IVV vs JSML
iShares Core S&P 500 ETF vs Janus Henderson Small Cap Growth Alpha ETF
Quick Verdict
IVV has a lower expense ratio. JSML delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | JSML | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.30% | |
| AUM | $865.2B | $322M | |
| Dividend Yield | 1.09% | 0.86% | |
| Holdings | 508 | 122 | |
| YTD Return | +13.80% | +25.22% | |
| 1Y Return | +23.70% | +35.26% | |
| 3Y Return (annualized) | +21.49% | +18.76% | |
| 5Y Return (annualized) | +13.43% | +6.92% | |
| Volatility (annualized) | 15.1% | 23.0% | |
| Max Drawdown | -56.5% | -39.6% | |
| Fund Family | iShares by BlackRock (US) | Janus Henderson Investors | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Feb 23, 2016 |
IVV vs JSML Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Janus Henderson Small Cap Growth Alpha ETF (JSML) is a ETF from Janus Henderson Investors. Over the past year IVV returned +23.70% while JSML returned +35.26%. Year to date, IVV is up 13.80% versus a gain of 25.22% for JSML.
Over three years, IVV compounded at +21.49% per year against +18.76% for JSML; over five years the annualized figures are +13.43% and +6.92% respectively. Across the full 10-year window we track, JSML has the edge at +13.70% annualized vs +7.05%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
JSML has been the more volatile fund, with annualized monthly volatility of 23.0% 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 -39.6% for JSML. 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 0.85. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while JSML 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 1.09% against 0.86% for JSML.
Holdings Overlap
IVV and JSML share 0 holdings out of 626 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or JSML?
IVV has an expense ratio of 0.03% while JSML 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 JSML?
Over the past year IVV returned +23.70% vs +35.26% for JSML, so JSML leads on 1-year performance. Over the longest common window we track (10 years), IVV annualized +7.05% vs +13.70% for JSML. Past performance does not guarantee future results.
Which is riskier, IVV or JSML?
JSML has been the more volatile fund at 23.0% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs JSML -39.6%.
Should I hold both IVV and JSML?
IVV and JSML have a monthly-return correlation of 0.85, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and JSML?
IVV and JSML share 0 common holdings with a 0.0% weight overlap. Combined, they hold 626 unique securities.
Which pays a higher dividend, IVV or JSML?
IVV yields 1.09% while JSML yields 0.86%, so IVV currently pays the higher dividend yield.
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