TMSL vs. JSMD
Compare and contrast key facts about T. Rowe Price Small-Mid Cap ETF (TMSL) and Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD).
TMSL and JSMD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TMSL is an actively managed fund by T. Rowe Price. It was launched on Jun 14, 2023. JSMD is a passively managed fund by Janus Henderson that tracks the performance of the Janus Small Mid Cap Growth Alpha Index. It was launched on Feb 25, 2016.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TMSL or JSMD.
Correlation
The correlation between TMSL and JSMD is 0.81, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
TMSL vs. JSMD - Performance Comparison
Key characteristics
TMSL:
0.19
JSMD:
0.43
TMSL:
0.43
JSMD:
0.77
TMSL:
1.06
JSMD:
1.10
TMSL:
0.18
JSMD:
0.41
TMSL:
0.59
JSMD:
1.22
TMSL:
7.26%
JSMD:
8.08%
TMSL:
22.09%
JSMD:
22.73%
TMSL:
-24.39%
JSMD:
-38.98%
TMSL:
-12.67%
JSMD:
-13.13%
Returns By Period
In the year-to-date period, TMSL achieves a -5.19% return, which is significantly lower than JSMD's -4.69% return.
TMSL
-5.19%
5.83%
-4.74%
1.96%
N/A
N/A
JSMD
-4.69%
6.13%
-0.80%
7.43%
12.58%
N/A
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TMSL vs. JSMD - Expense Ratio Comparison
TMSL has a 0.55% expense ratio, which is higher than JSMD's 0.30% expense ratio.
Risk-Adjusted Performance
TMSL vs. JSMD — Risk-Adjusted Performance Rank
TMSL
JSMD
TMSL vs. JSMD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Small-Mid Cap ETF (TMSL) 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.
Dividends
TMSL vs. JSMD - Dividend Comparison
TMSL's dividend yield for the trailing twelve months is around 0.46%, less than JSMD's 0.79% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
TMSL T. Rowe Price Small-Mid Cap ETF | 0.46% | 0.44% | 0.34% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF | 0.79% | 0.76% | 0.44% | 0.40% | 0.28% | 0.24% | 0.32% | 0.53% | 0.30% | 0.37% |
Drawdowns
TMSL vs. JSMD - Drawdown Comparison
The maximum TMSL drawdown since its inception was -24.39%, smaller than the maximum JSMD drawdown of -38.98%. Use the drawdown chart below to compare losses from any high point for TMSL and JSMD. For additional features, visit the drawdowns tool.
Volatility
TMSL vs. JSMD - Volatility Comparison
T. Rowe Price Small-Mid Cap ETF (TMSL) has a higher volatility of 15.16% compared to Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD) at 13.66%. This indicates that TMSL'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.