JMGRX vs. JAGTX

Last updated Apr 2, 2026

Compare and contrast key facts about Janus Enterprise Fund Class I (JMGRX) and Janus Global Technology and Innovation Fund (JAGTX).

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. JAGTX is a passively managed fund by Janus Henderson that tracks the performance of the MSCI All Country World Information Technology Index. It was launched on Dec 31, 1998. Both JMGRX and JAGTX are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

JMGRX vs. JAGTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Janus Enterprise Fund Class I (JMGRX) and Janus Global Technology and Innovation Fund (JAGTX). The values are adjusted to include any dividend payments, if applicable.

JMGRX vs. JAGTX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JMGRX Janus Enterprise Fund Class I	-5.96%	7.66%	15.28%	18.03%	-15.99%	17.07%	20.43%	35.28%	-0.88%	26.36%
JAGTX Janus Global Technology and Innovation Fund	-7.05%	24.86%	47.04%	55.16%	-37.69%	17.39%	51.00%	45.08%	0.78%	44.62%

Returns By Period

In the year-to-date period, JMGRX achieves a -5.96% return, which is significantly higher than JAGTX's -7.05% return. Over the past 10 years, JMGRX has underperformed JAGTX with an annualized return of 11.60%, while JAGTX has yielded a comparatively higher 21.58% annualized return.

JMGRX

• 1D: 2.71%
• 1M: -5.70%
• YTD: -5.96%
• 6M: -3.90%
• 1Y: 5.15%
• 3Y*: 8.29%
• 5Y*: 4.92%
• 10Y*: 11.60%

JAGTX

• 1D: 4.03%
• 1M: -7.48%
• YTD: -7.05%
• 6M: -6.61%
• 1Y: 27.62%
• 3Y*: 29.35%
• 5Y*: 13.04%
• 10Y*: 21.58%

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

JMGRX vs. JAGTX - Expense Ratio Comparison

JMGRX has a 0.76% expense ratio, which is lower than JAGTX's 0.91% expense ratio.

JAGTX

Janus Global Technology and Innovation Fund

JMGRX

Janus Enterprise Fund Class I

Return for Risk

JMGRX vs. JAGTX — Risk / Return Rank

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

JMGRX

JMGRX Risk / Return Rank: 10
JMGRX Sharpe Ratio Rank: 9
JMGRX Sortino Ratio Rank: 9
JMGRX Omega Ratio Rank: 9
JMGRX Calmar Ratio Rank: 11
JMGRX Martin Ratio Rank: 12

JAGTX

JAGTX Risk / Return Rank: 65
JAGTX Sharpe Ratio Rank: 62
JAGTX Sortino Ratio Rank: 66
JAGTX Omega Ratio Rank: 59
JAGTX Calmar Ratio Rank: 74
JAGTX Martin Ratio Rank: 62

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.

JMGRX vs. JAGTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Janus Enterprise Fund Class I (JMGRX) and Janus Global Technology and Innovation Fund (JAGTX). 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	JAGTX	Difference
Sharpe ratio Return per unit of total volatility	0.30	1.15	-0.86
Sortino ratio Return per unit of downside risk	0.55	1.72	-1.17
Omega ratio Gain probability vs. loss probability	1.08	1.24	-0.16
Calmar ratio Return relative to maximum drawdown	0.45	1.79	-1.34
Martin ratio Return relative to average drawdown	1.57	6.06	-4.50
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JMGRX vs. JAGTX - Sharpe Ratio Comparison

The current JMGRX Sharpe Ratio is 0.30, which is lower than the JAGTX Sharpe Ratio of 1.15. The chart below compares the historical Sharpe Ratios of JMGRX and JAGTX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	JMGRX	JAGTX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.30	1.15	-0.86
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.28	0.49	-0.21
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.62	0.88	-0.26
Sharpe Ratio (All Time) Calculated using the full available price history	0.58	0.46	+0.12

Correlation

The correlation between JMGRX and JAGTX is 0.86, 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. JAGTX - Dividend Comparison

JMGRX's dividend yield for the trailing twelve months is around 7.93%, less than JAGTX's 14.73% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JMGRX Janus Enterprise Fund Class I	7.93%	7.46%	6.97%	7.46%	10.42%	15.91%	8.44%	4.47%	6.42%	1.77%	1.81%	3.63%
JAGTX Janus Global Technology and Innovation Fund	14.73%	13.69%	23.66%	0.78%	0.00%	16.05%	9.00%	8.62%	6.56%	7.50%	4.85%	8.12%

Drawdowns

JMGRX vs. JAGTX - Drawdown Comparison

The maximum JMGRX drawdown since its inception was -55.48%, smaller than the maximum JAGTX drawdown of -84.57%. Use the drawdown chart below to compare losses from any high point for JMGRX and JAGTX.

Drawdown Indicators

	JMGRX	JAGTX	Difference
Max Drawdown Largest peak-to-trough decline	-55.48%	-84.57%	+29.09%
Max Drawdown (1Y) Largest decline over 1 year	-12.56%	-15.95%	+3.39%
Max Drawdown (5Y) Largest decline over 5 years	-24.21%	-46.52%	+22.31%
Max Drawdown (10Y) Largest decline over 10 years	-38.25%	-46.52%	+8.27%
Current Drawdown Current decline from peak	-8.99%	-12.56%	+3.57%
Average Drawdown Average peak-to-trough decline	-5.75%	-40.07%	+34.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.60%	4.70%	-1.10%

Volatility

JMGRX vs. JAGTX - Volatility Comparison

The current volatility for Janus Enterprise Fund Class I (JMGRX) is 5.41%, while Janus Global Technology and Innovation Fund (JAGTX) has a volatility of 8.31%. This indicates that JMGRX experiences smaller price fluctuations and is considered to be less risky than JAGTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JMGRX	JAGTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.41%	8.31%	-2.90%
Volatility (6M) Calculated over the trailing 6-month period	10.46%	16.28%	-5.82%
Volatility (1Y) Calculated over the trailing 1-year period	18.66%	25.52%	-6.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.62%	26.67%	-9.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.67%	24.60%	-5.93%