JSMD
Janus Henderson Small/Mid Cap Growth Alpha ETF
SMB
Adj. R2
0.920
Rel. Sharpe
0.885
Mkt beta
1.05
AUM
US$879M
MER
0.30%
Valuation
95
ETF comparison
Verified factor-similar pair
JSMD vs VXF
These two ETFs meet the same FF6 US comparison criteria: US-listed equity ETFs, the same USD model basis, at least one material non-market factor, and 100% overlap in statistically significant material factor exposure.
SMB
Similarity score
89
Verified similar
The score combines exposure-level distance, factor-vector shape, market-beta closeness, and a small backtested relative-Sharpe term.
Quick Read
- VXF has the higher backtested relative Sharpe (0.938 vs 0.885).
- VXF has the lower published fee (0.05% vs 0.30%).
- JSMD is cheaper on dividend valuation (95 vs 126, where 100 is each fund's historical median).
- VXF has the stronger regression fit (adjusted R-squared 0.972 vs 0.920).
These are screening signals, not a complete review of portfolio construction, turnover, taxes, or trading quality.
VXF
Vanguard Extended Market ETF
SMB
Adj. R2
0.972
Rel. Sharpe
0.938
Mkt beta
1.03
AUM
US$26.8B
MER
0.05%
Valuation
126
Factor Exposure Match
Blue bars compare raw factor beta magnitude. Green bars compare absolute t-stat strength. Dim bars indicate the t-stat is below 1.96.
SMB
diff +0.04
HML
diff -0.03
RMW
diff +0.06
CMA
diff -0.00
UMD
diff +0.08
Why This Pair Matches
Exposure level
86
Exposure shape
99
Mkt beta diff
0.02
Rel. Sharpe diff
0.053
This comparison focuses on measured factor exposure. It does not compare holdings methodology, turnover, tax handling, or issuer process. Backtested relative Sharpe is a secondary signal rather than a stand-alone forecast. See methodology.
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