JSMD vs. QQQN

Last updated Aug 4, 2026

JSMD (Janus Henderson Small/Mid Cap Growth Alpha ETF) and QQQN (VictoryShares Nasdaq Next 50 ETF) are both Mid Cap Growth Equities funds - JSMD tracks the Janus Small Mid Cap Growth Alpha Index while QQQN tracks the Nasdaq Q-50 Index. Both are passively managed. JSMD charges 0.30%/yr vs 0.18%/yr for QQQN.

Performance

JSMD vs. QQQN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD) and VictoryShares Nasdaq Next 50 ETF (QQQN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

JSMD

• 1D: 2.28%
• 1M: -3.09%
• 6M: 10.51%
• YTD: 16.38%
• 1Y: 22.10%
• 3Y*: 15.15%
• 5Y*: 7.42%
• 10Y*: 12.80%
• ALL TIME*: 13.97%

QQQN

• 1D: 0.00%
• 1M: 0.00%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF	$5.51M	$7.19M	$7.86M
QQQN VictoryShares Nasdaq Next 50 ETF	$0.00	$0.00	$0.00

JSMD vs. QQQN - Yearly Performance Comparison

	2026 (YTD)
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF	14.06%
QQQN VictoryShares Nasdaq Next 50 ETF	0.00%

JSMD vs. QQQN - Sectors Allocation Comparison

Sectors	JSMD	QQQN
Technology	27.7%	47.3%
Industrials	22.1%	8.7%
Healthcare	20.3%	19.9%
Financial Services	9.3%	-
Consumer Cyclical	9.0%	13.7%
Real Estate	2.9%	-
Communication Services	2.7%	5.5%
Basic Materials	2.6%	1.9%
Consumer Defensive	2.4%	1.4%
Energy	1.0%	-
Utilities	-	1.6%

Return for Risk

JSMD vs. QQQN — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

JSMD

JSMD Risk / Return Rank: 39
JSMD Sharpe Ratio Rank: 38
JSMD Sortino Ratio Rank: 38
JSMD Omega Ratio Rank: 36
JSMD Calmar Ratio Rank: 41
JSMD Martin Ratio Rank: 42

QQQN

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

JSMD vs. QQQN - 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 VictoryShares Nasdaq Next 50 ETF (QQQN). 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	QQQN	Difference
Sharpe ratio: Return per unit of total volatility	0.98	—	—
Sortino ratio: Return per unit of downside risk	1.49	—	—
Omega ratio: Gain probability vs. loss probability	1.18	—	—
Calmar ratio: Return relative to maximum drawdown	1.49	—	—
Martin ratio: Return relative to average drawdown	4.72	—	—

Drawdowns

JSMD vs. QQQN - Drawdown Comparison

The maximum JSMD drawdown since its inception was -38.98%, which is greater than QQQN's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for JSMD and QQQN.

Drawdown Indicators

	JSMD	QQQN	Difference
Max Drawdown Largest peak-to-trough decline	-38.98%	0.00%	-38.98%
Max Drawdown (1Y) Largest decline over 1 year	-14.86%	—	—
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 Drawdown Current decline from peak	-6.42%	0.00%	-6.42%
Average Drawdown Average peak-to-trough decline	-7.42%	0.00%	-7.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.69%	—	—

Volatility

Volatility by Period

	JSMD	QQQN	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.57%	—	—
Volatility (6M) Calculated over the trailing 6-month period	17.87%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	22.59%	0.00%	+22.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.15%	0.00%	+23.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.87%	0.00%	+22.87%

JSMD vs. QQQN - Expense Ratio Comparison

JSMD has a 0.30% expense ratio, which is higher than QQQN's 0.18% expense ratio.

Dividends

JSMD vs. QQQN - Dividend Comparison

JSMD's dividend yield for the trailing twelve months is around 0.43%, while QQQN has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF	0.43%	0.54%	0.76%	0.44%	0.40%	0.28%	0.24%	0.32%	0.53%	0.30%	0.36%
QQQN VictoryShares Nasdaq Next 50 ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, JSMD or QQQN?

On fees, QQQN is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JSMD or QQQN?

QQQN is cheaper with a 0.18% expense ratio, compared with 0.30% for JSMD.

Which ETF pays a higher dividend yield, JSMD or QQQN?

JSMD has the higher dividend yield at 0.43%, compared with 0.00% for QQQN.

What is the main difference between JSMD and QQQN?

JSMD tracks Janus Small Mid Cap Growth Alpha Index, while QQQN tracks Nasdaq Q-50 Index. They also come from different issuers: Janus Henderson and VictoryShares. Their fees differ too: 0.30% for JSMD and 0.18% for QQQN.