BKMC vs. JSMD

Last updated Jul 17, 2026

BKMC (BNY Mellon US Mid Cap Core Equity ETF) and JSMD (Janus Henderson Small/Mid Cap Growth Alpha ETF) are both Mid Cap Growth Equities funds - BKMC tracks the Morningstar US Mid Cap Index while JSMD tracks the Janus Small Mid Cap Growth Alpha Index. Both are passively managed. Over the past 5 years, BKMC returned 8.37%/yr vs 8.56%/yr for JSMD. Their correlation of 0.90 suggests significant overlap in exposure. BKMC charges 0.04%/yr vs 0.30%/yr for JSMD.

Performance

BKMC vs. JSMD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BNY Mellon US Mid Cap Core Equity ETF (BKMC) and Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BKMC achieves a 12.14% return, which is significantly lower than JSMD's 17.41% return.

BKMC

• 1D: 0.26%
• 1M: -0.13%
• 6M: 4.66%
• YTD: 12.14%
• 1Y: 18.98%
• 3Y*: 13.54%
• 5Y*: 8.37%
• 10Y*: —

JSMD

• 1D: -1.39%
• 1M: -0.93%
• 6M: 9.85%
• YTD: 17.41%
• 1Y: 22.75%
• 3Y*: 14.72%
• 5Y*: 8.56%
• 10Y*: 13.14%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BKMC vs. JSMD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
BKMC BNY Mellon US Mid Cap Core Equity ETF	12.14%	8.74%	13.78%	17.50%	-16.03%	23.83%	46.18%
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF	17.41%	9.25%	15.08%	26.81%	-22.84%	8.40%	69.91%

Correlation

The correlation between BKMC and JSMD is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.89
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (All Time) Calculated using the full available price history since Apr 9, 2020	0.90

The correlation between BKMC and JSMD has been stable across timeframes, ranging from 0.89 to 0.92 - a consistent structural relationship.

BKMC vs. JSMD - Sectors Allocation Comparison

Sectors	BKMC	JSMD
Industrials	21.5%	23.3%
Technology	14.4%	28.1%
Healthcare	12.0%	18.7%
Financial Services	11.7%	8.9%
Consumer Cyclical	8.8%	8.7%
Real Estate	7.9%	2.8%
Consumer Defensive	4.5%	2.5%
Basic Materials	4.5%	3.0%
Energy	3.3%	1.1%
Communication Services	2.8%	2.9%
Utilities	2.2%	-

Return for Risk

BKMC vs. JSMD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BKMC

BKMC Risk / Return Rank: 46
BKMC Sharpe Ratio Rank: 43
BKMC Sortino Ratio Rank: 45
BKMC Omega Ratio Rank: 40
BKMC Calmar Ratio Rank: 48
BKMC Martin Ratio Rank: 54

JSMD

JSMD Risk / Return Rank: 36
JSMD Sharpe Ratio Rank: 35
JSMD Sortino Ratio Rank: 34
JSMD Omega Ratio Rank: 33
JSMD Calmar Ratio Rank: 37
JSMD Martin Ratio Rank: 40

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BKMC vs. JSMD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNY Mellon US Mid Cap Core Equity ETF (BKMC) and Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

	BKMC	JSMD	Difference
Sharpe ratio: Return per unit of total volatility	1.24	1.03	+0.21
Sortino ratio: Return per unit of downside risk	1.87	1.54	+0.33
Omega ratio: Gain probability vs. loss probability	1.22	1.19	+0.03
Calmar ratio: Return relative to maximum drawdown	1.94	1.54	+0.40
Martin ratio: Return relative to average drawdown	7.38	5.12	+2.26

BKMC vs. JSMD - Sharpe Ratio Comparison

The current BKMC Sharpe Ratio is 1.24, which is comparable to the JSMD Sharpe Ratio of 1.03. The chart below compares the historical Sharpe Ratios of BKMC and JSMD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BKMC vs. JSMD - Drawdown Comparison

The maximum BKMC drawdown since its inception was -25.02%, smaller than the maximum JSMD drawdown of -38.98%. Use the drawdown chart below to compare losses from any high point for BKMC and JSMD.

Drawdown Indicators

	BKMC	JSMD	Difference
Max Drawdown Largest peak-to-trough decline	-25.02%	-38.98%	+13.96%
Max Drawdown (1Y) Largest decline over 1 year	-9.82%	-14.86%	+5.04%
Max Drawdown (3Y) Largest decline over 3 years	-23.68%	-24.01%	+0.33%
Max Drawdown (5Y) Largest decline over 5 years	-25.02%	-32.18%	+7.16%
Max Drawdown (10Y) Largest decline over 10 years	—	-38.98%	—
Current Drawdown Current decline from peak	-1.87%	-5.59%	+3.72%
Average Drawdown Average peak-to-trough decline	-6.44%	-7.42%	+0.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.58%	4.45%	-1.87%

Volatility

BKMC vs. JSMD - Volatility Comparison

The current volatility for BNY Mellon US Mid Cap Core Equity ETF (BKMC) is 3.25%, while Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD) has a volatility of 6.01%. This indicates that BKMC experiences smaller price fluctuations and is considered to be less risky than JSMD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BKMC	JSMD	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.25%	6.01%	-2.76%
Volatility (6M) Calculated over the trailing 6-month period	11.23%	17.49%	-6.26%
Volatility (1Y) Calculated over the trailing 1-year period	15.34%	22.16%	-6.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.83%	23.09%	-4.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.08%	22.80%	-3.72%

BKMC vs. JSMD - Expense Ratio Comparison

BKMC has a 0.04% expense ratio, which is lower than JSMD's 0.30% expense ratio.

Dividends

BKMC vs. JSMD - Dividend Comparison

BKMC's dividend yield for the trailing twelve months is around 1.41%, more than JSMD's 0.43% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
BKMC BNY Mellon US Mid Cap Core Equity ETF	1.41%	1.35%	1.54%	1.38%	1.63%	1.15%	0.86%	0.00%	0.00%	0.00%	0.00%
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF	0.43%	0.54%	0.76%	0.44%	0.40%	0.28%	0.24%	0.32%	0.53%	0.30%	0.36%

Frequently Asked Questions

Can I hold both BKMC and JSMD in my portfolio?

BKMC and JSMD have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BKMC or JSMD?

JSMD has higher volatility (6.01%) compared to BKMC (3.25%). In terms of maximum drawdown, BKMC dropped -25.02% vs JSMD's -38.98%.

Which ETF is better, BKMC or JSMD?

On 5-year performance, JSMD leads with 8.56% vs 8.37% for BKMC. On fees, BKMC is cheaper at 0.04% per year. On volatility, BKMC has been the lower-risk option at 3.25%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BKMC or JSMD?

Over the 5-year period, JSMD has performed better with a 8.56% return vs 8.37%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BKMC or JSMD?

BKMC is cheaper with a 0.04% expense ratio, compared with 0.30% for JSMD.

Which ETF pays a higher dividend yield, BKMC or JSMD?

BKMC has the higher dividend yield at 1.41%, compared with 0.43% for JSMD.

What is the main difference between BKMC and JSMD?

BKMC tracks Morningstar US Mid Cap Index, while JSMD tracks Janus Small Mid Cap Growth Alpha Index. They also come from different issuers: BNY Mellon and Janus Henderson. Their fees differ too: 0.04% for BKMC and 0.30% for JSMD.

Which has better risk-adjusted returns?

BKMC currently has the higher Sharpe Ratio (1.24 vs 1.03), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.