JREE.DE vs. SPPY.DE
Compare and contrast key facts about JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (acc) (JREE.DE) and SPDR S&P 500 ESG Leaders UCITS ETF Acc (SPPY.DE).
JREE.DE and SPPY.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JREE.DE is a passively managed fund by JPMorgan that tracks the performance of the JP Morgan Europe Research Enhanced Index Equity (ESG). It was launched on Jun 30, 2020. SPPY.DE is a passively managed fund by State Street that tracks the performance of the S&P 500 ESG Leaders. It was launched on Dec 2, 2019. Both JREE.DE and SPPY.DE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JREE.DE or SPPY.DE.
Key characteristics
| JREE.DE | SPPY.DE | |
|---|---|---|
| YTD Return | 9.52% | 18.04% |
| 1Y Return | 15.31% | 23.64% |
| 3Y Return (Ann) | 7.59% | 12.81% |
| Sharpe Ratio | 1.49 | 2.12 |
| Daily Std Dev | 10.82% | 12.06% |
| Max Drawdown | -35.62% | -33.31% |
| Current Drawdown | -2.94% | -3.31% |
Correlation
The correlation between JREE.DE and SPPY.DE is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
JREE.DE vs. SPPY.DE - Performance Comparison
In the year-to-date period, JREE.DE achieves a 9.52% return, which is significantly lower than SPPY.DE's 18.04% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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JREE.DE vs. SPPY.DE - Expense Ratio Comparison
JREE.DE has a 0.25% expense ratio, which is higher than SPPY.DE'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%.
Risk-Adjusted Performance
JREE.DE vs. SPPY.DE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (acc) (JREE.DE) and SPDR S&P 500 ESG Leaders UCITS ETF Acc (SPPY.DE). 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.
Dividends
JREE.DE vs. SPPY.DE - Dividend Comparison
Neither JREE.DE nor SPPY.DE has paid dividends to shareholders.
Drawdowns
JREE.DE vs. SPPY.DE - Drawdown Comparison
The maximum JREE.DE drawdown since its inception was -35.62%, which is greater than SPPY.DE's maximum drawdown of -33.31%. Use the drawdown chart below to compare losses from any high point for JREE.DE and SPPY.DE. For additional features, visit the drawdowns tool.
Volatility
JREE.DE vs. SPPY.DE - Volatility Comparison
The current volatility for JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (acc) (JREE.DE) is 3.07%, while SPDR S&P 500 ESG Leaders UCITS ETF Acc (SPPY.DE) has a volatility of 4.31%. This indicates that JREE.DE experiences smaller price fluctuations and is considered to be less risky than SPPY.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.