JSML vs. IPO ETF Comparison

Comparison of Janus Small Cap Growth Alpha ETF (JSML) to Renaissance IPO ETF (IPO)

JSML

Janus Small Cap Growth Alpha ETF

JSML Description

Janus Small Cap Growth Alpha ETF seeks investment results that correspond generally, before fees and expenses, to the performance of the Janus Small Cap Growth Alpha Index.

Grade (RS Rating)

Last Trade

$59.15

Average Daily Volume

9,935

Number of Holdings ^*

189

* may have additional holdings in another (foreign) market

IPO

Renaissance IPO ETF

IPO Description

The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Renaissance IPO Index (the "index"). The fund normally invests at least 80% of its total assets in securities that comprise the fund's benchmark index, the Renaissance IPO Index. The remaining 20% may be used to purchase securities not in the index that are an appropriate substitute for certain securities in the index in order to track the index. The index is comprised of common stocks, American Depositary Receipts ("ADRs"), real estate investment trusts ("REITS") and master limited partnerships ("MLPs"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$38.25

Average Daily Volume

46,912

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	JSML	IPO
30 Days	1.32%	-4.49%
60 Days	0.26%	-5.58%
90 Days	0.86%	3.29%
12 Months	21.06%	30.23%

4 Overlapping Holdings

Symbol	Grade	Weight in JSML	Weight in IPO	Overlap
CNM	A	3.72%	3.73%	3.72%
DOCN	D	1.4%	0.8%	0.8%
DOCS	F	2.51%	1.02%	1.02%
DV	F	1.53%	1.58%	1.53%

