JPME vs. ITOT

Last updated Jun 23, 2026

JPME (JPMorgan Diversified Return US Mid Cap Equity ETF) and ITOT (iShares Core S&P Total U.S. Stock Market ETF) are both exchange-traded funds - JPME is a Mid Cap Blend Equities fund tracking the JPMorgan Diversified Factor US Mid Cap Equity Index, while ITOT is a Large Cap Blend Equities fund tracking the S&P Total Market Index. Both are passively managed. Over the past 10 years, JPME returned 11.23%/yr vs 15.26%/yr for ITOT. Their correlation of 0.85 suggests significant overlap in exposure. JPME charges 0.24%/yr vs 0.03%/yr for ITOT.

Performance

JPME vs. ITOT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Diversified Return US Mid Cap Equity ETF (JPME) and iShares Core S&P Total U.S. Stock Market ETF (ITOT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JPME achieves a 13.87% return, which is significantly higher than ITOT's 10.37% return. Over the past 10 years, JPME has underperformed ITOT with an annualized return of 11.23%, while ITOT has yielded a comparatively higher 15.26% annualized return.

JPME

• 1D: 0.35%
• 1M: 1.46%
• YTD: 13.87%
• 6M: 12.64%
• 1Y: 23.15%
• 3Y*: 15.26%
• 5Y*: 9.20%
• 10Y*: 11.23%

ITOT

• 1D: -0.32%
• 1M: 0.50%
• YTD: 10.37%
• 6M: 9.62%
• 1Y: 27.18%
• 3Y*: 21.20%
• 5Y*: 12.36%
• 10Y*: 15.26%

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

JPME vs. ITOT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JPME JPMorgan Diversified Return US Mid Cap Equity ETF	13.87%	8.26%	13.55%	11.28%	-10.12%	28.90%	8.46%	25.87%	-8.92%	19.09%
ITOT iShares Core S&P Total U.S. Stock Market ETF	10.37%	17.00%	23.80%	26.12%	-19.47%	25.68%	20.71%	30.67%	-5.33%	21.37%

Correlation

The correlation between JPME and ITOT is 0.68, 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	0.68
Correlation (3Y) Calculated over the trailing 3-year period	0.77
Correlation (5Y) Calculated over the trailing 5-year period	0.85
Correlation (10Y) Calculated over the trailing 10-year period	0.85
Correlation (All Time) Calculated using the full available price history since May 18, 2016	0.85

The correlation between JPME and ITOT shifts across timeframes, from 0.68 (1 year) to 0.85 (10 years), reflecting how their relationship changes across market environments.

JPME vs. ITOT - Sectors Allocation Comparison

Sectors	JPME	ITOT
Technology	13.0%	37.2%
Real Estate	11.5%	2.3%
Industrials	11.4%	9.1%
Healthcare	11.2%	8.8%
Consumer Defensive	9.2%	4.3%
Utilities	9.0%	2.1%
Consumer Cyclical	8.9%	9.8%
Financial Services	7.8%	11.4%
Basic Materials	7.2%	2.0%
Energy	7.1%	3.3%
Communication Services	3.7%	9.8%

Return for Risk

JPME vs. ITOT — Risk / Return Rank

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

JPME

JPME Risk / Return Rank: 63
JPME Sharpe Ratio Rank: 58
JPME Sortino Ratio Rank: 61
JPME Omega Ratio Rank: 54
JPME Calmar Ratio Rank: 70
JPME Martin Ratio Rank: 70

ITOT

ITOT Risk / Return Rank: 68
ITOT Sharpe Ratio Rank: 68
ITOT Sortino Ratio Rank: 65
ITOT Omega Ratio Rank: 67
ITOT Calmar Ratio Rank: 64
ITOT Martin Ratio Rank: 74

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.

JPME vs. ITOT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Diversified Return US Mid Cap Equity ETF (JPME) and iShares Core S&P Total U.S. Stock Market ETF (ITOT). 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.

