JABS vs. JSMD
JABS (Janus Henderson Asset-Backed Securities ETF) and JSMD (Janus Henderson Small/Mid Cap Growth Alpha ETF) are both exchange-traded funds - JABS is a Short-Term Bond fund actively managed by Janus Henderson, while JSMD is a Mid Cap Growth Equities fund tracking the Janus Small Mid Cap Growth Alpha Index. JABS is actively managed, while JSMD is passively managed. At a 0.14 correlation, their price movements are largely independent. JABS charges 0.33%/yr vs 0.30%/yr for JSMD.
Performance
JABS vs. JSMD - Performance Comparison
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Returns By Period
In the year-to-date period, JABS achieves a 1.82% return, which is significantly lower than JSMD's 17.41% return.
JABS
- 1D
- 0.13%
- 1M
- 0.20%
- 6M
- 1.84%
- YTD
- 1.82%
- 1Y
- —
- 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%
JABS vs. JSMD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
JABS Janus Henderson Asset-Backed Securities ETF | 1.82% | 2.49% |
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF | 17.41% | 4.27% |
Correlation
The correlation between JABS and JSMD is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 23, 2025 | 0.14 |
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Return for Risk
JABS vs. JSMD — Risk / Return Rank
JABS
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
JSMD
JABS vs. JSMD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Asset-Backed Securities ETF (JABS) 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.
| JABS | JSMD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.19 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.54 | — |
| Martin ratioReturn relative to average drawdown | — | 5.12 | — |
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Drawdowns
JABS vs. JSMD - Drawdown Comparison
The maximum JABS drawdown since its inception was -0.97%, smaller than the maximum JSMD drawdown of -38.98%. Use the drawdown chart below to compare losses from any high point for JABS and JSMD.
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Drawdown Indicators
| JABS | JSMD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.97% | -38.98% | +38.01% |
Max Drawdown (1Y)Largest decline over 1 year | — | -14.86% | — |
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 DrawdownCurrent decline from peak | 0.00% | -5.59% | +5.59% |
Average DrawdownAverage peak-to-trough decline | -0.17% | -7.42% | +7.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 4.45% | — |
Volatility
JABS vs. JSMD - Volatility Comparison
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Volatility by Period
| JABS | JSMD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 6.01% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 17.49% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 1.96% | 22.16% | -20.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.96% | 23.09% | -21.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.96% | 22.80% | -20.84% |
JABS vs. JSMD - Expense Ratio Comparison
JABS has a 0.33% expense ratio, which is higher than JSMD's 0.30% expense ratio.
Dividends
JABS vs. JSMD - Dividend Comparison
JABS's dividend yield for the trailing twelve months is around 4.58%, more than JSMD's 0.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
JABS Janus Henderson Asset-Backed Securities ETF | 4.58% | 2.19% | 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
JABS and JSMD have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JSMD is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JSMD is cheaper with a 0.30% expense ratio, compared with 0.33% for JABS.
JABS has the higher dividend yield at 4.58%, compared with 0.43% for JSMD.
JABS is categorized as Short-Term Bond, while JSMD is Mid Cap Growth Equities. Their fees differ too: 0.33% for JABS and 0.30% for JSMD.
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