JPPEX vs. IWM
JPPEX (JPMorgan Mid Cap Equity Fund Class R6) and IWM (iShares Russell 2000 ETF) are both funds - JPPEX is a Mid Cap Blend Equities fund managed by JPMorgan, while IWM is a Small Cap Blend Equities fund tracking the Russell 2000 Index. Over the past 10 years, JPPEX returned 12.37%/yr vs 11.58%/yr for IWM. Their correlation of 0.91 suggests significant overlap in exposure. JPPEX charges 0.64%/yr vs 0.19%/yr for IWM.
Performance
JPPEX vs. IWM - Performance Comparison
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Returns By Period
In the year-to-date period, JPPEX achieves a 8.90% return, which is significantly lower than IWM's 20.47% return. Over the past 10 years, JPPEX has outperformed IWM with an annualized return of 12.37%, while IWM has yielded a comparatively lower 11.58% annualized return.
JPPEX
- 1D
- 0.46%
- 1M
- 2.82%
- YTD
- 8.90%
- 6M
- 7.53%
- 1Y
- 14.60%
- 3Y*
- 15.19%
- 5Y*
- 7.41%
- 10Y*
- 12.37%
IWM
- 1D
- -0.96%
- 1M
- 3.82%
- YTD
- 20.47%
- 6M
- 17.64%
- 1Y
- 40.90%
- 3Y*
- 19.22%
- 5Y*
- 6.27%
- 10Y*
- 11.58%
JPPEX vs. IWM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JPPEX JPMorgan Mid Cap Equity Fund Class R6 | 8.90% | 6.34% | 18.87% | 16.46% | -15.83% | 20.24% | 22.96% | 33.03% | -7.96% | 21.54% |
IWM iShares Russell 2000 ETF | 20.47% | 12.66% | 11.38% | 16.83% | -20.48% | 14.54% | 20.03% | 25.39% | -11.12% | 14.58% |
Correlation
The correlation between JPPEX and IWM is 0.88, 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 | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Mar 18, 2014 | 0.91 |
The correlation between JPPEX and IWM has been stable across timeframes, ranging from 0.88 to 0.92 - a consistent structural relationship.
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Return for Risk
JPPEX vs. IWM — Risk / Return Rank
JPPEX
IWM
JPPEX vs. IWM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Mid Cap Equity Fund Class R6 (JPPEX) and iShares Russell 2000 ETF (IWM). 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.
| JPPEX | IWM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.84 | ||
| Sortino ratioReturn per unit of downside risk | -1.01 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.34 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.92 | 3.73 | -1.81 |
| Martin ratioReturn relative to average drawdown | 7.15 | 13.18 | -6.03 |
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Drawdowns
JPPEX vs. IWM - Drawdown Comparison
The maximum JPPEX drawdown since its inception was -38.32%, smaller than the maximum IWM drawdown of -59.05%. Use the drawdown chart below to compare losses from any high point for JPPEX and IWM.
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Drawdown Indicators
| JPPEX | IWM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.32% | -59.05% | +20.73% |
Max Drawdown (1Y)Largest decline over 1 year | -8.21% | -11.03% | +2.82% |
Max Drawdown (3Y)Largest decline over 3 years | -18.92% | -27.50% | +8.58% |
Max Drawdown (5Y)Largest decline over 5 years | -24.92% | -31.91% | +6.99% |
Max Drawdown (10Y)Largest decline over 10 years | -38.32% | -41.13% | +2.81% |
Current DrawdownCurrent decline from peak | -0.12% | -0.96% | +0.84% |
Average DrawdownAverage peak-to-trough decline | -5.38% | -10.75% | +5.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.20% | 3.11% | -0.91% |
Volatility
JPPEX vs. IWM - Volatility Comparison
The current volatility for JPMorgan Mid Cap Equity Fund Class R6 (JPPEX) is 3.81%, while iShares Russell 2000 ETF (IWM) has a volatility of 6.56%. This indicates that JPPEX experiences smaller price fluctuations and is considered to be less risky than IWM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JPPEX | IWM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.81% | 6.56% | -2.75% |
Volatility (6M)Calculated over the trailing 6-month period | 9.55% | 14.31% | -4.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.71% | 19.74% | -7.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.44% | 22.61% | -5.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.60% | 23.06% | -3.46% |
JPPEX vs. IWM - Expense Ratio Comparison
JPPEX has a 0.64% expense ratio, which is higher than IWM's 0.19% expense ratio.
Dividends
JPPEX vs. IWM - Dividend Comparison
JPPEX's dividend yield for the trailing twelve months is around 5.92%, more than IWM's 0.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWM iShares Russell 2000 ETF | 0.90% | 1.04% | 1.15% | 1.35% | 1.48% | 0.94% | 1.04% | 1.26% | 1.40% | 1.26% | 1.38% | 1.54% |
JPPEX JPMorgan Mid Cap Equity Fund Class R6 | 5.92% | 6.45% | 8.83% | 0.73% | 3.06% | 7.83% | 11.84% | 8.84% | 13.25% | 6.03% | 3.49% | 5.29% |
Frequently Asked Questions
JPPEX and IWM have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IWM has higher volatility (6.56%) compared to JPPEX (3.81%). In terms of maximum drawdown, JPPEX dropped -38.32% vs IWM's -59.05%.
IWM currently has the higher Sharpe Ratio (2.08 vs 1.24), 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.
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