JPEM vs. JQUA

Last updated Jun 6, 2026

JPEM (J.P. Morgan Diversified Return Emerging Markets Equity ETF) and JQUA (JPMorgan U.S. Quality Factor ETF) are both exchange-traded funds - JPEM is a Emerging Markets Equities fund tracking the JPMorgan Diversified Factor Emerging Markets Equity Index, while JQUA is a Large Cap Growth Equities fund tracking the JP Morgan US Quality Factor Index. Both are passively managed. Over the past 5 years, JPEM returned 5.48%/yr vs 13.27%/yr for JQUA. A 0.58 correlation means they provide meaningful diversification when combined. JPEM charges 0.44%/yr vs 0.12%/yr for JQUA.

Performance

JPEM vs. JQUA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in J.P. Morgan Diversified Return Emerging Markets Equity ETF (JPEM) and JPMorgan U.S. Quality Factor ETF (JQUA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JPEM achieves a 4.45% return, which is significantly lower than JQUA's 10.93% return.

JPEM

• 1D: -2.63%
• 1M: -5.03%
• YTD: 4.45%
• 6M: 6.35%
• 1Y: 18.44%
• 3Y*: 12.56%
• 5Y*: 5.48%
• 10Y*: 7.40%

JQUA

• 1D: -2.82%
• 1M: 3.22%
• YTD: 10.93%
• 6M: 10.62%
• 1Y: 19.51%
• 3Y*: 19.44%
• 5Y*: 13.27%
• 10Y*: —

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

JPEM vs. JQUA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JPEM J.P. Morgan Diversified Return Emerging Markets Equity ETF	4.45%	22.90%	4.23%	11.01%	-9.03%	8.11%	-0.46%	16.21%	-10.55%	3.45%
JQUA JPMorgan U.S. Quality Factor ETF	10.93%	11.69%	21.21%	25.13%	-13.45%	28.68%	16.56%	28.47%	-2.98%	5.07%

Correlation

The correlation between JPEM and JQUA is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.63
Correlation (3Y) Calculated over the trailing 3-year period	0.56
Correlation (5Y) Calculated over the trailing 5-year period	0.59
Correlation (All Time) Calculated using the full available price history since Nov 10, 2017	0.58

The correlation between JPEM and JQUA has been stable across timeframes, ranging from 0.56 to 0.63 - a consistent structural relationship.

JPEM vs. JQUA - Sectors Allocation Comparison

Sectors	JPEM	JQUA
Financial Services	19.1%	10.2%
Industrials	13.1%	7.6%
Basic Materials	11.3%	0.8%
Consumer Cyclical	10.0%	9.2%
Utilities	9.2%	2.3%
Consumer Defensive	8.6%	5.3%
Communication Services	8.4%	5.5%
Energy	7.5%	3.2%
Technology	6.7%	41.9%
Healthcare	4.3%	7.2%
Real Estate	1.8%	2.1%

Return for Risk

JPEM vs. JQUA — Risk / Return Rank

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

JPEM

JPEM Risk / Return Rank: 41
JPEM Sharpe Ratio Rank: 41
JPEM Sortino Ratio Rank: 40
JPEM Omega Ratio Rank: 43
JPEM Calmar Ratio Rank: 38
JPEM Martin Ratio Rank: 43

JQUA

JQUA Risk / Return Rank: 54
JQUA Sharpe Ratio Rank: 51
JQUA Sortino Ratio Rank: 50
JQUA Omega Ratio Rank: 48
JQUA Calmar Ratio Rank: 57
JQUA Martin Ratio Rank: 65

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.

JPEM vs. JQUA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for J.P. Morgan Diversified Return Emerging Markets Equity ETF (JPEM) and JPMorgan U.S. Quality Factor ETF (JQUA). 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.

