JDIV vs. QWLD

Last updated Aug 6, 2026

JDIV (JPMorgan Dividend Leaders ETF) and QWLD (State Street SPDR MSCI World StrategicFactors ETF) are both exchange-traded funds - JDIV is a Global Equities fund actively managed by JPMorgan, while QWLD is a Multi-factor fund tracking the MSCI World Factor Mix A-Series Index. JDIV is actively managed, while QWLD is passively managed. Over the past year, JDIV returned 15.51% vs 20.28% for QWLD. Their correlation of 0.89 means they have usually moved in the same direction. JDIV charges 0.47%/yr vs 0.30%/yr for QWLD.

Performance

JDIV vs. QWLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Dividend Leaders ETF (JDIV) and State Street SPDR MSCI World StrategicFactors ETF (QWLD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JDIV achieves a 9.74% return, which is significantly lower than QWLD's 11.46% return.

JDIV

• 1D: 0.05%
• 1M: 2.23%
• 6M: 7.04%
• YTD: 9.74%
• 1Y: 15.51%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 12.26%

QWLD

• 1D: -0.10%
• 1M: 3.08%
• 6M: 7.37%
• YTD: 11.46%
• 1Y: 20.28%
• 3Y*: 16.93%
• 5Y*: 10.26%
• 10Y*: 11.78%
• ALL TIME*: 10.65%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
JDIV JPMorgan Dividend Leaders ETF	$51.07K	$40.04K	$84.02K
QWLD State Street SPDR MSCI World StrategicFactors ETF	$292.86K	$296.31K	$1.06M

JDIV vs. QWLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024
JDIV JPMorgan Dividend Leaders ETF	9.74%	18.98%	-5.07%
QWLD State Street SPDR MSCI World StrategicFactors ETF	11.46%	17.93%	-2.19%

Correlation

The correlation between JDIV and QWLD is 0.88, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.88
Correlation (All Time) Calculated using the full available price history since Sep 26, 2024	0.89

The correlation between JDIV and QWLD has been stable across timeframes, ranging from 0.88 to 0.89 - a consistent structural relationship.

JDIV vs. QWLD - Sectors Allocation Comparison

Sectors	JDIV	QWLD
Technology	23.5%	24.9%
Financial Services	18.4%	16.5%
Healthcare	12.6%	13.2%
Industrials	8.0%	10.9%
Consumer Cyclical	6.5%	6.3%
Communication Services	6.0%	9.5%
Energy	4.5%	3.4%
Utilities	3.8%	3.8%
Basic Materials	2.1%	2.5%
Real Estate	1.6%	1.0%
Consumer Defensive	1.5%	8.1%

Return for Risk

JDIV vs. QWLD — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

JDIV

JDIV Risk / Return Rank: 44
JDIV Sharpe Ratio Rank: 44
JDIV Sortino Ratio Rank: 43
JDIV Omega Ratio Rank: 43
JDIV Calmar Ratio Rank: 42
JDIV Martin Ratio Rank: 51

QWLD

QWLD Risk / Return Rank: 78
QWLD Sharpe Ratio Rank: 82
QWLD Sortino Ratio Rank: 82
QWLD Omega Ratio Rank: 81
QWLD Calmar Ratio Rank: 67
QWLD Martin Ratio Rank: 79

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

JDIV vs. QWLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Dividend Leaders ETF (JDIV) and State Street SPDR MSCI World StrategicFactors ETF (QWLD). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	JDIV	QWLD	Difference
Sharpe ratio: Return per unit of total volatility	1.26	2.10	-0.85
Sortino ratio: Return per unit of downside risk	1.81	2.98	-1.17
Omega ratio: Gain probability vs. loss probability	1.23	1.38	-0.15
Calmar ratio: Return relative to maximum drawdown	1.68	2.66	-0.98
Martin ratio: Return relative to average drawdown	6.61	11.63	-5.02

JDIV vs. QWLD - Sharpe Ratio Comparison

The current JDIV Sharpe Ratio is 1.26, which is lower than the QWLD Sharpe Ratio of 2.10. The chart below compares the historical Sharpe Ratios of JDIV and QWLD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

JDIV vs. QWLD - Drawdown Comparison

The maximum JDIV drawdown since its inception was -13.34%, smaller than the maximum QWLD drawdown of -31.89%. Use the drawdown chart below to compare losses from any high point for JDIV and QWLD.

Drawdown Indicators

	JDIV	QWLD	Difference
Max Drawdown Largest peak-to-trough decline	-13.34%	-31.89%	+18.55%
Max Drawdown (1Y) Largest decline over 1 year	-9.28%	-7.66%	-1.62%
Max Drawdown (3Y) Largest decline over 3 years	—	-12.40%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-22.84%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-31.89%	—
Current Drawdown Current decline from peak	0.00%	-0.10%	+0.10%
Average Drawdown Average peak-to-trough decline	-1.92%	-3.66%	+1.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.35%	1.75%	+0.60%

Volatility

JDIV vs. QWLD - Volatility Comparison

JPMorgan Dividend Leaders ETF (JDIV) has a higher volatility of 3.54% compared to State Street SPDR MSCI World StrategicFactors ETF (QWLD) at 2.60%. This indicates that JDIV's price experiences larger fluctuations and is considered to be riskier than QWLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JDIV	QWLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.54%	2.60%	+0.94%
Volatility (6M) Calculated over the trailing 6-month period	10.42%	7.76%	+2.66%
Volatility (1Y) Calculated over the trailing 1-year period	12.42%	9.70%	+2.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.05%	13.52%	+0.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.05%	15.13%	-1.08%

JDIV vs. QWLD - Expense Ratio Comparison

JDIV has a 0.47% expense ratio, which is higher than QWLD's 0.30% expense ratio.

Dividends

JDIV vs. QWLD - Dividend Comparison

JDIV's dividend yield for the trailing twelve months is around 2.04%, more than QWLD's 1.75% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JDIV JPMorgan Dividend Leaders ETF	2.04%	2.15%	0.36%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
QWLD State Street SPDR MSCI World StrategicFactors ETF	1.75%	1.85%	1.74%	1.78%	2.02%	1.77%	1.77%	2.13%	2.33%	2.73%	2.22%	3.42%

Frequently Asked Questions

Can I hold both JDIV and QWLD in my portfolio?

JDIV and QWLD have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JDIV or QWLD?

JDIV has higher volatility (3.54%) compared to QWLD (2.60%). In terms of maximum drawdown, JDIV dropped -13.34% vs QWLD's -31.89%.

Which ETF is better, JDIV or QWLD?

On 1-year performance, QWLD leads with 20.28% vs 15.51% for JDIV. On fees, QWLD is cheaper at 0.30% per year. On volatility, QWLD has been the lower-risk option at 2.60%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JDIV or QWLD?

Over the 1-year period, QWLD has performed better with a 20.28% return vs 15.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JDIV or QWLD?

QWLD is cheaper with a 0.30% expense ratio, compared with 0.47% for JDIV.

Which ETF pays a higher dividend yield, JDIV or QWLD?

JDIV has the higher dividend yield at 2.04%, compared with 1.75% for QWLD.

What is the main difference between JDIV and QWLD?

JDIV is categorized as Global Equities, while QWLD is Multi-factor. They also come from different issuers: JPMorgan and State Street. Their fees differ too: 0.47% for JDIV and 0.30% for QWLD.

Which has better risk-adjusted returns?

QWLD currently has the higher Sharpe Ratio (2.10 vs 1.26), 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.