JVASX vs. JANEX

Last updated Aug 1, 2026

JVASX (JPMorgan Value Advantage Fund) and JANEX (Janus Henderson Enterprise Fund) are both mutual funds - JVASX is a Large Cap Value Equities fund managed by JPMorgan, while JANEX is a Mid Cap Growth Equities fund managed by Janus Henderson. Over the past 10 years, JVASX returned 11.91%/yr vs 12.37%/yr for JANEX. Their correlation of 0.86 means they have usually moved in the same direction. Both charge a 0.79% expense ratio.

Performance

JVASX vs. JANEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Value Advantage Fund (JVASX) and Janus Henderson Enterprise Fund (JANEX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JVASX achieves a 13.90% return, which is significantly higher than JANEX's 7.83% return. Both investments have delivered pretty close results over the past 10 years, with JVASX having a 11.91% annualized return and JANEX not far ahead at 12.37%.

JVASX

• 1D: 0.12%
• 1M: 1.71%
• 6M: 10.84%
• YTD: 13.90%
• 1Y: 23.18%
• 3Y*: 18.22%
• 5Y*: 12.17%
• 10Y*: 11.91%
• ALL TIME*: 10.11%

JANEX

• 1D: 0.28%
• 1M: -0.93%
• 6M: 7.93%
• YTD: 7.83%
• 1Y: 12.57%
• 3Y*: 10.82%
• 5Y*: 6.55%
• 10Y*: 12.37%
• ALL TIME*: 9.87%

*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)
JANEX Janus Henderson Enterprise Fund	$0.00	$0.00	$0.00
JVASX JPMorgan Value Advantage Fund	$0.00	$0.00	$0.00

JVASX vs. JANEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JVASX JPMorgan Value Advantage Fund	13.90%	9.70%	27.34%	9.89%	-3.87%	28.48%	-1.79%	27.07%	-9.20%	13.96%
JANEX Janus Henderson Enterprise Fund	7.83%	7.64%	15.25%	17.99%	-16.03%	17.02%	20.38%	35.22%	-0.95%	26.36%

Correlation

The correlation between JVASX and JANEX is 0.76, 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.	0.76
Correlation (3Y) Balances recent behavior with more history.	0.80
Correlation (5Y) Shows whether the relationship held over a longer period.	0.83
Correlation (10Y) Provides a long-term view across more market conditions.	0.81
Correlation (All Time) Calculated using the full available price history since Feb 28, 2005	0.86

The correlation between JVASX and JANEX has been stable across timeframes, ranging from 0.76 to 0.86 - a consistent structural relationship.

Return for Risk

JVASX vs. JANEX — Risk / Return Rank

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

JVASX

JVASX Risk / Return Rank: 74
JVASX Sharpe Ratio Rank: 74
JVASX Sortino Ratio Rank: 74
JVASX Omega Ratio Rank: 71
JVASX Calmar Ratio Rank: 76
JVASX Martin Ratio Rank: 75

JANEX

JANEX Risk / Return Rank: 22
JANEX Sharpe Ratio Rank: 22
JANEX Sortino Ratio Rank: 23
JANEX Omega Ratio Rank: 21
JANEX Calmar Ratio Rank: 21
JANEX Martin Ratio Rank: 24

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.

JVASX vs. JANEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Value Advantage Fund (JVASX) and Janus Henderson Enterprise Fund (JANEX). 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.

	JVASX	JANEX	Difference
Sharpe ratio: Return per unit of total volatility	1.74	0.75	+0.99
Sortino ratio: Return per unit of downside risk	2.52	1.17	+1.35
Omega ratio: Gain probability vs. loss probability	1.31	1.14	+0.17
Calmar ratio: Return relative to maximum drawdown	2.46	0.94	+1.52
Martin ratio: Return relative to average drawdown	9.03	3.29	+5.74

JVASX vs. JANEX - Sharpe Ratio Comparison

The current JVASX Sharpe Ratio is 1.74, which is higher than the JANEX Sharpe Ratio of 0.75. The chart below compares the historical Sharpe Ratios of JVASX and JANEX, 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

JVASX vs. JANEX - Drawdown Comparison

The maximum JVASX drawdown since its inception was -57.87%, smaller than the maximum JANEX drawdown of -79.85%. Use the drawdown chart below to compare losses from any high point for JVASX and JANEX.

Drawdown Indicators

	JVASX	JANEX	Difference
Max Drawdown Largest peak-to-trough decline	-57.87%	-79.85%	+21.98%
Max Drawdown (1Y) Largest decline over 1 year	-8.04%	-11.40%	+3.36%
Max Drawdown (3Y) Largest decline over 3 years	-14.21%	-19.57%	+5.36%
Max Drawdown (5Y) Largest decline over 5 years	-17.50%	-24.24%	+6.74%
Max Drawdown (10Y) Largest decline over 10 years	-41.09%	-38.24%	-2.85%
Current Drawdown Current decline from peak	-0.88%	-1.33%	+0.45%
Average Drawdown Average peak-to-trough decline	-6.49%	-25.00%	+18.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.21%	3.26%	-1.05%

Volatility

JVASX vs. JANEX - Volatility Comparison

JPMorgan Value Advantage Fund (JVASX) has a higher volatility of 3.28% compared to Janus Henderson Enterprise Fund (JANEX) at 3.03%. This indicates that JVASX's price experiences larger fluctuations and is considered to be riskier than JANEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JVASX	JANEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.28%	3.03%	+0.25%
Volatility (6M) Calculated over the trailing 6-month period	8.20%	11.34%	-3.14%
Volatility (1Y) Calculated over the trailing 1-year period	11.41%	14.38%	-2.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.59%	17.73%	-2.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.34%	18.68%	-0.34%

JVASX vs. JANEX - Expense Ratio Comparison

Both JVASX and JANEX have an expense ratio of 0.79%.

Dividends

JVASX vs. JANEX - Dividend Comparison

JVASX's dividend yield for the trailing twelve months is around 11.15%, more than JANEX's 6.97% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JANEX Janus Henderson Enterprise Fund	6.97%	7.51%	7.00%	7.52%	10.51%	15.98%	8.46%	4.45%	6.38%	1.78%	1.64%	3.64%
JVASX JPMorgan Value Advantage Fund	11.15%	12.70%	19.48%	7.18%	10.52%	14.21%	3.13%	3.94%	7.38%	2.05%	1.23%	1.71%

Frequently Asked Questions

Can I hold both JVASX and JANEX in my portfolio?

JVASX and JANEX have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JVASX or JANEX?

JVASX has higher volatility (3.28%) compared to JANEX (3.03%). In terms of maximum drawdown, JVASX dropped -57.87% vs JANEX's -79.85%.

Which has better risk-adjusted returns?

JVASX currently has the higher Sharpe Ratio (1.74 vs 0.75), 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.