Is Janus Henderson Small Cap Growth Alpha ETF (JSML) a Strong ETF Right Now?
Overview of Janus Henderson Small Cap Growth Alpha ETF (JSML): Launched in 2016, JSML is a smart beta ETF focusing on small-cap growth stocks, managed by Janus Henderson, with an expense ratio of 0.30% and a current asset size of over $217 million. It aims to outperform the market by selecting stocks based on growth, profitability, and capital efficiency.
Performance and Comparison: As of August 2024, JSML has returned approximately 16.19% over the past year, but investors may also consider other ETFs like iShares Russell 2000 Growth ETF and Vanguard Small-Cap Growth ETF, which have lower expense ratios and larger asset bases for potentially better cost-effectiveness and risk management.
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Analyst Views on JSML

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Bank of America's Cautious Outlook on Small-Cap ETFs: Bank of America has initiated coverage on 39 small-cap ETFs but remains skeptical about their future performance, citing concerns over the financial health of small-cap companies and their inability to compete with larger firms in the current market environment.
Performance Insights and Recommendations: Despite overall pessimism, BofA notes that certain small-cap indexes like the S&P 600 have outperformed others, and highlights specific funds (SMLF, JSML, SVAL) as top-rated options for investors looking at growth and value categories.

Overview of Janus Henderson Small Cap Growth Alpha ETF (JSML): Launched in 2016, JSML is a passively managed ETF focusing on small-cap growth stocks with assets over $242 million. It has an expense ratio of 0.30% and a current return of approximately 12.93% for the year.
Investment Considerations: While small-cap growth stocks offer high potential returns, they also come with higher risks. Investors should consider the ETF's holdings, sector allocations, and compare it with similar ETFs like iShares Russell 2000 Growth ETF and Vanguard Small-Cap Growth ETF for better investment decisions.
Overview of Janus Henderson Small Cap Growth Alpha ETF (JSML): Launched in 2016, JSML is a smart beta ETF focusing on small-cap growth stocks, managed by Janus Henderson, with an expense ratio of 0.30% and a current asset size of over $217 million. It aims to outperform the market by selecting stocks based on growth, profitability, and capital efficiency.
Performance and Comparison: As of August 2024, JSML has returned approximately 16.19% over the past year, but investors may also consider other ETFs like iShares Russell 2000 Growth ETF and Vanguard Small-Cap Growth ETF, which have lower expense ratios and larger asset bases for potentially better cost-effectiveness and risk management.

Overview of Janus Henderson Small Cap Growth Alpha ETF (JSML): Launched in 2016, JSML is a passively managed ETF with over $235 million in assets, focusing on small-cap growth stocks. It has an expense ratio of 0.30% and aims to match the performance of the Janus Small Cap Growth Alpha Index.
Performance and Holdings: The ETF has shown a return of approximately 5.70% year-to-date and 14.78% over the past year, with significant allocations in the Industrials, Healthcare, and Information Technology sectors. It holds about 215 stocks, with top holdings including Corvel Corporation and Doximity Inc.
- UFP Technologies Acquisition: UFP Technologies, Inc. disclosed the acquisition of AJR Enterprises, LLC for $110 million.
- AJR Enterprises' Specialization: AJR Enterprises focuses on developing and manufacturing single-use safe patient handling systems, with sales reaching approximately $70 million in 2023.
- Strategic Move: UFP funded the acquisition through borrowings under its credit agreement to enhance its patient surfaces portfolio.
- Market Growth Opportunity: The acquisition aligns with the growing market for patient surfaces and transfer devices driven by government guidelines on safe patient handling.
- Financial Performance: UFP Technologies had cash and cash equivalents of $11.4 million as of March-end, with shares gaining over 40% in the past year.
Introduction of Janus Henderson Small Cap Growth Alpha ETF (JSML):
- JSML is a smart beta exchange-traded fund that focuses on the Style Box - Small Cap Growth category.
Smart Beta ETFs:
- Smart beta funds track non-cap weighted strategies, offering investors the opportunity to choose stocks for market outperformance based on certain characteristics.
Fund Details:
- Managed by Janus Henderson, JSML aims to match the Janus Small Cap Growth Alpha Index's performance.
- The fund has assets over $211.12 million and an expense ratio of 0.30%.
Sector Exposure and Top Holdings:
- JSML has significant exposure to the Industrials sector and top holdings include Core & Main Inc., Doximity Inc., and Amkor Technology Inc.
Performance and Alternatives:
- JSML has shown mixed performance, with a loss this year but a gain in the last one year.
- Investors seeking alternatives can consider iShares Russell 2000 Growth ETF (IWO) and Vanguard Small-Cap Growth ETF (VBK) in the same segment.






