MPBAX vs. JNSMX
MPBAX (Morgan Stanley Institutional Fund Trust Global Strategist Portfolio) and JNSMX (Janus Henderson Global Allocation Fund - Moderate) are both Global Allocation funds. Over the past 10 years, MPBAX returned 7.19%/yr vs 6.52%/yr for JNSMX. Their correlation of 0.95 means they have usually moved in the same direction. MPBAX charges 0.72%/yr vs 0.25%/yr for JNSMX.
Performance
MPBAX vs. JNSMX - Performance Comparison
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Returns By Period
In the year-to-date period, MPBAX achieves a 5.29% return, which is significantly lower than JNSMX's 5.97% return. Over the past 10 years, MPBAX has outperformed JNSMX with an annualized return of 7.19%, while JNSMX has yielded a comparatively lower 6.52% annualized return.
MPBAX
- 1D
- -0.05%
- 1M
- -0.24%
- 6M
- 2.50%
- YTD
- 5.29%
- 1Y
- 11.24%
- 3Y*
- 11.37%
- 5Y*
- 5.12%
- 10Y*
- 7.19%
- ALL TIME*
- 7.24%
JNSMX
- 1D
- -0.14%
- 1M
- -0.98%
- 6M
- 3.42%
- YTD
- 5.97%
- 1Y
- 11.86%
- 3Y*
- 11.15%
- 5Y*
- 4.28%
- 10Y*
- 6.52%
- ALL TIME*
- 5.48%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
MPBAX vs. JNSMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MPBAX Morgan Stanley Institutional Fund Trust Global Strategist Portfolio | 5.29% | 17.66% | 7.48% | 14.29% | -16.71% | 8.62% | 11.53% | 18.05% | -6.31% | 16.67% |
JNSMX Janus Henderson Global Allocation Fund - Moderate | 5.97% | 15.72% | 8.87% | 11.71% | -17.38% | 7.25% | 14.46% | 15.62% | -6.57% | 16.27% |
Correlation
The correlation between MPBAX and JNSMX is 0.94, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.94 |
Correlation (3Y) Balances recent behavior with more history. | 0.95 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.95 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.94 |
Correlation (All Time) Calculated using the full available price history since Dec 30, 2005 | 0.95 |
The correlation between MPBAX and JNSMX has been stable across timeframes, ranging from 0.94 to 0.95 - a consistent structural relationship.
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Return for Risk
MPBAX vs. JNSMX — Risk / Return Rank
MPBAX
JNSMX
MPBAX vs. JNSMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Institutional Fund Trust Global Strategist Portfolio (MPBAX) and Janus Henderson Global Allocation Fund - Moderate (JNSMX). 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.
| MPBAX | JNSMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.23 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.47 | 1.73 | -0.26 |
| Martin ratioReturn relative to average drawdown | 6.22 | 7.21 | -0.99 |
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Drawdowns
MPBAX vs. JNSMX - Drawdown Comparison
The maximum MPBAX drawdown since its inception was -39.46%, roughly equal to the maximum JNSMX drawdown of -39.85%. Use the drawdown chart below to compare losses from any high point for MPBAX and JNSMX.
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Drawdown Indicators
| MPBAX | JNSMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.46% | -39.85% | +0.39% |
Max Drawdown (1Y)Largest decline over 1 year | -7.65% | -7.00% | -0.65% |
Max Drawdown (3Y)Largest decline over 3 years | -8.52% | -10.60% | +2.08% |
Max Drawdown (5Y)Largest decline over 5 years | -25.16% | -25.15% | -0.01% |
Max Drawdown (10Y)Largest decline over 10 years | -26.45% | -25.15% | -1.30% |
Current DrawdownCurrent decline from peak | -2.29% | -2.20% | -0.09% |
Average DrawdownAverage peak-to-trough decline | -5.43% | -5.90% | +0.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.80% | 1.67% | +0.13% |
Volatility
MPBAX vs. JNSMX - Volatility Comparison
Morgan Stanley Institutional Fund Trust Global Strategist Portfolio (MPBAX) and Janus Henderson Global Allocation Fund - Moderate (JNSMX) have volatilities of 2.67% and 2.63%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MPBAX | JNSMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.67% | 2.63% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 7.80% | 8.29% | -0.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.00% | 9.61% | -0.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.14% | 10.60% | -0.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.59% | 10.20% | +0.39% |
MPBAX vs. JNSMX - Expense Ratio Comparison
MPBAX has a 0.72% expense ratio, which is higher than JNSMX's 0.25% expense ratio.
Dividends
MPBAX vs. JNSMX - Dividend Comparison
MPBAX's dividend yield for the trailing twelve months is around 6.43%, more than JNSMX's 5.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JNSMX Janus Henderson Global Allocation Fund - Moderate | 5.57% | 5.90% | 4.28% | 1.53% | 2.96% | 13.36% | 4.49% | 5.72% | 4.86% | 7.24% | 1.87% | 9.16% |
MPBAX Morgan Stanley Institutional Fund Trust Global Strategist Portfolio | 6.43% | 6.77% | 2.70% | 0.00% | 0.61% | 7.91% | 1.32% | 1.74% | 14.65% | 6.52% | 1.15% | 0.11% |
Frequently Asked Questions
With a correlation of 0.94, MPBAX and JNSMX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
MPBAX has higher volatility (2.67%) compared to JNSMX (2.63%). In terms of maximum drawdown, MPBAX dropped -39.46% vs JNSMX's -39.85%.
JNSMX currently has the higher Sharpe Ratio (1.26 vs 1.25), 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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