JSMD
Janus Henderson Small/Mid Cap Growth Alpha ETF
The Janus Small/Mid Cap Growth Alpha ETF tracks an index of US small- and midcap stocks with strong fundamental measures of growth, profitability and capital efficiency. Holdings are market cap-weighted within sectors; sectors are weighted to align with the actively-managed Janus Triton Fund.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 1.1 B
ASSETS UNDER MGMT
30 bp
EXPENSES
Fund Basics
| Inception date | Feb 23, 2016 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Quarterly |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| COMFORT SYSTEMS USA INC | 3.5 % |
| BLOOM ENERGY CORPORATION CLASS A | 2.8 % |
| STERLING CONSTRUCTION CO | 2.6 % |
| JABIL CIRCUIT INC | 2.4 % |
| ASTERA LABS INC | 2.4 % |
| RYMAN HOSPITALITY PROPERTIES | 1.9 % |
| ROCKET LAB CORP | 1.7 % |
| POWELL INDUSTRIES INC | 1.7 % |
| COMMVAULT SYSTEMS INC | 1.7 % |
| PIPER SANDLER COS | 1.6 % |
Constituent Breakdown
| Number of holdings | 119 |
| Herfindahl-Hirschman Index | 120 |
| Wgt avg mkt cap (mns) | $6,958 |
| Large cap (>$10bn) | 36.1% |
| Mid cap ($2-10bn) | 51.2% |
| Small cap (<$2bn) | 7.6% |
| Developed mkts. | 95.2% |
| Emerging mkts. | 0.3% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 91.7 % |
 |
CAYMAN ISLANDS | 1.8 % |
 |
NETHERLANDS | 0.9 % |
 |
CANADA | 0.8 % |
Historical Performance
Standardized Performance (as of 06/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 24.1% | 30.4% | 23.4% | 17.7% | 8.4% | 13.8% | -- | 14.4% |
| Dividend Yield | 0.2% | 0.6% | 0.8% | 0.7% | 0.6% | 0.5% | -- | 0.5% |
| Total Returns | 24.4% | 31.0% | 24.2% | 18.4% | 9.0% | 14.3% | -- | 14.9% | Ann. Volatility | 24.4% | 21.9% | 22.8% | 21.2% | 23.0% | 22.8% | -- | 22.6% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.49 | 72% |
| MSCI EAFE | 1.03 | 54% |
| MSCI Emg Mkts | 0.70 | 53% |
Liquidity Measures
| Avg. volume (000) | 74 |
| ADV traded (mns) | $7 |
| Turnover | 0.7% |
| Avg. Bid/Ask (% of price) | 0.25% |
Technical Indicators
| 30d moving avg. (EMA) | $96.08 |
| Relative strength (RSI) | 57 |
| MACD/Signal | 1.66/1.64 |
| Bollinger Bands (Upper/Lower) | $101.36/$92.48 |
| Short interest (% of AUM) | 0.4% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. JSMD |
Expenses vs. JSMD |
ALTAR Score™ vs. JSMD |
|---|---|---|---|---|
| JSML | Janus Henderson Small Cap Growth Alpha ETF | 58.2% | 0 bp | -1.1% |
| IWO | iShares Russell 2000 Growth ETF | 23.9% | -6 bp | -3.6% |
| PSC | Principal U.S. Small-Cap ETF | 20.5% | +8 bp | -0.2% |
| VTWG | Vanguard Russell 2000 Growth ETF | 20.4% | -20 bp | -3.4% |
| OMFS | Invesco Russell 2000 Dynamic Multifactor ETF | 18.8% | +9 bp | -0.9% |
| GRNJ | Fundstrat Granny Shots US Small & Mid Cap ETF | 18.4% | +45 bp | -2.3% |
| RZG | Invesco S&P Smallcap 600 Pure Growth ETF | 18.2% | +5 bp | -0.6% |
| VBK | Vanguard Small-Cap Growth ETF | 17.8% | -23 bp | -2.9% |
| IJT | iShares S&P Small-Cap 600 Growth ETF | 17.3% | -12 bp | -0.5% |
| VIOG | Vanguard S&P Small-Cap 600 Growth ETF | 17.3% | -20 bp | -0.6% |
Risk and Returns: JSMD vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 7/11/2026
Peer Group Comparison
Sample data. Subscribe for access.
Historical Valuation Trends Sample data. Subscribe for access.
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
Some content on this tab for Individual & Professional subscribers only. Start your FREE trial
ETF Research Center Rating
4.8%
ALTAR SCORE™
40th
PERCENTILE
NEUTRAL
ETFRC RATING
There are 1,396 funds in the US Equity category with an average
ALTAR Score™ of 5.3% and a standard deviation
of 2.1%. JSMD's ALTAR Score™ is approximately -0.3 standard
deviations above the category average. This places JSMD in the 40th percentile
among funds in the category.
Sell-Side Consensus
$104.24
PRICE TARGET
+6.9%
UPSIDE