JSMD vs SMMU

Comparison between JANUS HENDERSON SMALL/MID CAP GROWTH ALPHA ETF (JSMD, ETF) and PIMCO SHORT TERM MUNICIPAL BOND ACTIVE EXCHANGE-TRADED FUND (SMMU, ETF).

5-Year PerformanceJSMD has outperformed SMMU, delivering a return of +7.9% compared to +1.9%

JSMD vs SMMU - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	JSMD(ETF)	SMMU(ETF)
Net Assets	$1.10B	$1.20B
Expense Ratio	0.30%	0.35%
Max Drawdown	38.98%	5.87%
Sharpe Ratio	0.88	-0.92
5Y Beta	1.14	0.00
P/E Ratio	31.58	N/A
Forward P/E	17.69	N/A
5Y Dividends CAGR	25.97%	25.78%
5Y EPS CAGR	18.59%	N/A
Debt to Equity	525.83%	N/A
P/S Ratio	1.75	N/A
P/B Ratio	6.71	N/A

Net Assets

JSMD

$1.10B

Winner

SMMU

$1.20B

Expense Ratio

Winner

JSMD

0.30%

SMMU

0.35%

Max Drawdown

JSMD

38.98%

Winner

SMMU

5.87%

Sharpe Ratio

Winner

JSMD

0.88

SMMU

-0.92

5Y Beta

JSMD

1.14

Winner

SMMU

0.00

P/E Ratio

JSMD

31.58

SMMU

N/A

Forward P/E

JSMD

17.69

SMMU

N/A

5Y Dividends CAGR

Winner

JSMD

25.97%

SMMU

25.78%

5Y EPS CAGR

JSMD

18.59%

SMMU

N/A

Debt to Equity

JSMD

525.83%

SMMU

N/A

P/S Ratio

JSMD

1.75

SMMU

N/A

P/B Ratio

JSMD

6.71

SMMU

N/A

JSMD vs SMMU - Historical Returns

Returns include dividend reinvestment.

Period	JSMD	SMMU
1 month	-0.75%	+0.07%
3 months	+6.31%	+0.51%
6 months	+12.06%	+0.52%
1 year	+23.35%	+2.71%
5 years(CAGR)	+7.92%	+1.93%
10 years(CAGR)	+13.08%	+1.81%
Max(CAGR)	+14.20%	+1.52%

JSMD

-0.75%

Winner

SMMU

+0.07%

Winner

JSMD

+6.31%

SMMU

+0.51%

Winner

JSMD

+12.06%

SMMU

+0.52%

Winner

JSMD

+23.35%

SMMU

+2.71%

5Y(CAGR)

Winner

JSMD

+7.92%

SMMU

+1.93%

10Y(CAGR)

Winner

JSMD

+13.08%

SMMU

+1.81%

Max(CAGR)

Winner

JSMD

+14.20%

SMMU

+1.52%

JSMD vs SMMU - Annual Returns (2010 - 2026)

Returns include dividend reinvestment.

Year	JSMD	SMMU
2026	+17.55%	+1.25%
2025	+9.39%	+4.06%
2024	+15.97%	+2.65%
2023	+27.26%	+4.19%
2022	-23.04%	-2.49%
2021	+10.82%	+0.18%
2020	+29.98%	+2.85%
2019	+30.77%	+3.34%
2018	-4.60%	+1.45%
2017	+24.45%	+1.72%
2016	+24.38%	-0.96%
2015	N/A	+0.97%
2014	N/A	+0.38%
2013	N/A	+0.15%
2012	N/A	+1.19%
2011	N/A	+1.90%
2010	N/A	+0.74%

JSMD vs SMMU Drawdown Comparison

The maximum drawdown for JSMD was -38.98%, occurring on Mar 23, 2020. Recovery took 126 trading sessions.

The maximum drawdown for SMMU was -5.09%, occurring on Mar 20, 2020. Recovery took 61 trading sessions.

The current JSMD drawdown is -4.46%. The current SMMU drawdown is -0.04%.

Rank	JSMD	SMMU
#1	-38.98% Jan 23, 2020 - Jul 23, 2020	-5.09% Mar 9, 2020 - Jun 4, 2020
#2	-32.18% Nov 16, 2021 - Mar 28, 2024	-4.76% Aug 3, 2021 - Nov 22, 2023
#3	-27.05% Sep 14, 2018 - Nov 26, 2019	-3.53% Aug 31, 2016 - Apr 21, 2017
#4	-24.02% Dec 4, 2024 - Aug 22, 2025	-1.95% Apr 4, 2025 - Jun 5, 2025
#5	-14.86% Jan 22, 2026 - Apr 17, 2026	-1.87% Apr 19, 2013 - Feb 28, 2014
#6	-11.27% Jul 14, 2017 - Nov 29, 2017	-1.43% Sep 29, 2010 - May 16, 2011
#7	-10.49% Sep 18, 2025 - Jan 15, 2026	-1.31% Sep 5, 2017 - Jul 23, 2018
#8	-9.96% Jun 30, 2026 - Jul 29, 2026	-1.04% Oct 2, 2024 - Dec 3, 2024
#9	-9.09% Jul 16, 2024 - Sep 19, 2024	-1.04% Jun 6, 2017 - Aug 21, 2017
#10	-8.68% Jan 26, 2018 - Mar 9, 2018	-0.98% Dec 6, 2024 - Feb 4, 2025
#11	-8.52% Feb 9, 2021 - Apr 16, 2021	-0.84% Aug 19, 2019 - Dec 13, 2019
#12	-8.51% Apr 26, 2021 - Nov 3, 2021	-0.78% Sep 10, 2018 - Dec 6, 2018
#13	-8.13% Sep 2, 2020 - Oct 7, 2020	-0.77% Feb 27, 2026 - Jun 11, 2026
#14	-7.87% Jun 7, 2016 - Jul 11, 2016	-0.71% Aug 3, 2011 - Aug 18, 2011
#15	-7.34% Mar 28, 2024 - Jul 15, 2024	-0.68% Mar 13, 2024 - May 15, 2024

Correlation

Correlation between JSMD and SMMU is 0.96 which considered as a very strong positive correlation - the stocks move almost identically together.

0.96

-101

Dividend Comparison (2010 - 2026)

JSMD vs SMMU dividend yield comparison.

Year	JSMD	SMMU
2026	0.17%	1.67%
2025	0.54%	2.80%
2024	0.76%	3.03%
2023	0.44%	2.79%
2022	0.40%	1.37%
2021	0.28%	0.60%
2020	0.24%	1.19%
2019	0.32%	1.82%
2018	0.53%	1.57%
2017	0.30%	1.41%
2016	0.36%	1.03%
2015	0.00%	0.89%
2014	0.00%	0.67%
2013	0.00%	0.50%
2012	0.00%	1.05%
2011	0.00%	1.04%
2010	0.00%	1.05%