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
$ 1.0 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 | 4.6 % |
| BLOOM ENERGY CORPORATION CLASS A | 2.7 % |
| JABIL CIRCUIT INC | 2.5 % |
| FABRINET | 1.9 % |
| RYMAN HOSPITALITY PROPERTIES | 1.8 % |
| PIPER SANDLER COS | 1.7 % |
| POWELL INDUSTRIES INC | 1.7 % |
| STERLING CONSTRUCTION CO | 1.7 % |
| GRIFFON CORPORATION | 1.7 % |
| TAPESTRY, INC. | 1.6 % |
Constituent Breakdown
| Number of holdings | 122 |
| Herfindahl-Hirschman Index | 120 |
| Wgt avg mkt cap (mns) | $6,958 |
| Large cap (>$10bn) | 20.4% |
| Mid cap ($2-10bn) | 56.6% |
| Small cap (<$2bn) | 14.3% |
| Developed mkts. | 92.0% |
| Emerging mkts. | 0.5% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 87.0 % |
 |
CAYMAN ISLANDS | 2.3 % |
 |
CANADA | 1.5 % |
 |
NETHERLANDS | 1.0 % |
 |
BRAZIL | 0.5 % |
Historical Performance
Standardized Performance (as of 04/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 9.2% | 28.9% | 16.5% | 16.8% | 5.5% | 12.6% | -- | 13.2% |
| Dividend Yield | 0.1% | 0.7% | 0.8% | 0.7% | 0.5% | 0.5% | -- | 0.5% |
| Total Returns | 9.3% | 29.6% | 17.3% | 17.5% | 6.0% | 13.1% | -- | 13.7% | Ann. Volatility | 24.4% | 21.4% | 22.0% | 20.8% | 22.8% | 22.9% | -- | 22.8% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.44 | 69% |
| MSCI EAFE | 1.03 | 48% |
| MSCI Emg Mkts | 0.80 | 47% |
Liquidity Measures
| Avg. volume (000) | 107 |
| ADV traded (mns) | $10 |
| Turnover | 1.0% |
| Avg. Bid/Ask (% of price) | 0.24% |
Technical Indicators
| 30d moving avg. (EMA) | $89.75 |
| Relative strength (RSI) | 59 |
| MACD/Signal | 1.47/1.72 |
| Bollinger Bands (Upper/Lower) | $94.96/$87.15 |
| 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 | 54.2% | 0 bp | -1.0% |
| RZG | Invesco S&P Smallcap 600 Pure Growth ETF | 21.8% | +5 bp | -0.3% |
| IWO | iShares Russell 2000 Growth ETF | 21.4% | -6 bp | -3.7% |
| PSC | Principal U.S. Small-Cap ETF | 19.4% | +8 bp | -0.1% |
| VTWG | Vanguard Russell 2000 Growth ETF | 18.9% | -20 bp | -3.5% |
| GRNJ | Fundstrat Granny Shots US Small & Mid Cap ETF | 18.0% | +45 bp | -2.6% |
| VIOG | Vanguard S&P Small-Cap 600 Growth ETF | 17.3% | -20 bp | -0.4% |
| FNY | First Trust Mid Cap Growth AlphaDEX Fund | 16.7% | +40 bp | -2.0% |
| SLYG | State Street SPDR S&P 600 Small Cap Growth ETF | 16.7% | -15 bp | -0.3% |
| VBK | Vanguard Small-Cap Growth ETF | 16.5% | -23 bp | -3.0% |
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 5/25/2026
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
4.9%
ALTAR SCORE™
41st
PERCENTILE
NEUTRAL
ETFRC RATING
There are 1,349 funds in the US Equity category with an average
ALTAR Score™ of 5.4% and a standard deviation
of 2.0%. JSMD's ALTAR Score™ is approximately -0.2 standard
deviations above the category average. This places JSMD in the 41st percentile
among funds in the category.
Sell-Side Consensus
$103.08
PRICE TARGET
+10.6%
UPSIDE