JDEUX vs. TISPX

Last updated Jun 5, 2026

JDEUX (JPMorgan U.S. Research Enhanced Equity Fund) and TISPX (TIAA-CREF S&P 500 Index Fund) are both Large Cap Blend Equities funds. Over the past 10 years, JDEUX returned 16.15%/yr vs 15.31%/yr for TISPX. With a 0.99 correlation, they move nearly in lockstep. JDEUX charges 0.25%/yr vs 0.05%/yr for TISPX.

Performance

JDEUX vs. TISPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan U.S. Research Enhanced Equity Fund (JDEUX) and TIAA-CREF S&P 500 Index Fund (TISPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JDEUX achieves a 8.64% return, which is significantly lower than TISPX's 10.87% return. Over the past 10 years, JDEUX has outperformed TISPX with an annualized return of 16.15%, while TISPX has yielded a comparatively lower 15.31% annualized return.

JDEUX

• 1D: -0.78%
• 1M: 3.31%
• YTD: 8.64%
• 6M: 8.81%
• 1Y: 25.06%
• 3Y*: 23.30%
• 5Y*: 14.75%
• 10Y*: 16.15%

TISPX

• 1D: -0.73%
• 1M: 4.18%
• YTD: 10.87%
• 6M: 10.75%
• 1Y: 27.92%
• 3Y*: 22.39%
• 5Y*: 13.86%
• 10Y*: 15.31%

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

JDEUX vs. TISPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JDEUX JPMorgan U.S. Research Enhanced Equity Fund	8.64%	16.42%	31.20%	28.29%	-18.04%	30.45%	20.76%	31.33%	-5.45%	21.64%
TISPX TIAA-CREF S&P 500 Index Fund	10.87%	17.79%	24.94%	26.22%	-18.13%	28.66%	18.34%	31.44%	-4.52%	19.58%

Correlation

The correlation between JDEUX and TISPX is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.99
Correlation (3Y) Calculated over the trailing 3-year period	0.99
Correlation (5Y) Calculated over the trailing 5-year period	0.99
Correlation (10Y) Calculated over the trailing 10-year period	0.98
Correlation (All Time) Calculated using the full available price history since Mar 24, 2003	0.99

The correlation between JDEUX and TISPX has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.

Return for Risk

JDEUX vs. TISPX — Risk / Return Rank

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

JDEUX

JDEUX Risk / Return Rank: 55
JDEUX Sharpe Ratio Rank: 54
JDEUX Sortino Ratio Rank: 50
JDEUX Omega Ratio Rank: 52
JDEUX Calmar Ratio Rank: 52
JDEUX Martin Ratio Rank: 66

TISPX

TISPX Risk / Return Rank: 66
TISPX Sharpe Ratio Rank: 65
TISPX Sortino Ratio Rank: 59
TISPX Omega Ratio Rank: 60
TISPX Calmar Ratio Rank: 67
TISPX Martin Ratio Rank: 79

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.

JDEUX vs. TISPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan U.S. Research Enhanced Equity Fund (JDEUX) and TIAA-CREF S&P 500 Index Fund (TISPX). 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.

	JDEUX	TISPX	Difference
Sharpe ratio: Return per unit of total volatility	2.17	2.37	-0.20
Sortino ratio: Return per unit of downside risk	2.98	3.24	-0.26
Omega ratio: Gain probability vs. loss probability	1.40	1.43	-0.03
Calmar ratio: Return relative to maximum drawdown	2.75	3.17	-0.42
Martin ratio: Return relative to average drawdown	12.75	14.76	-2.02
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JDEUX vs. TISPX - Sharpe Ratio Comparison

The current JDEUX Sharpe Ratio is 2.17, which is comparable to the TISPX Sharpe Ratio of 2.37. The chart below compares the historical Sharpe Ratios of JDEUX and TISPX, 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

	JDEUX	TISPX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.17	2.37	-0.20
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.79	0.83	-0.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.82	0.85	-0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.62	0.62	0.00

Drawdowns

JDEUX vs. TISPX - Drawdown Comparison

The maximum JDEUX drawdown since its inception was -54.37%, roughly equal to the maximum TISPX drawdown of -55.16%. Use the drawdown chart below to compare losses from any high point for JDEUX and TISPX.

Drawdown Indicators

	JDEUX	TISPX	Difference
Max Drawdown Largest peak-to-trough decline	-54.37%	-55.16%	+0.79%
Max Drawdown (1Y) Largest decline over 1 year	-9.21%	-8.90%	-0.31%
Max Drawdown (3Y) Largest decline over 3 years	-18.88%	-18.74%	-0.14%
Max Drawdown (5Y) Largest decline over 5 years	-31.27%	-24.48%	-6.79%
Max Drawdown (10Y) Largest decline over 10 years	-34.71%	-33.75%	-0.96%
Current Drawdown Current decline from peak	-0.78%	-0.73%	-0.05%
Average Drawdown Average peak-to-trough decline	-7.40%	-6.72%	-0.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.98%	1.90%	+0.08%

Volatility

JDEUX vs. TISPX - Volatility Comparison

The current volatility for JPMorgan U.S. Research Enhanced Equity Fund (JDEUX) is 2.76%, while TIAA-CREF S&P 500 Index Fund (TISPX) has a volatility of 2.92%. This indicates that JDEUX experiences smaller price fluctuations and is considered to be less risky than TISPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JDEUX	TISPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.76%	2.92%	-0.16%
Volatility (6M) Calculated over the trailing 6-month period	8.79%	9.01%	-0.22%
Volatility (1Y) Calculated over the trailing 1-year period	11.69%	11.90%	-0.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.79%	16.89%	+1.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.74%	18.07%	+1.67%

JDEUX vs. TISPX - Expense Ratio Comparison

JDEUX has a 0.25% expense ratio, which is higher than TISPX's 0.05% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

JDEUX vs. TISPX - Dividend Comparison

JDEUX's dividend yield for the trailing twelve months is around 4.98%, more than TISPX's 2.12% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JDEUX JPMorgan U.S. Research Enhanced Equity Fund	4.98%	5.41%	11.31%	1.33%	2.90%	13.06%	3.99%	11.40%	14.27%	1.48%	1.62%	5.87%
TISPX TIAA-CREF S&P 500 Index Fund	2.12%	2.35%	1.52%	1.48%	1.91%	1.77%	1.53%	2.16%	2.94%	0.36%	2.39%	0.65%

Frequently Asked Questions

Can I hold both JDEUX and TISPX in my portfolio?

With a correlation of 0.99, JDEUX and TISPX 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, JDEUX or TISPX?

TISPX has higher volatility (2.92%) compared to JDEUX (2.76%). In terms of maximum drawdown, JDEUX dropped -54.37% vs TISPX's -55.16%.

Which has better risk-adjusted returns?

TISPX currently has the higher Sharpe Ratio (2.37 vs 2.17), 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.