- ISIN
- US47103U2096
- CUSIP
- 47103U209
- Issuer
- Janus Henderson
- Inception Date
- Feb 25, 2016
- Region
- North America (U.S.)
- Category
- Mid Cap Growth Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- Janus Small Mid Cap Growth Alpha Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $1B
Highlights
- Avg. Volume (1M)
- 75K
- Avg. Volume Value (1M)
- $7.18M
Share Price Chart
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Performance
JSMD Performance Chart
Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD) is up 13.8% since the beginning of the year. JSMD is currently trading at $93 per share. Investors who bought $1,000 worth of JSMD shares 5 years ago would now be looking at an investment worth $1,403.
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Returns By Period
Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD) has returned 13.78% so far this year and 19.38% over the past 12 months. Over the last ten years, JSMD has had an annualized return of 12.75%, just under the S&P 500 Index benchmark’s 13.26%.
Janus Henderson Small/Mid Cap Growth Alpha ETF
- 1D
- -1.00%
- 1M
- -5.25%
- 6M
- 9.33%
- YTD
- 13.78%
- 1Y
- 19.38%
- 3Y*
- 13.42%
- 5Y*
- 7.00%
- 10Y*
- 12.75%
- ALL TIME*
- 13.74%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
JSMD Monthly Returns History
Based on dividend-adjusted daily data since Feb 25, 2016, JSMD's average daily return is +0.06%, while the average monthly return is +1.24%. At this rate, an investment would double in approximately 4.7 years.
Historically, 65% of months were positive and 35% were negative. The best month was Apr 2020 with a return of +16.4%, while the worst month was Mar 2020 at -19.0%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 3 months.
On a daily basis, JSMD closed higher 53% of trading days. The best single day was Mar 24, 2020 with a return of +9.4%, while the worst single day was Mar 12, 2020 at -10.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.07% | 0.45% | -6.84% | 12.24% | 7.37% | 5.96% | -8.50% | 13.78% | |||||
| 2025 | 3.73% | -6.06% | -4.23% | -1.26% | 7.32% | 4.86% | 2.10% | 4.26% | 1.31% | 0.34% | -0.64% | -2.01% | 9.25% |
| 2024 | -2.10% | 5.89% | 2.69% | -6.21% | 2.71% | -1.16% | 7.64% | -0.64% | 2.12% | -0.75% | 13.48% | -7.70% | 15.08% |
| 2023 | 10.98% | -1.37% | -1.41% | -0.48% | 1.75% | 9.42% | 4.79% | -4.75% | -5.70% | -6.01% | 8.29% | 10.69% | 26.81% |
| 2022 | -10.48% | -0.20% | 0.70% | -9.74% | 0.51% | -7.86% | 12.37% | -5.66% | -9.20% | 8.03% | 5.56% | -6.53% | -22.84% |
| 2021 | 3.30% | 1.76% | 1.86% | 1.65% | -0.94% | 0.05% | 0.31% | 1.46% | -5.58% | 4.60% | -3.25% | 3.34% | 8.40% |
Benchmark Metrics
Janus Henderson Small/Mid Cap Growth Alpha ETF has an annualized alpha of 0.09%, beta of 1.05, and R2 of 0.69 versus S&P 500 Index. Calculated based on daily prices since February 25, 2016.
- This ETF participated in 116.80% of S&P 500 Index downside but only 114.12% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 1.05 and R2 of 0.69, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 0.09%
- Beta
- 1.05
- R²
- 0.69
- Upside Capture
- 114.12%
- Downside Capture
- 116.80%
Expense Ratio
JSMD has an expense ratio of 0.30%, placing it in the medium range.
Return for Risk
Risk / Return Rank
JSMD ranks 33 for risk / return — above 33% of ETFs peers on PortfoliosLab. Its historical combined result is below the peer median.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD) and compare them to S&P 500 Index.
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.
| JSMD | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.64 | ||
| Sortino ratioReturn per unit of downside risk | -0.75 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.25 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.18 | 2.00 | -0.83 |
| Martin ratioReturn relative to average drawdown | 3.73 | 8.49 | -4.76 |
Dividends
Dividend History
Janus Henderson Small/Mid Cap Growth Alpha ETF provided a 0.44% dividend yield over the last twelve months, with an annual payout of $0.41 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.41 | $0.44 | $0.57 | $0.29 | $0.21 | $0.19 | $0.15 | $0.15 | $0.20 | $0.12 | $0.11 |
Dividend yield | 0.44% | 0.54% | 0.76% | 0.44% | 0.40% | 0.28% | 0.24% | 0.32% | 0.53% | 0.30% | 0.36% |
Monthly Dividends
The table displays the monthly dividend distributions for Janus Henderson Small/Mid Cap Growth Alpha ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.08 | $0.00 | $0.16 | |||||
| 2025 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.12 | $0.44 |
| 2024 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.40 | $0.57 |
| 2023 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.10 | $0.29 |
| 2022 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.08 | $0.21 |
| 2021 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.07 | $0.19 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Janus Henderson Small/Mid Cap Growth Alpha ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Janus Henderson Small/Mid Cap Growth Alpha ETF was 38.98%, occurring on Mar 23, 2020. Recovery took 85 trading sessions.
The current Janus Henderson Small/Mid Cap Growth Alpha ETF drawdown is 8.50%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-38.98%Mar 2020 | 1mo 29d | 4mo 2d | 6mo 1dJan 2020 - Jul 2020 | COVID crash2020 |
-32.18%Jun 2022 | 6mo 29d | 1y 9mo | 2y 4moNov 2021 - Mar 2024 | Bear market2022 |
-27.06%Dec 2018 | 3mo 8d | 11mo 7d | 1y 2moSep 2018 - Nov 2019 | Rate-hike selloffLate 2018 |
-24.01%Apr 2025 | 4mo 4d | 4mo 16d | 8mo 20dDec 2024 - Aug 2025 | 2025 selloff2025 |
-14.86%Mar 2026 | 2mo 6d | 18d | 2mo 24dJan 2026 - Apr 2026 | — |
Drawdown Indicators
| JSMD | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.98% | -56.78% | +17.80% |
Max Drawdown (1Y)Largest decline over 1 year | -14.86% | -9.10% | -5.76% |
Max Drawdown (3Y)Largest decline over 3 years | -24.01% | -18.90% | -5.11% |
Max Drawdown (5Y)Largest decline over 5 years | -32.18% | -25.43% | -6.75% |
Max Drawdown (10Y)Largest decline over 10 years | -38.98% | -33.92% | -5.06% |
Current DrawdownCurrent decline from peak | -8.50% | -1.58% | -6.92% |
Average DrawdownAverage peak-to-trough decline | -7.42% | -10.70% | +3.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.67% | 2.14% | +2.53% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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