JSML Overweight 185 Positions Relative to IPO

Symbol	Grade	Weight
CRVL	B	3.17%
PGNY	F	2.66%
ALGM	D	2.54%
CORT	D	2.53%
STAA	D	1.93%
AMPH	F	1.87%
UFPT	B	1.84%
FSS	B	1.82%
AMR	D	1.79%
SANM	B	1.72%
CPRX	D	1.7%
HRMY	C	1.63%
FELE	D	1.61%
ADUS	A	1.58%
LMAT	A	1.56%
WIRE	B	1.51%
DY	A	1.51%
HRI	D	1.5%
PLXS	B	1.41%
STRL	B	1.32%
CBZ	C	1.31%
CSWI	A	1.31%
GMS	C	1.29%
RUSHA	D	1.25%
IESC	A	1.23%
PRFT	C	1.22%
COKE	B	1.17%
KFY	C	1.16%
KAI	D	1.15%
NABL	D	1.12%
PLUS	C	1.02%
PAG	F	1.0%
USLM	A	0.97%
PRIM	A	0.92%
MYRG	D	0.9%
PLAB	B	0.87%
TGLS	B	0.84%
ALG	D	0.81%
NSSC	B	0.78%
HWKN	B	0.76%
ACMR	D	0.67%
ARRY	F	0.65%
IBP	D	0.64%
SLM	B	0.63%
ESGR	B	0.61%
BMBL	F	0.61%
HLNE	B	0.58%
IPAR	F	0.57%
SSTK	F	0.55%
IAS	F	0.52%
UMBF	C	0.52%
CCRN	F	0.52%
KBH	B	0.51%
HASI	A	0.49%
IBOC	A	0.49%
SOUN	D	0.47%
SFBS	C	0.46%
SHLS	F	0.45%
VCTR	A	0.45%
AX	A	0.45%
NX	D	0.4%
BANF	B	0.4%
GPI	B	0.4%
GOLF	D	0.4%
CRAI	A	0.39%
CTOS	F	0.38%
CALM	D	0.38%
NMIH	A	0.36%
TRNS	A	0.35%
SNEX	A	0.33%
YETI	F	0.33%
MHO	D	0.33%
ABR	B	0.32%
TCMD	F	0.31%
BOOT	B	0.31%
PJT	B	0.31%
CVCO	D	0.3%
NFE	F	0.29%
MYE	F	0.29%
DCGO	F	0.29%
WOR	D	0.28%
KE	C	0.27%
MBIN	B	0.27%
MGPI	D	0.27%
PLMR	A	0.27%
CLFD	B	0.26%
GRBK	D	0.24%
ENVA	C	0.23%
TBBK	D	0.23%
PLPC	D	0.22%
JYNT	B	0.22%
KRT	C	0.2%
CUBI	D	0.2%
GSHD	F	0.2%
RC	D	0.2%
SYBT	B	0.19%
WABC	B	0.18%
CASH	B	0.18%
SKWD	C	0.18%
PZZA	F	0.17%
EPRT	A	0.17%
ANET	C	0.17%
INSW	A	0.16%
PFBC	A	0.16%
SMLR	F	0.15%
ASLE	D	0.15%
IMKTA	F	0.15%
BY	B	0.14%
NAPA	F	0.14%
HDSN	F	0.14%
JOE	B	0.13%
QCRH	C	0.13%
CEIX	D	0.13%
AESI	B	0.12%
PANL	B	0.12%
ALTG	D	0.11%
APPS	F	0.11%
NSA	D	0.11%
IIPR	B	0.11%
BFC	C	0.11%
BOWL	F	0.1%
DFH	F	0.1%
HIBB	A	0.1%
AMAL	B	0.1%
HGTY	B	0.1%
HPK	F	0.1%
CFB	C	0.09%
XPEL	F	0.09%
PARR	F	0.09%
SCVL	B	0.09%
IMXI	D	0.09%
CCB	B	0.08%
ORGN	C	0.08%
ARHS	D	0.08%
OSBC	B	0.08%
GCBC	B	0.07%
ACDC	F	0.07%
SKIN	F	0.07%
MBUU	F	0.07%
BFST	C	0.07%
ESQ	B	0.06%
ATLC	F	0.06%
RCMT	F	0.06%
NBN	B	0.06%
PX	F	0.06%
HZO	F	0.06%
CRGY	C	0.06%
MCB	B	0.06%
ODC	A	0.06%
HTBI	B	0.06%
GRNT	B	0.05%
LEGH	D	0.05%
FSBC	D	0.05%
AFCG	B	0.04%
NXRT	B	0.04%
OBT	B	0.04%
PLYM	F	0.04%
UNTY	B	0.04%
ORRF	B	0.04%
CBNK	D	0.04%
LINC	B	0.04%
LOVE	B	0.04%
REFI	C	0.04%
TCBX	B	0.04%
ASC	A	0.04%
BWFG	D	0.03%
OVLY	C	0.03%
PLBC	C	0.03%
CIVB	D	0.03%
SSBK	B	0.03%
NECB	B	0.03%
MCFT	F	0.03%
EGY	C	0.03%
BCAL	F	0.03%
FRAF	C	0.02%
MNSB	F	0.02%
STKS	D	0.02%
REI	C	0.02%
SAMG	F	0.02%
SACH	D	0.02%
GORV	D	0.01%
EP	C	0.01%
PSTL	C	0.01%
HGBL	F	0.01%
UNB	F	0.01%

JSML Underweight 41 Positions Relative to IPO

Symbol	Grade	Weight
KVUE	C	-10.04%
NU	C	-9.52%
COIN	D	-9.37%
APP	B	-5.41%
HOOD	C	-4.14%
ARM	F	-3.74%
PATH	D	-2.73%
ONON	D	-2.57%
DUOL	B	-2.49%
RIVN	F	-2.47%
BZ	B	-2.46%
CRBG	A	-2.36%
YMM	B	-2.2%
PCOR	F	-2.05%
CFLT	C	-2.0%
S	D	-1.92%
RYAN	D	-1.89%
GTLB	F	-1.84%
MNDY	D	-1.72%
EDR	A	-1.55%
GFS	D	-1.41%
HCP	B	-1.19%
TPG	D	-1.16%
GLBE	F	-1.11%
MQ	D	-0.97%
FRSH	F	-0.88%
BRZE	F	-0.82%
SQSP	A	-0.72%
NUVL	D	-0.71%
YOU	F	-0.55%
AGL	F	-0.52%
INFA	D	-0.49%
DLO	F	-0.48%
BROS	C	-0.47%
BIRK	D	-0.42%
FLNC	C	-0.42%
PYCR	F	-0.4%
PWSC	D	-0.35%
ACT	A	-0.33%
BLCO	F	-0.18%
INST	D	-0.14%