JNGTX vs. JGLTX

Last updated Jun 23, 2026

JNGTX (Janus Henderson Global Technology and Innovation Fund Class D) and JGLTX (Janus Henderson VIT Global Technology and Innovation Portfolio) are both Technology Equities funds from Janus Henderson. Over the past 10 years, JNGTX returned 24.68%/yr vs 24.93%/yr for JGLTX. With a 0.99 correlation, they move nearly in lockstep. JNGTX charges 0.79%/yr vs 0.72%/yr for JGLTX.

Performance

JNGTX vs. JGLTX - 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 VIT Global Technology and Innovation Portfolio (JGLTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with JNGTX having a 35.33% return and JGLTX slightly lower at 35.08%. Both investments have delivered pretty close results over the past 10 years, with JNGTX having a 24.68% annualized return and JGLTX not far ahead at 24.93%.

JNGTX

• 1D: 3.08%
• 1M: 10.10%
• YTD: 35.33%
• 6M: 35.96%
• 1Y: 57.88%
• 3Y*: 36.13%
• 5Y*: 18.06%
• 10Y*: 24.68%

JGLTX

• 1D: 3.06%
• 1M: 9.96%
• YTD: 35.08%
• 6M: 35.71%
• 1Y: 57.60%
• 3Y*: 36.04%
• 5Y*: 18.48%
• 10Y*: 24.93%

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

JNGTX vs. JGLTX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JNGTX Janus Henderson Global Technology and Innovation Fund Class D	35.33%	25.00%	32.34%	55.33%	-37.63%	17.53%	51.18%	45.15%	0.92%	44.69%
JGLTX Janus Henderson VIT Global Technology and Innovation Portfolio	35.08%	25.19%	32.10%	54.55%	-36.42%	18.28%	50.42%	45.29%	1.17%	45.17%

Correlation

The correlation between JNGTX and JGLTX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	1.00
Correlation (3Y) Calculated over the trailing 3-year period	1.00
Correlation (5Y) Calculated over the trailing 5-year period	1.00
Correlation (10Y) Calculated over the trailing 10-year period	1.00
Correlation (All Time) Calculated using the full available price history since Jan 18, 2000	0.99

The correlation between JNGTX and JGLTX has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.

Return for Risk

JNGTX vs. JGLTX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JNGTX

JNGTX Risk / Return Rank: 72
JNGTX Sharpe Ratio Rank: 82
JNGTX Sortino Ratio Rank: 64
JNGTX Omega Ratio Rank: 68
JNGTX Calmar Ratio Rank: 82
JNGTX Martin Ratio Rank: 64

JGLTX

JGLTX Risk / Return Rank: 73
JGLTX Sharpe Ratio Rank: 82
JGLTX Sortino Ratio Rank: 65
JGLTX Omega Ratio Rank: 69
JGLTX Calmar Ratio Rank: 83
JGLTX Martin Ratio Rank: 65

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

JNGTX vs. JGLTX - 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 VIT Global Technology and Innovation Portfolio (JGLTX). 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	JGLTX	Difference
Sharpe ratio: Return per unit of total volatility	2.48	2.48	0.00
Sortino ratio: Return per unit of downside risk	3.05	3.06	0.00
Omega ratio: Gain probability vs. loss probability	1.42	1.42	0.00
Calmar ratio: Return relative to maximum drawdown	3.59	3.61	-0.01
Martin ratio: Return relative to average drawdown	11.91	11.94	-0.03

JNGTX vs. JGLTX - Sharpe Ratio Comparison

The current JNGTX Sharpe Ratio is 2.48, which is comparable to the JGLTX Sharpe Ratio of 2.48. The chart below compares the historical Sharpe Ratios of JNGTX and JGLTX, 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. JGLTX - Drawdown Comparison

The maximum JNGTX drawdown since its inception was -84.79%, roughly equal to the maximum JGLTX drawdown of -81.78%. Use the drawdown chart below to compare losses from any high point for JNGTX and JGLTX.

Drawdown Indicators

	JNGTX	JGLTX	Difference
Max Drawdown Largest peak-to-trough decline	-84.79%	-81.78%	-3.01%
Max Drawdown (1Y) Largest decline over 1 year	-15.93%	-15.81%	-0.12%
Max Drawdown (3Y) Largest decline over 3 years	-23.91%	-23.72%	-0.19%
Max Drawdown (5Y) Largest decline over 5 years	-46.46%	-45.18%	-1.28%
Max Drawdown (10Y) Largest decline over 10 years	-46.46%	-45.18%	-1.28%
Current Drawdown Current decline from peak	0.00%	-0.03%	+0.03%
Average Drawdown Average peak-to-trough decline	-40.16%	-36.54%	-3.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.80%	4.77%	+0.03%

Volatility

JNGTX vs. JGLTX - Volatility Comparison

Janus Henderson Global Technology and Innovation Fund Class D (JNGTX) and Janus Henderson VIT Global Technology and Innovation Portfolio (JGLTX) have volatilities of 11.81% and 11.87%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JNGTX	JGLTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.81%	11.87%	-0.06%
Volatility (6M) Calculated over the trailing 6-month period	19.75%	19.66%	+0.09%
Volatility (1Y) Calculated over the trailing 1-year period	23.13%	23.00%	+0.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.83%	26.49%	+0.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.80%	24.71%	+0.09%

JNGTX vs. JGLTX - Expense Ratio Comparison

JNGTX has a 0.79% expense ratio, which is higher than JGLTX's 0.72% expense ratio.

Dividends

JNGTX vs. JGLTX - Dividend Comparison

JNGTX's dividend yield for the trailing twelve months is around 9.92%, less than JGLTX's 10.40% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JGLTX Janus Henderson VIT Global Technology and Innovation Portfolio	10.40%	8.98%	0.00%	0.00%	26.96%	14.48%	7.71%	6.81%	4.95%	5.68%	3.71%	16.11%
JNGTX Janus Henderson Global Technology and Innovation Fund Class D	9.92%	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 JGLTX in my portfolio?

With a correlation of 1.00, JNGTX and JGLTX 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.

Which is riskier, JNGTX or JGLTX?

JGLTX has higher volatility (11.87%) compared to JNGTX (11.81%). In terms of maximum drawdown, JNGTX dropped -84.79% vs JGLTX's -81.78%.

Which has better risk-adjusted returns?

JGLTX currently has the higher Sharpe Ratio (2.48 vs 2.48), 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.