JPPEX vs. SPHB
Compare and contrast key facts about JPMorgan Mid Cap Equity Fund Class R6 (JPPEX) and Invesco S&P 500® High Beta ETF (SPHB).
JPPEX is managed by JPMorgan. SPHB is a passively managed fund by Invesco that tracks the performance of the S&P 500 High Beta Index. It was launched on May 5, 2011.
Performance
JPPEX vs. SPHB - Performance Comparison
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JPPEX vs. SPHB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JPPEX JPMorgan Mid Cap Equity Fund Class R6 | -2.55% | 6.34% | 18.87% | 16.46% | -15.83% | 20.24% | 22.96% | 33.03% | -7.96% | 21.54% |
SPHB Invesco S&P 500® High Beta ETF | -0.67% | 32.87% | 8.48% | 33.28% | -20.59% | 40.58% | 25.56% | 33.96% | -15.55% | 17.87% |
Returns By Period
In the year-to-date period, JPPEX achieves a -2.55% return, which is significantly lower than SPHB's -0.67% return. Over the past 10 years, JPPEX has underperformed SPHB with an annualized return of 10.99%, while SPHB has yielded a comparatively higher 16.49% annualized return.
JPPEX
- 1D
- -0.50%
- 1M
- -7.84%
- YTD
- -2.55%
- 6M
- -2.77%
- 1Y
- 8.42%
- 3Y*
- 11.57%
- 5Y*
- 6.08%
- 10Y*
- 10.99%
SPHB
- 1D
- 4.12%
- 1M
- -5.62%
- YTD
- -0.67%
- 6M
- 5.99%
- 1Y
- 49.23%
- 3Y*
- 19.28%
- 5Y*
- 11.25%
- 10Y*
- 16.49%
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JPPEX vs. SPHB - Expense Ratio Comparison
JPPEX has a 0.64% expense ratio, which is higher than SPHB's 0.25% expense ratio.
Return for Risk
JPPEX vs. SPHB — Risk / Return Rank
JPPEX
SPHB
JPPEX vs. SPHB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Mid Cap Equity Fund Class R6 (JPPEX) and Invesco S&P 500® High Beta ETF (SPHB). 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.
| JPPEX | SPHB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.50 | 1.65 | -1.15 |
Sortino ratioReturn per unit of downside risk | 0.84 | 2.29 | -1.45 |
Omega ratioGain probability vs. loss probability | 1.12 | 1.33 | -0.22 |
Calmar ratioReturn relative to maximum drawdown | 0.58 | 3.03 | -2.45 |
Martin ratioReturn relative to average drawdown | 2.59 | 13.75 | -11.16 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| JPPEX | SPHB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.50 | 1.65 | -1.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.35 | 0.41 | -0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 0.58 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.46 | +0.06 |
Correlation
The correlation between JPPEX and SPHB is 0.88, 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.
Dividends
JPPEX vs. SPHB - Dividend Comparison
JPPEX's dividend yield for the trailing twelve months is around 6.62%, more than SPHB's 0.68% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JPPEX JPMorgan Mid Cap Equity Fund Class R6 | 6.62% | 6.45% | 8.83% | 0.73% | 3.06% | 7.83% | 11.84% | 8.84% | 13.25% | 6.03% | 3.49% | 5.29% |
SPHB Invesco S&P 500® High Beta ETF | 0.68% | 0.60% | 0.80% | 0.73% | 0.72% | 0.91% | 1.90% | 1.26% | 1.96% | 1.34% | 0.93% | 1.69% |
Drawdowns
JPPEX vs. SPHB - Drawdown Comparison
The maximum JPPEX drawdown since its inception was -38.32%, smaller than the maximum SPHB drawdown of -46.84%. Use the drawdown chart below to compare losses from any high point for JPPEX and SPHB.
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Drawdown Indicators
| JPPEX | SPHB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.32% | -46.84% | +8.52% |
Max Drawdown (1Y)Largest decline over 1 year | -12.34% | -16.08% | +3.74% |
Max Drawdown (5Y)Largest decline over 5 years | -24.92% | -31.49% | +6.57% |
Max Drawdown (10Y)Largest decline over 10 years | -38.32% | -46.84% | +8.52% |
Current DrawdownCurrent decline from peak | -8.21% | -7.02% | -1.19% |
Average DrawdownAverage peak-to-trough decline | -5.46% | -8.59% | +3.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.75% | 3.54% | -0.79% |
Volatility
JPPEX vs. SPHB - Volatility Comparison
The current volatility for JPMorgan Mid Cap Equity Fund Class R6 (JPPEX) is 4.41%, while Invesco S&P 500® High Beta ETF (SPHB) has a volatility of 8.94%. This indicates that JPPEX experiences smaller price fluctuations and is considered to be less risky than SPHB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JPPEX | SPHB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.41% | 8.94% | -4.53% |
Volatility (6M)Calculated over the trailing 6-month period | 9.17% | 17.62% | -8.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.56% | 29.95% | -12.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.42% | 27.28% | -9.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.56% | 28.41% | -8.85% |