JSMD vs VOO
Janus Henderson Small/Mid Cap Growth Alpha ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. JSMD delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | JSMD | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.30% | 0.03% | |
| AUM | $1.0B | $997.4B | |
| Dividend Yield | 0.44% | 1.08% | |
| Holdings | 123 | 509 | |
| YTD Return | +18.78% | +14.27% | |
| 1Y Return | +22.08% | +21.79% | |
| 3Y Return (annualized) | +17.55% | +22.19% | |
| 5Y Return (annualized) | +8.45% | +13.28% | |
| Volatility (annualized) | 20.2% | 14.2% | |
| Max Drawdown | -39.0% | -34.3% | |
| Fund Family | Janus Henderson Investors | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Feb 23, 2016 | Sep 7, 2010 |
JSMD vs VOO Performance
Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD) is a ETF from Janus Henderson Investors and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year JSMD returned +22.08% while VOO returned +21.79%. Year to date, JSMD is up 18.78% versus a gain of 14.27% for VOO.
Over three years, JSMD compounded at +17.55% per year against +22.19% for VOO; over five years the annualized figures are +8.45% and +13.28% respectively. Across the full 11-year window we track, JSMD has the edge at +14.09% annualized vs +13.59%. 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 14.2% for VOO. 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 -34.3% for VOO. 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 0.88. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
JSMD charges 0.30% per year while VOO charges 0.03%. On a $10,000 position that is $30 vs $3 annually, a gap of $27 per year that compounds over a long holding period. On income, JSMD currently yields 0.44% against 1.08% for VOO.
Holdings Overlap
JSMD and VOO share 5 holdings out of 621 unique holdings combined, representing a 0.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, JSMD or VOO?
JSMD has an expense ratio of 0.30% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $27 per year of difference.
Which performed better, JSMD or VOO?
Over the past year JSMD returned +22.08% vs +21.79% for VOO, so JSMD leads on 1-year performance. Over the longest common window we track (11 years), JSMD annualized +14.09% vs +13.59% for VOO. Past performance does not guarantee future results.
Which is riskier, JSMD or VOO?
JSMD has been the more volatile fund at 20.2% annualized versus 14.2% for VOO. Worst drawdown: JSMD -39.0% vs VOO -34.3%.
Should I hold both JSMD and VOO?
JSMD and VOO have a monthly-return correlation of 0.88, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between JSMD and VOO?
JSMD and VOO share 5 common holdings with a 0.3% weight overlap. Combined, they hold 621 unique securities.
Which pays a higher dividend, JSMD or VOO?
JSMD yields 0.44% while VOO yields 1.08%, so VOO currently pays the higher dividend yield.
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