JNOSX vs. VXUS

Last updated Jun 23, 2026

JNOSX (Janus Henderson Overseas Fund) and VXUS (Vanguard Total International Stock ETF) are both funds - JNOSX is a Foreign Large Cap Equities fund managed by Janus Henderson, while VXUS is a Global Equities fund tracking the FTSE Global All Cap ex US Index. Over the past 10 years, JNOSX returned 12.34%/yr vs 10.57%/yr for VXUS. Their correlation of 0.86 suggests significant overlap in exposure. JNOSX charges 0.95%/yr vs 0.05%/yr for VXUS.

Performance

JNOSX vs. VXUS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Janus Henderson Overseas Fund (JNOSX) and Vanguard Total International Stock ETF (VXUS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with JNOSX having a 16.03% return and VXUS slightly higher at 16.04%. Over the past 10 years, JNOSX has outperformed VXUS with an annualized return of 12.34%, while VXUS has yielded a comparatively lower 10.57% annualized return.

JNOSX

• 1D: 1.00%
• 1M: 3.96%
• YTD: 16.03%
• 6M: 16.70%
• 1Y: 32.98%
• 3Y*: 17.09%
• 5Y*: 10.26%
• 10Y*: 12.34%

VXUS

• 1D: 0.33%
• 1M: 3.54%
• YTD: 16.04%
• 6M: 16.58%
• 1Y: 34.50%
• 3Y*: 20.13%
• 5Y*: 9.22%
• 10Y*: 10.57%

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

JNOSX vs. VXUS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JNOSX Janus Henderson Overseas Fund	16.03%	28.76%	5.89%	10.94%	-8.71%	13.11%	16.71%	28.21%	-15.30%	31.33%
VXUS Vanguard Total International Stock ETF	16.04%	32.35%	5.08%	15.86%	-16.08%	8.98%	10.66%	21.75%	-14.43%	27.46%

Correlation

The correlation between JNOSX and VXUS is 0.83, 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	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (5Y) Calculated over the trailing 5-year period	0.90
Correlation (10Y) Calculated over the trailing 10-year period	0.89
Correlation (All Time) Calculated using the full available price history since Jan 28, 2011	0.86

The correlation between JNOSX and VXUS has been stable across timeframes, ranging from 0.83 to 0.90 - a consistent structural relationship.

Return for Risk

JNOSX vs. VXUS — Risk / Return Rank

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

JNOSX

JNOSX Risk / Return Rank: 65
JNOSX Sharpe Ratio Rank: 66
JNOSX Sortino Ratio Rank: 62
JNOSX Omega Ratio Rank: 70
JNOSX Calmar Ratio Rank: 64
JNOSX Martin Ratio Rank: 65

VXUS

VXUS Risk / Return Rank: 67
VXUS Sharpe Ratio Rank: 69
VXUS Sortino Ratio Rank: 66
VXUS Omega Ratio Rank: 70
VXUS Calmar Ratio Rank: 64
VXUS Martin Ratio Rank: 66

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.

JNOSX vs. VXUS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Overseas Fund (JNOSX) and Vanguard Total International Stock ETF (VXUS). 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.

	JNOSX	VXUS	Difference
Sharpe ratio: Return per unit of total volatility	2.18	2.16	+0.02
Sortino ratio: Return per unit of downside risk	3.02	2.92	+0.10
Omega ratio: Gain probability vs. loss probability	1.43	1.40	+0.03
Calmar ratio: Return relative to maximum drawdown	2.94	3.07	-0.13
Martin ratio: Return relative to average drawdown	11.87	11.84	+0.03

JNOSX vs. VXUS - Sharpe Ratio Comparison

The current JNOSX Sharpe Ratio is 2.18, which is comparable to the VXUS Sharpe Ratio of 2.16. The chart below compares the historical Sharpe Ratios of JNOSX and VXUS, 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

JNOSX vs. VXUS - Drawdown Comparison

The maximum JNOSX drawdown since its inception was -72.45%, which is greater than VXUS's maximum drawdown of -35.97%. Use the drawdown chart below to compare losses from any high point for JNOSX and VXUS.

Drawdown Indicators

	JNOSX	VXUS	Difference
Max Drawdown Largest peak-to-trough decline	-72.45%	-35.97%	-36.48%
Max Drawdown (1Y) Largest decline over 1 year	-10.88%	-11.27%	+0.39%
Max Drawdown (3Y) Largest decline over 3 years	-16.01%	-13.58%	-2.43%
Max Drawdown (5Y) Largest decline over 5 years	-25.89%	-29.44%	+3.55%
Max Drawdown (10Y) Largest decline over 10 years	-36.68%	-35.97%	-0.71%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-26.92%	-8.20%	-18.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.69%	2.92%	-0.23%

Volatility

JNOSX vs. VXUS - Volatility Comparison

Janus Henderson Overseas Fund (JNOSX) has a higher volatility of 6.84% compared to Vanguard Total International Stock ETF (VXUS) at 6.28%. This indicates that JNOSX's price experiences larger fluctuations and is considered to be riskier than VXUS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JNOSX	VXUS	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.84%	6.28%	+0.56%
Volatility (6M) Calculated over the trailing 6-month period	13.03%	14.10%	-1.07%
Volatility (1Y) Calculated over the trailing 1-year period	14.71%	16.08%	-1.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.16%	16.21%	-0.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.26%	17.18%	+0.08%

JNOSX vs. VXUS - Expense Ratio Comparison

JNOSX has a 0.95% expense ratio, which is higher than VXUS's 0.05% expense ratio.

Dividends

JNOSX vs. VXUS - Dividend Comparison

JNOSX's dividend yield for the trailing twelve months is around 1.11%, less than VXUS's 2.51% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JNOSX Janus Henderson Overseas Fund	1.11%	1.29%	1.65%	1.39%	1.59%	1.04%	0.88%	2.77%	1.15%	1.86%	1.32%	4.63%
VXUS Vanguard Total International Stock ETF	2.51%	3.18%	3.37%	3.24%	3.09%	3.10%	2.14%	3.06%	3.18%	2.73%	2.93%	2.83%

Frequently Asked Questions

Can I hold both JNOSX and VXUS in my portfolio?

JNOSX and VXUS have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JNOSX or VXUS?

JNOSX has higher volatility (6.84%) compared to VXUS (6.28%). In terms of maximum drawdown, JNOSX dropped -72.45% vs VXUS's -35.97%.

Which has better risk-adjusted returns?

JNOSX currently has the higher Sharpe Ratio (2.18 vs 2.16), 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.