JPSC.DE vs. SMLK.DE

Last updated Jun 5, 2026

JPSC.DE (JPMorgan BetaBuilders US Small Cap Equity UCITS ETF USD (acc)) and SMLK.DE (Invesco S&P SmallCap 600 UCITS ETF A) are both Small Cap Blend Equities funds - JPSC.DE tracks the Morningstar US Small Cap Target Market Exposure while SMLK.DE tracks the S&P SmallCap 600. Both are passively managed. Over the past 3 years, JPSC.DE returned 15.99%/yr vs 12.46%/yr for SMLK.DE. Their correlation of 0.94 suggests significant overlap in exposure. Both charge a 0.14% expense ratio.

Performance

JPSC.DE vs. SMLK.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in JPMorgan BetaBuilders US Small Cap Equity UCITS ETF USD (acc) (JPSC.DE) and Invesco S&P SmallCap 600 UCITS ETF A (SMLK.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with JPSC.DE having a 16.44% return and SMLK.DE slightly lower at 15.73%.

JPSC.DE

• 1D: 0.23%
• 1M: 4.19%
• YTD: 16.44%
• 6M: 16.38%
• 1Y: 31.93%
• 3Y*: 15.99%
• 5Y*: —
• 10Y*: —

SMLK.DE

• 1D: 0.95%
• 1M: 2.49%
• YTD: 15.73%
• 6M: 16.04%
• 1Y: 31.03%
• 3Y*: 12.46%
• 5Y*: 6.92%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

JPSC.DE vs. SMLK.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
JPSC.DE JPMorgan BetaBuilders US Small Cap Equity UCITS ETF USD (acc)	16.44%	0.02%	20.04%	16.16%	-14.38%
SMLK.DE Invesco S&P SmallCap 600 UCITS ETF A	15.73%	-4.02%	13.30%	13.97%	-13.51%

Correlation

The correlation between JPSC.DE and SMLK.DE is 0.92, 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	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (All Time) Calculated using the full available price history since Aug 18, 2022	0.94

The correlation between JPSC.DE and SMLK.DE has been stable across timeframes, ranging from 0.92 to 0.94 - a consistent structural relationship.

Return for Risk

JPSC.DE vs. SMLK.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JPSC.DE

JPSC.DE Risk / Return Rank: 69
JPSC.DE Sharpe Ratio Rank: 60
JPSC.DE Sortino Ratio Rank: 59
JPSC.DE Omega Ratio Rank: 58
JPSC.DE Calmar Ratio Rank: 87
JPSC.DE Martin Ratio Rank: 77

SMLK.DE

SMLK.DE Risk / Return Rank: 66
SMLK.DE Sharpe Ratio Rank: 56
SMLK.DE Sortino Ratio Rank: 56
SMLK.DE Omega Ratio Rank: 55
SMLK.DE Calmar Ratio Rank: 88
SMLK.DE Martin Ratio Rank: 76

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

JPSC.DE vs. SMLK.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders US Small Cap Equity UCITS ETF USD (acc) (JPSC.DE) and Invesco S&P SmallCap 600 UCITS ETF A (SMLK.DE). 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.

	JPSC.DE	SMLK.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.00	1.88	+0.12
Sortino ratio: Return per unit of downside risk	2.75	2.63	+0.11
Omega ratio: Gain probability vs. loss probability	1.35	1.33	+0.02
Calmar ratio: Return relative to maximum drawdown	5.00	5.02	-0.03
Martin ratio: Return relative to average drawdown	14.78	14.18	+0.60
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JPSC.DE vs. SMLK.DE - Sharpe Ratio Comparison

The current JPSC.DE Sharpe Ratio is 2.00, which is comparable to the SMLK.DE Sharpe Ratio of 1.88. The chart below compares the historical Sharpe Ratios of JPSC.DE and SMLK.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	JPSC.DE	SMLK.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.00	1.88	+0.12
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.34	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	0.34	+0.14

Drawdowns

JPSC.DE vs. SMLK.DE - Drawdown Comparison

The maximum JPSC.DE drawdown since its inception was -30.63%, smaller than the maximum SMLK.DE drawdown of -32.69%. Use the drawdown chart below to compare losses from any high point for JPSC.DE and SMLK.DE.

Drawdown Indicators

	JPSC.DE	SMLK.DE	Difference
Max Drawdown Largest peak-to-trough decline	-30.63%	-32.69%	+2.06%
Max Drawdown (1Y) Largest decline over 1 year	-6.36%	-6.15%	-0.21%
Max Drawdown (3Y) Largest decline over 3 years	-30.63%	-32.69%	+2.06%
Max Drawdown (5Y) Largest decline over 5 years	—	-32.69%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-8.19%	-8.96%	+0.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.15%	2.18%	-0.03%

Volatility

JPSC.DE vs. SMLK.DE - Volatility Comparison

JPMorgan BetaBuilders US Small Cap Equity UCITS ETF USD (acc) (JPSC.DE) and Invesco S&P SmallCap 600 UCITS ETF A (SMLK.DE) have volatilities of 3.96% and 4.06%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JPSC.DE	SMLK.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.96%	4.06%	-0.10%
Volatility (6M) Calculated over the trailing 6-month period	10.39%	10.55%	-0.16%
Volatility (1Y) Calculated over the trailing 1-year period	15.90%	16.46%	-0.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.93%	20.01%	-1.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.93%	19.98%	-1.05%

JPSC.DE vs. SMLK.DE - Expense Ratio Comparison

Both JPSC.DE and SMLK.DE have an expense ratio of 0.14%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

JPSC.DE vs. SMLK.DE - Dividend Comparison

Neither JPSC.DE nor SMLK.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both JPSC.DE and SMLK.DE in my portfolio?

With a correlation of 0.92, JPSC.DE and SMLK.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, JPSC.DE or SMLK.DE?

Both ETFs have the same 0.14% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JPSC.DE or SMLK.DE?

JPSC.DE and SMLK.DE have the same expense ratio: 0.14% per year.

What is the main difference between JPSC.DE and SMLK.DE?

JPSC.DE tracks Morningstar US Small Cap Target Market Exposure, while SMLK.DE tracks S&P SmallCap 600. They also come from different issuers: JPMorgan and Invesco.