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DUSG vs JSML

U.S. Small Cap Growth Portfolio: ETF Class Shares

DUSGANasdaq

Janus Henderson Small Cap Growth Alpha ETF

JSMLANasdaq

Overlap

Expense ratio

JSML −0.03pt a year

DUSG0.33%JSML0.30%

Avg volume · 30D

JSML 4.7×the volume

DUSG5.5KJSML26K

DUSG vs JSML Performance

Jul 31, 2026 – Oct 30, 2026

−1.7%DUSG+0.3%JSML

Jul 31, 2026 to Oct 30, 2026. DUSG −1.7%. JSML +0.3%. Use the arrow keys to read each point.−4%2%4%6%Jul 2026Sep 2026Oct 2026
Expense ratio
DUSG 0.33%
JSML 0.30%, better
Fund size
DUSG $1.94B
JSML $378M
1Y total return
DUSG No data
JSML +18.2%
Yield (12M)
DUSG No data
JSML 0.30%
Holdings
DUSG 585
JSML 123
Avg volume (30D)
DUSG 5.5K sh
JSML 26K sh, better
NAV per share
DUSG $50.92
JSML $89.38
52W range

ETF.net Grade

DUSG: Cost 85, Risk 61, Mission not scored, Tradability 61, Holdings 79, Durability 93. JSML: Cost 91, Risk 35, Mission not scored, Tradability 78, Holdings 48, Durability 82.
Pillar letters and Scores for DUSG, JSML, with each pillar’s weight
PillarDUSGJSML
Cost30% weightA85A91Higher
Mission25% weightNot scoredNot scored
Risk15% weightB61HigherD35
Tradability15% weightB61A78Higher
Holdings10% weightA79HigherC48
Durability5% weightA93HigherA82

Rank among US Active Small-Cap funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. DUSG and JSML are both graded against the same 39 US Active Small-Cap funds, so their Grades compare head to head.

US Active Small-Cap⁠

Category · 39 funds
See all 39 ›

DUSG ranks 4th and JSML 5th of 39 funds in the US Active Small-Cap Category.

  1. Rank 1AAVSCAvantis U.S. Small Cap Equity ETFScore 88
  2. Rank 2AFESMFidelity Enhanced Small Cap ETFScore 85
  3. Rank 3ADFSVU.S. Small Cap Value Portfolio ETF Class SharesScore 82
  4. Rank 4ADUSGU.S. Small Cap Growth Portfolio: ETF Class SharesScore 75
  5. Rank 5ABSVOEA Bridgeway Omni Small-Cap Value ETFScore 70
  6. Rank 5AJSMLJanus Henderson Small Cap Growth Alpha ETFScore 70
  7. Rank 7BRESMColumbia Research Enhanced Small Cap ETFScore 69

Our read on each fund

ETF.net Research

DUSGAU.S. Small Cap Growth Portfolio: ETF Class Shares

JSMLAJanus Henderson Small Cap Growth Alpha ETF

In short

DUSG A Dimensional small-cap growth strategy that finally got a ticker. DUSG is an exchange-traded share class of a portfolio running since 2012, screening small US companies for high profitability and cheaper relative price.

JSML Janus 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.

Stated mandate

DUSG The Portfolio seeks long-term capital appreciation.

JSML 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

  • DUSG Not a startup fund with a launch-day portfolio. The underlying strategy has run since 2012, and the ETF class is a new door into the same book of stocks.businesswire.com
  • The screen does two jobs at once: small-cap growth companies, filtered for high profitability and lower relative price, instead of whatever the index says is popular.dimensional.com
  • 0.33% a year for a systematically managed factor strategy, sitting right around the middle of the multifactor pack rather than at the premium end.
  • Broad and diversified by design, holding a wide sweep of US small caps in a billion-dollar-plus portfolio, not a handful of high-conviction names.dimensional.com
  • JSML 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

  • DUSG It trades thinly. Light volume can mean wider gaps between the bid and the ask than you get with the household-name index ETFs.
  • Distributions land once or twice a year, not monthly. The stated job here is long-term capital appreciation, not a paycheck.
  • Fair pricing, not bargain pricing: broad US growth exposure in the same peer group costs far less (IUSG, 0.04%), minus the small-cap and profitability screens.
  • JSML 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.

