Janus Henderson Small/Mid Cap Growth Alpha ETF
$90.07−0.12 (−0.14%)
- 0.30%
- $1.1B
- +13.3%
- 0.37%
- 0.1M sh
- $91.43
- low $75.30high $101.70
The ETF.net JSMD Grade
Score 35 out of 100
- 7 of 8
Score 35 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.F13 out of 100Rank 8 of 8Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.F18 out of 100Rank 8 of 8Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B66 out of 100Rank 2 of 8Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A72 out of 100Rank 2 of 8Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B64 out of 100Rank 4 of 8
Our read on JSMD
DSince 2016, JSMD has run one quantitative screen on small- and mid-cap growth: roughly 300 names, measured against the Russell 2500 Growth Index, in the tier of companies sitting well below the mega-cap giants.
JSMD seeks long-term capital growth. It actively and systematically selects small- and mid-cap growth companies using quantitative methods and fundamental research, with portfolio optimization intended to manage risk.
Why people hold it
- A quant model does the picking, backed by fundamental research and portfolio optimization for risk. Active stock selection, run by rules rather than a manager's gut.
- Roughly 300 holdings across small- and mid-cap growth, so no single name carries the fund in a corner of the market where individual stocks swing hard.
- Live since 2016, a multibillion-dollar asset base and steady volume mean the plumbing is well established for a strategy this specialized.
- Lands in the upper half of its peer group on our full review, holding its own alongside plain broad-market trackers like ILCB and GUSA.
Worth knowing
- At 0.30% a year it prices above the 0.20% peer median, and far above bare-bones beta such as ILCB at 0.03%. The screen is what you're paying for.
- Small- and mid-cap growth is one of the choppier lanes in US equities, and a growth-only screen can sit out of favor for long stretches.
- Distributions land quarterly, but the mandate is long-term capital growth; income is a byproduct, not the point.
JSMD Holdings
- Stocks
- 124
- 17%
- CVLT
Sectors
- Health Care25.8%
- Technology25.6%
- Industrials17.2%
- Consumer Discretionary10.3%
- Financials9.2%
- Materials3.2%
- Communication3.1%
- Real Estate2.9%
- Consumer Staples1.8%
- Energy1.0%
Geography
- United States96.93%
- Canada1.29%
- United Kingdom1.23%
- France0.55%
JSMD Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | JSMD |
|---|---|
| Year to date | +10.8% |
| 1 month | −1.4% |
| 3 months | −7.5% |
| 1 year | +13.3% |
| 3 years | +16.7% |
| 5 years | +7.4% |
| 10 years | +12.4% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | JSMD |
|---|---|---|
| 2026 YTD | +10.8% | |
| 2025 | +9.2% | |
| 2024 | +15.1% | |
| 2023 | +26.8% | |
| 2022 | −22.8% | |
| 2021 | +8.4% | |
| 2020 | +30.8% |
JSMD in the news
JSMD Dividends
- 0.37%
- $0.33
- $0.05 per share
- Quarterly
Distribution history
JSMD Risk
- 19.5%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.62
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −32.2%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 1.16
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
JSMD Cost
- The middle half of US Stocks funds
- Median 0.10%
Every other US Stocks fund charges less.
Other funds in US Stocks
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- BAAUAEA Series Trust - Alpha Architect US Equity 3 ETFExpense ratio 0.09%1 year return —
- CSTXKStrive Small-Cap ETFExpense ratio 0.18%1 year return +13.5%
- DTEXNiShares Texas Equity ETFExpense ratio 0.20%1 year return +28.7%