JDBAX vs. AYBLX

Last updated Jun 24, 2026

JDBAX (Janus Henderson Balanced Fund Class A) and AYBLX (Pioneer Balanced ESG Fund) are both Diversified Portfolio funds. Over the past 10 years, JDBAX returned 11.15%/yr vs 10.67%/yr for AYBLX. Their correlation of 0.93 suggests significant overlap in exposure. JDBAX charges 0.89%/yr vs 0.65%/yr for AYBLX.

Performance

JDBAX vs. AYBLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Janus Henderson Balanced Fund Class A (JDBAX) and Pioneer Balanced ESG Fund (AYBLX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JDBAX achieves a 3.40% return, which is significantly lower than AYBLX's 13.99% return. Both investments have delivered pretty close results over the past 10 years, with JDBAX having a 11.15% annualized return and AYBLX not far behind at 10.67%.

JDBAX

• 1D: -0.42%
• 1M: 1.06%
• YTD: 3.40%
• 6M: 2.93%
• 1Y: 13.47%
• 3Y*: 15.24%
• 5Y*: 8.39%
• 10Y*: 11.15%

AYBLX

• 1D: -0.21%
• 1M: 1.64%
• YTD: 13.99%
• 6M: 13.54%
• 1Y: 32.24%
• 3Y*: 17.53%
• 5Y*: 9.58%
• 10Y*: 10.67%

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

JDBAX vs. AYBLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JDBAX Janus Henderson Balanced Fund Class A	3.40%	14.78%	20.54%	15.17%	-16.75%	16.99%	14.14%	25.01%	0.39%	18.23%
AYBLX Pioneer Balanced ESG Fund	13.99%	19.80%	9.64%	15.41%	-14.39%	15.48%	12.92%	22.22%	-4.43%	15.19%

Correlation

The correlation between JDBAX and AYBLX is 0.88, 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	0.88
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (5Y) Calculated over the trailing 5-year period	0.93
Correlation (10Y) Calculated over the trailing 10-year period	0.93
Correlation (All Time) Calculated using the full available price history since Jan 25, 2005	0.93

The correlation between JDBAX and AYBLX has been stable across timeframes, ranging from 0.88 to 0.93 - a consistent structural relationship.

Return for Risk

JDBAX vs. AYBLX — Risk / Return Rank

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

JDBAX

JDBAX Risk / Return Rank: 31
JDBAX Sharpe Ratio Rank: 33
JDBAX Sortino Ratio Rank: 32
JDBAX Omega Ratio Rank: 32
JDBAX Calmar Ratio Rank: 25
JDBAX Martin Ratio Rank: 35

AYBLX

AYBLX Risk / Return Rank: 95
AYBLX Sharpe Ratio Rank: 97
AYBLX Sortino Ratio Rank: 95
AYBLX Omega Ratio Rank: 90
AYBLX Calmar Ratio Rank: 94
AYBLX Martin Ratio Rank: 97

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.

JDBAX vs. AYBLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Balanced Fund Class A (JDBAX) and Pioneer Balanced ESG Fund (AYBLX). 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.

	JDBAX	AYBLX	Difference
Sharpe ratio: Return per unit of total volatility	1.54	3.33	-1.79
Sortino ratio: Return per unit of downside risk	2.20	4.68	-2.47
Omega ratio: Gain probability vs. loss probability	1.28	1.62	-0.34
Calmar ratio: Return relative to maximum drawdown	1.74	5.16	-3.43
Martin ratio: Return relative to average drawdown	7.41	24.00	-16.59

JDBAX vs. AYBLX - Sharpe Ratio Comparison

The current JDBAX Sharpe Ratio is 1.54, which is lower than the AYBLX Sharpe Ratio of 3.33. The chart below compares the historical Sharpe Ratios of JDBAX and AYBLX, 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

JDBAX vs. AYBLX - Drawdown Comparison

The maximum JDBAX drawdown since its inception was -34.14%, smaller than the maximum AYBLX drawdown of -36.28%. Use the drawdown chart below to compare losses from any high point for JDBAX and AYBLX.

Drawdown Indicators

	JDBAX	AYBLX	Difference
Max Drawdown Largest peak-to-trough decline	-34.14%	-36.28%	+2.14%
Max Drawdown (1Y) Largest decline over 1 year	-8.16%	-6.41%	-1.75%
Max Drawdown (3Y) Largest decline over 3 years	-11.96%	-13.39%	+1.43%
Max Drawdown (5Y) Largest decline over 5 years	-21.63%	-20.26%	-1.37%
Max Drawdown (10Y) Largest decline over 10 years	-22.48%	-24.24%	+1.76%
Current Drawdown Current decline from peak	-0.58%	-0.52%	-0.06%
Average Drawdown Average peak-to-trough decline	-5.37%	-3.78%	-1.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.91%	1.38%	+0.53%

Volatility

JDBAX vs. AYBLX - Volatility Comparison

Janus Henderson Balanced Fund Class A (JDBAX) and Pioneer Balanced ESG Fund (AYBLX) have volatilities of 3.52% and 3.63%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JDBAX	AYBLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.52%	3.63%	-0.11%
Volatility (6M) Calculated over the trailing 6-month period	7.55%	7.83%	-0.28%
Volatility (1Y) Calculated over the trailing 1-year period	9.23%	9.95%	-0.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.43%	11.13%	+0.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.31%	11.33%	-0.02%

JDBAX vs. AYBLX - Expense Ratio Comparison

JDBAX has a 0.89% expense ratio, which is higher than AYBLX's 0.65% expense ratio.

Dividends

JDBAX vs. AYBLX - Dividend Comparison

JDBAX's dividend yield for the trailing twelve months is around 8.38%, more than AYBLX's 3.24% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AYBLX Pioneer Balanced ESG Fund	3.24%	3.58%	2.59%	1.76%	3.23%	8.61%	4.12%	6.03%	9.97%	9.42%	2.63%	4.14%
JDBAX Janus Henderson Balanced Fund Class A	8.38%	8.62%	11.67%	2.08%	1.76%	4.34%	2.35%	4.62%	6.84%	5.05%	2.43%	5.68%

Frequently Asked Questions

Can I hold both JDBAX and AYBLX in my portfolio?

JDBAX and AYBLX have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JDBAX or AYBLX?

AYBLX has higher volatility (3.63%) compared to JDBAX (3.52%). In terms of maximum drawdown, JDBAX dropped -34.14% vs AYBLX's -36.28%.

Which has better risk-adjusted returns?

AYBLX currently has the higher Sharpe Ratio (3.33 vs 1.54), 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.