JSMD vs. IBID
JSMD (Janus Henderson Small/Mid Cap Growth Alpha ETF) and IBID (iShares iBonds Oct 2027 Term TIPS ETF) are both exchange-traded funds - JSMD is a Mid Cap Growth Equities fund tracking the Janus Small Mid Cap Growth Alpha Index, while IBID is a Inflation-Protected Bonds fund tracking the ICE 2027 Maturity US Inflation-Linked Treasury Index. Both are passively managed. Over the past year, JSMD returned 31.78% vs 4.04% for IBID. At a 0.01 correlation, their price movements are largely independent. JSMD charges 0.30%/yr vs 0.10%/yr for IBID.
Performance
JSMD vs. IBID - Performance Comparison
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Returns By Period
In the year-to-date period, JSMD achieves a 21.03% return, which is significantly higher than IBID's 1.99% return.
JSMD
- 1D
- 0.59%
- 1M
- 5.82%
- YTD
- 21.03%
- 6M
- 17.17%
- 1Y
- 31.78%
- 3Y*
- 19.09%
- 5Y*
- 8.61%
- 10Y*
- 14.05%
IBID
- 1D
- 0.00%
- 1M
- -0.19%
- YTD
- 1.99%
- 6M
- 2.08%
- 1Y
- 4.04%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JSMD vs. IBID - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF | 21.03% | 9.25% | 15.08% | 9.24% |
IBID iShares iBonds Oct 2027 Term TIPS ETF | 1.99% | 5.66% | 4.71% | 2.61% |
Correlation
The correlation between JSMD and IBID is -0.19, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.19 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2023 | 0.01 |
The correlation between JSMD and IBID shifts across timeframes, from -0.19 (1 year) to 0.01 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
JSMD vs. IBID — Risk / Return Rank
JSMD
IBID
JSMD vs. IBID - 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 iShares iBonds Oct 2027 Term TIPS ETF (IBID). 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.
| JSMD | IBID | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.82 | ||
| Sortino ratioReturn per unit of downside risk | -3.48 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.75 | -0.49 |
| Calmar ratioReturn relative to maximum drawdown | 2.15 | 8.22 | -6.07 |
| Martin ratioReturn relative to average drawdown | 7.27 | 30.99 | -23.72 |
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Drawdowns
JSMD vs. IBID - Drawdown Comparison
The maximum JSMD drawdown since its inception was -38.98%, which is greater than IBID's maximum drawdown of -1.28%. Use the drawdown chart below to compare losses from any high point for JSMD and IBID.
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Drawdown Indicators
| JSMD | IBID | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.98% | -1.28% | -37.70% |
Max Drawdown (1Y)Largest decline over 1 year | -14.86% | -0.49% | -14.37% |
Max Drawdown (3Y)Largest decline over 3 years | -24.01% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -32.18% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -38.98% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.49% | +0.49% |
Average DrawdownAverage peak-to-trough decline | -7.45% | -0.22% | -7.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.38% | 0.13% | +4.25% |
Volatility
JSMD vs. IBID - Volatility Comparison
Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD) has a higher volatility of 7.24% compared to iShares iBonds Oct 2027 Term TIPS ETF (IBID) at 0.35%. This indicates that JSMD's price experiences larger fluctuations and is considered to be riskier than IBID based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JSMD | IBID | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.24% | 0.35% | +6.89% |
Volatility (6M)Calculated over the trailing 6-month period | 16.99% | 0.86% | +16.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.78% | 1.23% | +20.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.00% | 2.24% | +20.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.83% | 2.24% | +20.59% |
JSMD vs. IBID - Expense Ratio Comparison
JSMD has a 0.30% expense ratio, which is higher than IBID's 0.10% expense ratio.
Dividends
JSMD vs. IBID - Dividend Comparison
JSMD's dividend yield for the trailing twelve months is around 0.46%, less than IBID's 3.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
IBID iShares iBonds Oct 2027 Term TIPS ETF | 3.68% | 4.43% | 4.24% | 0.81% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF | 0.46% | 0.54% | 0.76% | 0.44% | 0.40% | 0.28% | 0.24% | 0.32% | 0.53% | 0.30% | 0.36% |
Frequently Asked Questions
JSMD and IBID have a correlation of -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JSMD has higher volatility (7.24%) compared to IBID (0.35%). In terms of maximum drawdown, JSMD dropped -38.98% vs IBID's -1.28%.
On 1-year performance, JSMD leads with 31.78% vs 4.04% for IBID. On fees, IBID is cheaper at 0.10% per year. On volatility, IBID has been the lower-risk option at 0.35%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, JSMD has performed better with a 31.78% return vs 4.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBID is cheaper with a 0.10% expense ratio, compared with 0.30% for JSMD.
IBID has the higher dividend yield at 3.68%, compared with 0.46% for JSMD.
JSMD is categorized as Mid Cap Growth Equities, while IBID is Inflation-Protected Bonds. JSMD tracks Janus Small Mid Cap Growth Alpha Index, while IBID tracks ICE 2027 Maturity US Inflation-Linked Treasury Index. They also come from different issuers: Janus Henderson and iShares. Their fees differ too: 0.30% for JSMD and 0.10% for IBID.
IBID currently has the higher Sharpe Ratio (3.29 vs 1.47), 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.
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