Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD) Performance
JSMD total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +7.6% since Dec 31, 2025
- 1 year
- +4.4% total return
- 5 years
- +6.0% a year
- 10 years
- +12.1% a year
- Since first price
- +12.8% a year since 2016
JSMD trailing returns vs SPY, QQQ, AGG
| Period | JSMD total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −3.4% | −3.5% | −1.0% | −5.0% | +0.9% |
| 3 months | −8.5% | −8.5% | +3.2% | +1.9% | −0.4% |
| 6 months | −1.9% | −2.0% | +7.8% | +8.4% | −1.5% |
| YTD | +7.6% | +7.3% | +12.3% | +15.1% | −1.0% |
| 1 year | +4.4% | +4.0% | +14.4% | +15.9% | −1.1% |
| 3 years | +61.9%+17.4%/yr | +59.2% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +33.6%+6.0%/yr | +30.3% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +214.6%+12.1%/yr | +201.0% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| Since inceptionFeb 25, 2016 | +262.7%+12.8%/yr | +246.5% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: JSMD vs SPY
From Feb 25, 2016: JSMD grew to $36,265, SPY to $46,215.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
JSMD returns by calendar year
7 of 9 full years positive. Best 2019 (+31.1%), worst 2022 (−22.8%). 2026 is year to date.
JSMD annual returns table
| Year | JSMD | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +7.6% | −14.9% | +12.3% | +15.1% | −1.0% |
| 2025 | +9.2% | −20.3% | +17.7% | +20.8% | +7.2% |
| 2024 | +15.1% | −9.1% | +24.9% | +25.6% | +1.3% |
| 2023 | +26.8% | −16.6% | +26.2% | +54.9% | +5.7% |
| 2022 | −22.8% | −29.6% | −18.2% | −32.6% | −13.0% |
| 2021 | +8.4% | −9.3% | +28.7% | +27.4% | −1.8% |
| 2020 | +30.8% | −39.0% | +18.3% | +48.6% | +7.5% |
| 2019 | +31.1% | −9.5% | +31.2% | +39.0% | +8.5% |
| 2018 | −4.7% | −27.1% | −4.6% | −0.1% | +0.1% |
| 2017 | +24.5% | −11.3% | +21.7% | +32.7% | +3.6% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
JSMD largest drawdowns
Now 13.5% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jan 23, 2020 | −39.0% | Mar 23, 2020 | Jul 23, 2020 | 2 months | 6 months |
| Nov 16, 2021 | −32.2% | Jun 14, 2022 | Mar 28, 2024 | 7 months | 2.4 years |
| Sep 14, 2018 | −27.1% | Dec 24, 2018 | Nov 26, 2019 | 3 months | 1.2 years |
| Dec 4, 2024 | −24.0% | Apr 8, 2025 | Aug 22, 2025 | 4 months | 9 months |
| Jan 22, 2026 | −14.9% | Mar 30, 2026 | Apr 17, 2026 | 2 months | 3 months |
| Jun 30, 2026 | −13.7% | Oct 16, 2026 | not yet | 4 months | 4 months so far |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
JSMD risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2016 |
|---|---|---|---|---|
| Annualized return | +15.8% | +7.1% | +12.1% | +13.0% |
| Volatility (annualized) | 19.5% | 21.0% | 20.6% | 20.1% |
| Sharpe ratio | 0.63 | 0.26 | 0.55 | 0.60 |
| Sortino ratio | 1.09 | 0.41 | 0.85 | 0.94 |
| Best month | +13.5% | +13.5% | +16.4% | +16.4% |
| Worst month | −8.5% | −10.5% | −19.0% | −19.0% |
| Best 12 months | +38.0% | +38.0% | +88.3% | +88.3% |
| Worst 12 months | +0.9% | −24.3% | −24.4% | −24.4% |
| Positive months | 58% | 53% | 63% | 65% |
| Beta vs S&P 500 | 1.25 | 1.16 | 1.18 | — |
| Correlation with S&P 500 | 0.80 | 0.86 | 0.88 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
JSMD rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 117 | −24.4% | +15.2% | +88.3% | 82% |
| 3-year (a year) | 93 | −0.9% | +12.9% | +22.9% | 98% |
| 5-year (a year) | 69 | +3.9% | +9.8% | +21.3% | 100% |
| 10-year (a year) | 9 | +11.9% | +12.6% | +14.3% | 100% |
Every holding period starting at a month-end since 2016. Returns for 3 years and longer are annualized.
JSMD performance overview
Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD) returned +4.4% over the past year and +12.1% a year over ten years, with distributions reinvested. Since its first recorded price in 2016 it has returned +12.8% a year, turning $10,000 into about $36,265. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −39.0%, from Jan 23, 2020 to Mar 23, 2020, and it took 4 months to get back to the old high. JSMD finished 7 of its 9 full calendar years with a gain; the best year was 2019 (+31.1%) and the worst 2022 (−22.8%). Volatility has been 20.1% a year.
Related: JSMD chart, JSMD holdings, JSMD dividends, JSMD valuation. See the JSMD overview for the latest quote and fund facts.
JSMD performance FAQ
What is the JSMD return over the past year?
JSMD returned +4.4% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 4.0%.
What is the average annual return of JSMD?
JSMD has returned +6.0% a year over 5 years, +12.1% a year over 10 years, +12.8% a year since February 25, 2016 (total return, distributions reinvested).
How much would $10,000 invested in JSMD be worth?
$10,000 invested in JSMD at its first recorded close on February 25, 2016 would be worth about $36,265 on October 23, 2026 with distributions reinvested.
What was the worst year for JSMD?
The worst calendar year was 2022, with a total return of −22.8%. The best was 2019 at +31.1%.
What is the biggest drawdown of JSMD?
The largest peak-to-trough decline was −39.0% between January 23, 2020 and March 23, 2020. It recovered to the old high on July 23, 2020, 4 months after the bottom.
How volatile is JSMD?
Over the past 3 years JSMD had an annualized volatility of 19.5% and a Sharpe ratio of 0.63 (excess return over 1–3 month T-bills per unit of risk).