Correlation
The correlation between JMUEX and SPY is 0.98, 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.
JMUEX vs. SPY
Compare and contrast key facts about JPMorgan U.S. Equity Fund (JMUEX) and SPDR S&P 500 ETF (SPY).
JMUEX is managed by JPMorgan Chase. It was launched on Sep 17, 1993. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JMUEX or SPY.
Performance
JMUEX vs. SPY - Performance Comparison
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Key characteristics
JMUEX:
0.53
SPY:
0.70
JMUEX:
0.78
SPY:
1.02
JMUEX:
1.11
SPY:
1.15
JMUEX:
0.47
SPY:
0.68
JMUEX:
1.66
SPY:
2.57
JMUEX:
5.56%
SPY:
4.93%
JMUEX:
20.53%
SPY:
20.42%
JMUEX:
-52.11%
SPY:
-55.19%
JMUEX:
-5.14%
SPY:
-3.55%
Returns By Period
In the year-to-date period, JMUEX achieves a -0.58% return, which is significantly lower than SPY's 0.87% return. Both investments have delivered pretty close results over the past 10 years, with JMUEX having a 12.87% annualized return and SPY not far behind at 12.73%.
JMUEX
-0.58%
5.28%
-4.34%
10.07%
13.71%
15.87%
12.87%
SPY
0.87%
5.54%
-1.56%
13.18%
14.25%
15.81%
12.73%
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JMUEX vs. SPY - Expense Ratio Comparison
JMUEX has a 0.57% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
JMUEX vs. SPY — Risk-Adjusted Performance Rank
JMUEX
SPY
JMUEX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan U.S. Equity Fund (JMUEX) and SPDR S&P 500 ETF (SPY). 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.
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Dividends
JMUEX vs. SPY - Dividend Comparison
JMUEX's dividend yield for the trailing twelve months is around 6.36%, more than SPY's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JMUEX JPMorgan U.S. Equity Fund | 6.36% | 6.35% | 2.05% | 5.11% | 10.74% | 6.64% | 10.06% | 14.57% | 8.71% | 4.77% | 6.17% | 9.98% |
SPY SPDR S&P 500 ETF | 1.22% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
JMUEX vs. SPY - Drawdown Comparison
The maximum JMUEX drawdown since its inception was -52.11%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for JMUEX and SPY.
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Volatility
JMUEX vs. SPY - Volatility Comparison
JPMorgan U.S. Equity Fund (JMUEX) and SPDR S&P 500 ETF (SPY) have volatilities of 5.10% and 4.86%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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