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:
1.83
SPY:
2.21
JNRFX:
2.40
SPY:
2.93
JNRFX:
1.33
SPY:
1.41
JNRFX:
1.74
SPY:
3.26
JNRFX:
9.45
SPY:
14.40
JNRFX:
3.55%
SPY:
1.90%
JNRFX:
18.29%
SPY:
12.44%
JNRFX:
-43.98%
SPY:
-55.19%
JNRFX:
-4.35%
SPY:
-1.83%
Returns By Period
In the year-to-date period, JNRFX achieves a 33.09% return, which is significantly higher than SPY's 26.72% return. Over the past 10 years, JNRFX has underperformed SPY with an annualized return of 7.47%, while SPY has yielded a comparatively higher 13.04% annualized return.
JNRFX
33.09%
-0.47%
6.19%
33.55%
11.97%
7.47%
SPY
26.72%
0.20%
10.28%
27.17%
14.87%
13.04%
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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 has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.19%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JNRFX Janus Henderson Research Fund | 0.00% | 0.05% | 0.19% | 0.00% | 0.11% | 0.86% | 0.36% | 0.42% | 0.29% | 0.45% | 0.38% | 0.44% |
SPY SPDR S&P 500 ETF | 1.19% | 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 -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 6.85% compared to SPDR S&P 500 ETF (SPY) at 3.81%. 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.