JDESX vs. SPY
Compare and contrast key facts about JPMorgan U.S. Research Enhanced Equity Fund (JDESX) and SPDR S&P 500 ETF (SPY).
JDESX is managed by JPMorgan Chase. It was launched on Sep 10, 2001. 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: JDESX or SPY.
Correlation
The correlation between JDESX and SPY is 0.98, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
JDESX vs. SPY - Performance Comparison
Key characteristics
JDESX:
0.75
SPY:
1.46
JDESX:
1.04
SPY:
1.99
JDESX:
1.15
SPY:
1.27
JDESX:
1.15
SPY:
2.23
JDESX:
2.93
SPY:
9.00
JDESX:
3.54%
SPY:
2.08%
JDESX:
13.79%
SPY:
12.83%
JDESX:
-54.25%
SPY:
-55.19%
JDESX:
-8.74%
SPY:
-3.06%
Returns By Period
In the year-to-date period, JDESX achieves a -0.53% return, which is significantly lower than SPY's 1.38% return. Over the past 10 years, JDESX has underperformed SPY with an annualized return of 7.26%, while SPY has yielded a comparatively higher 12.94% annualized return.
JDESX
-0.53%
-3.07%
-1.87%
9.01%
11.59%
7.26%
SPY
1.38%
-1.79%
6.09%
17.34%
15.76%
12.94%
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JDESX vs. SPY - Expense Ratio Comparison
JDESX has a 0.35% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
JDESX vs. SPY — Risk-Adjusted Performance Rank
JDESX
SPY
JDESX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan U.S. Research Enhanced Equity Fund (JDESX) 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
JDESX vs. SPY - Dividend Comparison
JDESX's dividend yield for the trailing twelve months is around 0.96%, less than SPY's 1.19% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JDESX JPMorgan U.S. Research Enhanced Equity Fund | 0.96% | 0.96% | 1.11% | 1.24% | 0.95% | 1.29% | 1.49% | 1.75% | 1.39% | 1.40% | 1.14% | 1.14% |
SPY SPDR S&P 500 ETF | 1.19% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
JDESX vs. SPY - Drawdown Comparison
The maximum JDESX drawdown since its inception was -54.25%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for JDESX and SPY. For additional features, visit the drawdowns tool.
Volatility
JDESX vs. SPY - Volatility Comparison
The current volatility for JPMorgan U.S. Research Enhanced Equity Fund (JDESX) is 3.18%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.69%. This indicates that JDESX 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.