SCRD vs. JSMD

Last updated Jun 4, 2026

SCRD (Janus Henderson Corporate Bond ETF) and JSMD (Janus Henderson Small/Mid Cap Growth Alpha ETF) are both exchange-traded funds - SCRD is a Corporate Bonds fund actively managed by Janus Henderson, while JSMD is a Mid Cap Growth Equities fund tracking the Janus Small Mid Cap Growth Alpha Index. SCRD is actively managed, while JSMD is passively managed. Over the past 3 years, SCRD returned 5.54%/yr vs 18.39%/yr for JSMD. At a 0.33 correlation, their price movements are largely independent. SCRD charges 0.35%/yr vs 0.30%/yr for JSMD.

Performance

SCRD vs. JSMD - Performance Comparison

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

Returns By Period

In the year-to-date period, SCRD achieves a 0.24% return, which is significantly lower than JSMD's 17.31% return.

SCRD

• 1D: -0.21%
• 1M: 0.42%
• YTD: 0.24%
• 6M: 0.13%
• 1Y: 6.25%
• 3Y*: 5.54%
• 5Y*: —
• 10Y*: —

JSMD

• 1D: -0.84%
• 1M: 7.56%
• YTD: 17.31%
• 6M: 15.14%
• 1Y: 28.07%
• 3Y*: 18.39%
• 5Y*: 7.75%
• 10Y*: 13.40%

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

SCRD vs. JSMD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
SCRD Janus Henderson Corporate Bond ETF	0.24%	7.77%	3.21%	8.76%	-15.99%	-1.25%
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF	17.31%	9.25%	15.08%	26.81%	-22.84%	-0.74%

Correlation

The correlation between SCRD and JSMD is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (3Y) Calculated over the trailing 3-year period	0.36
Correlation (All Time) Calculated using the full available price history since Sep 10, 2021	0.33

The correlation between SCRD and JSMD shifts across timeframes, from 0.33 (all time) to 0.45 (1 year), reflecting how their relationship changes across market environments.

SCRD vs. JSMD - Sectors Allocation Comparison

Sectors	SCRD	JSMD
Financial Services	25.0%	9.1%
Healthcare	12.5%	19.5%
Industrials	8.2%	26.6%
Consumer Defensive	6.6%	2.1%
Consumer Cyclical	5.9%	9.4%
Real Estate	5.8%	3.8%
Technology	4.5%	18.7%
Communication Services	2.4%	3.4%
Energy	2.3%	1.7%
Basic Materials	2.2%	2.5%
Utilities	1.9%	-

Return for Risk

SCRD vs. JSMD — Risk / Return Rank

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

SCRD

SCRD Risk / Return Rank: 47
SCRD Sharpe Ratio Rank: 47
SCRD Sortino Ratio Rank: 50
SCRD Omega Ratio Rank: 47
SCRD Calmar Ratio Rank: 45
SCRD Martin Ratio Rank: 47

JSMD

JSMD Risk / Return Rank: 36
JSMD Sharpe Ratio Rank: 36
JSMD Sortino Ratio Rank: 34
JSMD Omega Ratio Rank: 34
JSMD Calmar Ratio Rank: 38
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.

SCRD vs. JSMD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Corporate Bond ETF (SCRD) 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.

	SCRD	JSMD	Difference
Sharpe ratio: Return per unit of total volatility	1.62	1.30	+0.32
Sortino ratio: Return per unit of downside risk	2.41	1.84	+0.57
Omega ratio: Gain probability vs. loss probability	1.29	1.23	+0.06
Calmar ratio: Return relative to maximum drawdown	2.19	1.90	+0.29
Martin ratio: Return relative to average drawdown	7.63	6.40	+1.23
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SCRD vs. JSMD - Sharpe Ratio Comparison

The current SCRD Sharpe Ratio is 1.62, which is comparable to the JSMD Sharpe Ratio of 1.30. The chart below compares the historical Sharpe Ratios of SCRD 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.

Sharpe Ratios by Period

	SCRD	JSMD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.62	1.30	+0.32
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.34	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.59	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.02	0.64	-0.62

Drawdowns

SCRD vs. JSMD - Drawdown Comparison

The maximum SCRD drawdown since its inception was -21.17%, smaller than the maximum JSMD drawdown of -38.98%. Use the drawdown chart below to compare losses from any high point for SCRD and JSMD.

Drawdown Indicators

	SCRD	JSMD	Difference
Max Drawdown Largest peak-to-trough decline	-21.17%	-38.98%	+17.81%
Max Drawdown (1Y) Largest decline over 1 year	-2.87%	-14.86%	+11.99%
Max Drawdown (3Y) Largest decline over 3 years	-6.84%	-24.01%	+17.17%
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	-0.97%	-0.84%	-0.13%
Average Drawdown Average peak-to-trough decline	-8.77%	-7.48%	-1.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.82%	4.40%	-3.58%

Volatility

SCRD vs. JSMD - Volatility Comparison

The current volatility for Janus Henderson Corporate Bond ETF (SCRD) is 1.25%, while Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD) has a volatility of 6.73%. This indicates that SCRD 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.

Volatility by Period

	SCRD	JSMD	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.25%	6.73%	-5.48%
Volatility (6M) Calculated over the trailing 6-month period	2.78%	16.16%	-13.38%
Volatility (1Y) Calculated over the trailing 1-year period	3.88%	21.70%	-17.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.32%	22.83%	-16.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.32%	22.75%	-16.43%

SCRD vs. JSMD - Expense Ratio Comparison

SCRD has a 0.35% expense ratio, which is higher than JSMD's 0.30% expense ratio.

Dividends

SCRD vs. JSMD - Dividend Comparison

SCRD's dividend yield for the trailing twelve months is around 5.44%, more than JSMD's 0.47% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF	0.47%	0.54%	0.76%	0.44%	0.40%	0.28%	0.24%	0.32%	0.53%	0.30%	0.36%
SCRD Janus Henderson Corporate Bond ETF	5.44%	5.28%	5.36%	3.99%	2.77%	0.83%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SCRD and JSMD in my portfolio?

SCRD and JSMD have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SCRD or JSMD?

JSMD has higher volatility (6.73%) compared to SCRD (1.25%). In terms of maximum drawdown, SCRD dropped -21.17% vs JSMD's -38.98%.

Which ETF is better, SCRD or JSMD?

On 3-year performance, JSMD leads with 18.39% vs 5.54% for SCRD. On fees, JSMD is cheaper at 0.30% per year. On volatility, SCRD has been the lower-risk option at 1.25%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SCRD or JSMD?

Over the 3-year period, JSMD has performed better with a 18.39% return vs 5.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SCRD or JSMD?

JSMD is cheaper with a 0.30% expense ratio, compared with 0.35% for SCRD.

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

SCRD has the higher dividend yield at 5.44%, compared with 0.47% for JSMD.

What is the main difference between SCRD and JSMD?

SCRD is categorized as Corporate Bonds, while JSMD is Mid Cap Growth Equities. Their fees differ too: 0.35% for SCRD and 0.30% for JSMD.

Which has better risk-adjusted returns?

SCRD currently has the higher Sharpe Ratio (1.62 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.