JGMNX vs. VOO

Last updated Jun 3, 2026

JGMNX (Janus Henderson Triton Fund Class N) and VOO (Vanguard S&P 500 ETF) are both funds - JGMNX is a Small Cap Growth Equities fund tracking the Russell 2000 Growth Index, while VOO is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, JGMNX returned 10.36%/yr vs 15.65%/yr for VOO. Their correlation of 0.85 suggests significant overlap in exposure. JGMNX charges 0.67%/yr vs 0.03%/yr for VOO.

Performance

JGMNX vs. VOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Janus Henderson Triton Fund Class N (JGMNX) and Vanguard S&P 500 ETF (VOO). 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 JGMNX having a 11.44% return and VOO slightly higher at 11.69%. Over the past 10 years, JGMNX has underperformed VOO with an annualized return of 10.36%, while VOO has yielded a comparatively higher 15.65% annualized return.

JGMNX

• 1D: -0.52%
• 1M: 2.29%
• YTD: 11.44%
• 6M: 12.19%
• 1Y: 26.81%
• 3Y*: 13.39%
• 5Y*: 4.29%
• 10Y*: 10.36%

VOO

• 1D: 0.14%
• 1M: 5.39%
• YTD: 11.69%
• 6M: 12.11%
• 1Y: 29.68%
• 3Y*: 22.73%
• 5Y*: 14.26%
• 10Y*: 15.65%

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

JGMNX vs. VOO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JGMNX Janus Henderson Triton Fund Class N	11.44%	9.78%	10.55%	14.83%	-23.56%	6.88%	28.75%	28.60%	-5.03%	27.24%
VOO Vanguard S&P 500 ETF	11.69%	17.82%	24.98%	26.32%	-18.17%	28.79%	18.32%	31.37%	-4.50%	21.77%

Correlation

The correlation between JGMNX and VOO is 0.80, 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	0.80
Correlation (3Y) Calculated over the trailing 3-year period	0.79
Correlation (5Y) Calculated over the trailing 5-year period	0.85
Correlation (10Y) Calculated over the trailing 10-year period	0.85
Correlation (All Time) Calculated using the full available price history since Jun 1, 2012	0.85

The correlation between JGMNX and VOO has been stable across timeframes, ranging from 0.79 to 0.85 - a consistent structural relationship.

Return for Risk

JGMNX vs. VOO — Risk / Return Rank

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

JGMNX

JGMNX Risk / Return Rank: 38
JGMNX Sharpe Ratio Rank: 34
JGMNX Sortino Ratio Rank: 35
JGMNX Omega Ratio Rank: 30
JGMNX Calmar Ratio Rank: 41
JGMNX Martin Ratio Rank: 49

VOO

VOO Risk / Return Rank: 75
VOO Sharpe Ratio Rank: 77
VOO Sortino Ratio Rank: 75
VOO Omega Ratio Rank: 76
VOO Calmar Ratio Rank: 68
VOO Martin Ratio Rank: 80

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. VOO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Triton Fund Class N (JGMNX) and Vanguard S&P 500 ETF (VOO). 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	VOO	Difference
Sharpe ratio Return per unit of total volatility	1.69	2.53	-0.85
Sortino ratio Return per unit of downside risk	2.46	3.43	-0.97
Omega ratio Gain probability vs. loss probability	1.29	1.46	-0.17
Calmar ratio Return relative to maximum drawdown	2.44	3.42	-0.98
Martin ratio Return relative to average drawdown	10.10	15.95	-5.85
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. VOO - Sharpe Ratio Comparison

The current JGMNX Sharpe Ratio is 1.69, which is lower than the VOO Sharpe Ratio of 2.53. The chart below compares the historical Sharpe Ratios of JGMNX and VOO, 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	VOO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.69	2.53	-0.85
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.22	0.85	-0.63
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.51	0.87	-0.37
Sharpe Ratio (All Time) Calculated using the full available price history	0.59	0.89	-0.30

Drawdowns

JGMNX vs. VOO - Drawdown Comparison

The maximum JGMNX drawdown since its inception was -39.72%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for JGMNX and VOO.

Drawdown Indicators

	JGMNX	VOO	Difference
Max Drawdown Largest peak-to-trough decline	-39.72%	-33.99%	-5.73%
Max Drawdown (1Y) Largest decline over 1 year	-11.03%	-8.90%	-2.13%
Max Drawdown (3Y) Largest decline over 3 years	-23.84%	-18.69%	-5.15%
Max Drawdown (5Y) Largest decline over 5 years	-31.74%	-24.52%	-7.22%
Max Drawdown (10Y) Largest decline over 10 years	-39.72%	-33.99%	-5.73%
Current Drawdown Current decline from peak	-1.04%	0.00%	-1.04%
Average Drawdown Average peak-to-trough decline	-7.14%	-3.69%	-3.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.67%	1.91%	+0.76%

Volatility

JGMNX vs. VOO - Volatility Comparison

Janus Henderson Triton Fund Class N (JGMNX) has a higher volatility of 5.21% compared to Vanguard S&P 500 ETF (VOO) at 2.74%. This indicates that JGMNX's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JGMNX	VOO	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.21%	2.74%	+2.47%
Volatility (6M) Calculated over the trailing 6-month period	12.43%	8.88%	+3.55%
Volatility (1Y) Calculated over the trailing 1-year period	16.11%	11.78%	+4.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.60%	16.81%	+2.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.58%	18.01%	+2.57%

JGMNX vs. VOO - Expense Ratio Comparison

JGMNX has a 0.67% expense ratio, which is higher than VOO's 0.03% expense ratio.

Dividends

JGMNX vs. VOO - Dividend Comparison

JGMNX's dividend yield for the trailing twelve months is around 9.75%, more than VOO's 1.02% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JGMNX Janus Henderson Triton Fund Class N	9.75%	10.86%	7.35%	6.96%	6.10%	19.99%	4.06%	4.20%	7.41%	5.03%	2.96%	7.71%
VOO Vanguard S&P 500 ETF	1.02%	1.13%	1.24%	1.46%	1.69%	1.25%	1.54%	1.88%	2.06%	1.78%	2.02%	2.10%

Frequently Asked Questions

Can I hold both JGMNX and VOO in my portfolio?

JGMNX and VOO have a correlation of 0.80, 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 VOO?

JGMNX has higher volatility (5.21%) compared to VOO (2.74%). In terms of maximum drawdown, JGMNX dropped -39.72% vs VOO's -33.99%.

Which has better risk-adjusted returns?

VOO currently has the higher Sharpe Ratio (2.53 vs 1.69), 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.