JNRFX vs. SPY
Compare and contrast key facts about Janus Henderson Research Fund (JNRFX) and SPDR S&P 500 ETF (SPY).
JNRFX is managed by Janus Henderson. It was launched on May 3, 1993. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JNRFX or SPY.
Key characteristics
| JNRFX | SPY | |
|---|---|---|
| YTD Return | 24.81% | 19.17% |
| 1Y Return | 37.56% | 28.27% |
| 3Y Return (Ann) | 9.15% | 9.99% |
| 5Y Return (Ann) | 16.73% | 15.18% |
| 10Y Return (Ann) | 14.08% | 12.84% |
| Sharpe Ratio | 1.99 | 2.11 |
| Daily Std Dev | 17.58% | 12.62% |
| Max Drawdown | -36.48% | -55.19% |
| Current Drawdown | -4.01% | -0.36% |
Correlation
The correlation between JNRFX and SPY is 0.94, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
JNRFX vs. SPY - Performance Comparison
In the year-to-date period, JNRFX achieves a 24.81% return, which is significantly higher than SPY's 19.17% return. Over the past 10 years, JNRFX has outperformed SPY with an annualized return of 14.08%, while SPY has yielded a comparatively lower 12.84% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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JNRFX vs. SPY - Expense Ratio Comparison
JNRFX has a 0.66% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
JNRFX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Research Fund (JNRFX) and SPDR S&P 500 ETF (SPY). 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.
Dividends
JNRFX vs. SPY - Dividend Comparison
JNRFX's dividend yield for the trailing twelve months is around 2.34%, more than SPY's 0.93% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JNRFX Janus Henderson Research Fund | 2.34% | 2.93% | 0.43% | 13.01% | 2.98% | 10.76% | 11.06% | 8.47% | 5.70% | 9.66% | 14.60% | 0.74% |
SPY SPDR S&P 500 ETF | 0.93% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
JNRFX vs. SPY - Drawdown Comparison
The maximum JNRFX drawdown since its inception was -36.48%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for JNRFX and SPY. For additional features, visit the drawdowns tool.
Volatility
JNRFX vs. SPY - Volatility Comparison
Janus Henderson Research Fund (JNRFX) has a higher volatility of 5.92% compared to SPDR S&P 500 ETF (SPY) at 3.94%. This indicates that JNRFX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.