IWP vs JMID
iShares Russell Midcap Growth ETF vs Janus Henderson Mid Cap Growth Alpha ETF
Which is better, IWP or JMID?
Nearly the same fund. IWP costs less.
IWP has a lower expense ratio. JMID led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.97. IWP is less concentrated, with 22.4% of the fund in its ten largest positions against 23.9%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | IWP | JMID |
|---|---|---|
| Expense Ratio | 0.23%Best | 0.30% |
| AUM | $19.7B | $23M |
| Dividend Yield | 0.38% | 0.53% |
| Holdings | 270 | 94 |
| YTD Return | -1.07% | +8.16%Best |
| 1Y Return | -3.97% | +5.86%Best |
| 3Y Return (annualized) | +14.50% | - |
| 5Y Return (annualized) | +3.72% | - |
| Volatility (annualized) | 17.8% | 17.2%Best |
| Max Drawdown | -25.2%Best | -25.4% |
| $10,000 over 2.1 years | $12,009 | $12,902Best |
| Top 10 Weight | 22.4%Best | 23.9% |
| Fund Family | iShares by BlackRock (US) | Janus Henderson Investors |
| Category | Equity | Equity |
| Style | Mid Cap Growth | Mid Cap Growth |
| Inception | Jul 17, 2001 | Sep 17, 2024 |
Volatility and max drawdown, and the $10,000 over 2.1 years row, are measured over the window both funds cover: Sep 18, 2024 to Oct 14, 2026 (2.1 years).
IWP vs JMID growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.1 years both funds cover.
IWP vs JMID Performance
iShares Russell Midcap Growth ETF (IWP) is an ETF from iShares by BlackRock (US) and Janus Henderson Mid Cap Growth Alpha ETF (JMID) is an ETF from Janus Henderson Investors. Over the past year IWP returned -3.97% while JMID returned +5.86%. Year to date, IWP is down 1.07% versus a gain of 8.16% for JMID.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IWP has been the more volatile fund, with annualized monthly volatility of 17.8% compared with 17.2% for JMID. 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 -25.2% for IWP and -25.4% for JMID. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.97. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
IWP charges 0.23% per year while JMID charges 0.30%. On a $10,000 position that is $23 vs $30 annually, a gap of $7 per year that compounds over a long holding period. On income, IWP currently yields 0.38% against 0.53% for JMID.
Holdings Overlap
52.9% of IWP's money is in holdings JMID also owns. 95.6% of JMID's money is in holdings IWP also owns.
Most of JMID is already inside IWP. Owning both mostly buys the same companies twice.
90 positions in common, counted across the 271 positions we hold weights for in IWP and 93 in JMID, against full books of 270 and 94.
What only one of them owns
Our book lists 0 positions for JMID that do not appear in our book for IWP (0.0% of the fund), and 166 for IWP that do not appear in JMID (44.7%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in IWP | Weight in JMID | Difference |
|---|---|---|---|
| SNOWSnowflake Inc | 3.29% | 2.77% | 0.52% |
| DDOGDatadog Inc | 2.61% | 1.94% | 0.67% |
| LITELumentum Holdings Inc | 2.32% | 2.15% | 0.17% |
| FIXComfort Systems USA Inc. | 1.69% | 2.76% | 1.07% |
| NETCloudflare Inc (180 Day Lockup) | 3.22% | 1.13% | 2.09% |
| TERTeradyne Inc - Common | 1.87% | 2.16% | 0.29% |
| DXCMDexcom Inc. | 0.93% | 2.72% | 1.79% |
| EXPEExpedia Inc | 0.86% | 2.32% | 1.46% |
| TRGPTarga Resources Corp Preferred | 1.70% | 1.38% | 0.32% |
| ALABAstera Labs Inc - Common | 1.57% | 1.27% | 0.30% |
95.6% of JMID is already inside IWP.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IWP or JMID?
IWP has an expense ratio of 0.23% while JMID charges 0.30%. IWP is the cheaper option, by $7 a year on a $10,000 investment.
Which performed better, IWP or JMID?
Over the past year IWP returned -3.97% vs +5.86% for JMID, so JMID leads on 1-year performance. Over the longest common window we track (2 years), IWP annualized +9.11% vs +12.90% for JMID. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IWP or JMID?
IWP has been the more volatile fund at 17.8% annualized versus 17.2% for JMID. Worst drawdown: IWP -25.2% vs JMID -25.4%.
Should I hold both IWP and JMID?
IWP and JMID have a monthly-return correlation of 0.97, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between IWP and JMID?
95.6% of JMID's money is in holdings IWP also owns. 95.6% of JMID's is in holdings IWP also owns. They hold 90 positions in common, counted across the 271 positions we hold weights for in IWP and 93 in JMID.
Which pays a higher dividend, IWP or JMID?
IWP yields 0.38% while JMID yields 0.53%, so JMID currently pays the higher dividend yield.
Is JMID better than IWP?
IWP has a lower expense ratio. JMID led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.97. IWP is less concentrated, with 22.4% of the fund in its ten largest positions against 23.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.