JPRE vs. ^GSPC
JPRE (JPMorgan Realty Income ETF) is REIT fund actively managed by JPMorgan, while ^GSPC (S&P 500 Index) is an index. Over the past 3 years, JPRE returned 11.27%/yr vs 19.34%/yr for ^GSPC. A 0.53 correlation means they provide meaningful diversification when combined.
Performance
JPRE vs. ^GSPC - Performance Comparison
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Returns By Period
In the year-to-date period, JPRE achieves a 13.89% return, which is significantly higher than ^GSPC's 7.48% return.
JPRE
- 1D
- 0.29%
- 1M
- 0.73%
- YTD
- 13.89%
- 6M
- 13.61%
- 1Y
- 13.80%
- 3Y*
- 11.27%
- 5Y*
- —
- 10Y*
- —
^GSPC
- 1D
- -0.01%
- 1M
- -2.15%
- YTD
- 7.48%
- 6M
- 6.14%
- 1Y
- 20.77%
- 3Y*
- 19.34%
- 5Y*
- 11.44%
- 10Y*
- 13.91%
JPRE vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
JPRE JPMorgan Realty Income ETF | 13.89% | 1.36% | 7.43% | 13.41% | -9.60% |
^GSPC S&P 500 Index | 7.48% | 16.39% | 23.31% | 24.23% | -1.59% |
Correlation
The correlation between JPRE and ^GSPC is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since May 23, 2022 | 0.53 |
Over the past year, the correlation between JPRE and ^GSPC has dropped to 0.20 - well below their long-term average of 0.53, suggesting their price drivers have been diverging.
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Return for Risk
JPRE vs. ^GSPC — Risk / Return Rank
JPRE
^GSPC
JPRE vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Realty Income ETF (JPRE) and S&P 500 Index (^GSPC). 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.
| JPRE | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.64 | ||
| Sortino ratioReturn per unit of downside risk | -0.84 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.30 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.80 | 2.29 | -0.49 |
| Martin ratioReturn relative to average drawdown | 4.99 | 10.09 | -5.10 |
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Drawdowns
JPRE vs. ^GSPC - Drawdown Comparison
The maximum JPRE drawdown since its inception was -23.84%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for JPRE and ^GSPC.
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Drawdown Indicators
| JPRE | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.84% | -56.78% | +32.94% |
Max Drawdown (1Y)Largest decline over 1 year | -7.70% | -9.10% | +1.40% |
Max Drawdown (3Y)Largest decline over 3 years | -16.27% | -18.90% | +2.63% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.16% | -3.32% | +3.16% |
Average DrawdownAverage peak-to-trough decline | -8.05% | -10.71% | +2.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.77% | 2.06% | +0.71% |
Volatility
JPRE vs. ^GSPC - Volatility Comparison
JPMorgan Realty Income ETF (JPRE) has a higher volatility of 5.55% compared to S&P 500 Index (^GSPC) at 4.82%. This indicates that JPRE's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JPRE | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.55% | 4.82% | +0.73% |
Volatility (6M)Calculated over the trailing 6-month period | 10.41% | 9.88% | +0.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.71% | 12.50% | +1.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.29% | 17.00% | +1.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.29% | 18.07% | +0.22% |
Frequently Asked Questions
JPRE and ^GSPC have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JPRE has higher volatility (5.55%) compared to ^GSPC (4.82%). In terms of maximum drawdown, JPRE dropped -23.84% vs ^GSPC's -56.78%.
^GSPC currently has the higher Sharpe Ratio (1.67 vs 1.03), 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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