JFNAX vs. FBDIX
JFNAX (Janus Henderson Global Life Sciences Fund Class A) and FBDIX (Franklin Biotechnology Discovery Fund) are both Health & Biotech Equities funds. Over the past 10 years, JFNAX returned 10.90%/yr vs 11.00%/yr for FBDIX. Their correlation of 0.89 means they have usually moved in the same direction. JFNAX charges 0.98%/yr vs 1.06%/yr for FBDIX.
Performance
JFNAX vs. FBDIX - Performance Comparison
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Returns By Period
In the year-to-date period, JFNAX achieves a 7.42% return, which is significantly lower than FBDIX's 16.31% return. Both investments have delivered pretty close results over the past 10 years, with JFNAX having a 10.90% annualized return and FBDIX not far ahead at 11.00%.
JFNAX
- 1D
- -0.56%
- 1M
- -3.51%
- 6M
- 6.34%
- YTD
- 7.42%
- 1Y
- 36.72%
- 3Y*
- 13.35%
- 5Y*
- 7.97%
- 10Y*
- 10.90%
- ALL TIME*
- 15.01%
FBDIX
- 1D
- -0.61%
- 1M
- -4.14%
- 6M
- 14.21%
- YTD
- 16.31%
- 1Y
- 68.10%
- 3Y*
- 32.40%
- 5Y*
- 10.77%
- 10Y*
- 11.00%
- ALL TIME*
- 11.48%
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 |
JFNAX vs. FBDIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JFNAX Janus Henderson Global Life Sciences Fund Class A | 7.42% | 24.61% | 3.41% | 7.35% | -2.86% | 6.59% | 25.42% | 28.98% | 4.00% | 22.35% |
FBDIX Franklin Biotechnology Discovery Fund | 16.31% | 52.68% | 15.37% | 18.40% | -12.65% | -27.58% | 29.85% | 49.11% | -15.77% | 18.83% |
Correlation
The correlation between JFNAX and FBDIX is 0.81, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.81 |
Correlation (3Y) Balances recent behavior with more history. | 0.82 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.84 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.86 |
Correlation (All Time) Calculated using the full available price history since Jul 6, 2009 | 0.89 |
The correlation between JFNAX and FBDIX has been stable across timeframes, ranging from 0.81 to 0.89 - a consistent structural relationship.
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Return for Risk
JFNAX vs. FBDIX — Risk / Return Rank
JFNAX
FBDIX
JFNAX vs. FBDIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Global Life Sciences Fund Class A (JFNAX) and Franklin Biotechnology Discovery Fund (FBDIX). 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.
| JFNAX | FBDIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.56 | ||
| Sortino ratioReturn per unit of downside risk | -0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.46 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.96 | 7.73 | -3.76 |
| Martin ratioReturn relative to average drawdown | 12.28 | 22.44 | -10.17 |
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Drawdowns
JFNAX vs. FBDIX - Drawdown Comparison
The maximum JFNAX drawdown since its inception was -31.07%, smaller than the maximum FBDIX drawdown of -71.44%. Use the drawdown chart below to compare losses from any high point for JFNAX and FBDIX.
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Drawdown Indicators
| JFNAX | FBDIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.07% | -71.44% | +40.37% |
Max Drawdown (1Y)Largest decline over 1 year | -9.71% | -9.18% | -0.53% |
Max Drawdown (3Y)Largest decline over 3 years | -21.28% | -24.22% | +2.94% |
Max Drawdown (5Y)Largest decline over 5 years | -22.29% | -46.83% | +24.54% |
Max Drawdown (10Y)Largest decline over 10 years | -27.39% | -53.67% | +26.28% |
Current DrawdownCurrent decline from peak | -4.29% | -6.03% | +1.74% |
Average DrawdownAverage peak-to-trough decline | -6.25% | -28.59% | +22.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.13% | 3.16% | -0.03% |
Volatility
JFNAX vs. FBDIX - Volatility Comparison
The current volatility for Janus Henderson Global Life Sciences Fund Class A (JFNAX) is 4.55%, while Franklin Biotechnology Discovery Fund (FBDIX) has a volatility of 6.64%. This indicates that JFNAX experiences smaller price fluctuations and is considered to be less risky than FBDIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JFNAX | FBDIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.55% | 6.64% | -2.09% |
Volatility (6M)Calculated over the trailing 6-month period | 12.36% | 18.51% | -6.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.75% | 23.61% | -7.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.12% | 25.94% | -9.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.38% | 26.30% | -8.92% |
JFNAX vs. FBDIX - Expense Ratio Comparison
JFNAX has a 0.98% expense ratio, which is lower than FBDIX's 1.06% expense ratio.
Dividends
JFNAX vs. FBDIX - Dividend Comparison
JFNAX's dividend yield for the trailing twelve months is around 4.24%, less than FBDIX's 9.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBDIX Franklin Biotechnology Discovery Fund | 9.30% | 10.81% | 19.53% | 0.00% | 0.13% | 0.98% | 14.50% | 18.77% | 3.72% | 2.39% | 4.57% | 8.42% |
JFNAX Janus Henderson Global Life Sciences Fund Class A | 4.24% | 4.56% | 5.74% | 4.28% | 0.08% | 9.90% | 7.82% | 6.18% | 13.55% | 1.03% | 0.97% | 8.93% |
Frequently Asked Questions
JFNAX and FBDIX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FBDIX has higher volatility (6.64%) compared to JFNAX (4.55%). In terms of maximum drawdown, JFNAX dropped -31.07% vs FBDIX's -71.44%.
FBDIX currently has the higher Sharpe Ratio (3.01 vs 2.45), 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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