IVV vs JSMD
iShares Core S&P 500 ETF vs Janus Henderson Small/Mid Cap Growth Alpha ETF
Which is better, IVV or JSMD?
Large Cap Blend against Small Cap Growth.
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. IVV is less concentrated, with 37.9% of the fund in its ten largest positions against 39.6%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | IVV | JSMD |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.30% |
| AUM | $876.4B | $1.0B |
| Dividend Yield | 1.06% | 0.44% |
| Holdings | 508 | 123 |
| YTD Return | +11.57%Best | +10.36% |
| 1Y Return | +17.57%Best | +9.06% |
| 3Y Return (annualized) | +20.71%Best | +15.31% |
| 5Y Return (annualized) | +12.80%Best | +6.40% |
| Volatility (annualized) | 15.1%Best | 20.1% |
| Max Drawdown | -33.9%Best | -39.0% |
| $10,000 over 5 years | $18,262Best | $13,637 |
| Top 10 Weight | 37.9%Best | 39.6% |
| Fund Family | iShares by BlackRock (US) | Janus Henderson Investors |
| Category | Equity | Equity |
| Style | Large Cap Blend | Small Cap Growth |
| Inception | May 15, 2000 | Feb 23, 2016 |
Volatility and max drawdown are measured over the window both funds cover: Feb 25, 2016 to Sep 10, 2026 (10.5 years).
IVV vs JSMD growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 10.5 years both funds cover.
IVV vs JSMD Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD) is an ETF from Janus Henderson Investors. Over the past year IVV returned +17.57% while JSMD returned +9.06%. Year to date, IVV is up 11.57% versus a gain of 10.36% for JSMD.
Over three years, IVV compounded at +20.71% per year against +15.31% for JSMD; over five years the annualized figures are +12.80% and +6.40% respectively. Across the full 11-year window we track, IVV has the edge at +14.54% annualized vs +13.19%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
JSMD has been the more volatile fund, with annualized monthly volatility of 20.1% 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 -33.9% for IVV and -39.0% for JSMD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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 1.06% against 0.44% for JSMD.
Holdings Overlap
We hold position weights for 505 holdings in IVV and 303 in JSMD, totalling 100.0% and 97.7% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 505 positions we hold weights for in IVV and 303 in JSMD, against full books of 508 and 123.
What only one of them owns
Our book lists 9 positions for JSMD that do not appear in our book for IVV (1.7% of the fund), and 495 for IVV that do not appear in JSMD (99.3%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of IVV and JSMD you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
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, by $27 a year on a $10,000 investment.
Which performed better, IVV or JSMD?
Over the past year IVV returned +17.57% vs +9.06% for JSMD, so IVV leads on 1-year performance. Over the longest common window we track (11 years), IVV annualized +14.54% vs +13.19% for JSMD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or JSMD?
JSMD has been the more volatile fund at 20.1% annualized versus 15.1% for IVV. Worst drawdown: IVV -33.9% vs JSMD -39.0%.
Should I hold both IVV and JSMD?
IVV and JSMD have a monthly-return correlation of 0.88, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, IVV or JSMD?
IVV yields 1.06% while JSMD yields 0.44%, so IVV currently pays the higher dividend yield.
Is JSMD better than IVV?
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. IVV is less concentrated, with 37.9% of the fund in its ten largest positions against 39.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.