JSMD vs VTI
Janus Henderson Small/Mid Cap Growth Alpha ETF vs Vanguard Morningstar Total Stock Market ETF
Quick Verdict
VTI has a lower expense ratio. VTI delivered stronger 1-year returns. VTI offers more diversification with 3,543 holdings.
Side-by-Side Comparison
| Metric | JSMD | VTI | Winner |
|---|---|---|---|
| Expense Ratio | 0.30% | 0.03% | |
| AUM | $1.0B | $666.9B | |
| Dividend Yield | 0.44% | 1.07% | |
| Holdings | 123 | 3,543 | |
| YTD Return | +15.52% | +13.14% | |
| 1Y Return | +19.23% | +22.35% | |
| 3Y Return (annualized) | +17.32% | +21.83% | |
| 5Y Return (annualized) | +7.78% | +12.01% | |
| Volatility (annualized) | 20.2% | 15.3% | |
| Max Drawdown | -39.0% | -56.6% | |
| Fund Family | Janus Henderson Investors | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Feb 23, 2016 | May 24, 2001 |
JSMD vs VTI Performance
Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD) is a ETF from Janus Henderson Investors and Vanguard Morningstar Total Stock Market ETF (VTI) is a ETF from Vanguard (US). Over the past year JSMD returned +19.23% while VTI returned +22.35%. Year to date, JSMD is up 15.52% versus a gain of 13.14% for VTI.
Over three years, JSMD compounded at +17.32% per year against +21.83% for VTI; over five years the annualized figures are +7.78% and +12.01% respectively. Across the full 11-year window we track, JSMD has the edge at +13.76% annualized vs +8.09%. 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 15.3% for VTI. 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 -56.6% for VTI. 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 0.91. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
JSMD charges 0.30% per year while VTI 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 1.07% for VTI.
Holdings Overlap
JSMD and VTI share 95 holdings out of 2813 unique holdings combined, representing a 1.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, JSMD or VTI?
JSMD has an expense ratio of 0.30% while VTI charges 0.03%. VTI is the cheaper option. On a $10,000 investment, that is $27 per year of difference.
Which performed better, JSMD or VTI?
Over the past year JSMD returned +19.23% vs +22.35% for VTI, so VTI leads on 1-year performance. Over the longest common window we track (11 years), JSMD annualized +13.76% vs +8.09% for VTI. Past performance does not guarantee future results.
Which is riskier, JSMD or VTI?
JSMD has been the more volatile fund at 20.2% annualized versus 15.3% for VTI. Worst drawdown: JSMD -39.0% vs VTI -56.6%.
Should I hold both JSMD and VTI?
JSMD and VTI have a monthly-return correlation of 0.91, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between JSMD and VTI?
JSMD and VTI share 95 common holdings with a 1.1% weight overlap. Combined, they hold 2813 unique securities.
Which pays a higher dividend, JSMD or VTI?
JSMD yields 0.44% while VTI yields 1.07%, so VTI currently pays the higher dividend yield.
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