Full DUSG profile⁠

Full JSML profile⁠

DUSG vs JSML Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

DUSG vs JSML Cost

Overpaying DUSG vs JSML

$588

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • DUSG 0.33%

    $6,737

  • JSML 0.30%

    $6,149

$10,000
30 years

Cost over time

  • DUSG 0.33%
  • JSML 0.30%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K051015202530DUSG $6,737JSML $6,149

Year by year

YearDUSGJSMLOverpaying
10$598$545$53
20$2,318$2,113$205
30$6,737$6,149$588

Expense ratio

  • 0.33%DUSG
  • 0.30%JSML, cheaper
  • Middle half of US Active Small-Cap funds
  • Median 0.55%

JSML 4th cheapest of 39 funds

DUSG 7th cheapest of 39 funds

DUSG vs JSML Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
DUSG No data
JSML 0.30%
Payout (12M)
DUSG No data
JSML $0.27
Last payment
DUSG $0.07
JSML $0.05
Ex-dividend
DUSG Sep 29, 2026
JSML Sep 30, 2026
Paid on
DUSG Oct 1, 2026
JSML Oct 6, 2026
Frequency
DUSG Quarterly
JSML Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

DUSGQuarterly · 2 paymentsAll DUSG payments⁠
One bar per payment. 2 payments from 2017 to 2026 YTD. Jun 29, 2026 $0.07; Sep 29, 2026 $0.07. Use the arrow keys to read each point.$0$0.502017202020232026YTD
JSMLQuarterly · 39 paymentsAll JSML payments⁠
One bar per payment. 39 payments from 2017 to 2026 YTD. Mar 31, 2017 $0.03; Jun 30, 2017 $0.0068; Sep 29, 2017 $0.05; Dec 22, 2017 $0.07; Mar 29, 2018 $0.07; Jun 29, 2018 $0.07; Sep 28, 2018 $0.02; Dec 20, 2018 $0.11; Mar 29, 2019 $0.02; Jun 28, 2019 $0.04; Sep 30, 2019 $0.02; Dec 19, 2019 $0.04; Mar 31, 2020 $0.03; Jun 30, 2020 $0.02; Sep 30, 2020 $0.02; Dec 21, 2020 $0.13; Mar 31, 2021 $0.06; Jun 30, 2021 $0.02; Sep 30, 2021 $0.12; Dec 20, 2021 $0.09; Mar 31, 2022 $0.01; Jun 30, 2022 $0.06; Sep 30, 2022 $0.04; Dec 20, 2022 $0.19; Mar 31, 2023 $0.04; Jun 30, 2023 $0.06; Sep 29, 2023 $0.06; Dec 20, 2023 $0.13; Mar 28, 2024 $0.05; Jun 28, 2024 $0.05; Sep 30, 2024 $0.06; Dec 20, 2024 $0.62; Mar 31, 2025 $0.27; Jun 30, 2025 $0.21; Sep 30, 2025 $0.09; Dec 19, 2025 $0.12; Mar 31, 2026 $0.04; Jun 30, 2026 $0.05; Sep 30, 2026 $0.05. Use the arrow keys to read each point.$0$0.502017202020232026YTD

DUSG vs JSML Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
DUSG No dataJSML 21.6%
Return per unit of riskSharpe ratio, 3 years
DUSG No dataJSML 0.87
Worst fallMax drawdown, 5 years
DUSG No dataJSML −37.5%
Market sensitivityBeta, 5 years
DUSG 1.05JSML 1.28

DUSG and JSML in the news

All news⁠

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