JCTR vs. SPXM

Last updated Apr 2, 2026

Compare and contrast key facts about JPMorgan Carbon Transition U.S. Equity ETF (JCTR) and Azoria 500 Meritocracy ETF (SPXM).

JCTR and SPXM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JCTR is a passively managed fund by JPMorgan that tracks the performance of the JPMorgan Asset Management Carbon Transition U.S. Equity Index. It was launched on Dec 9, 2020. SPXM is an actively managed fund by Azoria. It was launched on Jul 7, 2025.

Performance

JCTR vs. SPXM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Carbon Transition U.S. Equity ETF (JCTR) and Azoria 500 Meritocracy ETF (SPXM). The values are adjusted to include any dividend payments, if applicable.

JCTR vs. SPXM - Yearly Performance Comparison

	2026 (YTD)	2025
JCTR JPMorgan Carbon Transition U.S. Equity ETF	0.00%	7.58%
SPXM Azoria 500 Meritocracy ETF	0.00%	9.16%

Returns By Period

JCTR

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SPXM

• 1D: 0.00%
• 1M: 0.00%
• YTD: 0.00%
• 6M: 1.63%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JCTR vs. SPXM - Expense Ratio Comparison

JCTR has a 0.15% expense ratio, which is lower than SPXM's 0.47% expense ratio.

SPXM

Azoria 500 Meritocracy ETF

JCTR

JPMorgan Carbon Transition U.S. Equity ETF

Return for Risk

JCTR vs. SPXM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Carbon Transition U.S. Equity ETF (JCTR) and Azoria 500 Meritocracy ETF (SPXM). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	JCTR	SPXM	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	—	1.82	—

Correlation

The correlation between JCTR and SPXM is 0.65, 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.

Dividends

JCTR vs. SPXM - Dividend Comparison

JCTR's dividend yield for the trailing twelve months is around 0.43%, more than SPXM's 0.24% yield.

	TTM	2025	2024	2023	2022	2021	2020
JCTR JPMorgan Carbon Transition U.S. Equity ETF	0.43%	0.61%	1.04%	1.88%	1.53%	1.13%	0.13%
SPXM Azoria 500 Meritocracy ETF	0.24%	0.24%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

Drawdown Indicators

	JCTR	SPXM	Difference
Max Drawdown Largest peak-to-trough decline	—	-5.08%	—
Current Drawdown Current decline from peak	—	-0.75%	—
Average Drawdown Average peak-to-trough decline	—	-0.80%	—

Volatility

Volatility by Period

	JCTR	SPXM	Difference
Volatility (1Y) Calculated over the trailing 1-year period	—	9.34%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	9.34%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	9.34%	—