JMID vs SPY
JMID vs SPY
Janus Henderson Mid Cap Growth Alpha ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | JMID | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.30% | 0.09% | |
| AUM | $22M | $789.1B | |
| Dividend Yield | 0.67% | 1.01% | |
| Holdings | 82 | 505 | |
| YTD Return | +9.67% | +13.50% | |
| 1Y Return | +7.97% | +23.56% | |
| 3Y Return (annualized) | - | +21.17% | |
| 5Y Return (annualized) | - | +13.46% | |
| Volatility (annualized) | 17.9% | 15.3% | |
| Max Drawdown | -25.4% | -56.5% | |
| Fund Family | Janus Henderson Investors | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Sep 17, 2024 | Jan 22, 1993 |
JMID vs SPY Performance
Janus Henderson Mid Cap Growth Alpha ETF (JMID) is a ETF from Janus Henderson Investors and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year JMID returned +7.97% while SPY returned +23.56%. Year to date, JMID is up 9.67% versus a gain of 13.50% for SPY.
Risk: Volatility and Drawdowns
JMID has been the more volatile fund, with annualized monthly volatility of 17.9% compared with 15.3% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -25.4% for JMID and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.83. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
JMID charges 0.30% per year while SPY charges 0.09%. On a $10,000 position that is $30 vs $9 annually, a gap of $21 per year that compounds over a long holding period. On income, JMID currently yields 0.67% against 1.01% for SPY.
Holdings Overlap
JMID and SPY share 38 holdings out of 558 unique holdings combined, representing a 2.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in JMID | Weight in SPY | Difference |
|---|---|---|---|
| FIX | 3.10% | 0.10% | 3.00% |
| DXCM | 2.41% | 0.04% | 2.37% |
| TPR | 2.32% | 0.05% | 2.27% |
| EXPE | Pro | Pro | Pro |
| TER | Pro | Pro | Pro |
| DDOG | Pro | Pro | Pro |
| GDDY | Pro | Pro | Pro |
| NTAP | Pro | Pro | Pro |
| EBAY | Pro | Pro | Pro |
| LITE | Pro | Pro | Pro |
See all 10 holdings JMID shares with SPY Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, JMID or SPY?
JMID has an expense ratio of 0.30% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $21 per year of difference.
Which performed better, JMID or SPY?
Over the past year JMID returned +7.97% vs +23.56% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), JMID annualized +15.18% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, JMID or SPY?
JMID has been the more volatile fund at 17.9% annualized versus 15.3% for SPY. Worst drawdown: JMID -25.4% vs SPY -56.5%.
Should I hold both JMID and SPY?
JMID and SPY have a monthly-return correlation of 0.83, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between JMID and SPY?
JMID and SPY share 38 common holdings with a 2.3% weight overlap. Combined, they hold 558 unique securities.
Which pays a higher dividend, JMID or SPY?
JMID yields 0.67% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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