JSMDvsDWASETF Comparison
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Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD) and Invesco DWA SmallCap Momentum ETF (DWAS) belong to the same industry segment: US Multi-Factor. Both ETFs have the same top 3 sector exposures: Healthcare, Technology and Finance. JSMD is less expensive with a Total Expense Ratio (TER) of 0.3%, versus 0.6% for DWAS. JSMD is up 11.6% year-to-date (YTD) with +$203M in YTD flows. DWAS performs better with 12.83% YTD performance, and -$401M in YTD flows. Run a side-by-side ETF comparison of JSMD and DWAS below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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JSMD vs DWAS performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/17/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | JSMD DWAS | -7.18%-9.30% | -5.64%-7.94% | +11.60%+12.83% | +7.66%+21.48% | +55.70%+43.05% | +38.02%+28.86% |
| Flows | JSMD DWAS | +$14M-$14M | +$46M+$26M | +$203M-$401M | +$289M-$400M | +$577M-$511M | +$659M-$210M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | JSMD DWAS | +18.87%+27.88% | +22.52%+26.01% | +21.06%+25.28% | +22.57%+25.73% |
| Max drawdown | JSMD DWAS | -11.10%-16.00% | -14.89%-16.00% | -24.31%-33.75% | -30.97%-33.75% |
| Max drawdown duration | JSMD DWAS | 79d79d | 84d79d | 256d436d | 862d436d |
Trading data
JSMD | DWAS | |
Last sale 9/18/2026 at 1:30 PM | $90.53 | $109.70 |
| Previous close 09/17/2026 | $90.80 | $109.17 |
| Consolidated volume 09/17/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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JSMD
is actively managed and doesn’t replicate an indexJSMD | DWAS | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
Main metrics
Last update 9/18/2026 at 1:30 PM
Live
Closed
JSMD | DWAS | |
|---|---|---|
| Last price | $90.53 | $109.70 |
| 1D performance | -0.30% | +0.49% |
| AuM | $1.05 B | $412.66 M |
| E/R | 0.3% | 0.6% |
Characteristics
JSMD | DWAS | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Janus Henderson Investors | Invesco |
| Benchmark | - | Dorsey Wright SmallCap Technical Leaders Index |
| N° of holdings | 120 | 200 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | February 23, 2016 | July 19, 2012 |
| ESG | No | No |
Exposure
Countries
JSMD
USA
97.37%
Other
2.63%
DWAS
USA
99.55%
Other
0.45%
Sectors
JSMD
Healthcare
24.99%
Technology
22.81%
Finance
14%
Industrials
12.06%
Consumer Services
7.3%
Other
18.84%
DWAS
Healthcare
28.46%
Technology
19.02%
Finance
14.73%
Industrials
14.3%
Other
23.5%
Diversification
JSMD
Total weight of top 15 holdings out of 15
22.9%
DWAS
Total weight of top 15 holdings out of 15
18.63%
Top 15 holdings
Data as of July 31, 2026
JSMD
Ryman Hospitality Properties, Inc.
2.05%
Sterling Infrastructure, Inc.
1.85%
Exelixis, Inc.
1.74%
Gen Digital, Inc.
1.73%
Medpace Holdings, Inc.
1.63%
Piper Sandler Cos.
1.59%
Commvault Systems, Inc.
1.58%
Enova International, Inc.
1.57%
Landstar System, Inc.
1.46%
StepStone Group, Inc.
1.45%
TriNet Group, Inc.
1.35%
Liquidia Corp.
1.26%
Qualys, Inc.
1.22%
Vail Resorts, Inc.
1.22%
DiamondRock Hospitality Co.
1.22%
DWAS
Sezzle, Inc.
1.84%
Erasca, Inc.
1.72%
Enova International, Inc.
1.52%
Agilon Health, Inc.
1.34%
Tango Therapeutics, Inc.
1.31%
Amneal Pharmaceuticals, Inc.
1.30%
Bel Fuse, Inc.
1.27%
Oruka Therapeutics, Inc.
1.15%
Graham Corp.
1.11%
Climb Bio, Inc.
1.11%
Acadian Asset Management, Inc.
1.05%
Frequency Electronics, Inc.
1.04%
Perimeter Solutions, Inc.
0.98%
MYR Group, Inc.
0.95%
Liquidia Corp.
0.95%
Frequently asked questions about JSMD and DWAS
How have the JSMD and DWAS ETFs performed in 2026?
As of September 17, 2026, JSMD is up 11.6% year-to-date (YTD), while DWAS has returned 12.83%. That puts DWAS better performer ahead so far this year.
Which ETF is attracting more investor money: JSMD or DWAS?
Year-to-date, the JSMD ETF saw +$203M in flows, compared to -$401M for DWAS.
Which ETF is more volatile: JSMD or DWAS?
Over the past year, JSMD had a volatility of 22.52%, while DWAS experienced 26.01%.
Which ETF is bigger: JSMD or DWAS?
As of September 17, 2026, JSMD holds $1.05 B in assets under management (AUM), while DWAS manages $412.66 M.
What sectors do the JSMD and DWAS ETFs invest in?
JSMD leans toward sectors like Healthcare, Technology and Finance. Meanwhile, DWAS focuses on Healthcare, Technology and Finance.
What are the top holdings of the JSMD ETF and DWAS ETF?
JSMD top holdings include Ryman Hospitality Properties, Inc., Sterling Infrastructure, Inc. and Exelixis, Inc.. DWAS holds in its top three: Sezzle, Inc., Erasca, Inc. and Enova International, Inc..
Which ETF is more diversified: JSMD or DWAS?
JSMD holds 120 securities with 22.9% of its assets in the top 15. DWAS has 200 securities and a top 15 weight of 18.63%.
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