JSML vs SCHD
Janus Henderson Small Cap Growth Alpha ETF vs Schwab US Dividend Equity ETF
Which is better, JSML or SCHD?
Small Cap Growth against Large Cap Value.
SCHD has a lower expense ratio. JSML led over 3Y and the full window, SCHD over 1Y and 5Y. JSML is less concentrated, with 18.1% 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 | JSML | SCHD |
|---|---|---|
| Expense Ratio | 0.30% | 0.06%Best |
| AUM | $322M | $112.1B |
| Dividend Yield | 1.15% | 3.00% |
| Holdings | 122 | 103 |
| YTD Return | +19.09% | +24.23%Best |
| 1Y Return | +18.93% | +27.90%Best |
| 3Y Return (annualized) | +20.43%Best | +15.55% |
| 5Y Return (annualized) | +6.02% | +9.97%Best |
| Volatility (annualized) | 22.9% | 15.0%Best |
| Max Drawdown | -39.6% | -33.4%Best |
| $10,000 over 5 years | $13,395 | $16,083Best |
| Top 10 Weight | 18.1%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 17, 2026 (10.6 years).
JSML 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 10.6 years both funds cover.
JSML vs SCHD Performance
Janus Henderson Small Cap Growth Alpha ETF (JSML) 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 JSML returned +18.93% while SCHD returned +27.90%. Year to date, JSML is up 19.09% versus a gain of 24.23% for SCHD.
Over three years, JSML compounded at +20.43% per year against +15.55% for SCHD; over five years the annualized figures are +6.02% and +9.97% respectively. Across the full 11-year window we track, JSML has the edge at +13.00% annualized vs +11.65%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
JSML has been the more volatile fund, with annualized monthly volatility of 22.9% compared with 15.0% 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 -39.6% for JSML 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 0.73. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
JSML 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, JSML currently yields 1.15% against 3.00% for SCHD.
Holdings Overlap
1.8% of JSML's money is in holdings SCHD also owns. 0.1% of SCHD's money is in holdings JSML also owns.
JSML and SCHD share little of their money.
2 positions in common, counted across the 121 positions we hold weights for in JSML and 100 in SCHD, against full books of 122 and 103.
What only one of them owns
Our book lists 97 positions for SCHD that do not appear in our book for JSML (99.8% of the fund), and 117 for JSML that do not appear in SCHD (97.2%).
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.
You are not choosing between two funds in isolation.
Whichever of JSML 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, JSML or SCHD?
JSML 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, JSML or SCHD?
Over the past year JSML returned +18.93% vs +27.90% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (11 years), JSML annualized +13.00% vs +11.65% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, JSML or SCHD?
JSML has been the more volatile fund at 22.9% annualized versus 15.0% for SCHD. Worst drawdown: JSML -39.6% vs SCHD -33.4%.
Should I hold both JSML and SCHD?
JSML and SCHD have a monthly-return correlation of 0.73, 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 JSML and SCHD?
1.8% of JSML's money is in holdings SCHD also owns. 0.1% of SCHD's is in holdings JSML also owns. They hold 2 positions in common, counted across the 121 positions we hold weights for in JSML and 100 in SCHD.
Which pays a higher dividend, JSML or SCHD?
JSML yields 1.15% while SCHD yields 3.00%, so SCHD currently pays the higher dividend yield.
Is SCHD better than JSML?
SCHD has a lower expense ratio. JSML led over 3Y and the full window, SCHD over 1Y and 5Y. JSML is less concentrated, with 18.1% 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.