JAKSX vs. JMUEX

Last updated Jun 4, 2026

JAKSX (JPMorgan SmartRetirement 2060 Fund) and JMUEX (JPMorgan U.S. Equity Fund) are both mutual funds - JAKSX is a Target Retirement Date fund managed by JPMorgan, while JMUEX is a Large Cap Blend Equities fund managed by JPMorgan. Over the past 5 years, JAKSX returned 8.84%/yr vs 13.82%/yr for JMUEX. Their correlation of 0.94 suggests significant overlap in exposure. JAKSX charges 0.26%/yr vs 0.57%/yr for JMUEX.

Performance

JAKSX vs. JMUEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan SmartRetirement 2060 Fund (JAKSX) and JPMorgan U.S. Equity Fund (JMUEX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JAKSX achieves a 9.93% return, which is significantly higher than JMUEX's 6.39% return.

JAKSX

• 1D: 0.39%
• 1M: 4.37%
• YTD: 9.93%
• 6M: 10.49%
• 1Y: 23.20%
• 3Y*: 17.62%
• 5Y*: 8.84%
• 10Y*: —

JMUEX

• 1D: 0.00%
• 1M: 4.18%
• YTD: 6.39%
• 6M: 5.84%
• 1Y: 21.22%
• 3Y*: 21.71%
• 5Y*: 13.82%
• 10Y*: 15.97%

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

JAKSX vs. JMUEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JAKSX JPMorgan SmartRetirement 2060 Fund	9.93%	17.84%	12.40%	22.14%	-18.38%	17.47%	15.22%	24.77%	-9.72%	20.96%
JMUEX JPMorgan U.S. Equity Fund	6.39%	14.60%	31.22%	27.28%	-18.84%	28.55%	26.51%	32.26%	-5.90%	20.45%

Correlation

The correlation between JAKSX and JMUEX is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (All Time) Calculated using the full available price history since Jan 4, 2017	0.94

The correlation between JAKSX and JMUEX has been stable across timeframes, ranging from 0.92 to 0.94 - a consistent structural relationship.

Return for Risk

JAKSX vs. JMUEX — Risk / Return Rank

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

JAKSX

JAKSX Risk / Return Rank: 49
JAKSX Sharpe Ratio Rank: 48
JAKSX Sortino Ratio Rank: 46
JAKSX Omega Ratio Rank: 47
JAKSX Calmar Ratio Rank: 46
JAKSX Martin Ratio Rank: 56

JMUEX

JMUEX Risk / Return Rank: 34
JMUEX Sharpe Ratio Rank: 39
JMUEX Sortino Ratio Rank: 36
JMUEX Omega Ratio Rank: 39
JMUEX Calmar Ratio Rank: 25
JMUEX Martin Ratio Rank: 33

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.

JAKSX vs. JMUEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan SmartRetirement 2060 Fund (JAKSX) and JPMorgan U.S. Equity Fund (JMUEX). 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.

	JAKSX	JMUEX	Difference
Sharpe ratio Return per unit of total volatility	2.04	1.81	+0.22
Sortino ratio Return per unit of downside risk	2.86	2.51	+0.35
Omega ratio Gain probability vs. loss probability	1.37	1.33	+0.04
Calmar ratio Return relative to maximum drawdown	2.58	1.86	+0.72
Martin ratio Return relative to average drawdown	11.25	7.48	+3.76
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JAKSX vs. JMUEX - Sharpe Ratio Comparison

The current JAKSX Sharpe Ratio is 2.04, which is comparable to the JMUEX Sharpe Ratio of 1.81. The chart below compares the historical Sharpe Ratios of JAKSX and JMUEX, 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

	JAKSX	JMUEX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.04	1.81	+0.22
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.60	0.80	-0.20
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.86	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.70	0.58	+0.12

Drawdowns

JAKSX vs. JMUEX - Drawdown Comparison

The maximum JAKSX drawdown since its inception was -33.11%, smaller than the maximum JMUEX drawdown of -52.11%. Use the drawdown chart below to compare losses from any high point for JAKSX and JMUEX.

Drawdown Indicators

	JAKSX	JMUEX	Difference
Max Drawdown Largest peak-to-trough decline	-33.11%	-52.11%	+19.00%
Max Drawdown (1Y) Largest decline over 1 year	-9.14%	-11.92%	+2.78%
Max Drawdown (3Y) Largest decline over 3 years	-15.15%	-19.11%	+3.96%
Max Drawdown (5Y) Largest decline over 5 years	-25.80%	-24.60%	-1.20%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.35%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-5.29%	-8.79%	+3.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.09%	2.95%	-0.86%

Volatility

JAKSX vs. JMUEX - Volatility Comparison

JPMorgan SmartRetirement 2060 Fund (JAKSX) has a higher volatility of 3.51% compared to JPMorgan U.S. Equity Fund (JMUEX) at 3.20%. This indicates that JAKSX's price experiences larger fluctuations and is considered to be riskier than JMUEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JAKSX	JMUEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.51%	3.20%	+0.31%
Volatility (6M) Calculated over the trailing 6-month period	9.25%	9.42%	-0.17%
Volatility (1Y) Calculated over the trailing 1-year period	11.58%	12.23%	-0.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.80%	17.41%	-2.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.88%	18.56%	-2.68%

JAKSX vs. JMUEX - Expense Ratio Comparison

JAKSX has a 0.26% expense ratio, which is lower than JMUEX's 0.57% expense ratio.

Dividends

JAKSX vs. JMUEX - Dividend Comparison

JAKSX's dividend yield for the trailing twelve months is around 3.89%, less than JMUEX's 5.52% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JAKSX JPMorgan SmartRetirement 2060 Fund	3.89%	4.27%	2.96%	1.55%	6.59%	8.71%	3.49%	3.95%	2.96%	1.93%	0.00%	0.00%
JMUEX JPMorgan U.S. Equity Fund	5.52%	5.85%	12.03%	2.06%	5.11%	10.74%	6.63%	10.06%	14.56%	8.71%	4.77%	6.17%

Frequently Asked Questions

Can I hold both JAKSX and JMUEX in my portfolio?

With a correlation of 0.92, JAKSX and JMUEX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, JAKSX or JMUEX?

JAKSX has higher volatility (3.51%) compared to JMUEX (3.20%). In terms of maximum drawdown, JAKSX dropped -33.11% vs JMUEX's -52.11%.

Which has better risk-adjusted returns?

JAKSX currently has the higher Sharpe Ratio (2.04 vs 1.81), 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.