JMGRX vs. JNRFX
JMGRX (Janus Enterprise Fund Class I) and JNRFX (Janus Henderson Research Fund Class D) are both mutual funds - JMGRX is a Mid Cap Growth Equities fund tracking the Russell Midcap® Growth Index, while JNRFX is a Large Cap Growth Equities fund actively managed by Janus Henderson. JMGRX is passively managed, while JNRFX is actively managed. Over the past 10 years, JMGRX returned 12.51%/yr vs 15.79%/yr for JNRFX. Their correlation of 0.89 means they have usually moved in the same direction. JMGRX charges 0.76%/yr vs 0.83%/yr for JNRFX.
Performance
JMGRX vs. JNRFX - Performance Comparison
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Returns By Period
In the year-to-date period, JMGRX achieves a 8.75% return, which is significantly higher than JNRFX's 4.82% return. Over the past 10 years, JMGRX has underperformed JNRFX with an annualized return of 12.51%, while JNRFX has yielded a comparatively higher 15.79% annualized return.
JMGRX
- 1D
- 1.05%
- 1M
- -0.09%
- 6M
- 9.31%
- YTD
- 8.75%
- 1Y
- 12.16%
- 3Y*
- 11.91%
- 5Y*
- 6.81%
- 10Y*
- 12.51%
- ALL TIME*
- 13.33%
JNRFX
- 1D
- 2.32%
- 1M
- 0.26%
- 6M
- 8.41%
- YTD
- 4.82%
- 1Y
- 9.78%
- 3Y*
- 22.57%
- 5Y*
- 12.09%
- 10Y*
- 15.79%
- ALL TIME*
- 10.01%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
JMGRX vs. JNRFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JMGRX Janus Enterprise Fund Class I | 8.75% | 7.66% | 15.28% | 18.03% | -15.99% | 17.07% | 20.43% | 35.28% | -0.88% | 26.36% |
JNRFX Janus Henderson Research Fund Class D | 4.82% | 18.45% | 35.13% | 43.14% | -29.96% | 20.19% | 32.82% | 35.40% | -2.73% | 25.90% |
Correlation
The correlation between JMGRX and JNRFX is 0.60, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.60 |
Correlation (3Y) Balances recent behavior with more history. | 0.66 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.78 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.82 |
Correlation (All Time) Calculated using the full available price history since Nov 30, 2005 | 0.89 |
Over the past year, the correlation between JMGRX and JNRFX has dropped to 0.60 - well below their long-term average of 0.89, suggesting their price drivers have been diverging.
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Return for Risk
JMGRX vs. JNRFX — Risk / Return Rank
JMGRX
JNRFX
JMGRX vs. JNRFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Janus Enterprise Fund Class I (JMGRX) and Janus Henderson Research Fund Class D (JNRFX). 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.
| JMGRX | JNRFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.30 | ||
| Sortino ratioReturn per unit of downside risk | +0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.12 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.19 | 0.70 | +0.49 |
| Martin ratioReturn relative to average drawdown | 4.17 | 2.23 | +1.93 |
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Drawdowns
JMGRX vs. JNRFX - Drawdown Comparison
The maximum JMGRX drawdown since its inception was -55.48%, smaller than the maximum JNRFX drawdown of -74.74%. Use the drawdown chart below to compare losses from any high point for JMGRX and JNRFX.
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Drawdown Indicators
| JMGRX | JNRFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.48% | -74.74% | +19.26% |
Max Drawdown (1Y)Largest decline over 1 year | -11.39% | -17.05% | +5.66% |
Max Drawdown (3Y)Largest decline over 3 years | -19.55% | -22.66% | +3.11% |
Max Drawdown (5Y)Largest decline over 5 years | -24.21% | -36.48% | +12.27% |
Max Drawdown (10Y)Largest decline over 10 years | -38.25% | -36.48% | -1.77% |
Current DrawdownCurrent decline from peak | -0.50% | -4.27% | +3.77% |
Average DrawdownAverage peak-to-trough decline | -5.68% | -24.85% | +19.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.26% | 5.35% | -2.09% |
Volatility
JMGRX vs. JNRFX - Volatility Comparison
The current volatility for Janus Enterprise Fund Class I (JMGRX) is 3.21%, while Janus Henderson Research Fund Class D (JNRFX) has a volatility of 7.20%. This indicates that JMGRX experiences smaller price fluctuations and is considered to be less risky than JNRFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JMGRX | JNRFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.21% | 7.20% | -3.99% |
Volatility (6M)Calculated over the trailing 6-month period | 11.25% | 15.45% | -4.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.33% | 18.58% | -4.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.73% | 22.47% | -4.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.69% | 21.51% | -2.82% |
JMGRX vs. JNRFX - Expense Ratio Comparison
JMGRX has a 0.76% expense ratio, which is lower than JNRFX's 0.83% expense ratio.
Dividends
JMGRX vs. JNRFX - Dividend Comparison
JMGRX's dividend yield for the trailing twelve months is around 6.86%, less than JNRFX's 11.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JMGRX Janus Enterprise Fund Class I | 6.86% | 7.46% | 6.97% | 7.46% | 10.42% | 15.91% | 8.44% | 4.47% | 6.42% | 1.77% | 1.81% | 3.63% |
JNRFX Janus Henderson Research Fund Class D | 11.39% | 11.94% | 5.11% | 2.93% | 0.43% | 13.01% | 2.98% | 10.37% | 11.06% | 8.22% | 5.41% | 9.21% |
Frequently Asked Questions
JMGRX and JNRFX have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JNRFX has higher volatility (7.20%) compared to JMGRX (3.21%). In terms of maximum drawdown, JMGRX dropped -55.48% vs JNRFX's -74.74%.
JMGRX currently has the higher Sharpe Ratio (0.95 vs 0.65), 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.
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