JNSTX vs. JAGTX

Last updated Aug 1, 2026

JNSTX (Janus Henderson Short Duration Flexible Bond Fund) and JAGTX (Janus Global Technology and Innovation Fund) are both mutual funds - JNSTX is a Short-Term Bond fund managed by Janus Henderson, while JAGTX is a Technology Equities fund actively managed by Janus Henderson. Over the past 10 years, JNSTX returned 2.16%/yr vs 23.21%/yr for JAGTX. Their 0.03 correlation means their historical movements had little consistent relationship. JNSTX charges 0.53%/yr vs 0.93%/yr for JAGTX.

Performance

JNSTX vs. JAGTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Janus Henderson Short Duration Flexible Bond Fund (JNSTX) and Janus Global Technology and Innovation Fund (JAGTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JNSTX achieves a 1.14% return, which is significantly lower than JAGTX's 18.23% return. Over the past 10 years, JNSTX has underperformed JAGTX with an annualized return of 2.16%, while JAGTX has yielded a comparatively higher 23.21% annualized 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%

JAGTX

• 1D: 6.75%
• 1M: -6.32%
• 6M: 15.67%
• YTD: 18.23%
• 1Y: 27.30%
• 3Y*: 32.90%
• 5Y*: 16.25%
• 10Y*: 23.21%
• ALL TIME*: 12.67%

*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)
JAGTX Janus Global Technology and Innovation Fund	$0.00	$0.00	$0.00
JNSTX Janus Henderson Short Duration Flexible Bond Fund	$0.00	$0.00	$0.00

JNSTX vs. JAGTX - 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%
JAGTX Janus Global Technology and Innovation Fund	18.23%	24.86%	47.04%	55.16%	-37.69%	17.39%	51.00%	45.08%	0.78%	44.62%

Correlation

The correlation between JNSTX and JAGTX is 0.07, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.07
Correlation (3Y) Balances recent behavior with more history.	0.03
Correlation (5Y) Shows whether the relationship held over a longer period.	0.09
Correlation (10Y) Provides a long-term view across more market conditions.	0.05
Correlation (All Time) Calculated using the full available price history since Dec 16, 2010	0.03

Return for Risk

JNSTX vs. JAGTX — Risk / Return Rank

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

JNSTX

JNSTX Risk / Return Rank: 82
JNSTX Sharpe Ratio Rank: 62
JNSTX Sortino Ratio Rank: 74
JNSTX Omega Ratio Rank: 94
JNSTX Calmar Ratio Rank: 86
JNSTX Martin Ratio Rank: 93

JAGTX

JAGTX Risk / Return Rank: 29
JAGTX Sharpe Ratio Rank: 28
JAGTX Sortino Ratio Rank: 28
JAGTX Omega Ratio Rank: 29
JAGTX Calmar Ratio Rank: 31
JAGTX Martin Ratio Rank: 31

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.

JNSTX vs. JAGTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Short Duration Flexible Bond Fund (JNSTX) and Janus Global Technology and Innovation Fund (JAGTX). 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	JAGTX	Difference
Sharpe ratio: Return per unit of total volatility	1.57	0.91	+0.67
Sortino ratio: Return per unit of downside risk	2.59	1.34	+1.25
Omega ratio: Gain probability vs. loss probability	1.55	1.17	+0.38
Calmar ratio: Return relative to maximum drawdown	3.10	1.32	+1.78
Martin ratio: Return relative to average drawdown	14.33	4.34	+9.99

JNSTX vs. JAGTX - Sharpe Ratio Comparison

The current JNSTX Sharpe Ratio is 1.57, which is higher than the JAGTX Sharpe Ratio of 0.91. The chart below compares the historical Sharpe Ratios of JNSTX and JAGTX, 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

JNSTX vs. JAGTX - Drawdown Comparison

The maximum JNSTX drawdown since its inception was -8.11%, smaller than the maximum JAGTX drawdown of -84.57%. Use the drawdown chart below to compare losses from any high point for JNSTX and JAGTX.

Drawdown Indicators

	JNSTX	JAGTX	Difference
Max Drawdown Largest peak-to-trough decline	-8.11%	-84.57%	+76.46%
Max Drawdown (1Y) Largest decline over 1 year	-1.37%	-18.54%	+17.17%
Max Drawdown (3Y) Largest decline over 3 years	-1.37%	-23.94%	+22.57%
Max Drawdown (5Y) Largest decline over 5 years	-8.01%	-46.52%	+38.51%
Max Drawdown (10Y) Largest decline over 10 years	-8.11%	-46.52%	+38.41%
Current Drawdown Current decline from peak	-0.35%	-13.05%	+12.70%
Average Drawdown Average peak-to-trough decline	-0.91%	-39.63%	+38.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.30%	5.61%	-5.31%

Volatility

JNSTX vs. JAGTX - Volatility Comparison

The current volatility for Janus Henderson Short Duration Flexible Bond Fund (JNSTX) is 0.61%, while Janus Global Technology and Innovation Fund (JAGTX) has a volatility of 12.44%. This indicates that JNSTX experiences smaller price fluctuations and is considered to be less risky than JAGTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JNSTX	JAGTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.61%	12.44%	-11.83%
Volatility (6M) Calculated over the trailing 6-month period	2.02%	23.70%	-21.68%
Volatility (1Y) Calculated over the trailing 1-year period	2.70%	26.96%	-24.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.22%	27.88%	-24.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.78%	25.30%	-22.52%

JNSTX vs. JAGTX - Expense Ratio Comparison

JNSTX has a 0.53% expense ratio, which is lower than JAGTX's 0.93% expense ratio.

Dividends

JNSTX vs. JAGTX - Dividend Comparison

JNSTX's dividend yield for the trailing twelve months is around 4.48%, less than JAGTX's 11.58% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JAGTX Janus Global Technology and Innovation Fund	11.58%	13.69%	23.66%	0.78%	0.00%	16.05%	9.00%	8.62%	6.56%	7.50%	4.85%	8.12%
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

Can I hold both JNSTX and JAGTX in my portfolio?

JNSTX and JAGTX have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JNSTX or JAGTX?

JAGTX has higher volatility (12.44%) compared to JNSTX (0.61%). In terms of maximum drawdown, JNSTX dropped -8.11% vs JAGTX's -84.57%.

Which has better risk-adjusted returns?

JNSTX currently has the higher Sharpe Ratio (1.57 vs 0.91), 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.