JMGRX vs. SSMHX
Compare and contrast key facts about Janus Enterprise Fund Class I (JMGRX) and State Street Small/Mid Cap Equity Index Portfolio (SSMHX).
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. SSMHX is managed by State Street. It was launched on Aug 11, 2015.
Performance
JMGRX vs. SSMHX - Performance Comparison
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JMGRX vs. SSMHX - 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% |
SSMHX State Street Small/Mid Cap Equity Index Portfolio | -4.45% | 12.90% | 10.73% | 25.21% | -25.43% | 13.08% | 32.46% | 28.00% | -9.21% | 18.26% |
Returns By Period
In the year-to-date period, JMGRX achieves a -8.45% return, which is significantly lower than SSMHX's -4.45% return. Over the past 10 years, JMGRX has outperformed SSMHX with an annualized return of 11.30%, while SSMHX has yielded a comparatively lower 10.38% 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%
SSMHX
- 1D
- -0.92%
- 1M
- -8.01%
- YTD
- -4.45%
- 6M
- -3.94%
- 1Y
- 17.75%
- 3Y*
- 12.19%
- 5Y*
- 3.29%
- 10Y*
- 10.38%
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JMGRX vs. SSMHX - Expense Ratio Comparison
JMGRX has a 0.76% expense ratio, which is higher than SSMHX's 0.02% expense ratio.
Return for Risk
JMGRX vs. SSMHX — Risk / Return Rank
JMGRX
SSMHX
JMGRX vs. SSMHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Janus Enterprise Fund Class I (JMGRX) and State Street Small/Mid Cap Equity Index Portfolio (SSMHX). 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 | SSMHX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.15 | 0.78 | -0.62 |
Sortino ratioReturn per unit of downside risk | 0.35 | 1.23 | -0.88 |
Omega ratioGain probability vs. loss probability | 1.05 | 1.17 | -0.12 |
Calmar ratioReturn relative to maximum drawdown | 0.11 | 1.02 | -0.91 |
Martin ratioReturn relative to average drawdown | 0.39 | 4.33 | -3.94 |
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 | SSMHX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.15 | 0.78 | -0.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.27 | 0.15 | +0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | 0.47 | +0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.40 | +0.17 |
Correlation
The correlation between JMGRX and SSMHX is 0.92, 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. SSMHX - Dividend Comparison
JMGRX's dividend yield for the trailing twelve months is around 8.15%, more than SSMHX's 7.46% 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% |
SSMHX State Street Small/Mid Cap Equity Index Portfolio | 7.46% | 7.12% | 0.00% | 1.56% | 2.31% | 16.30% | 2.91% | 3.65% | 6.43% | 4.01% | 1.71% | 0.73% |
Drawdowns
JMGRX vs. SSMHX - Drawdown Comparison
The maximum JMGRX drawdown since its inception was -55.48%, which is greater than SSMHX's maximum drawdown of -41.61%. Use the drawdown chart below to compare losses from any high point for JMGRX and SSMHX.
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Drawdown Indicators
| JMGRX | SSMHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.48% | -41.61% | -13.87% |
Max Drawdown (1Y)Largest decline over 1 year | -12.56% | -14.48% | +1.92% |
Max Drawdown (5Y)Largest decline over 5 years | -24.21% | -34.84% | +10.63% |
Max Drawdown (10Y)Largest decline over 10 years | -38.25% | -41.61% | +3.36% |
Current DrawdownCurrent decline from peak | -11.39% | -10.03% | -1.36% |
Average DrawdownAverage peak-to-trough decline | -5.75% | -9.27% | +3.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.55% | 3.41% | +0.14% |
Volatility
JMGRX vs. SSMHX - Volatility Comparison
The current volatility for Janus Enterprise Fund Class I (JMGRX) is 4.44%, while State Street Small/Mid Cap Equity Index Portfolio (SSMHX) has a volatility of 5.96%. This indicates that JMGRX experiences smaller price fluctuations and is considered to be less risky than SSMHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JMGRX | SSMHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.44% | 5.96% | -1.52% |
Volatility (6M)Calculated over the trailing 6-month period | 10.12% | 12.78% | -2.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.50% | 22.45% | -3.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.58% | 22.38% | -4.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.65% | 22.33% | -3.68% |