QQQN vs. JSMD

Last updated Jul 19, 2026

QQQN (VictoryShares Nasdaq Next 50 ETF) and JSMD (Janus Henderson Small/Mid Cap Growth Alpha ETF) are both Mid Cap Growth Equities funds - QQQN tracks the Nasdaq Q-50 Index while JSMD tracks the Janus Small Mid Cap Growth Alpha Index. Both are passively managed. QQQN charges 0.18%/yr vs 0.30%/yr for JSMD.

Performance

QQQN vs. JSMD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VictoryShares Nasdaq Next 50 ETF (QQQN) and Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

QQQN

• 1D: 0.00%
• 1M: 0.00%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

JSMD

• 1D: -0.04%
• 1M: -2.46%
• 6M: 9.47%
• YTD: 17.37%
• 1Y: 22.32%
• 3Y*: 14.33%
• 5Y*: 8.55%
• 10Y*: 13.19%

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

QQQN vs. JSMD - Yearly Performance Comparison

	2026 (YTD)
QQQN VictoryShares Nasdaq Next 50 ETF	0.00%
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF	15.03%

QQQN vs. JSMD - Sectors Allocation Comparison

Sectors	QQQN	JSMD
Technology	47.3%	27.7%
Healthcare	19.9%	20.3%
Consumer Cyclical	13.7%	9.0%
Industrials	8.7%	22.1%
Communication Services	5.5%	2.7%
Basic Materials	1.9%	2.6%
Utilities	1.6%	-
Consumer Defensive	1.4%	2.4%
Energy	-	1.0%
Financial Services	-	9.3%
Real Estate	-	2.9%

Return for Risk

QQQN vs. JSMD — Risk / Return Rank

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

QQQN

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

JSMD

JSMD Risk / Return Rank: 35
JSMD Sharpe Ratio Rank: 34
JSMD Sortino Ratio Rank: 34
JSMD Omega Ratio Rank: 32
JSMD Calmar Ratio Rank: 36
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.

QQQN vs. JSMD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VictoryShares Nasdaq Next 50 ETF (QQQN) 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.

	QQQN	JSMD	Difference
Sharpe ratio: Return per unit of total volatility	—	1.00	—
Sortino ratio: Return per unit of downside risk	—	1.50	—
Omega ratio: Gain probability vs. loss probability	—	1.18	—
Calmar ratio: Return relative to maximum drawdown	—	1.49	—
Martin ratio: Return relative to average drawdown	—	4.95	—

Drawdowns

QQQN vs. JSMD - Drawdown Comparison

The maximum QQQN drawdown since its inception was 0.00%, smaller than the maximum JSMD drawdown of -38.98%. Use the drawdown chart below to compare losses from any high point for QQQN and JSMD.

Drawdown Indicators

	QQQN	JSMD	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-38.98%	+38.98%
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	0.00%	-5.62%	+5.62%
Average Drawdown Average peak-to-trough decline	0.00%	-7.42%	+7.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.47%	—

Volatility

Volatility by Period

	QQQN	JSMD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.96%	—
Volatility (6M) Calculated over the trailing 6-month period	—	17.49%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	22.15%	-22.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	23.08%	-23.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	22.80%	-22.80%

QQQN vs. JSMD - Expense Ratio Comparison

QQQN has a 0.18% expense ratio, which is lower than JSMD's 0.30% expense ratio.

Dividends

QQQN vs. JSMD - Dividend Comparison

QQQN 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%
QQQN VictoryShares Nasdaq Next 50 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

Which ETF is better, QQQN or JSMD?

On fees, QQQN is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QQQN or JSMD?

QQQN is cheaper with a 0.18% expense ratio, compared with 0.30% for JSMD.

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

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

What is the main difference between QQQN and JSMD?

QQQN tracks Nasdaq Q-50 Index, while JSMD tracks Janus Small Mid Cap Growth Alpha Index. They also come from different issuers: VictoryShares and Janus Henderson. Their fees differ too: 0.18% for QQQN and 0.30% for JSMD.