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Sunday, August 23, 2026The Morning Brief →Sign in
JSMLJANUS HENDERSON SMALL CAP GROWTH ALPHA ETF

JANUS HENDERSON SMALL CAP GROWTH ALPHA ETF

$90.63+1.49% today
679352-WK
Price & daily flows
87.680.272.890.63DAILY NET FLOWAug 22Dec 19Apr 21Aug 21

SOURCE: MARKET TAPE & DAILY CREATION/REDEMPTION RECORDS · 1Y SHOWN

The desk’s read

Flows are quiet — the past month netted out near zero, while the price has returned +22.3% so far this year.

COMPOSED FROM THE FUND’S OWN DAILY RECORDS · UPDATED WITH EACH REFRESH

$223Massets under management
expense ratio
net flow, trailing month
17Kavg daily volume, 30 days
202holdings · US-domiciled
2024listed April 3, 2024 · beta 1.45
Sector weights
Industrials23.34%
Healthcare21.4%
Technology20.13%
Information Technology18.63%
Financials13.76%
Electronic Technology13.16%
Finance12.26%
Financial Services11.83%
Consumer Discretionary11.6%
Commercial Services10.25%
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Country weights
United States99.57%
Cayman Islands2.67%
Colombia0.88%
Bermuda0.61%
Ireland0.46%
United Kingdom0.35%
Other0.2%
China0.1%
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Performance
1 week-2.1%
1 month+2.2%
3 months+7.3%
6 months+18.8%
YTD+22.3%
1 year+25.6%
3 years

PRICE RETURN, DISTRIBUTIONS NOT REINVESTED

Net flows
1 week
1 month
3 months
YTD
1 year

CREATION/REDEMPTION DOLLARS, DAILY RECORDS

The risk read
22%realized volatility, 30 days (annualized)
23%realized volatility, 1 year
-14.8%deepest fall from a peak, 1 year
-2.7%where it sits vs. that peak today

VOLATILITY & DRAWDOWN FROM THE DAILY TAPE · CONCENTRATION FROM THE LATEST DISCLOSED BOOK

Options tape
calls today
puts today
put/call ratio
6Kshares traded
The case against JSML

Due diligence cuts both ways. These funds sit on the same shelf and beat JSML on at least one dimension that matters — the fee, the asset base, or where the money is going.

FundFeeAssetsFlow, 1MThe case
IJH iShares Core S&P Mid-Cap ETF0.05%$128.4B+$547M575× the assets · +$547M in over the monthHead-to-head
IVW iShares S&P 500 Growth ETF0.18%$77.4B+$322M347× the assets · +$322M in over the monthHead-to-head
IVE iShares S&P 500 Value ETF0.18%$50.4B+$51M226× the assets · +$51M in over the monthHead-to-head
QUAL iShares MSCI USA Quality Factor ETF0.15%$47.9B+$574M214× the assets · +$574M in over the monthHead-to-head
IUSG iShares Core S&P U.S. Growth ETF0.04%$33.8B+$668M151× the assets · +$668M in over the monthHead-to-head
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InstrumentsHarvest substitutesTrade cost at $1MClient tearsheetStress this fund
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