JDMNX vs. JGLTX
JDMNX (Janus Henderson Enterprise Fund Class N) and JGLTX (Janus Henderson VIT Global Technology and Innovation Portfolio) are both mutual funds - JDMNX is a Mid Cap Growth Equities fund actively managed by Janus Henderson, while JGLTX is a Technology Equities fund managed by Janus Henderson. Over the past 10 years, JDMNX returned 12.78%/yr vs 24.87%/yr for JGLTX. Their correlation of 0.81 suggests significant overlap in exposure. JDMNX charges 0.66%/yr vs 0.72%/yr for JGLTX.
Performance
JDMNX vs. JGLTX - Performance Comparison
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Returns By Period
In the year-to-date period, JDMNX achieves a 6.63% return, which is significantly lower than JGLTX's 35.13% return. Over the past 10 years, JDMNX has underperformed JGLTX with an annualized return of 12.78%, while JGLTX has yielded a comparatively higher 24.87% annualized return.
JDMNX
- 1D
- 0.31%
- 1M
- 5.54%
- YTD
- 6.63%
- 6M
- 7.03%
- 1Y
- 13.90%
- 3Y*
- 13.06%
- 5Y*
- 7.38%
- 10Y*
- 12.78%
JGLTX
- 1D
- 0.97%
- 1M
- 18.11%
- YTD
- 35.13%
- 6M
- 35.19%
- 1Y
- 60.36%
- 3Y*
- 37.03%
- 5Y*
- 19.79%
- 10Y*
- 24.87%
JDMNX vs. JGLTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JDMNX Janus Henderson Enterprise Fund Class N | 6.63% | 7.77% | 15.40% | 18.15% | -15.92% | 17.17% | 20.55% | 35.41% | -0.80% | 26.41% |
JGLTX Janus Henderson VIT Global Technology and Innovation Portfolio | 35.13% | 25.19% | 32.10% | 54.55% | -36.42% | 18.28% | 50.42% | 45.29% | 1.17% | 45.17% |
Correlation
The correlation between JDMNX and JGLTX is 0.55, 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 | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2012 | 0.81 |
Over the past year, the correlation between JDMNX and JGLTX has dropped to 0.55 - well below their long-term average of 0.81, suggesting their price drivers have been diverging.
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Return for Risk
JDMNX vs. JGLTX — Risk / Return Rank
JDMNX
JGLTX
JDMNX vs. JGLTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Enterprise Fund Class N (JDMNX) and Janus Henderson VIT Global Technology and Innovation Portfolio (JGLTX). 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.
| JDMNX | JGLTX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.92 | ||
| Sortino ratioReturn per unit of downside risk | -2.05 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.49 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 1.33 | 3.92 | -2.59 |
| Martin ratioReturn relative to average drawdown | 4.64 | 13.43 | -8.79 |
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
| JDMNX | JGLTX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.10 | 3.02 | -1.92 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.42 | 0.76 | -0.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.69 | 1.02 | -0.33 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.78 | 0.36 | +0.42 |
Drawdowns
JDMNX vs. JGLTX - Drawdown Comparison
The maximum JDMNX drawdown since its inception was -38.24%, smaller than the maximum JGLTX drawdown of -81.78%. Use the drawdown chart below to compare losses from any high point for JDMNX and JGLTX.
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Drawdown Indicators
| JDMNX | JGLTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.24% | -81.78% | +43.54% |
Max Drawdown (1Y)Largest decline over 1 year | -11.37% | -15.81% | +4.44% |
Max Drawdown (3Y)Largest decline over 3 years | -19.53% | -23.72% | +4.19% |
Max Drawdown (5Y)Largest decline over 5 years | -24.15% | -45.18% | +21.03% |
Max Drawdown (10Y)Largest decline over 10 years | -38.24% | -45.18% | +6.94% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -4.16% | -36.60% | +32.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.26% | 4.60% | -1.34% |
Volatility
JDMNX vs. JGLTX - Volatility Comparison
The current volatility for Janus Henderson Enterprise Fund Class N (JDMNX) is 4.19%, while Janus Henderson VIT Global Technology and Innovation Portfolio (JGLTX) has a volatility of 6.73%. This indicates that JDMNX experiences smaller price fluctuations and is considered to be less risky than JGLTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JDMNX | JGLTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.19% | 6.73% | -2.54% |
Volatility (6M)Calculated over the trailing 6-month period | 10.55% | 16.85% | -6.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.78% | 20.49% | -6.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.67% | 26.10% | -8.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.71% | 24.49% | -5.78% |
JDMNX vs. JGLTX - Expense Ratio Comparison
JDMNX has a 0.66% expense ratio, which is lower than JGLTX's 0.72% expense ratio.
Dividends
JDMNX vs. JGLTX - Dividend Comparison
JDMNX's dividend yield for the trailing twelve months is around 6.99%, more than JGLTX's 6.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JDMNX Janus Henderson Enterprise Fund Class N | 6.99% | 7.46% | 7.00% | 7.40% | 10.36% | 15.92% | 8.49% | 4.52% | 6.48% | 1.76% | 1.86% | 3.62% |
JGLTX Janus Henderson VIT Global Technology and Innovation Portfolio | 6.64% | 8.98% | 0.00% | 0.00% | 26.96% | 14.48% | 7.71% | 6.81% | 4.95% | 5.68% | 3.71% | 16.11% |
Frequently Asked Questions
JDMNX and JGLTX have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JGLTX has higher volatility (6.73%) compared to JDMNX (4.19%). In terms of maximum drawdown, JDMNX dropped -38.24% vs JGLTX's -81.78%.
JGLTX currently has the higher Sharpe Ratio (3.02 vs 1.10), 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.
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