JNSMX vs. CIBFX

Last updated Aug 1, 2026

JNSMX (Janus Henderson Global Allocation Fund - Moderate) and CIBFX (American Funds Capital Income Builder Fund Class F-1) are both Global Allocation funds. Over the past 10 years, JNSMX returned 6.48%/yr vs 7.87%/yr for CIBFX. Their correlation of 0.89 means they have usually moved in the same direction. JNSMX charges 0.25%/yr vs 0.64%/yr for CIBFX.

Performance

JNSMX vs. CIBFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Janus Henderson Global Allocation Fund - Moderate (JNSMX) and American Funds Capital Income Builder Fund Class F-1 (CIBFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JNSMX achieves a 6.42% return, which is significantly lower than CIBFX's 10.34% return. Over the past 10 years, JNSMX has underperformed CIBFX with an annualized return of 6.48%, while CIBFX has yielded a comparatively higher 7.87% annualized return.

JNSMX

• 1D: 1.42%
• 1M: -1.04%
• 6M: 4.16%
• YTD: 6.42%
• 1Y: 13.95%
• 3Y*: 11.24%
• 5Y*: 4.38%
• 10Y*: 6.48%
• ALL TIME*: 5.49%

CIBFX

• 1D: 0.74%
• 1M: 1.59%
• 6M: 6.90%
• YTD: 10.34%
• 1Y: 18.75%
• 3Y*: 14.65%
• 5Y*: 9.09%
• 10Y*: 7.87%
• ALL TIME*: 7.49%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CIBFX American Funds Capital Income Builder Fund Class F-1	$0.00	$0.00	$0.00
JNSMX Janus Henderson Global Allocation Fund - Moderate	$0.00	$0.00	$0.00

JNSMX vs. CIBFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JNSMX Janus Henderson Global Allocation Fund - Moderate	6.42%	15.72%	8.87%	11.71%	-17.38%	7.25%	14.46%	15.62%	-6.57%	16.27%
CIBFX American Funds Capital Income Builder Fund Class F-1	10.34%	20.29%	10.16%	8.90%	-7.21%	14.95%	3.14%	17.16%	-7.10%	13.88%

Correlation

The correlation between JNSMX and CIBFX is 0.80, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.80
Correlation (3Y) Balances recent behavior with more history.	0.86
Correlation (5Y) Shows whether the relationship held over a longer period.	0.88
Correlation (10Y) Provides a long-term view across more market conditions.	0.89
Correlation (All Time) Calculated using the full available price history since Dec 30, 2005	0.89

The correlation between JNSMX and CIBFX has been stable across timeframes, ranging from 0.80 to 0.89 - a consistent structural relationship.

Return for Risk

JNSMX vs. CIBFX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

JNSMX

JNSMX Risk / Return Rank: 53
JNSMX Sharpe Ratio Rank: 51
JNSMX Sortino Ratio Rank: 51
JNSMX Omega Ratio Rank: 51
JNSMX Calmar Ratio Rank: 51
JNSMX Martin Ratio Rank: 60

CIBFX

CIBFX Risk / Return Rank: 85
CIBFX Sharpe Ratio Rank: 87
CIBFX Sortino Ratio Rank: 85
CIBFX Omega Ratio Rank: 84
CIBFX Calmar Ratio Rank: 82
CIBFX Martin Ratio Rank: 85

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

JNSMX vs. CIBFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Global Allocation Fund - Moderate (JNSMX) and American Funds Capital Income Builder Fund Class F-1 (CIBFX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	JNSMX	CIBFX	Difference
Sharpe ratio: Return per unit of total volatility	1.35	2.15	-0.80
Sortino ratio: Return per unit of downside risk	1.95	3.08	-1.13
Omega ratio: Gain probability vs. loss probability	1.25	1.40	-0.15
Calmar ratio: Return relative to maximum drawdown	1.88	2.71	-0.84
Martin ratio: Return relative to average drawdown	7.75	10.86	-3.11

JNSMX vs. CIBFX - Sharpe Ratio Comparison

The current JNSMX Sharpe Ratio is 1.35, which is lower than the CIBFX Sharpe Ratio of 2.15. The chart below compares the historical Sharpe Ratios of JNSMX and CIBFX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

JNSMX vs. CIBFX - Drawdown Comparison

The maximum JNSMX drawdown since its inception was -39.85%, smaller than the maximum CIBFX drawdown of -43.26%. Use the drawdown chart below to compare losses from any high point for JNSMX and CIBFX.

Drawdown Indicators

	JNSMX	CIBFX	Difference
Max Drawdown Largest peak-to-trough decline	-39.85%	-43.26%	+3.41%
Max Drawdown (1Y) Largest decline over 1 year	-7.00%	-6.49%	-0.51%
Max Drawdown (3Y) Largest decline over 3 years	-10.60%	-8.89%	-1.71%
Max Drawdown (5Y) Largest decline over 5 years	-25.15%	-17.68%	-7.47%
Max Drawdown (10Y) Largest decline over 10 years	-25.15%	-25.28%	+0.13%
Current Drawdown Current decline from peak	-1.79%	0.00%	-1.79%
Average Drawdown Average peak-to-trough decline	-5.90%	-4.69%	-1.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.69%	1.62%	+0.07%

Volatility

JNSMX vs. CIBFX - Volatility Comparison

Janus Henderson Global Allocation Fund - Moderate (JNSMX) has a higher volatility of 2.97% compared to American Funds Capital Income Builder Fund Class F-1 (CIBFX) at 1.96%. This indicates that JNSMX's price experiences larger fluctuations and is considered to be riskier than CIBFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JNSMX	CIBFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.97%	1.96%	+1.01%
Volatility (6M) Calculated over the trailing 6-month period	8.45%	6.56%	+1.89%
Volatility (1Y) Calculated over the trailing 1-year period	9.76%	8.21%	+1.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.62%	9.98%	+0.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.22%	10.77%	-0.55%

JNSMX vs. CIBFX - Expense Ratio Comparison

JNSMX has a 0.25% expense ratio, which is lower than CIBFX's 0.64% expense ratio.

Dividends

JNSMX vs. CIBFX - Dividend Comparison

JNSMX's dividend yield for the trailing twelve months is around 5.55%, less than CIBFX's 7.04% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CIBFX American Funds Capital Income Builder Fund Class F-1	7.04%	7.65%	5.69%	3.41%	3.37%	3.08%	3.34%	4.04%	3.72%	4.37%	3.46%	3.56%
JNSMX Janus Henderson Global Allocation Fund - Moderate	5.55%	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

Can I hold both JNSMX and CIBFX in my portfolio?

JNSMX and CIBFX have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JNSMX or CIBFX?

JNSMX has higher volatility (2.97%) compared to CIBFX (1.96%). In terms of maximum drawdown, JNSMX dropped -39.85% vs CIBFX's -43.26%.

Which has better risk-adjusted returns?

CIBFX currently has the higher Sharpe Ratio (2.15 vs 1.35), 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.