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.
Performance
JSMD vs. JANEX - Performance Comparison
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JSMD vs. JANEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF | -1.44% | 9.25% | 15.08% | 26.81% | -22.84% | 8.40% | 30.79% | 31.05% | -4.73% | 24.46% |
JANEX Janus Henderson Enterprise Fund | -5.96% | 7.64% | 15.25% | 17.99% | -16.03% | 17.02% | 20.38% | 35.22% | -0.95% | 26.36% |
Returns By Period
In the year-to-date period, JSMD achieves a -1.44% return, which is significantly higher than JANEX's -5.96% return. Both investments have delivered pretty close results over the past 10 years, with JSMD having a 12.00% annualized return and JANEX not far behind at 11.55%.
JSMD
- 1D
- 1.20%
- 1M
- -5.91%
- YTD
- -1.44%
- 6M
- -3.30%
- 1Y
- 15.48%
- 3Y*
- 13.34%
- 5Y*
- 3.93%
- 10Y*
- 12.00%
JANEX
- 1D
- 2.72%
- 1M
- -5.69%
- YTD
- -5.96%
- 6M
- -3.90%
- 1Y
- 5.14%
- 3Y*
- 8.26%
- 5Y*
- 4.89%
- 10Y*
- 11.55%
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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.
Return for Risk
JSMD vs. JANEX — Risk / Return Rank
JSMD
JANEX
JSMD vs. JANEX - 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 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.
| JSMD | JANEX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.63 | 0.29 | +0.34 |
Sortino ratioReturn per unit of downside risk | 1.04 | 0.55 | +0.49 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.07 | +0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.04 | 0.45 | +0.59 |
Martin ratioReturn relative to average drawdown | 3.34 | 1.56 | +1.78 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| JSMD | JANEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.63 | 0.29 | +0.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.17 | 0.28 | -0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | 0.62 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.43 | +0.13 |
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.
Dividends
JSMD vs. JANEX - Dividend Comparison
JSMD's dividend yield for the trailing twelve months is around 0.56%, less than JANEX's 7.99% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF | 0.56% | 0.54% | 0.76% | 0.44% | 0.40% | 0.28% | 0.24% | 0.32% | 0.53% | 0.30% | 0.36% | 0.00% |
JANEX Janus Henderson Enterprise Fund | 7.99% | 7.51% | 7.00% | 7.52% | 10.51% | 15.98% | 8.46% | 4.45% | 6.38% | 1.78% | 1.64% | 3.64% |
Drawdowns
JSMD vs. JANEX - Drawdown Comparison
The maximum JSMD drawdown since its inception was -38.98%, smaller than the maximum JANEX drawdown of -79.85%. Use the drawdown chart below to compare losses from any high point for JSMD and JANEX.
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Drawdown Indicators
| JSMD | JANEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.98% | -79.85% | +40.87% |
Max Drawdown (1Y)Largest decline over 1 year | -14.86% | -12.56% | -2.30% |
Max Drawdown (5Y)Largest decline over 5 years | -32.18% | -24.24% | -7.94% |
Max Drawdown (10Y)Largest decline over 10 years | -38.98% | -38.24% | -0.74% |
Current DrawdownCurrent decline from peak | -9.46% | -8.99% | -0.47% |
Average DrawdownAverage peak-to-trough decline | -7.58% | -25.23% | +17.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.60% | 3.60% | +1.00% |
Volatility
JSMD vs. JANEX - Volatility Comparison
Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD) has a higher volatility of 9.64% compared to Janus Henderson Enterprise Fund (JANEX) at 5.41%. 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.
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Volatility by Period
| JSMD | JANEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.64% | 5.41% | +4.23% |
Volatility (6M)Calculated over the trailing 6-month period | 16.72% | 10.46% | +6.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.53% | 18.67% | +5.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.67% | 17.62% | +5.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.64% | 18.67% | +3.97% |