JMMF vs. PWER

Last updated Aug 2, 2026

JMMF (JPMorgan 100% U.S. Treasury Securities Money Market ETF) and PWER (Macquarie Energy Transition ETF) are both exchange-traded funds - JMMF is a Money Market fund actively managed by JPMorgan, while PWER is a Alternative Energy Equities fund actively managed by Macquarie. Both are actively managed. Their -0.15 correlation means they have often moved in opposite directions in the past. JMMF charges 0.16%/yr vs 0.80%/yr for PWER.

Performance

JMMF vs. PWER - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan 100% U.S. Treasury Securities Money Market ETF (JMMF) and Macquarie Energy Transition ETF (PWER). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JMMF achieves a 2.03% return, which is significantly lower than PWER's 20.08% return.

JMMF

• 1D: 0.05%
• 1M: 0.29%
• 6M: 1.81%
• YTD: 2.03%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

PWER

• 1D: 0.73%
• 1M: 4.71%
• 6M: 9.41%
• YTD: 20.08%
• 1Y: 47.41%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 22.37%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
JMMF JPMorgan 100% U.S. Treasury Securities Money Market ETF	$727.29K	$634.56K	$536.73K
PWER Macquarie Energy Transition ETF	$21.47K	$15.89K	$31.95K

JMMF vs. PWER - Yearly Performance Comparison

	2026 (YTD)	2025
JMMF JPMorgan 100% U.S. Treasury Securities Money Market ETF	2.03%	0.17%
PWER Macquarie Energy Transition ETF	20.08%	0.65%

Correlation

The correlation between JMMF and PWER is -0.15, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 11, 2025	-0.15

Return for Risk

JMMF vs. PWER — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

JMMF

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

PWER

PWER Risk / Return Rank: 83
PWER Sharpe Ratio Rank: 88
PWER Sortino Ratio Rank: 82
PWER Omega Ratio Rank: 84
PWER Calmar Ratio Rank: 86
PWER Martin Ratio Rank: 76

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

JMMF vs. PWER - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan 100% U.S. Treasury Securities Money Market ETF (JMMF) and Macquarie Energy Transition ETF (PWER). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	JMMF	PWER	Difference
Sharpe ratio: Return per unit of total volatility	—	2.11	—
Sortino ratio: Return per unit of downside risk	—	2.68	—
Omega ratio: Gain probability vs. loss probability	—	1.36	—
Calmar ratio: Return relative to maximum drawdown	—	3.33	—
Martin ratio: Return relative to average drawdown	—	9.51	—

Drawdowns

JMMF vs. PWER - Drawdown Comparison

The maximum JMMF drawdown since its inception was -0.14%, smaller than the maximum PWER drawdown of -29.68%. Use the drawdown chart below to compare losses from any high point for JMMF and PWER.

Drawdown Indicators

	JMMF	PWER	Difference
Max Drawdown Largest peak-to-trough decline	-0.14%	-29.68%	+29.54%
Max Drawdown (1Y) Largest decline over 1 year	—	-13.70%	—
Current Drawdown Current decline from peak	0.00%	-9.50%	+9.50%
Average Drawdown Average peak-to-trough decline	-0.01%	-6.47%	+6.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.78%	—

Volatility

Volatility by Period

	JMMF	PWER	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.16%	—
Volatility (6M) Calculated over the trailing 6-month period	—	17.44%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.50%	21.56%	-21.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.50%	23.54%	-23.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.50%	23.54%	-23.04%

JMMF vs. PWER - Expense Ratio Comparison

JMMF has a 0.16% expense ratio, which is lower than PWER's 0.80% expense ratio.

Dividends

JMMF vs. PWER - Dividend Comparison

JMMF's dividend yield for the trailing twelve months is around 2.20%, more than PWER's 0.80% yield.

Position	TTM	2025	2024	2023
JMMF JPMorgan 100% U.S. Treasury Securities Money Market ETF	2.20%	0.20%	0.00%	0.00%
PWER Macquarie Energy Transition ETF	0.80%	1.37%	1.05%	0.06%

Frequently Asked Questions

Can I hold both JMMF and PWER in my portfolio?

JMMF and PWER have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, JMMF or PWER?

On fees, JMMF is cheaper at 0.16% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JMMF or PWER?

JMMF is cheaper with a 0.16% expense ratio, compared with 0.80% for PWER.

Which ETF pays a higher dividend yield, JMMF or PWER?

JMMF has the higher dividend yield at 2.20%, compared with 0.80% for PWER.

What is the main difference between JMMF and PWER?

JMMF is categorized as Money Market, while PWER is Alternative Energy Equities. They also come from different issuers: JPMorgan and Macquarie. Their fees differ too: 0.16% for JMMF and 0.80% for PWER.