JSMD vs. VO
Compare and contrast key facts about Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD) and Vanguard Mid-Cap ETF (VO).
JSMD and VO 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. VO is a passively managed fund by Vanguard that tracks the performance of the CRSP US Mid Cap Index. It was launched on Jan 26, 2004. Both JSMD and VO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
JSMD vs. VO - Performance Comparison
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JSMD vs. VO - 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% |
VO Vanguard Mid-Cap ETF | -0.68% | 11.62% | 15.31% | 16.03% | -18.73% | 24.70% | 18.10% | 30.98% | -9.24% | 19.28% |
Returns By Period
In the year-to-date period, JSMD achieves a -2.61% return, which is significantly lower than VO's -0.68% return. Over the past 10 years, JSMD has outperformed VO with an annualized return of 11.87%, while VO has yielded a comparatively lower 10.67% 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%
VO
- 1D
- 2.22%
- 1M
- -5.86%
- YTD
- -0.68%
- 6M
- -1.48%
- 1Y
- 12.73%
- 3Y*
- 12.61%
- 5Y*
- 6.66%
- 10Y*
- 10.67%
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JSMD vs. VO - Expense Ratio Comparison
JSMD has a 0.30% expense ratio, which is higher than VO's 0.04% expense ratio.
Return for Risk
JSMD vs. VO — Risk / Return Rank
JSMD
VO
JSMD vs. VO - 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 Vanguard Mid-Cap ETF (VO). 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 | VO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.57 | 0.73 | -0.15 |
Sortino ratioReturn per unit of downside risk | 0.96 | 1.12 | -0.16 |
Omega ratioGain probability vs. loss probability | 1.12 | 1.16 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.05 | 1.05 | 0.00 |
Martin ratioReturn relative to average drawdown | 3.43 | 4.84 | -1.41 |
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 | VO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.57 | 0.73 | -0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.16 | 0.38 | -0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | 0.57 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.48 | +0.07 |
Correlation
The correlation between JSMD and VO is 0.88, 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. VO - Dividend Comparison
JSMD's dividend yield for the trailing twelve months is around 0.57%, less than VO's 1.51% 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% |
VO Vanguard Mid-Cap ETF | 1.51% | 1.52% | 1.49% | 1.52% | 1.60% | 1.12% | 1.45% | 1.48% | 1.82% | 1.35% | 1.45% | 1.47% |
Drawdowns
JSMD vs. VO - Drawdown Comparison
The maximum JSMD drawdown since its inception was -38.98%, smaller than the maximum VO drawdown of -58.87%. Use the drawdown chart below to compare losses from any high point for JSMD and VO.
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Drawdown Indicators
| JSMD | VO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.98% | -58.87% | +19.89% |
Max Drawdown (1Y)Largest decline over 1 year | -14.86% | -12.74% | -2.12% |
Max Drawdown (5Y)Largest decline over 5 years | -32.18% | -27.57% | -4.61% |
Max Drawdown (10Y)Largest decline over 10 years | -38.98% | -39.37% | +0.39% |
Current DrawdownCurrent decline from peak | -10.53% | -6.12% | -4.41% |
Average DrawdownAverage peak-to-trough decline | -7.58% | -7.91% | +0.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.56% | 2.76% | +1.80% |
Volatility
JSMD vs. VO - Volatility Comparison
Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD) has a higher volatility of 9.67% compared to Vanguard Mid-Cap ETF (VO) at 4.89%. This indicates that JSMD's price experiences larger fluctuations and is considered to be riskier than VO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JSMD | VO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.67% | 4.89% | +4.78% |
Volatility (6M)Calculated over the trailing 6-month period | 16.69% | 9.72% | +6.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.54% | 17.57% | +6.97% |
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% | 18.94% | +3.70% |