JMEE vs. AVSC

Last updated Jul 17, 2026

JMEE (JPMorgan Small & Mid Cap Enhanced Equity ETF) and AVSC (Avantis US Small Cap Equity ETF) are both Small Cap Blend Equities funds. Both are actively managed. Over the past 3 years, JMEE returned 15.49%/yr vs 17.28%/yr for AVSC. Their correlation of 0.95 suggests significant overlap in exposure. JMEE charges 0.24%/yr vs 0.25%/yr for AVSC.

Performance

JMEE vs. AVSC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Small & Mid Cap Enhanced Equity ETF (JMEE) and Avantis US Small Cap Equity ETF (AVSC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JMEE achieves a 19.43% return, which is significantly lower than AVSC's 25.77% return.

JMEE

• 1D: 0.48%
• 1M: 0.79%
• 6M: 12.12%
• YTD: 19.43%
• 1Y: 29.34%
• 3Y*: 15.49%
• 5Y*: —
• 10Y*: —

AVSC

• 1D: 0.95%
• 1M: 4.22%
• 6M: 16.71%
• YTD: 25.77%
• 1Y: 40.31%
• 3Y*: 17.28%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

JMEE vs. AVSC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
JMEE JPMorgan Small & Mid Cap Enhanced Equity ETF	19.43%	7.65%	13.65%	18.12%	0.09%
AVSC Avantis US Small Cap Equity ETF	25.77%	9.42%	7.75%	19.68%	-0.61%

Correlation

The correlation between JMEE and AVSC is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (All Time) Calculated using the full available price history since May 9, 2022	0.95

The correlation between JMEE and AVSC has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.

Return for Risk

JMEE vs. AVSC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JMEE

JMEE Risk / Return Rank: 76
JMEE Sharpe Ratio Rank: 72
JMEE Sortino Ratio Rank: 75
JMEE Omega Ratio Rank: 68
JMEE Calmar Ratio Rank: 83
JMEE Martin Ratio Rank: 81

AVSC

AVSC Risk / Return Rank: 88
AVSC Sharpe Ratio Rank: 88
AVSC Sortino Ratio Rank: 88
AVSC Omega Ratio Rank: 83
AVSC Calmar Ratio Rank: 93
AVSC Martin Ratio Rank: 90

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

JMEE vs. AVSC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Small & Mid Cap Enhanced Equity ETF (JMEE) and Avantis US Small Cap Equity ETF (AVSC). 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.

	JMEE	AVSC	Difference
Sharpe ratio: Return per unit of total volatility	1.84	2.29	-0.45
Sortino ratio: Return per unit of downside risk	2.68	3.29	-0.61
Omega ratio: Gain probability vs. loss probability	1.32	1.39	-0.07
Calmar ratio: Return relative to maximum drawdown	3.58	5.13	-1.56
Martin ratio: Return relative to average drawdown	12.43	16.14	-3.72

JMEE vs. AVSC - Sharpe Ratio Comparison

The current JMEE Sharpe Ratio is 1.84, which is comparable to the AVSC Sharpe Ratio of 2.29. The chart below compares the historical Sharpe Ratios of JMEE and AVSC, 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

JMEE vs. AVSC - Drawdown Comparison

The maximum JMEE drawdown since its inception was -25.40%, smaller than the maximum AVSC drawdown of -28.40%. Use the drawdown chart below to compare losses from any high point for JMEE and AVSC.

Drawdown Indicators

	JMEE	AVSC	Difference
Max Drawdown Largest peak-to-trough decline	-25.40%	-28.40%	+3.00%
Max Drawdown (1Y) Largest decline over 1 year	-8.24%	-7.89%	-0.35%
Max Drawdown (3Y) Largest decline over 3 years	-25.40%	-28.40%	+3.00%
Current Drawdown Current decline from peak	-1.46%	0.00%	-1.46%
Average Drawdown Average peak-to-trough decline	-5.27%	-7.26%	+1.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.37%	2.50%	-0.13%

Volatility

JMEE vs. AVSC - Volatility Comparison

JPMorgan Small & Mid Cap Enhanced Equity ETF (JMEE) and Avantis US Small Cap Equity ETF (AVSC) have volatilities of 3.47% and 3.54%, 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

	JMEE	AVSC	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.47%	3.54%	-0.07%
Volatility (6M) Calculated over the trailing 6-month period	11.61%	11.93%	-0.32%
Volatility (1Y) Calculated over the trailing 1-year period	16.04%	17.71%	-1.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.39%	22.17%	-2.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.39%	22.17%	-2.78%

JMEE vs. AVSC - Expense Ratio Comparison

JMEE has a 0.24% expense ratio, which is lower than AVSC's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

JMEE vs. AVSC - Dividend Comparison

JMEE's dividend yield for the trailing twelve months is around 0.94%, more than AVSC's 0.91% yield.

Position	TTM	2025	2024	2023	2022
AVSC Avantis US Small Cap Equity ETF	0.91%	1.16%	1.17%	1.42%	1.10%
JMEE JPMorgan Small & Mid Cap Enhanced Equity ETF	0.94%	1.13%	0.95%	1.25%	6.63%

Frequently Asked Questions

Can I hold both JMEE and AVSC in my portfolio?

With a correlation of 0.93, JMEE and AVSC 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, JMEE or AVSC?

AVSC has higher volatility (3.54%) compared to JMEE (3.47%). In terms of maximum drawdown, JMEE dropped -25.40% vs AVSC's -28.40%.

Which ETF is better, JMEE or AVSC?

On 3-year performance, AVSC leads with 17.28% vs 15.49% for JMEE. On fees, JMEE is cheaper at 0.24% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JMEE or AVSC?

Over the 3-year period, AVSC has performed better with a 17.28% return vs 15.49%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JMEE or AVSC?

JMEE is cheaper with a 0.24% expense ratio, compared with 0.25% for AVSC.

Which ETF pays a higher dividend yield, JMEE or AVSC?

JMEE has the higher dividend yield at 0.94%, compared with 0.91% for AVSC.

What is the main difference between JMEE and AVSC?

They also come from different issuers: JPMorgan and Avantis Investors. Their fees differ too: 0.24% for JMEE and 0.25% for AVSC.

Which has better risk-adjusted returns?

AVSC currently has the higher Sharpe Ratio (2.29 vs 1.84), 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.