IVV vs JSMD
iShares Core S&P 500 ETF vs Janus Henderson Small/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 | JSMD | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.30% | |
| AUM | $907.0B | $1.0B | |
| Dividend Yield | 1.10% | 0.44% | |
| Holdings | 508 | 123 | |
| YTD Return | +12.28% | +14.74% | |
| 1Y Return | +20.94% | +18.70% | |
| 3Y Return (annualized) | +21.81% | +17.09% | |
| 5Y Return (annualized) | +13.05% | +7.88% | |
| Volatility (annualized) | 15.1% | 20.2% | |
| Max Drawdown | -56.5% | -39.0% | |
| Fund Family | iShares by BlackRock (US) | Janus Henderson Investors | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Feb 23, 2016 |
IVV vs JSMD Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD) is a ETF from Janus Henderson Investors. Over the past year IVV returned +20.94% while JSMD returned +18.70%. Year to date, IVV is up 12.28% versus a gain of 14.74% for JSMD.
Over three years, IVV compounded at +21.81% per year against +17.09% for JSMD; over five years the annualized figures are +13.05% and +7.88% respectively. Across the full 11-year window we track, JSMD has the edge at +13.69% annualized vs +6.98%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
JSMD has been the more volatile fund, with annualized monthly volatility of 20.2% 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 -39.0% for JSMD. 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 0.88. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while JSMD 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 0.44% for JSMD.
Holdings Overlap
IVV and JSMD share 5 holdings out of 621 unique holdings combined, representing a 0.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or JSMD?
IVV has an expense ratio of 0.03% while JSMD 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 JSMD?
Over the past year IVV returned +20.94% vs +18.70% for JSMD, so IVV leads on 1-year performance. Over the longest common window we track (11 years), IVV annualized +6.98% vs +13.69% for JSMD. Past performance does not guarantee future results.
Which is riskier, IVV or JSMD?
JSMD has been the more volatile fund at 20.2% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs JSMD -39.0%.
Should I hold both IVV and JSMD?
IVV and JSMD have a monthly-return correlation of 0.88, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and JSMD?
IVV and JSMD share 5 common holdings with a 0.3% weight overlap. Combined, they hold 621 unique securities.
Which pays a higher dividend, IVV or JSMD?
IVV yields 1.10% while JSMD yields 0.44%, so IVV currently pays the higher dividend yield.
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