JGMNX vs. JANIX

Last updated Jun 5, 2026

JGMNX (Janus Henderson Triton Fund Class N) and JANIX (Janus Henderson Triton Fund) are both Small Cap Growth Equities funds from Janus Henderson. Over the past 10 years, JGMNX returned 10.37%/yr vs 10.21%/yr for JANIX. With a 1.00 correlation, they move nearly in lockstep. JGMNX charges 0.67%/yr vs 0.78%/yr for JANIX.

Performance

JGMNX vs. JANIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Janus Henderson Triton Fund Class N (JGMNX) and Janus Henderson Triton Fund (JANIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with JGMNX having a 11.51% return and JANIX slightly lower at 11.45%. Both investments have delivered pretty close results over the past 10 years, with JGMNX having a 10.37% annualized return and JANIX not far behind at 10.21%.

JGMNX

• 1D: 0.03%
• 1M: 1.06%
• YTD: 11.51%
• 6M: 10.31%
• 1Y: 25.28%
• 3Y*: 13.41%
• 5Y*: 4.31%
• 10Y*: 10.37%

JANIX

• 1D: 0.03%
• 1M: 1.07%
• YTD: 11.45%
• 6M: 10.25%
• 1Y: 25.16%
• 3Y*: 13.27%
• 5Y*: 4.18%
• 10Y*: 10.21%

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

JGMNX vs. JANIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JGMNX Janus Henderson Triton Fund Class N	11.51%	9.78%	10.55%	14.83%	-23.56%	6.88%	28.75%	28.60%	-5.03%	27.24%
JANIX Janus Henderson Triton Fund	11.45%	9.66%	10.40%	14.68%	-23.65%	6.76%	28.56%	28.42%	-5.15%	27.01%

Correlation

The correlation between JGMNX and JANIX 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 Jun 1, 2012	1.00

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

Return for Risk

JGMNX vs. JANIX — Risk / Return Rank

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

JGMNX

JGMNX Risk / Return Rank: 37
JGMNX Sharpe Ratio Rank: 33
JGMNX Sortino Ratio Rank: 35
JGMNX Omega Ratio Rank: 30
JGMNX Calmar Ratio Rank: 40
JGMNX Martin Ratio Rank: 47

JANIX

JANIX Risk / Return Rank: 35
JANIX Sharpe Ratio Rank: 30
JANIX Sortino Ratio Rank: 32
JANIX Omega Ratio Rank: 27
JANIX Calmar Ratio Rank: 38
JANIX Martin Ratio Rank: 46

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.

JGMNX vs. JANIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Triton Fund Class N (JGMNX) and Janus Henderson Triton Fund (JANIX). 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.

	JGMNX	JANIX	Difference
Sharpe ratio: Return per unit of total volatility	1.60	1.59	+0.01
Sortino ratio: Return per unit of downside risk	2.35	2.34	+0.01
Omega ratio: Gain probability vs. loss probability	1.27	1.27	0.00
Calmar ratio: Return relative to maximum drawdown	2.33	2.31	+0.02
Martin ratio: Return relative to average drawdown	9.62	9.52	+0.09
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JGMNX vs. JANIX - Sharpe Ratio Comparison

The current JGMNX Sharpe Ratio is 1.60, which is comparable to the JANIX Sharpe Ratio of 1.59. The chart below compares the historical Sharpe Ratios of JGMNX and JANIX, 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

	JGMNX	JANIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.60	1.59	+0.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.22	0.21	+0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.51	0.50	+0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.59	0.49	+0.10

Drawdowns

JGMNX vs. JANIX - Drawdown Comparison

The maximum JGMNX drawdown since its inception was -39.72%, smaller than the maximum JANIX drawdown of -62.76%. Use the drawdown chart below to compare losses from any high point for JGMNX and JANIX.

Drawdown Indicators

	JGMNX	JANIX	Difference
Max Drawdown Largest peak-to-trough decline	-39.72%	-62.76%	+23.04%
Max Drawdown (1Y) Largest decline over 1 year	-11.03%	-11.05%	+0.02%
Max Drawdown (3Y) Largest decline over 3 years	-23.84%	-23.89%	+0.05%
Max Drawdown (5Y) Largest decline over 5 years	-31.74%	-31.80%	+0.06%
Max Drawdown (10Y) Largest decline over 10 years	-39.72%	-39.70%	-0.02%
Current Drawdown Current decline from peak	-0.98%	-0.98%	0.00%
Average Drawdown Average peak-to-trough decline	-7.13%	-10.03%	+2.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.67%	2.68%	-0.01%

Volatility

JGMNX vs. JANIX - Volatility Comparison

Janus Henderson Triton Fund Class N (JGMNX) and Janus Henderson Triton Fund (JANIX) have volatilities of 5.21% and 5.24%, 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

	JGMNX	JANIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.21%	5.24%	-0.03%
Volatility (6M) Calculated over the trailing 6-month period	12.37%	12.37%	0.00%
Volatility (1Y) Calculated over the trailing 1-year period	16.08%	16.07%	+0.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.59%	19.61%	-0.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.58%	20.58%	0.00%

JGMNX vs. JANIX - Expense Ratio Comparison

JGMNX has a 0.67% expense ratio, which is lower than JANIX's 0.78% expense ratio.

Dividends

JGMNX vs. JANIX - Dividend Comparison

JGMNX's dividend yield for the trailing twelve months is around 9.74%, less than JANIX's 10.08% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JANIX Janus Henderson Triton Fund	10.08%	11.23%	7.57%	7.15%	6.24%	20.40%	4.12%	4.26%	7.50%	5.08%	2.74%	7.76%
JGMNX Janus Henderson Triton Fund Class N	9.74%	10.86%	7.35%	6.96%	6.10%	19.99%	4.06%	4.20%	7.41%	5.03%	2.96%	7.71%

Frequently Asked Questions

Can I hold both JGMNX and JANIX in my portfolio?

With a correlation of 1.00, JGMNX and JANIX 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, JGMNX or JANIX?

JANIX has higher volatility (5.24%) compared to JGMNX (5.21%). In terms of maximum drawdown, JGMNX dropped -39.72% vs JANIX's -62.76%.

Which has better risk-adjusted returns?

JGMNX currently has the higher Sharpe Ratio (1.60 vs 1.59), 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.