	JPME	ITOT	Difference
Sharpe ratio: Return per unit of total volatility	1.91	2.14	-0.23
Sortino ratio: Return per unit of downside risk	2.76	2.89	-0.12
Omega ratio: Gain probability vs. loss probability	1.33	1.38	-0.06
Calmar ratio: Return relative to maximum drawdown	3.40	3.07	+0.33
Martin ratio: Return relative to average drawdown	12.59	13.65	-1.07

JPME vs. ITOT - Sharpe Ratio Comparison

The current JPME Sharpe Ratio is 1.91, which is comparable to the ITOT Sharpe Ratio of 2.14. The chart below compares the historical Sharpe Ratios of JPME and ITOT, 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

JPME vs. ITOT - Drawdown Comparison

The maximum JPME drawdown since its inception was -41.01%, smaller than the maximum ITOT drawdown of -55.20%. Use the drawdown chart below to compare losses from any high point for JPME and ITOT.

Drawdown Indicators

	JPME	ITOT	Difference
Max Drawdown Largest peak-to-trough decline	-41.01%	-55.20%	+14.19%
Max Drawdown (1Y) Largest decline over 1 year	-6.84%	-8.90%	+2.06%
Max Drawdown (3Y) Largest decline over 3 years	-18.70%	-19.44%	+0.74%
Max Drawdown (5Y) Largest decline over 5 years	-19.30%	-25.36%	+6.06%
Max Drawdown (10Y) Largest decline over 10 years	-41.01%	-35.00%	-6.01%
Current Drawdown Current decline from peak	-1.22%	-1.51%	+0.29%
Average Drawdown Average peak-to-trough decline	-4.37%	-6.96%	+2.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.84%	2.00%	-0.16%

Volatility

JPME vs. ITOT - Volatility Comparison

The current volatility for JPMorgan Diversified Return US Mid Cap Equity ETF (JPME) is 3.33%, while iShares Core S&P Total U.S. Stock Market ETF (ITOT) has a volatility of 4.78%. This indicates that JPME experiences smaller price fluctuations and is considered to be less risky than ITOT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JPME	ITOT	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.33%	4.78%	-1.45%
Volatility (6M) Calculated over the trailing 6-month period	8.65%	9.98%	-1.33%
Volatility (1Y) Calculated over the trailing 1-year period	12.20%	12.80%	-0.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.14%	17.45%	-1.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.71%	18.31%	-0.60%

JPME vs. ITOT - Expense Ratio Comparison

JPME has a 0.24% expense ratio, which is higher than ITOT's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

JPME vs. ITOT - Dividend Comparison

JPME's dividend yield for the trailing twelve months is around 1.81%, more than ITOT's 1.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ITOT iShares Core S&P Total U.S. Stock Market ETF	1.01%	1.11%	1.23%	1.47%	1.66%	1.18%	1.41%	1.88%	2.14%	1.69%	1.83%	2.01%
JPME JPMorgan Diversified Return US Mid Cap Equity ETF	1.81%	2.03%	1.77%	1.84%	1.84%	1.44%	1.51%	1.68%	1.80%	1.17%	0.91%	0.00%

Frequently Asked Questions

Can I hold both JPME and ITOT in my portfolio?

JPME and ITOT have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JPME or ITOT?

ITOT has higher volatility (4.78%) compared to JPME (3.33%). In terms of maximum drawdown, JPME dropped -41.01% vs ITOT's -55.20%.

Which ETF is better, JPME or ITOT?

On 10-year performance, ITOT leads with 15.26% vs 11.23% for JPME. On fees, ITOT is cheaper at 0.03% per year. On volatility, JPME has been the lower-risk option at 3.33%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JPME or ITOT?

Over the 10-year period, ITOT has performed better with a 15.26% return vs 11.23%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JPME or ITOT?

ITOT is cheaper with a 0.03% expense ratio, compared with 0.24% for JPME.

Which ETF pays a higher dividend yield, JPME or ITOT?

JPME has the higher dividend yield at 1.81%, compared with 1.01% for ITOT.

What is the main difference between JPME and ITOT?

JPME is categorized as Mid Cap Blend Equities, while ITOT is Large Cap Blend Equities. JPME tracks JPMorgan Diversified Factor US Mid Cap Equity Index, while ITOT tracks S&P Total Market Index. They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.24% for JPME and 0.03% for ITOT.

Which has better risk-adjusted returns?

ITOT currently has the higher Sharpe Ratio (2.14 vs 1.91), 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.