JDBAX vs. AOA
Compare and contrast key facts about Janus Henderson Balanced Fund Class A (JDBAX) and iShares Core Aggressive Allocation ETF (AOA).
JDBAX is managed by Janus Henderson. It was launched on Sep 1, 1992. AOA is a passively managed fund by iShares that tracks the performance of the S&P Target Risk Aggressive Index. It was launched on Nov 4, 2008.
Performance
JDBAX vs. AOA - Performance Comparison
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JDBAX vs. AOA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JDBAX Janus Henderson Balanced Fund Class A | -5.36% | 14.78% | 20.54% | 15.17% | -16.75% | 16.99% | 14.14% | 25.01% | 0.39% | 18.23% |
AOA iShares Core Aggressive Allocation ETF | -0.59% | 19.59% | 13.55% | 18.27% | -16.23% | 15.42% | 12.82% | 22.60% | -7.86% | 20.05% |
Returns By Period
In the year-to-date period, JDBAX achieves a -5.36% return, which is significantly lower than AOA's -0.59% return. Both investments have delivered pretty close results over the past 10 years, with JDBAX having a 9.97% annualized return and AOA not far behind at 9.69%.
JDBAX
- 1D
- 1.63%
- 1M
- -4.85%
- YTD
- -5.36%
- 6M
- -4.16%
- 1Y
- 10.47%
- 3Y*
- 12.76%
- 5Y*
- 7.45%
- 10Y*
- 9.97%
AOA
- 1D
- 0.61%
- 1M
- -4.11%
- YTD
- -0.59%
- 6M
- 1.92%
- 1Y
- 18.69%
- 3Y*
- 14.47%
- 5Y*
- 7.97%
- 10Y*
- 9.69%
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JDBAX vs. AOA - Expense Ratio Comparison
JDBAX has a 0.89% expense ratio, which is higher than AOA's 0.25% expense ratio.
Return for Risk
JDBAX vs. AOA — Risk / Return Rank
JDBAX
AOA
JDBAX vs. AOA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Balanced Fund Class A (JDBAX) and iShares Core Aggressive Allocation ETF (AOA). 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.
| JDBAX | AOA | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.91 | 1.35 | -0.45 |
Sortino ratioReturn per unit of downside risk | 1.39 | 1.97 | -0.58 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.29 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 1.38 | 1.98 | -0.60 |
Martin ratioReturn relative to average drawdown | 5.47 | 8.82 | -3.35 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| JDBAX | AOA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.91 | 1.35 | -0.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | 0.62 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.89 | 0.72 | +0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.65 | -0.02 |
Correlation
The correlation between JDBAX and AOA is 0.90, 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.
Dividends
JDBAX vs. AOA - Dividend Comparison
JDBAX's dividend yield for the trailing twelve months is around 8.67%, more than AOA's 2.19% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JDBAX Janus Henderson Balanced Fund Class A | 8.67% | 8.62% | 11.67% | 2.08% | 1.76% | 4.34% | 2.35% | 4.62% | 6.84% | 5.05% | 2.43% | 5.68% |
AOA iShares Core Aggressive Allocation ETF | 2.19% | 2.18% | 2.30% | 2.22% | 2.10% | 1.67% | 1.71% | 2.50% | 2.37% | 5.09% | 2.26% | 2.15% |
Drawdowns
JDBAX vs. AOA - Drawdown Comparison
The maximum JDBAX drawdown since its inception was -34.14%, which is greater than AOA's maximum drawdown of -28.38%. Use the drawdown chart below to compare losses from any high point for JDBAX and AOA.
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Drawdown Indicators
| JDBAX | AOA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.14% | -28.38% | -5.76% |
Max Drawdown (1Y)Largest decline over 1 year | -8.16% | -9.62% | +1.46% |
Max Drawdown (5Y)Largest decline over 5 years | -21.63% | -23.62% | +1.99% |
Max Drawdown (10Y)Largest decline over 10 years | -22.48% | -28.38% | +5.90% |
Current DrawdownCurrent decline from peak | -6.66% | -5.18% | -1.48% |
Average DrawdownAverage peak-to-trough decline | -5.42% | -4.08% | -1.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.05% | 2.16% | -0.11% |
Volatility
JDBAX vs. AOA - Volatility Comparison
The current volatility for Janus Henderson Balanced Fund Class A (JDBAX) is 3.84%, while iShares Core Aggressive Allocation ETF (AOA) has a volatility of 5.28%. This indicates that JDBAX experiences smaller price fluctuations and is considered to be less risky than AOA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JDBAX | AOA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.84% | 5.28% | -1.44% |
Volatility (6M)Calculated over the trailing 6-month period | 6.68% | 8.34% | -1.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.10% | 13.87% | -1.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.31% | 12.92% | -1.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.22% | 13.51% | -2.29% |