JMIEX vs. SPMO
Compare and contrast key facts about JPMorgan Emerging Markets Equity Fund (JMIEX) and Invesco S&P 500 Momentum ETF (SPMO).
JMIEX is managed by JPMorgan. It was launched on Nov 14, 1993. SPMO is a passively managed fund by Invesco that tracks the performance of the S&P 500 Momentum Index. It was launched on Oct 9, 2015.
Performance
JMIEX vs. SPMO - Performance Comparison
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JMIEX vs. SPMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JMIEX JPMorgan Emerging Markets Equity Fund | 4.17% | 40.27% | 3.48% | 7.32% | -25.68% | -10.29% | 34.88% | 32.04% | -15.91% | 42.70% |
SPMO Invesco S&P 500 Momentum ETF | -3.77% | 26.58% | 45.82% | 17.56% | -10.45% | 22.64% | 28.25% | 25.93% | -0.92% | 27.76% |
Returns By Period
In the year-to-date period, JMIEX achieves a 4.17% return, which is significantly higher than SPMO's -3.77% return. Over the past 10 years, JMIEX has underperformed SPMO with an annualized return of 9.48%, while SPMO has yielded a comparatively higher 17.41% annualized return.
JMIEX
- 1D
- 3.16%
- 1M
- -8.43%
- YTD
- 4.17%
- 6M
- 9.07%
- 1Y
- 40.07%
- 3Y*
- 15.60%
- 5Y*
- 1.63%
- 10Y*
- 9.48%
SPMO
- 1D
- 2.13%
- 1M
- -4.40%
- YTD
- -3.77%
- 6M
- -4.53%
- 1Y
- 23.97%
- 3Y*
- 29.27%
- 5Y*
- 17.66%
- 10Y*
- 17.41%
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JMIEX vs. SPMO - Expense Ratio Comparison
JMIEX has a 0.90% expense ratio, which is higher than SPMO's 0.13% expense ratio.
Return for Risk
JMIEX vs. SPMO — Risk / Return Rank
JMIEX
SPMO
JMIEX vs. SPMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Emerging Markets Equity Fund (JMIEX) and Invesco S&P 500 Momentum ETF (SPMO). 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.
| JMIEX | SPMO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.05 | 1.06 | +0.99 |
Sortino ratioReturn per unit of downside risk | 2.66 | 1.60 | +1.06 |
Omega ratioGain probability vs. loss probability | 1.39 | 1.24 | +0.15 |
Calmar ratioReturn relative to maximum drawdown | 3.20 | 1.96 | +1.24 |
Martin ratioReturn relative to average drawdown | 12.79 | 6.90 | +5.89 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| JMIEX | SPMO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.05 | 1.06 | +0.99 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.09 | 0.93 | -0.84 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.49 | 0.87 | -0.37 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.86 | -0.56 |
Correlation
The correlation between JMIEX and SPMO is 0.57, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
JMIEX vs. SPMO - Dividend Comparison
JMIEX's dividend yield for the trailing twelve months is around 1.31%, more than SPMO's 0.89% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JMIEX JPMorgan Emerging Markets Equity Fund | 1.31% | 1.36% | 1.51% | 1.56% | 0.54% | 3.89% | 0.14% | 0.81% | 0.95% | 0.44% | 0.81% | 0.98% |
SPMO Invesco S&P 500 Momentum ETF | 0.89% | 0.73% | 0.48% | 1.63% | 1.66% | 0.52% | 1.27% | 1.39% | 1.05% | 0.77% | 1.94% | 0.36% |
Drawdowns
JMIEX vs. SPMO - Drawdown Comparison
The maximum JMIEX drawdown since its inception was -62.02%, which is greater than SPMO's maximum drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for JMIEX and SPMO.
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Drawdown Indicators
| JMIEX | SPMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.02% | -30.95% | -31.07% |
Max Drawdown (1Y)Largest decline over 1 year | -12.56% | -12.70% | +0.14% |
Max Drawdown (5Y)Largest decline over 5 years | -44.85% | -22.74% | -22.11% |
Max Drawdown (10Y)Largest decline over 10 years | -49.51% | -30.95% | -18.56% |
Current DrawdownCurrent decline from peak | -9.79% | -7.31% | -2.48% |
Average DrawdownAverage peak-to-trough decline | -20.27% | -4.66% | -15.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.14% | 3.60% | -0.46% |
Volatility
JMIEX vs. SPMO - Volatility Comparison
JPMorgan Emerging Markets Equity Fund (JMIEX) has a higher volatility of 9.79% compared to Invesco S&P 500 Momentum ETF (SPMO) at 7.22%. This indicates that JMIEX's price experiences larger fluctuations and is considered to be riskier than SPMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JMIEX | SPMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.79% | 7.22% | +2.57% |
Volatility (6M)Calculated over the trailing 6-month period | 14.73% | 12.80% | +1.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.94% | 22.77% | -2.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.91% | 19.08% | -0.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.24% | 20.09% | -0.85% |