JMGRX vs. JNRFX
Compare and contrast key facts about Janus Enterprise Fund Class I (JMGRX) and Janus Henderson Research Fund (JNRFX).
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. JNRFX is managed by Janus Henderson. It was launched on May 3, 1993.
Performance
JMGRX vs. JNRFX - Performance Comparison
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JMGRX vs. JNRFX - 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% |
JNRFX Janus Henderson Research Fund | -13.99% | 18.45% | 35.13% | 43.14% | -29.96% | 20.19% | 32.82% | 35.40% | -2.73% | 25.90% |
Returns By Period
In the year-to-date period, JMGRX achieves a -8.45% return, which is significantly higher than JNRFX's -13.99% return. Over the past 10 years, JMGRX has underperformed JNRFX with an annualized return of 11.30%, while JNRFX has yielded a comparatively higher 14.14% 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%
JNRFX
- 1D
- -0.62%
- 1M
- -9.37%
- YTD
- -13.99%
- 6M
- -13.17%
- 1Y
- 12.59%
- 3Y*
- 20.00%
- 5Y*
- 10.53%
- 10Y*
- 14.14%
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JMGRX vs. JNRFX - Expense Ratio Comparison
JMGRX has a 0.76% expense ratio, which is higher than JNRFX's 0.66% expense ratio.
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 (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.
| JMGRX | JNRFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.15 | 0.56 | -0.41 |
Sortino ratioReturn per unit of downside risk | 0.35 | 0.97 | -0.62 |
Omega ratioGain probability vs. loss probability | 1.05 | 1.14 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 0.11 | 0.56 | -0.45 |
Martin ratioReturn relative to average drawdown | 0.39 | 2.03 | -1.63 |
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 | JNRFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.15 | 0.56 | -0.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.27 | 0.48 | -0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | 0.67 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.44 | +0.13 |
Correlation
The correlation between JMGRX and JNRFX is 0.90, 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. JNRFX - Dividend Comparison
JMGRX's dividend yield for the trailing twelve months is around 8.15%, less than JNRFX's 13.88% 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% |
JNRFX Janus Henderson Research Fund | 13.88% | 11.94% | 5.11% | 2.93% | 0.43% | 13.01% | 2.98% | 10.37% | 11.06% | 8.22% | 5.41% | 9.21% |
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 | -12.56% | -17.05% | +4.49% |
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 | -11.39% | -17.05% | +5.66% |
Average DrawdownAverage peak-to-trough decline | -5.75% | -25.07% | +19.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.55% | 4.70% | -1.15% |
Volatility
JMGRX vs. JNRFX - Volatility Comparison
The current volatility for Janus Enterprise Fund Class I (JMGRX) is 4.44%, while Janus Henderson Research Fund (JNRFX) has a volatility of 5.64%. 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 | 4.44% | 5.64% | -1.20% |
Volatility (6M)Calculated over the trailing 6-month period | 10.12% | 12.04% | -1.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.50% | 22.24% | -3.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.58% | 21.97% | -4.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.65% | 21.24% | -2.59% |