JPUS vs. ACLAX

Last updated Jun 24, 2026

JPUS (JPMorgan Diversified Return US Equity ETF) and ACLAX (American Century Mid Cap Value Fund A Class) are both funds - JPUS is a Large Cap Blend Equities fund tracking the JPMorgan Diversified Factor US Equity Index, while ACLAX is a Mid Cap Value Equities fund managed by American Century. Over the past 10 years, JPUS returned 11.73%/yr vs 8.96%/yr for ACLAX. Their correlation of 0.89 suggests significant overlap in exposure. JPUS charges 0.18%/yr vs 1.22%/yr for ACLAX.

Performance

JPUS vs. ACLAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Diversified Return US Equity ETF (JPUS) and American Century Mid Cap Value Fund A Class (ACLAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JPUS achieves a 12.21% return, which is significantly higher than ACLAX's 8.80% return. Over the past 10 years, JPUS has outperformed ACLAX with an annualized return of 11.73%, while ACLAX has yielded a comparatively lower 8.96% annualized return.

JPUS

• 1D: -0.54%
• 1M: 1.04%
• YTD: 12.21%
• 6M: 11.30%
• 1Y: 20.72%
• 3Y*: 15.87%
• 5Y*: 9.94%
• 10Y*: 11.73%

ACLAX

• 1D: 0.13%
• 1M: 1.01%
• YTD: 8.80%
• 6M: 8.14%
• 1Y: 16.21%
• 3Y*: 10.69%
• 5Y*: 7.41%
• 10Y*: 8.96%

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

JPUS vs. ACLAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JPUS JPMorgan Diversified Return US Equity ETF	12.21%	11.18%	13.48%	10.98%	-8.47%	29.09%	7.54%	25.50%	-6.14%	20.58%
ACLAX American Century Mid Cap Value Fund A Class	8.80%	8.52%	8.18%	5.93%	-1.53%	23.01%	1.44%	28.55%	-12.93%	11.31%

Correlation

The correlation between JPUS and ACLAX 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	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (10Y) Calculated over the trailing 10-year period	0.93
Correlation (All Time) Calculated using the full available price history since Sep 30, 2015	0.89

The correlation between JPUS and ACLAX has been stable across timeframes, ranging from 0.89 to 0.94 - a consistent structural relationship.

Return for Risk

JPUS vs. ACLAX — Risk / Return Rank

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

JPUS

JPUS Risk / Return Rank: 65
JPUS Sharpe Ratio Rank: 64
JPUS Sortino Ratio Rank: 66
JPUS Omega Ratio Rank: 60
JPUS Calmar Ratio Rank: 64
JPUS Martin Ratio Rank: 70

ACLAX

ACLAX Risk / Return Rank: 31
ACLAX Sharpe Ratio Rank: 30
ACLAX Sortino Ratio Rank: 33
ACLAX Omega Ratio Rank: 28
ACLAX Calmar Ratio Rank: 33
ACLAX Martin Ratio Rank: 30

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.

JPUS vs. ACLAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Diversified Return US Equity ETF (JPUS) and American Century Mid Cap Value Fund A Class (ACLAX). 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.

	JPUS	ACLAX	Difference
Sharpe ratio: Return per unit of total volatility	1.98	1.45	+0.53
Sortino ratio: Return per unit of downside risk	2.87	2.22	+0.65
Omega ratio: Gain probability vs. loss probability	1.35	1.26	+0.09
Calmar ratio: Return relative to maximum drawdown	3.02	2.05	+0.97
Martin ratio: Return relative to average drawdown	12.07	6.57	+5.51

JPUS vs. ACLAX - Sharpe Ratio Comparison

The current JPUS Sharpe Ratio is 1.98, which is higher than the ACLAX Sharpe Ratio of 1.45. The chart below compares the historical Sharpe Ratios of JPUS and ACLAX, 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

JPUS vs. ACLAX - Drawdown Comparison

The maximum JPUS drawdown since its inception was -38.69%, smaller than the maximum ACLAX drawdown of -51.37%. Use the drawdown chart below to compare losses from any high point for JPUS and ACLAX.

Drawdown Indicators

	JPUS	ACLAX	Difference
Max Drawdown Largest peak-to-trough decline	-38.69%	-51.37%	+12.68%
Max Drawdown (1Y) Largest decline over 1 year	-6.90%	-8.50%	+1.60%
Max Drawdown (3Y) Largest decline over 3 years	-15.96%	-14.67%	-1.29%
Max Drawdown (5Y) Largest decline over 5 years	-19.04%	-17.55%	-1.49%
Max Drawdown (10Y) Largest decline over 10 years	-38.69%	-39.24%	+0.55%
Current Drawdown Current decline from peak	-1.49%	-1.61%	+0.12%
Average Drawdown Average peak-to-trough decline	-3.81%	-6.25%	+2.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.72%	2.65%	-0.93%

Volatility

JPUS vs. ACLAX - Volatility Comparison

JPMorgan Diversified Return US Equity ETF (JPUS) and American Century Mid Cap Value Fund A Class (ACLAX) have volatilities of 3.05% and 3.16%, 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

	JPUS	ACLAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.05%	3.16%	-0.11%
Volatility (6M) Calculated over the trailing 6-month period	7.75%	8.61%	-0.86%
Volatility (1Y) Calculated over the trailing 1-year period	10.54%	12.00%	-1.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.49%	14.63%	-0.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.75%	17.49%	-0.74%

JPUS vs. ACLAX - Expense Ratio Comparison

JPUS has a 0.18% expense ratio, which is lower than ACLAX's 1.22% expense ratio.

Dividends

JPUS vs. ACLAX - Dividend Comparison

JPUS's dividend yield for the trailing twelve months is around 2.03%, less than ACLAX's 13.72% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ACLAX American Century Mid Cap Value Fund A Class	13.72%	14.24%	8.53%	5.01%	14.77%	15.72%	1.62%	1.23%	14.17%	9.25%	3.82%	10.86%
JPUS JPMorgan Diversified Return US Equity ETF	2.03%	2.27%	2.12%	2.26%	2.35%	1.67%	1.94%	2.09%	2.16%	1.25%	0.77%	0.48%

Frequently Asked Questions

Can I hold both JPUS and ACLAX in my portfolio?

With a correlation of 0.92, JPUS and ACLAX 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 is riskier, JPUS or ACLAX?

ACLAX has higher volatility (3.16%) compared to JPUS (3.05%). In terms of maximum drawdown, JPUS dropped -38.69% vs ACLAX's -51.37%.

Which has better risk-adjusted returns?

JPUS currently has the higher Sharpe Ratio (1.98 vs 1.45), 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.