JSMLvsDWASETF Comparison
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Janus Henderson Small Cap Growth Alpha ETF (JSML) belongs to the US Small Cap Growth segment. Invesco DWA SmallCap Momentum ETF (DWAS) is part of the US Multi-Factor segment. Both ETFs have the same top 3 sector exposures: Healthcare, Technology and Finance. JSML is less expensive with a Total Expense Ratio (TER) of 0.3%, versus 0.6% for DWAS. JSML is up 20.09% year-to-date (YTD) with +$62M in YTD flows. DWAS performs worse with 10.9% YTD performance, and -$407M in YTD flows. Run a side-by-side ETF comparison of JSML 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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JSML vs DWAS performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/28/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | JSML DWAS | +1.87%-1.51% | +0.67%-3.80% | +20.09%+10.90% | +16.04%+13.32% | +89.50%+57.95% | +36.65%+18.96% |
| Flows | JSML DWAS | +$26M-$5M | +$9M-$9M | +$62M-$407M | +$77M-$402M | +$109M-$521M | +$152M-$294M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | JSML DWAS | +17.44%+23.97% | +21.53%+25.63% | +21.99%+25.32% | +24.28%+25.68% |
| Max drawdown | JSML DWAS | -9.13%-16.21% | -14.79%-20.86% | -25.88%-33.75% | -37.27%-33.75% |
| Max drawdown duration | JSML DWAS | 73d72d | 84d120d | 287d436d | 1093d436d |
Trading data
JSML | DWAS | |
Last sale 10/29/2026 at 1:30 PM | $89.41 | $107.43 |
| Previous close 10/28/2026 | $88.17 | $107.19 |
| Consolidated volume 10/28/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
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JSML
is actively managed and doesn’t replicate an indexJSML | DWAS | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/29/2026 at 1:30 PM
Live
Closed
JSML | DWAS | |
|---|---|---|
| Last price | $89.41 | $107.43 |
| 1D performance | +1.40% | +0.22% |
| AuM | $372.92 M | $399.04 M |
| E/R | 0.3% | 0.6% |
Characteristics
JSML | 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 |
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Exposure
Countries
JSML
USA
97.27%
Other
2.73%
DWAS
USA
99.48%
Other
0.52%
Sectors
JSML
Healthcare
27.96%
Technology
20.66%
Finance
15.45%
Industrials
7.89%
Consumer Services
7.22%
Other
20.82%
DWAS
Healthcare
30.06%
Technology
19.85%
Finance
14.63%
Industrials
14%
Other
21.46%
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Diversification
JSML
Total weight of top 15 holdings out of 15
25.49%
DWAS
Total weight of top 15 holdings out of 15
18.84%
Top 15 holdings
Data as of August 31, 2026
JSML
TriNet Group, Inc.
2.32%
Cactus, Inc.
2.26%
Ryman Hospitality Properties, Inc.
2.00%
Victory Capital Holdings, Inc.
1.93%
StepStone Group, Inc.
1.82%
Tenable Holdings, Inc.
1.78%
EnerSys
1.70%
Commvault Systems, Inc.
1.68%
MeiraGTx Holdings Plc
1.64%
Brinker International, Inc.
1.56%
Qualys, Inc.
1.55%
Griffon Corp.
1.34%
Haemonetics Corp.
1.33%
PagerDuty, Inc.
1.30%
CTS Corp.
1.30%
DWAS
Erasca, Inc.
1.80%
Sezzle, Inc.
1.44%
Enova International, Inc.
1.40%
Climb Bio, Inc.
1.31%
Agilon Health, Inc.
1.30%
Bel Fuse, Inc.
1.28%
Tango Therapeutics, Inc.
1.22%
Acadian Asset Management, Inc.
1.20%
Oruka Therapeutics, Inc.
1.19%
AXT, Inc.
1.17%
Amneal Pharmaceuticals, Inc.
1.16%
Graham Corp.
1.12%
Frequency Electronics, Inc.
1.09%
Victory Capital Holdings, Inc.
1.09%
Aehr Test Systems
1.07%
Frequently asked questions about JSML and DWAS
How have the JSML and DWAS ETFs performed in 2026?
As of October 28, 2026, JSML is up 20.09% year-to-date (YTD), while DWAS has returned 10.9%. That puts JSML better performer ahead so far this year.
Which ETF is attracting more investor money: JSML or DWAS?
Year-to-date, the JSML ETF saw +$62M in flows, compared to -$407M for DWAS.
Which ETF is more volatile: JSML or DWAS?
Over the past year, JSML had a volatility of 21.53%, while DWAS experienced 25.63%.
Which ETF is bigger: JSML or DWAS?
As of October 28, 2026, JSML holds $372.92 M in assets under management (AUM), while DWAS manages $399.04 M.
What sectors do the JSML and DWAS ETFs invest in?
JSML leans toward sectors like Healthcare, Technology and Finance. Meanwhile, DWAS focuses on Healthcare, Technology and Finance.
What are the top holdings of the JSML ETF and DWAS ETF?
JSML top holdings include TriNet Group, Inc., Cactus, Inc. and Ryman Hospitality Properties, Inc.. DWAS holds in its top three: Erasca, Inc., Sezzle, Inc. and Enova International, Inc..
Which ETF is more diversified: JSML or DWAS?
JSML holds 120 securities with 25.49% of its assets in the top 15. DWAS has 200 securities and a top 15 weight of 18.84%.
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