JNGTX vs. JERIX

Last updated Aug 1, 2026

JNGTX (Janus Henderson Global Technology and Innovation Fund Class D) and JERIX (Janus Henderson Global Real Estate Fund) are both mutual funds - JNGTX is a Technology Equities fund managed by Janus Henderson, while JERIX is a REIT fund managed by Janus Henderson. Over the past 10 years, JNGTX returned 22.03%/yr vs 5.80%/yr for JERIX. Their 0.62 correlation means they have sometimes moved together and sometimes differently. JNGTX charges 0.79%/yr vs 1.03%/yr for JERIX.

Performance

JNGTX vs. JERIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Janus Henderson Global Technology and Innovation Fund Class D (JNGTX) and Janus Henderson Global Real Estate Fund (JERIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JNGTX achieves a 18.30% return, which is significantly higher than JERIX's 14.29% return. Over the past 10 years, JNGTX has outperformed JERIX with an annualized return of 22.03%, while JERIX has yielded a comparatively lower 5.80% annualized return.

JNGTX

• 1D: 6.74%
• 1M: -6.32%
• 6M: 15.73%
• YTD: 18.30%
• 1Y: 27.44%
• 3Y*: 28.42%
• 5Y*: 13.93%
• 10Y*: 22.03%
• ALL TIME*: 12.17%

JERIX

• 1D: 0.00%
• 1M: 2.39%
• 6M: 9.76%
• YTD: 14.29%
• 1Y: 18.97%
• 3Y*: 8.88%
• 5Y*: 0.79%
• 10Y*: 5.80%
• ALL TIME*: 5.32%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
JERIX Janus Henderson Global Real Estate Fund	$0.00	$0.00	$0.00
JNGTX Janus Henderson Global Technology and Innovation Fund Class D	$0.00	$0.00	$0.00

JNGTX vs. JERIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JNGTX Janus Henderson Global Technology and Innovation Fund Class D	18.30%	25.00%	32.34%	55.33%	-37.63%	17.53%	51.18%	45.15%	0.92%	44.69%
JERIX Janus Henderson Global Real Estate Fund	14.29%	9.45%	0.11%	7.60%	-25.23%	22.43%	1.38%	30.91%	-3.15%	17.72%

Correlation

The correlation between JNGTX and JERIX is 0.12, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.12
Correlation (3Y) Balances recent behavior with more history.	0.30
Correlation (5Y) Shows whether the relationship held over a longer period.	0.45
Correlation (10Y) Provides a long-term view across more market conditions.	0.49
Correlation (All Time) Calculated using the full available price history since Nov 29, 2007	0.62

Over the past year, the correlation between JNGTX and JERIX has dropped to 0.12 - well below their long-term average of 0.62, suggesting their price drivers have been diverging.

Return for Risk

JNGTX vs. JERIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

JNGTX

JNGTX Risk / Return Rank: 30
JNGTX Sharpe Ratio Rank: 28
JNGTX Sortino Ratio Rank: 28
JNGTX Omega Ratio Rank: 29
JNGTX Calmar Ratio Rank: 31
JNGTX Martin Ratio Rank: 31

JERIX

JERIX Risk / Return Rank: 55
JERIX Sharpe Ratio Rank: 62
JERIX Sortino Ratio Rank: 61
JERIX Omega Ratio Rank: 62
JERIX Calmar Ratio Rank: 46
JERIX Martin Ratio Rank: 45

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

JNGTX vs. JERIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Global Technology and Innovation Fund Class D (JNGTX) and Janus Henderson Global Real Estate Fund (JERIX). 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.

	JNGTX	JERIX	Difference
Sharpe ratio: Return per unit of total volatility	0.91	1.50	-0.59
Sortino ratio: Return per unit of downside risk	1.35	2.14	-0.79
Omega ratio: Gain probability vs. loss probability	1.17	1.28	-0.10
Calmar ratio: Return relative to maximum drawdown	1.32	1.78	-0.46
Martin ratio: Return relative to average drawdown	4.37	6.43	-2.06

JNGTX vs. JERIX - Sharpe Ratio Comparison

The current JNGTX Sharpe Ratio is 0.91, which is lower than the JERIX Sharpe Ratio of 1.50. The chart below compares the historical Sharpe Ratios of JNGTX and JERIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

JNGTX vs. JERIX - Drawdown Comparison

The maximum JNGTX drawdown since its inception was -84.79%, which is greater than JERIX's maximum drawdown of -65.94%. Use the drawdown chart below to compare losses from any high point for JNGTX and JERIX.

Drawdown Indicators

	JNGTX	JERIX	Difference
Max Drawdown Largest peak-to-trough decline	-84.79%	-65.94%	-18.85%
Max Drawdown (1Y) Largest decline over 1 year	-18.53%	-9.97%	-8.56%
Max Drawdown (3Y) Largest decline over 3 years	-23.91%	-19.16%	-4.75%
Max Drawdown (5Y) Largest decline over 5 years	-46.46%	-34.01%	-12.45%
Max Drawdown (10Y) Largest decline over 10 years	-46.46%	-39.36%	-7.10%
Current Drawdown Current decline from peak	-13.04%	-0.58%	-12.46%
Average Drawdown Average peak-to-trough decline	-40.03%	-10.97%	-29.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.60%	2.76%	+2.84%

Volatility

JNGTX vs. JERIX - Volatility Comparison

Janus Henderson Global Technology and Innovation Fund Class D (JNGTX) has a higher volatility of 12.44% compared to Janus Henderson Global Real Estate Fund (JERIX) at 3.35%. This indicates that JNGTX's price experiences larger fluctuations and is considered to be riskier than JERIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JNGTX	JERIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.44%	3.35%	+9.09%
Volatility (6M) Calculated over the trailing 6-month period	23.71%	9.55%	+14.16%
Volatility (1Y) Calculated over the trailing 1-year period	26.97%	11.87%	+15.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.52%	15.96%	+11.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.10%	16.89%	+8.21%

JNGTX vs. JERIX - Expense Ratio Comparison

JNGTX has a 0.79% expense ratio, which is lower than JERIX's 1.03% expense ratio.

Dividends

JNGTX vs. JERIX - Dividend Comparison

JNGTX's dividend yield for the trailing twelve months is around 11.34%, more than JERIX's 3.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JERIX Janus Henderson Global Real Estate Fund	3.01%	3.25%	2.78%	2.70%	1.54%	5.83%	1.55%	4.59%	5.20%	4.44%	4.51%	4.66%
JNGTX Janus Henderson Global Technology and Innovation Fund Class D	11.34%	13.42%	11.65%	0.77%	0.00%	15.86%	8.99%	8.55%	6.61%	7.47%	4.83%	7.75%

Frequently Asked Questions

Can I hold both JNGTX and JERIX in my portfolio?

JNGTX and JERIX have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JNGTX or JERIX?

JNGTX has higher volatility (12.44%) compared to JERIX (3.35%). In terms of maximum drawdown, JNGTX dropped -84.79% vs JERIX's -65.94%.

Which has better risk-adjusted returns?

JERIX currently has the higher Sharpe Ratio (1.50 vs 0.91), 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.