JPPEX vs. SPY
Compare and contrast key facts about JPMorgan Mid Cap Equity Fund Class R6 (JPPEX) and SPDR S&P 500 ETF (SPY).
JPPEX is managed by JPMorgan Chase. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JPPEX or SPY.
Correlation
The correlation between JPPEX and SPY is 0.91, 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
JPPEX vs. SPY - Performance Comparison
Key characteristics
JPPEX:
0.90
SPY:
1.81
JPPEX:
1.28
SPY:
2.43
JPPEX:
1.17
SPY:
1.33
JPPEX:
0.95
SPY:
2.74
JPPEX:
2.94
SPY:
11.36
JPPEX:
4.10%
SPY:
2.03%
JPPEX:
13.42%
SPY:
12.74%
JPPEX:
-40.32%
SPY:
-55.19%
JPPEX:
-6.74%
SPY:
-0.73%
Returns By Period
In the year-to-date period, JPPEX achieves a 3.84% return, which is significantly higher than SPY's 3.28% return. Over the past 10 years, JPPEX has underperformed SPY with an annualized return of 4.27%, while SPY has yielded a comparatively higher 13.17% annualized return.
JPPEX
3.84%
4.71%
7.94%
11.30%
5.25%
4.27%
SPY
3.28%
4.28%
12.39%
22.37%
14.20%
13.17%
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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.
Risk-Adjusted Performance
JPPEX vs. SPY — Risk-Adjusted Performance Rank
JPPEX
SPY
JPPEX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Mid Cap Equity Fund Class R6 (JPPEX) and 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.
Dividends
JPPEX vs. SPY - Dividend Comparison
JPPEX's dividend yield for the trailing twelve months is around 0.66%, less than SPY's 1.17% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JPPEX JPMorgan Mid Cap Equity Fund Class R6 | 0.66% | 0.68% | 0.73% | 0.73% | 0.36% | 0.58% | 1.04% | 0.86% | 0.42% | 0.40% | 0.35% | 0.41% |
SPY SPDR S&P 500 ETF | 1.17% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
JPPEX vs. SPY - Drawdown Comparison
The maximum JPPEX drawdown since its inception was -40.32%, 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. For additional features, visit the drawdowns tool.
Volatility
JPPEX vs. SPY - Volatility Comparison
The current volatility for JPMorgan Mid Cap Equity Fund Class R6 (JPPEX) is 3.20%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.41%. 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.