LMGNX vs. JNOSX

Last updated Jun 4, 2026

LMGNX (ClearBridge International Growth Fund Class I) and JNOSX (Janus Henderson Overseas Fund) are both mutual funds - LMGNX is a Large Cap Growth Equities fund managed by Franklin Templeton, while JNOSX is a Foreign Large Cap Equities fund managed by Janus Henderson. Over the past 10 years, LMGNX returned 10.15%/yr vs 12.00%/yr for JNOSX. A 0.76 correlation means they provide meaningful diversification when combined. LMGNX charges 0.78%/yr vs 0.95%/yr for JNOSX.

Performance

LMGNX vs. JNOSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ClearBridge International Growth Fund Class I (LMGNX) and Janus Henderson Overseas Fund (JNOSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LMGNX achieves a 6.45% return, which is significantly lower than JNOSX's 14.72% return. Over the past 10 years, LMGNX has underperformed JNOSX with an annualized return of 10.15%, while JNOSX has yielded a comparatively higher 12.00% annualized return.

LMGNX

• 1D: 0.65%
• 1M: 5.33%
• YTD: 6.45%
• 6M: 6.90%
• 1Y: 13.69%
• 3Y*: 13.42%
• 5Y*: 5.04%
• 10Y*: 10.15%

JNOSX

• 1D: 0.91%
• 1M: 8.41%
• YTD: 14.72%
• 6M: 17.47%
• 1Y: 30.27%
• 3Y*: 17.62%
• 5Y*: 9.46%
• 10Y*: 12.00%

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

LMGNX vs. JNOSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LMGNX ClearBridge International Growth Fund Class I	6.45%	23.05%	7.48%	14.30%	-21.16%	3.99%	24.92%	31.43%	-9.37%	36.41%
JNOSX Janus Henderson Overseas Fund	14.72%	28.76%	5.89%	10.94%	-8.71%	13.11%	16.71%	28.21%	-15.30%	31.33%

Correlation

The correlation between LMGNX and JNOSX is 0.79, 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	0.79
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (5Y) Calculated over the trailing 5-year period	0.85
Correlation (10Y) Calculated over the trailing 10-year period	0.84
Correlation (All Time) Calculated using the full available price history since Jan 7, 2002	0.76

The correlation between LMGNX and JNOSX has been stable across timeframes, ranging from 0.76 to 0.85 - a consistent structural relationship.

Return for Risk

LMGNX vs. JNOSX — Risk / Return Rank

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

LMGNX

LMGNX Risk / Return Rank: 10
LMGNX Sharpe Ratio Rank: 9
LMGNX Sortino Ratio Rank: 9
LMGNX Omega Ratio Rank: 9
LMGNX Calmar Ratio Rank: 10
LMGNX Martin Ratio Rank: 12

JNOSX

JNOSX Risk / Return Rank: 56
JNOSX Sharpe Ratio Rank: 57
JNOSX Sortino Ratio Rank: 57
JNOSX Omega Ratio Rank: 59
JNOSX Calmar Ratio Rank: 52
JNOSX Martin Ratio Rank: 56

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.

LMGNX vs. JNOSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ClearBridge International Growth Fund Class I (LMGNX) and Janus Henderson Overseas Fund (JNOSX). 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.

	LMGNX	JNOSX	Difference
Sharpe ratio Return per unit of total volatility	0.74	2.23	-1.50
Sortino ratio Return per unit of downside risk	1.14	3.19	-2.05
Omega ratio Gain probability vs. loss probability	1.14	1.43	-0.29
Calmar ratio Return relative to maximum drawdown	0.95	2.75	-1.80
Martin ratio Return relative to average drawdown	3.47	11.23	-7.76
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LMGNX vs. JNOSX - Sharpe Ratio Comparison

The current LMGNX Sharpe Ratio is 0.74, which is lower than the JNOSX Sharpe Ratio of 2.23. The chart below compares the historical Sharpe Ratios of LMGNX and JNOSX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	LMGNX	JNOSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.74	2.23	-1.50
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.29	0.60	-0.31
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.59	0.70	-0.11
Sharpe Ratio (All Time) Calculated using the full available price history	0.32	0.36	-0.04

Drawdowns

LMGNX vs. JNOSX - Drawdown Comparison

The maximum LMGNX drawdown since its inception was -71.13%, roughly equal to the maximum JNOSX drawdown of -72.45%. Use the drawdown chart below to compare losses from any high point for LMGNX and JNOSX.

Drawdown Indicators

	LMGNX	JNOSX	Difference
Max Drawdown Largest peak-to-trough decline	-71.13%	-72.45%	+1.32%
Max Drawdown (1Y) Largest decline over 1 year	-13.62%	-10.88%	-2.74%
Max Drawdown (3Y) Largest decline over 3 years	-14.43%	-16.01%	+1.58%
Max Drawdown (5Y) Largest decline over 5 years	-34.96%	-25.89%	-9.07%
Max Drawdown (10Y) Largest decline over 10 years	-34.96%	-36.68%	+1.72%
Current Drawdown Current decline from peak	-0.64%	0.00%	-0.64%
Average Drawdown Average peak-to-trough decline	-15.47%	-26.96%	+11.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.74%	2.66%	+1.08%

Volatility

LMGNX vs. JNOSX - Volatility Comparison

ClearBridge International Growth Fund Class I (LMGNX) has a higher volatility of 6.35% compared to Janus Henderson Overseas Fund (JNOSX) at 5.00%. This indicates that LMGNX's price experiences larger fluctuations and is considered to be riskier than JNOSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LMGNX	JNOSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.35%	5.00%	+1.35%
Volatility (6M) Calculated over the trailing 6-month period	14.84%	11.46%	+3.38%
Volatility (1Y) Calculated over the trailing 1-year period	17.67%	13.42%	+4.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.72%	15.94%	+1.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.37%	17.20%	+0.17%

LMGNX vs. JNOSX - Expense Ratio Comparison

LMGNX has a 0.78% expense ratio, which is lower than JNOSX's 0.95% expense ratio.

Dividends

LMGNX vs. JNOSX - Dividend Comparison

LMGNX's dividend yield for the trailing twelve months is around 6.88%, more than JNOSX's 1.12% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JNOSX Janus Henderson Overseas Fund	1.12%	1.29%	1.65%	1.39%	1.59%	1.04%	0.88%	2.77%	1.15%	1.86%	1.32%	4.63%
LMGNX ClearBridge International Growth Fund Class I	6.88%	7.33%	1.38%	1.28%	0.81%	2.28%	0.16%	0.31%	0.24%	0.21%	0.56%	0.00%

Frequently Asked Questions

Can I hold both LMGNX and JNOSX in my portfolio?

LMGNX and JNOSX have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LMGNX or JNOSX?

LMGNX has higher volatility (6.35%) compared to JNOSX (5.00%). In terms of maximum drawdown, LMGNX dropped -71.13% vs JNOSX's -72.45%.

Which has better risk-adjusted returns?

JNOSX currently has the higher Sharpe Ratio (2.23 vs 0.74), 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.