JIVE vs. JIRE

Last updated Aug 2, 2026

JIVE (JPMorgan International Value ETF) and JIRE (JPMorgan International Research Enhanced Equity ETF) are both Foreign Large Cap Equities funds from JPMorgan. Both are actively managed. Over the past year, JIVE returned 41.61% vs 24.56% for JIRE. Their correlation of 0.90 means they have usually moved in the same direction. JIVE charges 0.55%/yr vs 0.24%/yr for JIRE.

Performance

JIVE vs. JIRE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan International Value ETF (JIVE) and JPMorgan International Research Enhanced Equity ETF (JIRE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JIVE achieves a 19.28% return, which is significantly higher than JIRE's 11.46% return.

JIVE

• 1D: -0.46%
• 1M: 3.79%
• 6M: 10.74%
• YTD: 19.28%
• 1Y: 41.61%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 29.28%

JIRE

• 1D: -0.63%
• 1M: 0.81%
• 6M: 6.22%
• YTD: 11.46%
• 1Y: 24.56%
• 3Y*: 16.20%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 16.98%

*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)
JIRE JPMorgan International Research Enhanced Equity ETF	$46.29M	$36.24M	$38.13M
JIVE JPMorgan International Value ETF	$31.51M	$29.83M	$30.13M

JIVE vs. JIRE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
JIVE JPMorgan International Value ETF	19.28%	49.80%	11.22%	5.36%
JIRE JPMorgan International Research Enhanced Equity ETF	11.46%	31.83%	3.15%	7.50%

Correlation

The correlation between JIVE and JIRE is 0.92, 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.	0.92
Correlation (All Time) Calculated using the full available price history since Sep 14, 2023	0.90

The correlation between JIVE and JIRE has been stable across timeframes, ranging from 0.90 to 0.92 - a consistent structural relationship.

JIVE vs. JIRE - Sectors Allocation Comparison

Sectors	JIVE	JIRE
Financial Services	39.0%	25.8%
Technology	12.7%	14.3%
Industrials	10.2%	18.2%
Energy	9.5%	3.0%
Consumer Cyclical	5.9%	8.1%
Basic Materials	5.1%	5.1%
Healthcare	4.6%	9.9%
Consumer Defensive	4.3%	6.6%
Communication Services	4.1%	4.0%
Utilities	2.5%	4.3%
Real Estate	2.3%	0.9%

Return for Risk

JIVE vs. JIRE — Risk / Return Rank

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

JIVE

JIVE Risk / Return Rank: 93
JIVE Sharpe Ratio Rank: 95
JIVE Sortino Ratio Rank: 93
JIVE Omega Ratio Rank: 93
JIVE Calmar Ratio Rank: 91
JIVE Martin Ratio Rank: 91

JIRE

JIRE Risk / Return Rank: 63
JIRE Sharpe Ratio Rank: 65
JIRE Sortino Ratio Rank: 67
JIRE Omega Ratio Rank: 63
JIRE Calmar Ratio Rank: 59
JIRE Martin Ratio Rank: 63

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.

JIVE vs. JIRE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan International Value ETF (JIVE) and JPMorgan International Research Enhanced Equity ETF (JIRE). 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.

	JIVE	JIRE	Difference
Sharpe ratio: Return per unit of total volatility	2.72	1.51	+1.21
Sortino ratio: Return per unit of downside risk	3.62	2.18	+1.45
Omega ratio: Gain probability vs. loss probability	1.49	1.27	+0.22
Calmar ratio: Return relative to maximum drawdown	3.94	2.07	+1.86
Martin ratio: Return relative to average drawdown	14.89	7.57	+7.33

JIVE vs. JIRE - Sharpe Ratio Comparison

The current JIVE Sharpe Ratio is 2.72, which is higher than the JIRE Sharpe Ratio of 1.51. The chart below compares the historical Sharpe Ratios of JIVE and JIRE, 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

JIVE vs. JIRE - Drawdown Comparison

The maximum JIVE drawdown since its inception was -13.79%, smaller than the maximum JIRE drawdown of -16.11%. Use the drawdown chart below to compare losses from any high point for JIVE and JIRE.

Drawdown Indicators

	JIVE	JIRE	Difference
Max Drawdown Largest peak-to-trough decline	-13.79%	-16.11%	+2.32%
Max Drawdown (1Y) Largest decline over 1 year	-10.57%	-11.77%	+1.20%
Max Drawdown (3Y) Largest decline over 3 years	—	-13.61%	—
Current Drawdown Current decline from peak	-0.46%	-0.63%	+0.17%
Average Drawdown Average peak-to-trough decline	-1.93%	-2.97%	+1.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.79%	3.22%	-0.43%

Volatility

JIVE vs. JIRE - Volatility Comparison

JPMorgan International Value ETF (JIVE) and JPMorgan International Research Enhanced Equity ETF (JIRE) have volatilities of 4.58% and 4.81%, 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.

Volatility by Period

	JIVE	JIRE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.58%	4.81%	-0.23%
Volatility (6M) Calculated over the trailing 6-month period	13.32%	13.99%	-0.67%
Volatility (1Y) Calculated over the trailing 1-year period	15.28%	16.17%	-0.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.12%	16.34%	-1.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.12%	16.34%	-1.22%

JIVE vs. JIRE - Expense Ratio Comparison

JIVE has a 0.55% expense ratio, which is higher than JIRE's 0.24% expense ratio.

Dividends

JIVE vs. JIRE - Dividend Comparison

JIVE's dividend yield for the trailing twelve months is around 2.41%, less than JIRE's 2.68% yield.

Position	TTM	2025	2024	2023	2022
JIRE JPMorgan International Research Enhanced Equity ETF	2.68%	2.99%	3.03%	2.74%	2.62%
JIVE JPMorgan International Value ETF	2.41%	2.88%	2.48%	0.74%	0.00%

Frequently Asked Questions

Can I hold both JIVE and JIRE in my portfolio?

With a correlation of 0.92, JIVE and JIRE 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, JIVE or JIRE?

JIRE has higher volatility (4.81%) compared to JIVE (4.58%). In terms of maximum drawdown, JIVE dropped -13.79% vs JIRE's -16.11%.

Which ETF is better, JIVE or JIRE?

On 1-year performance, JIVE leads with 41.61% vs 24.56% for JIRE. On fees, JIRE is cheaper at 0.24% per year. On volatility, JIVE has been the lower-risk option at 4.58%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JIVE or JIRE?

Over the 1-year period, JIVE has performed better with a 41.61% return vs 24.56%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JIVE or JIRE?

JIRE is cheaper with a 0.24% expense ratio, compared with 0.55% for JIVE.

Which ETF pays a higher dividend yield, JIVE or JIRE?

JIRE has the higher dividend yield at 2.68%, compared with 2.41% for JIVE.

What is the main difference between JIVE and JIRE?

Their fees differ too: 0.55% for JIVE and 0.24% for JIRE.

Which has better risk-adjusted returns?

JIVE currently has the higher Sharpe Ratio (2.72 vs 1.51), 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.