NXG vs. HFQTX

Last updated Jun 25, 2026

NXG (NXG NextGen Infrastructure Income Fund) and HFQTX (Janus Henderson Global Equity Income Fund Class T) are both Global Equity Income funds. NXG is actively managed, while HFQTX is passively managed. Over the past 3 years, NXG returned 35.33%/yr vs 18.30%/yr for HFQTX. At a 0.35 correlation, their price movements are largely independent. NXG charges 1.00%/yr vs 0.95%/yr for HFQTX.

Performance

NXG vs. HFQTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NXG NextGen Infrastructure Income Fund (NXG) and Janus Henderson Global Equity Income Fund Class T (HFQTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NXG achieves a 23.39% return, which is significantly higher than HFQTX's 12.20% return.

NXG

• 1D: 0.31%
• 1M: 2.82%
• YTD: 23.39%
• 6M: 23.88%
• 1Y: 35.78%
• 3Y*: 35.33%
• 5Y*: —
• 10Y*: —

HFQTX

• 1D: -1.11%
• 1M: 1.26%
• YTD: 12.20%
• 6M: 12.51%
• 1Y: 24.39%
• 3Y*: 18.30%
• 5Y*: 10.78%
• 10Y*: —

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

NXG vs. HFQTX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
NXG NXG NextGen Infrastructure Income Fund	23.39%	25.98%	51.16%	4.54%	-4.87%
HFQTX Janus Henderson Global Equity Income Fund Class T	12.20%	29.80%	7.08%	10.40%	7.61%

Correlation

The correlation between NXG and HFQTX is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.19
Correlation (3Y) Calculated over the trailing 3-year period	0.28
Correlation (All Time) Calculated using the full available price history since Nov 1, 2022	0.35

The correlation between NXG and HFQTX shifts across timeframes, from 0.19 (1 year) to 0.35 (all time), reflecting how their relationship changes across market environments.

Return for Risk

NXG vs. HFQTX — Risk / Return Rank

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

NXG

NXG Risk / Return Rank: 45
NXG Sharpe Ratio Rank: 47
NXG Sortino Ratio Rank: 41
NXG Omega Ratio Rank: 44
NXG Calmar Ratio Rank: 57
NXG Martin Ratio Rank: 36

HFQTX

HFQTX Risk / Return Rank: 63
HFQTX Sharpe Ratio Rank: 72
HFQTX Sortino Ratio Rank: 66
HFQTX Omega Ratio Rank: 72
HFQTX Calmar Ratio Rank: 55
HFQTX Martin Ratio Rank: 50

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.

NXG vs. HFQTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NXG NextGen Infrastructure Income Fund (NXG) and Janus Henderson Global Equity Income Fund Class T (HFQTX). 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.

	NXG	HFQTX	Difference
Sharpe ratio: Return per unit of total volatility	1.85	2.19	-0.34
Sortino ratio: Return per unit of downside risk	2.46	2.96	-0.51
Omega ratio: Gain probability vs. loss probability	1.33	1.42	-0.09
Calmar ratio: Return relative to maximum drawdown	2.73	2.59	+0.14
Martin ratio: Return relative to average drawdown	7.42	9.23	-1.81

NXG vs. HFQTX - Sharpe Ratio Comparison

The current NXG Sharpe Ratio is 1.85, which is comparable to the HFQTX Sharpe Ratio of 2.19. The chart below compares the historical Sharpe Ratios of NXG and HFQTX, 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

NXG vs. HFQTX - Drawdown Comparison

The maximum NXG drawdown since its inception was -26.14%, smaller than the maximum HFQTX drawdown of -34.53%. Use the drawdown chart below to compare losses from any high point for NXG and HFQTX.

Drawdown Indicators

	NXG	HFQTX	Difference
Max Drawdown Largest peak-to-trough decline	-26.14%	-34.53%	+8.39%
Max Drawdown (1Y) Largest decline over 1 year	-13.19%	-10.02%	-3.17%
Max Drawdown (3Y) Largest decline over 3 years	-26.14%	-12.18%	-13.96%
Max Drawdown (5Y) Largest decline over 5 years	—	-21.72%	—
Current Drawdown Current decline from peak	-1.73%	-1.71%	-0.02%
Average Drawdown Average peak-to-trough decline	-6.53%	-5.74%	-0.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.84%	2.81%	+2.03%

Volatility

NXG vs. HFQTX - Volatility Comparison

NXG NextGen Infrastructure Income Fund (NXG) has a higher volatility of 4.78% compared to Janus Henderson Global Equity Income Fund Class T (HFQTX) at 3.88%. This indicates that NXG's price experiences larger fluctuations and is considered to be riskier than HFQTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NXG	HFQTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.78%	3.88%	+0.90%
Volatility (6M) Calculated over the trailing 6-month period	13.93%	10.04%	+3.89%
Volatility (1Y) Calculated over the trailing 1-year period	19.44%	11.84%	+7.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.75%	13.04%	+13.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.75%	14.88%	+11.87%

NXG vs. HFQTX - Expense Ratio Comparison

NXG has a 1.00% expense ratio, which is higher than HFQTX's 0.95% expense ratio.

Dividends

NXG vs. HFQTX - Dividend Comparison

NXG's dividend yield for the trailing twelve months is around 11.15%, more than HFQTX's 6.12% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
HFQTX Janus Henderson Global Equity Income Fund Class T	6.12%	6.80%	8.18%	8.08%	8.26%	7.10%	7.47%	6.99%	7.85%	5.06%
NXG NXG NextGen Infrastructure Income Fund	11.15%	12.83%	14.15%	12.00%	1.11%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NXG and HFQTX in my portfolio?

NXG and HFQTX have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NXG or HFQTX?

NXG has higher volatility (4.78%) compared to HFQTX (3.88%). In terms of maximum drawdown, NXG dropped -26.14% vs HFQTX's -34.53%.

Which has better risk-adjusted returns?

HFQTX currently has the higher Sharpe Ratio (2.19 vs 1.85), 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.