JNSGX vs. JNSMX
JNSGX (Janus Henderson Global Allocation Fund - Growth) and JNSMX (Janus Henderson Global Allocation Fund - Moderate) are both Global Allocation funds from Janus Henderson. Over the past 10 years, JNSGX returned 8.63%/yr vs 6.85%/yr for JNSMX. With a 0.99 correlation, they move nearly in lockstep. JNSGX charges 0.26%/yr vs 0.25%/yr for JNSMX.
Performance
JNSGX vs. JNSMX - Performance Comparison
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Returns By Period
In the year-to-date period, JNSGX achieves a 9.44% return, which is significantly higher than JNSMX's 7.31% return. Over the past 10 years, JNSGX has outperformed JNSMX with an annualized return of 8.63%, while JNSMX has yielded a comparatively lower 6.85% annualized return.
JNSGX
- 1D
- -0.69%
- 1M
- 3.89%
- YTD
- 9.44%
- 6M
- 10.07%
- 1Y
- 22.05%
- 3Y*
- 15.61%
- 5Y*
- 6.50%
- 10Y*
- 8.63%
JNSMX
- 1D
- -0.62%
- 1M
- 3.08%
- YTD
- 7.31%
- 6M
- 7.83%
- 1Y
- 17.75%
- 3Y*
- 12.83%
- 5Y*
- 4.67%
- 10Y*
- 6.85%
JNSGX vs. JNSMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JNSGX Janus Henderson Global Allocation Fund - Growth | 9.44% | 18.68% | 11.17% | 13.71% | -17.82% | 10.38% | 14.54% | 19.94% | -8.20% | 19.73% |
JNSMX Janus Henderson Global Allocation Fund - Moderate | 7.31% | 15.72% | 8.87% | 11.71% | -17.38% | 7.25% | 14.46% | 15.62% | -6.57% | 16.27% |
Correlation
The correlation between JNSGX and JNSMX is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2006 | 0.99 |
The correlation between JNSGX and JNSMX has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.
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Return for Risk
JNSGX vs. JNSMX — Risk / Return Rank
JNSGX
JNSMX
JNSGX vs. JNSMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Global Allocation Fund - Growth (JNSGX) and Janus Henderson Global Allocation Fund - Moderate (JNSMX). 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.
| JNSGX | JNSMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.40 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.68 | 2.61 | +0.06 |
| Martin ratioReturn relative to average drawdown | 11.74 | 11.41 | +0.34 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| JNSGX | JNSMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.08 | 2.09 | -0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 0.45 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.65 | 0.67 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.51 | -0.06 |
Drawdowns
JNSGX vs. JNSMX - Drawdown Comparison
The maximum JNSGX drawdown since its inception was -50.39%, which is greater than JNSMX's maximum drawdown of -39.85%. Use the drawdown chart below to compare losses from any high point for JNSGX and JNSMX.
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Drawdown Indicators
| JNSGX | JNSMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.39% | -39.85% | -10.54% |
Max Drawdown (1Y)Largest decline over 1 year | -8.48% | -7.00% | -1.48% |
Max Drawdown (3Y)Largest decline over 3 years | -13.70% | -10.60% | -3.10% |
Max Drawdown (5Y)Largest decline over 5 years | -26.30% | -25.15% | -1.15% |
Max Drawdown (10Y)Largest decline over 10 years | -29.47% | -25.15% | -4.32% |
Current DrawdownCurrent decline from peak | -0.69% | -0.62% | -0.07% |
Average DrawdownAverage peak-to-trough decline | -8.02% | -5.93% | -2.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.93% | 1.60% | +0.33% |
Volatility
JNSGX vs. JNSMX - Volatility Comparison
Janus Henderson Global Allocation Fund - Growth (JNSGX) has a higher volatility of 3.76% compared to Janus Henderson Global Allocation Fund - Moderate (JNSMX) at 3.22%. This indicates that JNSGX's price experiences larger fluctuations and is considered to be riskier than JNSMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JNSGX | JNSMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.76% | 3.22% | +0.54% |
Volatility (6M)Calculated over the trailing 6-month period | 8.98% | 7.28% | +1.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.90% | 8.74% | +2.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.04% | 10.46% | +2.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.23% | 10.19% | +3.04% |
JNSGX vs. JNSMX - Expense Ratio Comparison
JNSGX has a 0.26% expense ratio, which is higher than JNSMX's 0.25% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
JNSGX vs. JNSMX - Dividend Comparison
JNSGX's dividend yield for the trailing twelve months is around 6.11%, more than JNSMX's 5.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JNSGX Janus Henderson Global Allocation Fund - Growth | 6.11% | 6.68% | 9.20% | 1.46% | 4.67% | 16.70% | 4.75% | 7.16% | 5.35% | 6.43% | 2.55% | 10.31% |
JNSMX Janus Henderson Global Allocation Fund - Moderate | 5.50% | 5.90% | 4.28% | 1.53% | 2.96% | 13.36% | 4.49% | 5.72% | 4.86% | 7.24% | 1.87% | 9.16% |
Frequently Asked Questions
With a correlation of 0.99, JNSGX and JNSMX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
JNSGX has higher volatility (3.76%) compared to JNSMX (3.22%). In terms of maximum drawdown, JNSGX dropped -50.39% vs JNSMX's -39.85%.
JNSMX currently has the higher Sharpe Ratio (2.09 vs 2.08), 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.
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