JPGSX vs. SPGP
Compare and contrast key facts about JPMorgan U.S. GARP Equity Fund (JPGSX) and Invesco S&P 500 GARP ETF (SPGP).
JPGSX is managed by JPMorgan Chase. It was launched on Feb 28, 2003. SPGP is a passively managed fund by Invesco that tracks the performance of the S&P 500 GARP Index. It was launched on Jun 16, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JPGSX or SPGP.
Key characteristics
JPGSX | SPGP | |
---|---|---|
YTD Return | 23.04% | 5.60% |
1Y Return | 35.79% | 11.99% |
3Y Return (Ann) | 11.11% | 5.59% |
5Y Return (Ann) | 18.23% | 13.95% |
10Y Return (Ann) | 14.54% | 13.48% |
Sharpe Ratio | 2.16 | 0.80 |
Daily Std Dev | 16.47% | 14.83% |
Max Drawdown | -52.42% | -42.08% |
Current Drawdown | -3.42% | -3.46% |
Correlation
The correlation between JPGSX and SPGP is 0.81, 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.
Performance
JPGSX vs. SPGP - Performance Comparison
In the year-to-date period, JPGSX achieves a 23.04% return, which is significantly higher than SPGP's 5.60% return. Over the past 10 years, JPGSX has outperformed SPGP with an annualized return of 14.54%, while SPGP has yielded a comparatively lower 13.48% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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JPGSX vs. SPGP - Expense Ratio Comparison
JPGSX has a 0.59% expense ratio, which is higher than SPGP's 0.36% expense ratio.
Risk-Adjusted Performance
JPGSX vs. SPGP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan U.S. GARP Equity Fund (JPGSX) and Invesco S&P 500 GARP ETF (SPGP). 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.
Dividends
JPGSX vs. SPGP - Dividend Comparison
JPGSX's dividend yield for the trailing twelve months is around 0.75%, less than SPGP's 1.09% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
JPMorgan U.S. GARP Equity Fund | 0.75% | 0.92% | 4.30% | 21.34% | 9.65% | 12.78% | 12.46% | 0.63% | 0.90% | 0.05% | 0.53% | 0.69% |
Invesco S&P 500 GARP ETF | 1.09% | 1.24% | 1.22% | 0.69% | 1.10% | 0.86% | 0.95% | 0.68% | 0.89% | 1.12% | 1.52% | 2.11% |
Drawdowns
JPGSX vs. SPGP - Drawdown Comparison
The maximum JPGSX drawdown since its inception was -52.42%, which is greater than SPGP's maximum drawdown of -42.08%. Use the drawdown chart below to compare losses from any high point for JPGSX and SPGP. For additional features, visit the drawdowns tool.
Volatility
JPGSX vs. SPGP - Volatility Comparison
JPMorgan U.S. GARP Equity Fund (JPGSX) has a higher volatility of 5.27% compared to Invesco S&P 500 GARP ETF (SPGP) at 4.76%. This indicates that JPGSX's price experiences larger fluctuations and is considered to be riskier than SPGP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.