SWOBX vs. JABLX

Last updated Jun 23, 2026

SWOBX (Schwab Balanced Fund™) and JABLX (Janus Henderson VIT Balanced Portfolio) are both Diversified Portfolio funds. Over the past 10 years, SWOBX returned 8.91%/yr vs 10.63%/yr for JABLX. Their correlation of 0.93 suggests significant overlap in exposure. SWOBX charges 0.00%/yr vs 0.62%/yr for JABLX.

Performance

SWOBX vs. JABLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab Balanced Fund™ (SWOBX) and Janus Henderson VIT Balanced Portfolio (JABLX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SWOBX achieves a 5.37% return, which is significantly higher than JABLX's 3.92% return. Over the past 10 years, SWOBX has underperformed JABLX with an annualized return of 8.91%, while JABLX has yielded a comparatively higher 10.63% annualized return.

SWOBX

• 1D: 0.91%
• 1M: 0.53%
• YTD: 5.37%
• 6M: 5.11%
• 1Y: 16.17%
• 3Y*: 12.46%
• 5Y*: 6.67%
• 10Y*: 8.91%

JABLX

• 1D: 0.90%
• 1M: 1.48%
• YTD: 3.92%
• 6M: 3.88%
• 1Y: 14.84%
• 3Y*: 13.66%
• 5Y*: 8.01%
• 10Y*: 10.63%

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

SWOBX vs. JABLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SWOBX Schwab Balanced Fund™	5.37%	12.76%	12.51%	18.25%	-18.86%	14.76%	14.73%	20.13%	-4.35%	15.52%
JABLX Janus Henderson VIT Balanced Portfolio	3.92%	15.13%	15.42%	15.41%	-16.36%	17.20%	14.21%	22.60%	0.68%	18.44%

Correlation

The correlation between SWOBX and JABLX is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.96
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (10Y) Calculated over the trailing 10-year period	0.95
Correlation (All Time) Calculated using the full available price history since Jan 2, 1997	0.93

The correlation between SWOBX and JABLX has been stable across timeframes, ranging from 0.93 to 0.96 - a consistent structural relationship.

Return for Risk

SWOBX vs. JABLX — Risk / Return Rank

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

SWOBX

SWOBX Risk / Return Rank: 45
SWOBX Sharpe Ratio Rank: 42
SWOBX Sortino Ratio Rank: 42
SWOBX Omega Ratio Rank: 43
SWOBX Calmar Ratio Rank: 44
SWOBX Martin Ratio Rank: 55

JABLX

JABLX Risk / Return Rank: 33
JABLX Sharpe Ratio Rank: 35
JABLX Sortino Ratio Rank: 35
JABLX Omega Ratio Rank: 34
JABLX Calmar Ratio Rank: 27
JABLX Martin Ratio Rank: 37

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.

SWOBX vs. JABLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab Balanced Fund™ (SWOBX) and Janus Henderson VIT Balanced Portfolio (JABLX). 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.

	SWOBX	JABLX	Difference
Sharpe ratio: Return per unit of total volatility	1.76	1.59	+0.17
Sortino ratio: Return per unit of downside risk	2.51	2.27	+0.23
Omega ratio: Gain probability vs. loss probability	1.32	1.29	+0.04
Calmar ratio: Return relative to maximum drawdown	2.43	1.81	+0.62
Martin ratio: Return relative to average drawdown	10.43	7.71	+2.72

SWOBX vs. JABLX - Sharpe Ratio Comparison

The current SWOBX Sharpe Ratio is 1.76, which is comparable to the JABLX Sharpe Ratio of 1.59. The chart below compares the historical Sharpe Ratios of SWOBX and JABLX, 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

SWOBX vs. JABLX - Drawdown Comparison

The maximum SWOBX drawdown since its inception was -35.99%, which is greater than JABLX's maximum drawdown of -27.07%. Use the drawdown chart below to compare losses from any high point for SWOBX and JABLX.

Drawdown Indicators

	SWOBX	JABLX	Difference
Max Drawdown Largest peak-to-trough decline	-35.99%	-27.07%	-8.92%
Max Drawdown (1Y) Largest decline over 1 year	-6.58%	-8.10%	+1.52%
Max Drawdown (3Y) Largest decline over 3 years	-11.72%	-11.89%	+0.17%
Max Drawdown (5Y) Largest decline over 5 years	-28.30%	-21.30%	-7.00%
Max Drawdown (10Y) Largest decline over 10 years	-28.30%	-22.47%	-5.83%
Current Drawdown Current decline from peak	-0.84%	-0.19%	-0.65%
Average Drawdown Average peak-to-trough decline	-6.21%	-4.71%	-1.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.53%	1.89%	-0.36%

Volatility

SWOBX vs. JABLX - Volatility Comparison

Schwab Balanced Fund™ (SWOBX) and Janus Henderson VIT Balanced Portfolio (JABLX) have volatilities of 3.54% and 3.58%, 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.

Volatility by Period

	SWOBX	JABLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.54%	3.58%	-0.04%
Volatility (6M) Calculated over the trailing 6-month period	7.38%	7.58%	-0.20%
Volatility (1Y) Calculated over the trailing 1-year period	9.07%	9.21%	-0.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.03%	11.24%	+2.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.91%	11.15%	+1.76%

SWOBX vs. JABLX - Expense Ratio Comparison

SWOBX has a 0.00% expense ratio, which is lower than JABLX's 0.62% expense ratio.

Dividends

SWOBX vs. JABLX - Dividend Comparison

SWOBX's dividend yield for the trailing twelve months is around 5.20%, less than JABLX's 10.66% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JABLX Janus Henderson VIT Balanced Portfolio	10.66%	5.16%	2.02%	2.01%	4.78%	1.58%	3.14%	4.43%	5.22%	1.71%	3.64%	5.22%
SWOBX Schwab Balanced Fund™	5.20%	5.47%	4.94%	5.67%	10.21%	6.47%	2.97%	5.21%	7.11%	3.20%	7.83%	7.66%

Frequently Asked Questions

Can I hold both SWOBX and JABLX in my portfolio?

With a correlation of 0.96, SWOBX and JABLX 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.

Which is riskier, SWOBX or JABLX?

JABLX has higher volatility (3.58%) compared to SWOBX (3.54%). In terms of maximum drawdown, SWOBX dropped -35.99% vs JABLX's -27.07%.

Which has better risk-adjusted returns?

SWOBX currently has the higher Sharpe Ratio (1.76 vs 1.59), 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.