JSMD vs. BKIE

Last updated Jun 9, 2026

JSMD (Janus Henderson Small/Mid Cap Growth Alpha ETF) and BKIE (BNY Mellon International Equity ETF) are both exchange-traded funds - JSMD is a Mid Cap Growth Equities fund tracking the Janus Small Mid Cap Growth Alpha Index, while BKIE is a Foreign Large Cap Equities fund tracking the Morningstar Developed Markets ex-US Large Cap Index. Both are passively managed. Over the past 5 years, JSMD returned 7.35%/yr vs 8.82%/yr for BKIE. A 0.72 correlation means they provide meaningful diversification when combined. JSMD charges 0.30%/yr vs 0.04%/yr for BKIE.

Performance

JSMD vs. BKIE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD) and BNY Mellon International Equity ETF (BKIE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JSMD achieves a 15.35% return, which is significantly higher than BKIE's 7.27% return.

JSMD

• 1D: 0.70%
• 1M: 1.65%
• YTD: 15.35%
• 6M: 12.87%
• 1Y: 23.66%
• 3Y*: 17.18%
• 5Y*: 7.35%
• 10Y*: 13.27%

BKIE

• 1D: 0.63%
• 1M: -0.95%
• YTD: 7.27%
• 6M: 9.96%
• 1Y: 20.75%
• 3Y*: 16.78%
• 5Y*: 8.82%
• 10Y*: —

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

JSMD vs. BKIE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF	15.35%	9.25%	15.08%	26.81%	-22.84%	8.40%	60.91%
BKIE BNY Mellon International Equity ETF	7.27%	32.08%	4.63%	18.25%	-13.60%	13.75%	34.17%

Correlation

The correlation between JSMD and BKIE 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 (3Y) Calculated over the trailing 3-year period	0.68
Correlation (5Y) Calculated over the trailing 5-year period	0.72
Correlation (All Time) Calculated using the full available price history since Apr 27, 2020	0.72

The correlation between JSMD and BKIE has been stable across timeframes, ranging from 0.68 to 0.72 - a consistent structural relationship.

JSMD vs. BKIE - Sectors Allocation Comparison

Sectors	JSMD	BKIE
Technology	24.9%	10.1%
Industrials	22.8%	18.6%
Healthcare	18.7%	9.1%
Consumer Cyclical	9.8%	7.3%
Financial Services	8.9%	25.8%
Communication Services	3.3%	4.2%
Real Estate	2.8%	2.0%
Basic Materials	2.6%	7.2%
Consumer Defensive	1.8%	6.2%
Energy	1.6%	5.9%
Utilities	-	3.7%

Return for Risk

JSMD vs. BKIE — Risk / Return Rank

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

JSMD

JSMD Risk / Return Rank: 34
JSMD Sharpe Ratio Rank: 33
JSMD Sortino Ratio Rank: 32
JSMD Omega Ratio Rank: 32
JSMD Calmar Ratio Rank: 36
JSMD Martin Ratio Rank: 38

BKIE

BKIE Risk / Return Rank: 44
BKIE Sharpe Ratio Rank: 44
BKIE Sortino Ratio Rank: 44
BKIE Omega Ratio Rank: 43
BKIE Calmar Ratio Rank: 41
BKIE Martin Ratio Rank: 47

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.

JSMD vs. BKIE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD) and BNY Mellon International Equity ETF (BKIE). 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.

	JSMD	BKIE	Difference
Sharpe ratio: Return per unit of total volatility	1.07	1.41	-0.33
Sortino ratio: Return per unit of downside risk	1.55	2.01	-0.45
Omega ratio: Gain probability vs. loss probability	1.20	1.25	-0.06
Calmar ratio: Return relative to maximum drawdown	1.60	1.83	-0.23
Martin ratio: Return relative to average drawdown	5.38	7.03	-1.65
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JSMD vs. BKIE - Sharpe Ratio Comparison

The current JSMD Sharpe Ratio is 1.07, which is comparable to the BKIE Sharpe Ratio of 1.41. The chart below compares the historical Sharpe Ratios of JSMD and BKIE, 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

	JSMD	BKIE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.07	1.41	-0.33
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.32	0.55	-0.23
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.58	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.63	0.90	-0.27

Drawdowns

JSMD vs. BKIE - Drawdown Comparison

The maximum JSMD drawdown since its inception was -38.98%, which is greater than BKIE's maximum drawdown of -28.19%. Use the drawdown chart below to compare losses from any high point for JSMD and BKIE.

