PAPPX vs. JSMD
Compare and contrast key facts about Papp Small & Mid-Cap Growth Fund (PAPPX) and Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD).
PAPPX is managed by Papp. It was launched on Mar 8, 2010. 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.
Performance
PAPPX vs. JSMD - Performance Comparison
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PAPPX vs. JSMD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PAPPX Papp Small & Mid-Cap Growth Fund | -4.63% | 4.72% | 2.64% | 11.49% | -22.71% | 14.71% | 24.74% | 34.77% | -3.03% | 25.79% |
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% |
Returns By Period
In the year-to-date period, PAPPX achieves a -4.63% return, which is significantly lower than JSMD's -2.61% return. Over the past 10 years, PAPPX has underperformed JSMD with an annualized return of 7.91%, while JSMD has yielded a comparatively higher 11.87% annualized return.
PAPPX
- 1D
- 0.24%
- 1M
- -8.54%
- YTD
- -4.63%
- 6M
- -4.04%
- 1Y
- 2.36%
- 3Y*
- 2.65%
- 5Y*
- -0.16%
- 10Y*
- 7.91%
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%
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PAPPX vs. JSMD - Expense Ratio Comparison
PAPPX has a 1.27% expense ratio, which is higher than JSMD's 0.30% expense ratio.
Return for Risk
PAPPX vs. JSMD — Risk / Return Rank
PAPPX
JSMD
PAPPX vs. JSMD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Papp Small & Mid-Cap Growth Fund (PAPPX) and Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD). 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.
| PAPPX | JSMD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.15 | 0.57 | -0.43 |
Sortino ratioReturn per unit of downside risk | 0.35 | 0.96 | -0.62 |
Omega ratioGain probability vs. loss probability | 1.04 | 1.12 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 0.08 | 1.05 | -0.97 |
Martin ratioReturn relative to average drawdown | 0.27 | 3.43 | -3.15 |
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
| PAPPX | JSMD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.15 | 0.57 | -0.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.01 | 0.16 | -0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | 0.53 | -0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.55 | -0.06 |
Correlation
The correlation between PAPPX and JSMD is 0.83, 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
PAPPX vs. JSMD - Dividend Comparison
PAPPX's dividend yield for the trailing twelve months is around 3.31%, more than JSMD's 0.57% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PAPPX Papp Small & Mid-Cap Growth Fund | 3.31% | 3.15% | 0.00% | 0.00% | 0.00% | 5.68% | 2.19% | 2.97% | 3.03% | 8.33% | 0.00% | 2.46% |
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% |
Drawdowns
PAPPX vs. JSMD - Drawdown Comparison
The maximum PAPPX drawdown since its inception was -34.51%, smaller than the maximum JSMD drawdown of -38.98%. Use the drawdown chart below to compare losses from any high point for PAPPX and JSMD.
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Drawdown Indicators
| PAPPX | JSMD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.51% | -38.98% | +4.47% |
Max Drawdown (1Y)Largest decline over 1 year | -12.03% | -14.86% | +2.83% |
Max Drawdown (5Y)Largest decline over 5 years | -30.93% | -32.18% | +1.25% |
Max Drawdown (10Y)Largest decline over 10 years | -34.51% | -38.98% | +4.47% |
Current DrawdownCurrent decline from peak | -11.82% | -10.53% | -1.29% |
Average DrawdownAverage peak-to-trough decline | -6.54% | -7.58% | +1.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.57% | 4.56% | -0.99% |
Volatility
PAPPX vs. JSMD - Volatility Comparison
The current volatility for Papp Small & Mid-Cap Growth Fund (PAPPX) is 3.93%, while Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD) has a volatility of 9.67%. This indicates that PAPPX experiences smaller price fluctuations and is considered to be less risky than JSMD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PAPPX | JSMD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.93% | 9.67% | -5.74% |
Volatility (6M)Calculated over the trailing 6-month period | 10.06% | 16.69% | -6.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.12% | 24.54% | -6.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.50% | 22.67% | -5.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.70% | 22.64% | -3.94% |