JPUS vs. AVDE

Last updated Jul 21, 2026

JPUS (JPMorgan Diversified Return US Equity ETF) and AVDE (Avantis International Equity ETF) are both exchange-traded funds - JPUS is a Large Cap Blend Equities fund tracking the JPMorgan Diversified Factor US Equity Index, while AVDE is a Foreign Large Cap Equities fund actively managed by Avantis. JPUS is passively managed, while AVDE is actively managed. Over the past 5 years, JPUS returned 10.09%/yr vs 10.39%/yr for AVDE. A 0.77 correlation means they provide meaningful diversification when combined. JPUS charges 0.18%/yr vs 0.23%/yr for AVDE.

Performance

JPUS vs. AVDE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Diversified Return US Equity ETF (JPUS) and Avantis International Equity ETF (AVDE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JPUS achieves a 14.28% return, which is significantly higher than AVDE's 9.27% return.

JPUS

• 1D: -0.52%
• 1M: 1.73%
• 6M: 9.76%
• YTD: 14.28%
• 1Y: 20.45%
• 3Y*: 14.33%
• 5Y*: 10.09%
• 10Y*: 11.27%
• ALL TIME*: 12.05%

AVDE

• 1D: -0.73%
• 1M: -1.74%
• 6M: 5.15%
• YTD: 9.27%
• 1Y: 23.56%
• 3Y*: 17.96%
• 5Y*: 10.39%
• 10Y*: —
• ALL TIME*: 11.70%

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

JPUS vs. AVDE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
JPUS JPMorgan Diversified Return US Equity ETF	14.28%	11.18%	13.48%	10.98%	-8.47%	29.09%	7.54%	5.71%
AVDE Avantis International Equity ETF	9.27%	38.05%	4.88%	17.18%	-13.68%	13.62%	8.26%	7.95%

Correlation

The correlation between JPUS and AVDE is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.67
Correlation (3Y) Calculated over the trailing 3-year period	0.69
Correlation (5Y) Calculated over the trailing 5-year period	0.75
Correlation (All Time) Calculated using the full available price history since Sep 26, 2019	0.77

The correlation between JPUS and AVDE shifts across timeframes, from 0.67 (1 year) to 0.77 (all time), reflecting how their relationship changes across market environments.

JPUS vs. AVDE - Sectors Allocation Comparison

Sectors	JPUS	AVDE
Healthcare	12.3%	5.9%
Consumer Defensive	11.2%	4.5%
Real Estate	10.7%	1.4%
Utilities	10.1%	4.0%
Technology	10.0%	8.7%
Industrials	9.6%	20.2%
Financial Services	8.6%	24.9%
Consumer Cyclical	8.3%	9.4%
Energy	7.2%	6.9%
Basic Materials	6.4%	10.3%
Communication Services	4.4%	3.8%

Return for Risk

JPUS vs. AVDE — Risk / Return Rank

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

JPUS

JPUS Risk / Return Rank: 81
JPUS Sharpe Ratio Rank: 82
JPUS Sortino Ratio Rank: 84
JPUS Omega Ratio Rank: 79
JPUS Calmar Ratio Rank: 78
JPUS Martin Ratio Rank: 83

AVDE

AVDE Risk / Return Rank: 61
AVDE Sharpe Ratio Rank: 64
AVDE Sortino Ratio Rank: 63
AVDE Omega Ratio Rank: 61
AVDE Calmar Ratio Rank: 54
AVDE Martin Ratio Rank: 62

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. AVDE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Diversified Return US Equity ETF (JPUS) and Avantis International Equity ETF (AVDE). 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	AVDE	Difference
Sharpe ratio: Return per unit of total volatility	1.98	1.56	+0.42
Sortino ratio: Return per unit of downside risk	2.91	2.20	+0.71
Omega ratio: Gain probability vs. loss probability	1.35	1.28	+0.07
Calmar ratio: Return relative to maximum drawdown	2.98	2.06	+0.92
Martin ratio: Return relative to average drawdown	11.98	7.96	+4.02

