JSMD - ETF AI Analysis

Top Page

Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD)

Rating:72Outperform

Price Target:―

JSMD, the Janus Henderson Small/Mid Cap Growth Alpha ETF, earns a solid overall rating thanks to several high-quality growth holdings like Onto Innovation, Comfort Systems USA, and Sanmina, which show strong financial health, positive earnings commentary, and supportive technical trends. These strengths are partly offset by weaker names such as Workiva, where high leverage, negative equity, and valuation concerns weigh on its contribution. The main risk factor for the fund is that many top holdings appear richly valued or overbought, which could make the ETF more sensitive to market pullbacks.

Positive Factors

Broad Sector Diversification

The fund spreads its investments across many sectors, including technology, health care, industrials, consumer, and financials, which helps reduce the impact if any one area struggles.

Strong Recent Performance

The ETF has shown steady gains over the past month, three months, and year-to-date, indicating positive recent momentum.

Solid Top Holdings Contribution

Several of the largest positions, such as Comfort Systems, Onto Innovation, Rocket Lab, and Argan, have delivered strong year-to-date results that support the fund’s overall performance.

Negative Factors

High U.S. Concentration

Almost all of the fund’s assets are invested in U.S. companies, offering very little geographic diversification if the U.S. market weakens.

Growth and Small/Mid-Cap Volatility

Because the ETF focuses on small- and mid-sized growth companies, its share price can be more sensitive to market swings than funds holding larger, more established firms.

Moderate Expense Ratio

The fund’s expense ratio is not especially low, meaning fees take a noticeable, though not extreme, bite out of long-term returns compared with the cheapest ETFs.

JSMD vs. SPDR S&P 500 ETF (SPY)

AUM832.43M

RegionNorth America

Expense Ratio0.30%

Beta1.01

IssuerJanus Henderson

Inception DateFeb 23, 2016

Dividend Yield0.52%

Asset ClassEquity

Index TrackedNo Underlying Index

Share Statistics

EPS (TTM)N/A

Shares OutstandingN/A

10 Day Avg. Volume58,021

30 Day Avg. Volume56,598

Financial Highlights & Ratios

PEG RatioN/A

Price to Book (P/B)N/A

Price to Sales (P/S)N/A

P/FCF RatioN/A

Enterprise Value/Market CapN/A

Enterprise Value/RevenueN/A

Enterprise Value/Gross ProfitN/A

Enterprise Value/EbitdaN/A

Forecast

1Y Price Target

101.24

Price Target Upside― Downside

Rating ConsensusModerate Buy

Number of Analyst Covering119

EPS Forecast (FY)N/A

Revenue Forecast (FY)N/A

JSMD Summary

JSMD is the Janus Henderson Small/Mid Cap Growth Alpha ETF, focused on U.S. small and mid-sized companies with strong growth potential rather than tracking a specific index. It invests across many sectors, with a tilt toward technology, health care, and industrials. Well-known holdings include Jabil and Rocket Lab USA. Someone might invest in JSMD to seek long-term growth and diversify beyond large, well-known blue-chip stocks. A key risk is that smaller growth companies can be more volatile, so the ETF’s price can rise and fall more sharply than the overall market.

How much will it cost me?The Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD) has an expense ratio of 0.3%, which means you’ll pay $3 per year for every $1,000 invested. This is slightly higher than the average for ETFs because it is actively managed, focusing on selecting small and mid-sized companies with growth potential. Active management typically involves more research and decision-making, which can increase costs.

What would affect this ETF?JSMD's focus on small and mid-cap growth companies in sectors like technology, industrials, and healthcare positions it to benefit from innovation and economic expansion in the U.S. However, it could face challenges from rising interest rates, which may impact growth stocks, and economic slowdowns that disproportionately affect smaller companies. Regulatory changes or sector-specific disruptions could also influence its performance.

JSMD Top 10 Holdings

JSMD is leaning hard into U.S. growth stories in tech, health care, and industrials, with names like Comfort Systems and Onto Innovation doing much of the heavy lifting as their shares keep climbing. Medpace and Sanmina are also rising steadily, helping to power the fund’s small- and mid-cap engine. Rocket Lab adds a high-upside, high-risk flavor, while Workiva has been lagging and quietly tugs on performance. Overall, the ETF is concentrated in innovative U.S. growth names, with recent winners outweighing a few softer spots.

Name	Company Name	Weight %	Market Value	Market Cap	Yearly Gain	Overall Rating
FIX	Comfort Systems	3.55%	$29.52M	$39.50B	151.48%	80 Outperform
SGI	Somnigroup International	2.10%	$17.45M	$19.90B	42.50%	72 Outperform
MEDP	Medpace Holdings	2.03%	$16.91M	$15.82B	58.11%	79 Outperform
ONTO	Onto Innovation	1.83%	$15.27M	$9.24B	-10.06%	82 Outperform
RHP	Ryman	1.61%	$13.44M	$6.06B	-6.55%	66 Neutral
JBL	Jabil	1.60%	$13.30M	$24.93B	44.27%	73 Outperform
ENVA	Enova International	1.56%	$12.99M	$3.85B	35.72%	71 Outperform
AGX	Argan	1.50%	$12.51M	$4.91B	147.67%	73 Outperform
IDCC	InterDigital	1.49%	$12.41M	$8.08B	71.98%	76 Outperform
CPRX	Catalyst Pharma	1.49%	$12.38M	$3.08B	7.09%	83 Outperform

JSMD Technical Analysis

Technical Analysis Sentiment

Neutral

Last Price―

Price Trends

50DMA

84.30

Negative

100DMA

83.78

Positive

200DMA

80.23

Positive

Market Momentum

MACD

0.35

Positive

RSI

43.23

Neutral

STOCH

24.61

Neutral

Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For JSMD, the sentiment is Neutral. The current price of undefined is equal to the 20-day moving average (MA) of 86.32, equal to the 50-day MA of 84.30, and equal to the 200-day MA of 80.23, indicating a neutral trend. The MACD of 0.35 indicates Positive momentum. The RSI at 43.23 is Neutral, neither overbought nor oversold. The STOCH value of 24.61 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JSMD.

JSMD Peer Comparison

Comparison Results

Name	Price	Price Target	AUM	Expense Ratio	Overall Rating
JSMD	―	―	$832.43M	0.30%	―
MSSM	―	―	$721.66M	0.57%	―
RSMC	―	―	$721.50M	0.75%	―
CSMD	―	―	$453.85M	0.68%	―
GRNJ	―	―	$343.07M	0.75%	―
NBSM	―	―	$209.43M	0.65%	―

Performance Comparison

JSMD

Janus Henderson Small/Mid Cap Growth Alpha ETF

84.23

6.34

8.14%

MSSM

Morgan Stanley Pathway Small-Mid Cap Equity ETF

―

RSMC

Rockefeller U.S. Small-Mid Cap ETF

―

CSMD

Congress SMid Growth ETF

―

GRNJ

Fundstrat Granny Shots US Small- & Mid-Cap ETF

―

NBSM

Neuberger Berman Small-Mid Cap ETF

―

Glossary

BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―

Table of Contents