GSJY vs. JPM

Last updated Jun 24, 2026

GSJY (Goldman Sachs ActiveBeta Japan Equity ETF) is Japan Equities fund tracking the Goldman Sachs ActiveBeta Japan Equity Index, while JPM (JPMorgan Chase & Co.) is a stock. Over the past 10 years, GSJY returned 9.36%/yr vs 22.02%/yr for JPM. At a 0.42 correlation, their price movements are largely independent.

Performance

GSJY vs. JPM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs ActiveBeta Japan Equity ETF (GSJY) and JPMorgan Chase & Co. (JPM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GSJY achieves a 12.58% return, which is significantly higher than JPM's 4.70% return. Over the past 10 years, GSJY has underperformed JPM with an annualized return of 9.36%, while JPM has yielded a comparatively higher 22.02% annualized return.

GSJY

• 1D: -3.94%
• 1M: 1.06%
• YTD: 12.58%
• 6M: 11.90%
• 1Y: 31.84%
• 3Y*: 18.03%
• 5Y*: 8.87%
• 10Y*: 9.36%

JPM

• 1D: 0.80%
• 1M: 9.06%
• YTD: 4.70%
• 6M: 3.51%
• 1Y: 22.41%
• 3Y*: 37.10%
• 5Y*: 19.98%
• 10Y*: 22.02%

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

GSJY vs. JPM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GSJY Goldman Sachs ActiveBeta Japan Equity ETF	12.58%	26.22%	8.89%	19.18%	-16.15%	0.41%	13.81%	18.29%	-11.56%	25.50%
JPM JPMorgan Chase & Co.	4.70%	37.27%	44.29%	30.63%	-12.64%	27.75%	-5.53%	47.26%	-6.62%	26.76%

Correlation

The correlation between GSJY and JPM is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.35
Correlation (3Y) Calculated over the trailing 3-year period	0.33
Correlation (5Y) Calculated over the trailing 5-year period	0.41
Correlation (10Y) Calculated over the trailing 10-year period	0.42
Correlation (All Time) Calculated using the full available price history since Mar 4, 2016	0.42

Return for Risk

GSJY vs. JPM — Risk / Return Rank

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

GSJY

GSJY Risk / Return Rank: 48
GSJY Sharpe Ratio Rank: 48
GSJY Sortino Ratio Rank: 48
GSJY Omega Ratio Rank: 49
GSJY Calmar Ratio Rank: 49
GSJY Martin Ratio Rank: 47

JPM

JPM Risk / Return Rank: 68
JPM Sharpe Ratio Rank: 73
JPM Sortino Ratio Rank: 65
JPM Omega Ratio Rank: 65
JPM Calmar Ratio Rank: 69
JPM Martin Ratio Rank: 70

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.

GSJY vs. JPM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs ActiveBeta Japan Equity ETF (GSJY) and JPMorgan Chase & Co. (JPM). 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.

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.

	GSJY	JPM	Difference
Sharpe ratio: Return per unit of total volatility	1.57	1.02	+0.55
Sortino ratio: Return per unit of downside risk	2.21	1.45	+0.76
Omega ratio: Gain probability vs. loss probability	1.29	1.19	+0.11
Calmar ratio: Return relative to maximum drawdown	2.27	1.46	+0.82
Martin ratio: Return relative to average drawdown	7.44	3.43	+4.01

GSJY vs. JPM - Sharpe Ratio Comparison

The current GSJY Sharpe Ratio is 1.57, which is higher than the JPM Sharpe Ratio of 1.02. The chart below compares the historical Sharpe Ratios of GSJY and JPM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GSJY vs. JPM - Drawdown Comparison

The maximum GSJY drawdown since its inception was -32.53%, smaller than the maximum JPM drawdown of -76.16%. Use the drawdown chart below to compare losses from any high point for GSJY and JPM.

Drawdown Indicators

	GSJY	JPM	Difference
Max Drawdown Largest peak-to-trough decline	-32.53%	-76.16%	+43.63%
Max Drawdown (1Y) Largest decline over 1 year	-14.08%	-15.47%	+1.39%
Max Drawdown (3Y) Largest decline over 3 years	-14.96%	-24.42%	+9.46%
Max Drawdown (5Y) Largest decline over 5 years	-32.53%	-38.77%	+6.24%
Max Drawdown (10Y) Largest decline over 10 years	-32.53%	-43.63%	+11.10%
Current Drawdown Current decline from peak	-3.94%	0.00%	-3.94%
Average Drawdown Average peak-to-trough decline	-7.56%	-17.61%	+10.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.29%	6.55%	-2.26%

Volatility

GSJY vs. JPM - Volatility Comparison

Goldman Sachs ActiveBeta Japan Equity ETF (GSJY) and JPMorgan Chase & Co. (JPM) have volatilities of 7.37% and 7.34%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GSJY	JPM	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.37%	7.34%	+0.03%
Volatility (6M) Calculated over the trailing 6-month period	16.53%	17.14%	-0.61%
Volatility (1Y) Calculated over the trailing 1-year period	20.44%	22.12%	-1.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.29%	24.47%	-6.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.10%	27.35%	-10.25%

Dividends

GSJY vs. JPM - Dividend Comparison

GSJY's dividend yield for the trailing twelve months is around 1.76%, which matches JPM's 1.77% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GSJY Goldman Sachs ActiveBeta Japan Equity ETF	1.76%	1.99%	1.64%	2.11%	2.13%	1.73%	1.22%	2.79%	3.28%	1.70%	2.09%	0.00%
JPM JPMorgan Chase & Co.	1.77%	1.72%	1.92%	2.38%	2.98%	2.34%	2.83%	2.37%	2.54%	1.91%	2.13%	2.54%

Frequently Asked Questions

Can I hold both GSJY and JPM in my portfolio?

GSJY and JPM have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GSJY or JPM?

GSJY has higher volatility (7.37%) compared to JPM (7.34%). In terms of maximum drawdown, GSJY dropped -32.53% vs JPM's -76.16%.

Which has better risk-adjusted returns?

GSJY currently has the higher Sharpe Ratio (1.57 vs 1.02), 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.