JSMD vs TBUX

Comparison between JANUS HENDERSON SMALL/MID CAP GROWTH ALPHA ETF (JSMD, ETF) and T. ROWE PRICE ULTRA SHORT-TERM BOND ETF (TBUX, ETF).

5-Year PerformanceJSMD has outperformed TBUX, delivering a return of +7.9% compared to +4.1%

JSMD vs TBUX - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	JSMD(ETF)	TBUX(ETF)
Net Assets	$1.10B	$1.20B
Expense Ratio	0.30%	0.17%
Max Drawdown	38.98%	3.42%
Sharpe Ratio	0.86	1.01
5Y Beta	1.13	0.00
P/E Ratio	34.00	N/A
Forward P/E	18.62	N/A
5Y Dividends CAGR	25.97%	N/A
5Y EPS CAGR	25.40%	N/A
Debt to Equity	85.08%	N/A
P/S Ratio	1.63	N/A
P/B Ratio	6.01	N/A

Net Assets

JSMD

$1.10B

Winner

TBUX

$1.20B

Expense Ratio

JSMD

0.30%

Winner

TBUX

0.17%

Max Drawdown

JSMD

38.98%

Winner

TBUX

3.42%

Sharpe Ratio

JSMD

0.86

Winner

TBUX

1.01

5Y Beta

JSMD

1.13

Winner

TBUX

0.00

P/E Ratio

JSMD

34.00

TBUX

N/A

Forward P/E

JSMD

18.62

TBUX

N/A

5Y Dividends CAGR

JSMD

25.97%

TBUX

N/A

5Y EPS CAGR

JSMD

25.40%

TBUX

N/A

Debt to Equity

JSMD

85.08%

TBUX

N/A

P/S Ratio

JSMD

1.63

TBUX

N/A

P/B Ratio

JSMD

6.01

TBUX

N/A

JSMD vs TBUX - Historical Returns

Returns include dividend reinvestment.

Period	JSMD	TBUX
1 month	-1.34%	+0.31%
3 months	+7.22%	+1.00%
6 months	+9.70%	+1.90%
1 year	+20.34%	+4.54%
5 years(CAGR)	+7.85%	+4.11%
10 years(CAGR)	+13.00%	N/A
Max(CAGR)	+14.15%	+4.11%

JSMD

-1.34%

Winner

TBUX

+0.31%

Winner

JSMD

+7.22%

TBUX

+1.00%

Winner

JSMD

+9.70%

TBUX

+1.90%

Winner

JSMD

+20.34%

TBUX

+4.54%

5Y(CAGR)

Winner

JSMD

+7.85%

TBUX

+4.11%

10Y(CAGR)

JSMD

+13.00%

TBUX

N/A

Max(CAGR)

Winner

JSMD

+14.15%

TBUX

+4.11%

JSMD vs TBUX - Annual Returns (2016 - 2026)

Returns include dividend reinvestment.

Year	JSMD	TBUX
2026	+16.31%	+2.17%
2025	+9.39%	+5.38%
2024	+15.97%	+6.42%
2023	+27.26%	+6.37%
2022	-23.04%	-0.09%
2021	+10.82%	-0.22%
2020	+29.98%	N/A
2019	+30.77%	N/A
2018	-4.60%	N/A
2017	+24.45%	N/A
2016	+24.38%	N/A

JSMD vs TBUX Drawdown Comparison

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

The maximum drawdown for TBUX was -1.79%, occurring on Jun 28, 2022. Recovery took 324 trading sessions.

The current JSMD drawdown is -5.46%. The current TBUX drawdown is -0.06%.

Rank	JSMD	TBUX
#1	-38.98% Jan 23, 2020 - Jul 23, 2020	-1.79% Sep 29, 2021 - Jan 12, 2023
#2	-32.18% Nov 16, 2021 - Mar 28, 2024	-0.48% Mar 13, 2023 - Apr 3, 2023
#3	-27.05% Sep 14, 2018 - Nov 26, 2019	-0.33% Apr 3, 2025 - Apr 21, 2025
#4	-24.02% Dec 4, 2024 - Aug 22, 2025	-0.28% Sep 3, 2024 - Sep 13, 2024
#5	-14.86% Jan 22, 2026 - Apr 17, 2026	-0.24% Apr 9, 2024 - Apr 23, 2024
#6	-11.27% Jul 14, 2017 - Nov 29, 2017	-0.22% Nov 13, 2024 - Nov 22, 2024
#7	-10.49% Sep 18, 2025 - Jan 15, 2026	-0.22% Oct 3, 2024 - Oct 24, 2024
#8	-9.09% Jul 16, 2024 - Sep 19, 2024	-0.20% Nov 25, 2024 - Nov 27, 2024
#9	-8.68% Jan 26, 2018 - Mar 9, 2018	-0.19% Jun 21, 2024 - Jul 5, 2024
#10	-8.52% Feb 9, 2021 - Apr 16, 2021	-0.19% Aug 2, 2024 - Aug 13, 2024
#11	-8.51% Apr 26, 2021 - Nov 3, 2021	-0.18% May 16, 2024 - May 24, 2024
#12	-8.13% Sep 2, 2020 - Oct 7, 2020	-0.18% Nov 27, 2024 - Dec 6, 2024
#13	-7.87% Jun 7, 2016 - Jul 11, 2016	-0.18% Nov 7, 2024 - Nov 13, 2024
#14	-7.34% Mar 28, 2024 - Jul 15, 2024	-0.18% May 23, 2025 - Jun 3, 2025
#15	-7.31% Oct 12, 2020 - Nov 5, 2020	-0.17% May 7, 2025 - May 13, 2025

Correlation

Correlation between JSMD and TBUX is 0.93 which considered as a very strong positive correlation - the stocks move almost identically together.

0.93

-101

Dividend Comparison (2016 - 2026)

JSMD vs TBUX dividend yield comparison.

Year	JSMD	TBUX
2026	0.17%	2.09%
2025	0.54%	4.67%
2024	0.76%	5.39%
2023	0.44%	4.66%
2022	0.40%	2.58%
2021	0.28%	0.27%
2020	0.24%	0.00%
2019	0.32%	0.00%
2018	0.53%	0.00%
2017	0.30%	0.00%
2016	0.36%	0.00%