JXX vs. JSML
Compare and contrast key facts about Janus Henderson Transformational Growth ETF (JXX) and Janus Henderson Small Cap Growth Alpha ETF (JSML).
JXX and JSML are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JXX is an actively managed fund by Janus Henderson. It was launched on Feb 4, 2025. 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.
Performance
JXX vs. JSML - Performance Comparison
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JXX vs. JSML - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
JXX Janus Henderson Transformational Growth ETF | -11.55% | 10.47% |
JSML Janus Henderson Small Cap Growth Alpha ETF | -4.74% | 6.95% |
Returns By Period
In the year-to-date period, JXX achieves a -11.55% return, which is significantly lower than JSML's -4.74% return.
JXX
- 1D
- 4.50%
- 1M
- -4.46%
- YTD
- -11.55%
- 6M
- -11.96%
- 1Y
- 13.63%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JSML
- 1D
- 4.25%
- 1M
- -7.42%
- YTD
- -4.74%
- 6M
- -6.13%
- 1Y
- 15.83%
- 3Y*
- 12.75%
- 5Y*
- 1.14%
- 10Y*
- 10.94%
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JXX vs. JSML - Expense Ratio Comparison
JXX has a 0.57% expense ratio, which is higher than JSML's 0.30% expense ratio.
Return for Risk
JXX vs. JSML — Risk / Return Rank
JXX
JSML
JXX vs. JSML - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Transformational Growth ETF (JXX) and Janus Henderson Small Cap Growth Alpha ETF (JSML). 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.
| JXX | JSML | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.57 | 0.66 | -0.09 |
Sortino ratioReturn per unit of downside risk | 0.97 | 1.09 | -0.12 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.14 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 0.63 | 1.29 | -0.66 |
Martin ratioReturn relative to average drawdown | 2.07 | 4.44 | -2.37 |
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
| JXX | JSML | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.57 | 0.66 | -0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.05 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.45 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.08 | 0.47 | -0.55 |
Correlation
The correlation between JXX and JSML is 0.74, 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
JXX vs. JSML - Dividend Comparison
JXX's dividend yield for the trailing twelve months is around 0.02%, less than JSML's 0.66% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
JXX Janus Henderson Transformational Growth ETF | 0.02% | 0.04% | 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 | 0.66% | 0.94% | 1.19% | 0.49% | 0.67% | 0.46% | 0.30% | 0.27% | 0.76% | 0.42% | 0.52% |
Drawdowns
JXX vs. JSML - Drawdown Comparison
The maximum JXX drawdown since its inception was -23.73%, smaller than the maximum JSML drawdown of -39.65%. Use the drawdown chart below to compare losses from any high point for JXX and JSML.
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Drawdown Indicators
| JXX | JSML | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.73% | -39.65% | +15.92% |
Max Drawdown (1Y)Largest decline over 1 year | -18.02% | -14.84% | -3.18% |
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 | -14.34% | -11.22% | -3.12% |
Average DrawdownAverage peak-to-trough decline | -5.89% | -11.02% | +5.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.49% | 4.32% | +1.17% |
Volatility
JXX vs. JSML - Volatility Comparison
The current volatility for Janus Henderson Transformational Growth ETF (JXX) is 8.15%, while Janus Henderson Small Cap Growth Alpha ETF (JSML) has a volatility of 9.14%. This indicates that JXX experiences smaller price fluctuations and is considered to be less risky than JSML based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JXX | JSML | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.15% | 9.14% | -0.99% |
Volatility (6M)Calculated over the trailing 6-month period | 15.57% | 16.36% | -0.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.09% | 24.08% | +0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.61% | 24.19% | +0.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.61% | 24.16% | +0.45% |