JDMNX vs. PNAIX
Compare and contrast key facts about Janus Henderson Enterprise Fund Class N (JDMNX) and T. Rowe Price All-Cap Opportunities Fund I Class (PNAIX).
JDMNX is an actively managed fund by Janus Henderson. It was launched on Sep 1, 1992. PNAIX is a passively managed fund by T. Rowe Price that tracks the performance of the Russell 3000 Index. It was launched on Dec 17, 2015.
Performance
JDMNX vs. PNAIX - Performance Comparison
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JDMNX vs. PNAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JDMNX Janus Henderson Enterprise Fund Class N | -8.43% | 7.77% | 15.40% | 18.15% | -15.92% | 17.17% | 20.55% | 35.41% | -0.80% | 26.41% |
PNAIX T. Rowe Price All-Cap Opportunities Fund I Class | -12.32% | 26.95% | 25.43% | 29.18% | -21.25% | 20.76% | 44.92% | 35.66% | 1.40% | 20.15% |
Returns By Period
In the year-to-date period, JDMNX achieves a -8.43% return, which is significantly higher than PNAIX's -12.32% return. Over the past 10 years, JDMNX has underperformed PNAIX with an annualized return of 11.40%, while PNAIX has yielded a comparatively higher 15.11% annualized return.
JDMNX
- 1D
- -0.36%
- 1M
- -8.29%
- YTD
- -8.43%
- 6M
- -6.78%
- 1Y
- 2.81%
- 3Y*
- 7.43%
- 5Y*
- 4.79%
- 10Y*
- 11.40%
PNAIX
- 1D
- -0.24%
- 1M
- -9.12%
- YTD
- -12.32%
- 6M
- -3.70%
- 1Y
- 16.53%
- 3Y*
- 18.96%
- 5Y*
- 10.51%
- 10Y*
- 15.11%
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JDMNX vs. PNAIX - Expense Ratio Comparison
Both JDMNX and PNAIX have an expense ratio of 0.66%.
Return for Risk
JDMNX vs. PNAIX — Risk / Return Rank
JDMNX
PNAIX
JDMNX vs. PNAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Enterprise Fund Class N (JDMNX) and T. Rowe Price All-Cap Opportunities Fund I Class (PNAIX). 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 | PNAIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.16 | 0.88 | -0.72 |
Sortino ratioReturn per unit of downside risk | 0.36 | 1.44 | -1.08 |
Omega ratioGain probability vs. loss probability | 1.05 | 1.21 | -0.16 |
Calmar ratioReturn relative to maximum drawdown | 0.12 | 1.04 | -0.92 |
Martin ratioReturn relative to average drawdown | 0.42 | 3.84 | -3.42 |
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 | PNAIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.16 | 0.88 | -0.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.27 | 0.59 | -0.32 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | 0.79 | -0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.72 | 0.76 | -0.04 |
Correlation
The correlation between JDMNX and PNAIX is 0.87, 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.
Dividends
JDMNX vs. PNAIX - Dividend Comparison
JDMNX's dividend yield for the trailing twelve months is around 8.14%, less than PNAIX's 19.22% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JDMNX Janus Henderson Enterprise Fund Class N | 8.14% | 7.46% | 7.00% | 7.40% | 10.36% | 15.92% | 8.49% | 4.52% | 6.48% | 1.76% | 1.86% | 3.62% |
PNAIX T. Rowe Price All-Cap Opportunities Fund I Class | 19.22% | 16.85% | 9.37% | 5.23% | 3.31% | 20.62% | 15.56% | 7.43% | 12.75% | 0.29% | 0.00% | 0.00% |
Drawdowns
JDMNX vs. PNAIX - Drawdown Comparison
The maximum JDMNX drawdown since its inception was -38.24%, which is greater than PNAIX's maximum drawdown of -30.49%. Use the drawdown chart below to compare losses from any high point for JDMNX and PNAIX.
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Drawdown Indicators
| JDMNX | PNAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.24% | -30.49% | -7.75% |
Max Drawdown (1Y)Largest decline over 1 year | -12.56% | -14.02% | +1.46% |
Max Drawdown (5Y)Largest decline over 5 years | -24.15% | -29.29% | +5.14% |
Max Drawdown (10Y)Largest decline over 10 years | -38.24% | -30.49% | -7.75% |
Current DrawdownCurrent decline from peak | -11.37% | -14.02% | +2.65% |
Average DrawdownAverage peak-to-trough decline | -4.18% | -5.54% | +1.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.55% | 3.78% | -0.23% |
Volatility
JDMNX vs. PNAIX - Volatility Comparison
The current volatility for Janus Henderson Enterprise Fund Class N (JDMNX) is 4.44%, while T. Rowe Price All-Cap Opportunities Fund I Class (PNAIX) has a volatility of 4.88%. This indicates that JDMNX experiences smaller price fluctuations and is considered to be less risky than PNAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JDMNX | PNAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.44% | 4.88% | -0.44% |
Volatility (6M)Calculated over the trailing 6-month period | 10.12% | 12.45% | -2.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.50% | 19.41% | -0.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.58% | 17.87% | -0.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.65% | 19.26% | -0.61% |