JPSV vs. SMCF

Last updated Jun 26, 2026

JPSV (Jpmorgan Active Small Cap Value ETF) and SMCF (Themes US Small Cap Cash Flow Champions ETF) are both Small Cap Value Equities funds. JPSV is actively managed, while SMCF is passively managed. Over the past year, JPSV returned 24.52% vs 32.88% for SMCF. Their correlation of 0.88 suggests significant overlap in exposure. JPSV charges 0.74%/yr vs 0.29%/yr for SMCF.

Performance

JPSV vs. SMCF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Jpmorgan Active Small Cap Value ETF (JPSV) and Themes US Small Cap Cash Flow Champions ETF (SMCF). 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 JPSV having a 17.70% return and SMCF slightly lower at 17.02%.

JPSV

• 1D: 0.78%
• 1M: 5.25%
• YTD: 17.70%
• 6M: 15.82%
• 1Y: 24.52%
• 3Y*: 13.80%
• 5Y*: —
• 10Y*: —

SMCF

• 1D: 0.05%
• 1M: 1.34%
• YTD: 17.02%
• 6M: 14.44%
• 1Y: 32.88%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JPSV vs. SMCF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
JPSV Jpmorgan Active Small Cap Value ETF	17.70%	0.63%	8.73%	6.24%
SMCF Themes US Small Cap Cash Flow Champions ETF	17.02%	9.56%	16.30%	7.07%

Correlation

The correlation between JPSV and SMCF is 0.84, 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	0.84
Correlation (All Time) Calculated using the full available price history since Dec 13, 2023	0.88

The correlation between JPSV and SMCF has been stable across timeframes, ranging from 0.84 to 0.88 - a consistent structural relationship.

JPSV vs. SMCF - Sectors Allocation Comparison

Sectors	JPSV	SMCF
Financial Services	25.3%	48.8%
Industrials	12.4%	9.1%
Consumer Cyclical	9.8%	3.1%
Real Estate	9.0%	0.5%
Technology	8.3%	13.0%
Communication Services	6.0%	1.6%
Utilities	5.4%	-
Healthcare	5.2%	4.8%
Energy	5.2%	17.1%
Basic Materials	4.9%	0.7%
Consumer Defensive	2.4%	1.3%

Return for Risk

JPSV vs. SMCF — Risk / Return Rank

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

JPSV

JPSV Risk / Return Rank: 54
JPSV Sharpe Ratio Rank: 52
JPSV Sortino Ratio Rank: 57
JPSV Omega Ratio Rank: 51
JPSV Calmar Ratio Rank: 63
JPSV Martin Ratio Rank: 48

SMCF

SMCF Risk / Return Rank: 77
SMCF Sharpe Ratio Rank: 73
SMCF Sortino Ratio Rank: 76
SMCF Omega Ratio Rank: 71
SMCF Calmar Ratio Rank: 89
SMCF Martin Ratio Rank: 75

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.

JPSV vs. SMCF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Jpmorgan Active Small Cap Value ETF (JPSV) and Themes US Small Cap Cash Flow Champions ETF (SMCF). 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.

	JPSV	SMCF	Difference
Sharpe ratio: Return per unit of total volatility	1.58	2.06	-0.47
Sortino ratio: Return per unit of downside risk	2.39	2.96	-0.56
Omega ratio: Gain probability vs. loss probability	1.28	1.37	-0.08
Calmar ratio: Return relative to maximum drawdown	2.73	4.63	-1.90
Martin ratio: Return relative to average drawdown	7.37	12.40	-5.02

JPSV vs. SMCF - Sharpe Ratio Comparison

The current JPSV Sharpe Ratio is 1.58, which is comparable to the SMCF Sharpe Ratio of 2.06. The chart below compares the historical Sharpe Ratios of JPSV and SMCF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

JPSV vs. SMCF - Drawdown Comparison

The maximum JPSV drawdown since its inception was -22.78%, smaller than the maximum SMCF drawdown of -28.48%. Use the drawdown chart below to compare losses from any high point for JPSV and SMCF.

Drawdown Indicators

	JPSV	SMCF	Difference
Max Drawdown Largest peak-to-trough decline	-22.78%	-28.48%	+5.70%
Max Drawdown (1Y) Largest decline over 1 year	-9.02%	-7.13%	-1.89%
Max Drawdown (3Y) Largest decline over 3 years	-22.78%	—	—
Current Drawdown Current decline from peak	0.00%	-0.03%	+0.03%
Average Drawdown Average peak-to-trough decline	-5.53%	-5.18%	-0.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.33%	2.66%	+0.67%

Volatility

JPSV vs. SMCF - Volatility Comparison

Jpmorgan Active Small Cap Value ETF (JPSV) has a higher volatility of 3.71% compared to Themes US Small Cap Cash Flow Champions ETF (SMCF) at 3.22%. This indicates that JPSV's price experiences larger fluctuations and is considered to be riskier than SMCF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JPSV	SMCF	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.71%	3.22%	+0.49%
Volatility (6M) Calculated over the trailing 6-month period	10.15%	9.86%	+0.29%
Volatility (1Y) Calculated over the trailing 1-year period	15.59%	16.08%	-0.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.85%	20.18%	-2.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.85%	20.18%	-2.33%

JPSV vs. SMCF - Expense Ratio Comparison

JPSV has a 0.74% expense ratio, which is higher than SMCF's 0.29% expense ratio.

Dividends

JPSV vs. SMCF - Dividend Comparison

JPSV's dividend yield for the trailing twelve months is around 1.20%, less than SMCF's 3.34% yield.

Position	TTM	2025	2024	2023
JPSV Jpmorgan Active Small Cap Value ETF	1.20%	1.42%	1.21%	1.09%
SMCF Themes US Small Cap Cash Flow Champions ETF	3.34%	3.91%	0.61%	0.00%

Frequently Asked Questions

Can I hold both JPSV and SMCF in my portfolio?

JPSV and SMCF have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JPSV or SMCF?

JPSV has higher volatility (3.71%) compared to SMCF (3.22%). In terms of maximum drawdown, JPSV dropped -22.78% vs SMCF's -28.48%.

Which ETF is better, JPSV or SMCF?

On 1-year performance, SMCF leads with 32.88% vs 24.52% for JPSV. On fees, SMCF is cheaper at 0.29% per year. On volatility, SMCF has been the lower-risk option at 3.22%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JPSV or SMCF?

Over the 1-year period, SMCF has performed better with a 32.88% return vs 24.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JPSV or SMCF?

SMCF is cheaper with a 0.29% expense ratio, compared with 0.74% for JPSV.

Which ETF pays a higher dividend yield, JPSV or SMCF?

SMCF has the higher dividend yield at 3.34%, compared with 1.20% for JPSV.

What is the main difference between JPSV and SMCF?

They also come from different issuers: JPMorgan and Themes. Their fees differ too: 0.74% for JPSV and 0.29% for SMCF.

Which has better risk-adjusted returns?

SMCF currently has the higher Sharpe Ratio (2.06 vs 1.58), 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.