JMID vs SPY
Janus Henderson Mid Cap Growth Alpha ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, JMID or SPY?
Mid Cap Growth against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y and the full window. JMID is less concentrated, with 26.5% of the fund in its ten largest positions against 37.1%.
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 | JMID | SPY |
|---|---|---|
| Expense Ratio | 0.30% | 0.09%Best |
| AUM | $20M | $797.9B |
| Dividend Yield | 0.52% | 1.00% |
| Holdings | 286 | 504 |
| YTD Return | +2.83% | +11.28%Best |
| 1Y Return | +3.86% | +13.46%Best |
| 3Y Return (annualized) | - | +20.37% |
| 5Y Return (annualized) | - | +11.54% |
| Volatility (annualized) | 17.1% | 12.3%Best |
| Max Drawdown | -25.6% | -18.8%Best |
| $10,000 over 2.2 years | $12,212 | $13,888Best |
| Top 10 Weight | 26.5%Best | 37.1% |
| Fund Family | Janus Henderson Investors | State Street Investment Management |
| Category | Equity | Equity |
| Style | Mid Cap Growth | Large Cap Blend |
| Inception | Sep 17, 2024 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 2.2 years row, are measured over the window both funds cover: Sep 18, 2024 to Nov 13, 2026 (2.2 years).
JMID vs SPY 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 2.2 years both funds cover.
JMID vs SPY Performance
Janus Henderson Mid Cap Growth Alpha ETF (JMID) is an ETF from Janus Henderson Investors and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year JMID returned +3.86% while SPY returned +13.46%. Year to date, JMID is up 2.83% versus a gain of 11.28% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
JMID has been the more volatile fund, with annualized monthly volatility of 17.1% compared with 12.3% for SPY. 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 -25.6% for JMID and -18.8% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.83. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
JMID charges 0.30% per year while SPY charges 0.09%. On a $10,000 position that is $30 vs $9 annually, a gap of $21 per year that compounds over a long holding period. On income, JMID currently yields 0.52% against 1.00% for SPY.
Holdings Overlap
55.5% of JMID's money is in holdings SPY also owns. 2.6% of SPY's money is in holdings JMID also owns.
The two portfolios partly overlap.
39 positions in common, counted across the 94 positions we hold weights for in JMID and 502 in SPY, against full books of 286 and 504.
What only one of them owns
Our book lists 461 positions for SPY that do not appear in our book for JMID (97.2% of the fund), and 52 for JMID that do not appear in SPY (41.2%).
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.
Top Shared Holdings
| Stock | Weight in JMID | Weight in SPY | Difference |
|---|---|---|---|
| MPCMarathon Petroleum Corp. | 3.72% | 0.19% | 3.53% |
| CORCencora Inc | 3.49% | 0.10% | 3.39% |
| VSTVistra Energy Corp. | 2.92% | 0.07% | 2.85% |
| EXPEExpedia Group Inc. | 2.63% | 0.05% | 2.58% |
| ROKRockwell Automation Inc. | 2.38% | 0.08% | 2.30% |
| DXCMDexcom Inc. | 2.38% | 0.05% | 2.33% |
| ITGartner Inc. | 2.32% | 0.02% | 2.30% |
| GDDYGodaddy Inc. Class A | 2.30% | 0.02% | 2.28% |
| KEYSKeysight Technologies Inc. | 2.19% | 0.08% | 2.11% |
| SYYSysco Corp. | 2.18% | 0.06% | 2.12% |
55.5% of JMID is already inside SPY.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, JMID or SPY?
JMID has an expense ratio of 0.30% while SPY charges 0.09%. SPY is the cheaper option, by $21 a year on a $10,000 investment.
Which performed better, JMID or SPY?
Over the past year JMID returned +3.86% vs +13.46% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), JMID annualized +9.51% vs +16.10% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, JMID or SPY?
JMID has been the more volatile fund at 17.1% annualized versus 12.3% for SPY. Worst drawdown: JMID -25.6% vs SPY -18.8%.
Should I hold both JMID and SPY?
JMID and SPY have a monthly-return correlation of 0.83, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between JMID and SPY?
55.5% of JMID's money is in holdings SPY also owns. 2.6% of SPY's is in holdings JMID also owns. They hold 39 positions in common, counted across the 94 positions we hold weights for in JMID and 502 in SPY.
Which pays a higher dividend, JMID or SPY?
JMID yields 0.52% while SPY yields 1.00%, so SPY currently pays the higher dividend yield.
Is SPY better than JMID?
SPY has a lower expense ratio. SPY led over 1Y and the full window. JMID is less concentrated, with 26.5% of the fund in its ten largest positions against 37.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.