TEKX vs. JSMD

Last updated Jul 17, 2026

TEKX (SPDR Galaxy Transformative Tech Accelerators ETF) and JSMD (Janus Henderson Small/Mid Cap Growth Alpha ETF) are both Mid Cap Growth Equities funds. TEKX is actively managed, while JSMD is passively managed. Over the past year, TEKX returned 99.99% vs 22.75% for JSMD. A 0.70 correlation means they provide meaningful diversification when combined. TEKX charges 0.65%/yr vs 0.30%/yr for JSMD.

Performance

TEKX vs. JSMD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR Galaxy Transformative Tech Accelerators ETF (TEKX) 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, TEKX achieves a 63.09% return, which is significantly higher than JSMD's 17.41% return.

TEKX

• 1D: -2.69%
• 1M: -8.18%
• 6M: 42.48%
• YTD: 63.09%
• 1Y: 99.99%
• 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)

TEKX vs. JSMD - Yearly Performance Comparison

	2026 (YTD)	2025	2024
TEKX SPDR Galaxy Transformative Tech Accelerators ETF	63.09%	40.92%	16.00%
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF	17.41%	9.25%	12.36%

Correlation

The correlation between TEKX and JSMD is 0.74, 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	0.74
Correlation (All Time) Calculated using the full available price history since Sep 10, 2024	0.70

The correlation between TEKX and JSMD has been stable across timeframes, ranging from 0.70 to 0.74 - a consistent structural relationship.

TEKX vs. JSMD - Sectors Allocation Comparison

Sectors	TEKX	JSMD
Technology	54.1%	28.1%
Financial Services	24.5%	8.9%
Industrials	11.2%	23.3%
Utilities	5.3%	-
Basic Materials	3.6%	3.0%
Communication Services	1.7%	2.9%
Consumer Cyclical	1.5%	8.7%
Energy	1.4%	1.1%
Consumer Defensive	1.3%	2.5%
Healthcare	-	18.7%
Real Estate	-	2.8%

Return for Risk

TEKX vs. JSMD — Risk / Return Rank

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

TEKX

TEKX Risk / Return Rank: 90
TEKX Sharpe Ratio Rank: 93
TEKX Sortino Ratio Rank: 87
TEKX Omega Ratio Rank: 83
TEKX Calmar Ratio Rank: 94
TEKX Martin Ratio Rank: 92

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.

TEKX vs. JSMD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR Galaxy Transformative Tech Accelerators ETF (TEKX) 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.

	TEKX	JSMD	Difference
Sharpe ratio: Return per unit of total volatility	2.67	1.03	+1.64
Sortino ratio: Return per unit of downside risk	3.19	1.54	+1.65
Omega ratio: Gain probability vs. loss probability	1.40	1.19	+0.21
Calmar ratio: Return relative to maximum drawdown	5.61	1.54	+4.07
Martin ratio: Return relative to average drawdown	17.54	5.12	+12.42

TEKX vs. JSMD - Sharpe Ratio Comparison

The current TEKX Sharpe Ratio is 2.67, which is higher than the JSMD Sharpe Ratio of 1.03. The chart below compares the historical Sharpe Ratios of TEKX 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

TEKX vs. JSMD - Drawdown Comparison

The maximum TEKX drawdown since its inception was -45.57%, which is greater than JSMD's maximum drawdown of -38.98%. Use the drawdown chart below to compare losses from any high point for TEKX and JSMD.

Drawdown Indicators

	TEKX	JSMD	Difference
Max Drawdown Largest peak-to-trough decline	-45.57%	-38.98%	-6.59%
Max Drawdown (1Y) Largest decline over 1 year	-17.92%	-14.86%	-3.06%
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	-10.97%	-5.59%	-5.38%
Average Drawdown Average peak-to-trough decline	-9.96%	-7.42%	-2.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.72%	4.45%	+1.27%

Volatility

TEKX vs. JSMD - Volatility Comparison

SPDR Galaxy Transformative Tech Accelerators ETF (TEKX) has a higher volatility of 7.92% compared to Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD) at 6.01%. This indicates that TEKX'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

	TEKX	JSMD	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.92%	6.01%	+1.91%
Volatility (6M) Calculated over the trailing 6-month period	29.89%	17.49%	+12.40%
Volatility (1Y) Calculated over the trailing 1-year period	37.65%	22.16%	+15.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.03%	23.09%	+20.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.03%	22.80%	+21.23%

TEKX vs. JSMD - Expense Ratio Comparison

TEKX has a 0.65% expense ratio, which is higher than JSMD's 0.30% expense ratio.

Dividends

TEKX vs. JSMD - Dividend Comparison

TEKX's dividend yield for the trailing twelve months is around 0.22%, less than JSMD's 0.43% yield.

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%
TEKX SPDR Galaxy Transformative Tech Accelerators ETF	0.22%	0.36%	3.47%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TEKX and JSMD in my portfolio?

TEKX and JSMD have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TEKX or JSMD?

TEKX has higher volatility (7.92%) compared to JSMD (6.01%). In terms of maximum drawdown, TEKX dropped -45.57% vs JSMD's -38.98%.

Which ETF is better, TEKX or JSMD?

On 1-year performance, TEKX leads with 99.99% vs 22.75% for JSMD. On fees, JSMD is cheaper at 0.30% per year. On volatility, JSMD has been the lower-risk option at 6.01%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TEKX or JSMD?

Over the 1-year period, TEKX has performed better with a 99.99% return vs 22.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TEKX or JSMD?

JSMD is cheaper with a 0.30% expense ratio, compared with 0.65% for TEKX.

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

JSMD has the higher dividend yield at 0.43%, compared with 0.22% for TEKX.

What is the main difference between TEKX and JSMD?

They also come from different issuers: State Street Global Advisors and Janus Henderson. Their fees differ too: 0.65% for TEKX and 0.30% for JSMD.

Which has better risk-adjusted returns?

TEKX currently has the higher Sharpe Ratio (2.67 vs 1.03), 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.