JMEE vs. RB

Last updated Jun 4, 2026

JMEE (JPMorgan Small & Mid Cap Enhanced Equity ETF) and RB (ProShares Russell 2000 Dynamic Daily Buffer ETF) are both exchange-traded funds - JMEE is a Small Cap Blend Equities fund actively managed by JPMorgan, while RB is a Defined Outcome fund tracking the Russell 2000. JMEE is actively managed, while RB is passively managed. A 0.76 correlation means they provide meaningful diversification when combined. JMEE charges 0.24%/yr vs 0.58%/yr for RB.

Performance

JMEE vs. RB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Small & Mid Cap Enhanced Equity ETF (JMEE) and ProShares Russell 2000 Dynamic Daily Buffer ETF (RB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JMEE achieves a 16.40% return, which is significantly higher than RB's 6.76% return.

JMEE

• 1D: -0.27%
• 1M: 3.29%
• YTD: 16.40%
• 6M: 16.48%
• 1Y: 31.14%
• 3Y*: 17.37%
• 5Y*: —
• 10Y*: —

RB

• 1D: -0.17%
• 1M: 1.63%
• YTD: 6.76%
• 6M: 8.48%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JMEE vs. RB - Yearly Performance Comparison

	2026 (YTD)	2025
JMEE JPMorgan Small & Mid Cap Enhanced Equity ETF	16.40%	10.09%
RB ProShares Russell 2000 Dynamic Daily Buffer ETF	6.76%	10.58%

Correlation

The correlation between JMEE and RB is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 27, 2025	0.76

Return for Risk

JMEE vs. RB — Risk / Return Rank

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

JMEE

JMEE Risk / Return Rank: 64
JMEE Sharpe Ratio Rank: 58
JMEE Sortino Ratio Rank: 60
JMEE Omega Ratio Rank: 56
JMEE Calmar Ratio Rank: 75
JMEE Martin Ratio Rank: 72

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. RB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Small & Mid Cap Enhanced Equity ETF (JMEE) and ProShares Russell 2000 Dynamic Daily Buffer ETF (RB). 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.

	JMEE	RB	Difference
Sharpe ratio: Return per unit of total volatility	1.97	—	—
Sortino ratio: Return per unit of downside risk	2.83	—	—
Omega ratio: Gain probability vs. loss probability	1.35	—	—
Calmar ratio: Return relative to maximum drawdown	3.80	—	—
Martin ratio: Return relative to average drawdown	13.32	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	JMEE	RB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.97	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.72	3.15	-2.42

Drawdowns

JMEE vs. RB - Drawdown Comparison

The maximum JMEE drawdown since its inception was -25.40%, which is greater than RB's maximum drawdown of -1.70%. Use the drawdown chart below to compare losses from any high point for JMEE and RB.

Drawdown Indicators

	JMEE	RB	Difference
Max Drawdown Largest peak-to-trough decline	-25.40%	-1.70%	-23.70%
Max Drawdown (1Y) Largest decline over 1 year	-8.24%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-25.40%	—	—
Current Drawdown Current decline from peak	-0.27%	-0.47%	+0.20%
Average Drawdown Average peak-to-trough decline	-5.39%	-0.41%	-4.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.34%	—	—

Volatility

Volatility by Period

	JMEE	RB	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.45%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.26%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	15.90%	6.21%	+9.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.50%	6.21%	+13.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.50%	6.21%	+13.29%

JMEE vs. RB - Expense Ratio Comparison

JMEE has a 0.24% expense ratio, which is lower than RB's 0.58% expense ratio.

Dividends

JMEE vs. RB - Dividend Comparison

JMEE's dividend yield for the trailing twelve months is around 0.97%, less than RB's 2.00% yield.

Position	TTM	2025	2024	2023	2022
JMEE JPMorgan Small & Mid Cap Enhanced Equity ETF	0.97%	1.13%	0.95%	1.25%	6.63%
RB ProShares Russell 2000 Dynamic Daily Buffer ETF	2.00%	1.78%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JMEE and RB in my portfolio?

JMEE and RB have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, JMEE or RB?

On fees, JMEE is cheaper at 0.24% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JMEE or RB?

JMEE is cheaper with a 0.24% expense ratio, compared with 0.58% for RB.

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

RB has the higher dividend yield at 2.00%, compared with 0.97% for JMEE.

What is the main difference between JMEE and RB?

JMEE is categorized as Small Cap Blend Equities, while RB is Defined Outcome. They also come from different issuers: JPMorgan and ProShares. Their fees differ too: 0.24% for JMEE and 0.58% for RB.