JDBAX vs. ABALX
Compare and contrast key facts about Janus Henderson Balanced Fund Class A (JDBAX) and American Funds American Balanced Fund Class A (ABALX).
JDBAX is managed by Janus Henderson. It was launched on Sep 1, 1992. ABALX is managed by American Funds. It was launched on Jul 26, 1975.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JDBAX or ABALX.
Key characteristics
| JDBAX | ABALX | |
|---|---|---|
| YTD Return | 17.11% | 16.65% |
| 1Y Return | 26.18% | 26.94% |
| 3Y Return (Ann) | 4.22% | 5.72% |
| 5Y Return (Ann) | 9.19% | 9.16% |
| 10Y Return (Ann) | 8.71% | 8.54% |
| Sharpe Ratio | 2.95 | 3.06 |
| Sortino Ratio | 4.18 | 4.36 |
| Omega Ratio | 1.55 | 1.59 |
| Calmar Ratio | 2.21 | 3.24 |
| Martin Ratio | 19.21 | 21.38 |
| Ulcer Index | 1.31% | 1.22% |
| Daily Std Dev | 8.55% | 8.51% |
| Max Drawdown | -33.09% | -39.31% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between JDBAX and ABALX is 0.93, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
JDBAX vs. ABALX - Performance Comparison
The year-to-date returns for both stocks are quite close, with JDBAX having a 17.11% return and ABALX slightly lower at 16.65%. Both investments have delivered pretty close results over the past 10 years, with JDBAX having a 8.71% annualized return and ABALX not far behind at 8.54%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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JDBAX vs. ABALX - Expense Ratio Comparison
JDBAX has a 0.89% expense ratio, which is higher than ABALX's 0.56% expense ratio.
Risk-Adjusted Performance
JDBAX vs. ABALX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Balanced Fund Class A (JDBAX) and American Funds American Balanced Fund Class A (ABALX). 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.
Dividends
JDBAX vs. ABALX - Dividend Comparison
JDBAX's dividend yield for the trailing twelve months is around 1.69%, less than ABALX's 2.12% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JDBAX Janus Henderson Balanced Fund Class A | 1.69% | 2.08% | 0.91% | 0.67% | 1.22% | 1.63% | 1.68% | 1.69% | 1.99% | 1.50% | 1.72% | 1.51% |
ABALX American Funds American Balanced Fund Class A | 2.12% | 2.36% | 1.69% | 1.20% | 1.32% | 1.91% | 2.10% | 1.79% | 1.77% | 2.47% | 8.09% | 1.54% |
Drawdowns
JDBAX vs. ABALX - Drawdown Comparison
The maximum JDBAX drawdown since its inception was -33.09%, smaller than the maximum ABALX drawdown of -39.31%. Use the drawdown chart below to compare losses from any high point for JDBAX and ABALX. For additional features, visit the drawdowns tool.
Volatility
JDBAX vs. ABALX - Volatility Comparison
Janus Henderson Balanced Fund Class A (JDBAX) has a higher volatility of 2.58% compared to American Funds American Balanced Fund Class A (ABALX) at 2.39%. This indicates that JDBAX's price experiences larger fluctuations and is considered to be riskier than ABALX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.