FLMVX vs. SPY
Compare and contrast key facts about JPMorgan Mid Cap Value Fund (FLMVX) and State Street SPDR S&P 500 ETF (SPY).
FLMVX is managed by JPMorgan. It was launched on Nov 13, 1997. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Performance
FLMVX vs. SPY - Performance Comparison
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FLMVX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FLMVX JPMorgan Mid Cap Value Fund | 2.16% | 5.17% | 27.75% | 11.38% | -8.11% | 29.89% | 0.36% | 26.67% | -11.66% | 13.67% |
SPY State Street SPDR S&P 500 ETF | -3.65% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, FLMVX achieves a 2.16% return, which is significantly higher than SPY's -3.65% return. Over the past 10 years, FLMVX has underperformed SPY with an annualized return of 9.84%, while SPY has yielded a comparatively higher 14.06% annualized return.
FLMVX
- 1D
- 1.81%
- 1M
- -5.37%
- YTD
- 2.16%
- 6M
- 3.42%
- 1Y
- 9.29%
- 3Y*
- 15.22%
- 5Y*
- 9.31%
- 10Y*
- 9.84%
SPY
- 1D
- 0.75%
- 1M
- -4.28%
- YTD
- -3.65%
- 6M
- -1.42%
- 1Y
- 18.14%
- 3Y*
- 18.48%
- 5Y*
- 11.86%
- 10Y*
- 14.06%
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FLMVX vs. SPY - Expense Ratio Comparison
FLMVX has a 0.75% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
FLMVX vs. SPY — Risk / Return Rank
FLMVX
SPY
FLMVX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Mid Cap Value Fund (FLMVX) and State Street SPDR S&P 500 ETF (SPY). 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.
| FLMVX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.59 | 0.96 | -0.37 |
Sortino ratioReturn per unit of downside risk | 0.95 | 1.49 | -0.54 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.23 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | 0.89 | 1.53 | -0.65 |
Martin ratioReturn relative to average drawdown | 3.78 | 7.27 | -3.49 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FLMVX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.59 | 0.96 | -0.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | 0.70 | -0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | 0.79 | -0.30 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.56 | +0.05 |
Correlation
The correlation between FLMVX and SPY is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FLMVX vs. SPY - Dividend Comparison
FLMVX's dividend yield for the trailing twelve months is around 20.71%, more than SPY's 1.13% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLMVX JPMorgan Mid Cap Value Fund | 20.71% | 21.16% | 23.25% | 6.10% | 11.73% | 14.98% | 7.73% | 5.20% | 8.30% | 2.71% | 7.04% | 6.69% |
SPY State Street SPDR S&P 500 ETF | 1.13% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
FLMVX vs. SPY - Drawdown Comparison
The maximum FLMVX drawdown since its inception was -54.72%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FLMVX and SPY.
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Drawdown Indicators
| FLMVX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.72% | -55.19% | +0.47% |
Max Drawdown (1Y)Largest decline over 1 year | -11.82% | -12.05% | +0.23% |
Max Drawdown (5Y)Largest decline over 5 years | -25.59% | -24.50% | -1.09% |
Max Drawdown (10Y)Largest decline over 10 years | -43.06% | -33.72% | -9.34% |
Current DrawdownCurrent decline from peak | -5.51% | -5.53% | +0.02% |
Average DrawdownAverage peak-to-trough decline | -6.48% | -9.09% | +2.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.77% | 2.54% | +0.23% |
Volatility
FLMVX vs. SPY - Volatility Comparison
The current volatility for JPMorgan Mid Cap Value Fund (FLMVX) is 4.42%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 5.35%. This indicates that FLMVX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLMVX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.42% | 5.35% | -0.93% |
Volatility (6M)Calculated over the trailing 6-month period | 8.85% | 9.50% | -0.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.53% | 19.06% | -2.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.40% | 17.06% | +2.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.44% | 17.92% | +2.52% |