JMID vs. JXX

Last updated Jun 6, 2026

JMID (Janus Henderson Mid Cap Growth Alpha ETF) and JXX (Janus Henderson Transformational Growth ETF) are both exchange-traded funds - JMID is a Mid Cap Growth Equities fund actively managed by Janus Henderson, while JXX is a Large Cap Growth Equities fund actively managed by Janus Henderson. Both are actively managed. Over the past year, JMID returned 12.39% vs 32.02% for JXX. A 0.76 correlation means they provide meaningful diversification when combined. JMID charges 0.30%/yr vs 0.57%/yr for JXX.

Performance

JMID vs. JXX - Performance Comparison

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

Returns By Period

In the year-to-date period, JMID achieves a 7.76% return, which is significantly lower than JXX's 13.01% return.

JMID

• 1D: -2.45%
• 1M: 0.15%
• YTD: 7.76%
• 6M: 6.12%
• 1Y: 12.39%
• 3Y*: —
• 5Y*: —
• 10Y*: —

JXX

• 1D: -4.80%
• 1M: 2.39%
• YTD: 13.01%
• 6M: 12.14%
• 1Y: 32.02%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JMID vs. JXX - Yearly Performance Comparison

	2026 (YTD)	2025
JMID Janus Henderson Mid Cap Growth Alpha ETF	7.76%	-1.18%
JXX Janus Henderson Transformational Growth ETF	13.01%	10.47%

Correlation

The correlation between JMID and JXX is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.72
Correlation (All Time) Calculated using the full available price history since Feb 6, 2025	0.76

The correlation between JMID and JXX has been stable across timeframes, ranging from 0.72 to 0.76 - a consistent structural relationship.

Return for Risk

JMID vs. JXX — Risk / Return Rank

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

JMID

JMID Risk / Return Rank: 24
JMID Sharpe Ratio Rank: 23
JMID Sortino Ratio Rank: 23
JMID Omega Ratio Rank: 22
JMID Calmar Ratio Rank: 26
JMID Martin Ratio Rank: 29

JXX

JXX Risk / Return Rank: 43
JXX Sharpe Ratio Rank: 48
JXX Sortino Ratio Rank: 46
JXX Omega Ratio Rank: 45
JXX Calmar Ratio Rank: 38
JXX Martin Ratio Rank: 40

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. JXX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Mid Cap Growth Alpha ETF (JMID) and Janus Henderson Transformational Growth ETF (JXX). 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.

	JMID	JXX	Difference
Sharpe ratio: Return per unit of total volatility	0.74	1.55	-0.80
Sortino ratio: Return per unit of downside risk	1.16	2.12	-0.96
Omega ratio: Gain probability vs. loss probability	1.13	1.27	-0.13
Calmar ratio: Return relative to maximum drawdown	1.15	1.78	-0.63
Martin ratio: Return relative to average drawdown	3.86	5.79	-1.93
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JMID vs. JXX - Sharpe Ratio Comparison

The current JMID Sharpe Ratio is 0.74, which is lower than the JXX Sharpe Ratio of 1.55. The chart below compares the historical Sharpe Ratios of JMID and JXX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	JMID	JXX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.74	1.55	-0.80
Sharpe Ratio (All Time) Calculated using the full available price history	0.69	0.74	-0.05

Drawdowns

JMID vs. JXX - Drawdown Comparison

The maximum JMID drawdown since its inception was -25.58%, which is greater than JXX's maximum drawdown of -23.73%. Use the drawdown chart below to compare losses from any high point for JMID and JXX.

Drawdown Indicators

	JMID	JXX	Difference
Max Drawdown Largest peak-to-trough decline	-25.58%	-23.73%	-1.85%
Max Drawdown (1Y) Largest decline over 1 year	-10.82%	-18.02%	+7.20%
Current Drawdown Current decline from peak	-2.72%	-5.86%	+3.14%
Average Drawdown Average peak-to-trough decline	-4.57%	-5.46%	+0.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.22%	5.55%	-2.33%

Volatility

JMID vs. JXX - Volatility Comparison

The current volatility for Janus Henderson Mid Cap Growth Alpha ETF (JMID) is 4.73%, while Janus Henderson Transformational Growth ETF (JXX) has a volatility of 7.92%. This indicates that JMID experiences smaller price fluctuations and is considered to be less risky than JXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JMID	JXX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.73%	7.92%	-3.19%
Volatility (6M) Calculated over the trailing 6-month period	12.93%	16.40%	-3.47%
Volatility (1Y) Calculated over the trailing 1-year period	16.74%	20.80%	-4.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.64%	24.62%	-2.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.64%	24.62%	-2.98%

JMID vs. JXX - Expense Ratio Comparison

JMID has a 0.30% expense ratio, which is lower than JXX's 0.57% expense ratio.

Dividends

JMID vs. JXX - Dividend Comparison

JMID's dividend yield for the trailing twelve months is around 0.65%, more than JXX's 0.01% yield.

Position	TTM	2025	2024
JMID Janus Henderson Mid Cap Growth Alpha ETF	0.65%	0.75%	0.10%
JXX Janus Henderson Transformational Growth ETF	0.01%	0.04%	0.00%

Frequently Asked Questions

Can I hold both JMID and JXX in my portfolio?

JMID and JXX have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JMID or JXX?

JXX has higher volatility (7.92%) compared to JMID (4.73%). In terms of maximum drawdown, JMID dropped -25.58% vs JXX's -23.73%.

Which ETF is better, JMID or JXX?

On 1-year performance, JXX leads with 32.02% vs 12.39% for JMID. On fees, JMID is cheaper at 0.30% per year. On volatility, JMID has been the lower-risk option at 4.73%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JMID or JXX?

Over the 1-year period, JXX has performed better with a 32.02% return vs 12.39%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JMID or JXX?

JMID is cheaper with a 0.30% expense ratio, compared with 0.57% for JXX.

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

JMID has the higher dividend yield at 0.65%, compared with 0.01% for JXX.

What is the main difference between JMID and JXX?

JMID is categorized as Mid Cap Growth Equities, while JXX is Large Cap Growth Equities. Their fees differ too: 0.30% for JMID and 0.57% for JXX.

Which has better risk-adjusted returns?

JXX currently has the higher Sharpe Ratio (1.55 vs 0.74), 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.