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JPSE vs. ISCG
Performance
Return for Risk
Dividends
Drawdowns
Volatility

JPSE vs. ISCG

Last updated Apr 1, 2026

Compare and contrast key facts about JPMorgan Diversified Return U.S. Small Cap Equity ETF (JPSE) and iShares Morningstar Small-Cap Growth ETF (ISCG).

JPSE and ISCG 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 that tracks the performance of the JPMorgan Diversified Factor US Small Cap Equity Index. It was launched on Nov 15, 2016. ISCG is a passively managed fund by iShares that tracks the performance of the Morningstar US Small Cap Broad Growth Extended Index. It was launched on Jun 28, 2004. Both JPSE and ISCG are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

JPSE vs. ISCG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Diversified Return U.S. Small Cap Equity ETF (JPSE) and iShares Morningstar Small-Cap Growth ETF (ISCG). The values are adjusted to include any dividend payments, if applicable.

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JPSE vs. ISCG - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
JPSE
JPMorgan Diversified Return U.S. Small Cap Equity ETF		4.88%8.77%8.07%15.87%-14.40%29.31%12.49%22.95%-8.61%14.38%
ISCG
iShares Morningstar Small-Cap Growth ETF		-1.05%12.88%13.35%23.13%-26.75%-1.26%43.41%27.66%-6.91%24.68%

Returns By Period

In the year-to-date period, JPSE achieves a 4.88% return, which is significantly higher than ISCG's -1.05% return.

JPSE

1D
2.12%
1M
-3.77%
YTD
4.88%
6M
6.09%
1Y
22.22%
3Y*
11.49%
5Y*
5.73%
10Y*
—

ISCG

1D
3.44%
1M
-6.67%
YTD
-1.05%
6M
1.24%
1Y
22.45%
3Y*
12.87%
5Y*
2.31%
10Y*
10.56%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

JPMorgan Diversified Return U.S. Small Cap Equity ETF

iShares Morningstar Small-Cap Growth ETF

Often compared with JPSE:
JPSE vs. PULSJPSE vs. FLQMJPSE vs. BIGZJPSE vs. IWMJPSE vs. IJRJPSE vs. BITOJPSE vs. PFFA
Often compared with ISCG:
ISCG vs. VBKISCG vs. ISCBISCG vs. IJTISCG vs. IJRISCG vs. VIOGISCG vs. VBRISCG vs. VB

JPSE vs. ISCG - Expense Ratio Comparison

JPSE has a 0.29% expense ratio, which is higher than ISCG's 0.06% expense ratio.

JPSE
JPMorgan Diversified Return U.S. Small Cap Equity ETF
ISCG
iShares Morningstar Small-Cap Growth ETF

Return for Risk

JPSE vs. ISCG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
JPSE
JPSE Risk / Return Rank: 6565
Overall Rank
JPSE Sharpe Ratio Rank: 6464
Sharpe Ratio Rank
JPSE Sortino Ratio Rank: 6666
Sortino Ratio Rank
JPSE Omega Ratio Rank: 5959
Omega Ratio Rank
JPSE Calmar Ratio Rank: 6767
Calmar Ratio Rank
JPSE Martin Ratio Rank: 7070
Martin Ratio Rank
ISCG
ISCG Risk / Return Rank: 6161
Overall Rank
ISCG Sharpe Ratio Rank: 5757
Sharpe Ratio Rank
ISCG Sortino Ratio Rank: 6161
Sortino Ratio Rank
ISCG Omega Ratio Rank: 5555
Omega Ratio Rank
ISCG Calmar Ratio Rank: 6565
Calmar Ratio Rank
ISCG Martin Ratio Rank: 6666
Martin Ratio Rank
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.

JPSE vs. ISCG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Diversified Return U.S. Small Cap Equity ETF (JPSE) and iShares Morningstar Small-Cap Growth ETF (ISCG). 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.

JPSEISCGDifference

Sharpe ratio

Return per unit of total volatility

1.11

0.97

+0.14

Sortino ratio

Return per unit of downside risk

1.66

1.50

+0.16

Omega ratio

Gain probability vs. loss probability

1.22

1.20

+0.02

Calmar ratio

Return relative to maximum drawdown

1.69

1.58

+0.11

Martin ratio

Return relative to average drawdown

7.13

6.35

+0.77

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JPSE vs. ISCG - Sharpe Ratio Comparison

The current JPSE Sharpe Ratio is 1.11, which is comparable to the ISCG Sharpe Ratio of 0.97. The chart below compares the historical Sharpe Ratios of JPSE and ISCG, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

JPSEISCGDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.11

0.97

+0.14

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.29

0.10

+0.18

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.46

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.44

0.38

+0.06

Correlation

The correlation between JPSE and ISCG is 0.87, 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

JPSE vs. ISCG - Dividend Comparison

JPSE's dividend yield for the trailing twelve months is around 1.52%, more than ISCG's 0.64% yield.

TTM20252024202320222021202020192018201720162015
JPSE
JPMorgan Diversified Return U.S. Small Cap Equity ETF		1.52%1.62%1.66%1.76%1.55%1.24%1.32%1.23%1.18%0.74%0.14%0.00%
ISCG
iShares Morningstar Small-Cap Growth ETF		0.64%0.61%0.84%0.77%0.92%0.62%0.10%0.27%0.40%0.52%1.19%0.64%

Drawdowns

JPSE vs. ISCG - Drawdown Comparison

The maximum JPSE drawdown since its inception was -43.02%, smaller than the maximum ISCG drawdown of -57.72%. Use the drawdown chart below to compare losses from any high point for JPSE and ISCG.

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Drawdown Indicators

JPSEISCGDifference

Max Drawdown

Largest peak-to-trough decline

-43.02%

-57.72%

+14.70%

Max Drawdown (1Y)

Largest decline over 1 year

-13.42%

-14.09%

+0.67%

Max Drawdown (5Y)

Largest decline over 5 years

-25.56%

-37.80%

+12.24%

Max Drawdown (10Y)

Largest decline over 10 years

—

-41.48%

—

Current Drawdown

Current decline from peak

-4.86%

-8.39%

+3.53%

Average Drawdown

Average peak-to-trough decline

-7.54%

-11.71%

+4.17%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.17%

3.50%

-0.33%

Volatility

JPSE vs. ISCG - Volatility Comparison

The current volatility for JPMorgan Diversified Return U.S. Small Cap Equity ETF (JPSE) is 5.95%, while iShares Morningstar Small-Cap Growth ETF (ISCG) has a volatility of 7.39%. This indicates that JPSE experiences smaller price fluctuations and is considered to be less risky than ISCG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

JPSEISCGDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.95%

7.39%

-1.44%

Volatility (6M)

Calculated over the trailing 6-month period

11.66%

14.01%

-2.35%

Volatility (1Y)

Calculated over the trailing 1-year period

20.11%

23.33%

-3.22%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.19%

22.98%

-2.79%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.93%

23.12%

-1.19%