IVV vs JMID
iShares Core S&P 500 ETF vs Janus Henderson Mid Cap Growth Alpha ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | JMID | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.30% | |
| AUM | $907.0B | $22M | |
| Dividend Yield | 1.10% | 0.58% | |
| Holdings | 508 | 94 | |
| YTD Return | +12.39% | +9.64% | |
| 1Y Return | +20.24% | +8.58% | |
| 3Y Return (annualized) | +21.78% | - | |
| 5Y Return (annualized) | +12.84% | - | |
| Volatility (annualized) | 15.1% | 17.9% | |
| Max Drawdown | -56.5% | -25.4% | |
| Fund Family | iShares by BlackRock (US) | Janus Henderson Investors | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Sep 17, 2024 |
IVV vs JMID Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Janus Henderson Mid Cap Growth Alpha ETF (JMID) is a ETF from Janus Henderson Investors. Over the past year IVV returned +20.24% while JMID returned +8.58%. Year to date, IVV is up 12.39% versus a gain of 9.64% for JMID.
Risk: Volatility and Drawdowns
JMID has been the more volatile fund, with annualized monthly volatility of 17.9% compared with 15.1% for IVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -56.5% for IVV and -25.4% for JMID. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.82. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while JMID charges 0.30%. On a $10,000 position that is $3 vs $30 annually, a gap of $27 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 0.58% for JMID.
Holdings Overlap
IVV and JMID share 37 holdings out of 561 unique holdings combined, representing a 2.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or JMID?
IVV has an expense ratio of 0.03% while JMID charges 0.30%. IVV is the cheaper option. On a $10,000 investment, that is $27 per year of difference.
Which performed better, IVV or JMID?
Over the past year IVV returned +20.24% vs +8.58% for JMID, so IVV leads on 1-year performance. Over the longest common window we track (2 years), IVV annualized +6.98% vs +14.71% for JMID. Past performance does not guarantee future results.
Which is riskier, IVV or JMID?
JMID has been the more volatile fund at 17.9% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs JMID -25.4%.
Should I hold both IVV and JMID?
IVV and JMID have a monthly-return correlation of 0.82, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and JMID?
IVV and JMID share 37 common holdings with a 2.2% weight overlap. Combined, they hold 561 unique securities.
Which pays a higher dividend, IVV or JMID?
IVV yields 1.10% while JMID yields 0.58%, so IVV currently pays the higher dividend yield.
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