JPEF vs. BLCR

Last updated Jun 4, 2026

JPEF (JPMorgan Equity Focus ETF) and BLCR (Blackrock Large Cap Core ETF) are both Large Cap Blend Equities funds. Both are actively managed. Over the past year, JPEF returned 19.43% vs 47.09% for BLCR. Their correlation of 0.89 suggests significant overlap in exposure. JPEF charges 0.50%/yr vs 0.36%/yr for BLCR.

Performance

JPEF vs. BLCR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Equity Focus ETF (JPEF) and Blackrock Large Cap Core ETF (BLCR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JPEF achieves a 7.80% return, which is significantly lower than BLCR's 19.56% return.

JPEF

• 1D: -0.61%
• 1M: 3.38%
• YTD: 7.80%
• 6M: 7.01%
• 1Y: 19.43%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BLCR

• 1D: -0.33%
• 1M: 6.16%
• YTD: 19.56%
• 6M: 21.53%
• 1Y: 47.09%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JPEF vs. BLCR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
JPEF JPMorgan Equity Focus ETF	7.80%	12.07%	28.19%	16.32%
BLCR Blackrock Large Cap Core ETF	19.56%	30.93%	17.07%	14.18%

Correlation

The correlation between JPEF and BLCR is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.87
Correlation (All Time) Calculated using the full available price history since Oct 27, 2023	0.89

The correlation between JPEF and BLCR has been stable across timeframes, ranging from 0.87 to 0.89 - a consistent structural relationship.

JPEF vs. BLCR - Sectors Allocation Comparison

Sectors	JPEF	BLCR
Technology	29.0%	35.7%
Financial Services	14.0%	12.1%
Communication Services	12.1%	11.0%
Consumer Cyclical	11.8%	10.9%
Industrials	9.3%	13.5%
Healthcare	8.7%	7.6%
Energy	5.2%	2.2%
Utilities	2.9%	1.6%
Real Estate	2.6%	-
Basic Materials	2.2%	2.2%
Consumer Defensive	2.0%	-

Return for Risk

JPEF vs. BLCR — Risk / Return Rank

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

JPEF

JPEF Risk / Return Rank: 51
JPEF Sharpe Ratio Rank: 49
JPEF Sortino Ratio Rank: 49
JPEF Omega Ratio Rank: 50
JPEF Calmar Ratio Rank: 48
JPEF Martin Ratio Rank: 60

BLCR

BLCR Risk / Return Rank: 87
BLCR Sharpe Ratio Rank: 89
BLCR Sortino Ratio Rank: 87
BLCR Omega Ratio Rank: 85
BLCR Calmar Ratio Rank: 84
BLCR Martin Ratio Rank: 91

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.

JPEF vs. BLCR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Equity Focus ETF (JPEF) and Blackrock Large Cap Core ETF (BLCR). 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.

	JPEF	BLCR	Difference
Sharpe ratio Return per unit of total volatility	1.72	3.05	-1.33
Sortino ratio Return per unit of downside risk	2.43	4.02	-1.59
Omega ratio Gain probability vs. loss probability	1.32	1.52	-0.20
Calmar ratio Return relative to maximum drawdown	2.36	4.61	-2.25
Martin ratio Return relative to average drawdown	10.68	21.86	-11.18
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JPEF vs. BLCR - Sharpe Ratio Comparison

The current JPEF Sharpe Ratio is 1.72, which is lower than the BLCR Sharpe Ratio of 3.05. The chart below compares the historical Sharpe Ratios of JPEF and BLCR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	JPEF	BLCR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.72	3.05	-1.33
Sharpe Ratio (All Time) Calculated using the full available price history	1.27	1.90	-0.63

Drawdowns

JPEF vs. BLCR - Drawdown Comparison

The maximum JPEF drawdown since its inception was -18.09%, smaller than the maximum BLCR drawdown of -21.29%. Use the drawdown chart below to compare losses from any high point for JPEF and BLCR.

Drawdown Indicators

	JPEF	BLCR	Difference
Max Drawdown Largest peak-to-trough decline	-18.09%	-21.29%	+3.20%
Max Drawdown (1Y) Largest decline over 1 year	-8.25%	-10.26%	+2.01%
Current Drawdown Current decline from peak	-0.81%	-0.37%	-0.44%
Average Drawdown Average peak-to-trough decline	-2.15%	-2.19%	+0.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.82%	2.16%	-0.34%

Volatility

JPEF vs. BLCR - Volatility Comparison

The current volatility for JPMorgan Equity Focus ETF (JPEF) is 3.01%, while Blackrock Large Cap Core ETF (BLCR) has a volatility of 4.45%. This indicates that JPEF experiences smaller price fluctuations and is considered to be less risky than BLCR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JPEF	BLCR	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.01%	4.45%	-1.44%
Volatility (6M) Calculated over the trailing 6-month period	8.64%	12.24%	-3.60%
Volatility (1Y) Calculated over the trailing 1-year period	11.38%	15.54%	-4.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.02%	17.47%	-2.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.02%	17.47%	-2.45%

JPEF vs. BLCR - Expense Ratio Comparison

JPEF has a 0.50% expense ratio, which is higher than BLCR's 0.36% expense ratio.

Dividends

JPEF vs. BLCR - Dividend Comparison

JPEF's dividend yield for the trailing twelve months is around 0.65%, more than BLCR's 0.23% yield.

Position	TTM	2025	2024	2023
BLCR Blackrock Large Cap Core ETF	0.23%	0.33%	0.75%	0.13%
JPEF JPMorgan Equity Focus ETF	0.65%	0.70%	0.71%	0.39%

Frequently Asked Questions

Can I hold both JPEF and BLCR in my portfolio?

JPEF and BLCR have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JPEF or BLCR?

BLCR has higher volatility (4.45%) compared to JPEF (3.01%). In terms of maximum drawdown, JPEF dropped -18.09% vs BLCR's -21.29%.

Which ETF is better, JPEF or BLCR?

On 1-year performance, BLCR leads with 47.09% vs 19.43% for JPEF. On fees, BLCR is cheaper at 0.36% per year. On volatility, JPEF has been the lower-risk option at 3.01%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JPEF or BLCR?

Over the 1-year period, BLCR has performed better with a 47.09% return vs 19.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JPEF or BLCR?

BLCR is cheaper with a 0.36% expense ratio, compared with 0.50% for JPEF.

Which ETF pays a higher dividend yield, JPEF or BLCR?

JPEF has the higher dividend yield at 0.65%, compared with 0.23% for BLCR.

What is the main difference between JPEF and BLCR?

They also come from different issuers: JPMorgan and BlackRock. Their fees differ too: 0.50% for JPEF and 0.36% for BLCR.

Which has better risk-adjusted returns?

BLCR currently has the higher Sharpe Ratio (3.05 vs 1.72), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.