JPUS vs. SPTM

Last updated Jun 5, 2026

JPUS (JPMorgan Diversified Return US Equity ETF) and SPTM (SPDR Portfolio S&P 1500 Composite Stock Market ETF) are both Large Cap Blend Equities funds - JPUS tracks the JPMorgan Diversified Factor US Equity Index while SPTM tracks the S&P Composite 1500 Index. Both are passively managed. Over the past 10 years, JPUS returned 11.47%/yr vs 15.23%/yr for SPTM. Their correlation of 0.85 suggests significant overlap in exposure. JPUS charges 0.18%/yr vs 0.03%/yr for SPTM.

Performance

JPUS vs. SPTM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Diversified Return US Equity ETF (JPUS) and SPDR Portfolio S&P 1500 Composite Stock Market ETF (SPTM). 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 JPUS having a 12.01% return and SPTM slightly lower at 11.57%. Over the past 10 years, JPUS has underperformed SPTM with an annualized return of 11.47%, while SPTM has yielded a comparatively higher 15.23% annualized return.

JPUS

• 1D: 0.41%
• 1M: 1.08%
• YTD: 12.01%
• 6M: 12.08%
• 1Y: 21.76%
• 3Y*: 16.27%
• 5Y*: 9.49%
• 10Y*: 11.47%

SPTM

• 1D: 0.43%
• 1M: 4.45%
• YTD: 11.57%
• 6M: 11.50%
• 1Y: 28.51%
• 3Y*: 22.16%
• 5Y*: 13.47%
• 10Y*: 15.23%

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

JPUS vs. SPTM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JPUS JPMorgan Diversified Return US Equity ETF	12.01%	11.18%	13.48%	10.98%	-8.47%	29.09%	7.54%	25.50%	-6.14%	20.58%
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF	11.57%	16.93%	23.87%	25.55%	-17.75%	28.58%	17.94%	31.34%	-5.30%	21.18%

Correlation

The correlation between JPUS and SPTM is 0.68, 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	0.68
Correlation (3Y) Calculated over the trailing 3-year period	0.76
Correlation (5Y) Calculated over the trailing 5-year period	0.84
Correlation (10Y) Calculated over the trailing 10-year period	0.87
Correlation (All Time) Calculated using the full available price history since Oct 1, 2015	0.85

The correlation between JPUS and SPTM shifts across timeframes, from 0.68 (1 year) to 0.87 (10 years), reflecting how their relationship changes across market environments.

JPUS vs. SPTM - Sectors Allocation Comparison

Sectors	JPUS	SPTM
Technology	11.6%	34.0%
Healthcare	11.5%	8.6%
Consumer Defensive	11.3%	4.8%
Real Estate	10.5%	2.3%
Industrials	10.4%	9.4%
Utilities	9.5%	2.3%
Consumer Cyclical	8.6%	10.3%
Financial Services	8.0%	12.1%
Energy	7.3%	3.7%
Basic Materials	6.8%	2.0%
Communication Services	4.5%	10.5%

Return for Risk

JPUS vs. SPTM — Risk / Return Rank

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

JPUS

JPUS Risk / Return Rank: 66
JPUS Sharpe Ratio Rank: 64
JPUS Sortino Ratio Rank: 67
JPUS Omega Ratio Rank: 62
JPUS Calmar Ratio Rank: 65
JPUS Martin Ratio Rank: 70

SPTM

SPTM Risk / Return Rank: 74
SPTM Sharpe Ratio Rank: 76
SPTM Sortino Ratio Rank: 74
SPTM Omega Ratio Rank: 74
SPTM Calmar Ratio Rank: 67
SPTM Martin Ratio Rank: 79

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. SPTM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Diversified Return US Equity ETF (JPUS) and SPDR Portfolio S&P 1500 Composite Stock Market ETF (SPTM). 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.

