JSMD vs SCHD
Janus Henderson Small/Mid Cap Growth Alpha ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. JSMD offers more diversification with 123 holdings.
Side-by-Side Comparison
| Metric | JSMD | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.30% | 0.06% | |
| AUM | $1.0B | $108.7B | |
| Dividend Yield | 0.44% | 3.13% | |
| Holdings | 123 | 104 | |
| YTD Return | +16.39% | +28.63% | |
| 1Y Return | +20.05% | +32.53% | |
| 3Y Return (annualized) | +17.67% | +16.97% | |
| 5Y Return (annualized) | +8.51% | +10.47% | |
| Volatility (annualized) | 20.2% | 13.7% | |
| Max Drawdown | -39.0% | -33.4% | |
| Fund Family | Janus Henderson Investors | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Feb 23, 2016 | Oct 20, 2011 |
JSMD vs SCHD Performance
Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD) is a ETF from Janus Henderson Investors and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year JSMD returned +20.05% while SCHD returned +32.53%. Year to date, JSMD is up 16.39% versus a gain of 28.63% for SCHD.
Over three years, JSMD compounded at +17.67% per year against +16.97% for SCHD; over five years the annualized figures are +8.51% and +10.47% respectively. Across the full 11-year window we track, JSMD has the edge at +13.85% annualized vs +11.63%. 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 13.7% for SCHD. 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 -39.0% for JSMD and -33.4% for SCHD. 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 0.76. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
JSMD charges 0.30% per year while SCHD charges 0.06%. On a $10,000 position that is $30 vs $6 annually, a gap of $24 per year that compounds over a long holding period. On income, JSMD currently yields 0.44% against 3.13% for SCHD.
Holdings Overlap
Frequently Asked Questions
Which is cheaper, JSMD or SCHD?
JSMD has an expense ratio of 0.30% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $24 per year of difference.
Which performed better, JSMD or SCHD?
Over the past year JSMD returned +20.05% vs +32.53% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (11 years), JSMD annualized +13.85% vs +11.63% for SCHD. Past performance does not guarantee future results.
Which is riskier, JSMD or SCHD?
JSMD has been the more volatile fund at 20.2% annualized versus 13.7% for SCHD. Worst drawdown: JSMD -39.0% vs SCHD -33.4%.
Should I hold both JSMD and SCHD?
JSMD and SCHD have a monthly-return correlation of 0.76, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between JSMD and SCHD?
JSMD and SCHD share 2 common holdings with a 0.1% weight overlap. Combined, they hold 219 unique securities.
Which pays a higher dividend, JSMD or SCHD?
JSMD yields 0.44% while SCHD yields 3.13%, so SCHD currently pays the higher dividend yield.
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