JSML vs. JABS
JSML (Janus Henderson Small Cap Growth Alpha ETF) and JABS (Janus Henderson Asset-Backed Securities ETF) are both exchange-traded funds - JSML is a Small Cap Growth Equities fund tracking the Janus Small Cap Growth Alpha Index, while JABS is a Short-Term Bond fund actively managed by Janus Henderson. JSML is passively managed, while JABS is actively managed. At a 0.12 correlation, their price movements are largely independent. JSML charges 0.30%/yr vs 0.33%/yr for JABS.
Performance
JSML vs. JABS - Performance Comparison
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Returns By Period
In the year-to-date period, JSML achieves a 20.92% return, which is significantly higher than JABS's 1.29% return.
JSML
- 1D
- 1.56%
- 1M
- 6.17%
- YTD
- 20.92%
- 6M
- 19.03%
- 1Y
- 35.79%
- 3Y*
- 19.59%
- 5Y*
- 6.42%
- 10Y*
- 12.94%
JABS
- 1D
- -0.12%
- 1M
- 0.33%
- YTD
- 1.29%
- 6M
- 1.94%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JSML vs. JABS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
JSML Janus Henderson Small Cap Growth Alpha ETF | 20.92% | 7.55% |
JABS Janus Henderson Asset-Backed Securities ETF | 1.29% | 2.49% |
Correlation
The correlation between JSML and JABS is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 24, 2025 | 0.12 |
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Return for Risk
JSML vs. JABS — Risk / Return Rank
JSML
JABS
JSML vs. JABS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Small Cap Growth Alpha ETF (JSML) and Janus Henderson Asset-Backed Securities ETF (JABS). 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.
| JSML | JABS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.29 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.42 | — | — |
| Martin ratioReturn relative to average drawdown | 8.60 | — | — |
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
| JSML | JABS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.67 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.26 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 2.23 | -1.65 |
Drawdowns
JSML vs. JABS - Drawdown Comparison
The maximum JSML drawdown since its inception was -39.65%, which is greater than JABS's maximum drawdown of -0.97%. Use the drawdown chart below to compare losses from any high point for JSML and JABS.
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Drawdown Indicators
| JSML | JABS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.65% | -0.97% | -38.68% |
Max Drawdown (1Y)Largest decline over 1 year | -14.84% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -25.60% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -37.91% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -39.65% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.12% | +0.12% |
Average DrawdownAverage peak-to-trough decline | -10.86% | -0.18% | -10.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.17% | — | — |
Volatility
JSML vs. JABS - Volatility Comparison
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Volatility by Period
| JSML | JABS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.13% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 16.00% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 21.59% | 2.00% | +19.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.35% | 2.00% | +22.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.27% | 2.00% | +22.27% |
JSML vs. JABS - Expense Ratio Comparison
JSML has a 0.30% expense ratio, which is lower than JABS's 0.33% expense ratio.
Dividends
JSML vs. JABS - Dividend Comparison
JSML's dividend yield for the trailing twelve months is around 0.79%, less than JABS's 4.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
JABS Janus Henderson Asset-Backed Securities ETF | 4.19% | 2.19% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
JSML Janus Henderson Small Cap Growth Alpha ETF | 0.79% | 0.94% | 1.19% | 0.49% | 0.67% | 0.46% | 0.30% | 0.27% | 0.76% | 0.42% | 0.52% |
Frequently Asked Questions
JSML and JABS have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JSML is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JSML is cheaper with a 0.30% expense ratio, compared with 0.33% for JABS.
JABS has the higher dividend yield at 4.19%, compared with 0.79% for JSML.
JSML is categorized as Small Cap Growth Equities, while JABS is Short-Term Bond. Their fees differ too: 0.30% for JSML and 0.33% for JABS.
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