VTI vs. JSMD

Last updated Jun 16, 2026

VTI (Vanguard Total Stock Market ETF) and JSMD (Janus Henderson Small/Mid Cap Growth Alpha ETF) are both exchange-traded funds - VTI is a Large Cap Blend Equities fund tracking the CRSP US Total Market Index, while JSMD is a Mid Cap Growth Equities fund tracking the Janus Small Mid Cap Growth Alpha Index. Both are passively managed. Over the past 10 years, VTI returned 15.23%/yr vs 13.87%/yr for JSMD. Their correlation of 0.84 suggests significant overlap in exposure. VTI charges 0.03%/yr vs 0.30%/yr for JSMD.

Performance

VTI vs. JSMD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Total Stock Market ETF (VTI) 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, VTI achieves a 11.46% return, which is significantly lower than JSMD's 19.55% return. Over the past 10 years, VTI has outperformed JSMD with an annualized return of 15.23%, while JSMD has yielded a comparatively lower 13.87% annualized return.

VTI

• 1D: 1.68%
• 1M: 2.70%
• YTD: 11.46%
• 6M: 11.76%
• 1Y: 28.40%
• 3Y*: 20.94%
• 5Y*: 12.71%
• 10Y*: 15.23%

JSMD

• 1D: 1.27%
• 1M: 6.04%
• YTD: 19.55%
• 6M: 17.80%
• 1Y: 31.95%
• 3Y*: 17.83%
• 5Y*: 8.38%
• 10Y*: 13.87%

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

VTI vs. JSMD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VTI Vanguard Total Stock Market ETF	11.46%	17.10%	23.81%	26.05%	-19.52%	25.68%	21.08%	30.67%	-5.23%	21.21%
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF	19.55%	9.25%	15.08%	26.81%	-22.84%	8.40%	30.79%	31.05%	-4.73%	24.46%

Correlation

The correlation between VTI and JSMD is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.86
Correlation (3Y) Calculated over the trailing 3-year period	0.85
Correlation (5Y) Calculated over the trailing 5-year period	0.88
Correlation (10Y) Calculated over the trailing 10-year period	0.85
Correlation (All Time) Calculated using the full available price history since Feb 25, 2016	0.84

The correlation between VTI and JSMD has been stable across timeframes, ranging from 0.84 to 0.88 - a consistent structural relationship.

VTI vs. JSMD - Sectors Allocation Comparison

Sectors	VTI	JSMD
Technology	33.3%	28.1%
Financial Services	11.9%	8.9%
Communication Services	10.1%	2.9%
Consumer Cyclical	9.8%	8.7%
Industrials	9.5%	23.3%
Healthcare	9.1%	18.7%
Consumer Defensive	4.7%	2.5%
Energy	3.8%	1.1%
Utilities	2.7%	-
Real Estate	2.4%	2.8%
Basic Materials	2.0%	3.0%

Return for Risk

VTI vs. JSMD — Risk / Return Rank

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

VTI

VTI Risk / Return Rank: 77
VTI Sharpe Ratio Rank: 79
VTI Sortino Ratio Rank: 77
VTI Omega Ratio Rank: 78
VTI Calmar Ratio Rank: 70
VTI Martin Ratio Rank: 81

JSMD

JSMD Risk / Return Rank: 45
JSMD Sharpe Ratio Rank: 46
JSMD Sortino Ratio Rank: 44
JSMD Omega Ratio Rank: 43
JSMD Calmar Ratio Rank: 46
JSMD Martin Ratio Rank: 47

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.

VTI vs. JSMD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Total Stock Market ETF (VTI) 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.

