JSML vs. AIRR
Compare and contrast key facts about Janus Henderson Small Cap Growth Alpha ETF (JSML) and First Trust RBA American Industrial Renaissance ETF (AIRR).
JSML and AIRR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JSML is a passively managed fund by Janus Henderson that tracks the performance of the Janus Small Cap Growth Alpha Index. It was launched on Feb 25, 2016. AIRR is a passively managed fund by First Trust that tracks the performance of the Richard Bernstein Advisors American Industrial Renaissance (TR). It was launched on Mar 10, 2014. Both JSML and AIRR are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JSML or AIRR.
Key characteristics
| JSML | AIRR | |
|---|---|---|
| YTD Return | 25.07% | 48.07% |
| 1Y Return | 49.89% | 76.94% |
| 3Y Return (Ann) | 2.38% | 21.96% |
| 5Y Return (Ann) | 10.94% | 24.75% |
| Sharpe Ratio | 2.43 | 3.23 |
| Sortino Ratio | 3.36 | 4.07 |
| Omega Ratio | 1.41 | 1.52 |
| Calmar Ratio | 1.66 | 6.22 |
| Martin Ratio | 15.92 | 19.49 |
| Ulcer Index | 3.28% | 4.08% |
| Daily Std Dev | 21.51% | 24.62% |
| Max Drawdown | -39.65% | -42.37% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between JSML and AIRR is 0.76, 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.
Performance
JSML vs. AIRR - Performance Comparison
In the year-to-date period, JSML achieves a 25.07% return, which is significantly lower than AIRR's 48.07% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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JSML vs. AIRR - Expense Ratio Comparison
JSML has a 0.30% expense ratio, which is lower than AIRR's 0.70% expense ratio.
Risk-Adjusted Performance
JSML vs. AIRR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Small Cap Growth Alpha ETF (JSML) and First Trust RBA American Industrial Renaissance ETF (AIRR). 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.
Dividends
JSML vs. AIRR - Dividend Comparison
JSML's dividend yield for the trailing twelve months is around 0.40%, more than AIRR's 0.15% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
JSML Janus Henderson Small Cap Growth Alpha ETF | 0.40% | 0.49% | 0.67% | 0.46% | 0.30% | 0.27% | 0.76% | 0.42% | 0.53% | 0.00% | 0.00% |
AIRR First Trust RBA American Industrial Renaissance ETF | 0.15% | 0.23% | 0.12% | 0.05% | 0.10% | 0.20% | 0.43% | 0.30% | 0.08% | 0.47% | 0.37% |
Drawdowns
JSML vs. AIRR - Drawdown Comparison
The maximum JSML drawdown since its inception was -39.65%, smaller than the maximum AIRR drawdown of -42.37%. Use the drawdown chart below to compare losses from any high point for JSML and AIRR. For additional features, visit the drawdowns tool.
Volatility
JSML vs. AIRR - Volatility Comparison
The current volatility for Janus Henderson Small Cap Growth Alpha ETF (JSML) is 7.55%, while First Trust RBA American Industrial Renaissance ETF (AIRR) has a volatility of 9.16%. This indicates that JSML experiences smaller price fluctuations and is considered to be less risky than AIRR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.