JSMD vs. JANEX
Compare and contrast key facts about Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD) and Janus Henderson Enterprise Fund (JANEX).
JSMD is a passively managed fund by Janus Henderson that tracks the performance of the Janus Small Mid Cap Growth Alpha Index. It was launched on Feb 25, 2016. JANEX is managed by Janus Henderson. It was launched on Sep 1, 1992.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JSMD or JANEX.
Key characteristics
| JSMD | JANEX | |
|---|---|---|
| YTD Return | 19.40% | 17.44% |
| 1Y Return | 32.25% | 19.36% |
| 3Y Return (Ann) | 4.28% | -5.97% |
| 5Y Return (Ann) | 11.62% | 1.45% |
| Sharpe Ratio | 1.80 | 1.40 |
| Sortino Ratio | 2.58 | 1.83 |
| Omega Ratio | 1.31 | 1.27 |
| Calmar Ratio | 2.05 | 0.60 |
| Martin Ratio | 10.04 | 8.25 |
| Ulcer Index | 3.28% | 2.45% |
| Daily Std Dev | 18.28% | 14.46% |
| Max Drawdown | -38.98% | -38.24% |
| Current Drawdown | -3.44% | -17.27% |
Correlation
The correlation between JSMD and JANEX is 0.87, 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.
Performance
JSMD vs. JANEX - Performance Comparison
In the year-to-date period, JSMD achieves a 19.40% return, which is significantly higher than JANEX's 17.44% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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JSMD vs. JANEX - Expense Ratio Comparison
JSMD has a 0.30% expense ratio, which is lower than JANEX's 0.79% expense ratio.
Risk-Adjusted Performance
JSMD vs. JANEX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD) and Janus Henderson Enterprise Fund (JANEX). 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.
Dividends
JSMD vs. JANEX - Dividend Comparison
JSMD's dividend yield for the trailing twelve months is around 0.34%, while JANEX has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF | 0.34% | 0.44% | 0.40% | 0.28% | 0.24% | 0.32% | 0.53% | 0.30% | 0.37% | 0.00% | 0.00% | 0.00% |
JANEX Janus Henderson Enterprise Fund | 0.00% | 0.00% | 0.00% | 0.33% | 0.30% | 0.11% | 0.17% | 0.09% | 0.09% | 0.28% | 0.03% | 0.14% |
Drawdowns
JSMD vs. JANEX - Drawdown Comparison
The maximum JSMD drawdown since its inception was -38.98%, roughly equal to the maximum JANEX drawdown of -38.24%. Use the drawdown chart below to compare losses from any high point for JSMD and JANEX. For additional features, visit the drawdowns tool.
Volatility
JSMD vs. JANEX - Volatility Comparison
Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD) has a higher volatility of 6.46% compared to Janus Henderson Enterprise Fund (JANEX) at 3.55%. This indicates that JSMD's price experiences larger fluctuations and is considered to be riskier than JANEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.