JGRO vs. IYW
JGRO (JPMorgan Active Growth ETF) and IYW (iShares U.S. Technology ETF) are both exchange-traded funds - JGRO is a Large Cap Growth Equities fund actively managed by JPMorgan, while IYW is a Technology Equities fund tracking the Russell 1000 Technology RIC 22.5/45 Capped Index. JGRO is actively managed, while IYW is passively managed. Over the past 3 years, JGRO returned 22.94%/yr vs 35.17%/yr for IYW. With a 0.96 correlation, they move nearly in lockstep. JGRO charges 0.44%/yr vs 0.38%/yr for IYW.
Performance
JGRO vs. IYW - Performance Comparison
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Returns By Period
In the year-to-date period, JGRO achieves a 6.37% return, which is significantly lower than IYW's 28.46% return.
JGRO
- 1D
- 0.10%
- 1M
- 4.31%
- YTD
- 6.37%
- 6M
- 4.65%
- 1Y
- 20.41%
- 3Y*
- 22.94%
- 5Y*
- —
- 10Y*
- —
IYW
- 1D
- -0.44%
- 1M
- 13.87%
- YTD
- 28.46%
- 6M
- 27.22%
- 1Y
- 58.25%
- 3Y*
- 35.17%
- 5Y*
- 22.76%
- 10Y*
- 26.00%
JGRO vs. IYW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
JGRO JPMorgan Active Growth ETF | 6.37% | 14.71% | 32.77% | 37.74% | -10.03% |
IYW iShares U.S. Technology ETF | 28.46% | 25.38% | 30.25% | 65.44% | -16.69% |
Correlation
The correlation between JGRO and IYW 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 (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Aug 10, 2022 | 0.96 |
The correlation between JGRO and IYW has been stable across timeframes, ranging from 0.93 to 0.96 - a consistent structural relationship.
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Return for Risk
JGRO vs. IYW — Risk / Return Rank
JGRO
IYW
JGRO vs. IYW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Active Growth ETF (JGRO) and iShares U.S. Technology ETF (IYW). 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.
| JGRO | IYW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.58 | ||
| Sortino ratioReturn per unit of downside risk | -1.78 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.47 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 1.25 | 3.29 | -2.04 |
| Martin ratioReturn relative to average drawdown | 3.76 | 10.76 | -7.00 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| JGRO | IYW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.33 | 2.92 | -1.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.88 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.04 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.01 | 0.35 | +0.66 |
Drawdowns
JGRO vs. IYW - Drawdown Comparison
The maximum JGRO drawdown since its inception was -22.70%, smaller than the maximum IYW drawdown of -81.90%. Use the drawdown chart below to compare losses from any high point for JGRO and IYW.
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Drawdown Indicators
| JGRO | IYW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.70% | -81.90% | +59.20% |
Max Drawdown (1Y)Largest decline over 1 year | -16.44% | -17.81% | +1.37% |
Max Drawdown (3Y)Largest decline over 3 years | -22.70% | -26.47% | +3.77% |
Max Drawdown (5Y)Largest decline over 5 years | — | -39.44% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.44% | — |
Current DrawdownCurrent decline from peak | -0.79% | -1.35% | +0.56% |
Average DrawdownAverage peak-to-trough decline | -4.85% | -34.65% | +29.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.44% | 5.43% | +0.01% |
Volatility
JGRO vs. IYW - Volatility Comparison
The current volatility for JPMorgan Active Growth ETF (JGRO) is 3.76%, while iShares U.S. Technology ETF (IYW) has a volatility of 6.28%. This indicates that JGRO experiences smaller price fluctuations and is considered to be less risky than IYW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JGRO | IYW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.76% | 6.28% | -2.52% |
Volatility (6M)Calculated over the trailing 6-month period | 11.42% | 15.84% | -4.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.40% | 20.07% | -4.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.88% | 25.86% | -5.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.88% | 25.09% | -5.21% |
JGRO vs. IYW - Expense Ratio Comparison
JGRO has a 0.44% expense ratio, which is higher than IYW's 0.38% expense ratio.
Dividends
JGRO vs. IYW - Dividend Comparison
JGRO's dividend yield for the trailing twelve months is around 0.15%, more than IYW's 0.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IYW iShares U.S. Technology ETF | 0.11% | 0.14% | 0.21% | 0.34% | 0.50% | 0.31% | 0.56% | 0.72% | 0.92% | 0.82% | 1.14% | 1.12% |
JGRO JPMorgan Active Growth ETF | 0.15% | 0.16% | 0.10% | 0.17% | 0.16% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.93, JGRO and IYW 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.
IYW has higher volatility (6.28%) compared to JGRO (3.76%). In terms of maximum drawdown, JGRO dropped -22.70% vs IYW's -81.90%.
On 3-year performance, IYW leads with 35.17% vs 22.94% for JGRO. On fees, IYW is cheaper at 0.38% per year. On volatility, JGRO has been the lower-risk option at 3.76%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, IYW has performed better with a 35.17% return vs 22.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IYW is cheaper with a 0.38% expense ratio, compared with 0.44% for JGRO.
JGRO has the higher dividend yield at 0.15%, compared with 0.11% for IYW.
JGRO is categorized as Large Cap Growth Equities, while IYW is Technology Equities. They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.44% for JGRO and 0.38% for IYW.
IYW currently has the higher Sharpe Ratio (2.92 vs 1.33), 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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