JIVE vs. ^GSPC
Compare and contrast key facts about Jpmorgan International Value ETF (JIVE) and S&P 500 (^GSPC).
JIVE is an actively managed fund by JPMorgan. It was launched on Sep 13, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JIVE or ^GSPC.
Key characteristics
| JIVE | ^GSPC | |
|---|---|---|
| YTD Return | 14.36% | 17.79% |
| 1Y Return | 19.49% | 26.42% |
| Sharpe Ratio | 1.56 | 2.06 |
| Daily Std Dev | 13.15% | 12.69% |
| Max Drawdown | -7.77% | -56.78% |
| Current Drawdown | -1.13% | -0.86% |
Correlation
The correlation between JIVE and ^GSPC is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
JIVE vs. ^GSPC - Performance Comparison
In the year-to-date period, JIVE achieves a 14.36% return, which is significantly lower than ^GSPC's 17.79% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
JIVE vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Jpmorgan International Value ETF (JIVE) and S&P 500 (^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.
Drawdowns
JIVE vs. ^GSPC - Drawdown Comparison
The maximum JIVE drawdown since its inception was -7.77%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for JIVE and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
JIVE vs. ^GSPC - Volatility Comparison
Jpmorgan International Value ETF (JIVE) has a higher volatility of 4.24% compared to S&P 500 (^GSPC) at 3.99%. This indicates that JIVE's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.