JNSGX vs. SCHX

Last updated Jun 4, 2026

JNSGX (Janus Henderson Global Allocation Fund - Growth) and SCHX (Schwab U.S. Large-Cap ETF) are both funds - JNSGX is a Global Allocation fund managed by Janus Henderson, while SCHX is a Large Cap Blend Equities fund tracking the Dow Jones U.S. Large-Cap Total Stock Market Index. Over the past 10 years, JNSGX returned 8.71%/yr vs 15.41%/yr for SCHX. Their correlation of 0.92 suggests significant overlap in exposure. JNSGX charges 0.26%/yr vs 0.03%/yr for SCHX.

Performance

JNSGX vs. SCHX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Janus Henderson Global Allocation Fund - Growth (JNSGX) and Schwab U.S. Large-Cap ETF (SCHX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JNSGX achieves a 10.20% return, which is significantly lower than SCHX's 10.72% return. Over the past 10 years, JNSGX has underperformed SCHX with an annualized return of 8.71%, while SCHX has yielded a comparatively higher 15.41% annualized return.

JNSGX

• 1D: 0.51%
• 1M: 5.51%
• YTD: 10.20%
• 6M: 11.06%
• 1Y: 23.44%
• 3Y*: 15.88%
• 5Y*: 6.75%
• 10Y*: 8.71%

SCHX

• 1D: -0.70%
• 1M: 5.06%
• YTD: 10.72%
• 6M: 10.60%
• 1Y: 27.36%
• 3Y*: 22.38%
• 5Y*: 13.29%
• 10Y*: 15.41%

*Multi-year figures are annualized to reflect compound growth (CAGR)

JNSGX vs. SCHX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JNSGX Janus Henderson Global Allocation Fund - Growth	10.20%	18.68%	11.17%	13.71%	-17.82%	10.38%	14.54%	19.94%	-8.20%	19.73%
SCHX Schwab U.S. Large-Cap ETF	10.72%	17.46%	24.88%	26.84%	-19.41%	26.81%	20.81%	31.22%	-4.66%	21.95%

Correlation

The correlation between JNSGX and SCHX is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (10Y) Calculated over the trailing 10-year period	0.91
Correlation (All Time) Calculated using the full available price history since Nov 4, 2009	0.92

The correlation between JNSGX and SCHX has been stable across timeframes, ranging from 0.90 to 0.93 - a consistent structural relationship.

Return for Risk

JNSGX vs. SCHX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JNSGX

JNSGX Risk / Return Rank: 57
JNSGX Sharpe Ratio Rank: 56
JNSGX Sortino Ratio Rank: 55
JNSGX Omega Ratio Rank: 55
JNSGX Calmar Ratio Rank: 54
JNSGX Martin Ratio Rank: 63

SCHX

SCHX Risk / Return Rank: 67
SCHX Sharpe Ratio Rank: 68
SCHX Sortino Ratio Rank: 66
SCHX Omega Ratio Rank: 67
SCHX Calmar Ratio Rank: 60
SCHX Martin Ratio Rank: 72

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

JNSGX vs. SCHX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Global Allocation Fund - Growth (JNSGX) and Schwab U.S. Large-Cap ETF (SCHX). 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	SCHX	Difference
Sharpe ratio Return per unit of total volatility	2.20	2.29	-0.10
Sortino ratio Return per unit of downside risk	3.13	3.14	0.00
Omega ratio Gain probability vs. loss probability	1.41	1.41	0.00
Calmar ratio Return relative to maximum drawdown	2.82	3.05	-0.22
Martin ratio Return relative to average drawdown	12.38	13.85	-1.47
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JNSGX vs. SCHX - Sharpe Ratio Comparison

The current JNSGX Sharpe Ratio is 2.20, which is comparable to the SCHX Sharpe Ratio of 2.29. The chart below compares the historical Sharpe Ratios of JNSGX and SCHX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	JNSGX	SCHX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.20	2.29	-0.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.52	0.78	-0.26
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.66	0.85	-0.19
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	0.85	-0.40

Drawdowns

JNSGX vs. SCHX - Drawdown Comparison

The maximum JNSGX drawdown since its inception was -50.39%, which is greater than SCHX's maximum drawdown of -34.33%. Use the drawdown chart below to compare losses from any high point for JNSGX and SCHX.

Drawdown Indicators

	JNSGX	SCHX	Difference
Max Drawdown Largest peak-to-trough decline	-50.39%	-34.33%	-16.06%
Max Drawdown (1Y) Largest decline over 1 year	-8.48%	-9.02%	+0.54%
Max Drawdown (3Y) Largest decline over 3 years	-13.70%	-19.04%	+5.34%
Max Drawdown (5Y) Largest decline over 5 years	-26.30%	-25.41%	-0.89%
Max Drawdown (10Y) Largest decline over 10 years	-29.47%	-34.33%	+4.86%
Current Drawdown Current decline from peak	0.00%	-0.70%	+0.70%
Average Drawdown Average peak-to-trough decline	-8.02%	-3.97%	-4.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.93%	1.98%	-0.05%

Volatility

JNSGX vs. SCHX - Volatility Comparison

Janus Henderson Global Allocation Fund - Growth (JNSGX) has a higher volatility of 3.68% compared to Schwab U.S. Large-Cap ETF (SCHX) at 2.91%. This indicates that JNSGX's price experiences larger fluctuations and is considered to be riskier than SCHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JNSGX	SCHX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.68%	2.91%	+0.77%
Volatility (6M) Calculated over the trailing 6-month period	8.96%	9.02%	-0.06%
Volatility (1Y) Calculated over the trailing 1-year period	10.88%	11.99%	-1.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.04%	17.12%	-4.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.23%	18.15%	-4.92%

JNSGX vs. SCHX - Expense Ratio Comparison

JNSGX has a 0.26% expense ratio, which is higher than SCHX's 0.03% 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. SCHX - Dividend Comparison

JNSGX's dividend yield for the trailing twelve months is around 6.06%, more than SCHX's 1.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JNSGX Janus Henderson Global Allocation Fund - Growth	6.06%	6.68%	9.20%	1.46%	4.67%	16.70%	4.75%	7.16%	5.35%	6.43%	2.55%	10.31%
SCHX Schwab U.S. Large-Cap ETF	1.01%	1.09%	1.22%	1.39%	1.64%	1.22%	1.64%	1.82%	2.02%	1.70%	1.92%	2.04%

Frequently Asked Questions

Can I hold both JNSGX and SCHX in my portfolio?

With a correlation of 0.93, JNSGX and SCHX 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.

Which is riskier, JNSGX or SCHX?

JNSGX has higher volatility (3.68%) compared to SCHX (2.91%). In terms of maximum drawdown, JNSGX dropped -50.39% vs SCHX's -34.33%.

Which has better risk-adjusted returns?

SCHX currently has the higher Sharpe Ratio (2.29 vs 2.20), 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.