JSML
Janus Henderson Small Cap Growth Alpha ETF
The Janus Small Cap Growth Alpha ETF tracks an index of US small-cap 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 Venture Fund.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 274.4 M
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 | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| CREDO TECHNOLOGY GROUP HOLDING LTD. | 2.2 % |
| ENOVA INTERNATIONAL INC | 2.0 % |
| RYMAN HOSPITALITY PROPERTIES | 2.0 % |
| INTERDIGITAL INC | 1.9 % |
| ATMUS FILTRATION TECHNOLOGIES, INC. | 1.8 % |
| CATALYST PHARMACEUTICAL PART | 1.7 % |
| WORKIVA, INC. CLASS A | 1.7 % |
| ARGAN INC | 1.7 % |
| HAEMONETICS CORP/MASS | 1.7 % |
| CACTUS, INC. CLASS A | 1.7 % |
Constituent Breakdown
| Number of holdings | 122 |
| Herfindahl-Hirschman Index | 109 |
| Wgt avg mkt cap (mns) | $4,714 |
| Large cap (>$10bn) | 9.3% |
| Mid cap ($2-10bn) | 61.3% |
| Small cap (<$2bn) | 22.0% |
| Developed mkts. | 95.2% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 88.8 % |
 |
CANADA | 2.9 % |
 |
CAYMAN ISLANDS | 2.8 % |
 |
IRELAND | 0.8 % |
Historical Performance
Standardized Performance (as of 02/28/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 2.9% | 19.5% | 12.9% | 13.4% | 2.4% | 11.6% | -- | 11.6% |
| Dividend Yield | 0.0% | 1.3% | 1.3% | 1.1% | 0.8% | 0.7% | -- | 0.7% |
| Total Returns | 2.9% | 20.7% | 14.2% | 14.5% | 3.2% | 12.3% | -- | 12.3% | Ann. Volatility | 18.7% | 23.3% | 21.7% | 21.6% | 24.1% | 24.6% | -- | 24.6% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.01 | 70% |
| MSCI EAFE | 0.96 | 46% |
| MSCI Emg Mkts | 0.86 | 45% |
Liquidity Measures
| Avg. volume (000) | 19 |
| ADV traded (mns) | $1 |
| Turnover | 0.5% |
| Avg. Bid/Ask (% of price) | 0.35% |
Technical Indicators
| 30d moving avg. (EMA) | $76.16 |
| Relative strength (RSI) | 50 |
| MACD/Signal | -0.07/-0.07 |
| Bollinger Bands (Upper/Lower) | $77.62/$74.51 |
| Short interest (% of AUM) | 0.3% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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. JSML |
Expenses vs. JSML |
ALTAR Score™ vs. JSML |
|---|---|---|---|---|
| JSMD | Janus Henderson Small/Mid Cap Growth Alpha ETF | 54.3% | 0 bp | +1.1% |
| IWO | iShares Russell 2000 Growth ETF | 24.2% | -6 bp | -3.0% |
| PSC | Principal U.S. Small-Cap ETF | 23.3% | +8 bp | +0.8% |
| VTWG | Vanguard Russell 2000 Growth ETF | 20.0% | -20 bp | -2.9% |
| RZG | Invesco S&P Smallcap 600 Pure Growth ETF | 19.7% | +5 bp | +0.6% |
| ABLS | Abacus FCF Small Cap Leaders ETF | 19.6% | +29 bp | +2.2% |
| GRPZ | Invesco S&P SmallCap 600 GARP ETF | 17.8% | +5 bp | +3.4% |
| CAFG | Pacer US Small Cap Cash Cows Growth Leaders ETF | 17.3% | +29 bp | +1.3% |
| VIOG | Vanguard S&P Small-Cap 600 Growth ETF | 17.0% | -20 bp | +0.4% |
| FLQS | Franklin U.S. Small Cap Multifactor Index ETF | 16.7% | +5 bp | +2.6% |
Risk and Returns: JSML 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 3/9/2026
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
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
4.5%
ALTAR SCORE™
29th
PERCENTILE
UNDERWEIGHT
ETFRC RATING
There are 1,191 funds in the US Equity category with an average
ALTAR Score™ of 5.6% and a standard deviation
of 2.0%. JSML's ALTAR Score™ is approximately -0.6 standard
deviations above the category average. This places JSML in the 29th percentile
among funds in the category.
Sell-Side Consensus
$94.86
PRICE TARGET
+33.2%
UPSIDE