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Janus Henderson Small Cap Growth Alpha ETF(JSML)
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 JSML
10/28/2026: JSML (2-star) is currently NOT-A-BUY. Pass it for now.
JSML provides active exposure to U.S. small-cap growth companies, aiming to outperform passive benchmarks through rigorous fundamental research. Its core strength lies in its ability to actively select high-quality growth stocks while avoiding laggards, making it a powerful tool for growth-oriented investors. However, it carries significant risks including high volatility, interest-rate sensitivity, and higher costs compared to passive funds. It is best suited for long-term investors comfortable with the inherent risk of smaller companies, provided they monitor the fund's relative performance against passive small-cap indexes.
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 explicitly designed for investors seeking exposure to high-growth small-cap companies. |
| Momentum investor | Strong fit while signal remains positive | The active selection process naturally incorporates momentum factors, making it attractive when small-cap growth is trending upward. |
| Value investor | Weak fit | The focus on growth typically leads to higher valuation multiples, which may not align with a value-oriented strategy. |
| Dividend/Income investor | Weak fit | Small-cap growth companies rarely pay significant dividends, as they prioritize reinvesting cash into expansion. |
| Low-risk investor | Weak fit | Small-cap equities are inherently volatile and unsuitable for investors prioritizing capital preservation. |
Investor Profile
Ideal Investor Profile
An investor with a long-term time horizon, high risk tolerance, and a belief that active management can identify high-growth potential in small-cap companies.
Suitability
Best for long-term investors looking to complement a core large-cap portfolio with a higher-growth, higher-risk satellite holding.
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Volatility | High | Small-cap stocks historically experience greater price swings than larger, more established companies. |
| Market risk | High | The fund is sensitive to broad economic cycles and overall equity market downturns. |
| Concentration | Medium | Active management may lead to sector or stock tilts that deviate significantly from the broad market. |
| Tracking/expense | Medium | As an active fund, the expense ratio is higher than passive alternatives, requiring outperformance to break even. |
| Liquidity | Medium | Smaller companies often have lower trading volumes, which can lead to larger spreads during market stress. |
| Business/sector quality | Medium | The fund relies on identifying quality businesses within a high-risk sector, which entails research risk. |
Risk Analysis
Volatility
JSML exhibits high volatility typical of small-cap growth equities, often experiencing wider drawdowns than the S&P 500.
Market Risk
The primary risk is market-driven, specifically sensitivity to interest rates and economic growth prospects that disproportionately affect smaller companies.
What the ETF Owns
| Exposure Type | Exposure | Weight (%) | Retail Investor Read |
|---|---|---|---|
| Market capitalization | U.S. Small-Cap Equities | 98 | The fund focuses on smaller, faster-growing companies which offer higher potential returns but carry greater risk than large-cap stocks. |
| Cash/collateral | Cash and Cash Equivalents | 2 | A small cash reserve is maintained for liquidity and to facilitate daily portfolio rebalancing. |
Price Behavior
Strong Uptrend
The stock has maintained a strong upward price trend across the last three quarters.
Smooth
The stock has moved along a generally orderly path with only modest fluctuations.
Analysis of Past Performance
Type ETF | Historic Profit 45.32% | Avg. Invested days 78 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  4.0 | ETF Returns Performance  5.0 |
| Profits based on simulation | Last Close 10/28/2026 |
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