JTEK vs. JGRO

Last updated Aug 2, 2026

JTEK (JPMorgan U.S. Tech Leaders ETF) and JGRO (JPMorgan Active Growth ETF) are both exchange-traded funds - JTEK is a Technology Equities fund actively managed by JPMorgan, while JGRO is a Large Cap Growth Equities fund actively managed by JPMorgan. Both are actively managed. Over the past year, JTEK returned 14.49% vs 5.96% for JGRO. Their correlation of 0.92 means they have usually moved in the same direction. JTEK charges 0.65%/yr vs 0.44%/yr for JGRO.

Performance

JTEK vs. JGRO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan U.S. Tech Leaders ETF (JTEK) and JPMorgan Active Growth ETF (JGRO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JTEK achieves a 4.84% return, which is significantly higher than JGRO's -1.21% return.

JTEK

• 1D: 0.62%
• 1M: -8.88%
• 6M: 7.25%
• YTD: 4.84%
• 1Y: 14.49%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 25.56%

JGRO

• 1D: 0.61%
• 1M: -3.40%
• 6M: 0.45%
• YTD: -1.21%
• 1Y: 5.96%
• 3Y*: 17.03%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 16.84%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
JGRO JPMorgan Active Growth ETF	$76.93M	$57.09M	$59.50M
JTEK JPMorgan U.S. Tech Leaders ETF	$29.81M	$34.23M	$31.22M

JTEK vs. JGRO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
JTEK JPMorgan U.S. Tech Leaders ETF	4.84%	19.03%	28.69%	18.31%
JGRO JPMorgan Active Growth ETF	-1.21%	14.71%	32.77%	13.62%

Correlation

The correlation between JTEK and JGRO is 0.91, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.91
Correlation (All Time) Calculated using the full available price history since Oct 5, 2023	0.92

The correlation between JTEK and JGRO has been stable across timeframes, ranging from 0.91 to 0.92 - a consistent structural relationship.

JTEK vs. JGRO - Sectors Allocation Comparison

Sectors	JTEK	JGRO
Technology	74.6%	49.6%
Communication Services	10.9%	13.5%
Consumer Cyclical	4.8%	5.3%
Financial Services	4.6%	4.8%
Industrials	3.5%	8.9%
Healthcare	1.6%	8.3%
Real Estate	1.0%	0.3%
Consumer Defensive	0.7%	3.2%
Energy	0.2%	1.8%
Basic Materials	-	0.4%
Utilities	-	0.9%

Return for Risk

JTEK vs. JGRO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

JTEK

JTEK Risk / Return Rank: 20
JTEK Sharpe Ratio Rank: 20
JTEK Sortino Ratio Rank: 20
JTEK Omega Ratio Rank: 20
JTEK Calmar Ratio Rank: 20
JTEK Martin Ratio Rank: 21

JGRO

JGRO Risk / Return Rank: 15
JGRO Sharpe Ratio Rank: 16
JGRO Sortino Ratio Rank: 15
JGRO Omega Ratio Rank: 15
JGRO Calmar Ratio Rank: 15
JGRO Martin Ratio Rank: 15

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

JTEK vs. JGRO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan U.S. Tech Leaders ETF (JTEK) and JPMorgan Active Growth ETF (JGRO). 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.

	JTEK	JGRO	Difference
Sharpe ratio: Return per unit of total volatility	0.39	0.22	+0.17
Sortino ratio: Return per unit of downside risk	0.72	0.43	+0.29
Omega ratio: Gain probability vs. loss probability	1.09	1.05	+0.03
Calmar ratio: Return relative to maximum drawdown	0.52	0.24	+0.28
Martin ratio: Return relative to average drawdown	1.36	0.68	+0.68

JTEK vs. JGRO - Sharpe Ratio Comparison

The current JTEK Sharpe Ratio is 0.39, which is higher than the JGRO Sharpe Ratio of 0.22. The chart below compares the historical Sharpe Ratios of JTEK and JGRO, 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

JTEK vs. JGRO - Drawdown Comparison

The maximum JTEK drawdown since its inception was -30.61%, which is greater than JGRO's maximum drawdown of -22.70%. Use the drawdown chart below to compare losses from any high point for JTEK and JGRO.

Drawdown Indicators

	JTEK	JGRO	Difference
Max Drawdown Largest peak-to-trough decline	-30.61%	-22.70%	-7.91%
Max Drawdown (1Y) Largest decline over 1 year	-22.02%	-16.44%	-5.58%
Max Drawdown (3Y) Largest decline over 3 years	—	-22.70%	—
Current Drawdown Current decline from peak	-15.35%	-7.86%	-7.49%
Average Drawdown Average peak-to-trough decline	-5.72%	-4.84%	-0.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.40%	5.82%	+2.58%

Volatility

JTEK vs. JGRO - Volatility Comparison

JPMorgan U.S. Tech Leaders ETF (JTEK) has a higher volatility of 11.19% compared to JPMorgan Active Growth ETF (JGRO) at 7.43%. This indicates that JTEK's price experiences larger fluctuations and is considered to be riskier than JGRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JTEK	JGRO	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.19%	7.43%	+3.76%
Volatility (6M) Calculated over the trailing 6-month period	24.61%	14.59%	+10.02%
Volatility (1Y) Calculated over the trailing 1-year period	29.35%	18.13%	+11.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.53%	20.17%	+8.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.53%	20.17%	+8.36%

JTEK vs. JGRO - Expense Ratio Comparison

JTEK has a 0.65% expense ratio, which is higher than JGRO's 0.44% expense ratio.

Dividends

JTEK vs. JGRO - Dividend Comparison

JTEK has not paid dividends to shareholders, while JGRO's dividend yield for the trailing twelve months is around 0.16%.

Position	TTM	2025	2024	2023	2022
JGRO JPMorgan Active Growth ETF	0.16%	0.16%	0.10%	0.17%	0.16%
JTEK JPMorgan U.S. Tech Leaders ETF	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JTEK and JGRO in my portfolio?

With a correlation of 0.91, JTEK and JGRO 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, JTEK or JGRO?

JTEK has higher volatility (11.19%) compared to JGRO (7.43%). In terms of maximum drawdown, JTEK dropped -30.61% vs JGRO's -22.70%.

Which ETF is better, JTEK or JGRO?

On 1-year performance, JTEK leads with 14.49% vs 5.96% for JGRO. On fees, JGRO is cheaper at 0.44% per year. On volatility, JGRO has been the lower-risk option at 7.43%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JTEK or JGRO?

Over the 1-year period, JTEK has performed better with a 14.49% return vs 5.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JTEK or JGRO?

JGRO is cheaper with a 0.44% expense ratio, compared with 0.65% for JTEK.

Which ETF pays a higher dividend yield, JTEK or JGRO?

JGRO has the higher dividend yield at 0.16%, compared with 0.00% for JTEK.

What is the main difference between JTEK and JGRO?

JTEK is categorized as Technology Equities, while JGRO is Large Cap Growth Equities. Their fees differ too: 0.65% for JTEK and 0.44% for JGRO.

Which has better risk-adjusted returns?

JTEK currently has the higher Sharpe Ratio (0.39 vs 0.22), 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.