CAVA vs. JPEF

Last updated Jun 5, 2026

CAVA (CAVA Group Inc.) is a stock, while JPEF (JPMorgan Equity Focus ETF) is Large Cap Blend Equities fund actively managed by JPMorgan. Over the past year, CAVA returned -12.54% vs 19.72% for JPEF. At a 0.46 correlation, their price movements are largely independent.

Performance

CAVA vs. JPEF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in CAVA Group Inc. (CAVA) and JPMorgan Equity Focus ETF (JPEF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CAVA achieves a 22.25% return, which is significantly higher than JPEF's 8.08% return.

CAVA

• 1D: 0.59%
• 1M: -20.58%
• YTD: 22.25%
• 6M: 31.70%
• 1Y: -12.54%
• 3Y*: —
• 5Y*: —
• 10Y*: —

JPEF

• 1D: 0.26%
• 1M: 3.01%
• YTD: 8.08%
• 6M: 7.20%
• 1Y: 19.72%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CAVA vs. JPEF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
CAVA CAVA Group Inc.	22.25%	-47.97%	162.45%	-24.74%
JPEF JPMorgan Equity Focus ETF	8.08%	12.07%	28.19%	5.72%

Correlation

The correlation between CAVA and JPEF is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.36
Correlation (All Time) Calculated using the full available price history since Aug 1, 2023	0.46

The correlation between CAVA and JPEF shifts across timeframes, from 0.36 (1 year) to 0.46 (all time), reflecting how their relationship changes across market environments.

Return for Risk

CAVA vs. JPEF — Risk / Return Rank

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

CAVA

CAVA Risk / Return Rank: 33
CAVA Sharpe Ratio Rank: 32
CAVA Sortino Ratio Rank: 32
CAVA Omega Ratio Rank: 32
CAVA Calmar Ratio Rank: 34
CAVA Martin Ratio Rank: 33

JPEF

JPEF Risk / Return Rank: 53
JPEF Sharpe Ratio Rank: 51
JPEF Sortino Ratio Rank: 51
JPEF Omega Ratio Rank: 53
JPEF Calmar Ratio Rank: 50
JPEF Martin Ratio Rank: 61

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.

CAVA vs. JPEF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CAVA Group Inc. (CAVA) and JPMorgan Equity Focus ETF (JPEF). 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.

	CAVA	JPEF	Difference
Sharpe ratio: Return per unit of total volatility	-0.22	1.74	-1.96
Sortino ratio: Return per unit of downside risk	0.07	2.46	-2.40
Omega ratio: Gain probability vs. loss probability	1.01	1.32	-0.31
Calmar ratio: Return relative to maximum drawdown	-0.24	2.40	-2.64
Martin ratio: Return relative to average drawdown	-0.48	10.84	-11.32
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CAVA vs. JPEF - Sharpe Ratio Comparison

The current CAVA Sharpe Ratio is -0.22, which is lower than the JPEF Sharpe Ratio of 1.74. The chart below compares the historical Sharpe Ratios of CAVA and JPEF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CAVA	JPEF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.22	1.74	-1.96
Sharpe Ratio (All Time) Calculated using the full available price history	0.31	1.27	-0.97

Drawdowns

CAVA vs. JPEF - Drawdown Comparison

The maximum CAVA drawdown since its inception was -71.11%, which is greater than JPEF's maximum drawdown of -18.09%. Use the drawdown chart below to compare losses from any high point for CAVA and JPEF.

Drawdown Indicators

	CAVA	JPEF	Difference
Max Drawdown Largest peak-to-trough decline	-71.11%	-18.09%	-53.02%
Max Drawdown (1Y) Largest decline over 1 year	-52.65%	-8.25%	-44.40%
Current Drawdown Current decline from peak	-52.45%	-0.55%	-51.90%
Average Drawdown Average peak-to-trough decline	-30.02%	-2.14%	-27.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	26.25%	1.82%	+24.43%

Volatility

CAVA vs. JPEF - Volatility Comparison

CAVA Group Inc. (CAVA) has a higher volatility of 15.19% compared to JPMorgan Equity Focus ETF (JPEF) at 2.97%. This indicates that CAVA's price experiences larger fluctuations and is considered to be riskier than JPEF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CAVA	JPEF	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.19%	2.97%	+12.22%
Volatility (6M) Calculated over the trailing 6-month period	41.41%	8.64%	+32.77%
Volatility (1Y) Calculated over the trailing 1-year period	57.29%	11.37%	+45.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	59.20%	15.01%	+44.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	59.20%	15.01%	+44.19%

Dividends

CAVA vs. JPEF - Dividend Comparison

CAVA has not paid dividends to shareholders, while JPEF's dividend yield for the trailing twelve months is around 0.65%.

Position	TTM	2025	2024	2023
CAVA CAVA Group Inc.	0.00%	0.00%	0.00%	0.00%
JPEF JPMorgan Equity Focus ETF	0.65%	0.70%	0.71%	0.39%

Frequently Asked Questions

Can I hold both CAVA and JPEF in my portfolio?

CAVA and JPEF have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CAVA or JPEF?

CAVA has higher volatility (15.19%) compared to JPEF (2.97%). In terms of maximum drawdown, CAVA dropped -71.11% vs JPEF's -18.09%.

Which has better risk-adjusted returns?

JPEF currently has the higher Sharpe Ratio (1.74 vs -0.22), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.