JNGIX vs. ^GSPC
JNGIX (Janus Henderson Growth And Income Fund) is Large Cap Blend Equities fund managed by Janus Henderson, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, JNGIX returned 14.20%/yr vs 13.71%/yr for ^GSPC. Their correlation of 0.92 suggests significant overlap in exposure.
Performance
JNGIX vs. ^GSPC - Performance Comparison
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Returns By Period
In the year-to-date period, JNGIX achieves a 10.37% return, which is significantly higher than ^GSPC's 7.60% return. Both investments have delivered pretty close results over the past 10 years, with JNGIX having a 14.20% annualized return and ^GSPC not far behind at 13.71%.
JNGIX
- 1D
- -0.31%
- 1M
- 2.85%
- YTD
- 10.37%
- 6M
- 9.56%
- 1Y
- 25.15%
- 3Y*
- 18.40%
- 5Y*
- 12.16%
- 10Y*
- 14.20%
^GSPC
- 1D
- -1.44%
- 1M
- -1.45%
- YTD
- 7.60%
- 6M
- 6.59%
- 1Y
- 22.24%
- 3Y*
- 19.20%
- 5Y*
- 11.54%
- 10Y*
- 13.71%
JNGIX vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JNGIX Janus Henderson Growth And Income Fund | 10.37% | 20.07% | 15.26% | 18.06% | -14.27% | 28.97% | 10.35% | 27.14% | -1.96% | 24.20% |
^GSPC S&P 500 Index | 7.60% | 16.39% | 23.31% | 24.23% | -19.44% | 26.89% | 16.26% | 28.88% | -6.24% | 19.42% |
Correlation
The correlation between JNGIX and ^GSPC is 0.95, 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 | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since May 17, 1991 | 0.92 |
The correlation between JNGIX and ^GSPC has been stable across timeframes, ranging from 0.92 to 0.96 - a consistent structural relationship.
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Return for Risk
JNGIX vs. ^GSPC — Risk / Return Rank
JNGIX
^GSPC
JNGIX vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Growth And Income Fund (JNGIX) and S&P 500 Index (^GSPC). 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.
| JNGIX | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.32 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.60 | 2.46 | +0.14 |
| Martin ratioReturn relative to average drawdown | 11.51 | 10.92 | +0.59 |
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Drawdowns
JNGIX vs. ^GSPC - Drawdown Comparison
The maximum JNGIX drawdown since its inception was -63.66%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for JNGIX and ^GSPC.
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Drawdown Indicators
| JNGIX | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.66% | -56.78% | -6.88% |
Max Drawdown (1Y)Largest decline over 1 year | -10.14% | -9.10% | -1.04% |
Max Drawdown (3Y)Largest decline over 3 years | -26.75% | -18.90% | -7.85% |
Max Drawdown (5Y)Largest decline over 5 years | -26.75% | -25.43% | -1.32% |
Max Drawdown (10Y)Largest decline over 10 years | -35.48% | -33.92% | -1.56% |
Current DrawdownCurrent decline from peak | -0.36% | -3.21% | +2.85% |
Average DrawdownAverage peak-to-trough decline | -15.40% | -10.71% | -4.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.28% | 2.04% | +0.24% |
Volatility
JNGIX vs. ^GSPC - Volatility Comparison
The current volatility for Janus Henderson Growth And Income Fund (JNGIX) is 4.54%, while S&P 500 Index (^GSPC) has a volatility of 4.89%. This indicates that JNGIX experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JNGIX | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.54% | 4.89% | -0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 10.42% | 9.93% | +0.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.16% | 12.57% | +0.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.68% | 17.00% | +1.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.93% | 18.08% | +0.85% |
Frequently Asked Questions
With a correlation of 0.95, JNGIX and ^GSPC 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.
^GSPC has higher volatility (4.89%) compared to JNGIX (4.54%). In terms of maximum drawdown, JNGIX dropped -63.66% vs ^GSPC's -56.78%.
JNGIX currently has the higher Sharpe Ratio (2.00 vs 1.78), 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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