JMEE vs. XLG
Compare and contrast key facts about JPMorgan Market Expansion Enhanced Equity ETF (JMEE) and Invesco S&P 500® Top 50 ETF (XLG).
JMEE and XLG 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. XLG is a passively managed fund by Invesco that tracks the performance of the Russell Top 50 Index. It was launched on May 10, 2005.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JMEE or XLG.
Key characteristics
| JMEE | XLG | |
|---|---|---|
| YTD Return | 11.38% | 23.53% |
| 1Y Return | 22.28% | 32.17% |
| Sharpe Ratio | 1.30 | 2.17 |
| Daily Std Dev | 17.03% | 14.92% |
| Max Drawdown | -16.61% | -53.81% |
| Current Drawdown | -1.30% | -3.27% |
Correlation
The correlation between JMEE and XLG is 0.71, 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. XLG - Performance Comparison
In the year-to-date period, JMEE achieves a 11.38% return, which is significantly lower than XLG's 23.53% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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JMEE vs. XLG - Expense Ratio Comparison
JMEE has a 0.24% expense ratio, which is higher than XLG's 0.20% 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. XLG - 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 500® Top 50 ETF (XLG). 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. XLG - Dividend Comparison
JMEE's dividend yield for the trailing twelve months is around 1.12%, more than XLG's 0.59% 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% |
XLG Invesco S&P 500® Top 50 ETF | 0.59% | 0.97% | 1.34% | 0.94% | 1.25% | 1.58% | 2.00% | 1.85% | 2.00% | 2.09% | 1.97% | 1.97% |
Drawdowns
JMEE vs. XLG - Drawdown Comparison
The maximum JMEE drawdown since its inception was -16.61%, smaller than the maximum XLG drawdown of -53.81%. Use the drawdown chart below to compare losses from any high point for JMEE and XLG. For additional features, visit the drawdowns tool.
Volatility
JMEE vs. XLG - Volatility Comparison
JPMorgan Market Expansion Enhanced Equity ETF (JMEE) has a higher volatility of 5.25% compared to Invesco S&P 500® Top 50 ETF (XLG) at 4.81%. This indicates that JMEE's price experiences larger fluctuations and is considered to be riskier than XLG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.