JMHLY vs. VPU

Last updated Jun 4, 2026

JMHLY (Jardine Matheson Holdings Ltd PK) is a stock, while VPU (Vanguard Utilities ETF) is Utilities Equities fund tracking the MSCI US Investable Market Utilities 25/50 Index. Over the past 10 years, JMHLY returned 5.39%/yr vs 9.02%/yr for VPU. At a 0.14 correlation, their price movements are largely independent.

Performance

JMHLY vs. VPU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Jardine Matheson Holdings Ltd PK (JMHLY) and Vanguard Utilities ETF (VPU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JMHLY achieves a -3.21% return, which is significantly lower than VPU's 3.18% return. Over the past 10 years, JMHLY has underperformed VPU with an annualized return of 5.39%, while VPU has yielded a comparatively higher 9.02% annualized return.

JMHLY

• 1D: 0.60%
• 1M: -5.36%
• YTD: -3.21%
• 6M: -2.28%
• 1Y: 50.49%
• 3Y*: 15.27%
• 5Y*: 4.97%
• 10Y*: 5.39%

VPU

• 1D: -0.58%
• 1M: -5.40%
• YTD: 3.18%
• 6M: 1.27%
• 1Y: 9.60%
• 3Y*: 13.61%
• 5Y*: 9.11%
• 10Y*: 9.02%

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

JMHLY vs. VPU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JMHLY Jardine Matheson Holdings Ltd PK	-3.21%	75.14%	5.58%	-14.91%	-4.53%	0.90%	5.44%	-17.89%	16.46%	12.65%
VPU Vanguard Utilities ETF	3.18%	16.46%	23.04%	-7.45%	1.06%	17.40%	-0.74%	24.89%	4.38%	12.44%

Correlation

The correlation between JMHLY and VPU is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.05
Correlation (3Y) Calculated over the trailing 3-year period	0.07
Correlation (5Y) Calculated over the trailing 5-year period	0.08
Correlation (10Y) Calculated over the trailing 10-year period	0.08
Correlation (All Time) Calculated using the full available price history since Jul 16, 2007	0.14

Return for Risk

JMHLY vs. VPU — Risk / Return Rank

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

JMHLY

JMHLY Risk / Return Rank: 80
JMHLY Sharpe Ratio Rank: 82
JMHLY Sortino Ratio Rank: 79
JMHLY Omega Ratio Rank: 78
JMHLY Calmar Ratio Rank: 79
JMHLY Martin Ratio Rank: 84

VPU

VPU Risk / Return Rank: 20
VPU Sharpe Ratio Rank: 20
VPU Sortino Ratio Rank: 18
VPU Omega Ratio Rank: 19
VPU Calmar Ratio Rank: 23
VPU Martin Ratio Rank: 20

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.

JMHLY vs. VPU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Jardine Matheson Holdings Ltd PK (JMHLY) and Vanguard Utilities ETF (VPU). 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.

	JMHLY	VPU	Difference
Sharpe ratio Return per unit of total volatility	1.55	0.67	+0.88
Sortino ratio Return per unit of downside risk	2.23	1.00	+1.23
Omega ratio Gain probability vs. loss probability	1.29	1.12	+0.17
Calmar ratio Return relative to maximum drawdown	2.50	1.08	+1.42
Martin ratio Return relative to average drawdown	8.22	2.43	+5.79
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JMHLY vs. VPU - Sharpe Ratio Comparison

The current JMHLY Sharpe Ratio is 1.55, which is higher than the VPU Sharpe Ratio of 0.67. The chart below compares the historical Sharpe Ratios of JMHLY and VPU, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	JMHLY	VPU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.55	0.67	+0.88
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.19	0.54	-0.34
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.21	0.47	-0.26
Sharpe Ratio (All Time) Calculated using the full available price history	0.27	0.53	-0.26

Drawdowns

JMHLY vs. VPU - Drawdown Comparison

The maximum JMHLY drawdown since its inception was -57.39%, which is greater than VPU's maximum drawdown of -46.31%. Use the drawdown chart below to compare losses from any high point for JMHLY and VPU.

Drawdown Indicators

	JMHLY	VPU	Difference
Max Drawdown Largest peak-to-trough decline	-57.39%	-46.31%	-11.08%
Max Drawdown (1Y) Largest decline over 1 year	-20.26%	-8.90%	-11.36%
Max Drawdown (3Y) Largest decline over 3 years	-30.35%	-17.34%	-13.01%
Max Drawdown (5Y) Largest decline over 5 years	-39.41%	-25.15%	-14.26%
Max Drawdown (10Y) Largest decline over 10 years	-43.95%	-36.42%	-7.53%
Current Drawdown Current decline from peak	-19.61%	-7.26%	-12.35%
Average Drawdown Average peak-to-trough decline	-14.99%	-7.78%	-7.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.16%	3.96%	+2.20%

Volatility

JMHLY vs. VPU - Volatility Comparison

Jardine Matheson Holdings Ltd PK (JMHLY) has a higher volatility of 10.70% compared to Vanguard Utilities ETF (VPU) at 5.35%. This indicates that JMHLY's price experiences larger fluctuations and is considered to be riskier than VPU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JMHLY	VPU	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.70%	5.35%	+5.35%
Volatility (6M) Calculated over the trailing 6-month period	24.50%	11.36%	+13.14%
Volatility (1Y) Calculated over the trailing 1-year period	32.71%	14.30%	+18.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.77%	17.05%	+8.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.85%	19.12%	+6.73%

Dividends

JMHLY vs. VPU - Dividend Comparison

JMHLY's dividend yield for the trailing twelve months is around 3.64%, more than VPU's 2.69% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JMHLY Jardine Matheson Holdings Ltd PK	3.64%	3.29%	5.49%	5.34%	4.16%	2.93%	2.97%	2.93%	2.20%	3.03%	2.44%	2.81%
VPU Vanguard Utilities ETF	2.69%	2.73%	3.02%	3.49%	2.98%	2.70%	3.17%	2.83%	3.23%	3.18%	3.19%	3.63%

Frequently Asked Questions

Can I hold both JMHLY and VPU in my portfolio?

JMHLY and VPU have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JMHLY or VPU?

JMHLY has higher volatility (10.70%) compared to VPU (5.35%). In terms of maximum drawdown, JMHLY dropped -57.39% vs VPU's -46.31%.

Which has better risk-adjusted returns?

JMHLY currently has the higher Sharpe Ratio (1.55 vs 0.67), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.