JDDVX vs. EVT

Last updated Jul 16, 2026

JDDVX (Janus Henderson U.S. Dividend Income Fund Class D) and EVT (Eaton Vance Tax-Advantaged Dividend Income Fund) are both Dividend funds. Over the past 3 years, JDDVX returned 17.93%/yr vs 14.99%/yr for EVT. A 0.76 correlation means they provide meaningful diversification when combined. JDDVX charges 0.81%/yr vs 0.01%/yr for EVT.

Performance

JDDVX vs. EVT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Janus Henderson U.S. Dividend Income Fund Class D (JDDVX) and Eaton Vance Tax-Advantaged Dividend Income Fund (EVT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with JDDVX having a 13.43% return and EVT slightly lower at 12.85%.

JDDVX

• 1D: -0.13%
• 1M: 0.36%
• 6M: 10.48%
• YTD: 13.43%
• 1Y: 21.81%
• 3Y*: 17.93%
• 5Y*: —
• 10Y*: —

EVT

• 1D: -0.28%
• 1M: 2.18%
• 6M: 10.27%
• YTD: 12.85%
• 1Y: 22.58%
• 3Y*: 14.99%
• 5Y*: 8.06%
• 10Y*: 11.17%

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

JDDVX vs. EVT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
JDDVX Janus Henderson U.S. Dividend Income Fund Class D	13.43%	17.68%	17.56%	8.13%
EVT Eaton Vance Tax-Advantaged Dividend Income Fund	12.85%	13.79%	17.34%	8.40%

Correlation

The correlation between JDDVX and EVT is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.69
Correlation (3Y) Calculated over the trailing 3-year period	0.75
Correlation (All Time) Calculated using the full available price history since May 17, 2023	0.76

The correlation between JDDVX and EVT has been stable across timeframes, ranging from 0.69 to 0.76 - a consistent structural relationship.

Return for Risk

JDDVX vs. EVT — Risk / Return Rank

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

JDDVX

JDDVX Risk / Return Rank: 69
JDDVX Sharpe Ratio Rank: 69
JDDVX Sortino Ratio Rank: 69
JDDVX Omega Ratio Rank: 64
JDDVX Calmar Ratio Rank: 71
JDDVX Martin Ratio Rank: 73

EVT

EVT Risk / Return Rank: 68
EVT Sharpe Ratio Rank: 70
EVT Sortino Ratio Rank: 69
EVT Omega Ratio Rank: 66
EVT Calmar Ratio Rank: 66
EVT Martin Ratio Rank: 71

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.

JDDVX vs. EVT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Janus Henderson U.S. Dividend Income Fund Class D (JDDVX) and Eaton Vance Tax-Advantaged Dividend Income Fund (EVT). 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.

	JDDVX	EVT	Difference
Sharpe ratio: Return per unit of total volatility	1.82	1.82	0.00
Sortino ratio: Return per unit of downside risk	2.59	2.57	+0.02
Omega ratio: Gain probability vs. loss probability	1.33	1.33	0.00
Calmar ratio: Return relative to maximum drawdown	2.60	2.46	+0.14
Martin ratio: Return relative to average drawdown	10.52	10.23	+0.29

JDDVX vs. EVT - Sharpe Ratio Comparison

The current JDDVX Sharpe Ratio is 1.82, which is comparable to the EVT Sharpe Ratio of 1.82. The chart below compares the historical Sharpe Ratios of JDDVX and EVT, 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

JDDVX vs. EVT - Drawdown Comparison

The maximum JDDVX drawdown since its inception was -17.21%, smaller than the maximum EVT drawdown of -74.01%. Use the drawdown chart below to compare losses from any high point for JDDVX and EVT.

Drawdown Indicators

	JDDVX	EVT	Difference
Max Drawdown Largest peak-to-trough decline	-17.21%	-74.01%	+56.80%
Max Drawdown (1Y) Largest decline over 1 year	-7.99%	-9.22%	+1.23%
Max Drawdown (3Y) Largest decline over 3 years	-17.21%	-19.09%	+1.88%
Max Drawdown (5Y) Largest decline over 5 years	—	-28.23%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-52.03%	—
Current Drawdown Current decline from peak	-0.40%	-1.57%	+1.17%
Average Drawdown Average peak-to-trough decline	-2.15%	-11.08%	+8.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.97%	2.21%	-0.24%

Volatility

JDDVX vs. EVT - Volatility Comparison

The current volatility for Janus Henderson U.S. Dividend Income Fund Class D (JDDVX) is 2.51%, while Eaton Vance Tax-Advantaged Dividend Income Fund (EVT) has a volatility of 3.83%. This indicates that JDDVX experiences smaller price fluctuations and is considered to be less risky than EVT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JDDVX	EVT	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.51%	3.83%	-1.32%
Volatility (6M) Calculated over the trailing 6-month period	8.95%	10.10%	-1.15%
Volatility (1Y) Calculated over the trailing 1-year period	11.41%	12.48%	-1.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.20%	17.16%	-3.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.20%	20.62%	-7.42%

JDDVX vs. EVT - Expense Ratio Comparison

JDDVX has a 0.81% expense ratio, which is higher than EVT's 0.01% expense ratio.

Dividends

JDDVX vs. EVT - Dividend Comparison

JDDVX's dividend yield for the trailing twelve months is around 2.98%, less than EVT's 7.27% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EVT Eaton Vance Tax-Advantaged Dividend Income Fund	7.27%	7.84%	8.02%	8.03%	8.44%	5.65%	7.97%	6.82%	9.16%	6.85%	8.47%	7.49%
JDDVX Janus Henderson U.S. Dividend Income Fund Class D	2.98%	3.18%	8.18%	1.53%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JDDVX and EVT in my portfolio?

JDDVX and EVT have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JDDVX or EVT?

EVT has higher volatility (3.83%) compared to JDDVX (2.51%). In terms of maximum drawdown, JDDVX dropped -17.21% vs EVT's -74.01%.

Which has better risk-adjusted returns?

EVT currently has the higher Sharpe Ratio (1.82 vs 1.82), 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.