IWMY vs. JPM
IWMY (Defiance R2000 Enhanced Options & 0DTE Income ETF) is Options Trading fund tracking the Russell 2000 Index, while JPM (JPMorgan Chase & Co.) is a stock. Over the past year, IWMY returned 21.26% vs 21.89% for JPM. At a 0.49 correlation, their price movements are largely independent.
Performance
IWMY vs. JPM - Performance Comparison
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Returns By Period
In the year-to-date period, IWMY achieves a 13.70% return, which is significantly higher than JPM's 0.50% return.
IWMY
- 1D
- 0.68%
- 1M
- 2.79%
- YTD
- 13.70%
- 6M
- 10.66%
- 1Y
- 21.26%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JPM
- 1D
- 2.31%
- 1M
- 6.82%
- YTD
- 0.50%
- 6M
- 1.66%
- 1Y
- 21.89%
- 3Y*
- 34.22%
- 5Y*
- 17.82%
- 10Y*
- 21.02%
IWMY vs. JPM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IWMY Defiance R2000 Enhanced Options & 0DTE Income ETF | 13.70% | 10.18% | 5.56% | 10.06% |
JPM JPMorgan Chase & Co. | 0.50% | 37.27% | 44.29% | 23.78% |
Correlation
The correlation between IWMY and JPM is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Oct 31, 2023 | 0.49 |
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Return for Risk
IWMY vs. JPM — Risk / Return Rank
IWMY
JPM
IWMY vs. JPM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance R2000 Enhanced Options & 0DTE Income ETF (IWMY) 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.
| IWMY | JPM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.30 | ||
| Sortino ratioReturn per unit of downside risk | +0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.18 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.85 | 1.42 | +0.42 |
| Martin ratioReturn relative to average drawdown | 6.03 | 3.36 | +2.67 |
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Drawdowns
IWMY vs. JPM - Drawdown Comparison
The maximum IWMY drawdown since its inception was -18.72%, smaller than the maximum JPM drawdown of -76.16%. Use the drawdown chart below to compare losses from any high point for IWMY and JPM.
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Drawdown Indicators
| IWMY | JPM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.72% | -76.16% | +57.44% |
Max Drawdown (1Y)Largest decline over 1 year | -11.57% | -15.47% | +3.90% |
Max Drawdown (3Y)Largest decline over 3 years | — | -24.42% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -38.77% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -43.63% | — |
Current DrawdownCurrent decline from peak | -0.12% | -3.66% | +3.54% |
Average DrawdownAverage peak-to-trough decline | -2.96% | -17.62% | +14.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.54% | 6.54% | -3.00% |
Volatility
IWMY vs. JPM - Volatility Comparison
Defiance R2000 Enhanced Options & 0DTE Income ETF (IWMY) has a higher volatility of 6.80% compared to JPMorgan Chase & Co. (JPM) at 6.35%. This indicates that IWMY's price experiences larger fluctuations and is considered to be riskier than JPM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IWMY | JPM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.80% | 6.35% | +0.45% |
Volatility (6M)Calculated over the trailing 6-month period | 13.47% | 16.67% | -3.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.36% | 21.76% | -5.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.94% | 24.46% | -8.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.94% | 27.39% | -11.45% |
Dividends
IWMY vs. JPM - Dividend Comparison
IWMY's dividend yield for the trailing twelve months is around 44.61%, more than JPM's 1.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWMY Defiance R2000 Enhanced Options & 0DTE Income ETF | 44.61% | 63.33% | 107.92% | 11.34% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
JPM JPMorgan Chase & Co. | 1.84% | 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
IWMY and JPM have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IWMY has higher volatility (6.80%) compared to JPM (6.35%). In terms of maximum drawdown, IWMY dropped -18.72% vs JPM's -76.16%.
IWMY currently has the higher Sharpe Ratio (1.31 vs 1.01), 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.
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