PEXL vs. JSMD

Last updated Jun 24, 2026

PEXL (Pacer US Export Leaders ETF) and JSMD (Janus Henderson Small/Mid Cap Growth Alpha ETF) are both exchange-traded funds - PEXL is a Mid Cap Blend Equities fund tracking the Pacer US Export Leaders Index, while JSMD is a Mid Cap Growth Equities fund tracking the Janus Small Mid Cap Growth Alpha Index. Both are passively managed. Over the past 5 years, PEXL returned 12.45%/yr vs 8.05%/yr for JSMD. Their correlation of 0.85 suggests significant overlap in exposure. PEXL charges 0.60%/yr vs 0.30%/yr for JSMD.

Performance

PEXL vs. JSMD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacer US Export Leaders ETF (PEXL) and Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with PEXL having a 19.63% return and JSMD slightly lower at 19.16%.

PEXL

• 1D: -2.96%
• 1M: 2.42%
• YTD: 19.63%
• 6M: 18.58%
• 1Y: 45.53%
• 3Y*: 20.68%
• 5Y*: 12.45%
• 10Y*: —

JSMD

• 1D: -1.55%
• 1M: 4.18%
• YTD: 19.16%
• 6M: 15.79%
• 1Y: 28.16%
• 3Y*: 18.47%
• 5Y*: 8.05%
• 10Y*: 13.87%

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

PEXL vs. JSMD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
PEXL Pacer US Export Leaders ETF	19.63%	27.33%	5.79%	24.40%	-20.41%	30.12%	25.02%	39.86%	-17.19%
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF	19.16%	9.25%	15.08%	26.81%	-22.84%	8.40%	30.79%	31.05%	-16.46%

Correlation

The correlation between PEXL and JSMD is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.85
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (5Y) Calculated over the trailing 5-year period	0.89
Correlation (All Time) Calculated using the full available price history since Jul 24, 2018	0.85

The correlation between PEXL and JSMD has been stable across timeframes, ranging from 0.85 to 0.89 - a consistent structural relationship.

PEXL vs. JSMD - Sectors Allocation Comparison

Sectors	PEXL	JSMD
Technology	58.8%	28.1%
Communication Services	13.9%	2.9%
Healthcare	6.8%	18.7%
Industrials	6.1%	23.3%
Consumer Defensive	5.9%	2.5%
Basic Materials	3.8%	3.0%
Consumer Cyclical	3.8%	8.7%
Energy	0.9%	1.1%
Financial Services	-	8.9%
Real Estate	-	2.8%
Utilities	-	-

Return for Risk

PEXL vs. JSMD — Risk / Return Rank

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

PEXL

PEXL Risk / Return Rank: 79
PEXL Sharpe Ratio Rank: 80
PEXL Sortino Ratio Rank: 76
PEXL Omega Ratio Rank: 73
PEXL Calmar Ratio Rank: 81
PEXL Martin Ratio Rank: 85

JSMD

JSMD Risk / Return Rank: 39
JSMD Sharpe Ratio Rank: 39
JSMD Sortino Ratio Rank: 38
JSMD Omega Ratio Rank: 36
JSMD Calmar Ratio Rank: 40
JSMD Martin Ratio Rank: 42

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.

PEXL vs. JSMD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer US Export Leaders ETF (PEXL) 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.

	PEXL	JSMD	Difference
Sharpe ratio: Return per unit of total volatility	2.38	1.30	+1.08
Sortino ratio: Return per unit of downside risk	3.14	1.87	+1.27
Omega ratio: Gain probability vs. loss probability	1.40	1.23	+0.17
Calmar ratio: Return relative to maximum drawdown	4.00	1.90	+2.10
Martin ratio: Return relative to average drawdown	16.56	6.44	+10.12

PEXL vs. JSMD - Sharpe Ratio Comparison

The current PEXL Sharpe Ratio is 2.38, which is higher than the JSMD Sharpe Ratio of 1.30. The chart below compares the historical Sharpe Ratios of PEXL and JSMD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PEXL vs. JSMD - Drawdown Comparison

The maximum PEXL drawdown since its inception was -36.76%, smaller than the maximum JSMD drawdown of -38.98%. Use the drawdown chart below to compare losses from any high point for PEXL and JSMD.

Drawdown Indicators

	PEXL	JSMD	Difference
Max Drawdown Largest peak-to-trough decline	-36.76%	-38.98%	+2.22%
Max Drawdown (1Y) Largest decline over 1 year	-11.43%	-14.86%	+3.43%
Max Drawdown (3Y) Largest decline over 3 years	-24.72%	-24.01%	-0.71%
Max Drawdown (5Y) Largest decline over 5 years	-30.44%	-32.18%	+1.74%
Max Drawdown (10Y) Largest decline over 10 years	—	-38.98%	—
Current Drawdown Current decline from peak	-3.37%	-1.55%	-1.82%
Average Drawdown Average peak-to-trough decline	-6.69%	-7.45%	+0.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.76%	4.39%	-1.63%

Volatility

PEXL vs. JSMD - Volatility Comparison

Pacer US Export Leaders ETF (PEXL) has a higher volatility of 8.72% compared to Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD) at 7.47%. This indicates that PEXL's price experiences larger fluctuations and is considered to be riskier than JSMD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PEXL	JSMD	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.72%	7.47%	+1.25%
Volatility (6M) Calculated over the trailing 6-month period	14.95%	17.05%	-2.10%
Volatility (1Y) Calculated over the trailing 1-year period	19.25%	21.80%	-2.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.12%	23.01%	-0.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.13%	22.83%	+1.30%

PEXL vs. JSMD - Expense Ratio Comparison

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

Dividends

PEXL vs. JSMD - Dividend Comparison

PEXL's dividend yield for the trailing twelve months is around 0.30%, less than JSMD's 0.46% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF	0.46%	0.54%	0.76%	0.44%	0.40%	0.28%	0.24%	0.32%	0.53%	0.30%	0.36%
PEXL Pacer US Export Leaders ETF	0.30%	0.44%	0.48%	0.48%	0.60%	0.22%	0.48%	0.49%	0.29%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PEXL and JSMD in my portfolio?

PEXL and JSMD have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PEXL or JSMD?

PEXL has higher volatility (8.72%) compared to JSMD (7.47%). In terms of maximum drawdown, PEXL dropped -36.76% vs JSMD's -38.98%.

Which ETF is better, PEXL or JSMD?

On 5-year performance, PEXL leads with 12.45% vs 8.05% for JSMD. On fees, JSMD is cheaper at 0.30% per year. On volatility, JSMD has been the lower-risk option at 7.47%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PEXL or JSMD?

Over the 5-year period, PEXL has performed better with a 12.45% return vs 8.05%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PEXL or JSMD?

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

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

JSMD has the higher dividend yield at 0.46%, compared with 0.30% for PEXL.

What is the main difference between PEXL and JSMD?

PEXL is categorized as Mid Cap Blend Equities, while JSMD is Mid Cap Growth Equities. PEXL tracks Pacer US Export Leaders Index, while JSMD tracks Janus Small Mid Cap Growth Alpha Index. They also come from different issuers: Pacer and Janus Henderson. Their fees differ too: 0.60% for PEXL and 0.30% for JSMD.

Which has better risk-adjusted returns?

PEXL currently has the higher Sharpe Ratio (2.38 vs 1.30), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.