JANEX vs. JSMD
Compare and contrast key facts about Janus Henderson Enterprise Fund (JANEX) and Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD).
JANEX is managed by Janus Henderson. It was launched on Sep 1, 1992. JSMD is a passively managed fund by Janus Henderson that tracks the performance of the Janus Small Mid Cap Growth Alpha Index. It was launched on Feb 25, 2016.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JANEX or JSMD.
Key characteristics
| JANEX | JSMD | |
|---|---|---|
| YTD Return | 18.92% | 22.39% |
| 1Y Return | 24.62% | 42.47% |
| 3Y Return (Ann) | -5.59% | 4.94% |
| 5Y Return (Ann) | 1.87% | 12.42% |
| Sharpe Ratio | 1.69 | 2.26 |
| Sortino Ratio | 2.18 | 3.21 |
| Omega Ratio | 1.32 | 1.39 |
| Calmar Ratio | 0.73 | 2.19 |
| Martin Ratio | 10.05 | 12.91 |
| Ulcer Index | 2.45% | 3.27% |
| Daily Std Dev | 14.59% | 18.71% |
| Max Drawdown | -38.24% | -38.98% |
| Current Drawdown | -16.23% | -1.02% |
Correlation
The correlation between JANEX and JSMD is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
JANEX vs. JSMD - Performance Comparison
In the year-to-date period, JANEX achieves a 18.92% return, which is significantly lower than JSMD's 22.39% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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JANEX vs. JSMD - Expense Ratio Comparison
JANEX has a 0.79% expense ratio, which is higher than JSMD's 0.30% expense ratio.
Risk-Adjusted Performance
JANEX vs. JSMD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Enterprise Fund (JANEX) 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.
Dividends
JANEX vs. JSMD - Dividend Comparison
JANEX has not paid dividends to shareholders, while JSMD's dividend yield for the trailing twelve months is around 0.33%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JANEX Janus Henderson Enterprise Fund | 0.00% | 0.00% | 0.00% | 0.33% | 0.30% | 0.11% | 0.17% | 0.09% | 0.09% | 0.28% | 0.03% | 0.14% |
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF | 0.33% | 0.44% | 0.40% | 0.28% | 0.24% | 0.32% | 0.53% | 0.30% | 0.37% | 0.00% | 0.00% | 0.00% |
Drawdowns
JANEX vs. JSMD - Drawdown Comparison
The maximum JANEX drawdown since its inception was -38.24%, roughly equal to the maximum JSMD drawdown of -38.98%. Use the drawdown chart below to compare losses from any high point for JANEX and JSMD. For additional features, visit the drawdowns tool.
Volatility
JANEX vs. JSMD - Volatility Comparison
The current volatility for Janus Henderson Enterprise Fund (JANEX) is 3.42%, while Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD) has a volatility of 6.07%. This indicates that JANEX 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.