JAVA vs. SPY
Compare and contrast key facts about JPMorgan Active Value ETF (JAVA) and SPDR S&P 500 ETF (SPY).
JAVA and SPY 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. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JAVA or SPY.
Key characteristics
| JAVA | SPY | |
|---|---|---|
| YTD Return | 14.50% | 19.22% |
| 1Y Return | 20.80% | 28.25% |
| 3Y Return (Ann) | 93.18% | 9.99% |
| 5Y Return (Ann) | 93.18% | 15.19% |
| 10Y Return (Ann) | 93.18% | 12.84% |
| Sharpe Ratio | 1.86 | 2.25 |
| Daily Std Dev | 11.22% | 12.59% |
| Max Drawdown | -98.90% | -55.19% |
| Current Drawdown | -74.36% | -0.32% |
Correlation
The correlation between JAVA and SPY is 0.40, 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. SPY - Performance Comparison
In the year-to-date period, JAVA achieves a 14.50% return, which is significantly lower than SPY's 19.22% return. Over the past 10 years, JAVA has outperformed SPY with an annualized return of 93.18%, while SPY has yielded a comparatively lower 12.84% annualized 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. SPY - Expense Ratio Comparison
JAVA has a 0.44% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
JAVA vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Active Value ETF (JAVA) and 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.
Dividends
JAVA vs. SPY - Dividend Comparison
JAVA's dividend yield for the trailing twelve months is around 1.47%, more than SPY's 0.93% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JAVA JPMorgan Active Value ETF | 1.13% | 1.65% | 1.25% | 0.48% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 0.93% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
JAVA vs. SPY - Drawdown Comparison
The maximum JAVA drawdown since its inception was -98.90%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for JAVA and SPY. For additional features, visit the drawdowns tool.
Volatility
JAVA vs. SPY - Volatility Comparison
The current volatility for JPMorgan Active Value ETF (JAVA) is 2.89%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.94%. This indicates that JAVA 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.