	JPEM	JQUA	Difference
Sharpe ratio: Return per unit of total volatility	1.40	1.69	-0.29
Sortino ratio: Return per unit of downside risk	1.95	2.38	-0.43
Omega ratio: Gain probability vs. loss probability	1.26	1.29	-0.03
Calmar ratio: Return relative to maximum drawdown	1.79	2.75	-0.96
Martin ratio: Return relative to average drawdown	6.65	11.52	-4.87
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JPEM vs. JQUA - Sharpe Ratio Comparison

The current JPEM Sharpe Ratio is 1.40, which is comparable to the JQUA Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of JPEM and JQUA, 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

	JPEM	JQUA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.40	1.69	-0.29
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.41	0.85	-0.44
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.44	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.32	0.81	-0.49

Drawdowns

JPEM vs. JQUA - Drawdown Comparison

The maximum JPEM drawdown since its inception was -40.22%, which is greater than JQUA's maximum drawdown of -32.92%. Use the drawdown chart below to compare losses from any high point for JPEM and JQUA.

Drawdown Indicators

	JPEM	JQUA	Difference
Max Drawdown Largest peak-to-trough decline	-40.22%	-32.92%	-7.30%
Max Drawdown (1Y) Largest decline over 1 year	-10.32%	-7.13%	-3.19%
Max Drawdown (3Y) Largest decline over 3 years	-14.30%	-16.81%	+2.51%
Max Drawdown (5Y) Largest decline over 5 years	-21.57%	-22.47%	+0.90%
Max Drawdown (10Y) Largest decline over 10 years	-40.22%	—	—
Current Drawdown Current decline from peak	-5.55%	-3.09%	-2.46%
Average Drawdown Average peak-to-trough decline	-9.46%	-4.16%	-5.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.78%	1.70%	+1.08%

Volatility

JPEM vs. JQUA - Volatility Comparison

J.P. Morgan Diversified Return Emerging Markets Equity ETF (JPEM) has a higher volatility of 4.58% compared to JPMorgan U.S. Quality Factor ETF (JQUA) at 4.19%. This indicates that JPEM's price experiences larger fluctuations and is considered to be riskier than JQUA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JPEM	JQUA	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.58%	4.19%	+0.39%
Volatility (6M) Calculated over the trailing 6-month period	11.55%	8.82%	+2.73%
Volatility (1Y) Calculated over the trailing 1-year period	13.23%	11.57%	+1.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.54%	15.66%	-2.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.04%	18.01%	-0.97%

JPEM vs. JQUA - Expense Ratio Comparison

JPEM has a 0.44% expense ratio, which is higher than JQUA's 0.12% expense ratio.

Dividends

JPEM vs. JQUA - Dividend Comparison

JPEM's dividend yield for the trailing twelve months is around 4.52%, more than JQUA's 1.10% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JPEM J.P. Morgan Diversified Return Emerging Markets Equity ETF	4.52%	4.65%	5.12%	4.46%	4.71%	4.40%	2.85%	3.47%	2.79%	2.14%	1.28%	3.22%
JQUA JPMorgan U.S. Quality Factor ETF	1.10%	1.19%	1.24%	1.21%	1.60%	1.32%	1.44%	1.67%	2.10%	0.40%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JPEM and JQUA in my portfolio?

JPEM and JQUA have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JPEM or JQUA?

JPEM has higher volatility (4.58%) compared to JQUA (4.19%). In terms of maximum drawdown, JPEM dropped -40.22% vs JQUA's -32.92%.

Which ETF is better, JPEM or JQUA?

On 5-year performance, JQUA leads with 13.27% vs 5.48% for JPEM. On fees, JQUA is cheaper at 0.12% per year. On volatility, JQUA has been the lower-risk option at 4.19%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JPEM or JQUA?

Over the 5-year period, JQUA has performed better with a 13.27% return vs 5.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JPEM or JQUA?

JQUA is cheaper with a 0.12% expense ratio, compared with 0.44% for JPEM.

Which ETF pays a higher dividend yield, JPEM or JQUA?

JPEM has the higher dividend yield at 4.52%, compared with 1.10% for JQUA.

What is the main difference between JPEM and JQUA?

JPEM is categorized as Emerging Markets Equities, while JQUA is Large Cap Growth Equities. JPEM tracks JPMorgan Diversified Factor Emerging Markets Equity Index, while JQUA tracks JP Morgan US Quality Factor Index. Their fees differ too: 0.44% for JPEM and 0.12% for JQUA.

Which has better risk-adjusted returns?

JQUA currently has the higher Sharpe Ratio (1.69 vs 1.40), 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.