Correlation
The correlation between JMEE and GRPM is 0.81, 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.
JMEE vs. GRPM
Compare and contrast key facts about JPMorgan Market Expansion Enhanced Equity ETF (JMEE) and Invesco S&P MidCap 400® GARP ETF (GRPM).
JMEE and GRPM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JMEE is an actively managed fund by JPMorgan. It was launched on Jul 31, 1998. GRPM is a passively managed fund by Invesco that tracks the performance of the S&P MidCap 400® GARP Index. It was launched on Dec 3, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JMEE or GRPM.
Performance
JMEE vs. GRPM - Performance Comparison
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Key characteristics
JMEE:
0.06
GRPM:
-0.39
JMEE:
0.23
GRPM:
-0.43
JMEE:
1.03
GRPM:
0.95
JMEE:
0.04
GRPM:
-0.36
JMEE:
0.12
GRPM:
-0.91
JMEE:
8.82%
GRPM:
10.99%
JMEE:
22.21%
GRPM:
25.20%
JMEE:
-25.40%
GRPM:
-43.12%
JMEE:
-13.05%
GRPM:
-17.04%
Returns By Period
In the year-to-date period, JMEE achieves a -5.42% return, which is significantly higher than GRPM's -7.16% return.
JMEE
-5.42%
4.74%
-12.50%
0.07%
6.98%
N/A
N/A
GRPM
-7.16%
3.18%
-16.33%
-10.82%
7.64%
14.10%
8.34%
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JMEE vs. GRPM - Expense Ratio Comparison
JMEE has a 0.24% expense ratio, which is lower than GRPM's 0.35% expense ratio.
Risk-Adjusted Performance
JMEE vs. GRPM — Risk-Adjusted Performance Rank
JMEE
GRPM
JMEE vs. GRPM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Market Expansion Enhanced Equity ETF (JMEE) and Invesco S&P MidCap 400® GARP ETF (GRPM). 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.
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Dividends
JMEE vs. GRPM - Dividend Comparison
JMEE's dividend yield for the trailing twelve months is around 1.01%, less than GRPM's 1.15% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JMEE JPMorgan Market Expansion Enhanced Equity ETF | 1.01% | 0.95% | 1.25% | 6.63% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GRPM Invesco S&P MidCap 400® GARP ETF | 1.15% | 0.95% | 0.96% | 1.28% | 0.92% | 1.16% | 1.25% | 1.50% | 1.14% | 1.00% | 1.43% | 1.28% |
Drawdowns
JMEE vs. GRPM - Drawdown Comparison
The maximum JMEE drawdown since its inception was -25.40%, smaller than the maximum GRPM drawdown of -43.12%. Use the drawdown chart below to compare losses from any high point for JMEE and GRPM.
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Volatility
JMEE vs. GRPM - Volatility Comparison
The current volatility for JPMorgan Market Expansion Enhanced Equity ETF (JMEE) is 6.01%, while Invesco S&P MidCap 400® GARP ETF (GRPM) has a volatility of 6.39%. This indicates that JMEE experiences smaller price fluctuations and is considered to be less risky than GRPM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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