JERIX vs. JANBX

Last updated Jun 5, 2026

JERIX (Janus Henderson Global Real Estate Fund) and JANBX (Janus Henderson Balanced Fund) are both mutual funds - JERIX is a REIT fund managed by Janus Henderson, while JANBX is a Diversified Portfolio fund managed by Janus Henderson. Over the past 10 years, JERIX returned 5.64%/yr vs 10.29%/yr for JANBX. A 0.71 correlation means they provide meaningful diversification when combined. JERIX charges 1.03%/yr vs 0.70%/yr for JANBX.

Performance

JERIX vs. JANBX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Janus Henderson Global Real Estate Fund (JERIX) and Janus Henderson Balanced Fund (JANBX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JERIX achieves a 6.71% return, which is significantly higher than JANBX's 3.37% return. Over the past 10 years, JERIX has underperformed JANBX with an annualized return of 5.64%, while JANBX has yielded a comparatively higher 10.29% annualized return.

JERIX

• 1D: -0.54%
• 1M: -3.01%
• YTD: 6.71%
• 6M: 6.45%
• 1Y: 11.61%
• 3Y*: 7.70%
• 5Y*: 0.06%
• 10Y*: 5.64%

JANBX

• 1D: -0.54%
• 1M: 2.14%
• YTD: 3.37%
• 6M: 3.46%
• 1Y: 14.09%
• 3Y*: 13.83%
• 5Y*: 7.77%
• 10Y*: 10.29%

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

JERIX vs. JANBX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JERIX Janus Henderson Global Real Estate Fund	6.71%	9.45%	0.11%	7.60%	-25.23%	22.43%	1.38%	30.91%	-3.15%	17.72%
JANBX Janus Henderson Balanced Fund	3.37%	14.99%	15.36%	15.38%	-16.60%	17.22%	14.34%	22.53%	0.64%	17.78%

Correlation

The correlation between JERIX and JANBX is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.41
Correlation (3Y) Calculated over the trailing 3-year period	0.52
Correlation (5Y) Calculated over the trailing 5-year period	0.63
Correlation (10Y) Calculated over the trailing 10-year period	0.63
Correlation (All Time) Calculated using the full available price history since Nov 30, 2007	0.71

Over the past year, the correlation between JERIX and JANBX has dropped to 0.41 - well below their long-term average of 0.71, suggesting their price drivers have been diverging.

Return for Risk

JERIX vs. JANBX — Risk / Return Rank

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

JERIX

JERIX Risk / Return Rank: 14
JERIX Sharpe Ratio Rank: 15
JERIX Sortino Ratio Rank: 14
JERIX Omega Ratio Rank: 14
JERIX Calmar Ratio Rank: 13
JERIX Martin Ratio Rank: 16

JANBX

JANBX Risk / Return Rank: 32
JANBX Sharpe Ratio Rank: 34
JANBX Sortino Ratio Rank: 33
JANBX Omega Ratio Rank: 34
JANBX Calmar Ratio Rank: 24
JANBX Martin Ratio Rank: 35

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.

JERIX vs. JANBX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Global Real Estate Fund (JERIX) and Janus Henderson Balanced Fund (JANBX). 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.

	JERIX	JANBX	Difference
Sharpe ratio: Return per unit of total volatility	1.05	1.68	-0.63
Sortino ratio: Return per unit of downside risk	1.51	2.42	-0.91
Omega ratio: Gain probability vs. loss probability	1.19	1.30	-0.11
Calmar ratio: Return relative to maximum drawdown	1.21	1.80	-0.59
Martin ratio: Return relative to average drawdown	4.45	7.79	-3.34
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JERIX vs. JANBX - Sharpe Ratio Comparison

The current JERIX Sharpe Ratio is 1.05, which is lower than the JANBX Sharpe Ratio of 1.68. The chart below compares the historical Sharpe Ratios of JERIX and JANBX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	JERIX	JANBX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.05	1.68	-0.63
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.00	0.70	-0.69
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.33	0.93	-0.59
Sharpe Ratio (All Time) Calculated using the full available price history	0.22	0.68	-0.46

Drawdowns

JERIX vs. JANBX - Drawdown Comparison

The maximum JERIX drawdown since its inception was -65.94%, which is greater than JANBX's maximum drawdown of -31.70%. Use the drawdown chart below to compare losses from any high point for JERIX and JANBX.

Drawdown Indicators

	JERIX	JANBX	Difference
Max Drawdown Largest peak-to-trough decline	-65.94%	-31.70%	-34.24%
Max Drawdown (1Y) Largest decline over 1 year	-9.97%	-8.13%	-1.84%
Max Drawdown (3Y) Largest decline over 3 years	-19.16%	-11.91%	-7.25%
Max Drawdown (5Y) Largest decline over 5 years	-34.01%	-21.52%	-12.49%
Max Drawdown (10Y) Largest decline over 10 years	-39.36%	-22.49%	-16.87%
Current Drawdown Current decline from peak	-5.92%	-0.54%	-5.38%
Average Drawdown Average peak-to-trough decline	-11.04%	-6.64%	-4.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.70%	1.88%	+0.82%

Volatility

JERIX vs. JANBX - Volatility Comparison

Janus Henderson Global Real Estate Fund (JERIX) has a higher volatility of 3.64% compared to Janus Henderson Balanced Fund (JANBX) at 2.50%. This indicates that JERIX's price experiences larger fluctuations and is considered to be riskier than JANBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JERIX	JANBX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.64%	2.50%	+1.14%
Volatility (6M) Calculated over the trailing 6-month period	8.80%	6.91%	+1.89%
Volatility (1Y) Calculated over the trailing 1-year period	11.51%	8.71%	+2.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.92%	11.19%	+4.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.94%	11.16%	+5.78%

JERIX vs. JANBX - Expense Ratio Comparison

JERIX has a 1.03% expense ratio, which is higher than JANBX's 0.70% expense ratio.

Dividends

JERIX vs. JANBX - Dividend Comparison

JERIX's dividend yield for the trailing twelve months is around 3.06%, less than JANBX's 8.54% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JANBX Janus Henderson Balanced Fund	8.54%	8.78%	6.96%	2.25%	1.95%	4.50%	2.49%	2.85%	7.06%	4.65%	2.55%	5.81%
JERIX Janus Henderson Global Real Estate Fund	3.06%	3.25%	2.78%	2.70%	1.54%	5.83%	1.55%	4.59%	5.20%	4.44%	4.51%	4.66%

Frequently Asked Questions

Can I hold both JERIX and JANBX in my portfolio?

JERIX and JANBX have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JERIX or JANBX?

JERIX has higher volatility (3.64%) compared to JANBX (2.50%). In terms of maximum drawdown, JERIX dropped -65.94% vs JANBX's -31.70%.

Which has better risk-adjusted returns?

JANBX currently has the higher Sharpe Ratio (1.68 vs 1.05), 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.