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.
Correlation
The correlation between JNRFX and SPY is 0.93, 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
Key characteristics
JNRFX:
1.51
SPY:
2.12
JNRFX:
2.03
SPY:
2.81
JNRFX:
1.27
SPY:
1.39
JNRFX:
2.13
SPY:
3.21
JNRFX:
7.13
SPY:
13.42
JNRFX:
3.94%
SPY:
2.01%
JNRFX:
18.65%
SPY:
12.78%
JNRFX:
-43.98%
SPY:
-55.19%
JNRFX:
-3.50%
SPY:
-0.29%
Returns By Period
In the year-to-date period, JNRFX achieves a 4.32% return, which is significantly higher than SPY's 3.73% return. Over the past 10 years, JNRFX has underperformed SPY with an annualized return of 7.79%, while SPY has yielded a comparatively higher 13.76% annualized return.
JNRFX
4.32%
0.98%
11.56%
26.84%
11.77%
7.79%
SPY
3.73%
1.10%
12.39%
26.33%
15.23%
13.76%
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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.
Dividends
JNRFX vs. SPY - Dividend Comparison
JNRFX has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.16%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JNRFX Janus Henderson Research Fund | 0.00% | 0.00% | 0.05% | 0.19% | 0.00% | 0.11% | 0.86% | 0.36% | 0.42% | 0.29% | 0.45% | 0.38% |
SPY SPDR S&P 500 ETF | 1.16% | 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 -43.98%, 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 5.34% compared to SPDR S&P 500 ETF (SPY) at 4.00%. 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.