PCSG vs. JSMD

Last updated Jul 17, 2026

PCSG (Polen 5Perspectives Small-Mid Growth ETF) and JSMD (Janus Henderson Small/Mid Cap Growth Alpha ETF) are both Mid Cap Growth Equities funds. PCSG is actively managed, while JSMD is passively managed. Their correlation of 0.94 suggests significant overlap in exposure. PCSG charges 0.60%/yr vs 0.30%/yr for JSMD.

Performance

PCSG vs. JSMD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Polen 5Perspectives Small-Mid Growth ETF (PCSG) and Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PCSG

• 1D: -3.11%
• 1M: -10.96%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

JSMD

• 1D: -1.39%
• 1M: -0.93%
• 6M: 9.85%
• YTD: 17.41%
• 1Y: 22.75%
• 3Y*: 14.72%
• 5Y*: 8.56%
• 10Y*: 13.14%

*Multi-year figures are annualized to reflect compound growth (CAGR)

PCSG vs. JSMD - Yearly Performance Comparison

	2026 (YTD)
PCSG Polen 5Perspectives Small-Mid Growth ETF	-7.29%
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF	4.15%

Correlation

The correlation between PCSG and JSMD is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 18, 2026	0.94

Return for Risk

PCSG vs. JSMD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PCSG

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

JSMD

JSMD Risk / Return Rank: 36
JSMD Sharpe Ratio Rank: 35
JSMD Sortino Ratio Rank: 34
JSMD Omega Ratio Rank: 33
JSMD Calmar Ratio Rank: 37
JSMD Martin Ratio Rank: 40

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PCSG vs. JSMD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Polen 5Perspectives Small-Mid Growth ETF (PCSG) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	PCSG	JSMD	Difference
Sharpe ratio: Return per unit of total volatility	—	1.03	—
Sortino ratio: Return per unit of downside risk	—	1.54	—
Omega ratio: Gain probability vs. loss probability	—	1.19	—
Calmar ratio: Return relative to maximum drawdown	—	1.54	—
Martin ratio: Return relative to average drawdown	—	5.12	—

Drawdowns

PCSG vs. JSMD - Drawdown Comparison

The maximum PCSG drawdown since its inception was -13.61%, smaller than the maximum JSMD drawdown of -38.98%. Use the drawdown chart below to compare losses from any high point for PCSG and JSMD.

Drawdown Indicators

	PCSG	JSMD	Difference
Max Drawdown Largest peak-to-trough decline	-13.61%	-38.98%	+25.37%
Max Drawdown (1Y) Largest decline over 1 year	—	-14.86%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-24.01%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-32.18%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-38.98%	—
Current Drawdown Current decline from peak	-13.61%	-5.59%	-8.02%
Average Drawdown Average peak-to-trough decline	-4.07%	-7.42%	+3.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.45%	—

Volatility

Volatility by Period

	PCSG	JSMD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.01%	—
Volatility (6M) Calculated over the trailing 6-month period	—	17.49%	—
Volatility (1Y) Calculated over the trailing 1-year period	36.39%	22.16%	+14.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.39%	23.09%	+13.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.39%	22.80%	+13.59%

PCSG vs. JSMD - Expense Ratio Comparison

PCSG has a 0.60% expense ratio, which is higher than JSMD's 0.30% expense ratio.

Dividends

PCSG vs. JSMD - Dividend Comparison

PCSG has not paid dividends to shareholders, while JSMD's dividend yield for the trailing twelve months is around 0.43%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF	0.43%	0.54%	0.76%	0.44%	0.40%	0.28%	0.24%	0.32%	0.53%	0.30%	0.36%
PCSG Polen 5Perspectives Small-Mid Growth ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PCSG and JSMD in my portfolio?

With a correlation of 0.94, PCSG and JSMD move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, PCSG or JSMD?

On fees, JSMD is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PCSG or JSMD?

JSMD is cheaper with a 0.30% expense ratio, compared with 0.60% for PCSG.

Which ETF pays a higher dividend yield, PCSG or JSMD?

JSMD has the higher dividend yield at 0.43%, compared with 0.00% for PCSG.

What is the main difference between PCSG and JSMD?

They also come from different issuers: Polen and Janus Henderson. Their fees differ too: 0.60% for PCSG and 0.30% for JSMD.