JGLO vs. ^GSPC
JGLO (Jpmorgan Global Select Equity ETF) is Global Equities fund actively managed by JPMorgan, while ^GSPC (S&P 500 Index) is an index. Over the past year, JGLO returned 13.14% vs 22.24% for ^GSPC. Their correlation of 0.93 suggests significant overlap in exposure.
Performance
JGLO vs. ^GSPC - Performance Comparison
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Returns By Period
In the year-to-date period, JGLO achieves a 3.31% return, which is significantly lower than ^GSPC's 7.60% return.
JGLO
- 1D
- -1.34%
- 1M
- -1.33%
- YTD
- 3.31%
- 6M
- 2.82%
- 1Y
- 13.14%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
^GSPC
- 1D
- -1.44%
- 1M
- -1.45%
- YTD
- 7.60%
- 6M
- 6.59%
- 1Y
- 22.24%
- 3Y*
- 19.20%
- 5Y*
- 11.54%
- 10Y*
- 13.71%
JGLO vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
JGLO Jpmorgan Global Select Equity ETF | 3.31% | 14.07% | 17.00% | 8.01% |
^GSPC S&P 500 Index | 7.60% | 16.39% | 23.31% | 6.77% |
Correlation
The correlation between JGLO and ^GSPC is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Sep 14, 2023 | 0.93 |
The correlation between JGLO and ^GSPC has been stable across timeframes, ranging from 0.93 to 0.93 - a consistent structural relationship.
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Return for Risk
JGLO vs. ^GSPC — Risk / Return Rank
JGLO
^GSPC
JGLO vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Jpmorgan Global Select Equity ETF (JGLO) and S&P 500 Index (^GSPC). 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.
| JGLO | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.70 | ||
| Sortino ratioReturn per unit of downside risk | -0.88 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.32 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.39 | 2.46 | -1.06 |
| Martin ratioReturn relative to average drawdown | 5.59 | 10.92 | -5.33 |
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Drawdowns
JGLO vs. ^GSPC - Drawdown Comparison
The maximum JGLO drawdown since its inception was -16.12%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for JGLO and ^GSPC.
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Drawdown Indicators
| JGLO | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.12% | -56.78% | +40.66% |
Max Drawdown (1Y)Largest decline over 1 year | -9.47% | -9.10% | -0.37% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -2.43% | -3.21% | +0.78% |
Average DrawdownAverage peak-to-trough decline | -1.88% | -10.71% | +8.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.35% | 2.04% | +0.31% |
Volatility
JGLO vs. ^GSPC - Volatility Comparison
Jpmorgan Global Select Equity ETF (JGLO) and S&P 500 Index (^GSPC) have volatilities of 4.77% and 4.89%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JGLO | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.77% | 4.89% | -0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 9.99% | 9.93% | +0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.24% | 12.57% | -0.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.17% | 17.00% | -2.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.17% | 18.08% | -3.91% |
Frequently Asked Questions
With a correlation of 0.93, JGLO and ^GSPC 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.
^GSPC has higher volatility (4.89%) compared to JGLO (4.77%). In terms of maximum drawdown, JGLO dropped -16.12% vs ^GSPC's -56.78%.
^GSPC currently has the higher Sharpe Ratio (1.78 vs 1.08), 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.
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