JPSE vs. IJR
Compare and contrast key facts about JPMorgan Diversified Return U.S. Small Cap Equity ETF (JPSE) and iShares Core S&P Small-Cap ETF (IJR).
JPSE and IJR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JPSE is a passively managed fund by JPMorgan Chase that tracks the performance of the JPMorgan Diversified Factor US Small Cap Equity Index. It was launched on Nov 15, 2016. IJR is a passively managed fund by iShares that tracks the performance of the S&P SmallCap 600 Index. It was launched on May 22, 2000. Both JPSE and IJR are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JPSE or IJR.
Performance
JPSE vs. IJR - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with JPSE having a 13.48% return and IJR slightly lower at 13.04%.
JPSE
13.48%
3.28%
10.95%
26.84%
11.51%
N/A
IJR
13.04%
4.26%
11.52%
28.60%
10.31%
9.67%
Key characteristics
| JPSE | IJR | |
|---|---|---|
| Sharpe Ratio | 1.36 | 1.36 |
| Sortino Ratio | 2.03 | 2.05 |
| Omega Ratio | 1.25 | 1.24 |
| Calmar Ratio | 1.77 | 1.50 |
| Martin Ratio | 7.37 | 7.58 |
| Ulcer Index | 3.46% | 3.57% |
| Daily Std Dev | 18.79% | 19.93% |
| Max Drawdown | -43.02% | -58.15% |
| Current Drawdown | -3.62% | -4.15% |
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JPSE vs. IJR - Expense Ratio Comparison
JPSE has a 0.29% expense ratio, which is higher than IJR's 0.07% expense ratio.
Correlation
The correlation between JPSE and IJR is 0.97, 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.
Risk-Adjusted Performance
JPSE vs. IJR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Diversified Return U.S. Small Cap Equity ETF (JPSE) and iShares Core S&P Small-Cap ETF (IJR). 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
JPSE vs. IJR - Dividend Comparison
JPSE's dividend yield for the trailing twelve months is around 1.64%, more than IJR's 1.25% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF | 1.64% | 1.76% | 1.55% | 1.24% | 1.32% | 1.23% | 1.18% | 0.74% | 0.14% | 0.00% | 0.00% | 0.00% |
IJR iShares Core S&P Small-Cap ETF | 1.25% | 1.31% | 1.41% | 1.53% | 1.11% | 1.44% | 1.58% | 1.20% | 1.21% | 1.48% | 1.23% | 1.00% |
Drawdowns
JPSE vs. IJR - Drawdown Comparison
The maximum JPSE drawdown since its inception was -43.02%, smaller than the maximum IJR drawdown of -58.15%. Use the drawdown chart below to compare losses from any high point for JPSE and IJR. For additional features, visit the drawdowns tool.
Volatility
JPSE vs. IJR - Volatility Comparison
JPMorgan Diversified Return U.S. Small Cap Equity ETF (JPSE) and iShares Core S&P Small-Cap ETF (IJR) have volatilities of 7.07% and 7.42%, 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.