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.
Performance
JANEX vs. JSMD - Performance Comparison
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JANEX vs. JSMD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JANEX Janus Henderson Enterprise Fund | -8.45% | 7.64% | 15.25% | 17.99% | -16.03% | 17.02% | 20.38% | 35.22% | -0.95% | 26.36% |
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF | -2.61% | 9.25% | 15.08% | 26.81% | -22.84% | 8.40% | 30.79% | 31.05% | -4.73% | 24.46% |
Returns By Period
In the year-to-date period, JANEX achieves a -8.45% return, which is significantly lower than JSMD's -2.61% return. Over the past 10 years, JANEX has underperformed JSMD with an annualized return of 11.25%, while JSMD has yielded a comparatively higher 11.87% annualized return.
JANEX
- 1D
- -0.36%
- 1M
- -8.30%
- YTD
- -8.45%
- 6M
- -6.83%
- 1Y
- 2.68%
- 3Y*
- 7.30%
- 5Y*
- 4.65%
- 10Y*
- 11.25%
JSMD
- 1D
- 5.07%
- 1M
- -6.84%
- YTD
- -2.61%
- 6M
- -4.86%
- 1Y
- 14.01%
- 3Y*
- 12.89%
- 5Y*
- 3.69%
- 10Y*
- 11.87%
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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.
Return for Risk
JANEX vs. JSMD — Risk / Return Rank
JANEX
JSMD
JANEX vs. JSMD - Risk-Adjusted Trends 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.
| JANEX | JSMD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.15 | 0.57 | -0.42 |
Sortino ratioReturn per unit of downside risk | 0.35 | 0.96 | -0.62 |
Omega ratioGain probability vs. loss probability | 1.05 | 1.12 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 0.11 | 1.05 | -0.94 |
Martin ratioReturn relative to average drawdown | 0.39 | 3.43 | -3.04 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| JANEX | JSMD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.15 | 0.57 | -0.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.27 | 0.16 | +0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | 0.53 | +0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.55 | -0.13 |
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.
Dividends
JANEX vs. JSMD - Dividend Comparison
JANEX's dividend yield for the trailing twelve months is around 8.20%, more than JSMD's 0.57% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JANEX Janus Henderson Enterprise Fund | 8.20% | 7.51% | 7.00% | 7.52% | 10.51% | 15.98% | 8.46% | 4.45% | 6.38% | 1.78% | 1.64% | 3.64% |
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF | 0.57% | 0.54% | 0.76% | 0.44% | 0.40% | 0.28% | 0.24% | 0.32% | 0.53% | 0.30% | 0.36% | 0.00% |
Drawdowns
JANEX vs. JSMD - Drawdown Comparison
The maximum JANEX drawdown since its inception was -79.85%, which is greater than JSMD's maximum drawdown of -38.98%. Use the drawdown chart below to compare losses from any high point for JANEX and JSMD.
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Drawdown Indicators
| JANEX | JSMD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.85% | -38.98% | -40.87% |
Max Drawdown (1Y)Largest decline over 1 year | -12.56% | -14.86% | +2.30% |
Max Drawdown (5Y)Largest decline over 5 years | -24.24% | -32.18% | +7.94% |
Max Drawdown (10Y)Largest decline over 10 years | -38.24% | -38.98% | +0.74% |
Current DrawdownCurrent decline from peak | -11.40% | -10.53% | -0.87% |
Average DrawdownAverage peak-to-trough decline | -25.23% | -7.58% | -17.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.55% | 4.56% | -1.01% |
Volatility
JANEX vs. JSMD - Volatility Comparison
The current volatility for Janus Henderson Enterprise Fund (JANEX) is 4.44%, while Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD) has a volatility of 9.67%. 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.
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Volatility by Period
| JANEX | JSMD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.44% | 9.67% | -5.23% |
Volatility (6M)Calculated over the trailing 6-month period | 10.12% | 16.69% | -6.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.51% | 24.54% | -6.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.58% | 22.67% | -5.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.65% | 22.64% | -3.99% |