JMUIX vs. VGCAX
JMUIX (Janus Henderson Multi-Sector Income Fund) and VGCAX (Vanguard Global Credit Bond Fund Admiral Shares) are both mutual funds - JMUIX is a Multisector Bonds fund managed by Janus Henderson, while VGCAX is a Total Bond Market fund managed by Vanguard. Over the past 5 years, JMUIX returned 2.75%/yr vs 0.91%/yr for VGCAX. Their 0.77 correlation means they have sometimes moved together and sometimes differently. JMUIX charges 0.69%/yr vs 0.25%/yr for VGCAX.
Performance
JMUIX vs. VGCAX - Performance Comparison
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Returns By Period
In the year-to-date period, JMUIX achieves a 0.78% return, which is significantly higher than VGCAX's 0.35% return.
JMUIX
- 1D
- 0.12%
- 1M
- -0.81%
- 6M
- 0.28%
- YTD
- 0.78%
- 1Y
- 4.62%
- 3Y*
- 7.23%
- 5Y*
- 2.75%
- 10Y*
- 4.30%
- ALL TIME*
- 4.28%
VGCAX
- 1D
- 0.11%
- 1M
- -1.04%
- 6M
- -0.22%
- YTD
- 0.35%
- 1Y
- 2.91%
- 3Y*
- 5.66%
- 5Y*
- 0.91%
- 10Y*
- —
- ALL TIME*
- 3.77%
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 |
JMUIX vs. VGCAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
JMUIX Janus Henderson Multi-Sector Income Fund | 0.78% | 9.63% | 7.01% | 10.39% | -11.91% | 3.26% | 5.48% | 11.21% | -0.21% |
VGCAX Vanguard Global Credit Bond Fund Admiral Shares | 0.35% | 7.30% | 3.99% | 9.22% | -13.43% | -0.64% | 10.81% | 13.05% | 0.96% |
Correlation
The correlation between JMUIX and VGCAX is 0.77, 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. | 0.77 |
Correlation (3Y) Balances recent behavior with more history. | 0.82 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.84 |
Correlation (All Time) Calculated using the full available price history since Nov 15, 2018 | 0.77 |
The correlation between JMUIX and VGCAX has been stable across timeframes, ranging from 0.77 to 0.84 - a consistent structural relationship.
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Return for Risk
JMUIX vs. VGCAX — Risk / Return Rank
JMUIX
VGCAX
JMUIX vs. VGCAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Multi-Sector Income Fund (JMUIX) and Vanguard Global Credit Bond Fund Admiral Shares (VGCAX). 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.
| JMUIX | VGCAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.63 | ||
| Sortino ratioReturn per unit of downside risk | +1.22 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.18 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 2.23 | 1.19 | +1.04 |
| Martin ratioReturn relative to average drawdown | 9.37 | 3.74 | +5.63 |
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Drawdowns
JMUIX vs. VGCAX - Drawdown Comparison
The maximum JMUIX drawdown since its inception was -16.09%, smaller than the maximum VGCAX drawdown of -18.63%. Use the drawdown chart below to compare losses from any high point for JMUIX and VGCAX.
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Drawdown Indicators
| JMUIX | VGCAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.09% | -18.63% | +2.54% |
Max Drawdown (1Y)Largest decline over 1 year | -2.50% | -2.90% | +0.40% |
Max Drawdown (3Y)Largest decline over 3 years | -3.57% | -3.54% | -0.03% |
Max Drawdown (5Y)Largest decline over 5 years | -15.99% | -18.63% | +2.64% |
Max Drawdown (10Y)Largest decline over 10 years | -16.09% | — | — |
Current DrawdownCurrent decline from peak | -0.92% | -1.41% | +0.49% |
Average DrawdownAverage peak-to-trough decline | -2.11% | -4.27% | +2.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.59% | 0.92% | -0.33% |
Volatility
JMUIX vs. VGCAX - Volatility Comparison
The current volatility for Janus Henderson Multi-Sector Income Fund (JMUIX) is 0.79%, while Vanguard Global Credit Bond Fund Admiral Shares (VGCAX) has a volatility of 0.87%. This indicates that JMUIX experiences smaller price fluctuations and is considered to be less risky than VGCAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JMUIX | VGCAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.79% | 0.87% | -0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 2.72% | 2.74% | -0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.33% | 3.31% | +0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.47% | 5.08% | -0.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.05% | 4.81% | -0.76% |
JMUIX vs. VGCAX - Expense Ratio Comparison
JMUIX has a 0.69% expense ratio, which is higher than VGCAX's 0.25% expense ratio.
Dividends
JMUIX vs. VGCAX - Dividend Comparison
JMUIX's dividend yield for the trailing twelve months is around 5.86%, more than VGCAX's 5.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JMUIX Janus Henderson Multi-Sector Income Fund | 5.86% | 6.57% | 7.00% | 6.66% | 5.15% | 4.25% | 4.62% | 4.99% | 4.69% | 5.66% | 5.16% | 4.86% |
VGCAX Vanguard Global Credit Bond Fund Admiral Shares | 5.06% | 4.91% | 4.65% | 4.48% | 2.72% | 3.16% | 4.65% | 6.88% | 0.36% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JMUIX and VGCAX have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VGCAX has higher volatility (0.87%) compared to JMUIX (0.79%). In terms of maximum drawdown, JMUIX dropped -16.09% vs VGCAX's -18.63%.
JMUIX currently has the higher Sharpe Ratio (1.68 vs 1.05), 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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