JSMD vs SCHD
Janus Henderson Small/Mid Cap Growth Alpha ETF vs Schwab US Dividend Equity ETF
Which is better, JSMD or SCHD?
Small Cap Growth against Large Cap Value.
SCHD has a lower expense ratio. JSMD led over the full window, SCHD over 1Y, 3Y and 5Y. JSMD is less concentrated, with 39.6% of the fund in its ten largest positions against 41.8%.
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 | JSMD | SCHD |
|---|---|---|
| Expense Ratio | 0.30% | 0.06%Best |
| AUM | $1.0B | $112.1B |
| Dividend Yield | 0.44% | 3.00% |
| Holdings | 123 | 103 |
| YTD Return | +10.36% | +24.59%Best |
| 1Y Return | +9.06% | +28.14%Best |
| 3Y Return (annualized) | +15.31% | +15.58%Best |
| 5Y Return (annualized) | +6.40% | +9.90%Best |
| Volatility (annualized) | 20.1% | 14.9%Best |
| Max Drawdown | -39.0% | -33.4%Best |
| $10,000 over 5 years | $13,637 | $16,032Best |
| Top 10 Weight | 39.6%Best | 41.8% |
| Fund Family | Janus Henderson Investors | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Small Cap Growth | Large Cap Value |
| Inception | Feb 23, 2016 | Oct 20, 2011 |
Volatility and max drawdown are measured over the window both funds cover: Feb 25, 2016 to Sep 10, 2026 (10.5 years).
JSMD vs SCHD 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.
JSMD vs SCHD Performance
Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD) is an ETF from Janus Henderson Investors and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year JSMD returned +9.06% while SCHD returned +28.14%. Year to date, JSMD is up 10.36% versus a gain of 24.59% for SCHD.
Over three years, JSMD compounded at +15.31% per year against +15.58% for SCHD; over five years the annualized figures are +6.40% and +9.90% respectively. Across the full 11-year window we track, JSMD has the edge at +13.19% annualized vs +11.70%.
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 14.9% 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 what each fund did in the worst stretch of the window measured above.
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 3.00% for SCHD.
Holdings Overlap
We hold position weights for 303 holdings in JSMD and 100 in SCHD, totalling 97.7% and 100.0% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
The two holdings books were reported 62 days apart, JSMD as of Jun 30, 2026 and SCHD as of Aug 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.
0 positions in common, counted across the 303 positions we hold weights for in JSMD and 100 in SCHD, against full books of 123 and 103.
What only one of them owns
Our book lists 99 positions for SCHD that do not appear in our book for JSMD (99.9% of the fund), and 9 for JSMD that do not appear in SCHD (1.7%).
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 JSMD and SCHD 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, JSMD or SCHD?
JSMD has an expense ratio of 0.30% while SCHD charges 0.06%. SCHD is the cheaper option, by $24 a year on a $10,000 investment.
Which performed better, JSMD or SCHD?
Over the past year JSMD returned +9.06% vs +28.14% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (11 years), JSMD annualized +13.19% vs +11.70% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, JSMD or SCHD?
JSMD has been the more volatile fund at 20.1% annualized versus 14.9% 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 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, JSMD or SCHD?
JSMD yields 0.44% while SCHD yields 3.00%, so SCHD currently pays the higher dividend yield.
Is SCHD better than JSMD?
SCHD has a lower expense ratio. JSMD led over the full window, SCHD over 1Y, 3Y and 5Y. JSMD is less concentrated, with 39.6% of the fund in its ten largest positions against 41.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.