JMEE vs. SPMD
Compare and contrast key facts about JPMorgan Market Expansion Enhanced Equity ETF (JMEE) and SPDR Portfolio S&P 400 Mid Cap ETF (SPMD).
JMEE and SPMD 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. SPMD is a passively managed fund by State Street that tracks the performance of the S&P MidCap 400 Index. It was launched on Nov 8, 2005.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JMEE or SPMD.
Key characteristics
| JMEE | SPMD | |
|---|---|---|
| YTD Return | 11.38% | 11.60% |
| 1Y Return | 22.28% | 21.68% |
| Sharpe Ratio | 1.30 | 1.29 |
| Daily Std Dev | 17.03% | 16.71% |
| Max Drawdown | -16.61% | -57.62% |
| Current Drawdown | -1.30% | -1.06% |
Correlation
The correlation between JMEE and SPMD is 0.99, 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.
Performance
JMEE vs. SPMD - Performance Comparison
The year-to-date returns for both investments are quite close, with JMEE having a 11.38% return and SPMD slightly higher at 11.60%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
JMEE vs. SPMD - Expense Ratio Comparison
JMEE has a 0.24% expense ratio, which is higher than SPMD's 0.05% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
JMEE vs. SPMD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Market Expansion Enhanced Equity ETF (JMEE) and SPDR Portfolio S&P 400 Mid Cap ETF (SPMD). 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.
Dividends
JMEE vs. SPMD - Dividend Comparison
JMEE's dividend yield for the trailing twelve months is around 1.12%, more than SPMD's 1.03% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JMEE JPMorgan Market Expansion Enhanced Equity ETF | 1.12% | 1.25% | 6.63% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPMD SPDR Portfolio S&P 400 Mid Cap ETF | 1.03% | 1.47% | 1.64% | 1.24% | 1.30% | 1.57% | 1.85% | 1.97% | 2.13% | 5.33% | 5.71% | 10.67% |
Drawdowns
JMEE vs. SPMD - Drawdown Comparison
The maximum JMEE drawdown since its inception was -16.61%, smaller than the maximum SPMD drawdown of -57.62%. Use the drawdown chart below to compare losses from any high point for JMEE and SPMD. For additional features, visit the drawdowns tool.
Volatility
JMEE vs. SPMD - Volatility Comparison
JPMorgan Market Expansion Enhanced Equity ETF (JMEE) has a higher volatility of 5.25% compared to SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) at 4.89%. This indicates that JMEE's price experiences larger fluctuations and is considered to be riskier than SPMD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.