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Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD) Sharpe Ratio: 1.30

ETF · Currency in USD · Last updated Jun 24, 2026

JSMD is a passive ETF by Janus Henderson tracking the investment results of the Janus Small Mid Cap Growth Alpha Index. JSMD launched on Feb 25, 2016 and has a 0.30% expense ratio.

JSMD's Sharpe Ratio of 1.30 indicates that for each unit of volatility, it generates 1.30 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 24, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

JSMD Sharpe Ratio Rank

JSMD Sharpe Ratio Rank: 38.839
Below Average

JSMD ranks above 38.8% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating below-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Returns may not adequately compensate for volatility taken
  • Consider smaller allocation given below-average risk-adjusted profile
  • Explore higher-ranked investments with better consistency
  • Assess whether the volatility profile aligns with your portfolio goals

JSMD Sharpe Ratio Market Positioning

The chart shows JSMD's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.83 or lower
  • Yellow zone (middle 50%): 0.83 to 2.16
  • Green zone (top 25%): 2.16 or higher
  • Top 1%: 6.98+
  • Median: 1.57 — half of all investments score higher

How it compares to other similar ETFs

The table compares Janus Henderson Small/Mid Cap Growth Alpha ETF's Sharpe Ratio with other ETFs in the Mid Cap Growth Equities category across multiple time periods, showing how JSMD's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 24, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
TEKXSPDR Galaxy Transformative Tech Accelerators ETF4.10
FCUSPinnacle Focused Opportunities ETF2.46
QQQJInvesco NASDAQ Next Gen 100 ETF2.22
FADFirst Trust Multi Cap Growth AlphaDEX Fund1.82
XMMOInvesco S&P MidCap Momentum ETF1.80
PDPInvesco Dorsey Wright Momentum ETF1.76
IJKiShares S&P MidCap 400 Growth ETF1.68
MDYGSPDR S&P 400 Mid Cap Growth ETF1.68
JHMMJohn Hancock Multifactor Mid Cap ETF1.64
BOUTInnovator IBD Breakout Opportunities ETF1.59
JSMDJanus Henderson Small/Mid Cap Growth Alpha ETF1.30

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows JSMD's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when JSMD consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does JSMD fit in your portfolio?

Add your other holdings to see your portfolio's Sharpe Ratio and find out.

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