWX vs. JGLTX

Last updated Jun 26, 2026

JAWWX (Janus Henderson Global Research Fund Class T) and JGLTX (Janus Henderson VIT Global Technology and Innovation Portfolio) are both mutual funds - JAWWX is a Global Equities fund actively managed by Janus Henderson, while JGLTX is a Technology Equities fund managed by Janus Henderson. Over the past 10 years, JAWWX returned 14.07%/yr vs 24.66%/yr for JGLTX. Their correlation of 0.87 suggests significant overlap in exposure. JAWWX charges 0.87%/yr vs 0.72%/yr for JGLTX.

Performance

JAWWX vs. JGLTX - Performance Comparison

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

Returns By Period

In the year-to-date period, JAWWX achieves a 6.76% return, which is significantly lower than JGLTX's 28.11% return. Over the past 10 years, JAWWX has underperformed JGLTX with an annualized return of 14.07%, while JGLTX has yielded a comparatively higher 24.66% annualized return.

JAWWX

• 1D: -0.27%
• 1M: -0.90%
• YTD: 6.76%
• 6M: 5.91%
• 1Y: 17.49%
• 3Y*: 20.88%
• 5Y*: 11.03%
• 10Y*: 14.07%

JGLTX

• 1D: -0.93%
• 1M: 2.03%
• YTD: 28.11%
• 6M: 27.26%
• 1Y: 44.26%
• 3Y*: 34.45%
• 5Y*: 16.71%
• 10Y*: 24.66%

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

JAWWX vs. JGLTX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JAWWX Janus Henderson Global Research Fund Class T	6.76%	20.67%	23.40%	26.66%	-19.64%	17.72%	20.09%	28.78%	-6.97%	26.75%
JGLTX Janus Henderson VIT Global Technology and Innovation Portfolio	28.11%	25.19%	32.10%	54.55%	-36.42%	18.28%	50.42%	45.29%	1.17%	45.17%

Correlation

The correlation between JAWWX and JGLTX is 0.82, 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	0.82
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (5Y) Calculated over the trailing 5-year period	0.89
Correlation (10Y) Calculated over the trailing 10-year period	0.87
Correlation (All Time) Calculated using the full available price history since Jan 18, 2000	0.87

The correlation between JAWWX and JGLTX has been stable across timeframes, ranging from 0.82 to 0.89 - a consistent structural relationship.

Return for Risk

JAWWX vs. JGLTX — Risk / Return Rank

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

JAWWX

JAWWX Risk / Return Rank: 32
JAWWX Sharpe Ratio Rank: 31
JAWWX Sortino Ratio Rank: 31
JAWWX Omega Ratio Rank: 31
JAWWX Calmar Ratio Rank: 27
JAWWX Martin Ratio Rank: 38

JGLTX

JGLTX Risk / Return Rank: 60
JGLTX Sharpe Ratio Rank: 65
JGLTX Sortino Ratio Rank: 49
JGLTX Omega Ratio Rank: 56
JGLTX Calmar Ratio Rank: 74
JGLTX Martin Ratio Rank: 54

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.

JAWWX vs. JGLTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Global Research Fund Class T (JAWWX) and Janus Henderson VIT Global Technology and Innovation Portfolio (JGLTX). 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.

	JAWWX	JGLTX	Difference
Sharpe ratio: Return per unit of total volatility	1.31	1.95	-0.63
Sortino ratio: Return per unit of downside risk	1.89	2.47	-0.58
Omega ratio: Gain probability vs. loss probability	1.24	1.34	-0.10
Calmar ratio: Return relative to maximum drawdown	1.63	2.89	-1.26
Martin ratio: Return relative to average drawdown	7.15	9.52	-2.37

JAWWX vs. JGLTX - Sharpe Ratio Comparison

The current JAWWX Sharpe Ratio is 1.31, which is lower than the JGLTX Sharpe Ratio of 1.95. The chart below compares the historical Sharpe Ratios of JAWWX and JGLTX, 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

JAWWX vs. JGLTX - Drawdown Comparison

The maximum JAWWX drawdown since its inception was -76.60%, smaller than the maximum JGLTX drawdown of -81.78%. Use the drawdown chart below to compare losses from any high point for JAWWX and JGLTX.

Drawdown Indicators

	JAWWX	JGLTX	Difference
Max Drawdown Largest peak-to-trough decline	-76.60%	-81.78%	+5.18%
Max Drawdown (1Y) Largest decline over 1 year	-10.78%	-15.81%	+5.03%
Max Drawdown (3Y) Largest decline over 3 years	-17.26%	-23.72%	+6.46%
Max Drawdown (5Y) Largest decline over 5 years	-29.05%	-45.18%	+16.13%
Max Drawdown (10Y) Largest decline over 10 years	-34.79%	-45.18%	+10.39%
Current Drawdown Current decline from peak	-2.62%	-5.68%	+3.06%
Average Drawdown Average peak-to-trough decline	-25.85%	-36.52%	+10.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.46%	4.79%	-2.33%

Volatility

JAWWX vs. JGLTX - Volatility Comparison

The current volatility for Janus Henderson Global Research Fund Class T (JAWWX) is 5.72%, while Janus Henderson VIT Global Technology and Innovation Portfolio (JGLTX) has a volatility of 13.00%. This indicates that JAWWX experiences smaller price fluctuations and is considered to be less risky than JGLTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JAWWX	JGLTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.72%	13.00%	-7.28%
Volatility (6M) Calculated over the trailing 6-month period	11.11%	20.08%	-8.97%
Volatility (1Y) Calculated over the trailing 1-year period	13.45%	23.55%	-10.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.59%	26.59%	-9.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.96%	24.71%	-6.75%

JAWWX vs. JGLTX - Expense Ratio Comparison

JAWWX has a 0.87% expense ratio, which is higher than JGLTX's 0.72% expense ratio.

Dividends

JAWWX vs. JGLTX - Dividend Comparison

JAWWX's dividend yield for the trailing twelve months is around 7.52%, less than JGLTX's 10.96% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JAWWX Janus Henderson Global Research Fund Class T	7.52%	8.03%	8.21%	4.82%	4.44%	11.58%	3.68%	4.77%	6.85%	0.60%	0.75%	0.75%
JGLTX Janus Henderson VIT Global Technology and Innovation Portfolio	10.96%	8.98%	0.00%	0.00%	26.96%	14.48%	7.71%	6.81%	4.95%	5.68%	3.71%	16.11%

Frequently Asked Questions

Can I hold both JAWWX and JGLTX in my portfolio?

JAWWX and JGLTX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JAWWX or JGLTX?

JGLTX has higher volatility (13.00%) compared to JAWWX (5.72%). In terms of maximum drawdown, JAWWX dropped -76.60% vs JGLTX's -81.78%.

Which has better risk-adjusted returns?

JGLTX currently has the higher Sharpe Ratio (1.95 vs 1.31), 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.