JPEF vs. CNAV

Last updated Aug 2, 2026

JPEF (JPMorgan Equity Focus ETF) and CNAV (Mohr Company Nav ETF) are both Large Cap Blend Equities funds. Both are actively managed. Over the past year, JPEF returned 15.49% vs 39.18% for CNAV. Their 0.75 correlation means they have sometimes moved together and sometimes differently. JPEF charges 0.50%/yr vs 1.31%/yr for CNAV.

Performance

JPEF vs. CNAV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Equity Focus ETF (JPEF) and Mohr Company Nav ETF (CNAV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JPEF achieves a 7.28% return, which is significantly lower than CNAV's 24.51% return.

JPEF

• 1D: 1.05%
• 1M: 0.24%
• 6M: 5.98%
• YTD: 7.28%
• 1Y: 15.49%
• 3Y*: 17.71%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 17.66%

CNAV

• 1D: 0.63%
• 1M: -10.01%
• 6M: 18.26%
• YTD: 24.51%
• 1Y: 39.18%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 26.73%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CNAV Mohr Company Nav ETF	$249.12K	$293.43K	$339.76K
JPEF JPMorgan Equity Focus ETF	$8.69M	$8.49M	$7.43M

JPEF vs. CNAV - Yearly Performance Comparison

	2026 (YTD)	2025	2024
JPEF JPMorgan Equity Focus ETF	7.28%	12.07%	3.13%
CNAV Mohr Company Nav ETF	24.51%	16.80%	6.05%

Correlation

The correlation between JPEF and CNAV is 0.71, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.71
Correlation (All Time) Calculated using the full available price history since Oct 1, 2024	0.75

The correlation between JPEF and CNAV has been stable across timeframes, ranging from 0.71 to 0.75 - a consistent structural relationship.

Return for Risk

JPEF vs. CNAV — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

JPEF

JPEF Risk / Return Rank: 47
JPEF Sharpe Ratio Rank: 44
JPEF Sortino Ratio Rank: 43
JPEF Omega Ratio Rank: 43
JPEF Calmar Ratio Rank: 46
JPEF Martin Ratio Rank: 57

CNAV

CNAV Risk / Return Rank: 44
CNAV Sharpe Ratio Rank: 43
CNAV Sortino Ratio Rank: 41
CNAV Omega Ratio Rank: 44
CNAV Calmar Ratio Rank: 40
CNAV Martin Ratio Rank: 53

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

JPEF vs. CNAV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Equity Focus ETF (JPEF) and Mohr Company Nav ETF (CNAV). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	JPEF	CNAV	Difference
Sharpe ratio: Return per unit of total volatility	1.09	1.06	+0.03
Sortino ratio: Return per unit of downside risk	1.58	1.53	+0.04
Omega ratio: Gain probability vs. loss probability	1.20	1.20	0.00
Calmar ratio: Return relative to maximum drawdown	1.65	1.40	+0.24
Martin ratio: Return relative to average drawdown	6.78	6.25	+0.54

JPEF vs. CNAV - Sharpe Ratio Comparison

The current JPEF Sharpe Ratio is 1.09, which is comparable to the CNAV Sharpe Ratio of 1.06. The chart below compares the historical Sharpe Ratios of JPEF and CNAV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

JPEF vs. CNAV - Drawdown Comparison

The maximum JPEF drawdown since its inception was -18.09%, smaller than the maximum CNAV drawdown of -30.06%. Use the drawdown chart below to compare losses from any high point for JPEF and CNAV.

Drawdown Indicators

	JPEF	CNAV	Difference
Max Drawdown Largest peak-to-trough decline	-18.09%	-30.06%	+11.97%
Max Drawdown (1Y) Largest decline over 1 year	-8.25%	-25.80%	+17.55%
Max Drawdown (3Y) Largest decline over 3 years	-18.09%	—	—
Current Drawdown Current decline from peak	-1.36%	-20.15%	+18.79%
Average Drawdown Average peak-to-trough decline	-2.13%	-5.84%	+3.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.00%	5.79%	-3.79%

Volatility

JPEF vs. CNAV - Volatility Comparison

The current volatility for JPMorgan Equity Focus ETF (JPEF) is 3.96%, while Mohr Company Nav ETF (CNAV) has a volatility of 15.97%. This indicates that JPEF experiences smaller price fluctuations and is considered to be less risky than CNAV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JPEF	CNAV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.96%	15.97%	-12.01%
Volatility (6M) Calculated over the trailing 6-month period	9.89%	31.59%	-21.70%
Volatility (1Y) Calculated over the trailing 1-year period	12.52%	34.30%	-21.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.02%	31.45%	-16.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.02%	31.45%	-16.43%

JPEF vs. CNAV - Expense Ratio Comparison

JPEF has a 0.50% expense ratio, which is lower than CNAV's 1.31% expense ratio.

Dividends

JPEF vs. CNAV - Dividend Comparison

JPEF's dividend yield for the trailing twelve months is around 0.65%, while CNAV has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
CNAV Mohr Company Nav ETF	0.00%	0.00%	0.00%	0.00%
JPEF JPMorgan Equity Focus ETF	0.65%	0.70%	0.71%	0.39%

Frequently Asked Questions

Can I hold both JPEF and CNAV in my portfolio?

JPEF and CNAV have a correlation of 0.71, 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 CNAV?

CNAV has higher volatility (15.97%) compared to JPEF (3.96%). In terms of maximum drawdown, JPEF dropped -18.09% vs CNAV's -30.06%.

Which ETF is better, JPEF or CNAV?

On 1-year performance, CNAV leads with 39.18% vs 15.49% for JPEF. On fees, JPEF is cheaper at 0.50% per year. On volatility, JPEF has been the lower-risk option at 3.96%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JPEF or CNAV?

Over the 1-year period, CNAV has performed better with a 39.18% return vs 15.49%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JPEF or CNAV?

JPEF is cheaper with a 0.50% expense ratio, compared with 1.31% for CNAV.

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

JPEF has the higher dividend yield at 0.65%, compared with 0.00% for CNAV.

What is the main difference between JPEF and CNAV?

They also come from different issuers: JPMorgan and Mohr. Their fees differ too: 0.50% for JPEF and 1.31% for CNAV.

Which has better risk-adjusted returns?

JPEF currently has the higher Sharpe Ratio (1.09 vs 1.06), 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.