JLPSX vs. SPY
Compare and contrast key facts about JPMorgan U.S. Large Cap Core Plus Fund (JLPSX) and State Street SPDR S&P 500 ETF (SPY).
JLPSX is managed by JPMorgan. It was launched on Nov 1, 2005. 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.
Performance
JLPSX vs. SPY - Performance Comparison
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JLPSX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JLPSX JPMorgan U.S. Large Cap Core Plus Fund | -6.67% | 14.83% | 37.27% | 29.98% | -18.34% | 28.75% | 26.10% | 29.96% | -7.15% | 21.43% |
SPY State Street SPDR S&P 500 ETF | -3.65% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, JLPSX achieves a -6.67% return, which is significantly lower than SPY's -3.65% return. Over the past 10 years, JLPSX has outperformed SPY with an annualized return of 15.26%, while SPY has yielded a comparatively lower 14.06% annualized return.
JLPSX
- 1D
- 3.05%
- 1M
- -5.34%
- YTD
- -6.67%
- 6M
- -4.59%
- 1Y
- 12.84%
- 3Y*
- 21.12%
- 5Y*
- 13.31%
- 10Y*
- 15.26%
SPY
- 1D
- 0.75%
- 1M
- -4.28%
- YTD
- -3.65%
- 6M
- -1.42%
- 1Y
- 18.14%
- 3Y*
- 18.48%
- 5Y*
- 11.86%
- 10Y*
- 14.06%
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JLPSX vs. SPY - Expense Ratio Comparison
JLPSX has a 1.45% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
JLPSX vs. SPY — Risk / Return Rank
JLPSX
SPY
JLPSX vs. SPY - 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 State Street 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.
| JLPSX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.73 | 0.96 | -0.22 |
Sortino ratioReturn per unit of downside risk | 1.16 | 1.49 | -0.33 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.23 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.18 | 1.53 | -0.35 |
Martin ratioReturn relative to average drawdown | 4.57 | 7.27 | -2.70 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| JLPSX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.73 | 0.96 | -0.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.76 | 0.70 | +0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.68 | 0.79 | -0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.56 | 0.00 |
Correlation
The correlation between JLPSX and SPY is 0.97, 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.
Dividends
JLPSX vs. SPY - Dividend Comparison
JLPSX's dividend yield for the trailing twelve months is around 3.19%, more than SPY's 1.13% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JLPSX JPMorgan U.S. Large Cap Core Plus Fund | 3.19% | 2.98% | 12.87% | 11.67% | 32.43% | 28.14% | 28.69% | 22.82% | 17.84% | 13.85% | 4.73% | 9.24% |
SPY State Street SPDR S&P 500 ETF | 1.13% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
JLPSX vs. SPY - Drawdown Comparison
The maximum JLPSX drawdown since its inception was -51.33%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for JLPSX and SPY.
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Drawdown Indicators
| JLPSX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.33% | -55.19% | +3.86% |
Max Drawdown (1Y)Largest decline over 1 year | -11.71% | -12.05% | +0.34% |
Max Drawdown (5Y)Largest decline over 5 years | -25.68% | -24.50% | -1.18% |
Max Drawdown (10Y)Largest decline over 10 years | -35.09% | -33.72% | -1.37% |
Current DrawdownCurrent decline from peak | -8.35% | -5.53% | -2.82% |
Average DrawdownAverage peak-to-trough decline | -7.00% | -9.09% | +2.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.03% | 2.54% | +0.49% |
Volatility
JLPSX vs. SPY - Volatility Comparison
JPMorgan U.S. Large Cap Core Plus Fund (JLPSX) has a higher volatility of 5.82% compared to State Street SPDR S&P 500 ETF (SPY) at 5.35%. This indicates that JLPSX'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.
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Volatility by Period
| JLPSX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.82% | 5.35% | +0.47% |
Volatility (6M)Calculated over the trailing 6-month period | 9.81% | 9.50% | +0.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.41% | 19.06% | -0.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.60% | 17.06% | +0.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.40% | 17.92% | +4.48% |