Drawdown Indicators

	JSMD	BKIE	Difference
Max Drawdown Largest peak-to-trough decline	-38.98%	-28.19%	-10.79%
Max Drawdown (1Y) Largest decline over 1 year	-14.86%	-11.41%	-3.45%
Max Drawdown (3Y) Largest decline over 3 years	-24.01%	-13.19%	-10.82%
Max Drawdown (5Y) Largest decline over 5 years	-32.18%	-28.19%	-3.99%
Max Drawdown (10Y) Largest decline over 10 years	-38.98%	—	—
Current Drawdown Current decline from peak	-3.42%	-2.41%	-1.01%
Average Drawdown Average peak-to-trough decline	-7.48%	-4.97%	-2.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.41%	2.96%	+1.45%

Volatility

JSMD vs. BKIE - Volatility Comparison

Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD) has a higher volatility of 7.33% compared to BNY Mellon International Equity ETF (BKIE) at 4.17%. This indicates that JSMD's price experiences larger fluctuations and is considered to be riskier than BKIE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JSMD	BKIE	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.33%	4.17%	+3.16%
Volatility (6M) Calculated over the trailing 6-month period	16.77%	12.46%	+4.31%
Volatility (1Y) Calculated over the trailing 1-year period	22.16%	14.84%	+7.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.92%	16.16%	+6.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.80%	16.36%	+6.44%

JSMD vs. BKIE - Expense Ratio Comparison

JSMD has a 0.30% expense ratio, which is higher than BKIE's 0.04% expense ratio.

Dividends

JSMD vs. BKIE - Dividend Comparison

JSMD's dividend yield for the trailing twelve months is around 0.48%, less than BKIE's 3.30% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
BKIE BNY Mellon International Equity ETF	3.30%	3.12%	3.31%	2.88%	2.97%	2.58%	1.49%	0.00%	0.00%	0.00%	0.00%
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF	0.48%	0.54%	0.76%	0.44%	0.40%	0.28%	0.24%	0.32%	0.53%	0.30%	0.36%

Frequently Asked Questions

Can I hold both JSMD and BKIE in my portfolio?

JSMD and BKIE 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, JSMD or BKIE?

JSMD has higher volatility (7.33%) compared to BKIE (4.17%). In terms of maximum drawdown, JSMD dropped -38.98% vs BKIE's -28.19%.

Which ETF is better, JSMD or BKIE?

On 5-year performance, BKIE leads with 8.82% vs 7.35% for JSMD. On fees, BKIE is cheaper at 0.04% per year. On volatility, BKIE has been the lower-risk option at 4.17%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JSMD or BKIE?

Over the 5-year period, BKIE has performed better with a 8.82% return vs 7.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JSMD or BKIE?

BKIE is cheaper with a 0.04% expense ratio, compared with 0.30% for JSMD.

Which ETF pays a higher dividend yield, JSMD or BKIE?

BKIE has the higher dividend yield at 3.30%, compared with 0.48% for JSMD.

What is the main difference between JSMD and BKIE?

JSMD is categorized as Mid Cap Growth Equities, while BKIE is Foreign Large Cap Equities. JSMD tracks Janus Small Mid Cap Growth Alpha Index, while BKIE tracks Morningstar Developed Markets ex-US Large Cap Index. They also come from different issuers: Janus Henderson and BNY Mellon. Their fees differ too: 0.30% for JSMD and 0.04% for BKIE.

Which has better risk-adjusted returns?

BKIE currently has the higher Sharpe Ratio (1.41 vs 1.07), 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.