JDMNX vs. MMGPX
JDMNX (Janus Henderson Enterprise Fund Class N) and MMGPX (Morgan Stanley Discovery Portfolio) are both Mid Cap Growth Equities funds. Over the past 5 years, JDMNX returned 6.69%/yr vs -6.17%/yr for MMGPX. Their 0.69 correlation means they have sometimes moved together and sometimes differently. JDMNX charges 0.66%/yr vs 0.04%/yr for MMGPX.
Performance
JDMNX vs. MMGPX - Performance Comparison
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Returns By Period
In the year-to-date period, JDMNX achieves a 7.90% return, which is significantly higher than MMGPX's -0.96% return.
JDMNX
- 1D
- 0.29%
- 1M
- -0.92%
- 6M
- 8.00%
- YTD
- 7.90%
- 1Y
- 12.71%
- 3Y*
- 10.96%
- 5Y*
- 6.69%
- 10Y*
- 12.52%
- ALL TIME*
- 13.39%
MMGPX
- 1D
- 2.26%
- 1M
- -3.86%
- 6M
- 4.78%
- YTD
- -0.96%
- 1Y
- -10.52%
- 3Y*
- 17.63%
- 5Y*
- -6.17%
- 10Y*
- —
- ALL TIME*
- 14.86%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
JDMNX vs. MMGPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JDMNX Janus Henderson Enterprise Fund Class N | 7.90% | 7.77% | 15.40% | 18.15% | -15.92% | 17.17% | 20.55% | 35.41% | -0.80% | 21.71% |
MMGPX Morgan Stanley Discovery Portfolio | -0.96% | 12.58% | 41.83% | 44.34% | -63.37% | -11.55% | 152.67% | 40.20% | 10.89% | 28.18% |
Correlation
The correlation between JDMNX and MMGPX is 0.64, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.64 |
Correlation (3Y) Balances recent behavior with more history. | 0.68 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.72 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2017 | 0.69 |
The correlation between JDMNX and MMGPX has been stable across timeframes, ranging from 0.64 to 0.72 - a consistent structural relationship.
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Return for Risk
JDMNX vs. MMGPX — Risk / Return Rank
JDMNX
MMGPX
JDMNX vs. MMGPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Enterprise Fund Class N (JDMNX) and Morgan Stanley Discovery Portfolio (MMGPX). 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.
| JDMNX | MMGPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.09 | ||
| Sortino ratioReturn per unit of downside risk | +1.46 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 0.97 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 0.96 | -0.34 | +1.30 |
| Martin ratioReturn relative to average drawdown | 3.34 | -0.66 | +4.00 |
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Drawdowns
JDMNX vs. MMGPX - Drawdown Comparison
The maximum JDMNX drawdown since its inception was -38.24%, smaller than the maximum MMGPX drawdown of -75.38%. Use the drawdown chart below to compare losses from any high point for JDMNX and MMGPX.
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Drawdown Indicators
| JDMNX | MMGPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.24% | -75.38% | +37.14% |
Max Drawdown (1Y)Largest decline over 1 year | -11.37% | -27.79% | +16.42% |
Max Drawdown (3Y)Largest decline over 3 years | -19.53% | -29.27% | +9.74% |
Max Drawdown (5Y)Largest decline over 5 years | -24.15% | -72.70% | +48.55% |
Max Drawdown (10Y)Largest decline over 10 years | -38.24% | — | — |
Current DrawdownCurrent decline from peak | -1.32% | -40.82% | +39.50% |
Average DrawdownAverage peak-to-trough decline | -4.12% | -30.40% | +26.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.25% | 14.47% | -11.22% |
Volatility
JDMNX vs. MMGPX - Volatility Comparison
The current volatility for Janus Henderson Enterprise Fund Class N (JDMNX) is 3.04%, while Morgan Stanley Discovery Portfolio (MMGPX) has a volatility of 6.84%. This indicates that JDMNX experiences smaller price fluctuations and is considered to be less risky than MMGPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JDMNX | MMGPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.04% | 6.84% | -3.80% |
Volatility (6M)Calculated over the trailing 6-month period | 11.33% | 21.99% | -10.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.37% | 28.90% | -14.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.72% | 39.83% | -22.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.69% | 35.11% | -16.42% |
JDMNX vs. MMGPX - Expense Ratio Comparison
JDMNX has a 0.66% expense ratio, which is higher than MMGPX's 0.04% expense ratio.
Dividends
JDMNX vs. MMGPX - Dividend Comparison
JDMNX's dividend yield for the trailing twelve months is around 6.91%, while MMGPX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JDMNX Janus Henderson Enterprise Fund Class N | 6.91% | 7.46% | 7.00% | 7.40% | 10.36% | 15.92% | 8.49% | 4.52% | 6.48% | 1.76% | 1.86% | 3.62% |
MMGPX Morgan Stanley Discovery Portfolio | 0.00% | 0.43% | 0.00% | 0.00% | 125.40% | 64.53% | 7.93% | 15.63% | 28.02% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JDMNX and MMGPX have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MMGPX has higher volatility (6.84%) compared to JDMNX (3.04%). In terms of maximum drawdown, JDMNX dropped -38.24% vs MMGPX's -75.38%.
JDMNX currently has the higher Sharpe Ratio (0.76 vs -0.33), 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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