JPUS vs. RAFE
JPUS (JPMorgan Diversified Return US Equity ETF) and RAFE (PIMCO RAFI ESG U.S. ETF) are both Large Cap Blend Equities funds - JPUS tracks the JPMorgan Diversified Factor US Equity Index while RAFE tracks the RAFI ESG US Index. Both are passively managed. Over the past 5 years, JPUS returned 10.16%/yr vs 11.38%/yr for RAFE. Their correlation of 0.91 suggests significant overlap in exposure. JPUS charges 0.18%/yr vs 0.30%/yr for RAFE.
Performance
JPUS vs. RAFE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with JPUS having a 14.38% return and RAFE slightly higher at 15.05%.
JPUS
- 1D
- -0.20%
- 1M
- 0.42%
- 6M
- 11.13%
- YTD
- 14.38%
- 1Y
- 19.96%
- 3Y*
- 15.02%
- 5Y*
- 10.16%
- 10Y*
- 11.34%
RAFE
- 1D
- -0.56%
- 1M
- 1.02%
- 6M
- 13.19%
- YTD
- 15.05%
- 1Y
- 27.32%
- 3Y*
- 18.54%
- 5Y*
- 11.38%
- 10Y*
- —
JPUS vs. RAFE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
JPUS JPMorgan Diversified Return US Equity ETF | 14.38% | 11.18% | 13.48% | 10.98% | -8.47% | 29.09% | 7.54% | 1.02% |
RAFE PIMCO RAFI ESG U.S. ETF | 15.05% | 17.60% | 13.81% | 18.80% | -13.76% | 30.16% | 5.29% | 0.43% |
Correlation
The correlation between JPUS and RAFE is 0.83, 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 | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Dec 19, 2019 | 0.91 |
The correlation between JPUS and RAFE has been stable across timeframes, ranging from 0.83 to 0.91 - a consistent structural relationship.
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Return for Risk
JPUS vs. RAFE — Risk / Return Rank
JPUS
RAFE
JPUS vs. RAFE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Diversified Return US Equity ETF (JPUS) and PIMCO RAFI ESG U.S. ETF (RAFE). 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 | RAFE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.49 | ||
| Sortino ratioReturn per unit of downside risk | -0.59 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.43 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.91 | 3.68 | -0.77 |
| Martin ratioReturn relative to average drawdown | 11.71 | 14.34 | -2.64 |
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Drawdowns
JPUS vs. RAFE - Drawdown Comparison
The maximum JPUS drawdown since its inception was -38.69%, which is greater than RAFE's maximum drawdown of -35.74%. Use the drawdown chart below to compare losses from any high point for JPUS and RAFE.
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Drawdown Indicators
| JPUS | RAFE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.69% | -35.74% | -2.95% |
Max Drawdown (1Y)Largest decline over 1 year | -6.90% | -7.46% | +0.56% |
Max Drawdown (3Y)Largest decline over 3 years | -15.96% | -16.36% | +0.40% |
Max Drawdown (5Y)Largest decline over 5 years | -19.04% | -24.28% | +5.24% |
Max Drawdown (10Y)Largest decline over 10 years | -38.69% | — | — |
Current DrawdownCurrent decline from peak | -0.28% | -0.62% | +0.34% |
Average DrawdownAverage peak-to-trough decline | -3.79% | -6.12% | +2.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.71% | 1.91% | -0.20% |
Volatility
JPUS vs. RAFE - Volatility Comparison
JPMorgan Diversified Return US Equity ETF (JPUS) and PIMCO RAFI ESG U.S. ETF (RAFE) have volatilities of 2.42% and 2.40%, 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.
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Volatility by Period
| JPUS | RAFE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.42% | 2.40% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 7.58% | 8.61% | -1.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.40% | 11.34% | -0.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.47% | 15.07% | -0.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.71% | 19.32% | -2.61% |
JPUS vs. RAFE - Expense Ratio Comparison
JPUS has a 0.18% expense ratio, which is lower than RAFE's 0.30% expense ratio.
Dividends
JPUS vs. RAFE - Dividend Comparison
JPUS's dividend yield for the trailing twelve months is around 1.99%, more than RAFE's 1.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
RAFE PIMCO RAFI ESG U.S. ETF | 1.50% | 1.67% | 1.79% | 1.81% | 2.22% | 1.42% | 2.36% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JPUS and RAFE have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JPUS has higher volatility (2.42%) compared to RAFE (2.40%). In terms of maximum drawdown, JPUS dropped -38.69% vs RAFE's -35.74%.
On 5-year performance, RAFE leads with 11.38% vs 10.16% for JPUS. On fees, JPUS is cheaper at 0.18% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, RAFE has performed better with a 11.38% return vs 10.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
JPUS is cheaper with a 0.18% expense ratio, compared with 0.30% for RAFE.
JPUS has the higher dividend yield at 1.99%, compared with 1.50% for RAFE.
JPUS tracks JPMorgan Diversified Factor US Equity Index, while RAFE tracks RAFI ESG US Index. They also come from different issuers: JPMorgan and PIMCO. Their fees differ too: 0.18% for JPUS and 0.30% for RAFE.
RAFE currently has the higher Sharpe Ratio (2.42 vs 1.93), 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.
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