Janus Henderson Small Cap Growth Alpha ETF
$86.96−0.96 (−1.10%)
- Expense ratio
- 0.30%
- Fund size
- $346M
- 1Y return
- +14.5%
- Yield · Last 12 months
- 0.34%
- Holdings
- 119
- Volume · 30D
- 0M sh
- NAV per share
- $88.01
- 52W range
The ETF.net JSML Grade
Score 67 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.AScore 91Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.DScore 35Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.BScore 61Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.CScore 49Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 80Category rank
Our read on JSML
BJanus Henderson's rules-driven answer to small-cap growth: a systematic screen benchmarked against the Russell 2000 Growth Index, priced at 0.30% a year while the typical active small-cap peer charges more.
The fund seeks long-term capital growth. Normally, it invests at least 80% of net assets in equity securities of small-cap companies chosen for growth potential.
Why people hold it
- 0.30% a year, comfortably below the median fee in its active small-cap group. Cheap pricing for a systematic strategy rather than a plain index tracker.
- Rules-first construction: normally at least 80% of net assets in small-cap growth equities, spread across roughly 200 names, so no single stock carries the fund.
- Trading since 2016, so there is a long live record behind the method, and it sits in the top quartile of its active US small-cap peer group.
- Pays shareholders on a quarterly schedule, with the Russell 2000 Growth Index as the stated yardstick for the strategy.janushenderson.com
Worth knowing
- One of the more thinly traded funds in its category, so execution costs can bite harder than with a heavily traded small-cap ETF.
- Small-cap growth is the jumpy end of the market, and the mandate keeps at least 80% of assets parked there. Bumpier than a broad-market equity fund.
- Cheaper systematic small-cap rivals exist: AVSC and AVUV at 0.25%, DUHP at 0.20%, all with different factor recipes.
JSML Holdings
- Stocks
- 119
- 18%
- TNET
Sectors
- Health Care29.0%
- Technology22.5%
- Industrials14.0%
- Financials11.0%
- Consumer Discr.7.5%
- Energy4.1%
- Materials3.7%
- Communication3.4%
- Real Estate2.7%
- Cons. Staples2.1%
Geography
- United States97.36%
- France0.95%
- United Kingdom0.85%
- Canada0.84%
JSML 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 Sep 22, 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 | JSML |
|---|---|
| Year to date | +19.7% |
| 1 month | −3.0% |
| 3 months | −4.5% |
| 1 year | +14.5% |
| 3 years | +21.3% |
| 5 years | +6.5% |
| 10 years | +12.1% |
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 | JSML |
|---|---|---|
| 2026 YTD | +19.7% | |
| 2025 | +13.4% | |
| 2024 | +12.4% | |
| 2023 | +30.1% | |
| 2022 | −29.4% | |
| 2021 | +3.1% | |
| 2020 | +35.4% |
JSML in the news
JSML Dividends
- 0.34%
- $0.30
- $0.05 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Jun 30, 2026 | Jul 7, 2026 | $0.05 |
| Mar 31, 2026 | Apr 7, 2026 | $0.04 |
| Dec 19, 2025 | Dec 26, 2025 | $0.12 |
| Sep 30, 2025 | Oct 6, 2025 | $0.09 |
| Jun 30, 2025 | Jul 7, 2025 | $0.21 |
| Mar 31, 2025 | Apr 4, 2025 | $0.27 |
| Dec 20, 2024 | Dec 27, 2024 | $0.62 |
| Sep 30, 2024 | Oct 4, 2024 | $0.06 |
| Jun 28, 2024 | Jul 3, 2024 | $0.05 |
| Mar 28, 2024 | Apr 4, 2024 | $0.05 |
| Dec 20, 2023 | Dec 27, 2023 | $0.13 |
| Sep 29, 2023 | Oct 5, 2023 | $0.06 |
JSML Risk
- 22.4%
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.
- 0.66
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.
- −37.5%
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.
- 1.28
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
JSML Cost
- The middle half of US Active Small-Cap funds
- Median 0.55%
3 of the 39 US Active Small-Cap funds charge less.