JSMD vs SPY
Comparison between JANUS HENDERSON SMALL/MID CAP GROWTH ALPHA ETF (JSMD, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed JSMD, delivering a return of +13.3% compared to +7.2%
JSMD vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
JSMD
$980M
Winner
SPY
$735B
Expense Ratio
JSMD
0.30%
Winner
SPY
0.09%
Max Drawdown
Winner
JSMD
38.98%
SPY
56.47%
Sharpe Ratio
JSMD
0.95
Winner
SPY
1.62
5Y Beta
JSMD
1.12
Winner
SPY
1.00
P/E Ratio
JSMD
32.99
Winner
SPY
28.99
Forward P/E
Winner
JSMD
18.69
SPY
22.37
5Y Dividends CAGR
Winner
JSMD
24.33%
SPY
5.43%
5Y EPS CAGR
Winner
JSMD
27.48%
SPY
26.05%
Debt to Equity
JSMD
122.12%
Winner
SPY
32.40%
P/S Ratio
Winner
JSMD
1.75
SPY
3.74
P/B Ratio
Winner
JSMD
5.42
SPY
5.61
JSMD vs SPY - Holdings Comparison
JSMD and SPY have 6 common holdings. Overlap is 0.25%
JSMD's top 25 holdings weight is 42.74%. SPY's top 25 holdings weight is 52.37%.
| Rank | JSMD | SPY |
|---|---|---|
| #1 | COMFORT SYSTEMS USA INC (FIX) - 4.35% | NVIDIA CORP (NVDA) - 8.10% |
| #2 | BLOOM ENERGY CORP CLASS A (BE) - 2.64% | APPLE INC (AAPL) - 7.02% |
| #3 | JABIL INC (JBL) - 2.59% | MICROSOFT CORP (MSFT) - 4.79% |
| #4 | ROCKET LAB CORP (RKLB) - 2.37% | AMAZON.COM INC (AMZN) - 4.02% |
| #5 | STERLING INFRASTRUCTURE INC (STRL) - 2.37% | ALPHABET INC CLASS A (GOOGL) - 3.51% |
| #6 | RYMAN HOSPITALITY PROPERTIES INC (RHP) - 1.82% | BROADCOM INC (AVGO) - 3.10% |
| #7 | FABRINET (FN) - 1.73% | ALPHABET INC CLASS C (GOOG) - 2.79% |
| #8 | POWELL INDUSTRIES INC (POWL) - 1.71% | META PLATFORMS INC CLASS A (META) - 2.08% |
| #9 | PIPER SANDLER COS (PIPR) - 1.65% | TESLA INC (TSLA) - 1.89% |
| #10 | TAPESTRY INC (TPR) - 1.53% | MICRON TECHNOLOGY INC (MU) - 1.56% |
| #11 | GRIFFON CORP (GFF) - 1.50% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.37% |
| #12 | EXELIXIS INC (EXEL) - 1.48% | ELI LILLY AND CO (LLY) - 1.31% |
| #13 | CHOICE HOTELS INTERNATIONAL INC (CHH) - 1.46% | JPMORGAN CHASE & CO (JPM) - 1.28% |
| #14 | TERADATA CORP (TDC) - 1.43% | ADVANCED MICRO DEVICES INC (AMD) - 1.27% |
| #15 | CYTOKINETICS INC (CYTK) - 1.40% | EXXON MOBIL CORP (XOM) - 0.97% |
| #16 | DIAMONDROCK HOSPITALITY CO (DRH) - 1.39% | INTEL CORP (INTC) - 0.90% |
| #17 | ONTO INNOVATION INC (ONTO) - 1.33% | JOHNSON & JOHNSON (JNJ) - 0.86% |
| #18 | IRIDIUM COMMUNICATIONS INC (IRDM) - 1.32% | VISA INC CLASS A (V) - 0.85% |
| #19 | THE BRINK'S CO (BCO) - 1.30% | WALMART INC (WMT) - 0.81% |
| #20 | RAMBUS INC (RMBS) - 1.29% | CISCO SYSTEMS INC (CSCO) - 0.72% |
| #21 | EVERPURE INC CLASS A (P) - 1.29% | COSTCO WHOLESALE CORP (COST) - 0.69% |
| #22 | EMCOR GROUP INC (EME) - 1.27% | CATERPILLAR INC (CAT) - 0.66% |
| #23 | FTAI AVIATION LTD (FTAI) - 1.21% | MASTERCARD INC CLASS A (MA) - 0.62% |
| #24 | MEDPACE HOLDINGS INC (MEDP) - 1.18% | LAM RESEARCH CORP (LRCX) - 0.62% |
| #25 | KRYSTAL BIOTECH INC (KRYS) - 1.13% | ABBVIE INC (ABBV) - 0.58% |
| Total Holdings | 122 | 505 |
JSMD vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
Winner
JSMD
+2.49%
SPY
+1.90%
3M
Winner
JSMD
+13.37%
SPY
+8.55%
6M
Winner
JSMD
+12.45%
SPY
+8.18%
1Y
JSMD
+24.85%
Winner
SPY
+25.79%
5Y(CAGR)
JSMD
+7.24%
Winner
SPY
+13.32%
10Y(CAGR)
JSMD
+13.05%
Winner
SPY
+15.19%
Max(CAGR)
Winner
JSMD
+14.05%
SPY
+8.47%
