WASCX vs. JNSMX

Last updated Aug 1, 2026

WASCX (Delaware Ivy Asset Strategy Fund) and JNSMX (Janus Henderson Global Allocation Fund - Moderate) are both Global Allocation funds. Over the past 10 years, WASCX returned 8.30%/yr vs 6.48%/yr for JNSMX. Their correlation of 0.85 means they have usually moved in the same direction. WASCX charges 2.18%/yr vs 0.25%/yr for JNSMX.

Performance

WASCX vs. JNSMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Delaware Ivy Asset Strategy Fund (WASCX) and Janus Henderson Global Allocation Fund - Moderate (JNSMX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WASCX achieves a 5.26% return, which is significantly lower than JNSMX's 6.42% return. Over the past 10 years, WASCX has outperformed JNSMX with an annualized return of 8.30%, while JNSMX has yielded a comparatively lower 6.48% annualized return.

WASCX

• 1D: 1.42%
• 1M: -0.77%
• 6M: 2.69%
• YTD: 5.26%
• 1Y: 11.82%
• 3Y*: 12.93%
• 5Y*: 6.83%
• 10Y*: 8.30%
• ALL TIME*: 7.26%

JNSMX

• 1D: 1.42%
• 1M: -1.04%
• 6M: 4.16%
• YTD: 6.42%
• 1Y: 13.95%
• 3Y*: 11.24%
• 5Y*: 4.38%
• 10Y*: 6.48%
• ALL TIME*: 5.49%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
JNSMX Janus Henderson Global Allocation Fund - Moderate	$0.00	$0.00	$0.00
WASCX Delaware Ivy Asset Strategy Fund	$0.00	$0.00	$0.00

WASCX vs. JNSMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
WASCX Delaware Ivy Asset Strategy Fund	5.26%	16.07%	13.12%	14.62%	-14.57%	12.88%	12.53%	20.90%	-5.98%	17.53%
JNSMX Janus Henderson Global Allocation Fund - Moderate	6.42%	15.72%	8.87%	11.71%	-17.38%	7.25%	14.46%	15.62%	-6.57%	16.27%

Correlation

The correlation between WASCX and JNSMX is 0.95, 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.	0.95
Correlation (3Y) Balances recent behavior with more history.	0.92
Correlation (5Y) Shows whether the relationship held over a longer period.	0.93
Correlation (10Y) Provides a long-term view across more market conditions.	0.92
Correlation (All Time) Calculated using the full available price history since Dec 30, 2005	0.85

The correlation between WASCX and JNSMX has been stable across timeframes, ranging from 0.85 to 0.95 - a consistent structural relationship.

Return for Risk

WASCX vs. JNSMX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

WASCX

WASCX Risk / Return Rank: 29
WASCX Sharpe Ratio Rank: 28
WASCX Sortino Ratio Rank: 28
WASCX Omega Ratio Rank: 28
WASCX Calmar Ratio Rank: 26
WASCX Martin Ratio Rank: 34

JNSMX

JNSMX Risk / Return Rank: 53
JNSMX Sharpe Ratio Rank: 51
JNSMX Sortino Ratio Rank: 51
JNSMX Omega Ratio Rank: 51
JNSMX Calmar Ratio Rank: 51
JNSMX Martin Ratio Rank: 60

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

WASCX vs. JNSMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Delaware Ivy Asset Strategy Fund (WASCX) 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.

	WASCX	JNSMX	Difference
Sharpe ratio: Return per unit of total volatility	0.95	1.35	-0.40
Sortino ratio: Return per unit of downside risk	1.41	1.95	-0.55
Omega ratio: Gain probability vs. loss probability	1.18	1.25	-0.07
Calmar ratio: Return relative to maximum drawdown	1.20	1.88	-0.68
Martin ratio: Return relative to average drawdown	5.12	7.75	-2.63

WASCX vs. JNSMX - Sharpe Ratio Comparison

The current WASCX Sharpe Ratio is 0.95, which is comparable to the JNSMX Sharpe Ratio of 1.35. The chart below compares the historical Sharpe Ratios of WASCX and JNSMX, 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

WASCX vs. JNSMX - Drawdown Comparison

The maximum WASCX drawdown since its inception was -36.09%, smaller than the maximum JNSMX drawdown of -39.85%. Use the drawdown chart below to compare losses from any high point for WASCX and JNSMX.

Drawdown Indicators

	WASCX	JNSMX	Difference
Max Drawdown Largest peak-to-trough decline	-36.09%	-39.85%	+3.76%
Max Drawdown (1Y) Largest decline over 1 year	-9.02%	-7.00%	-2.02%
Max Drawdown (3Y) Largest decline over 3 years	-11.21%	-10.60%	-0.61%
Max Drawdown (5Y) Largest decline over 5 years	-28.99%	-25.15%	-3.84%
Max Drawdown (10Y) Largest decline over 10 years	-29.42%	-25.15%	-4.27%
Current Drawdown Current decline from peak	-1.52%	-1.79%	+0.27%
Average Drawdown Average peak-to-trough decline	-7.44%	-5.90%	-1.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.11%	1.69%	+0.42%

Volatility

WASCX vs. JNSMX - Volatility Comparison

Delaware Ivy Asset Strategy Fund (WASCX) has a higher volatility of 3.18% compared to Janus Henderson Global Allocation Fund - Moderate (JNSMX) at 2.97%. This indicates that WASCX's price experiences larger fluctuations and is considered to be riskier than JNSMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WASCX	JNSMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.18%	2.97%	+0.21%
Volatility (6M) Calculated over the trailing 6-month period	10.09%	8.45%	+1.64%
Volatility (1Y) Calculated over the trailing 1-year period	11.44%	9.76%	+1.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.80%	10.62%	+7.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.67%	10.22%	+5.45%

WASCX vs. JNSMX - Expense Ratio Comparison

WASCX has a 2.18% expense ratio, which is higher than JNSMX's 0.25% expense ratio.

Dividends

WASCX vs. JNSMX - Dividend Comparison

WASCX's dividend yield for the trailing twelve months is around 10.68%, more than JNSMX's 5.55% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JNSMX Janus Henderson Global Allocation Fund - Moderate	5.55%	5.90%	4.28%	1.53%	2.96%	13.36%	4.49%	5.72%	4.86%	7.24%	1.87%	9.16%
WASCX Delaware Ivy Asset Strategy Fund	10.68%	10.75%	8.30%	2.28%	18.75%	11.68%	2.22%	5.49%	20.62%	2.37%	0.00%	6.52%

Frequently Asked Questions

Can I hold both WASCX and JNSMX in my portfolio?

With a correlation of 0.95, WASCX 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.

Which is riskier, WASCX or JNSMX?

WASCX has higher volatility (3.18%) compared to JNSMX (2.97%). In terms of maximum drawdown, WASCX dropped -36.09% vs JNSMX's -39.85%.

Which has better risk-adjusted returns?

JNSMX currently has the higher Sharpe Ratio (1.35 vs 0.95), 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.