JSMD vs. PAPPX
Compare and contrast key facts about Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD) and Papp Small & Mid-Cap Growth Fund (PAPPX).
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. PAPPX is managed by Papp. It was launched on Mar 8, 2010.
Performance
JSMD vs. PAPPX - Performance Comparison
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JSMD vs. PAPPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF | -2.61% | 9.25% | 15.08% | 26.81% | -22.84% | 8.40% | 30.79% | 31.05% | -4.73% | 24.46% |
PAPPX Papp Small & Mid-Cap Growth Fund | -4.63% | 4.72% | 2.64% | 11.49% | -22.71% | 14.71% | 24.74% | 34.77% | -3.03% | 25.79% |
Returns By Period
In the year-to-date period, JSMD achieves a -2.61% return, which is significantly higher than PAPPX's -4.63% return. Over the past 10 years, JSMD has outperformed PAPPX with an annualized return of 11.87%, while PAPPX has yielded a comparatively lower 7.91% annualized return.
JSMD
- 1D
- 5.07%
- 1M
- -6.84%
- YTD
- -2.61%
- 6M
- -4.86%
- 1Y
- 14.01%
- 3Y*
- 12.89%
- 5Y*
- 3.69%
- 10Y*
- 11.87%
PAPPX
- 1D
- 0.24%
- 1M
- -8.54%
- YTD
- -4.63%
- 6M
- -4.04%
- 1Y
- 2.36%
- 3Y*
- 2.65%
- 5Y*
- -0.16%
- 10Y*
- 7.91%
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JSMD vs. PAPPX - Expense Ratio Comparison
JSMD has a 0.30% expense ratio, which is lower than PAPPX's 1.27% expense ratio.
Return for Risk
JSMD vs. PAPPX — Risk / Return Rank
JSMD
PAPPX
JSMD vs. PAPPX - 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 Papp Small & Mid-Cap Growth Fund (PAPPX). 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 | PAPPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.57 | 0.15 | +0.43 |
Sortino ratioReturn per unit of downside risk | 0.96 | 0.35 | +0.62 |
Omega ratioGain probability vs. loss probability | 1.12 | 1.04 | +0.08 |
Calmar ratioReturn relative to maximum drawdown | 1.05 | 0.08 | +0.97 |
Martin ratioReturn relative to average drawdown | 3.43 | 0.27 | +3.15 |
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 | PAPPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.57 | 0.15 | +0.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.16 | -0.01 | +0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | 0.42 | +0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.49 | +0.06 |
Correlation
The correlation between JSMD and PAPPX is 0.83, 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. PAPPX - Dividend Comparison
JSMD's dividend yield for the trailing twelve months is around 0.57%, less than PAPPX's 3.31% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF | 0.57% | 0.54% | 0.76% | 0.44% | 0.40% | 0.28% | 0.24% | 0.32% | 0.53% | 0.30% | 0.36% | 0.00% |
PAPPX Papp Small & Mid-Cap Growth Fund | 3.31% | 3.15% | 0.00% | 0.00% | 0.00% | 5.68% | 2.19% | 2.97% | 3.03% | 8.33% | 0.00% | 2.46% |
Drawdowns
JSMD vs. PAPPX - Drawdown Comparison
The maximum JSMD drawdown since its inception was -38.98%, which is greater than PAPPX's maximum drawdown of -34.51%. Use the drawdown chart below to compare losses from any high point for JSMD and PAPPX.
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Drawdown Indicators
| JSMD | PAPPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.98% | -34.51% | -4.47% |
Max Drawdown (1Y)Largest decline over 1 year | -14.86% | -12.03% | -2.83% |
Max Drawdown (5Y)Largest decline over 5 years | -32.18% | -30.93% | -1.25% |
Max Drawdown (10Y)Largest decline over 10 years | -38.98% | -34.51% | -4.47% |
Current DrawdownCurrent decline from peak | -10.53% | -11.82% | +1.29% |
Average DrawdownAverage peak-to-trough decline | -7.58% | -6.54% | -1.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.56% | 3.57% | +0.99% |
Volatility
JSMD vs. PAPPX - Volatility Comparison
Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD) has a higher volatility of 9.67% compared to Papp Small & Mid-Cap Growth Fund (PAPPX) at 3.93%. This indicates that JSMD's price experiences larger fluctuations and is considered to be riskier than PAPPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JSMD | PAPPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.67% | 3.93% | +5.74% |
Volatility (6M)Calculated over the trailing 6-month period | 16.69% | 10.06% | +6.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.54% | 18.12% | +6.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.67% | 17.50% | +5.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.64% | 18.70% | +3.94% |