JORNX vs. OBEGX

Last updated Jul 25, 2026

JORNX (Janus Henderson Global Select Fund Class T) and OBEGX (Oberweis Global Opportunities Fund) are both Global Equities funds. Over the past 10 years, JORNX returned 12.83%/yr vs 11.22%/yr for OBEGX. Their correlation of 0.81 suggests significant overlap in exposure. JORNX charges 0.93%/yr vs 1.51%/yr for OBEGX.

Performance

JORNX vs. OBEGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Janus Henderson Global Select Fund Class T (JORNX) and Oberweis Global Opportunities Fund (OBEGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JORNX achieves a 7.68% return, which is significantly lower than OBEGX's 23.70% return. Over the past 10 years, JORNX has outperformed OBEGX with an annualized return of 12.83%, while OBEGX has yielded a comparatively lower 11.22% annualized return.

JORNX

• 1D: -0.43%
• 1M: 0.14%
• 6M: 3.06%
• YTD: 7.68%
• 1Y: 13.39%
• 3Y*: 16.78%
• 5Y*: 10.25%
• 10Y*: 12.83%
• ALL TIME*: 5.96%

OBEGX

• 1D: -0.54%
• 1M: -2.65%
• 6M: 21.00%
• YTD: 23.70%
• 1Y: 33.66%
• 3Y*: 16.42%
• 5Y*: 5.37%
• 10Y*: 11.22%
• ALL TIME*: 6.16%

*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)
JORNX Janus Henderson Global Select Fund Class T	$0.00	$0.00	$0.00
OBEGX Oberweis Global Opportunities Fund	$0.00	$0.00	$0.00

JORNX vs. OBEGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JORNX Janus Henderson Global Select Fund Class T	7.68%	19.35%	17.10%	17.36%	-10.02%	15.82%	16.05%	27.34%	-9.86%	31.06%
OBEGX Oberweis Global Opportunities Fund	23.70%	19.32%	10.72%	6.40%	-26.76%	20.80%	55.68%	25.67%	-25.62%	33.35%

Correlation

The correlation between JORNX and OBEGX is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.70
Correlation (3Y) Calculated over the trailing 3-year period	0.77
Correlation (5Y) Calculated over the trailing 5-year period	0.81
Correlation (10Y) Calculated over the trailing 10-year period	0.79
Correlation (All Time) Calculated using the full available price history since Jun 30, 2000	0.81

The correlation between JORNX and OBEGX shifts across timeframes, from 0.70 (1 year) to 0.81 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

JORNX vs. OBEGX — Risk / Return Rank

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

JORNX

JORNX Risk / Return Rank: 33
JORNX Sharpe Ratio Rank: 31
JORNX Sortino Ratio Rank: 31
JORNX Omega Ratio Rank: 32
JORNX Calmar Ratio Rank: 32
JORNX Martin Ratio Rank: 40

OBEGX

OBEGX Risk / Return Rank: 65
OBEGX Sharpe Ratio Rank: 58
OBEGX Sortino Ratio Rank: 55
OBEGX Omega Ratio Rank: 50
OBEGX Calmar Ratio Rank: 84
OBEGX Martin Ratio Rank: 75

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.

JORNX vs. OBEGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Global Select Fund Class T (JORNX) and Oberweis Global Opportunities Fund (OBEGX). 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.

	JORNX	OBEGX	Difference
Sharpe ratio: Return per unit of total volatility	1.01	1.51	-0.50
Sortino ratio: Return per unit of downside risk	1.47	2.11	-0.64
Omega ratio: Gain probability vs. loss probability	1.19	1.26	-0.07
Calmar ratio: Return relative to maximum drawdown	1.38	2.98	-1.61
Martin ratio: Return relative to average drawdown	5.78	9.70	-3.92

JORNX vs. OBEGX - Sharpe Ratio Comparison

The current JORNX Sharpe Ratio is 1.01, which is lower than the OBEGX Sharpe Ratio of 1.51. The chart below compares the historical Sharpe Ratios of JORNX and OBEGX, 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

JORNX vs. OBEGX - Drawdown Comparison

The maximum JORNX drawdown since its inception was -63.94%, smaller than the maximum OBEGX drawdown of -83.07%. Use the drawdown chart below to compare losses from any high point for JORNX and OBEGX.

Drawdown Indicators

	JORNX	OBEGX	Difference
Max Drawdown Largest peak-to-trough decline	-63.94%	-83.07%	+19.13%
Max Drawdown (1Y) Largest decline over 1 year	-9.64%	-11.24%	+1.60%
Max Drawdown (3Y) Largest decline over 3 years	-19.61%	-25.41%	+5.80%
Max Drawdown (5Y) Largest decline over 5 years	-23.54%	-39.68%	+16.14%
Max Drawdown (10Y) Largest decline over 10 years	-39.15%	-41.54%	+2.39%
Current Drawdown Current decline from peak	-2.56%	-5.95%	+3.39%
Average Drawdown Average peak-to-trough decline	-17.44%	-33.61%	+16.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.30%	3.45%	-1.15%

Volatility

JORNX vs. OBEGX - Volatility Comparison

The current volatility for Janus Henderson Global Select Fund Class T (JORNX) is 4.17%, while Oberweis Global Opportunities Fund (OBEGX) has a volatility of 6.46%. This indicates that JORNX experiences smaller price fluctuations and is considered to be less risky than OBEGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JORNX	OBEGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.17%	6.46%	-2.29%
Volatility (6M) Calculated over the trailing 6-month period	11.35%	18.25%	-6.90%
Volatility (1Y) Calculated over the trailing 1-year period	13.18%	22.22%	-9.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.31%	23.46%	-7.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.89%	22.68%	-4.79%

JORNX vs. OBEGX - Expense Ratio Comparison

JORNX has a 0.93% expense ratio, which is lower than OBEGX's 1.51% expense ratio.

Dividends

JORNX vs. OBEGX - Dividend Comparison

JORNX's dividend yield for the trailing twelve months is around 9.85%, less than OBEGX's 10.23% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JORNX Janus Henderson Global Select Fund Class T	9.85%	10.60%	10.29%	8.53%	2.69%	12.92%	5.06%	4.28%	16.93%	0.82%	1.08%	1.02%
OBEGX Oberweis Global Opportunities Fund	10.23%	12.66%	0.00%	0.00%	2.64%	25.09%	5.80%	0.00%	6.68%	13.37%	1.12%	14.32%

Frequently Asked Questions

Can I hold both JORNX and OBEGX in my portfolio?

JORNX and OBEGX have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JORNX or OBEGX?

OBEGX has higher volatility (6.46%) compared to JORNX (4.17%). In terms of maximum drawdown, JORNX dropped -63.94% vs OBEGX's -83.07%.

Which has better risk-adjusted returns?

OBEGX currently has the higher Sharpe Ratio (1.51 vs 1.01), 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.