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
$ 357.2 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
| BLOOM ENERGY CORPORATION CLASS A | 4.2 % |
| CREDO TECHNOLOGY GROUP HOLDING LTD. | 3.1 % |
| STERLING CONSTRUCTION CO | 3.0 % |
| RYMAN HOSPITALITY PROPERTIES | 2.0 % |
| COMMVAULT SYSTEMS INC | 1.9 % |
| PIPER SANDLER COS | 1.7 % |
| POWELL INDUSTRIES INC | 1.6 % |
| OM ASSET MANAGEMENT PLC | 1.6 % |
| RAMBUS INC | 1.5 % |
| CTS CORP | 1.5 % |
Constituent Breakdown
| Number of holdings | 122 |
| Herfindahl-Hirschman Index | 119 |
| Wgt avg mkt cap (mns) | $4,714 |
| Large cap (>$10bn) | 26.5% |
| Mid cap ($2-10bn) | 50.1% |
| Small cap (<$2bn) | 19.0% |
| Developed mkts. | 97.1% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 91.8 % |
 |
CAYMAN ISLANDS | 2.1 % |
 |
NETHERLANDS | 1.1 % |
 |
IRELAND | 0.9 % |
 |
CANADA | 0.9 % |
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 | 26.5% | 38.0% | 25.5% | 17.9% | 6.3% | 13.0% | -- | 13.4% |
| Dividend Yield | 0.1% | 0.6% | 1.4% | 1.1% | 0.8% | 0.7% | -- | 0.7% |
| Total Returns | 26.6% | 38.5% | 26.9% | 19.0% | 7.2% | 13.7% | -- | 14.1% | Ann. Volatility | 24.1% | 22.2% | 23.3% | 22.1% | 24.5% | 24.3% | -- | 24.1% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.47 | 67% |
| MSCI EAFE | 1.01 | 49% |
| MSCI Emg Mkts | 0.69 | 50% |
Liquidity Measures
| Avg. volume (000) | 26 |
| ADV traded (mns) | $2 |
| Turnover | 0.7% |
| Avg. Bid/Ask (% of price) | 0.49% |
Technical Indicators
| 30d moving avg. (EMA) | $88.58 |
| Relative strength (RSI) | 60 |
| MACD/Signal | 1.93/1.94 |
| Bollinger Bands (Upper/Lower) | $94.40/$84.89 |
| Short interest (% of AUM) | 0.3% |
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. JSML |
Expenses vs. JSML |
ALTAR Score™ vs. JSML |
|---|---|---|---|---|
| JSMD | Janus Henderson Small/Mid Cap Growth Alpha ETF | 58.2% | 0 bp | +1.1% |
| IWO | iShares Russell 2000 Growth ETF | 33.7% | -6 bp | -2.5% |
| VTWG | Vanguard Russell 2000 Growth ETF | 27.8% | -20 bp | -2.3% |
| PSC | Principal U.S. Small-Cap ETF | 23.9% | +8 bp | +0.9% |
| DBSC | Deepwater Beachfront Small Cap ETF | 21.1% | +55 bp | -1.3% |
| OMFS | Invesco Russell 2000 Dynamic Multifactor ETF | 21.0% | +9 bp | +0.2% |
| RSSL | Global X Russell 2000 ETF | 20.4% | -22 bp | -0.6% |
| IWM | iShares Russell 2000 ETF | 20.3% | -11 bp | -0.8% |
| FNY | First Trust Mid Cap Growth AlphaDEX Fund | 19.7% | +40 bp | -0.9% |
| RZG | Invesco S&P Smallcap 600 Pure Growth ETF | 19.4% | +5 bp | +0.5% |
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.
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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
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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 7/6/2026
Peer Group Comparison
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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.
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ETF Research Center Rating
3.7%
ALTAR SCORE™
21st
PERCENTILE
UNDERWEIGHT
ETFRC RATING
There are 1,395 funds in the US Equity category with an average
ALTAR Score™ of 5.3% and a standard deviation
of 2.1%. JSML's ALTAR Score™ is approximately -0.8 standard
deviations above the category average. This places JSML in the 21st percentile
among funds in the category.
Sell-Side Consensus
$95.17
PRICE TARGET
+4.6%
UPSIDE