JGMNX vs. JANRX

Last updated Jul 18, 2026

JGMNX (Janus Henderson Triton Fund Class N) and JANRX (Janus Henderson Global Select Fund) are both mutual funds - JGMNX is a Small Cap Growth Equities fund tracking the Russell 2000 Growth Index, while JANRX is a Global Equities fund managed by Janus Henderson. Over the past 10 years, JGMNX returned 10.56%/yr vs 12.95%/yr for JANRX. Their correlation of 0.82 suggests significant overlap in exposure. JGMNX charges 0.67%/yr vs 0.82%/yr for JANRX.

Performance

JGMNX vs. JANRX - 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 Global Select Fund (JANRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JGMNX achieves a 15.69% return, which is significantly higher than JANRX's 8.11% return. Over the past 10 years, JGMNX has underperformed JANRX with an annualized return of 10.56%, while JANRX has yielded a comparatively higher 12.95% annualized return.

JGMNX

• 1D: -0.25%
• 1M: 3.48%
• 6M: 9.51%
• YTD: 15.69%
• 1Y: 22.42%
• 3Y*: 12.81%
• 5Y*: 5.32%
• 10Y*: 10.56%

JANRX

• 1D: -1.32%
• 1M: -0.90%
• 6M: 4.44%
• YTD: 8.11%
• 1Y: 15.30%
• 3Y*: 17.20%
• 5Y*: 10.62%
• 10Y*: 12.95%

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

JGMNX vs. JANRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JGMNX Janus Henderson Triton Fund Class N	15.69%	9.78%	10.55%	14.83%	-23.56%	6.88%	28.75%	28.60%	-5.03%	27.24%
JANRX Janus Henderson Global Select Fund	8.11%	19.49%	17.21%	17.41%	-9.94%	15.96%	16.14%	27.43%	-9.80%	31.08%

Correlation

The correlation between JGMNX and JANRX is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.75
Correlation (3Y) Calculated over the trailing 3-year period	0.78
Correlation (5Y) Calculated over the trailing 5-year period	0.82
Correlation (10Y) Calculated over the trailing 10-year period	0.82
Correlation (All Time) Calculated using the full available price history since May 31, 2012	0.82

The correlation between JGMNX and JANRX has been stable across timeframes, ranging from 0.75 to 0.82 - a consistent structural relationship.

Return for Risk

JGMNX vs. JANRX — Risk / Return Rank

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

JGMNX

JGMNX Risk / Return Rank: 43
JGMNX Sharpe Ratio Rank: 39
JGMNX Sortino Ratio Rank: 43
JGMNX Omega Ratio Rank: 35
JGMNX Calmar Ratio Rank: 46
JGMNX Martin Ratio Rank: 55

JANRX

JANRX Risk / Return Rank: 31
JANRX Sharpe Ratio Rank: 28
JANRX Sortino Ratio Rank: 28
JANRX Omega Ratio Rank: 29
JANRX Calmar Ratio Rank: 29
JANRX Martin Ratio Rank: 40

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. JANRX - 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 Global Select Fund (JANRX). 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.

	JGMNX	JANRX	Difference
Sharpe ratio: Return per unit of total volatility	1.45	1.25	+0.19
Sortino ratio: Return per unit of downside risk	2.16	1.80	+0.36
Omega ratio: Gain probability vs. loss probability	1.25	1.23	+0.02
Calmar ratio: Return relative to maximum drawdown	2.19	1.69	+0.50
Martin ratio: Return relative to average drawdown	8.96	7.22	+1.74

JGMNX vs. JANRX - Sharpe Ratio Comparison

The current JGMNX Sharpe Ratio is 1.45, which is comparable to the JANRX Sharpe Ratio of 1.25. The chart below compares the historical Sharpe Ratios of JGMNX and JANRX, 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

JGMNX vs. JANRX - Drawdown Comparison

The maximum JGMNX drawdown since its inception was -39.72%, smaller than the maximum JANRX drawdown of -63.94%. Use the drawdown chart below to compare losses from any high point for JGMNX and JANRX.

Drawdown Indicators

	JGMNX	JANRX	Difference
Max Drawdown Largest peak-to-trough decline	-39.72%	-63.94%	+24.22%
Max Drawdown (1Y) Largest decline over 1 year	-11.03%	-9.67%	-1.36%
Max Drawdown (3Y) Largest decline over 3 years	-23.84%	-19.56%	-4.28%
Max Drawdown (5Y) Largest decline over 5 years	-31.74%	-23.48%	-8.26%
Max Drawdown (10Y) Largest decline over 10 years	-39.72%	-39.17%	-0.55%
Current Drawdown Current decline from peak	-1.90%	-2.24%	+0.34%
Average Drawdown Average peak-to-trough decline	-7.08%	-17.71%	+10.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.69%	2.26%	+0.43%

Volatility

JGMNX vs. JANRX - Volatility Comparison

Janus Henderson Triton Fund Class N (JGMNX) and Janus Henderson Global Select Fund (JANRX) have volatilities of 4.29% and 4.42%, 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	JANRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.29%	4.42%	-0.13%
Volatility (6M) Calculated over the trailing 6-month period	13.35%	11.30%	+2.05%
Volatility (1Y) Calculated over the trailing 1-year period	16.74%	13.05%	+3.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.72%	16.37%	+3.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.54%	17.88%	+2.66%

JGMNX vs. JANRX - Expense Ratio Comparison

JGMNX has a 0.67% expense ratio, which is lower than JANRX's 0.82% expense ratio.

Dividends

JGMNX vs. JANRX - Dividend Comparison

JGMNX's dividend yield for the trailing twelve months is around 9.39%, less than JANRX's 9.90% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JANRX Janus Henderson Global Select Fund	9.90%	10.71%	10.44%	8.62%	2.81%	13.04%	5.11%	4.37%	17.07%	0.86%	1.14%	1.08%
JGMNX Janus Henderson Triton Fund Class N	9.39%	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 JANRX in my portfolio?

JGMNX and JANRX have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JGMNX or JANRX?

JANRX has higher volatility (4.42%) compared to JGMNX (4.29%). In terms of maximum drawdown, JGMNX dropped -39.72% vs JANRX's -63.94%.

Which has better risk-adjusted returns?

JGMNX currently has the higher Sharpe Ratio (1.45 vs 1.25), 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.