JSML vs RIV

Comparison between JANUS HENDERSON SMALL CAP GROWTH ALPHA ETF (JSML, ETF) and RiverNorth Opportunities Fund Inc (RIV, ETF).

5-Year PerformanceJSML has outperformed RIV, delivering a return of +6.6% compared to +5.4%

JSML vs RIV - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	JSML(ETF)	RIV(ETF)
Net Assets	$339M	$337M
Expense Ratio	0.30%	N/A
Max Drawdown	40.01%	54.84%
Sharpe Ratio	1.29	0.77
5Y Beta	1.12	0.44
P/E Ratio	77.43	N/A
Forward P/E	17.45	N/A
5Y Dividends CAGR	25.62%	-6.97%
5Y EPS CAGR	18.93%	N/A
Debt to Equity	69.64%	N/A
P/S Ratio	1.55	N/A
P/B Ratio	4.75	N/A

Net Assets

Winner

JSML

$339M

RIV

$337M

Expense Ratio

JSML

0.30%

RIV

N/A

Max Drawdown

Winner

JSML

40.01%

RIV

54.84%

Sharpe Ratio

Winner

JSML

1.29

RIV

0.77

5Y Beta

JSML

1.12

Winner

RIV

0.44

P/E Ratio

JSML

77.43

RIV

N/A

Forward P/E

JSML

17.45

RIV

N/A

5Y Dividends CAGR

Winner

JSML

25.62%

RIV

-6.97%

5Y EPS CAGR

JSML

18.93%

RIV

N/A

Debt to Equity

JSML

69.64%

RIV

N/A

P/S Ratio

JSML

1.55

RIV

N/A

P/B Ratio

JSML

4.75

RIV

N/A

JSML vs RIV - Historical Returns

Returns include dividend reinvestment.

Period	JSML	RIV
1 month	+7.45%	+2.02%
3 months	+26.20%	+5.65%
6 months	+20.17%	+5.76%
1 year	+35.53%	+13.12%
5 years(CAGR)	+6.55%	+5.44%
10 years(CAGR)	+13.28%	+9.03%
Max(CAGR)	+13.74%	+8.62%

Winner

JSML

+7.45%

RIV

+2.02%

Winner

JSML

+26.20%

RIV

+5.65%

Winner

JSML

+20.17%

RIV

+5.76%

Winner

JSML

+35.53%

RIV

+13.12%

5Y(CAGR)

Winner

JSML

+6.55%

RIV

+5.44%

10Y(CAGR)

Winner

JSML

+13.28%

RIV

+9.03%

Max(CAGR)

Winner

JSML

+13.74%

RIV

+8.62%

JSML vs RIV - Annual Returns (2015 - 2026)

Returns include dividend reinvestment.

Year	JSML	RIV
2026	+20.54%	+5.49%
2025	+13.67%	+16.40%
2024	+13.44%	+18.97%
2023	+29.67%	+0.35%
2022	-29.57%	-14.10%
2021	+4.16%	+12.99%
2020	+35.32%	+14.24%
2019	+30.80%	+13.45%
2018	-2.78%	-8.51%
2017	+20.86%	+17.64%
2016	+21.52%	+8.14%
2015	N/A	+0.25%

JSML vs RIV Drawdown Comparison

The maximum drawdown for JSML was -39.64%, occurring on Sep 26, 2022. Recovery took 941 trading sessions.

The maximum drawdown for RIV was -42.87%, occurring on Mar 23, 2020. Recovery took 147 trading sessions.

The current JSML drawdown is -0.87%. The current RIV drawdown is -0.84%.

Rank	JSML	RIV
#1	-39.64% Feb 12, 2021 - Nov 8, 2024	-42.87% Feb 12, 2020 - Sep 11, 2020
#2	-39.19% Jan 22, 2020 - Jul 29, 2020	-28.99% Aug 9, 2021 - Jul 15, 2024
#3	-27.37% Sep 4, 2018 - Nov 26, 2019	-27.47% Jun 13, 2018 - Feb 10, 2020
#4	-25.61% Nov 11, 2024 - Aug 26, 2025	-19.61% Dec 30, 2015 - Apr 20, 2016
#5	-14.84% Jan 22, 2026 - Apr 17, 2026	-15.19% Feb 18, 2025 - May 19, 2025
#6	-10.01% Sep 22, 2025 - Jan 9, 2026	-11.72% Sep 14, 2020 - Dec 3, 2020
#7	-9.97% Sep 2, 2020 - Oct 9, 2020	-8.67% Dec 3, 2024 - Feb 13, 2025
#8	-9.02% Sep 22, 2016 - Nov 22, 2016	-7.65% Feb 25, 2026 - Apr 22, 2026
#9	-8.25% Mar 12, 2018 - May 14, 2018	-6.80% Sep 15, 2025 - Jan 6, 2026
#10	-8.17% Jun 8, 2016 - Jul 12, 2016	-6.39% Sep 7, 2016 - Jan 20, 2017
#11	-8.08% Jan 26, 2018 - Mar 9, 2018	-6.31% Sep 13, 2017 - Jan 8, 2018
#12	-7.77% Oct 12, 2020 - Nov 5, 2020	-5.60% Jul 14, 2021 - Aug 6, 2021
#13	-6.77% May 14, 2026 - May 26, 2026	-4.99% Jul 16, 2024 - Aug 12, 2024
#14	-6.19% Apr 27, 2016 - May 31, 2016	-4.89% Jun 9, 2016 - Jul 5, 2016
#15	-5.57% Jul 27, 2017 - Sep 27, 2017	-4.89% May 7, 2021 - May 26, 2021

Correlation

Correlation between JSML and RIV is 0.95 which considered as a very strong positive correlation - the stocks move almost identically together.

0.95

-101

Dividend Comparison (2016 - 2026)

JSML vs RIV dividend yield comparison.

Year	JSML	RIV
2026	0.31%	6.78%
2025	0.94%	12.80%
2024	1.19%	13.46%
2023	0.49%	13.96%
2022	0.67%	16.61%
2021	0.46%	14.31%
2020	0.30%	13.42%
2019	0.27%	12.34%
2018	0.76%	15.51%
2017	0.42%	10.14%
2016	0.52%	13.01%