JPSE vs. SAWS
JPSE (JPMorgan Diversified Return U.S. Small Cap Equity ETF) and SAWS (AAM Sawgrass U.S. Small Cap Quality Growth ETF) are both exchange-traded funds - JPSE is a Small Cap Growth Equities fund tracking the JPMorgan Diversified Factor US Small Cap Equity Index, while SAWS is a Quality Factor fund actively managed by AAM. JPSE is passively managed, while SAWS is actively managed. Over the past year, JPSE returned 35.43% vs 28.85% for SAWS. Their correlation of 0.86 means they have usually moved in the same direction. JPSE charges 0.29%/yr vs 0.55%/yr for SAWS.
Performance
JPSE vs. SAWS - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, JPSE achieves a 20.54% return, which is significantly higher than SAWS's 17.29% return.
JPSE
- 1D
- 1.46%
- 1M
- 0.65%
- 6M
- 12.63%
- YTD
- 20.54%
- 1Y
- 35.43%
- 3Y*
- 14.13%
- 5Y*
- 8.74%
- 10Y*
- —
- ALL TIME*
- 10.87%
SAWS
- 1D
- 1.29%
- 1M
- -1.48%
- 6M
- 10.77%
- YTD
- 17.29%
- 1Y
- 28.85%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 14.43%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $998.97K | $1.47M | $1.84M | |
| $35.00K | $47.58K | $37.56K |
JPSE vs. SAWS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF | 20.54% | 8.77% | -1.60% |
SAWS AAM Sawgrass U.S. Small Cap Quality Growth ETF | 17.29% | 7.26% | 4.18% |
Correlation
The correlation between JPSE and SAWS is 0.85, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.85 |
Correlation (All Time) Calculated using the full available price history since Jul 31, 2024 | 0.86 |
The correlation between JPSE and SAWS has been stable across timeframes, ranging from 0.85 to 0.86 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
JPSE vs. SAWS — Risk / Return Rank
JPSE
SAWS
JPSE vs. SAWS - 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 AAM Sawgrass U.S. Small Cap Quality Growth ETF (SAWS). 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.
| JPSE | SAWS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.75 | ||
| Sortino ratioReturn per unit of downside risk | +0.99 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.26 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 4.45 | 2.83 | +1.62 |
| Martin ratioReturn relative to average drawdown | 16.25 | 8.42 | +7.84 |
Loading charts...
Drawdowns
JPSE vs. SAWS - Drawdown Comparison
The maximum JPSE drawdown since its inception was -43.02%, which is greater than SAWS's maximum drawdown of -22.04%. Use the drawdown chart below to compare losses from any high point for JPSE and SAWS.
Loading charts...
Drawdown Indicators
| JPSE | SAWS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.02% | -22.04% | -20.98% |
Max Drawdown (1Y)Largest decline over 1 year | -8.00% | -10.23% | +2.23% |
Max Drawdown (3Y)Largest decline over 3 years | -25.49% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -25.56% | — | — |
Current DrawdownCurrent decline from peak | -0.12% | -4.94% | +4.82% |
Average DrawdownAverage peak-to-trough decline | -7.31% | -5.39% | -1.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.19% | 3.44% | -1.25% |
Volatility
JPSE vs. SAWS - Volatility Comparison
The current volatility for JPMorgan Diversified Return U.S. Small Cap Equity ETF (JPSE) is 3.25%, while AAM Sawgrass U.S. Small Cap Quality Growth ETF (SAWS) has a volatility of 5.17%. This indicates that JPSE experiences smaller price fluctuations and is considered to be less risky than SAWS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| JPSE | SAWS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.25% | 5.17% | -1.92% |
Volatility (6M)Calculated over the trailing 6-month period | 10.86% | 14.73% | -3.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.71% | 19.06% | -3.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.92% | 20.90% | -0.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.69% | 20.90% | +0.79% |
JPSE vs. SAWS - Expense Ratio Comparison
JPSE has a 0.29% expense ratio, which is lower than SAWS's 0.55% expense ratio.
Dividends
JPSE vs. SAWS - Dividend Comparison
JPSE's dividend yield for the trailing twelve months is around 1.32%, more than SAWS's 0.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF | 1.32% | 1.62% | 1.66% | 1.76% | 1.55% | 1.24% | 1.32% | 1.23% | 1.18% | 0.74% | 0.14% |
SAWS AAM Sawgrass U.S. Small Cap Quality Growth ETF | 0.02% | 0.02% | 0.03% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JPSE and SAWS have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SAWS has higher volatility (5.17%) compared to JPSE (3.25%). In terms of maximum drawdown, JPSE dropped -43.02% vs SAWS's -22.04%.
On 1-year performance, JPSE leads with 35.43% vs 28.85% for SAWS. On fees, JPSE is cheaper at 0.29% per year. On volatility, JPSE has been the lower-risk option at 3.25%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, JPSE has performed better with a 35.43% return vs 28.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
JPSE is cheaper with a 0.29% expense ratio, compared with 0.55% for SAWS.
JPSE has the higher dividend yield at 1.32%, compared with 0.02% for SAWS.
JPSE is categorized as Small Cap Growth Equities, while SAWS is Quality Factor. They also come from different issuers: JPMorgan and AAM. Their fees differ too: 0.29% for JPSE and 0.55% for SAWS.
JPSE currently has the higher Sharpe Ratio (2.27 vs 1.52), 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.
Find the right allocation for JPSE and SAWS
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer