JNSTX vs. DHEIX
JNSTX (Janus Henderson Short Duration Flexible Bond Fund) and DHEIX (Diamond Hill Short Duration Securitized Bond Fund Class I) are both Short-Term Bond funds. Over the past 5 years, JNSTX returned 2.06%/yr vs 4.62%/yr for DHEIX. Their 0.42 correlation means their historical movements had little consistent relationship. Both charge a 0.53% expense ratio.
Performance
JNSTX vs. DHEIX - Performance Comparison
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Returns By Period
In the year-to-date period, JNSTX achieves a 1.14% return, which is significantly lower than DHEIX's 2.50% return.
JNSTX
- 1D
- 0.00%
- 1M
- -0.35%
- 6M
- 0.77%
- YTD
- 1.14%
- 1Y
- 3.47%
- 3Y*
- 5.10%
- 5Y*
- 2.06%
- 10Y*
- 2.16%
- ALL TIME*
- 1.98%
DHEIX
- 1D
- 0.05%
- 1M
- 0.35%
- 6M
- 2.02%
- YTD
- 2.50%
- 1Y
- 4.48%
- 3Y*
- 7.52%
- 5Y*
- 4.62%
- 10Y*
- —
- ALL TIME*
- 4.28%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
JNSTX vs. DHEIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JNSTX Janus Henderson Short Duration Flexible Bond Fund | 1.14% | 5.89% | 5.27% | 4.67% | -5.44% | -0.09% | 4.81% | 4.09% | 0.90% | 1.28% |
DHEIX Diamond Hill Short Duration Securitized Bond Fund Class I | 2.50% | 6.06% | 9.33% | 8.91% | -3.38% | 2.74% | 3.09% | 4.85% | 3.18% | 4.23% |
Correlation
The correlation between JNSTX and DHEIX is 0.38, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.38 |
Correlation (3Y) Balances recent behavior with more history. | 0.47 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.53 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | 0.42 |
The correlation between JNSTX and DHEIX shifts across timeframes, from 0.38 (1 year) to 0.53 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
JNSTX vs. DHEIX — Risk / Return Rank
JNSTX
DHEIX
JNSTX vs. DHEIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Short Duration Flexible Bond Fund (JNSTX) and Diamond Hill Short Duration Securitized Bond Fund Class I (DHEIX). 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.
| JNSTX | DHEIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.03 | ||
| Sortino ratioReturn per unit of downside risk | -5.33 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 2.56 | -1.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.10 | 9.84 | -6.74 |
| Martin ratioReturn relative to average drawdown | 14.33 | 43.17 | -28.84 |
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Drawdowns
JNSTX vs. DHEIX - Drawdown Comparison
The maximum JNSTX drawdown since its inception was -8.11%, smaller than the maximum DHEIX drawdown of -12.33%. Use the drawdown chart below to compare losses from any high point for JNSTX and DHEIX.
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Drawdown Indicators
| JNSTX | DHEIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.11% | -12.33% | +4.22% |
Max Drawdown (1Y)Largest decline over 1 year | -1.37% | -0.50% | -0.87% |
Max Drawdown (3Y)Largest decline over 3 years | -1.37% | -0.50% | -0.87% |
Max Drawdown (5Y)Largest decline over 5 years | -8.01% | -4.87% | -3.14% |
Max Drawdown (10Y)Largest decline over 10 years | -8.11% | — | — |
Current DrawdownCurrent decline from peak | -0.35% | 0.00% | -0.35% |
Average DrawdownAverage peak-to-trough decline | -0.91% | -0.74% | -0.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.30% | 0.11% | +0.19% |
Volatility
JNSTX vs. DHEIX - Volatility Comparison
Janus Henderson Short Duration Flexible Bond Fund (JNSTX) has a higher volatility of 0.61% compared to Diamond Hill Short Duration Securitized Bond Fund Class I (DHEIX) at 0.28%. This indicates that JNSTX's price experiences larger fluctuations and is considered to be riskier than DHEIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JNSTX | DHEIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.61% | 0.28% | +0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 2.02% | 0.79% | +1.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.70% | 1.07% | +1.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.22% | 1.54% | +1.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.78% | 2.25% | +0.53% |
JNSTX vs. DHEIX - Expense Ratio Comparison
Both JNSTX and DHEIX have an expense ratio of 0.53%.
Dividends
JNSTX vs. DHEIX - Dividend Comparison
JNSTX's dividend yield for the trailing twelve months is around 4.48%, less than DHEIX's 5.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DHEIX Diamond Hill Short Duration Securitized Bond Fund Class I | 5.94% | 5.51% | 6.21% | 5.52% | 3.72% | 2.62% | 3.22% | 4.05% | 3.74% | 3.45% | 0.00% | 0.00% |
JNSTX Janus Henderson Short Duration Flexible Bond Fund | 4.48% | 4.65% | 4.76% | 3.12% | 1.92% | 1.55% | 2.05% | 2.33% | 2.24% | 1.61% | 1.24% | 1.30% |
Frequently Asked Questions
JNSTX and DHEIX have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JNSTX has higher volatility (0.61%) compared to DHEIX (0.28%). In terms of maximum drawdown, JNSTX dropped -8.11% vs DHEIX's -12.33%.
DHEIX currently has the higher Sharpe Ratio (4.60 vs 1.57), 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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