JPUS vs. AVDE - Sharpe Ratio Comparison

The current JPUS Sharpe Ratio is 1.98, which is comparable to the AVDE Sharpe Ratio of 1.56. The chart below compares the historical Sharpe Ratios of JPUS and AVDE, 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. AVDE - Drawdown Comparison

The maximum JPUS drawdown since its inception was -38.69%, roughly equal to the maximum AVDE drawdown of -36.99%. Use the drawdown chart below to compare losses from any high point for JPUS and AVDE.

Drawdown Indicators

	JPUS	AVDE	Difference
Max Drawdown Largest peak-to-trough decline	-38.69%	-36.99%	-1.70%
Max Drawdown (1Y) Largest decline over 1 year	-6.90%	-11.48%	+4.58%
Max Drawdown (3Y) Largest decline over 3 years	-15.96%	-13.46%	-2.50%
Max Drawdown (5Y) Largest decline over 5 years	-19.04%	-28.73%	+9.69%
Max Drawdown (10Y) Largest decline over 10 years	-38.69%	—	—
Current Drawdown Current decline from peak	-0.92%	-2.52%	+1.60%
Average Drawdown Average peak-to-trough decline	-3.78%	-6.08%	+2.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.71%	2.97%	-1.26%

Volatility

JPUS vs. AVDE - Volatility Comparison

The current volatility for JPMorgan Diversified Return US Equity ETF (JPUS) is 2.16%, while Avantis International Equity ETF (AVDE) has a volatility of 3.83%. This indicates that JPUS experiences smaller price fluctuations and is considered to be less risky than AVDE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JPUS	AVDE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.16%	3.83%	-1.67%
Volatility (6M) Calculated over the trailing 6-month period	7.65%	13.14%	-5.49%
Volatility (1Y) Calculated over the trailing 1-year period	10.39%	15.23%	-4.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.45%	16.35%	-1.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.71%	18.86%	-2.15%

JPUS vs. AVDE - Expense Ratio Comparison

JPUS has a 0.18% expense ratio, which is lower than AVDE's 0.23% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

JPUS vs. AVDE - Dividend Comparison

JPUS's dividend yield for the trailing twelve months is around 1.99%, less than AVDE's 2.49% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVDE Avantis International Equity ETF	2.49%	2.66%	3.29%	3.01%	2.79%	2.46%	1.63%	0.29%	0.00%	0.00%	0.00%	0.00%
JPUS JPMorgan Diversified Return US Equity ETF	1.99%	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 AVDE in my portfolio?

JPUS and AVDE have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JPUS or AVDE?

AVDE has higher volatility (3.83%) compared to JPUS (2.16%). In terms of maximum drawdown, JPUS dropped -38.69% vs AVDE's -36.99%.

Which ETF is better, JPUS or AVDE?

On 5-year performance, AVDE leads with 10.39% vs 10.09% for JPUS. On fees, JPUS is cheaper at 0.18% per year. On volatility, JPUS has been the lower-risk option at 2.16%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JPUS or AVDE?

Over the 5-year period, AVDE has performed better with a 10.39% return vs 10.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JPUS or AVDE?

JPUS is cheaper with a 0.18% expense ratio, compared with 0.23% for AVDE.

Which ETF pays a higher dividend yield, JPUS or AVDE?

AVDE has the higher dividend yield at 2.49%, compared with 1.99% for JPUS.

What is the main difference between JPUS and AVDE?

JPUS is categorized as Large Cap Blend Equities, while AVDE is Foreign Large Cap Equities. They also come from different issuers: JPMorgan and Avantis. Their fees differ too: 0.18% for JPUS and 0.23% for AVDE.

Which has better risk-adjusted returns?

JPUS currently has the higher Sharpe Ratio (1.98 vs 1.56), 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.