JMOM vs. VOO
Compare and contrast key facts about JPMorgan U.S. Momentum Factor ETF (JMOM) and Vanguard S&P 500 ETF (VOO).
JMOM and VOO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JMOM is a passively managed fund by JPMorgan Chase that tracks the performance of the JP Morgan US Momentum Factor Index. It was launched on Nov 8, 2017. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both JMOM and VOO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JMOM or VOO.
Performance
JMOM vs. VOO - Performance Comparison
Returns By Period
In the year-to-date period, JMOM achieves a 31.34% return, which is significantly higher than VOO's 25.48% return.
JMOM
31.34%
1.71%
13.64%
38.97%
16.41%
N/A
VOO
25.48%
0.99%
11.84%
31.84%
15.62%
13.15%
Key characteristics
| JMOM | VOO | |
|---|---|---|
| Sharpe Ratio | 2.89 | 2.69 |
| Sortino Ratio | 3.92 | 3.59 |
| Omega Ratio | 1.51 | 1.50 |
| Calmar Ratio | 4.09 | 3.89 |
| Martin Ratio | 19.10 | 17.64 |
| Ulcer Index | 2.10% | 1.86% |
| Daily Std Dev | 13.87% | 12.20% |
| Max Drawdown | -34.31% | -33.99% |
| Current Drawdown | -2.04% | -1.40% |
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JMOM vs. VOO - Expense Ratio Comparison
JMOM has a 0.12% expense ratio, which is higher than VOO's 0.03% 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%.
Correlation
The correlation between JMOM and VOO is 0.86, 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.
Risk-Adjusted Performance
JMOM vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan U.S. Momentum Factor ETF (JMOM) and Vanguard S&P 500 ETF (VOO). 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
JMOM vs. VOO - Dividend Comparison
JMOM's dividend yield for the trailing twelve months is around 0.74%, less than VOO's 1.25% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JMOM JPMorgan U.S. Momentum Factor ETF | 0.74% | 1.21% | 1.38% | 0.64% | 0.85% | 1.11% | 1.38% | 0.30% | 0.00% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.25% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
JMOM vs. VOO - Drawdown Comparison
The maximum JMOM drawdown since its inception was -34.31%, roughly equal to the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for JMOM and VOO. For additional features, visit the drawdowns tool.
Volatility
JMOM vs. VOO - Volatility Comparison
JPMorgan U.S. Momentum Factor ETF (JMOM) has a higher volatility of 4.69% compared to Vanguard S&P 500 ETF (VOO) at 4.10%. This indicates that JMOM's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.