JMGRX vs. JANIX

Last updated Jun 4, 2026

JMGRX (Janus Enterprise Fund Class I) and JANIX (Janus Henderson Triton Fund) are both mutual funds - JMGRX is a Mid Cap Growth Equities fund tracking the Russell Midcap® Growth Index, while JANIX is a Small Cap Growth Equities fund managed by Janus Henderson. Over the past 10 years, JMGRX returned 12.68%/yr vs 10.20%/yr for JANIX. Their correlation of 0.95 suggests significant overlap in exposure. JMGRX charges 0.76%/yr vs 0.78%/yr for JANIX.

Performance

JMGRX vs. JANIX - Performance Comparison

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

Returns By Period

In the year-to-date period, JMGRX achieves a 6.59% return, which is significantly lower than JANIX's 11.41% return. Over the past 10 years, JMGRX has outperformed JANIX with an annualized return of 12.68%, while JANIX has yielded a comparatively lower 10.20% annualized return.

JMGRX

• 1D: 0.32%
• 1M: 5.54%
• YTD: 6.59%
• 6M: 6.98%
• 1Y: 13.79%
• 3Y*: 12.95%
• 5Y*: 7.27%
• 10Y*: 12.68%

JANIX

• 1D: 0.03%
• 1M: 2.30%
• YTD: 11.41%
• 6M: 11.11%
• 1Y: 25.41%
• 3Y*: 13.25%
• 5Y*: 4.30%
• 10Y*: 10.20%

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

JMGRX vs. JANIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JMGRX Janus Enterprise Fund Class I	6.59%	7.66%	15.28%	18.03%	-15.99%	17.07%	20.43%	35.28%	-0.88%	26.36%
JANIX Janus Henderson Triton Fund	11.41%	9.66%	10.40%	14.68%	-23.65%	6.76%	28.56%	28.42%	-5.15%	27.01%

Correlation

The correlation between JMGRX and JANIX is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (10Y) Calculated over the trailing 10-year period	0.94
Correlation (All Time) Calculated using the full available price history since Dec 1, 2005	0.95

The correlation between JMGRX and JANIX has been stable across timeframes, ranging from 0.90 to 0.95 - a consistent structural relationship.

Return for Risk

JMGRX vs. JANIX — Risk / Return Rank

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

JMGRX

JMGRX Risk / Return Rank: 15
JMGRX Sharpe Ratio Rank: 15
JMGRX Sortino Ratio Rank: 16
JMGRX Omega Ratio Rank: 14
JMGRX Calmar Ratio Rank: 15
JMGRX Martin Ratio Rank: 17

JANIX

JANIX Risk / Return Rank: 37
JANIX Sharpe Ratio Rank: 34
JANIX Sortino Ratio Rank: 34
JANIX Omega Ratio Rank: 29
JANIX Calmar Ratio Rank: 41
JANIX Martin Ratio Rank: 48

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. JANIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Janus Enterprise Fund Class I (JMGRX) 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.

	JMGRX	JANIX	Difference
Sharpe ratio: Return per unit of total volatility	1.09	1.67	-0.58
Sortino ratio: Return per unit of downside risk	1.65	2.44	-0.79
Omega ratio: Gain probability vs. loss probability	1.19	1.28	-0.09
Calmar ratio: Return relative to maximum drawdown	1.32	2.43	-1.11
Martin ratio: Return relative to average drawdown	4.60	10.00	-5.41
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. JANIX - Sharpe Ratio Comparison

The current JMGRX Sharpe Ratio is 1.09, which is lower than the JANIX Sharpe Ratio of 1.67. The chart below compares the historical Sharpe Ratios of JMGRX 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

	JMGRX	JANIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.09	1.67	-0.58
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.41	0.22	+0.19
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.68	0.50	+0.18
Sharpe Ratio (All Time) Calculated using the full available price history	0.60	0.49	+0.12

Drawdowns

JMGRX vs. JANIX - Drawdown Comparison

The maximum JMGRX drawdown since its inception was -55.48%, smaller than the maximum JANIX drawdown of -62.76%. Use the drawdown chart below to compare losses from any high point for JMGRX and JANIX.

Drawdown Indicators

	JMGRX	JANIX	Difference
Max Drawdown Largest peak-to-trough decline	-55.48%	-62.76%	+7.28%
Max Drawdown (1Y) Largest decline over 1 year	-11.39%	-11.05%	-0.34%
Max Drawdown (3Y) Largest decline over 3 years	-19.55%	-23.89%	+4.34%
Max Drawdown (5Y) Largest decline over 5 years	-24.21%	-31.80%	+7.59%
Max Drawdown (10Y) Largest decline over 10 years	-38.25%	-39.70%	+1.45%
Current Drawdown Current decline from peak	0.00%	-1.01%	+1.01%
Average Drawdown Average peak-to-trough decline	-5.72%	-10.03%	+4.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.27%	2.68%	+0.59%

Volatility

JMGRX vs. JANIX - Volatility Comparison

The current volatility for Janus Enterprise Fund Class I (JMGRX) is 4.19%, while Janus Henderson Triton Fund (JANIX) has a volatility of 5.24%. This indicates that JMGRX experiences smaller price fluctuations and is considered to be less risky than JANIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JMGRX	JANIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.19%	5.24%	-1.05%
Volatility (6M) Calculated over the trailing 6-month period	10.56%	12.42%	-1.86%
Volatility (1Y) Calculated over the trailing 1-year period	13.77%	16.07%	-2.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.67%	19.61%	-1.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.71%	20.59%	-1.88%

JMGRX vs. JANIX - Expense Ratio Comparison

JMGRX has a 0.76% expense ratio, which is lower than JANIX's 0.78% expense ratio.

Dividends

JMGRX vs. JANIX - Dividend Comparison

JMGRX's dividend yield for the trailing twelve months is around 7.00%, 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%
JMGRX Janus Enterprise Fund Class I	7.00%	7.46%	6.97%	7.46%	10.42%	15.91%	8.44%	4.47%	6.42%	1.77%	1.81%	3.63%

Frequently Asked Questions

Can I hold both JMGRX and JANIX in my portfolio?

With a correlation of 0.90, JMGRX 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, JMGRX or JANIX?

JANIX has higher volatility (5.24%) compared to JMGRX (4.19%). In terms of maximum drawdown, JMGRX dropped -55.48% vs JANIX's -62.76%.

Which has better risk-adjusted returns?

JANIX currently has the higher Sharpe Ratio (1.67 vs 1.09), 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.