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
$ 272.7 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 03/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -4.8% | 15.1% | 7.6% | 11.7% | 0.7% | 10.2% | -- | 10.6% |
| Dividend Yield | 0.1% | 0.8% | 1.2% | 1.0% | 0.8% | 0.7% | -- | 0.7% |
| Total Returns | -4.7% | 15.8% | 8.8% | 12.8% | 1.5% | 10.9% | -- | 11.3% | Ann. Volatility | 23.9% | 24.0% | 22.4% | 21.8% | 24.2% | 24.7% | -- | 24.6% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.06 | 70% |
| MSCI EAFE | 0.98 | 52% |
| MSCI Emg Mkts | 0.83 | 49% |
Liquidity Measures
| Avg. volume (000) | 14 |
| ADV traded (mns) | $1 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.43% |
Technical Indicators
| 30d moving avg. (EMA) | $72.21 |
| Relative strength (RSI) | 55 |
| MACD/Signal | 0.21/-0.65 |
| Bollinger Bands (Upper/Lower) | $74.92/$66.79 |
| 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 | 54.3% | 0 bp | +1.0% |
| IWO | iShares Russell 2000 Growth ETF | 25.2% | -6 bp | -2.7% |
| PSC | Principal U.S. Small-Cap ETF | 23.3% | +8 bp | +0.9% |
| VTWG | Vanguard Russell 2000 Growth ETF | 20.4% | -20 bp | -2.6% |
| RZG | Invesco S&P Smallcap 600 Pure Growth ETF | 19.7% | +5 bp | +0.5% |
| ABLS | Abacus FCF Small Cap Leaders ETF | 19.3% | +29 bp | +2.3% |
| FNY | First Trust Mid Cap Growth AlphaDEX Fund | 19.2% | +40 bp | -1.1% |
| GRPZ | Invesco S&P SmallCap 600 GARP ETF | 17.8% | +5 bp | +3.4% |
| DBSC | Deepwater Beachfront Small Cap ETF | 16.8% | +55 bp | -1.7% |
| CAFG | Pacer US Small Cap Cash Cows Growth Leaders ETF | 16.8% | +29 bp | +1.2% |
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 4/19/2026
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.
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ETF Research Center Rating
4.0%
ALTAR SCORE™
24th
PERCENTILE
UNDERWEIGHT
ETFRC RATING
There are 1,200 funds in the US Equity category with an average
ALTAR Score™ of 5.4% and a standard deviation
of 2.0%. JSML's ALTAR Score™ is approximately -0.7 standard
deviations above the category average. This places JSML in the 24th percentile
among funds in the category.
Sell-Side Consensus
$98.31
PRICE TARGET
+22.4%
UPSIDE