JPPEX vs. SPY
Compare and contrast key facts about JPMorgan Mid Cap Equity Fund Class R6 (JPPEX) and State Street SPDR S&P 500 ETF (SPY).
JPPEX is managed by JPMorgan. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Performance
JPPEX vs. SPY - Performance Comparison
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JPPEX vs. SPY - 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% |
SPY State Street SPDR S&P 500 ETF | -3.65% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, JPPEX achieves a -2.55% return, which is significantly higher than SPY's -3.65% return. Over the past 10 years, JPPEX has underperformed SPY with an annualized return of 10.99%, while SPY has yielded a comparatively higher 14.06% 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%
SPY
- 1D
- 0.75%
- 1M
- -4.28%
- YTD
- -3.65%
- 6M
- -1.42%
- 1Y
- 18.14%
- 3Y*
- 18.48%
- 5Y*
- 11.86%
- 10Y*
- 14.06%
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JPPEX vs. SPY - Expense Ratio Comparison
JPPEX has a 0.64% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
JPPEX vs. SPY — Risk / Return Rank
JPPEX
SPY
JPPEX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Mid Cap Equity Fund Class R6 (JPPEX) and State Street SPDR S&P 500 ETF (SPY). 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 | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.50 | 0.96 | -0.45 |
Sortino ratioReturn per unit of downside risk | 0.84 | 1.49 | -0.65 |
Omega ratioGain probability vs. loss probability | 1.12 | 1.23 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 0.58 | 1.53 | -0.96 |
Martin ratioReturn relative to average drawdown | 2.59 | 7.27 | -4.68 |
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 | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.50 | 0.96 | -0.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.35 | 0.70 | -0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 0.79 | -0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.56 | -0.04 |
Correlation
The correlation between JPPEX and SPY is 0.90, 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. SPY - Dividend Comparison
JPPEX's dividend yield for the trailing twelve months is around 6.62%, more than SPY's 1.13% 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% |
SPY State Street SPDR S&P 500 ETF | 1.13% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
JPPEX vs. SPY - Drawdown Comparison
The maximum JPPEX drawdown since its inception was -38.32%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for JPPEX and SPY.
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Drawdown Indicators
| JPPEX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.32% | -55.19% | +16.87% |
Max Drawdown (1Y)Largest decline over 1 year | -12.34% | -12.05% | -0.29% |
Max Drawdown (5Y)Largest decline over 5 years | -24.92% | -24.50% | -0.42% |
Max Drawdown (10Y)Largest decline over 10 years | -38.32% | -33.72% | -4.60% |
Current DrawdownCurrent decline from peak | -8.21% | -5.53% | -2.68% |
Average DrawdownAverage peak-to-trough decline | -5.46% | -9.09% | +3.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.75% | 2.54% | +0.21% |
Volatility
JPPEX vs. SPY - Volatility Comparison
The current volatility for JPMorgan Mid Cap Equity Fund Class R6 (JPPEX) is 4.41%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 5.35%. This indicates that JPPEX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JPPEX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.41% | 5.35% | -0.94% |
Volatility (6M)Calculated over the trailing 6-month period | 9.17% | 9.50% | -0.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.56% | 19.06% | -1.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.42% | 17.06% | +0.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.56% | 17.92% | +1.64% |