JMGRX vs. FSMAX
Compare and contrast key facts about Janus Enterprise Fund Class I (JMGRX) and Fidelity Extended Market Index Fund (FSMAX).
JMGRX is a passively managed fund by Janus Henderson that tracks the performance of the Russell Midcap® Growth Index. It was launched on Sep 1, 1992. FSMAX is managed by Fidelity.
Performance
JMGRX vs. FSMAX - Performance Comparison
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JMGRX vs. FSMAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JMGRX Janus Enterprise Fund Class I | -8.45% | 7.66% | 15.28% | 18.03% | -15.99% | 17.07% | 20.43% | 35.28% | -0.88% | 26.36% |
FSMAX Fidelity Extended Market Index Fund | -4.54% | 11.40% | 16.99% | 25.36% | -26.44% | 12.41% | 32.28% | 28.01% | -9.44% | 18.04% |
Returns By Period
In the year-to-date period, JMGRX achieves a -8.45% return, which is significantly lower than FSMAX's -4.54% return. Over the past 10 years, JMGRX has outperformed FSMAX with an annualized return of 11.30%, while FSMAX has yielded a comparatively lower 10.54% annualized return.
JMGRX
- 1D
- -0.36%
- 1M
- -8.30%
- YTD
- -8.45%
- 6M
- -6.83%
- 1Y
- 2.70%
- 3Y*
- 7.32%
- 5Y*
- 4.69%
- 10Y*
- 11.30%
FSMAX
- 1D
- -1.03%
- 1M
- -7.76%
- YTD
- -4.54%
- 6M
- -4.39%
- 1Y
- 16.77%
- 3Y*
- 13.78%
- 5Y*
- 3.66%
- 10Y*
- 10.54%
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JMGRX vs. FSMAX - Expense Ratio Comparison
JMGRX has a 0.76% expense ratio, which is higher than FSMAX's 0.04% expense ratio.
Return for Risk
JMGRX vs. FSMAX — Risk / Return Rank
JMGRX
FSMAX
JMGRX vs. FSMAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Janus Enterprise Fund Class I (JMGRX) and Fidelity Extended Market Index Fund (FSMAX). 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.
| JMGRX | FSMAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.15 | 0.72 | -0.57 |
Sortino ratioReturn per unit of downside risk | 0.35 | 1.16 | -0.81 |
Omega ratioGain probability vs. loss probability | 1.05 | 1.16 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 0.11 | 0.95 | -0.83 |
Martin ratioReturn relative to average drawdown | 0.39 | 3.91 | -3.51 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| JMGRX | FSMAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.15 | 0.72 | -0.57 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.27 | 0.16 | +0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | 0.35 | +0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.41 | +0.16 |
Correlation
The correlation between JMGRX and FSMAX is 0.93, 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.
Dividends
JMGRX vs. FSMAX - Dividend Comparison
JMGRX's dividend yield for the trailing twelve months is around 8.15%, more than FSMAX's 0.60% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JMGRX Janus Enterprise Fund Class I | 8.15% | 7.46% | 6.97% | 7.46% | 10.42% | 15.91% | 8.44% | 4.47% | 6.42% | 1.77% | 1.81% | 3.63% |
FSMAX Fidelity Extended Market Index Fund | 0.60% | 0.57% | 0.48% | 1.17% | 1.90% | 7.49% | 2.14% | 4.30% | 6.09% | 5.44% | 4.85% | 6.34% |
Drawdowns
JMGRX vs. FSMAX - Drawdown Comparison
The maximum JMGRX drawdown since its inception was -55.48%, which is greater than FSMAX's maximum drawdown of -50.55%. Use the drawdown chart below to compare losses from any high point for JMGRX and FSMAX.
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Drawdown Indicators
| JMGRX | FSMAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.48% | -50.55% | -4.93% |
Max Drawdown (1Y)Largest decline over 1 year | -12.56% | -14.64% | +2.08% |
Max Drawdown (5Y)Largest decline over 5 years | -24.21% | -36.31% | +12.10% |
Max Drawdown (10Y)Largest decline over 10 years | -38.25% | -50.55% | +12.30% |
Current DrawdownCurrent decline from peak | -11.39% | -10.26% | -1.13% |
Average DrawdownAverage peak-to-trough decline | -5.75% | -12.29% | +6.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.55% | 3.54% | +0.01% |
Volatility
JMGRX vs. FSMAX - Volatility Comparison
The current volatility for Janus Enterprise Fund Class I (JMGRX) is 4.44%, while Fidelity Extended Market Index Fund (FSMAX) has a volatility of 6.01%. This indicates that JMGRX experiences smaller price fluctuations and is considered to be less risky than FSMAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JMGRX | FSMAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.44% | 6.01% | -1.57% |
Volatility (6M)Calculated over the trailing 6-month period | 10.12% | 13.07% | -2.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.50% | 22.79% | -4.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.58% | 22.32% | -4.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.65% | 30.19% | -11.54% |