JMUEX vs. SMGIX

Last updated Apr 1, 2026

Compare and contrast key facts about JPMorgan U.S. Equity Fund (JMUEX) and Columbia Contrarian Core Fund (SMGIX).

JMUEX is managed by JPMorgan. It was launched on Sep 17, 1993. SMGIX is managed by Columbia. It was launched on Dec 14, 1992.

Performance

JMUEX vs. SMGIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan U.S. Equity Fund (JMUEX) and Columbia Contrarian Core Fund (SMGIX). The values are adjusted to include any dividend payments, if applicable.

JMUEX vs. SMGIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JMUEX JPMorgan U.S. Equity Fund	-10.35%	14.60%	31.22%	27.28%	-18.84%	28.55%	26.51%	32.26%	-5.90%	21.52%
SMGIX Columbia Contrarian Core Fund	-8.32%	17.35%	23.33%	32.12%	-18.64%	24.18%	22.21%	32.95%	-8.95%	20.57%

Returns By Period

In the year-to-date period, JMUEX achieves a -10.35% return, which is significantly lower than SMGIX's -8.32% return. Over the past 10 years, JMUEX has outperformed SMGIX with an annualized return of 14.30%, while SMGIX has yielded a comparatively lower 12.89% annualized return.

JMUEX

• 1D: -0.25%
• 1M: -8.59%
• YTD: -10.35%
• 6M: -9.84%
• 1Y: 8.88%
• 3Y*: 16.81%
• 5Y*: 11.17%
• 10Y*: 14.30%

SMGIX

• 1D: -0.22%
• 1M: -7.29%
• YTD: -8.32%
• 6M: -5.97%
• 1Y: 12.95%
• 3Y*: 17.26%
• 5Y*: 10.58%
• 10Y*: 12.89%

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

JMUEX vs. SMGIX - Expense Ratio Comparison

JMUEX has a 0.57% expense ratio, which is lower than SMGIX's 0.75% expense ratio.

SMGIX

Columbia Contrarian Core Fund

JMUEX

JPMorgan U.S. Equity Fund

Return for Risk

JMUEX vs. SMGIX — Risk / Return Rank

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

JMUEX

JMUEX Risk / Return Rank: 22
JMUEX Sharpe Ratio Rank: 21
JMUEX Sortino Ratio Rank: 22
JMUEX Omega Ratio Rank: 24
JMUEX Calmar Ratio Rank: 21
JMUEX Martin Ratio Rank: 22

SMGIX

SMGIX Risk / Return Rank: 34
SMGIX Sharpe Ratio Rank: 32
SMGIX Sortino Ratio Rank: 34
SMGIX Omega Ratio Rank: 37
SMGIX Calmar Ratio Rank: 32
SMGIX Martin Ratio Rank: 35

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.

JMUEX vs. SMGIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan U.S. Equity Fund (JMUEX) and Columbia Contrarian Core Fund (SMGIX). 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.

	JMUEX	SMGIX	Difference
Sharpe ratio Return per unit of total volatility	0.52	0.71	-0.19
Sortino ratio Return per unit of downside risk	0.87	1.12	-0.25
Omega ratio Gain probability vs. loss probability	1.13	1.17	-0.04
Calmar ratio Return relative to maximum drawdown	0.61	0.87	-0.26
Martin ratio Return relative to average drawdown	2.27	3.72	-1.44
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JMUEX vs. SMGIX - Sharpe Ratio Comparison

The current JMUEX Sharpe Ratio is 0.52, which is comparable to the SMGIX Sharpe Ratio of 0.71. The chart below compares the historical Sharpe Ratios of JMUEX and SMGIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	JMUEX	SMGIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.52	0.71	-0.19
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.65	0.56	+0.09
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.77	0.68	+0.09
Sharpe Ratio (All Time) Calculated using the full available price history	0.55	0.67	-0.12

Correlation

The correlation between JMUEX and SMGIX is 0.96, 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.

Dividends

JMUEX vs. SMGIX - Dividend Comparison

JMUEX's dividend yield for the trailing twelve months is around 6.55%, less than SMGIX's 8.06% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JMUEX JPMorgan U.S. Equity Fund	6.55%	5.85%	12.03%	2.06%	5.11%	10.74%	6.63%	10.06%	14.56%	8.71%	4.77%	6.17%
SMGIX Columbia Contrarian Core Fund	8.06%	7.39%	9.69%	3.08%	10.61%	13.70%	7.69%	5.87%	10.17%	4.89%	0.76%	5.86%

Drawdowns

JMUEX vs. SMGIX - Drawdown Comparison

The maximum JMUEX drawdown since its inception was -52.11%, roughly equal to the maximum SMGIX drawdown of -50.62%. Use the drawdown chart below to compare losses from any high point for JMUEX and SMGIX.

Drawdown Indicators

	JMUEX	SMGIX	Difference
Max Drawdown Largest peak-to-trough decline	-52.11%	-50.62%	-1.49%
Max Drawdown (1Y) Largest decline over 1 year	-11.92%	-12.33%	+0.41%
Max Drawdown (5Y) Largest decline over 5 years	-24.60%	-32.20%	+7.60%
Max Drawdown (10Y) Largest decline over 10 years	-33.35%	-32.45%	-0.90%
Current Drawdown Current decline from peak	-11.92%	-9.99%	-1.93%
Average Drawdown Average peak-to-trough decline	-8.82%	-6.77%	-2.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.18%	2.89%	+0.29%

Volatility

JMUEX vs. SMGIX - Volatility Comparison

JPMorgan U.S. Equity Fund (JMUEX) has a higher volatility of 4.45% compared to Columbia Contrarian Core Fund (SMGIX) at 4.18%. This indicates that JMUEX's price experiences larger fluctuations and is considered to be riskier than SMGIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JMUEX	SMGIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.45%	4.18%	+0.27%
Volatility (6M) Calculated over the trailing 6-month period	9.08%	9.28%	-0.20%
Volatility (1Y) Calculated over the trailing 1-year period	18.37%	18.55%	-0.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.36%	18.96%	-1.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.53%	18.95%	-0.42%