Skip to Content
ETFs

Janus Detroit Street Trust Janus Henderson Small/Mid Cap Growth Alpha ETF

JSMD
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Feb 23 2016
Expense Ratio
0.30%
Type
US Equities
Fund Owner
Janus
Volume (1m avg. daily)
$1,063,673
AUM
$187,796,339
Associated Index
Janus Henderson Small/Mid Cap Growth Alpha Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

SWAV
ShockWave Medical Inc
4.13%
FICO
Fair, Isaac Corp.
3.51%
RGEN
Repligen Corp.
2.87%
MEDP
Medpace Holdings Inc
2.61%
BSY
Bentley Systems Inc - Ordinary Shares - Class B
2.45%
QDEL
QuidelOrtho Corporation
2.31%
SMCI
Super Micro Computer Inc
2.22%
JBL
Jabil Inc
2.15%
LSCC
Lattice Semiconductor Corp.
2.04%
DELL
Dell Technologies Inc - Ordinary Shares - Class C
1.97%
Invest with JSMD

What is JSMD?

Janus Small/Mid Cap Growth Alpha ETF (JSMD) seeks investment results that correspond generally, before fees and expenses, to the performance of the Janus Henderson Small/Mid Cap Growth Alpha Index. The Underlying Index, Janus Small/Mid Cap Growth Alpha Index, is composed of common stocks of small- and medium- sized companies that are selected by the index provider, Janus Index & Calculation Services LLC ( Janus Index Services or the Index Provider ), from those companies included in the Solactive Small/Mid Cap Index, a universe of 2,500 small- and medium-sized capitalization stocks. The Underlying Index is designed to select small- and medium-sized capitalization stocks that are poised for smart growth by evaluating each company s performance in three critical areas: growth, profitability, and capital efficiency. The Index Provider scores such stocks based on fundamental measures of their growth, profitability, and capital efficiency, and selects the top 10% of such eligible stocks scoring the highest using a proprietary quantitative methodology. To arrive at the top 10%, for each security in the stated universe, the quantitative methodology assigns a score in each of 10 different fundamental factors, relative to other eligible securities. The fundamental factors include measures that Janus Capital believes are tied to a stock s outperformance relative to other small/mid cap stocks, and indicate a companys performance with respect to growth (such as the revenue growth rate over 2- 5- and 8- year periods), profitability (such as margin expansion, profit margin and earnings per share over time) and capital efficiency (such as returns on invested capital).

ETFs related toJSMD

ETFs correlated to JSMD include DFSU, AVGE, VBK

JSMD
Janus Capital Management LLC - Janus Henderson Small/Mid Cap Growth Alpha ETF
DFSU
Dimensional ETF Trust - Dimensional US Sustainability Core 1 ETF
AVGE
American Century ETF Trust - Avantis All Equity Markets ETF
VBK
Vanguard Group, Inc. - Vanguard Small Cap Growth ETF
IWP
BlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap Growth ETF
IMCG
BlackRock Institutional Trust Company N.A. - iShares Morningstar Mid-Cap Growth ETF
VXF
Vanguard Group, Inc. - Vanguard Extended Market Index ETF
ISCG
BlackRock Institutional Trust Company N.A. - iShares Morningstar Small-Cap Growth ETF
IWO
BlackRock Institutional Trust Company N.A. - iShares Russell 2000 Growth ETF
NUMG
Nuveen Fund Advisors LLC - Nuveen ESG Mid-Cap Growth ETF
BBMC
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders U.S. Mid Cap Equity ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toJSMD

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

#BORING

The Not Boring: Rising Rates with Vol Switch

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with JSMD using Composer

FAQ

JSMD is a US Equities ETF. Janus Small/Mid Cap Growth Alpha ETF (JSMD) seeks investment results that correspond generally, before fees and expenses, to the performance of the Janus Henderson Small/Mid Cap Growth Alpha Index. The Underlying Index, Janus Small/Mid Cap Growth Alpha Index, is composed of common stocks of small- and medium- sized companies that are selected by the index provider, Janus Index & Calculation Services LLC ( Janus Index Services or the Index Provider ), from those companies included in the Solactive Small/Mid Cap Index, a universe of 2,500 small- and medium-sized capitalization stocks. The Underlying Index is designed to select small- and medium-sized capitalization stocks that are poised for smart growth by evaluating each company s performance in three critical areas: growth, profitability, and capital efficiency. The Index Provider scores such stocks based on fundamental measures of their growth, profitability, and capital efficiency, and selects the top 10% of such eligible stocks scoring the highest using a proprietary quantitative methodology. To arrive at the top 10%, for each security in the stated universe, the quantitative methodology assigns a score in each of 10 different fundamental factors, relative to other eligible securities. The fundamental factors include measures that Janus Capital believes are tied to a stock s outperformance relative to other small/mid cap stocks, and indicate a companys performance with respect to growth (such as the revenue growth rate over 2- 5- and 8- year periods), profitability (such as margin expansion, profit margin and earnings per share over time) and capital efficiency (such as returns on invested capital).

JSMD tracks the Janus Henderson Small/Mid Cap Growth Alpha Index.

No, JSMD is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, JSMD is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on JSMD is 0.0496%. This is the percent change in the value of JSMD over the most recent 1-month period. The 3-month return on JSMD is 0.0125%. This is the percent change in the value of JSMD over the most recent 3-month period.

The standard deviation of JSMD for the past year is 0.2723%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to JSMD include IWM, MDY, and QQQ.

ETFs correlated to JSMD include DFSU, AVGE, and VBK.

ETFs that are inversely correlated to JSMD include TZA, TWM, and SRTY.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.