JGLTX vs. QQQ
Compare and contrast key facts about Janus Henderson VIT Global Technology and Innovation Portfolio (JGLTX) and Invesco QQQ (QQQ).
JGLTX is managed by Janus Henderson. It was launched on Jan 17, 2000. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JGLTX or QQQ.
Key characteristics
| JGLTX | QQQ | |
|---|---|---|
| YTD Return | 34.42% | 26.09% |
| 1Y Return | 49.79% | 39.88% |
| 3Y Return (Ann) | -0.28% | 9.90% |
| 5Y Return (Ann) | 9.20% | 21.46% |
| 10Y Return (Ann) | 10.14% | 18.52% |
| Sharpe Ratio | 2.35 | 2.22 |
| Sortino Ratio | 3.03 | 2.92 |
| Omega Ratio | 1.42 | 1.40 |
| Calmar Ratio | 1.36 | 2.86 |
| Martin Ratio | 11.27 | 10.44 |
| Ulcer Index | 4.35% | 3.72% |
| Daily Std Dev | 20.87% | 17.47% |
| Max Drawdown | -79.71% | -82.98% |
| Current Drawdown | -4.16% | 0.00% |
Correlation
The correlation between JGLTX and QQQ is 0.91, 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.
Performance
JGLTX vs. QQQ - Performance Comparison
In the year-to-date period, JGLTX achieves a 34.42% return, which is significantly higher than QQQ's 26.09% return. Over the past 10 years, JGLTX has underperformed QQQ with an annualized return of 10.14%, while QQQ has yielded a comparatively higher 18.52% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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JGLTX vs. QQQ - Expense Ratio Comparison
JGLTX has a 0.72% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
JGLTX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Janus Henderson VIT Global Technology and Innovation Portfolio (JGLTX) and Invesco QQQ (QQQ). 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.
Dividends
JGLTX vs. QQQ - Dividend Comparison
JGLTX has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.59%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JGLTX Janus Henderson VIT Global Technology and Innovation Portfolio | 0.00% | 0.00% | 0.00% | 0.23% | 0.00% | 0.00% | 0.00% | 0.00% | 0.19% | 0.92% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.59% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
JGLTX vs. QQQ - Drawdown Comparison
The maximum JGLTX drawdown since its inception was -79.71%, roughly equal to the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for JGLTX and QQQ. For additional features, visit the drawdowns tool.
Volatility
JGLTX vs. QQQ - Volatility Comparison
Janus Henderson VIT Global Technology and Innovation Portfolio (JGLTX) has a higher volatility of 5.86% compared to Invesco QQQ (QQQ) at 5.17%. This indicates that JGLTX's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.