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
$ 1.1 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 | 3.5 % |
| BLOOM ENERGY CORPORATION CLASS A | 2.8 % |
| STERLING CONSTRUCTION CO | 2.6 % |
| JABIL CIRCUIT INC | 2.4 % |
| ASTERA LABS INC | 2.4 % |
| RYMAN HOSPITALITY PROPERTIES | 1.9 % |
| ROCKET LAB CORP | 1.7 % |
| POWELL INDUSTRIES INC | 1.7 % |
| COMMVAULT SYSTEMS INC | 1.7 % |
| PIPER SANDLER COS | 1.6 % |
Constituent Breakdown
| Number of holdings | 119 |
| Herfindahl-Hirschman Index | 122 |
| Wgt avg mkt cap (mns) | $15,370 |
| Large cap (>$10bn) | 36.1% |
| Mid cap ($2-10bn) | 51.2% |
| Small cap (<$2bn) | 7.6% |
| Developed mkts. | 95.2% |
| Emerging mkts. | 0.3% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 91.7 % |
 |
CAYMAN ISLANDS | 1.8 % |
 |
NETHERLANDS | 0.9 % |
 |
CANADA | 0.8 % |
Historical Performance
Standardized Performance (as of 07/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 13.6% | 16.8% | 13.7% | 12.5% | 6.4% | 12.1% | -- | 13.3% |
| Dividend Yield | 0.2% | 0.6% | 0.8% | 0.7% | 0.6% | 0.5% | -- | 0.5% |
| Total Returns | 13.8% | 17.4% | 14.5% | 13.1% | 7.0% | 12.6% | -- | 13.8% | Ann. Volatility | 24.2% | 22.6% | 22.9% | 21.4% | 23.1% | 22.9% | -- | 22.6% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.47 | 70% |
| MSCI EAFE | 1.06 | 54% |
| MSCI Emg Mkts | 0.69 | 56% |
Liquidity Measures
| Avg. volume (000) | 73 |
| ADV traded (mns) | $7 |
| Turnover | 0.7% |
| Avg. Bid/Ask (% of price) | 0.26% |
Technical Indicators
| 30d moving avg. (EMA) | $95.29 |
| Relative strength (RSI) | 48 |
| MACD/Signal | -0.93/-0.41 |
| Bollinger Bands (Upper/Lower) | $99.51/$91.86 |
| 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 | 58.2% | 0 bp | -1.2% |
| PSC | Principal U.S. Small-Cap ETF | 20.5% | +8 bp | -0.4% |
| OMFS | Invesco Russell 2000 Dynamic Multifactor ETF | 18.8% | +9 bp | -1.0% |
| RZG | Invesco S&P Smallcap 600 Pure Growth ETF | 18.2% | +5 bp | -0.6% |
| VIOG | Vanguard S&P Small-Cap 600 Growth ETF | 17.0% | -20 bp | -0.7% |
| GRNJ | Fundstrat Granny Shots US Small & Mid Cap ETF | 16.6% | +45 bp | -2.5% |
| FESM | Fidelity Enhanced Small Cap ETF | 16.3% | -2 bp | -2.1% |
| FNY | First Trust Mid Cap Growth AlphaDEX Fund | 16.3% | +40 bp | -2.0% |
| SLYG | State Street SPDR S&P 600 Small Cap Growth ETF | 15.7% | -15 bp | -0.6% |
| CAFG | Pacer US Small Cap Cash Cows Growth Leaders ETF | 15.7% | +29 bp | -0.3% |
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.
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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 8/9/2026
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
4.9%
ALTAR SCORE™
45th
PERCENTILE
NEUTRAL
ETFRC RATING
There are 1,402 funds in the US Equity category with an average
ALTAR Score™ of 5.2% and a standard deviation
of 2.0%. JSMD's ALTAR Score™ is approximately -0.1 standard
deviations above the category average. This places JSMD in the 45th percentile
among funds in the category.
Sell-Side Consensus
$104.24
PRICE TARGET
+7.8%
UPSIDE