JSMDvsIWOETF Comparison
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Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD) belongs to the US Multi-Factor segment. iShares Russell 2000 Growth ETF (IWO) is part of the US Small Cap Growth segment. JSMD's top 3 sector exposures are Healthcare, Technology and Finance. In contrast, IWO's top sector exposures are Healthcare, Technology and Industrials. JSMD is more expensive with a Total Expense Ratio (TER) of 0.3%, versus 0.24% for IWO. JSMD is up 10.86% year-to-date (YTD) with +$214M in YTD flows. IWO performs better with 11.95% YTD performance, and -$570M in YTD flows. Run a side-by-side ETF comparison of JSMD and IWO 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 IWO performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | JSMD IWO | -7.79%-8.46% | -6.49%-5.20% | +10.86%+11.95% | +7.11%+15.45% | +54.67%+59.41% | +36.56%+23.61% |
| Flows | JSMD IWO | +$25M+$347M | +$58M+$164M | +$214M-$570M | +$300M-$383M | +$588M-$615M | +$657M-$337M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | JSMD IWO | +18.82%+18.62% | +22.51%+22.38% | +21.07%+22.98% | +22.57%+24.72% |
| Max drawdown | JSMD IWO | -11.10%-8.65% | -14.89%-14.82% | -24.31%-28.47% | -30.97%-40.45% |
| Max drawdown duration | JSMD IWO | 78d31d | 84d84d | 256d280d | 862d1409d |
Trading data
JSMD | IWO | |
Last sale 9/16/2026 at 7:48 PM | $90.03 | $365.02 |
| Previous close 09/16/2026 | $89.91 | $361.11 |
| 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 indexJSMD | IWO | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/16/2026 at 7:48 PM
Live
Closed
JSMD | IWO | |
|---|---|---|
| Last price | $90.03 | $365.02 |
| 1D performance | +0.13% | +1.08% |
| AuM | $1.05 B | $14.13 B |
| E/R | 0.3% | 0.24% |
Characteristics
JSMD | IWO | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Janus Henderson Investors | iShares |
| Benchmark | - | Russell 2000 Growth Index |
| N° of holdings | 120 | 1095 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | February 23, 2016 | July 24, 2000 |
| ESG | No | No |
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Exposure
Countries
JSMD
USA
97.37%
Other
2.63%
IWO
USA
96.07%
Other
3.93%
Sectors
JSMD
Healthcare
24.99%
Technology
22.81%
Finance
14%
Industrials
12.06%
Consumer Services
7.3%
Other
18.84%
IWO
Healthcare
29.4%
Technology
17.79%
Industrials
13.73%
Finance
13.29%
Other
25.79%
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Diversification
JSMD
Total weight of top 15 holdings out of 15
22.9%
IWO
Total weight of top 15 holdings out of 15
8.65%
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%
IWO
Moog, Inc.
0.76%
BrightSpring Health Services, Inc.
0.76%
Glaukos Corp.
0.62%
Krystal Biotech, Inc.
0.61%
Brinker International, Inc.
0.58%
Crinetics Pharmaceuticals, Inc.
0.55%
HealthEquity, Inc.
0.55%
JFrog Ltd.
0.54%
Protagonist Therapeutics, Inc.
0.54%
StoneX Group, Inc.
0.54%
Ryman Hospitality Properties, Inc.
0.53%
FirstCash Holdings, Inc.
0.53%
ESCO Technologies, Inc.
0.53%
Argan, Inc.
0.51%
InterDigital, Inc.
0.50%
Frequently asked questions about JSMD and IWO
How have the JSMD and IWO ETFs performed in 2026?
As of September 16, 2026, JSMD is up 10.86% year-to-date (YTD), while IWO has returned 11.95%. That puts IWO better performer ahead so far this year.
Which ETF is attracting more investor money: JSMD or IWO?
Year-to-date, the JSMD ETF saw +$214M in flows, compared to -$570M for IWO.
Which ETF is more volatile: JSMD or IWO?
Over the past year, JSMD had a volatility of 22.51%, while IWO experienced 22.38%.
Which ETF is bigger: JSMD or IWO?
As of September 16, 2026, JSMD holds $1.05 B in assets under management (AUM), while IWO manages $14.13 B.
What sectors do the JSMD and IWO ETFs invest in?
JSMD leans toward sectors like Healthcare, Technology and Finance. Meanwhile, IWO focuses on Healthcare, Technology and Industrials.
What are the top holdings of the JSMD ETF and IWO ETF?
JSMD top holdings include Ryman Hospitality Properties, Inc., Sterling Infrastructure, Inc. and Exelixis, Inc.. IWO holds in its top three: Moog, Inc., BrightSpring Health Services, Inc. and Glaukos Corp..
Which ETF is more diversified: JSMD or IWO?
JSMD holds 120 securities with 22.9% of its assets in the top 15. IWO has 1102 securities and a top 15 weight of 8.65%.
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