JMUIX vs. SPY
Compare and contrast key facts about Janus Henderson Multi-Sector Income Fund (JMUIX) and State Street SPDR S&P 500 ETF (SPY).
JMUIX is managed by Janus Henderson. It was launched on Feb 27, 2014. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Performance
JMUIX vs. SPY - Performance Comparison
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JMUIX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JMUIX Janus Henderson Multi-Sector Income Fund | -1.21% | 9.63% | 7.01% | 10.39% | -11.91% | 3.26% | 5.48% | 11.21% | 0.65% | 6.57% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, JMUIX achieves a -1.21% return, which is significantly higher than SPY's -4.37% return. Over the past 10 years, JMUIX has underperformed SPY with an annualized return of 4.54%, while SPY has yielded a comparatively higher 13.98% annualized return.
JMUIX
- 1D
- 0.23%
- 1M
- -2.27%
- YTD
- -1.21%
- 6M
- 0.73%
- 1Y
- 6.08%
- 3Y*
- 7.34%
- 5Y*
- 2.83%
- 10Y*
- 4.54%
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
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JMUIX vs. SPY - Expense Ratio Comparison
JMUIX has a 0.69% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
JMUIX vs. SPY — Risk / Return Rank
JMUIX
SPY
JMUIX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Multi-Sector Income Fund (JMUIX) and State Street SPDR S&P 500 ETF (SPY). 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.
| JMUIX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.99 | 0.93 | +1.07 |
Sortino ratioReturn per unit of downside risk | 3.13 | 1.45 | +1.67 |
Omega ratioGain probability vs. loss probability | 1.43 | 1.22 | +0.20 |
Calmar ratioReturn relative to maximum drawdown | 2.70 | 1.53 | +1.17 |
Martin ratioReturn relative to average drawdown | 11.21 | 7.30 | +3.91 |
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
| JMUIX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.99 | 0.93 | +1.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 0.69 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.14 | 0.78 | +0.35 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.12 | 0.56 | +0.56 |
Correlation
The correlation between JMUIX and SPY is 0.18, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
JMUIX vs. SPY - Dividend Comparison
JMUIX's dividend yield for the trailing twelve months is around 6.09%, more than SPY's 1.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JMUIX Janus Henderson Multi-Sector Income Fund | 6.09% | 6.57% | 7.00% | 6.66% | 5.15% | 4.25% | 4.62% | 4.99% | 4.69% | 5.66% | 5.16% | 4.86% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
JMUIX vs. SPY - Drawdown Comparison
The maximum JMUIX drawdown since its inception was -16.09%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for JMUIX and SPY.
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Drawdown Indicators
| JMUIX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.09% | -55.19% | +39.10% |
Max Drawdown (1Y)Largest decline over 1 year | -2.50% | -12.05% | +9.55% |
Max Drawdown (5Y)Largest decline over 5 years | -15.99% | -24.50% | +8.51% |
Max Drawdown (10Y)Largest decline over 10 years | -16.09% | -33.72% | +17.63% |
Current DrawdownCurrent decline from peak | -2.27% | -6.24% | +3.97% |
Average DrawdownAverage peak-to-trough decline | -2.15% | -9.09% | +6.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.60% | 2.52% | -1.92% |
Volatility
JMUIX vs. SPY - Volatility Comparison
The current volatility for Janus Henderson Multi-Sector Income Fund (JMUIX) is 1.29%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 5.31%. This indicates that JMUIX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JMUIX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.29% | 5.31% | -4.02% |
Volatility (6M)Calculated over the trailing 6-month period | 2.12% | 9.47% | -7.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.34% | 19.05% | -15.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.37% | 17.06% | -12.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.01% | 17.92% | -13.91% |