JIRE vs. VOO
Compare and contrast key facts about JPMorgan International Research Enhanced Equity ETF (JIRE) and Vanguard S&P 500 ETF (VOO).
JIRE and VOO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JIRE is an actively managed fund by JPMorgan. It was launched on Oct 28, 1992. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JIRE or VOO.
Performance
JIRE vs. VOO - Performance Comparison
Returns By Period
In the year-to-date period, JIRE achieves a 3.83% return, which is significantly lower than VOO's 25.52% return.
JIRE
3.83%
-5.20%
-4.47%
9.78%
N/A
N/A
VOO
25.52%
1.19%
12.21%
32.23%
15.58%
13.15%
Key characteristics
| JIRE | VOO | |
|---|---|---|
| Sharpe Ratio | 0.71 | 2.62 |
| Sortino Ratio | 1.07 | 3.50 |
| Omega Ratio | 1.13 | 1.49 |
| Calmar Ratio | 1.02 | 3.78 |
| Martin Ratio | 3.25 | 17.12 |
| Ulcer Index | 2.90% | 1.86% |
| Daily Std Dev | 13.21% | 12.19% |
| Max Drawdown | -16.11% | -33.99% |
| Current Drawdown | -9.23% | -1.36% |
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JIRE vs. VOO - Expense Ratio Comparison
JIRE has a 0.24% expense ratio, which is higher than VOO's 0.03% 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%.
Correlation
The correlation between JIRE and VOO is 0.75, 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.
Risk-Adjusted Performance
JIRE vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan International Research Enhanced Equity ETF (JIRE) and Vanguard S&P 500 ETF (VOO). 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
JIRE vs. VOO - Dividend Comparison
JIRE's dividend yield for the trailing twelve months is around 2.64%, more than VOO's 1.25% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JIRE JPMorgan International Research Enhanced Equity ETF | 2.64% | 2.74% | 2.62% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.25% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
JIRE vs. VOO - Drawdown Comparison
The maximum JIRE drawdown since its inception was -16.11%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for JIRE and VOO. For additional features, visit the drawdowns tool.
Volatility
JIRE vs. VOO - Volatility Comparison
JPMorgan International Research Enhanced Equity ETF (JIRE) has a higher volatility of 4.32% compared to Vanguard S&P 500 ETF (VOO) at 4.10%. This indicates that JIRE's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.