VOT vs. JSMD

Last updated Apr 3, 2026

Compare and contrast key facts about Vanguard Mid-Cap Growth ETF (VOT) and Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD).

VOT and JSMD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VOT is a passively managed fund by Vanguard that tracks the performance of the CRSP US Mid Cap Growth Index. It was launched on Aug 17, 2006. 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. Both VOT and JSMD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

VOT vs. JSMD - Performance Comparison

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

VOT vs. JSMD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VOT Vanguard Mid-Cap Growth ETF	-6.17%	10.72%	16.38%	23.10%	-28.87%	20.50%	34.50%	33.76%	-5.56%	21.80%
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF	-1.44%	9.25%	15.08%	26.81%	-22.84%	8.40%	30.79%	31.05%	-4.73%	24.46%

Returns By Period

In the year-to-date period, VOT achieves a -6.17% return, which is significantly lower than JSMD's -1.44% return. Over the past 10 years, VOT has underperformed JSMD with an annualized return of 10.84%, while JSMD has yielded a comparatively higher 12.00% annualized return.

VOT

• 1D: 0.33%
• 1M: -4.74%
• YTD: -6.17%
• 6M: -11.38%
• 1Y: 5.73%
• 3Y*: 11.14%
• 5Y*: 4.37%
• 10Y*: 10.84%

JSMD

• 1D: 1.20%
• 1M: -5.91%
• YTD: -1.44%
• 6M: -3.30%
• 1Y: 15.48%
• 3Y*: 13.34%
• 5Y*: 3.93%
• 10Y*: 12.00%

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

VOT vs. JSMD - Expense Ratio Comparison

VOT has a 0.07% expense ratio, which is lower than JSMD's 0.30% expense ratio.

JSMD

Janus Henderson Small/Mid Cap Growth Alpha ETF

VOT

Vanguard Mid-Cap Growth ETF

Return for Risk

VOT vs. JSMD — Risk / Return Rank

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

VOT

VOT Risk / Return Rank: 19
VOT Sharpe Ratio Rank: 18
VOT Sortino Ratio Rank: 19
VOT Omega Ratio Rank: 18
VOT Calmar Ratio Rank: 19
VOT Martin Ratio Rank: 19

JSMD

JSMD Risk / Return Rank: 34
JSMD Sharpe Ratio Rank: 32
JSMD Sortino Ratio Rank: 34
JSMD Omega Ratio Rank: 30
JSMD Calmar Ratio Rank: 38
JSMD Martin Ratio Rank: 35

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.

VOT vs. JSMD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Mid-Cap Growth ETF (VOT) 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.

	VOT	JSMD	Difference
Sharpe ratio Return per unit of total volatility	0.27	0.63	-0.36
Sortino ratio Return per unit of downside risk	0.54	1.04	-0.50
Omega ratio Gain probability vs. loss probability	1.07	1.13	-0.06
Calmar ratio Return relative to maximum drawdown	0.43	1.04	-0.60
Martin ratio Return relative to average drawdown	1.32	3.34	-2.02
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VOT vs. JSMD - Sharpe Ratio Comparison

The current VOT Sharpe Ratio is 0.27, which is lower than the JSMD Sharpe Ratio of 0.63. The chart below compares the historical Sharpe Ratios of VOT and JSMD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	VOT	JSMD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.27	0.63	-0.36
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.21	0.17	+0.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.52	0.53	-0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.42	0.56	-0.14

Correlation

The correlation between VOT and JSMD is 0.87, 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.

Dividends

VOT vs. JSMD - Dividend Comparison

VOT's dividend yield for the trailing twelve months is around 0.71%, more than JSMD's 0.56% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VOT Vanguard Mid-Cap Growth ETF	0.71%	0.64%	0.67%	0.71%	0.78%	0.34%	0.56%	0.78%	0.84%	0.72%	0.81%	0.81%
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF	0.56%	0.54%	0.76%	0.44%	0.40%	0.28%	0.24%	0.32%	0.53%	0.30%	0.36%	0.00%

Drawdowns

VOT vs. JSMD - Drawdown Comparison

The maximum VOT drawdown since its inception was -60.16%, which is greater than JSMD's maximum drawdown of -38.98%. Use the drawdown chart below to compare losses from any high point for VOT and JSMD.

Drawdown Indicators

	VOT	JSMD	Difference
Max Drawdown Largest peak-to-trough decline	-60.16%	-38.98%	-21.18%
Max Drawdown (1Y) Largest decline over 1 year	-15.96%	-14.86%	-1.10%
Max Drawdown (5Y) Largest decline over 5 years	-37.19%	-32.18%	-5.01%
Max Drawdown (10Y) Largest decline over 10 years	-37.19%	-38.98%	+1.79%
Current Drawdown Current decline from peak	-11.99%	-9.46%	-2.53%
Average Drawdown Average peak-to-trough decline	-10.01%	-7.58%	-2.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.22%	4.60%	+0.62%

Volatility

VOT vs. JSMD - Volatility Comparison

The current volatility for Vanguard Mid-Cap Growth ETF (VOT) is 6.57%, while Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD) has a volatility of 9.64%. This indicates that VOT 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

	VOT	JSMD	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.57%	9.64%	-3.07%
Volatility (6M) Calculated over the trailing 6-month period	12.40%	16.72%	-4.32%
Volatility (1Y) Calculated over the trailing 1-year period	21.04%	24.53%	-3.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.32%	22.67%	-1.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.92%	22.64%	-1.72%