- ISIN
- US4812A13657
- CUSIP
- 4812A1365
- Issuer
- JPMorgan
- Inception Date
- Dec 20, 1994
- Category
- Small Cap Blend Equities
- Min. Investment
- $1,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
VSEAX Performance Chart
JPMorgan Small Cap Equity Fund (VSEAX) is up 11.1% since the beginning of the year. VSEAX is currently trading at $36 per share. Investors who bought $1,000 worth of VSEAX shares 5 years ago would now be looking at an investment worth $1,200.
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Returns By Period
JPMorgan Small Cap Equity Fund (VSEAX) has returned 11.10% so far this year and 14.05% over the past 12 months. Over the last ten years, VSEAX has returned 8.82% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
JPMorgan Small Cap Equity Fund
- 1D
- 1.76%
- 1M
- 2.36%
- YTD
- 11.10%
- 6M
- 8.55%
- 1Y
- 14.05%
- 3Y*
- 9.01%
- 5Y*
- 3.72%
- 10Y*
- 8.82%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
VSEAX Monthly Returns History
Based on dividend-adjusted daily data since Dec 19, 1994, VSEAX's average daily return is +0.05%, while the average monthly return is +1.04%. At this rate, an investment would double in approximately 5.6 years.
Historically, 62% of months were positive and 38% were negative. The best month was Nov 2020 with a return of +14.8%, while the worst month was Aug 1998 at -21.9%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 5 months.
On a daily basis, VSEAX closed higher 53% of trading days. The best single day was Mar 24, 2020 with a return of +10.0%, while the worst single day was Mar 16, 2020 at -14.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.39% | 0.33% | -6.61% | 8.88% | 1.77% | 2.51% | 11.10% | ||||||
| 2025 | 3.54% | -4.76% | -5.71% | -3.73% | 5.67% | 2.87% | 1.09% | 2.52% | -3.77% | -1.79% | 1.46% | 0.69% | -2.63% |
| 2024 | -2.31% | 4.78% | 2.98% | -6.58% | 3.74% | -0.97% | 7.79% | 0.22% | 1.45% | -1.66% | 8.77% | -6.01% | 11.46% |
| 2023 | 10.02% | -1.76% | -5.20% | -0.73% | -3.97% | 8.20% | 3.71% | -3.66% | -5.90% | -6.16% | 9.40% | 9.54% | 11.71% |
| 2022 | -7.67% | -0.02% | 0.24% | -7.30% | -0.57% | -6.79% | 9.49% | -4.41% | -8.78% | 11.36% | 4.17% | -4.89% | -16.27% |
| 2021 | -0.02% | 6.17% | 0.82% | 5.25% | -0.14% | -1.28% | 1.22% | 0.78% | -3.30% | 4.41% | -4.06% | 5.24% | 15.47% |
Benchmark Metrics
JPMorgan Small Cap Equity Fund has an annualized alpha of 2.95%, beta of 0.94, and R2 of 0.77 versus S&P 500 Index. Calculated based on daily prices since December 19, 1994.
- This fund captured 104.66% of S&P 500 Index gains but only 94.81% of its losses - a favorable profile for investors.
- This fund generated an annualized alpha of 2.95% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- With beta of 0.94 and R2 of 0.77, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 2.95%
- Beta
- 0.94
- R²
- 0.77
- Upside Capture
- 104.66%
- Downside Capture
- 94.81%
Expense Ratio
VSEAX has a high expense ratio of 1.27%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
VSEAX ranks 12 for risk / return — in the bottom 12% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for JPMorgan Small Cap Equity Fund (VSEAX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| VSEAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.19 | ||
| Sortino ratioReturn per unit of downside risk | -1.42 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.37 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.21 | 2.78 | -1.58 |
| Martin ratioReturn relative to average drawdown | 3.27 | 12.44 | -9.17 |
Dividends
Dividend History
JPMorgan Small Cap Equity Fund provided a 22.90% dividend yield over the last twelve months, with an annual payout of $8.23 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $8.23 | $8.23 | $5.95 | $2.04 | $6.17 | $12.48 | $1.69 | $2.53 | $3.45 | $2.97 | $1.36 | $3.21 |
Dividend yield | 22.90% | 25.45% | 14.31% | 4.81% | 15.49% | 22.80% | 2.89% | 4.96% | 8.25% | 5.99% | 2.98% | 8.31% |
Monthly Dividends
The table displays the monthly dividend distributions for JPMorgan Small Cap Equity Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $8.23 | $8.23 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $5.95 | $5.95 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.04 | $2.04 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $6.17 | $6.17 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $12.48 | $12.48 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the JPMorgan Small Cap Equity Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the JPMorgan Small Cap Equity Fund was 48.86%, occurring on Nov 20, 2008. Recovery took 355 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -48.86%Nov 2008 | 1y 1mo | 1y 5mo | 2y 6moOct 2007 - Apr 2010 |
COVID crash2020 | -41.69%Mar 2020 | 1mo 1d | 7mo 21d | 8mo 22dFeb 2020 - Nov 2020 |
1998 bear market1998 | -38.14%Oct 1998 | 5mo 19d | 1y 2mo | 1y 8moApr 1998 - Dec 1999 |
2003 bear market2003 | -34.58%Mar 2003 | 2y 6mo | 9mo 23d | 3y 3moSep 2000 - Dec 2003 |
Bear market2022 | -26.53%Jun 2022 | 7mo 10d | 2y 3mo | 2y 10moNov 2021 - Sep 2024 |
Drawdown Indicators
| VSEAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.86% | -56.78% | +7.92% |
Max Drawdown (1Y)Largest decline over 1 year | -11.89% | -9.10% | -2.79% |
Max Drawdown (3Y)Largest decline over 3 years | -24.44% | -18.90% | -5.54% |
Max Drawdown (5Y)Largest decline over 5 years | -26.53% | -25.43% | -1.10% |
Max Drawdown (10Y)Largest decline over 10 years | -41.69% | -33.92% | -7.77% |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -8.07% | -10.71% | +2.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.38% | 2.03% | +2.35% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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