SFYX vs. JSMD

Last updated Jul 18, 2026

SFYX (SoFi Next 500 ETF) and JSMD (Janus Henderson Small/Mid Cap Growth Alpha ETF) are both Mid Cap Growth Equities funds - SFYX tracks the Solactive SoFi US Next 500 Growth Index while JSMD tracks the Janus Small Mid Cap Growth Alpha Index. Both are passively managed. Their correlation of 0.87 suggests significant overlap in exposure. SFYX charges 0.00%/yr vs 0.30%/yr for JSMD.

Performance

SFYX vs. JSMD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SoFi Next 500 ETF (SFYX) and Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SFYX

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

JSMD

• 1D: -0.04%
• 1M: -0.75%
• 6M: 9.47%
• YTD: 17.37%
• 1Y: 22.04%
• 3Y*: 14.33%
• 5Y*: 8.55%
• 10Y*: 13.19%

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

SFYX vs. JSMD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
SFYX SoFi Next 500 ETF	5.66%	14.25%	14.45%	17.70%	-22.88%	18.89%	17.63%	7.27%
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF	17.37%	9.25%	15.08%	26.81%	-22.84%	8.40%	30.79%	8.09%

Correlation

The correlation between SFYX and JSMD is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.62
Correlation (3Y) Calculated over the trailing 3-year period	0.79
Correlation (5Y) Calculated over the trailing 5-year period	0.86
Correlation (All Time) Calculated using the full available price history since Apr 11, 2019	0.87

Over the past year, the correlation between SFYX and JSMD has dropped to 0.62 - well below their long-term average of 0.87, suggesting their price drivers have been diverging.

SFYX vs. JSMD - Sectors Allocation Comparison

Sectors	SFYX	JSMD
Industrials	22.3%	23.3%
Technology	16.0%	28.1%
Financial Services	15.0%	8.9%
Healthcare	12.0%	18.7%
Consumer Cyclical	9.9%	8.7%
Real Estate	7.3%	2.8%
Energy	4.8%	1.1%
Communication Services	4.0%	2.9%
Basic Materials	3.4%	3.0%
Consumer Defensive	3.0%	2.5%
Utilities	2.3%	-

Return for Risk

SFYX vs. JSMD — Risk / Return Rank

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

SFYX

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.

SFYX vs. JSMD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SoFi Next 500 ETF (SFYX) 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.

	SFYX	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

Drawdown Indicators

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

Volatility

Volatility by Period

	SFYX	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	—	22.15%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	23.08%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	22.80%	—

SFYX vs. JSMD - Expense Ratio Comparison

SFYX has a 0.00% expense ratio, which is lower than JSMD's 0.30% expense ratio.

Dividends

SFYX vs. JSMD - Dividend Comparison

SFYX 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%
SFYX SoFi Next 500 ETF	0.67%	1.44%	1.25%	1.51%	1.56%	0.90%	1.16%	1.02%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SFYX and JSMD in my portfolio?

SFYX and JSMD have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SFYX or JSMD?

On fees, SFYX is cheaper at 0.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SFYX or JSMD?

SFYX is cheaper with a 0.00% expense ratio, compared with 0.30% for JSMD.

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

SFYX has the higher dividend yield at 0.67%, compared with 0.43% for JSMD.

What is the main difference between SFYX and JSMD?

SFYX tracks Solactive SoFi US Next 500 Growth Index, while JSMD tracks Janus Small Mid Cap Growth Alpha Index. They also come from different issuers: Toroso Investments and Janus Henderson. Their fees differ too: 0.00% for SFYX and 0.30% for JSMD.