JSMD vs. JRE
Compare and contrast key facts about Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD) and Janus Henderson U.S. Real Estate ETF (JRE).
JSMD and JRE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. JRE is an actively managed fund by Janus Henderson. It was launched on Jun 22, 2021.
Performance
JSMD vs. JRE - Performance Comparison
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JSMD vs. JRE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF | -1.44% | 9.25% | 15.08% | 26.81% | -22.84% | 1.50% |
JRE Janus Henderson U.S. Real Estate ETF | 6.33% | 2.97% | 7.65% | 8.79% | -23.47% | 16.45% |
Returns By Period
In the year-to-date period, JSMD achieves a -1.44% return, which is significantly lower than JRE's 6.33% return.
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%
JRE
- 1D
- 0.84%
- 1M
- -4.31%
- YTD
- 6.33%
- 6M
- 5.82%
- 1Y
- 9.35%
- 3Y*
- 7.54%
- 5Y*
- —
- 10Y*
- —
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JSMD vs. JRE - Expense Ratio Comparison
JSMD has a 0.30% expense ratio, which is lower than JRE's 0.65% expense ratio.
Return for Risk
JSMD vs. JRE — Risk / Return Rank
JSMD
JRE
JSMD vs. JRE - 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 U.S. Real Estate ETF (JRE). 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 | JRE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.63 | 0.57 | +0.07 |
Sortino ratioReturn per unit of downside risk | 1.04 | 0.87 | +0.17 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.12 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.04 | 0.72 | +0.31 |
Martin ratioReturn relative to average drawdown | 3.34 | 3.25 | +0.10 |
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 | JRE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.63 | 0.57 | +0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.17 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.15 | +0.41 |
Correlation
The correlation between JSMD and JRE is 0.61, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
JSMD vs. JRE - Dividend Comparison
JSMD's dividend yield for the trailing twelve months is around 0.56%, less than JRE's 5.32% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
JRE Janus Henderson U.S. Real Estate ETF | 5.32% | 5.81% | 2.20% | 2.77% | 2.87% | 0.90% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
JSMD vs. JRE - Drawdown Comparison
The maximum JSMD drawdown since its inception was -38.98%, which is greater than JRE's maximum drawdown of -31.69%. Use the drawdown chart below to compare losses from any high point for JSMD and JRE.
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Drawdown Indicators
| JSMD | JRE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.98% | -31.69% | -7.29% |
Max Drawdown (1Y)Largest decline over 1 year | -14.86% | -12.93% | -1.93% |
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 | -9.46% | -4.31% | -5.15% |
Average DrawdownAverage peak-to-trough decline | -7.58% | -13.04% | +5.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.60% | 2.88% | +1.72% |
Volatility
JSMD vs. JRE - Volatility Comparison
Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD) has a higher volatility of 9.64% compared to Janus Henderson U.S. Real Estate ETF (JRE) at 4.96%. This indicates that JSMD's price experiences larger fluctuations and is considered to be riskier than JRE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JSMD | JRE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.64% | 4.96% | +4.68% |
Volatility (6M)Calculated over the trailing 6-month period | 16.72% | 9.21% | +7.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.53% | 16.56% | +7.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.67% | 18.86% | +3.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.64% | 18.86% | +3.78% |