JDBAX vs. SPY
Compare and contrast key facts about Janus Henderson Balanced Fund Class A (JDBAX) and SPDR S&P 500 ETF (SPY).
JDBAX is managed by Janus Henderson. It was launched on Sep 1, 1992. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JDBAX or SPY.
Correlation
The correlation between JDBAX and SPY 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. SPY - Performance Comparison
Key characteristics
JDBAX:
0.22
SPY:
0.51
JDBAX:
0.39
SPY:
0.86
JDBAX:
1.06
SPY:
1.13
JDBAX:
0.19
SPY:
0.55
JDBAX:
0.60
SPY:
2.26
JDBAX:
5.02%
SPY:
4.55%
JDBAX:
13.60%
SPY:
20.08%
JDBAX:
-33.09%
SPY:
-55.19%
JDBAX:
-9.68%
SPY:
-9.89%
Returns By Period
In the year-to-date period, JDBAX achieves a -2.44% return, which is significantly higher than SPY's -5.76% return. Over the past 10 years, JDBAX has underperformed SPY with an annualized return of 5.13%, while SPY has yielded a comparatively higher 11.99% annualized return.
JDBAX
-2.44%
-1.51%
-6.41%
3.76%
6.73%
5.13%
SPY
-5.76%
-3.16%
-4.30%
10.76%
15.96%
11.99%
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JDBAX vs. SPY - Expense Ratio Comparison
JDBAX has a 0.89% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
JDBAX vs. SPY — Risk-Adjusted Performance Rank
JDBAX
SPY
JDBAX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Balanced Fund Class A (JDBAX) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
JDBAX's dividend yield for the trailing twelve months is around 1.92%, more than SPY's 1.30% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JDBAX Janus Henderson Balanced Fund Class A | 1.92% | 1.90% | 2.08% | 0.91% | 0.67% | 1.22% | 1.63% | 1.68% | 1.69% | 1.99% | 1.50% | 1.72% |
SPY SPDR S&P 500 ETF | 1.30% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
JDBAX vs. SPY - Drawdown Comparison
The maximum JDBAX drawdown since its inception was -33.09%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for JDBAX and SPY. For additional features, visit the drawdowns tool.
Volatility
JDBAX vs. SPY - Volatility Comparison
The current volatility for Janus Henderson Balanced Fund Class A (JDBAX) is 8.93%, while SPDR S&P 500 ETF (SPY) has a volatility of 15.12%. This indicates that JDBAX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.