JLPSX vs. ^GSPC
JLPSX (JPMorgan U.S. Large Cap Core Plus Fund) is Large Cap Blend Equities fund managed by JPMorgan, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, JLPSX returned 16.20%/yr vs 13.26%/yr for ^GSPC. Their 0.98 correlation means they have historically moved very closely together.
Performance
JLPSX vs. ^GSPC - Performance Comparison
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Returns By Period
In the year-to-date period, JLPSX achieves a 6.08% return, which is significantly lower than ^GSPC's 9.41% return. Over the past 10 years, JLPSX has outperformed ^GSPC with an annualized return of 16.20%, while ^GSPC has yielded a comparatively lower 13.26% annualized return.
JLPSX
- 1D
- 2.25%
- 1M
- -0.44%
- 6M
- 5.01%
- YTD
- 6.08%
- 1Y
- 14.79%
- 3Y*
- 21.32%
- 5Y*
- 14.16%
- 10Y*
- 16.20%
- ALL TIME*
- 12.77%
^GSPC
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
^GSPC S&P 500 Index | $37.98T | $37.61T | $41.48T |
| $0.00 | $0.00 | $0.00 |
JLPSX vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JLPSX JPMorgan U.S. Large Cap Core Plus Fund | 6.08% | 14.83% | 37.27% | 29.98% | -18.34% | 28.75% | 26.10% | 29.96% | -7.15% | 21.43% |
^GSPC S&P 500 Index | 9.41% | 16.39% | 23.31% | 24.23% | -19.44% | 26.89% | 16.26% | 28.88% | -6.24% | 19.42% |
Correlation
The correlation between JLPSX and ^GSPC is 0.97 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.97 |
Correlation (3Y) Balances recent behavior with more history. | 0.96 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.97 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.97 |
Correlation (All Time) Calculated using the full available price history since Nov 1, 2005 | 0.98 |
The correlation between JLPSX and ^GSPC has been stable across timeframes, ranging from 0.96 to 0.98 - a consistent structural relationship.
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Return for Risk
JLPSX vs. ^GSPC — Risk / Return Rank
JLPSX
^GSPC
JLPSX vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan U.S. Large Cap Core Plus Fund (JLPSX) and S&P 500 Index (^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.
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.
| JLPSX | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.48 | ||
| Sortino ratioReturn per unit of downside risk | -0.59 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.25 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.16 | 2.00 | -0.85 |
| Martin ratioReturn relative to average drawdown | 4.72 | 8.49 | -3.77 |
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Drawdowns
JLPSX vs. ^GSPC - Drawdown Comparison
The maximum JLPSX drawdown since its inception was -51.33%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for JLPSX and ^GSPC.
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Drawdown Indicators
| JLPSX | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.33% | -56.78% | +5.45% |
Max Drawdown (1Y)Largest decline over 1 year | -11.06% | -9.10% | -1.96% |
Max Drawdown (3Y)Largest decline over 3 years | -19.35% | -18.90% | -0.45% |
Max Drawdown (5Y)Largest decline over 5 years | -25.68% | -25.43% | -0.25% |
Max Drawdown (10Y)Largest decline over 10 years | -35.09% | -33.92% | -1.17% |
Current DrawdownCurrent decline from peak | -1.96% | -1.58% | -0.38% |
Average DrawdownAverage peak-to-trough decline | -6.91% | -10.70% | +3.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.70% | 2.14% | +0.56% |
Volatility
JLPSX vs. ^GSPC - Volatility Comparison
JPMorgan U.S. Large Cap Core Plus Fund (JLPSX) has a higher volatility of 4.06% compared to S&P 500 Index (^GSPC) at 3.51%. This indicates that JLPSX'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.
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Volatility by Period
| JLPSX | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.06% | 3.51% | +0.55% |
Volatility (6M)Calculated over the trailing 6-month period | 11.03% | 10.11% | +0.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.61% | 12.87% | +0.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.71% | 17.01% | +0.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.38% | 18.07% | +4.31% |
Frequently Asked Questions
With a correlation of 0.97, JLPSX and ^GSPC 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.
JLPSX has higher volatility (4.06%) compared to ^GSPC (3.51%). In terms of maximum drawdown, JLPSX dropped -51.33% vs ^GSPC's -56.78%.
^GSPC currently has the higher Sharpe Ratio (1.42 vs 0.94), 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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