JMEE vs. SPY
Compare and contrast key facts about JPMorgan Market Expansion Enhanced Equity ETF (JMEE) and SPDR S&P 500 ETF (SPY).
JMEE and SPY 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. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JMEE or SPY.
Correlation
The correlation between JMEE and SPY is 0.83, 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. SPY - Performance Comparison
Key characteristics
JMEE:
0.80
SPY:
1.87
JMEE:
1.24
SPY:
2.52
JMEE:
1.15
SPY:
1.35
JMEE:
1.45
SPY:
2.81
JMEE:
3.44
SPY:
11.69
JMEE:
3.74%
SPY:
2.02%
JMEE:
16.10%
SPY:
12.65%
JMEE:
-16.61%
SPY:
-55.19%
JMEE:
-6.00%
SPY:
0.00%
Returns By Period
In the year-to-date period, JMEE achieves a 2.25% return, which is significantly lower than SPY's 4.58% return.
JMEE
2.25%
-1.28%
5.20%
14.90%
N/A
N/A
SPY
4.58%
2.57%
10.04%
24.97%
14.73%
13.23%
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JMEE vs. SPY - Expense Ratio Comparison
JMEE has a 0.24% expense ratio, which is higher than SPY's 0.09% 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. SPY — Risk-Adjusted Performance Rank
JMEE
SPY
JMEE vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Market Expansion Enhanced Equity ETF (JMEE) and 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.
Dividends
JMEE vs. SPY - Dividend Comparison
JMEE's dividend yield for the trailing twelve months is around 0.93%, less than SPY's 1.15% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JMEE JPMorgan Market Expansion Enhanced Equity ETF | 0.93% | 0.95% | 1.25% | 6.63% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.15% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
JMEE vs. SPY - Drawdown Comparison
The maximum JMEE drawdown since its inception was -16.61%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for JMEE and SPY. For additional features, visit the drawdowns tool.
Volatility
JMEE vs. SPY - Volatility Comparison
JPMorgan Market Expansion Enhanced Equity ETF (JMEE) has a higher volatility of 3.65% compared to SPDR S&P 500 ETF (SPY) at 3.00%. This indicates that JMEE'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.