SSPX
Janus Henderson U.S. Sustainable Equity ETF
SSPX is an actively-managed portfolio that seeks long-term capital growth by targeting US companies focusing on contributing to a more environmentally sustainable economy.
US
EQUITY
Active
MANAGEMENT STYLE
4.6 M
ASSETS UNDER MGMT
55 bp
EXPENSES
Fund Basics
| Fund sponsor | Janus Henderson |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Sep 08, 2021 |
| Assets (mns) | $5 |
| Expense ratio | 55 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Proprietary |
| Weighting | Proprietary |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| MICROSOFT CORP | 9.3 % |
| NVIDIA CORP | 8.5 % |
| SPOTIFY TECHNOLOGY SA | 5.4 % |
| PROGRESSIVE CORP | 5.2 % |
| WABTEC CORP | 4.3 % |
| MASTERCARD INCORPORATED CLASS A | 3.9 % |
| TAIWAN SEMICONDUCTOR-SP ADR | 3.7 % |
| MCKESSON CORP | 3.7 % |
| T-MOBILE US, INC. | 3.4 % |
| UBER TECHNOLOGIES, INC. | 3.2 % |
Constituent Breakdown
| Number of holdings | 1 |
| Herfindahl-Hirschman Index | 420 |
| Wgt avg mkt cap (mns) | $950,041 |
| Large cap (>$10bn) | 99.5% |
| Mid cap ($2-10bn) | 6.1% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 103.8% |
| Emerging mkts. | 3.7% |
Country Exposure
 |
UNITED STATES | 88.9 % |
 |
IRELAND | 5.6 % |
 |
LUXEMBOURG | 5.4 % |
 |
TAIWAN | 3.7 % |
 |
CANADA | 2.2 % |
 |
BRITAIN | 1.8 % |
Historical Performance
Standardized Performance (as of 10/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -47.7% | -48.7% | -17.5% | -9.8% | -- | -- | -- | -13.1% |
| Dividend Yield | 0.1% | 0.2% | 0.3% | 0.3% | -- | -- | -- | 0.3% |
| Total Returns | -47.6% | -48.5% | -17.2% | -9.5% | -- | -- | -- | -12.8% | Ann. Volatility | 63.3% | 57.9% | 41.7% | 35.5% | -- | -- | -- | 33.4% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.06 | 87% |
| MSCI EAFE | 0.67 | 45% |
| MSCI Emg Mkts | 0.49 | 28% |
Liquidity Measures
| Avg. volume (000) | 4 |
| ADV traded (mns) | $0 |
| Turnover | 1.2% |
| Avg. Bid/Ask (% of price) | 0.25% |
Technical Indicators
| Recent close | $14.00 |
| 30d moving avg. | $27.12 |
| Annualized volatility | 14.9% |
| Relative strength (RSI) | 14 |
| Short interest | 0.1% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. |
Expenses vs. |
ALTAR Score™ vs. |
|---|---|---|---|---|
| PJFG | PGIM Jennison Focused Growth ETF | 34.4% | +20 bp | +2.6% |
| NULC | Nuveen ESG Large-Cap ETF | 31.4% | -34 bp | +4.6% |
| NULG | Nuveen ESG Large-Cap Growth ETF | 30.5% | -29 bp | +3.2% |
| SNPG | Xtrackers S&P 500 Growth ESG ETF | 29.9% | -40 bp | +4.5% |
| FFOG | Franklin Focused Growth ETF | 29.6% | +6 bp | +2.3% |
| SEMG | Suncoast Select Growth ETF | 29.3% | +5 bp | +4.3% |
| GGRW | Gabelli Growth Innovators ETF | 28.9% | +35 bp | +2.3% |
| IWFG | IQ Winslow Focused Large Cap Growth ETF | 28.1% | +10 bp | +3.0% |
| USSG | Xtrackers MSCI USA ESG Leaders Equity ETF | 27.7% | -45 bp | +4.8% |
| LRGE | ClearBridge Large Cap Growth ESG ETF | 27.6% | +4 bp | +3.9% |
Risk and Returns: SSPX 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
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| 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 | 2024 | 2025 | 2026 | |
| 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 11/3/2025
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
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
ALTAR Score™
SSPX
4.3%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 996 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.4%. SSPX's ALTAR Score™ is approximately
0.6 standard deviations
below
the category average. This places SSPX in the 28th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
SSPXSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Active US Equity ETFs |
| # of ETFs | 402 |
| Avg. Expense Ratio | 63.7 bp |
| Std. Deviation | 35.5 bp |
| SSPX (55 bp) Percentile rank | 40 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| SSPX | 55.0 | 24.8 | 79.8 |
| Peer Avg. | 63.7 | 20.8 | 84.5 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .