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.
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.
Performance
JNRFX vs. SPY - Performance Comparison
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Key characteristics
JNRFX:
0.67
SPY:
0.70
JNRFX:
0.98
SPY:
1.02
JNRFX:
1.13
SPY:
1.15
JNRFX:
0.66
SPY:
0.68
JNRFX:
2.19
SPY:
2.57
JNRFX:
6.83%
SPY:
4.93%
JNRFX:
25.56%
SPY:
20.42%
JNRFX:
-36.48%
SPY:
-55.19%
JNRFX:
-2.97%
SPY:
-3.55%
Returns By Period
In the year-to-date period, JNRFX achieves a 1.63% return, which is significantly higher than SPY's 0.87% return. Over the past 10 years, JNRFX has outperformed SPY with an annualized return of 13.90%, while SPY has yielded a comparatively lower 12.73% annualized return.
JNRFX
1.63%
9.82%
1.72%
16.95%
21.61%
16.24%
13.90%
SPY
0.87%
6.28%
-1.56%
14.21%
14.25%
15.81%
12.73%
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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 Rank
JNRFX
SPY
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.
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Dividends
JNRFX vs. SPY - Dividend Comparison
JNRFX's dividend yield for the trailing twelve months is around 5.03%, more than SPY's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JNRFX Janus Henderson Research Fund | 5.03% | 5.11% | 2.93% | 0.43% | 13.01% | 2.98% | 10.76% | 11.06% | 8.47% | 5.70% | 9.66% | 14.59% |
SPY SPDR S&P 500 ETF | 1.22% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
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.
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Volatility
JNRFX vs. SPY - Volatility Comparison
Janus Henderson Research Fund (JNRFX) has a higher volatility of 5.71% compared to SPDR S&P 500 ETF (SPY) at 4.86%. 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.
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