FFOX vs. JSMD

Last updated Jul 17, 2026

FFOX (FundX Future Fund Opportunities ETF) and JSMD (Janus Henderson Small/Mid Cap Growth Alpha ETF) are both Mid Cap Growth Equities funds. FFOX is actively managed, while JSMD is passively managed. Over the past year, FFOX returned 15.18% vs 22.75% for JSMD. Their correlation of 0.87 suggests significant overlap in exposure. FFOX charges 1.02%/yr vs 0.30%/yr for JSMD.

Performance

FFOX vs. JSMD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FundX Future Fund Opportunities ETF (FFOX) 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, FFOX achieves a 7.26% return, which is significantly lower than JSMD's 17.41% return.

FFOX

• 1D: -0.75%
• 1M: 1.32%
• 6M: 1.04%
• YTD: 7.26%
• 1Y: 15.18%
• 3Y*: —
• 5Y*: —
• 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)

FFOX vs. JSMD - Yearly Performance Comparison

	2026 (YTD)	2025
FFOX FundX Future Fund Opportunities ETF	7.26%	10.29%
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF	17.41%	7.78%

Correlation

The correlation between FFOX and JSMD is 0.88, 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	0.88
Correlation (All Time) Calculated using the full available price history since Jun 10, 2025	0.87

The correlation between FFOX and JSMD has been stable across timeframes, ranging from 0.87 to 0.88 - a consistent structural relationship.

FFOX vs. JSMD - Sectors Allocation Comparison

Sectors	FFOX	JSMD
Industrials	25.6%	23.3%
Technology	22.0%	28.1%
Healthcare	20.8%	18.7%
Consumer Cyclical	12.1%	8.7%
Financial Services	7.5%	8.9%
Consumer Defensive	5.0%	2.5%
Basic Materials	3.6%	3.0%
Communication Services	2.1%	2.9%
Energy	1.3%	1.1%
Real Estate	-	2.8%
Utilities	-	-

Return for Risk

FFOX vs. JSMD — Risk / Return Rank

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

FFOX

FFOX Risk / Return Rank: 30
FFOX Sharpe Ratio Rank: 28
FFOX Sortino Ratio Rank: 29
FFOX Omega Ratio Rank: 27
FFOX Calmar Ratio Rank: 30
FFOX Martin Ratio Rank: 37

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.

FFOX vs. JSMD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FundX Future Fund Opportunities ETF (FFOX) 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.

	FFOX	JSMD	Difference
Sharpe ratio: Return per unit of total volatility	0.86	1.03	-0.17
Sortino ratio: Return per unit of downside risk	1.35	1.54	-0.20
Omega ratio: Gain probability vs. loss probability	1.16	1.19	-0.03
Calmar ratio: Return relative to maximum drawdown	1.23	1.54	-0.31
Martin ratio: Return relative to average drawdown	4.58	5.12	-0.54

FFOX vs. JSMD - Sharpe Ratio Comparison

The current FFOX Sharpe Ratio is 0.86, which is comparable to the JSMD Sharpe Ratio of 1.03. The chart below compares the historical Sharpe Ratios of FFOX 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

FFOX vs. JSMD - Drawdown Comparison

The maximum FFOX drawdown since its inception was -12.41%, smaller than the maximum JSMD drawdown of -38.98%. Use the drawdown chart below to compare losses from any high point for FFOX and JSMD.

Drawdown Indicators

	FFOX	JSMD	Difference
Max Drawdown Largest peak-to-trough decline	-12.41%	-38.98%	+26.57%
Max Drawdown (1Y) Largest decline over 1 year	-12.41%	-14.86%	+2.45%
Max Drawdown (3Y) Largest decline over 3 years	—	-24.01%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-32.18%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-38.98%	—
Current Drawdown Current decline from peak	-4.29%	-5.59%	+1.30%
Average Drawdown Average peak-to-trough decline	-2.19%	-7.42%	+5.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.32%	4.45%	-1.13%

Volatility

FFOX vs. JSMD - Volatility Comparison

The current volatility for FundX Future Fund Opportunities ETF (FFOX) is 4.57%, while Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD) has a volatility of 6.01%. This indicates that FFOX 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

	FFOX	JSMD	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.57%	6.01%	-1.44%
Volatility (6M) Calculated over the trailing 6-month period	14.00%	17.49%	-3.49%
Volatility (1Y) Calculated over the trailing 1-year period	17.75%	22.16%	-4.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.35%	23.09%	-5.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.35%	22.80%	-5.45%

FFOX vs. JSMD - Expense Ratio Comparison

FFOX has a 1.02% expense ratio, which is higher than JSMD's 0.30% expense ratio.

Dividends

FFOX vs. JSMD - Dividend Comparison

FFOX's dividend yield for the trailing twelve months is around 1.69%, more than JSMD's 0.43% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
FFOX FundX Future Fund Opportunities ETF	1.69%	1.81%	0.00%	0.00%	0.00%	0.00%	0.00%	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 FFOX and JSMD in my portfolio?

FFOX and JSMD have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FFOX or JSMD?

JSMD has higher volatility (6.01%) compared to FFOX (4.57%). In terms of maximum drawdown, FFOX dropped -12.41% vs JSMD's -38.98%.

Which ETF is better, FFOX or JSMD?

On 1-year performance, JSMD leads with 22.75% vs 15.18% for FFOX. On fees, JSMD is cheaper at 0.30% per year. On volatility, FFOX has been the lower-risk option at 4.57%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FFOX or JSMD?

Over the 1-year period, JSMD has performed better with a 22.75% return vs 15.18%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FFOX or JSMD?

JSMD is cheaper with a 0.30% expense ratio, compared with 1.02% for FFOX.

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

FFOX has the higher dividend yield at 1.69%, compared with 0.43% for JSMD.

What is the main difference between FFOX and JSMD?

They also come from different issuers: FundX and Janus Henderson. Their fees differ too: 1.02% for FFOX and 0.30% for JSMD.

Which has better risk-adjusted returns?

JSMD currently has the higher Sharpe Ratio (1.03 vs 0.86), 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.