JRSIX vs. BDJ
JRSIX (Janus Henderson Adaptive Risk Managed U.S. Equity Fund) and BDJ (BlackRock Enhanced Equity Dividend Trust) are both mutual funds - JRSIX is a Large Cap Blend Equities fund managed by BlackRock, while BDJ is a Derivative Income fund actively managed by BlackRock. Over the past 10 years, JRSIX returned 11.09%/yr vs 10.64%/yr for BDJ. Their 0.64 correlation means they have sometimes moved together and sometimes differently. JRSIX charges 0.67%/yr vs 0.89%/yr for BDJ.
Performance
JRSIX vs. BDJ - Performance Comparison
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Returns By Period
In the year-to-date period, JRSIX achieves a 5.66% return, which is significantly lower than BDJ's 8.08% return. Both investments have delivered pretty close results over the past 10 years, with JRSIX having a 11.09% annualized return and BDJ not far behind at 10.64%.
JRSIX
- 1D
- 1.26%
- 1M
- -0.31%
- 6M
- 3.87%
- YTD
- 5.66%
- 1Y
- 14.33%
- 3Y*
- 15.69%
- 5Y*
- 9.59%
- 10Y*
- 11.09%
- ALL TIME*
- 9.12%
BDJ
- 1D
- 0.93%
- 1M
- 2.00%
- 6M
- 5.93%
- YTD
- 8.08%
- 1Y
- 23.35%
- 3Y*
- 15.58%
- 5Y*
- 8.67%
- 10Y*
- 10.64%
- ALL TIME*
- 6.88%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $4.00M | $4.36M | $4.87M | |
| $0.00 | $0.00 | $0.00 |
JRSIX vs. BDJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JRSIX Janus Henderson Adaptive Risk Managed U.S. Equity Fund | 5.66% | 13.42% | 26.89% | 15.37% | -14.15% | 19.83% | 12.78% | 23.51% | -3.68% | 20.55% |
BDJ BlackRock Enhanced Equity Dividend Trust | 8.08% | 26.12% | 16.87% | -6.67% | 0.83% | 26.56% | -7.58% | 37.43% | -10.42% | 20.78% |
Correlation
The correlation between JRSIX and BDJ is 0.69, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.69 |
Correlation (3Y) Balances recent behavior with more history. | 0.65 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.69 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.63 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2006 | 0.64 |
The correlation between JRSIX and BDJ has been stable across timeframes, ranging from 0.63 to 0.69 - a consistent structural relationship.
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Return for Risk
JRSIX vs. BDJ — Risk / Return Rank
JRSIX
BDJ
JRSIX vs. BDJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Adaptive Risk Managed U.S. Equity Fund (JRSIX) and BlackRock Enhanced Equity Dividend Trust (BDJ). 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.
| JRSIX | BDJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.79 | ||
| Sortino ratioReturn per unit of downside risk | -1.10 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.31 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.25 | 1.76 | -0.51 |
| Martin ratioReturn relative to average drawdown | 5.33 | 6.46 | -1.13 |
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Drawdowns
JRSIX vs. BDJ - Drawdown Comparison
The maximum JRSIX drawdown since its inception was -56.71%, roughly equal to the maximum BDJ drawdown of -59.46%. Use the drawdown chart below to compare losses from any high point for JRSIX and BDJ.
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Drawdown Indicators
| JRSIX | BDJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.71% | -59.46% | +2.75% |
Max Drawdown (1Y)Largest decline over 1 year | -9.82% | -12.28% | +2.46% |
Max Drawdown (3Y)Largest decline over 3 years | -18.20% | -14.37% | -3.83% |
Max Drawdown (5Y)Largest decline over 5 years | -22.60% | -21.39% | -1.21% |
Max Drawdown (10Y)Largest decline over 10 years | -37.24% | -48.14% | +10.90% |
Current DrawdownCurrent decline from peak | -2.86% | 0.00% | -2.86% |
Average DrawdownAverage peak-to-trough decline | -7.52% | -8.90% | +1.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.31% | 3.35% | -1.04% |
Volatility
JRSIX vs. BDJ - Volatility Comparison
Janus Henderson Adaptive Risk Managed U.S. Equity Fund (JRSIX) has a higher volatility of 3.33% compared to BlackRock Enhanced Equity Dividend Trust (BDJ) at 3.15%. This indicates that JRSIX's price experiences larger fluctuations and is considered to be riskier than BDJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JRSIX | BDJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.33% | 3.15% | +0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 10.19% | 9.49% | +0.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.63% | 12.25% | +0.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.63% | 16.02% | -0.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.24% | 18.40% | -1.16% |
JRSIX vs. BDJ - Expense Ratio Comparison
JRSIX has a 0.67% expense ratio, which is lower than BDJ's 0.89% expense ratio.
Dividends
JRSIX vs. BDJ - Dividend Comparison
JRSIX's dividend yield for the trailing twelve months is around 9.54%, more than BDJ's 8.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BDJ BlackRock Enhanced Equity Dividend Trust | 8.75% | 9.03% | 8.21% | 9.49% | 12.18% | 5.95% | 7.08% | 6.66% | 7.21% | 6.07% | 6.88% | 7.36% |
JRSIX Janus Henderson Adaptive Risk Managed U.S. Equity Fund | 9.54% | 10.08% | 6.63% | 3.76% | 2.56% | 29.82% | 12.97% | 3.25% | 8.38% | 6.00% | 1.48% | 15.40% |
Frequently Asked Questions
JRSIX and BDJ have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JRSIX has higher volatility (3.33%) compared to BDJ (3.15%). In terms of maximum drawdown, JRSIX dropped -56.71% vs BDJ's -59.46%.
BDJ currently has the higher Sharpe Ratio (1.77 vs 0.97), 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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