Home 
Today's Top Picks 
Top Performers 
Watchlist 
My Robo Portfolios 
ETF Zone 
How It Works 
News - Chart
- Upturn Summary
- Fund Details
Upturn AI Summary
Janus Henderson Small/Mid Cap Growth Alpha ETF(JSMD)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for JSMD
11/06/2026: JSMD (2-star) is currently NOT-A-BUY. Pass it for now.
JSMD provides active exposure to small- and mid-cap growth equities, aiming to outperform market benchmarks through expert stock selection. Its primary strengths are its active management and the research-driven approach of Janus Henderson, though it carries a higher expense ratio and lower liquidity than giant passive peers. It is best suited as a growth-oriented, long-term portfolio component for investors comfortable with high volatility and equity risk. Potential investors should monitor interest rates and small-cap market sentiment, as these factors significantly influence its performance. The fund is designed for those seeking to gain exposure to higher-growth smaller firms rather than those looking for low-cost, broad market coverage.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
ETF holdings, costs, diversification, valuation, risks, and market conditions provide supporting context about the fund.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Strong fit | The fund is specifically designed to capture the high-growth potential inherent in small and mid-sized companies. |
| Momentum investor | Strong fit while signal remains positive | The active management style often aligns with capturing growth trends that favor momentum-driven strategies. |
| Value investor | Weak fit | The focus on growth companies generally entails higher valuation multiples that often run contrary to value investing principles. |
| Dividend/Income investor | Weak fit | Small/mid-cap growth companies rarely pay significant dividends, as they prefer to reinvest earnings into expansion. |
| Low-risk investor | Weak fit | The inherent volatility of small-cap stocks makes this fund unsuitable for those seeking capital preservation. |
Investor Profile
Ideal Investor Profile
An investor seeking aggressive growth and portfolio diversification beyond large-cap stocks.
Suitability
Best for long-term investors who can tolerate high volatility and understand the risks associated with active small-cap management.
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Volatility | High | Small-cap growth stocks are prone to sharp price swings, which can lead to significant short-term losses. |
| Market risk | High | General market downturns disproportionately affect the small-cap segment. |
| Concentration | Medium | The fund holds a concentrated portfolio, meaning individual stock performance can significantly impact overall fund returns. |
| Tracking/expense | Medium | The active fee is higher than passive alternatives, creating a performance hurdle. |
| Liquidity | Medium | Some small-cap holdings may have lower liquidity, potentially impacting execution during market stress. |
| Business/sector quality | Medium / high | Small-cap companies are more susceptible to operational failures and economic pressures than large-cap firms. |
Risk Analysis
Volatility
JSMD exhibits higher historical volatility typical of small-cap growth stocks, necessitating a long-term investment horizon.
Market Risk
The fund is heavily exposed to the idiosyncratic risks of smaller companies, which are more sensitive to economic cycles and capital market access.
What the ETF Owns
| Exposure Type | Exposure | Weight (%) | Retail Investor Read |
|---|---|---|---|
| Market capitalization | Small and Mid-Cap Equities | 98 | The fund focuses on growing companies in the small to mid-size range, which historically offer higher growth potential but come with increased volatility. |
| Cash/collateral | Cash and Cash Equivalents | 2 | A small cash position is maintained for liquidity requirements and daily operational needs. |
Analysis of Past Performance
Type ETF | Historic Profit 27.57% | Avg. Invested days 61 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  3.0 | ETF Returns Performance  4.0 |
| Profits based on simulation | Last Close 11/06/2026 |
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.
All company names, trademarks, logos, and brands are the property of their respective owners and are used for identification and informational purposes only. Use of these names, trademarks, and logos does not imply endorsement by their respective owners.