	JPUS	SPTM	Difference
Sharpe ratio: Return per unit of total volatility	2.11	2.41	-0.31
Sortino ratio: Return per unit of downside risk	3.03	3.29	-0.26
Omega ratio: Gain probability vs. loss probability	1.37	1.44	-0.07
Calmar ratio: Return relative to maximum drawdown	3.17	3.30	-0.13
Martin ratio: Return relative to average drawdown	12.72	15.38	-2.66
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JPUS vs. SPTM - Sharpe Ratio Comparison

The current JPUS Sharpe Ratio is 2.11, which is comparable to the SPTM Sharpe Ratio of 2.41. The chart below compares the historical Sharpe Ratios of JPUS and SPTM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	JPUS	SPTM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.11	2.41	-0.31
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.66	0.80	-0.15
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.69	0.85	-0.16
Sharpe Ratio (All Time) Calculated using the full available price history	0.72	0.46	+0.27

Drawdowns

JPUS vs. SPTM - Drawdown Comparison

The maximum JPUS drawdown since its inception was -38.69%, smaller than the maximum SPTM drawdown of -54.80%. Use the drawdown chart below to compare losses from any high point for JPUS and SPTM.

Drawdown Indicators

	JPUS	SPTM	Difference
Max Drawdown Largest peak-to-trough decline	-38.69%	-54.80%	+16.11%
Max Drawdown (1Y) Largest decline over 1 year	-6.90%	-8.68%	+1.78%
Max Drawdown (3Y) Largest decline over 3 years	-15.96%	-18.87%	+2.91%
Max Drawdown (5Y) Largest decline over 5 years	-19.04%	-24.14%	+5.10%
Max Drawdown (10Y) Largest decline over 10 years	-38.69%	-34.66%	-4.03%
Current Drawdown Current decline from peak	0.00%	-0.25%	+0.25%
Average Drawdown Average peak-to-trough decline	-3.82%	-9.05%	+5.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.72%	1.86%	-0.14%

Volatility

JPUS vs. SPTM - Volatility Comparison

JPMorgan Diversified Return US Equity ETF (JPUS) and SPDR Portfolio S&P 1500 Composite Stock Market ETF (SPTM) have volatilities of 2.83% and 2.82%, 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	SPTM	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.83%	2.82%	+0.01%
Volatility (6M) Calculated over the trailing 6-month period	7.56%	8.93%	-1.37%
Volatility (1Y) Calculated over the trailing 1-year period	10.40%	11.87%	-1.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.50%	16.86%	-2.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.75%	18.03%	-1.28%

JPUS vs. SPTM - Expense Ratio Comparison

JPUS has a 0.18% expense ratio, which is higher than SPTM's 0.03% expense ratio. However, 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. SPTM - Dividend Comparison

JPUS's dividend yield for the trailing twelve months is around 2.04%, more than SPTM's 1.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JPUS JPMorgan Diversified Return US Equity ETF	2.04%	2.27%	2.12%	2.26%	2.35%	1.67%	1.94%	2.09%	2.16%	1.25%	0.77%	0.48%
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF	1.03%	1.13%	1.28%	1.44%	1.69%	1.25%	1.56%	1.72%	1.90%	1.66%	1.91%	1.92%

Frequently Asked Questions

Can I hold both JPUS and SPTM in my portfolio?

JPUS and SPTM have a correlation of 0.68, 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 SPTM?

JPUS has higher volatility (2.83%) compared to SPTM (2.82%). In terms of maximum drawdown, JPUS dropped -38.69% vs SPTM's -54.80%.

Which ETF is better, JPUS or SPTM?

On 10-year performance, SPTM leads with 15.23% vs 11.47% for JPUS. On fees, SPTM is cheaper at 0.03% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JPUS or SPTM?

Over the 10-year period, SPTM has performed better with a 15.23% return vs 11.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JPUS or SPTM?

SPTM is cheaper with a 0.03% expense ratio, compared with 0.18% for JPUS.

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

JPUS has the higher dividend yield at 2.04%, compared with 1.03% for SPTM.

What is the main difference between JPUS and SPTM?

JPUS tracks JPMorgan Diversified Factor US Equity Index, while SPTM tracks S&P Composite 1500 Index. They also come from different issuers: JPMorgan and State Street. Their fees differ too: 0.18% for JPUS and 0.03% for SPTM.

Which has better risk-adjusted returns?

SPTM currently has the higher Sharpe Ratio (2.41 vs 2.11), 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.