JSMD vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | JSMD | SPY |
|---|---|---|
| 2026 | +13.33% | +8.26% |
| 2025 | +9.39% | +18.00% |
| 2024 | +15.97% | +25.59% |
| 2023 | +27.26% | +26.72% |
| 2022 | -23.04% | -18.64% |
| 2021 | +10.82% | +30.52% |
| 2020 | +29.98% | +17.28% |
| 2019 | +30.77% | +31.09% |
| 2018 | -4.60% | -5.24% |
| 2017 | +24.45% | +20.78% |
| 2016 | +24.38% | +13.59% |
| 2015 | N/A | +1.31% |
| 2014 | N/A | +14.56% |
| 2013 | N/A | +29.00% |
| 2012 | N/A | +14.17% |
| 2011 | N/A | +0.85% |
| 2010 | N/A | +13.14% |
| 2009 | N/A | +22.67% |
| 2008 | N/A | -36.25% |
| 2007 | N/A | +5.32% |
| 2006 | N/A | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
JSMD vs SPY Drawdown Comparison
The maximum drawdown for JSMD was -38.98%, occurring on Mar 23, 2020. Recovery took 126 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current JSMD drawdown is -4.09%. The current SPY drawdown is -2.90%.
| Rank | JSMD | SPY |
|---|---|---|
| #1 | -38.98% Jan 23, 2020 - Jul 23, 2020 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -32.18% Nov 16, 2021 - Mar 28, 2024 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -27.05% Sep 14, 2018 - Nov 26, 2019 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -24.02% Dec 4, 2024 - Aug 22, 2025 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -14.86% Jan 22, 2026 - Apr 17, 2026 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -11.27% Jul 14, 2017 - Nov 29, 2017 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -10.49% Sep 18, 2025 - Jan 15, 2026 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -9.09% Jul 16, 2024 - Sep 19, 2024 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -8.68% Jan 26, 2018 - Mar 9, 2018 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -8.52% Feb 9, 2021 - Apr 16, 2021 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -8.51% Apr 26, 2021 - Nov 3, 2021 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -8.13% Sep 2, 2020 - Oct 7, 2020 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -7.87% Jun 7, 2016 - Jul 11, 2016 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -7.34% Mar 28, 2024 - Jul 15, 2024 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -7.31% Oct 12, 2020 - Nov 5, 2020 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between JSMD and SPY is 0.97 which considered as a very strong positive correlation - the stocks move almost identically together.
0.97
-101
Dividend Comparison (1999 - 2026)
JSMD vs SPY dividend yield comparison.
| Year | JSMD | SPY |
|---|---|---|
| 2026 | 0.08% | 0.24% |
| 2025 | 0.54% | 1.07% |
| 2024 | 0.76% | 1.21% |
| 2023 | 0.44% | 1.40% |
| 2022 | 0.40% | 1.65% |
| 2021 | 0.28% | 1.20% |
| 2020 | 0.24% | 1.52% |
| 2019 | 0.32% | 1.75% |
| 2018 | 0.53% | 2.04% |
| 2017 | 0.30% | 1.80% |
| 2016 | 0.36% | 2.03% |
| 2015 | 0.00% | 2.06% |
| 2014 | 0.00% | 1.87% |
| 2013 | 0.00% | 1.81% |
| 2012 | 0.00% | 2.18% |
| 2011 | 0.00% | 2.05% |
| 2010 | 0.00% | 1.80% |
| 2009 | 0.00% | 1.95% |
| 2008 | 0.00% | 3.02% |
| 2007 | 0.00% | 1.85% |
| 2006 | 0.00% | 1.73% |
| 2005 | 0.00% | 1.73% |
| 2004 | 0.00% | 1.82% |
| 2003 | 0.00% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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