Janus Henderson Small Cap Growth Alpha ETF
$86.68−0.11 (−0.13%)
- 0.30%
- $361M
- +21.2%
- 0.31%
- 0M sh
- $87.44
- low $66.97high $98.01
The ETF.net JSML Grade
Score 69 out of 100
- 6 of 41
Score 69 of 100 falls in the B 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.A93 out of 100Rank 4 of 41Mission
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.D36 out of 100Rank 27 of 38Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B66 out of 100Rank 11 of 41Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C48 out of 100Rank 27 of 41Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A82 out of 100Rank 5 of 41
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
- 125
- 18%
- CVLT
Sectors
- Health Care28.4%
- Technology24.9%
- Industrials13.8%
- Financials10.5%
- Consumer Discretionary6.5%
- Energy4.2%
- Materials3.7%
- Communication3.3%
- Real Estate2.6%
- Consumer Staples2.1%
Geography
- United States96.86%
- United Kingdom0.87%
- Canada0.75%
- France0.65%
- Bermuda0.45%
- Singapore0.42%
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 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 | JSML |
|---|---|
| Year to date | +18.2% |
| 1 month | +0.1% |
| 3 months | −4.2% |
| 1 year | +21.2% |
| 3 years | +21.1% |
| 5 years | +6.8% |
| 10 years | +12.2% |
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 | +18.2% | |
| 2025 | +13.4% | |
| 2024 | +12.4% | |
| 2023 | +30.1% | |
| 2022 | −29.4% | |
| 2021 | +3.1% | |
| 2020 | +35.4% |
JSML in the news
JSML Dividends
- 0.31%
- $0.27
- $0.05 per share
- Quarterly
Distribution history
JSML Risk
- 22.0%
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.
- 0.74
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.
Other funds in US Active Small-Cap
- ADUSGU.S. Small Cap Growth Portfolio: ETF Class SharesExpense ratio 0.33%1 year return —
- ARESMColumbia Research Enhanced Small Cap ETFExpense ratio 0.32%1 year return —
- BBSVOEA Bridgeway Omni Small-Cap Value ETFExpense ratio 0.45%1 year return +33.9%
- BSIXSETC 6 Meridian Small Cap Equity ETFExpense ratio 0.31%1 year return +18.7%
- BFSMLFranklin Small Cap Enhanced ETFExpense ratio 0.45%1 year return —