JSMDvsFNYETF Comparison

ETF 1

JSMD

Janus Henderson Small/Mid Cap Growth Alpha ETF

This fund is part of

US Multi-Factor

-0.32%

Full JSMD fund page

ETF 2

FNY

First Trust Mid Cap Growth AlphaDEX Fund ETF

This fund is part of

US Mid Cap Growth

-0.02%

Full FNY fund page

Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD) belongs to the US Multi-Factor segment. First Trust Mid Cap Growth AlphaDEX Fund ETF (FNY) is part of the US Mid Cap Growth segment. JSMD's top 3 sector exposures are Healthcare, Technology and Finance. In contrast, FNY's top sector exposures are Healthcare, Industrials and Technology. JSMD is less expensive with a Total Expense Ratio (TER) of 0.3%, versus 0.73% for FNY. JSMD is up 10.86% year-to-date (YTD) with +$214M in YTD flows. FNY performs worse with 8.15% YTD performance, and +$58M in YTD flows. Run a side-by-side ETF comparison of JSMD and FNY 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 FNY performance and flow charts

Performance

Cumulative Flows

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Data Services

Historic performance and flows

Data as of 09/16/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	JSMD FNY	-7.79%-8.62%	-6.49%-8.09%	+10.86%+8.15%	+7.11%+9.21%	+54.67%+58.32%	+36.56%+33.20%
Flows	JSMD FNY	+$25M+$5M	+$58M+$27M	+$214M+$58M	+$300M+$77M	+$588M+$120M	+$657M+$3M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	JSMD FNY	+18.82%+18.65%	+22.51%+21.21%	+21.07%+21.07%	+22.57%+22.51%
Max drawdown	JSMD FNY	-11.10%-11.05%	-14.89%-12.05%	-24.31%-24.97%	-30.97%-33.90%
Max drawdown duration	JSMD FNY	78d77d	84d84d	256d275d	862d1045d

Trading data

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	JSMD	FNY
Last sale 9/16/2026 at 7:48 PM	$90.03	$99.98
Previous close 09/16/2026	$89.91	$98.51
Consolidated volume 09/16/2026
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 index

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	JSMD	FNY
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 9/16/2026 at 7:48 PM

Live

Closed

	JSMD	FNY
Last price	$90.03	$99.98
1D performance	+0.13%	+1.49%
AuM	$1.05 B	$556.77 M
E/R	0.3%	0.73%

Characteristics

	JSMD	FNY
Management strategy	Active	Passive
Provider	Janus Henderson Investors	First Trust
Benchmark	-	NASDAQ AlphaDEX Mid Cap Growth Index
N° of holdings	120	224
Asset class	-	Equities
Trailing 12m distribution yield	Join	Join
Inception date	February 23, 2016	April 19, 2011
ESG	No	No

More JSMD data on Trackinsight

More FNY data on Trackinsight

Exposure

Countries

JSMD

USA

97.37%

Other

2.63%

FNY

USA

98.66%

Other

1.34%

Sectors

JSMD

Healthcare

24.99%

Technology

22.81%

Finance

14%

Industrials

12.06%

Consumer Services

7.3%

Other

18.84%

FNY

Healthcare

22.7%

Industrials

19.51%

Technology

17.34%

Finance

16.74%

Other

23.71%

Diversification

JSMD

Total weight of top 15 holdings out of 15

22.9%

FNY

Total weight of top 15 holdings out of 15

12.39%

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%

FNY

Zeta Global Holdings Corp.

0.88%

H&R Block, Inc.

0.87%

Corcept Therapeutics, Inc.

0.87%

Guardant Health, Inc.

0.87%

Tutor Perini Corp.

0.85%

Etsy, Inc.

0.84%

Halozyme Therapeutics, Inc.

0.84%

Glaukos Corp.

0.82%

Frontdoor, Inc.

0.82%

Victoria's Secret & Co.

0.81%

Amneal Pharmaceuticals, Inc.

0.81%

PACS Group, Inc.

0.80%

Enova International, Inc.

0.77%

Coca-Cola Consolidated, Inc.

0.77%

Madison Square Garden Sports Corp.

0.77%

Frequently asked questions about JSMD and FNY

How have the JSMD and FNY ETFs performed in 2026?

As of September 16, 2026, JSMD is up 10.86% year-to-date (YTD), while FNY has returned 8.15%. That puts JSMD better performer ahead so far this year.

Which ETF is attracting more investor money: JSMD or FNY?

Year-to-date, the JSMD ETF saw +$214M in flows, compared to +$58M for FNY.

Which ETF is more volatile: JSMD or FNY?

Over the past year, JSMD had a volatility of 22.51%, while FNY experienced 21.21%.

Which ETF is bigger: JSMD or FNY?

As of September 16, 2026, JSMD holds $1.05 B in assets under management (AUM), while FNY manages $556.77 M.

What sectors do the JSMD and FNY ETFs invest in?

JSMD leans toward sectors like Healthcare, Technology and Finance. Meanwhile, FNY focuses on Healthcare, Industrials and Technology.

What are the top holdings of the JSMD ETF and FNY ETF?

JSMD top holdings include Ryman Hospitality Properties, Inc., Sterling Infrastructure, Inc. and Exelixis, Inc.. FNY holds in its top three: Zeta Global Holdings Corp., H&R Block, Inc. and Corcept Therapeutics, Inc..

JSMDvsFNYETF Comparison

Janus Henderson Small/Mid Cap Growth Alpha ETF

First Trust Mid Cap Growth AlphaDEX Fund ETF

JSMD vs FNY performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the JSMD and FNY ETFs performed in 2026?

As of September 16, 2026, JSMD is up 10.86% year-to-date (YTD), while FNY has returned 8.15%. That puts JSMD better performer ahead so far this year.

Which ETF is attracting more investor money: JSMD or FNY?

Year-to-date, the JSMD ETF saw +$214M in flows, compared to +$58M for FNY.

Which ETF is more volatile: JSMD or FNY?

Over the past year, JSMD had a volatility of 22.51%, while FNY experienced 21.21%.

Which ETF is bigger: JSMD or FNY?

As of September 16, 2026, JSMD holds $1.05 B in assets under management (AUM), while FNY manages $556.77 M.

What sectors do the JSMD and FNY ETFs invest in?

JSMD leans toward sectors like Healthcare, Technology and Finance. Meanwhile, FNY focuses on Healthcare, Industrials and Technology.

What are the top holdings of the JSMD ETF and FNY ETF?

JSMD top holdings include Ryman Hospitality Properties, Inc., Sterling Infrastructure, Inc. and Exelixis, Inc.. FNY holds in its top three: Zeta Global Holdings Corp., H&R Block, Inc. and Corcept Therapeutics, Inc..

Which ETF is more diversified: JSMD or FNY?

JSMD holds 120 securities with 22.9% of its assets in the top 15. FNY has 224 securities and a top 15 weight of 12.39%.

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