JLGMX vs. SPY
Compare and contrast key facts about JPMorgan Large Cap Growth Fund Class R6 (JLGMX) and SPDR S&P 500 ETF (SPY).
JLGMX is a passively managed fund by JPMorgan that tracks the performance of the Russell 1000 Growth Index. It was launched on Nov 30, 2010. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both JLGMX and SPY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JLGMX or SPY.
Key characteristics
| JLGMX | SPY | |
|---|---|---|
| YTD Return | 34.93% | 26.83% |
| 1Y Return | 42.06% | 34.88% |
| 3Y Return (Ann) | 4.57% | 10.16% |
| 5Y Return (Ann) | 13.82% | 15.71% |
| 10Y Return (Ann) | 9.42% | 13.33% |
| Sharpe Ratio | 2.50 | 3.08 |
| Sortino Ratio | 3.26 | 4.10 |
| Omega Ratio | 1.45 | 1.58 |
| Calmar Ratio | 2.14 | 4.46 |
| Martin Ratio | 13.06 | 20.22 |
| Ulcer Index | 3.43% | 1.85% |
| Daily Std Dev | 17.91% | 12.18% |
| Max Drawdown | -39.64% | -55.19% |
| Current Drawdown | 0.00% | -0.26% |
Correlation
The correlation between JLGMX and SPY is 0.90, 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.
Performance
JLGMX vs. SPY - Performance Comparison
In the year-to-date period, JLGMX achieves a 34.93% return, which is significantly higher than SPY's 26.83% return. Over the past 10 years, JLGMX has underperformed SPY with an annualized return of 9.42%, while SPY has yielded a comparatively higher 13.33% annualized 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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JLGMX vs. SPY - Expense Ratio Comparison
JLGMX has a 0.44% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
JLGMX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Large Cap Growth Fund Class R6 (JLGMX) and SPDR S&P 500 ETF (SPY). 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
JLGMX vs. SPY - Dividend Comparison
JLGMX's dividend yield for the trailing twelve months is around 0.23%, less than SPY's 1.17% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JLGMX JPMorgan Large Cap Growth Fund Class R6 | 0.23% | 0.31% | 0.61% | 0.00% | 0.12% | 0.26% | 0.08% | 0.00% | 0.00% | 0.00% | 0.00% | 0.09% |
SPY SPDR S&P 500 ETF | 1.17% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
JLGMX vs. SPY - Drawdown Comparison
The maximum JLGMX drawdown since its inception was -39.64%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for JLGMX and SPY. For additional features, visit the drawdowns tool.
Volatility
JLGMX vs. SPY - Volatility Comparison
JPMorgan Large Cap Growth Fund Class R6 (JLGMX) has a higher volatility of 4.56% compared to SPDR S&P 500 ETF (SPY) at 3.77%. This indicates that JLGMX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.