JGLTX vs. JFRDX

Last updated Jun 5, 2026

JGLTX (Janus Henderson VIT Global Technology and Innovation Portfolio) and JFRDX (Janus Henderson Forty Fund Class D) are both mutual funds - JGLTX is a Technology Equities fund managed by Janus Henderson, while JFRDX is a Large Cap Growth Equities fund actively managed by Janus Henderson. Over the past 5 years, JGLTX returned 19.20%/yr vs 10.99%/yr for JFRDX. With a 0.95 correlation, they move nearly in lockstep. JGLTX charges 0.72%/yr vs 0.63%/yr for JFRDX.

Performance

JGLTX vs. JFRDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Janus Henderson VIT Global Technology and Innovation Portfolio (JGLTX) and Janus Henderson Forty Fund Class D (JFRDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JGLTX achieves a 33.79% return, which is significantly higher than JFRDX's 6.32% return.

JGLTX

• 1D: -0.99%
• 1M: 16.01%
• YTD: 33.79%
• 6M: 33.57%
• 1Y: 57.29%
• 3Y*: 36.57%
• 5Y*: 19.20%
• 10Y*: 24.75%

JFRDX

• 1D: -1.93%
• 1M: 5.07%
• YTD: 6.32%
• 6M: 5.83%
• 1Y: 23.50%
• 3Y*: 22.66%
• 5Y*: 10.99%
• 10Y*: —

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

JGLTX vs. JFRDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JGLTX Janus Henderson VIT Global Technology and Innovation Portfolio	33.79%	25.19%	32.10%	54.55%	-36.42%	18.28%	50.42%	45.29%	1.17%	36.06%
JFRDX Janus Henderson Forty Fund Class D	6.32%	18.31%	28.26%	40.01%	-33.58%	22.73%	39.22%	36.75%	1.49%	16.74%

Correlation

The correlation between JGLTX and JFRDX is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (All Time) Calculated using the full available price history since Feb 2, 2017	0.95

The correlation between JGLTX and JFRDX has been stable across timeframes, ranging from 0.90 to 0.95 - a consistent structural relationship.

Return for Risk

JGLTX vs. JFRDX — Risk / Return Rank

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

JGLTX

JGLTX Risk / Return Rank: 76
JGLTX Sharpe Ratio Rank: 87
JGLTX Sortino Ratio Rank: 73
JGLTX Omega Ratio Rank: 71
JGLTX Calmar Ratio Rank: 81
JGLTX Martin Ratio Rank: 66

JFRDX

JFRDX Risk / Return Rank: 19
JFRDX Sharpe Ratio Rank: 24
JFRDX Sortino Ratio Rank: 21
JFRDX Omega Ratio Rank: 22
JFRDX Calmar Ratio Rank: 14
JFRDX Martin Ratio Rank: 15

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.

JGLTX vs. JFRDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Janus Henderson VIT Global Technology and Innovation Portfolio (JGLTX) and Janus Henderson Forty Fund Class D (JFRDX). 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.

	JGLTX	JFRDX	Difference
Sharpe ratio: Return per unit of total volatility	2.88	1.40	+1.48
Sortino ratio: Return per unit of downside risk	3.57	1.94	+1.63
Omega ratio: Gain probability vs. loss probability	1.47	1.25	+0.23
Calmar ratio: Return relative to maximum drawdown	3.74	1.29	+2.45
Martin ratio: Return relative to average drawdown	12.80	4.20	+8.60
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JGLTX vs. JFRDX - Sharpe Ratio Comparison

The current JGLTX Sharpe Ratio is 2.88, which is higher than the JFRDX Sharpe Ratio of 1.40. The chart below compares the historical Sharpe Ratios of JGLTX and JFRDX, 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

	JGLTX	JFRDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.88	1.40	+1.48
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.74	0.50	+0.24
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.01	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.36	0.75	-0.39

Drawdowns

JGLTX vs. JFRDX - Drawdown Comparison

The maximum JGLTX drawdown since its inception was -81.78%, which is greater than JFRDX's maximum drawdown of -40.91%. Use the drawdown chart below to compare losses from any high point for JGLTX and JFRDX.

Drawdown Indicators

	JGLTX	JFRDX	Difference
Max Drawdown Largest peak-to-trough decline	-81.78%	-40.91%	-40.87%
Max Drawdown (1Y) Largest decline over 1 year	-15.81%	-19.05%	+3.24%
Max Drawdown (3Y) Largest decline over 3 years	-23.72%	-22.14%	-1.58%
Max Drawdown (5Y) Largest decline over 5 years	-45.18%	-40.91%	-4.27%
Max Drawdown (10Y) Largest decline over 10 years	-45.18%	—	—
Current Drawdown Current decline from peak	-0.99%	-2.43%	+1.44%
Average Drawdown Average peak-to-trough decline	-36.59%	-8.17%	-28.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.60%	5.81%	-1.21%

Volatility

JGLTX vs. JFRDX - Volatility Comparison

Janus Henderson VIT Global Technology and Innovation Portfolio (JGLTX) has a higher volatility of 6.92% compared to Janus Henderson Forty Fund Class D (JFRDX) at 5.01%. This indicates that JGLTX's price experiences larger fluctuations and is considered to be riskier than JFRDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JGLTX	JFRDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.92%	5.01%	+1.91%
Volatility (6M) Calculated over the trailing 6-month period	16.88%	13.55%	+3.33%
Volatility (1Y) Calculated over the trailing 1-year period	20.52%	17.51%	+3.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.09%	22.02%	+4.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.49%	22.06%	+2.43%

JGLTX vs. JFRDX - Expense Ratio Comparison

JGLTX has a 0.72% expense ratio, which is higher than JFRDX's 0.63% expense ratio.

Dividends

JGLTX vs. JFRDX - Dividend Comparison

JGLTX's dividend yield for the trailing twelve months is around 6.71%, less than JFRDX's 12.32% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JFRDX Janus Henderson Forty Fund Class D	12.32%	13.10%	11.27%	9.12%	0.06%	10.12%	8.26%	7.21%	8.88%	9.68%	0.00%	0.00%
JGLTX Janus Henderson VIT Global Technology and Innovation Portfolio	6.71%	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

Can I hold both JGLTX and JFRDX in my portfolio?

JGLTX and JFRDX have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JGLTX or JFRDX?

JGLTX has higher volatility (6.92%) compared to JFRDX (5.01%). In terms of maximum drawdown, JGLTX dropped -81.78% vs JFRDX's -40.91%.

Which has better risk-adjusted returns?

JGLTX currently has the higher Sharpe Ratio (2.88 vs 1.40), 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.