JAVA vs. JGRO
Compare and contrast key facts about JPMorgan Active Value ETF (JAVA) and JPMorgan Active Growth ETF (JGRO).
JAVA and JGRO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JAVA is an actively managed fund by JPMorgan. It was launched on Oct 4, 2021. JGRO is an actively managed fund by JPMorgan Chase. It was launched on Aug 8, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JAVA or JGRO.
Key characteristics
| JAVA | JGRO | |
|---|---|---|
| YTD Return | 14.50% | 22.92% |
| 1Y Return | 20.80% | 34.51% |
| Sharpe Ratio | 1.86 | 1.89 |
| Daily Std Dev | 11.22% | 18.15% |
| Max Drawdown | -98.90% | -17.88% |
| Current Drawdown | -74.36% | -3.98% |
Correlation
The correlation between JAVA and JGRO is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
JAVA vs. JGRO - Performance Comparison
In the year-to-date period, JAVA achieves a 14.50% return, which is significantly lower than JGRO's 22.92% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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JAVA vs. JGRO - Expense Ratio Comparison
Both JAVA and JGRO have an expense ratio of 0.44%.
Risk-Adjusted Performance
JAVA vs. JGRO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Active Value ETF (JAVA) and JPMorgan Active Growth ETF (JGRO). 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.
Dividends
JAVA vs. JGRO - Dividend Comparison
JAVA's dividend yield for the trailing twelve months is around 1.47%, more than JGRO's 0.14% yield.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
JAVA JPMorgan Active Value ETF | 1.13% | 1.65% | 1.25% | 0.48% |
JGRO JPMorgan Active Growth ETF | 0.14% | 0.17% | 0.16% | 0.00% |
Drawdowns
JAVA vs. JGRO - Drawdown Comparison
The maximum JAVA drawdown since its inception was -98.90%, which is greater than JGRO's maximum drawdown of -17.88%. Use the drawdown chart below to compare losses from any high point for JAVA and JGRO. For additional features, visit the drawdowns tool.
Volatility
JAVA vs. JGRO - Volatility Comparison
The current volatility for JPMorgan Active Value ETF (JAVA) is 2.89%, while JPMorgan Active Growth ETF (JGRO) has a volatility of 5.90%. This indicates that JAVA experiences smaller price fluctuations and is considered to be less risky than JGRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.