	VTI	JSMD	Difference
Sharpe ratio: Return per unit of total volatility	2.25	1.48	+0.78
Sortino ratio: Return per unit of downside risk	3.04	2.08	+0.96
Omega ratio: Gain probability vs. loss probability	1.41	1.26	+0.15
Calmar ratio: Return relative to maximum drawdown	3.20	2.16	+1.04
Martin ratio: Return relative to average drawdown	14.35	7.31	+7.04

VTI vs. JSMD - Sharpe Ratio Comparison

The current VTI Sharpe Ratio is 2.25, which is higher than the JSMD Sharpe Ratio of 1.48. The chart below compares the historical Sharpe Ratios of VTI 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

VTI vs. JSMD - Drawdown Comparison

The maximum VTI drawdown since its inception was -55.45%, which is greater than JSMD's maximum drawdown of -38.98%. Use the drawdown chart below to compare losses from any high point for VTI and JSMD.

Drawdown Indicators

	VTI	JSMD	Difference
Max Drawdown Largest peak-to-trough decline	-55.45%	-38.98%	-16.47%
Max Drawdown (1Y) Largest decline over 1 year	-8.92%	-14.86%	+5.94%
Max Drawdown (3Y) Largest decline over 3 years	-19.30%	-24.01%	+4.71%
Max Drawdown (5Y) Largest decline over 5 years	-25.36%	-32.18%	+6.82%
Max Drawdown (10Y) Largest decline over 10 years	-35.00%	-38.98%	+3.98%
Current Drawdown Current decline from peak	-0.49%	0.00%	-0.49%
Average Drawdown Average peak-to-trough decline	-8.02%	-7.46%	-0.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.98%	4.38%	-2.40%

Volatility

VTI vs. JSMD - Volatility Comparison

The current volatility for Vanguard Total Stock Market ETF (VTI) is 4.74%, while Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD) has a volatility of 8.24%. This indicates that VTI 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

	VTI	JSMD	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.74%	8.24%	-3.50%
Volatility (6M) Calculated over the trailing 6-month period	9.94%	17.21%	-7.27%
Volatility (1Y) Calculated over the trailing 1-year period	12.69%	21.80%	-9.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.49%	22.99%	-5.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.34%	22.83%	-4.49%

VTI vs. JSMD - Expense Ratio Comparison

VTI has a 0.03% expense ratio, which is lower than JSMD's 0.30% expense ratio.

Dividends

VTI vs. JSMD - Dividend Comparison

VTI's dividend yield for the trailing twelve months is around 1.01%, more than JSMD's 0.46% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF	0.46%	0.54%	0.76%	0.44%	0.40%	0.28%	0.24%	0.32%	0.53%	0.30%	0.36%	0.00%
VTI Vanguard Total Stock Market ETF	1.01%	1.12%	1.27%	1.44%	1.66%	1.21%	1.42%	1.78%	2.04%	1.71%	1.92%	1.98%

Frequently Asked Questions

Can I hold both VTI and JSMD in my portfolio?

VTI and JSMD have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VTI or JSMD?

JSMD has higher volatility (8.24%) compared to VTI (4.74%). In terms of maximum drawdown, VTI dropped -55.45% vs JSMD's -38.98%.

Which ETF is better, VTI or JSMD?

On 10-year performance, VTI leads with 15.23% vs 13.87% for JSMD. On fees, VTI is cheaper at 0.03% per year. On volatility, VTI has been the lower-risk option at 4.74%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VTI or JSMD?

Over the 10-year period, VTI has performed better with a 15.23% return vs 13.87%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VTI or JSMD?

VTI is cheaper with a 0.03% expense ratio, compared with 0.30% for JSMD.

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

VTI has the higher dividend yield at 1.01%, compared with 0.46% for JSMD.

What is the main difference between VTI and JSMD?

VTI is categorized as Large Cap Blend Equities, while JSMD is Mid Cap Growth Equities. VTI tracks CRSP US Total Market Index, while JSMD tracks Janus Small Mid Cap Growth Alpha Index. They also come from different issuers: Vanguard and Janus Henderson. Their fees differ too: 0.03% for VTI and 0.30% for JSMD.

Which has better risk-adjusted returns?

VTI currently has the higher Sharpe Ratio (2.25 vs 1.48), 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.