JXX vs. ILCG

Last updated Jul 11, 2026

JXX (Janus Henderson Transformational Growth ETF) and ILCG (iShares Morningstar Growth ETF) are both Large Cap Growth Equities funds. JXX is actively managed, while ILCG is passively managed. Over the past year, JXX returned 22.93% vs 19.92% for ILCG. Their correlation of 0.87 suggests significant overlap in exposure. JXX charges 0.57%/yr vs 0.04%/yr for ILCG.

Performance

JXX vs. ILCG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Janus Henderson Transformational Growth ETF (JXX) and iShares Morningstar Growth ETF (ILCG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JXX achieves a 14.21% return, which is significantly higher than ILCG's 12.20% return.

JXX

• 1D: -0.82%
• 1M: 3.56%
• 6M: 11.82%
• YTD: 14.21%
• 1Y: 22.93%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ILCG

• 1D: 0.40%
• 1M: 4.72%
• 6M: 10.64%
• YTD: 12.20%
• 1Y: 19.92%
• 3Y*: 24.09%
• 5Y*: 12.62%
• 10Y*: 17.74%

*Multi-year figures are annualized to reflect compound growth (CAGR)

JXX vs. ILCG - Yearly Performance Comparison

	2026 (YTD)	2025
JXX Janus Henderson Transformational Growth ETF	14.21%	11.61%
ILCG iShares Morningstar Growth ETF	12.20%	13.64%

Correlation

The correlation between JXX and ILCG is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.84
Correlation (All Time) Calculated using the full available price history since Feb 5, 2025	0.87

The correlation between JXX and ILCG has been stable across timeframes, ranging from 0.84 to 0.87 - a consistent structural relationship.

Return for Risk

JXX vs. ILCG — Risk / Return Rank

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

JXX

JXX Risk / Return Rank: 34
JXX Sharpe Ratio Rank: 36
JXX Sortino Ratio Rank: 35
JXX Omega Ratio Rank: 35
JXX Calmar Ratio Rank: 31
JXX Martin Ratio Rank: 33

ILCG

ILCG Risk / Return Rank: 35
ILCG Sharpe Ratio Rank: 38
ILCG Sortino Ratio Rank: 36
ILCG Omega Ratio Rank: 37
ILCG Calmar Ratio Rank: 31
ILCG Martin Ratio Rank: 35

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.

JXX vs. ILCG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Transformational Growth ETF (JXX) and iShares Morningstar Growth ETF (ILCG). 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.

	JXX	ILCG	Difference
Sharpe ratio: Return per unit of total volatility	1.06	1.11	-0.05
Sortino ratio: Return per unit of downside risk	1.55	1.57	-0.02
Omega ratio: Gain probability vs. loss probability	1.19	1.20	-0.01
Calmar ratio: Return relative to maximum drawdown	1.28	1.28	0.00
Martin ratio: Return relative to average drawdown	3.99	4.29	-0.31

JXX vs. ILCG - Sharpe Ratio Comparison

The current JXX Sharpe Ratio is 1.06, which is comparable to the ILCG Sharpe Ratio of 1.11. The chart below compares the historical Sharpe Ratios of JXX and ILCG, 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

JXX vs. ILCG - Drawdown Comparison

The maximum JXX drawdown since its inception was -23.73%, smaller than the maximum ILCG drawdown of -52.98%. Use the drawdown chart below to compare losses from any high point for JXX and ILCG.

Drawdown Indicators

	JXX	ILCG	Difference
Max Drawdown Largest peak-to-trough decline	-23.73%	-52.98%	+29.25%
Max Drawdown (1Y) Largest decline over 1 year	-18.02%	-15.65%	-2.37%
Max Drawdown (3Y) Largest decline over 3 years	—	-23.10%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-35.38%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-35.38%	—
Current Drawdown Current decline from peak	-4.86%	-3.00%	-1.86%
Average Drawdown Average peak-to-trough decline	-5.42%	-8.20%	+2.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.77%	4.65%	+1.12%

Volatility

JXX vs. ILCG - Volatility Comparison

Janus Henderson Transformational Growth ETF (JXX) has a higher volatility of 7.86% compared to iShares Morningstar Growth ETF (ILCG) at 7.43%. This indicates that JXX's price experiences larger fluctuations and is considered to be riskier than ILCG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JXX	ILCG	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.86%	7.43%	+0.43%
Volatility (6M) Calculated over the trailing 6-month period	17.45%	14.99%	+2.46%
Volatility (1Y) Calculated over the trailing 1-year period	21.69%	17.97%	+3.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.65%	22.27%	+2.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.65%	21.63%	+3.02%

JXX vs. ILCG - Expense Ratio Comparison

JXX has a 0.57% expense ratio, which is higher than ILCG's 0.04% expense ratio.

Dividends

JXX vs. ILCG - Dividend Comparison

JXX has not paid dividends to shareholders, while ILCG's dividend yield for the trailing twelve months is around 0.41%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ILCG iShares Morningstar Growth ETF	0.41%	0.47%	0.50%	0.69%	0.75%	0.34%	0.28%	0.54%	0.81%	0.89%	0.95%	0.99%
JXX Janus Henderson Transformational Growth ETF	0.00%	0.04%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JXX and ILCG in my portfolio?

JXX and ILCG have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JXX or ILCG?

JXX has higher volatility (7.86%) compared to ILCG (7.43%). In terms of maximum drawdown, JXX dropped -23.73% vs ILCG's -52.98%.

Which ETF is better, JXX or ILCG?

On 1-year performance, JXX leads with 22.93% vs 19.92% for ILCG. On fees, ILCG is cheaper at 0.04% per year. On volatility, ILCG has been the lower-risk option at 7.43%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JXX or ILCG?

Over the 1-year period, JXX has performed better with a 22.93% return vs 19.92%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JXX or ILCG?

ILCG is cheaper with a 0.04% expense ratio, compared with 0.57% for JXX.

Which ETF pays a higher dividend yield, JXX or ILCG?

ILCG has the higher dividend yield at 0.41%, compared with 0.00% for JXX.

What is the main difference between JXX and ILCG?

They also come from different issuers: Janus Henderson and iShares. Their fees differ too: 0.57% for JXX and 0.04% for ILCG.

Which has better risk-adjusted returns?

ILCG currently has the higher Sharpe Ratio (1.11 vs 1.06), 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.