JNEMX vs. ^GSPC

Last updated Apr 2, 2026

Compare and contrast key facts about JPMorgan International Equity Fund Class R6 (JNEMX) and S&P 500 Index (^GSPC).

JNEMX is managed by JPMorgan. It was launched on Dec 1, 2010.

Performance

JNEMX vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan International Equity Fund Class R6 (JNEMX) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

JNEMX vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JNEMX JPMorgan International Equity Fund Class R6	1.23%	26.14%	1.62%	18.11%	-19.44%	11.92%	13.42%	27.95%	-17.69%	30.04%
^GSPC S&P 500 Index	-3.95%	16.39%	23.31%	24.23%	-19.44%	26.89%	16.26%	28.88%	-6.24%	19.42%

Returns By Period

In the year-to-date period, JNEMX achieves a 1.23% return, which is significantly higher than ^GSPC's -3.95% return. Over the past 10 years, JNEMX has underperformed ^GSPC with an annualized return of 8.70%, while ^GSPC has yielded a comparatively higher 12.24% annualized return.

JNEMX

• 1D: 3.06%
• 1M: -6.23%
• YTD: 1.23%
• 6M: 2.70%
• 1Y: 16.66%
• 3Y*: 12.04%
• 5Y*: 6.08%
• 10Y*: 8.70%

^GSPC

• 1D: 0.72%
• 1M: -4.45%
• YTD: -3.95%
• 6M: -2.02%
• 1Y: 16.73%
• 3Y*: 16.96%
• 5Y*: 10.34%
• 10Y*: 12.24%

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

Return for Risk

JNEMX vs. ^GSPC — Risk / Return Rank

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

JNEMX

JNEMX Risk / Return Rank: 46
JNEMX Sharpe Ratio Rank: 47
JNEMX Sortino Ratio Rank: 44
JNEMX Omega Ratio Rank: 42
JNEMX Calmar Ratio Rank: 49
JNEMX Martin Ratio Rank: 47

^GSPC

^GSPC Risk / Return Rank: 67
^GSPC Sharpe Ratio Rank: 63
^GSPC Sortino Ratio Rank: 64
^GSPC Omega Ratio Rank: 69
^GSPC Calmar Ratio Rank: 60
^GSPC Martin Ratio Rank: 77

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.

JNEMX vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan International Equity Fund Class R6 (JNEMX) and S&P 500 Index (^GSPC). 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.

	JNEMX	^GSPC	Difference
Sharpe ratio Return per unit of total volatility	0.99	0.92	+0.07
Sortino ratio Return per unit of downside risk	1.41	1.41	-0.01
Omega ratio Gain probability vs. loss probability	1.20	1.21	-0.01
Calmar ratio Return relative to maximum drawdown	1.35	1.41	-0.06
Martin ratio Return relative to average drawdown	5.12	6.61	-1.49
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JNEMX vs. ^GSPC - Sharpe Ratio Comparison

The current JNEMX Sharpe Ratio is 0.99, which is comparable to the ^GSPC Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of JNEMX and ^GSPC, 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

	JNEMX	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.99	0.92	+0.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.37	0.61	-0.25
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.51	0.68	-0.17
Sharpe Ratio (All Time) Calculated using the full available price history	0.39	0.46	-0.07

Correlation

The correlation between JNEMX and ^GSPC is 0.79, 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.

Drawdowns

JNEMX vs. ^GSPC - Drawdown Comparison

The maximum JNEMX drawdown since its inception was -34.13%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for JNEMX and ^GSPC.

Drawdown Indicators

	JNEMX	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-34.13%	-56.78%	+22.65%
Max Drawdown (1Y) Largest decline over 1 year	-11.62%	-12.14%	+0.52%
Max Drawdown (5Y) Largest decline over 5 years	-33.05%	-25.43%	-7.62%
Max Drawdown (10Y) Largest decline over 10 years	-34.13%	-33.92%	-0.21%
Current Drawdown Current decline from peak	-8.24%	-5.78%	-2.46%
Average Drawdown Average peak-to-trough decline	-8.27%	-10.75%	+2.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.06%	2.60%	+0.46%

Volatility

JNEMX vs. ^GSPC - Volatility Comparison

JPMorgan International Equity Fund Class R6 (JNEMX) has a higher volatility of 7.97% compared to S&P 500 Index (^GSPC) at 5.37%. This indicates that JNEMX's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JNEMX	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.97%	5.37%	+2.60%
Volatility (6M) Calculated over the trailing 6-month period	11.45%	9.55%	+1.90%
Volatility (1Y) Calculated over the trailing 1-year period	17.05%	18.33%	-1.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.58%	16.90%	-0.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.19%	18.05%	-0.86%