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.
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
Key characteristics
JGLTX:
1.74
QQQ:
1.71
JGLTX:
2.33
QQQ:
2.27
JGLTX:
1.31
QQQ:
1.31
JGLTX:
1.17
QQQ:
2.26
JGLTX:
8.36
QQQ:
8.12
JGLTX:
4.40%
QQQ:
3.77%
JGLTX:
21.10%
QQQ:
17.88%
JGLTX:
-79.71%
QQQ:
-82.98%
JGLTX:
-2.82%
QQQ:
-1.37%
Returns By Period
In the year-to-date period, JGLTX achieves a 36.30% return, which is significantly higher than QQQ's 30.18% return. Over the past 10 years, JGLTX has underperformed QQQ with an annualized return of 9.92%, while QQQ has yielded a comparatively higher 18.54% annualized return.
JGLTX
36.30%
1.97%
7.13%
36.81%
7.85%
9.92%
QQQ
30.18%
4.95%
10.88%
30.61%
20.73%
18.54%
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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 0.58%.
| 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 | 0.58% | 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
The current volatility for Janus Henderson VIT Global Technology and Innovation Portfolio (JGLTX) is 5.03%, while Invesco QQQ (QQQ) has a volatility of 5.48%. This indicates that JGLTX experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.