BIGZ vs. JPSE

Last updated Apr 2, 2026

Compare and contrast key facts about Blackrock Innovation & Growth Trust (BIGZ) and JPMorgan Diversified Return U.S. Small Cap Equity ETF (JPSE).

JPSE is a passively managed fund by JPMorgan that tracks the performance of the JPMorgan Diversified Factor US Small Cap Equity Index. It was launched on Nov 15, 2016.

Performance

BIGZ vs. JPSE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Blackrock Innovation & Growth Trust (BIGZ) and JPMorgan Diversified Return U.S. Small Cap Equity ETF (JPSE). The values are adjusted to include any dividend payments, if applicable.

BIGZ vs. JPSE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
BIGZ Blackrock Innovation & Growth Trust	5.08%	0.86%	13.42%	19.29%	-47.76%	-24.45%
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF	5.32%	8.77%	8.07%	15.87%	-14.40%	9.67%

Returns By Period

The year-to-date returns for both investments are quite close, with BIGZ having a 5.08% return and JPSE slightly higher at 5.32%.

BIGZ

• 1D: 2.42%
• 1M: 1.43%
• YTD: 5.08%
• 6M: 3.51%
• 1Y: 20.98%
• 3Y*: 5.73%
• 5Y*: -11.24%
• 10Y*: —

JPSE

• 1D: 0.42%
• 1M: -4.26%
• YTD: 5.32%
• 6M: 6.24%
• 1Y: 22.65%
• 3Y*: 11.65%
• 5Y*: 5.82%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

BIGZ vs. JPSE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BIGZ

BIGZ Risk / Return Rank: 66
BIGZ Sharpe Ratio Rank: 67
BIGZ Sortino Ratio Rank: 62
BIGZ Omega Ratio Rank: 59
BIGZ Calmar Ratio Rank: 71
BIGZ Martin Ratio Rank: 70

JPSE

JPSE Risk / Return Rank: 62
JPSE Sharpe Ratio Rank: 62
JPSE Sortino Ratio Rank: 64
JPSE Omega Ratio Rank: 56
JPSE Calmar Ratio Rank: 62
JPSE Martin Ratio Rank: 65

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BIGZ vs. JPSE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Blackrock Innovation & Growth Trust (BIGZ) and JPMorgan Diversified Return U.S. Small Cap Equity ETF (JPSE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	BIGZ	JPSE	Difference
Sharpe ratio Return per unit of total volatility	0.76	1.13	-0.37
Sortino ratio Return per unit of downside risk	1.29	1.69	-0.40
Omega ratio Gain probability vs. loss probability	1.16	1.22	-0.06
Calmar ratio Return relative to maximum drawdown	1.54	1.69	-0.15
Martin ratio Return relative to average drawdown	3.70	7.14	-3.44
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BIGZ vs. JPSE - Sharpe Ratio Comparison

The current BIGZ Sharpe Ratio is 0.76, which is lower than the JPSE Sharpe Ratio of 1.13. The chart below compares the historical Sharpe Ratios of BIGZ and JPSE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	BIGZ	JPSE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.76	1.13	-0.37
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.38	0.29	-0.67
Sharpe Ratio (All Time) Calculated using the full available price history	-0.37	0.44	-0.81

Correlation

The correlation between BIGZ and JPSE is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

BIGZ vs. JPSE - Dividend Comparison

BIGZ's dividend yield for the trailing twelve months is around 11.83%, more than JPSE's 1.51% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
BIGZ Blackrock Innovation & Growth Trust	11.83%	13.68%	11.21%	10.45%	14.54%	4.81%	0.00%	0.00%	0.00%	0.00%	0.00%
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF	1.51%	1.62%	1.66%	1.76%	1.55%	1.24%	1.32%	1.23%	1.18%	0.74%	0.14%

Drawdowns

BIGZ vs. JPSE - Drawdown Comparison

The maximum BIGZ drawdown since its inception was -67.27%, which is greater than JPSE's maximum drawdown of -43.02%. Use the drawdown chart below to compare losses from any high point for BIGZ and JPSE.

Drawdown Indicators

	BIGZ	JPSE	Difference
Max Drawdown Largest peak-to-trough decline	-67.27%	-43.02%	-24.25%
Max Drawdown (1Y) Largest decline over 1 year	-13.99%	-13.42%	-0.57%
Max Drawdown (5Y) Largest decline over 5 years	-67.27%	-25.56%	-41.71%
Current Drawdown Current decline from peak	-50.68%	-4.46%	-46.22%
Average Drawdown Average peak-to-trough decline	-49.89%	-7.54%	-42.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.83%	3.19%	+2.64%

Volatility

BIGZ vs. JPSE - Volatility Comparison

Blackrock Innovation & Growth Trust (BIGZ) has a higher volatility of 9.78% compared to JPMorgan Diversified Return U.S. Small Cap Equity ETF (JPSE) at 5.88%. This indicates that BIGZ's price experiences larger fluctuations and is considered to be riskier than JPSE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BIGZ	JPSE	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.78%	5.88%	+3.90%
Volatility (6M) Calculated over the trailing 6-month period	18.29%	11.67%	+6.62%
Volatility (1Y) Calculated over the trailing 1-year period	27.83%	20.12%	+7.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.52%	20.18%	+9.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.48%	21.92%	+7.56%