Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD) is a US mid-cap ETF. As of October 9, 2026, ETF Copilot scores JSMD 4.9 out of 10 — highest on Growth (7.1), lowest on Risk (2.8). It trades at 22.8 times earnings, against its own median of 21.5. Its ten largest holdings are 17% of the fund.
What stands out in JSMD's data
U.S. small- and mid-cap growth stocks selected for earnings momentum.
Profitability trails most peers — the fund's edge has to come from its growth picks, not its margins.
EBITDA margin of 19.8% lags the category median of 23.9% and its own 21.5% historical median. Trades at a cheaper 15.1x EBITDA multiple.
A growth-oriented sleeve that costs less than its earnings power suggests.
How is JSMD rated? ETF Copilot scores Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD) 4.9 out of 10
As of October 9, 2026, ETF Copilot scores Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD) 4.9 out of 10 overall.
ETF Copilot scores (0–10 scale, higher is better):
- Overall: 4.9 / 10
- Growth: 7.1 / 10
- Value: 5.7 / 10
- Risk: 2.8 / 10
- Quality: 2.9 / 10
- Return: 5.0 / 10
Is JSMD expensive right now? It trades at 22.8 times earnings, against its own median of 21.5
As of October 9, 2026, JSMD is more expensive than 62% of its own 97 monthly readings since 2017 — 60 of those months were cheaper than today.
Trailing twelve-month, computed by ETF Copilot from the fund's holdings rather than quoted from a data provider, and rebuilt nightly.
What's inside JSMD? 29% Tech
What's inside JSMD: Size (Large 0%, Mid 58%, Small 42%); Geography (International 2%, US 98%); Tech 29.1%; Semiconductors 8.9%; Memory 3.0%.
What are JSMD's top holdings? The ten largest are 17% of the fund
Ryman Hospitality Properties, Commvault Systems, Equitable, Medpace, Concentra Group Holdings Parent, Sterling Construction, Qualys, Halozyme Therapeutics, Exelixis and Lattice Semiconductor are JSMD's largest holdings, in that order.
More concentrated than 78% of US Mid Cap ETFs.
Half of JSMD's weight sits in its 39 largest positions, and once those weights are taken into account it behaves like 96 equally weighted holdings.
What is JSMD's expense ratio? 0.30% a year
As of October 9, 2026, JSMD charges 0.30% a year, yields 0.36% and holds $1.0B in assets across 121 positions.
| Measure | JSMD |
|---|---|
| Expense ratio | 0.30% |
| Dividend yield | 0.36% |
| Assets under management | $1.0B |
| Holdings | 121 |
Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.
Cite this
ETF Copilot, “Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD) scores and holdings analysis”, as of October 9, 2026.
https://etf-copilot.com/etf/jsmd
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