JMID vs. IVOG

Last updated Jul 12, 2026

JMID (Janus Henderson Mid Cap Growth Alpha ETF) and IVOG (Vanguard S&P Mid-Cap 400 Growth ETF) are both Mid Cap Growth Equities funds. JMID is actively managed, while IVOG is passively managed. Over the past year, JMID returned 9.33% vs 24.60% for IVOG. Their correlation of 0.90 suggests significant overlap in exposure. JMID charges 0.30%/yr vs 0.10%/yr for IVOG.

Performance

JMID vs. IVOG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Janus Henderson Mid Cap Growth Alpha ETF (JMID) and Vanguard S&P Mid-Cap 400 Growth ETF (IVOG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JMID achieves a 7.80% return, which is significantly lower than IVOG's 18.20% return.

JMID

• 1D: -0.68%
• 1M: 0.05%
• 6M: 4.54%
• YTD: 7.80%
• 1Y: 9.33%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IVOG

• 1D: -0.53%
• 1M: -0.61%
• 6M: 12.82%
• YTD: 18.20%
• 1Y: 24.60%
• 3Y*: 15.41%
• 5Y*: 7.98%
• 10Y*: 11.17%

*Multi-year figures are annualized to reflect compound growth (CAGR)

JMID vs. IVOG - Yearly Performance Comparison

	2026 (YTD)	2025	2024
JMID Janus Henderson Mid Cap Growth Alpha ETF	7.80%	5.56%	11.33%
IVOG Vanguard S&P Mid-Cap 400 Growth ETF	18.20%	7.34%	0.59%

Correlation

The correlation between JMID and IVOG is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.90
Correlation (All Time) Calculated using the full available price history since Sep 18, 2024	0.90

The correlation between JMID and IVOG has been stable across timeframes, ranging from 0.90 to 0.90 - a consistent structural relationship.

Return for Risk

JMID vs. IVOG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JMID

JMID Risk / Return Rank: 19
JMID Sharpe Ratio Rank: 18
JMID Sortino Ratio Rank: 18
JMID Omega Ratio Rank: 17
JMID Calmar Ratio Rank: 21
JMID Martin Ratio Rank: 24

IVOG

IVOG Risk / Return Rank: 53
IVOG Sharpe Ratio Rank: 47
IVOG Sortino Ratio Rank: 48
IVOG Omega Ratio Rank: 44
IVOG Calmar Ratio Rank: 61
IVOG Martin Ratio Rank: 65

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

JMID vs. IVOG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Mid Cap Growth Alpha ETF (JMID) and Vanguard S&P Mid-Cap 400 Growth ETF (IVOG). 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.

	JMID	IVOG	Difference
Sharpe ratio: Return per unit of total volatility	0.47	1.32	-0.84
Sortino ratio: Return per unit of downside risk	0.79	1.95	-1.16
Omega ratio: Gain probability vs. loss probability	1.09	1.23	-0.14
Calmar ratio: Return relative to maximum drawdown	0.75	2.43	-1.68
Martin ratio: Return relative to average drawdown	2.42	9.32	-6.90

JMID vs. IVOG - Sharpe Ratio Comparison

The current JMID Sharpe Ratio is 0.47, which is lower than the IVOG Sharpe Ratio of 1.32. The chart below compares the historical Sharpe Ratios of JMID and IVOG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

JMID vs. IVOG - Drawdown Comparison

The maximum JMID drawdown since its inception was -25.58%, smaller than the maximum IVOG drawdown of -39.32%. Use the drawdown chart below to compare losses from any high point for JMID and IVOG.

Drawdown Indicators

	JMID	IVOG	Difference
Max Drawdown Largest peak-to-trough decline	-25.58%	-39.32%	+13.74%
Max Drawdown (1Y) Largest decline over 1 year	-10.82%	-9.69%	-1.13%
Max Drawdown (3Y) Largest decline over 3 years	—	-25.61%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-29.31%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-39.32%	—
Current Drawdown Current decline from peak	-2.68%	-2.88%	+0.20%
Average Drawdown Average peak-to-trough decline	-4.48%	-5.85%	+1.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.35%	2.52%	+0.83%

Volatility

JMID vs. IVOG - Volatility Comparison

Janus Henderson Mid Cap Growth Alpha ETF (JMID) and Vanguard S&P Mid-Cap 400 Growth ETF (IVOG) have volatilities of 5.66% and 5.76%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JMID	IVOG	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.66%	5.76%	-0.10%
Volatility (6M) Calculated over the trailing 6-month period	13.56%	13.88%	-0.32%
Volatility (1Y) Calculated over the trailing 1-year period	17.14%	17.86%	-0.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.46%	20.72%	+0.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.46%	20.58%	+0.88%

JMID vs. IVOG - Expense Ratio Comparison

JMID has a 0.30% expense ratio, which is higher than IVOG's 0.10% expense ratio.

Dividends

JMID vs. IVOG - Dividend Comparison

JMID's dividend yield for the trailing twelve months is around 0.57%, more than IVOG's 0.55% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IVOG Vanguard S&P Mid-Cap 400 Growth ETF	0.55%	0.64%	0.79%	1.15%	1.05%	0.47%	0.74%	1.17%	1.01%	0.93%	1.11%	1.04%
JMID Janus Henderson Mid Cap Growth Alpha ETF	0.57%	0.75%	0.10%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JMID and IVOG in my portfolio?

With a correlation of 0.90, JMID and IVOG move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, JMID or IVOG?

IVOG has higher volatility (5.76%) compared to JMID (5.66%). In terms of maximum drawdown, JMID dropped -25.58% vs IVOG's -39.32%.

Which ETF is better, JMID or IVOG?

On 1-year performance, IVOG leads with 24.60% vs 9.33% for JMID. On fees, IVOG is cheaper at 0.10% per year. On volatility, JMID has been the lower-risk option at 5.66%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JMID or IVOG?

Over the 1-year period, IVOG has performed better with a 24.60% return vs 9.33%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JMID or IVOG?

IVOG is cheaper with a 0.10% expense ratio, compared with 0.30% for JMID.

Which ETF pays a higher dividend yield, JMID or IVOG?

JMID has the higher dividend yield at 0.57%, compared with 0.55% for IVOG.

What is the main difference between JMID and IVOG?

They also come from different issuers: Janus Henderson and Vanguard. Their fees differ too: 0.30% for JMID and 0.10% for IVOG.

Which has better risk-adjusted returns?

IVOG currently has the higher Sharpe Ratio (1.32 vs 0.47), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.