JGLTX vs. JNGTX

Last updated Jun 24, 2026

JGLTX (Janus Henderson VIT Global Technology and Innovation Portfolio) and JNGTX (Janus Henderson Global Technology and Innovation Fund Class D) are both Technology Equities funds from Janus Henderson. Over the past 10 years, JGLTX returned 25.39%/yr vs 25.12%/yr for JNGTX. With a 0.99 correlation, they move nearly in lockstep. JGLTX charges 0.72%/yr vs 0.79%/yr for JNGTX.

Performance

JGLTX vs. JNGTX - 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 Global Technology and Innovation Fund Class D (JNGTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with JGLTX having a 35.82% return and JNGTX slightly higher at 36.04%. Both investments have delivered pretty close results over the past 10 years, with JGLTX having a 25.39% annualized return and JNGTX not far behind at 25.12%.

JGLTX

• 1D: 0.55%
• 1M: 10.56%
• YTD: 35.82%
• 6M: 35.26%
• 1Y: 57.54%
• 3Y*: 37.10%
• 5Y*: 18.24%
• 10Y*: 25.39%

JNGTX

• 1D: 0.53%
• 1M: 10.68%
• YTD: 36.04%
• 6M: 35.49%
• 1Y: 57.72%
• 3Y*: 37.19%
• 5Y*: 17.80%
• 10Y*: 25.12%

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

JGLTX vs. JNGTX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JGLTX Janus Henderson VIT Global Technology and Innovation Portfolio	35.82%	25.19%	32.10%	54.55%	-36.42%	18.28%	50.42%	45.29%	1.17%	45.17%
JNGTX Janus Henderson Global Technology and Innovation Fund Class D	36.04%	25.00%	32.34%	55.33%	-37.63%	17.53%	51.18%	45.15%	0.92%	44.69%

Correlation

The correlation between JGLTX and JNGTX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	1.00
Correlation (3Y) Calculated over the trailing 3-year period	1.00
Correlation (5Y) Calculated over the trailing 5-year period	1.00
Correlation (10Y) Calculated over the trailing 10-year period	1.00
Correlation (All Time) Calculated using the full available price history since Jan 18, 2000	0.99

The correlation between JGLTX and JNGTX has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.

Return for Risk

JGLTX vs. JNGTX — Risk / Return Rank

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

JGLTX

JGLTX Risk / Return Rank: 75
JGLTX Sharpe Ratio Rank: 85
JGLTX Sortino Ratio Rank: 68
JGLTX Omega Ratio Rank: 72
JGLTX Calmar Ratio Rank: 84
JGLTX Martin Ratio Rank: 68

JNGTX

JNGTX Risk / Return Rank: 75
JNGTX Sharpe Ratio Rank: 85
JNGTX Sortino Ratio Rank: 68
JNGTX Omega Ratio Rank: 71
JNGTX Calmar Ratio Rank: 84
JNGTX Martin Ratio Rank: 67

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. JNGTX - 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 Global Technology and Innovation Fund Class D (JNGTX). 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.

	JGLTX	JNGTX	Difference
Sharpe ratio: Return per unit of total volatility	2.56	2.55	0.00
Sortino ratio: Return per unit of downside risk	3.13	3.12	0.00
Omega ratio: Gain probability vs. loss probability	1.43	1.43	0.00
Calmar ratio: Return relative to maximum drawdown	3.72	3.70	+0.01
Martin ratio: Return relative to average drawdown	12.30	12.27	+0.03

JGLTX vs. JNGTX - Sharpe Ratio Comparison

The current JGLTX Sharpe Ratio is 2.56, which is comparable to the JNGTX Sharpe Ratio of 2.55. The chart below compares the historical Sharpe Ratios of JGLTX and JNGTX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

JGLTX vs. JNGTX - Drawdown Comparison

The maximum JGLTX drawdown since its inception was -81.78%, roughly equal to the maximum JNGTX drawdown of -84.79%. Use the drawdown chart below to compare losses from any high point for JGLTX and JNGTX.

Drawdown Indicators

	JGLTX	JNGTX	Difference
Max Drawdown Largest peak-to-trough decline	-81.78%	-84.79%	+3.01%
Max Drawdown (1Y) Largest decline over 1 year	-15.81%	-15.93%	+0.12%
Max Drawdown (3Y) Largest decline over 3 years	-23.72%	-23.91%	+0.19%
Max Drawdown (5Y) Largest decline over 5 years	-45.18%	-46.46%	+1.28%
Max Drawdown (10Y) Largest decline over 10 years	-45.18%	-46.46%	+1.28%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-36.53%	-40.16%	+3.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.77%	4.80%	-0.03%

Volatility

JGLTX vs. JNGTX - Volatility Comparison

Janus Henderson VIT Global Technology and Innovation Portfolio (JGLTX) and Janus Henderson Global Technology and Innovation Fund Class D (JNGTX) have volatilities of 11.81% and 11.75%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JGLTX	JNGTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.81%	11.75%	+0.06%
Volatility (6M) Calculated over the trailing 6-month period	19.50%	19.58%	-0.08%
Volatility (1Y) Calculated over the trailing 1-year period	23.04%	23.17%	-0.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.50%	26.84%	-0.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.71%	24.80%	-0.09%

JGLTX vs. JNGTX - Expense Ratio Comparison

JGLTX has a 0.72% expense ratio, which is lower than JNGTX's 0.79% expense ratio.

Dividends

JGLTX vs. JNGTX - Dividend Comparison

JGLTX's dividend yield for the trailing twelve months is around 10.34%, more than JNGTX's 9.86% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JGLTX Janus Henderson VIT Global Technology and Innovation Portfolio	10.34%	8.98%	0.00%	0.00%	26.96%	14.48%	7.71%	6.81%	4.95%	5.68%	3.71%	16.11%
JNGTX Janus Henderson Global Technology and Innovation Fund Class D	9.86%	13.42%	11.65%	0.77%	0.00%	15.86%	8.99%	8.55%	6.61%	7.47%	4.83%	7.75%

Frequently Asked Questions

Can I hold both JGLTX and JNGTX in my portfolio?

With a correlation of 1.00, JGLTX and JNGTX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, JGLTX or JNGTX?

JGLTX has higher volatility (11.81%) compared to JNGTX (11.75%). In terms of maximum drawdown, JGLTX dropped -81.78% vs JNGTX's -84.79%.

Which has better risk-adjusted returns?

JGLTX currently has the higher Sharpe Ratio (2.56 vs 2.55), 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.