JMGRX vs. SPMD
Compare and contrast key facts about Janus Enterprise Fund Class I (JMGRX) and SPDR Portfolio S&P 400 Mid Cap ETF (SPMD).
JMGRX is a passively managed fund by Janus Henderson that tracks the performance of the Russell Midcap® Growth Index. It was launched on Sep 1, 1992. SPMD is a passively managed fund by State Street that tracks the performance of the S&P MidCap 400 Index. It was launched on Nov 8, 2005. Both JMGRX and SPMD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
JMGRX vs. SPMD - Performance Comparison
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JMGRX vs. SPMD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JMGRX Janus Enterprise Fund Class I | -8.45% | 7.66% | 15.28% | 18.03% | -15.99% | 17.07% | 20.43% | 35.28% | -0.88% | 26.36% |
SPMD SPDR Portfolio S&P 400 Mid Cap ETF | 2.59% | 7.44% | 13.91% | 16.48% | -13.13% | 24.76% | 13.46% | 25.19% | -10.34% | 15.12% |
Returns By Period
In the year-to-date period, JMGRX achieves a -8.45% return, which is significantly lower than SPMD's 2.59% return. Over the past 10 years, JMGRX has outperformed SPMD with an annualized return of 11.30%, while SPMD has yielded a comparatively lower 10.73% annualized return.
JMGRX
- 1D
- -0.36%
- 1M
- -8.30%
- YTD
- -8.45%
- 6M
- -6.83%
- 1Y
- 2.70%
- 3Y*
- 7.32%
- 5Y*
- 4.69%
- 10Y*
- 11.30%
SPMD
- 1D
- 2.99%
- 1M
- -5.29%
- YTD
- 2.59%
- 6M
- 4.27%
- 1Y
- 17.37%
- 3Y*
- 12.11%
- 5Y*
- 6.60%
- 10Y*
- 10.73%
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JMGRX vs. SPMD - Expense Ratio Comparison
JMGRX has a 0.76% expense ratio, which is higher than SPMD's 0.05% expense ratio.
Return for Risk
JMGRX vs. SPMD — Risk / Return Rank
JMGRX
SPMD
JMGRX vs. SPMD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Janus Enterprise Fund Class I (JMGRX) and SPDR Portfolio S&P 400 Mid Cap ETF (SPMD). 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.
| JMGRX | SPMD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.15 | 0.83 | -0.67 |
Sortino ratioReturn per unit of downside risk | 0.35 | 1.30 | -0.95 |
Omega ratioGain probability vs. loss probability | 1.05 | 1.18 | -0.13 |
Calmar ratioReturn relative to maximum drawdown | 0.11 | 1.25 | -1.14 |
Martin ratioReturn relative to average drawdown | 0.39 | 5.41 | -5.02 |
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
| JMGRX | SPMD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.15 | 0.83 | -0.67 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.27 | 0.34 | -0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | 0.51 | +0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.43 | +0.14 |
Correlation
The correlation between JMGRX and SPMD 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
JMGRX vs. SPMD - Dividend Comparison
JMGRX's dividend yield for the trailing twelve months is around 8.15%, more than SPMD's 1.37% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JMGRX Janus Enterprise Fund Class I | 8.15% | 7.46% | 6.97% | 7.46% | 10.42% | 15.91% | 8.44% | 4.47% | 6.42% | 1.77% | 1.81% | 3.63% |
SPMD SPDR Portfolio S&P 400 Mid Cap ETF | 1.37% | 1.39% | 1.42% | 1.47% | 1.64% | 1.24% | 1.30% | 1.57% | 1.85% | 1.97% | 2.13% | 5.33% |
Drawdowns
JMGRX vs. SPMD - Drawdown Comparison
The maximum JMGRX drawdown since its inception was -55.48%, roughly equal to the maximum SPMD drawdown of -57.62%. Use the drawdown chart below to compare losses from any high point for JMGRX and SPMD.
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Drawdown Indicators
| JMGRX | SPMD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.48% | -57.62% | +2.14% |
Max Drawdown (1Y)Largest decline over 1 year | -12.56% | -14.12% | +1.56% |
Max Drawdown (5Y)Largest decline over 5 years | -24.21% | -24.08% | -0.13% |
Max Drawdown (10Y)Largest decline over 10 years | -38.25% | -41.86% | +3.61% |
Current DrawdownCurrent decline from peak | -11.39% | -6.13% | -5.26% |
Average DrawdownAverage peak-to-trough decline | -5.75% | -8.18% | +2.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.55% | 3.27% | +0.28% |
Volatility
JMGRX vs. SPMD - Volatility Comparison
The current volatility for Janus Enterprise Fund Class I (JMGRX) is 4.44%, while SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) has a volatility of 6.56%. This indicates that JMGRX experiences smaller price fluctuations and is considered to be less risky than SPMD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JMGRX | SPMD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.44% | 6.56% | -2.12% |
Volatility (6M)Calculated over the trailing 6-month period | 10.12% | 11.95% | -1.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.50% | 21.11% | -2.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.58% | 19.71% | -2.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.65% | 21.18% | -2.53% |