JTEK vs. JGRO
Compare and contrast key facts about JPMorgan U.S. Tech Leaders ETF (JTEK) and JPMorgan Active Growth ETF (JGRO).
JTEK and JGRO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JTEK is an actively managed fund by JPMorgan. It was launched on Oct 4, 2023. JGRO is an actively managed fund by JPMorgan Chase. It was launched on Aug 8, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JTEK or JGRO.
Correlation
The correlation between JTEK and JGRO is 0.93, 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
JTEK vs. JGRO - Performance Comparison
Key characteristics
JTEK:
1.03
JGRO:
1.36
JTEK:
1.46
JGRO:
1.86
JTEK:
1.19
JGRO:
1.25
JTEK:
1.44
JGRO:
1.88
JTEK:
4.85
JGRO:
7.02
JTEK:
5.43%
JGRO:
3.54%
JTEK:
25.51%
JGRO:
18.33%
JTEK:
-18.26%
JGRO:
-17.88%
JTEK:
-2.86%
JGRO:
-1.49%
Returns By Period
In the year-to-date period, JTEK achieves a 9.21% return, which is significantly higher than JGRO's 3.69% return.
JTEK
9.21%
2.67%
24.72%
30.57%
N/A
N/A
JGRO
3.69%
0.45%
12.60%
27.16%
N/A
N/A
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JTEK vs. JGRO - Expense Ratio Comparison
JTEK has a 0.65% expense ratio, which is higher than JGRO's 0.44% expense ratio.
Risk-Adjusted Performance
JTEK vs. JGRO — Risk-Adjusted Performance Rank
JTEK
JGRO
JTEK vs. JGRO - Risk-Adjusted Performance 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.
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 0.10%.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
JTEK JPMorgan U.S. Tech Leaders ETF | 0.00% | 0.00% | 0.00% | 0.00% |
JGRO JPMorgan Active Growth ETF | 0.10% | 0.10% | 0.17% | 0.16% |
Drawdowns
JTEK vs. JGRO - Drawdown Comparison
The maximum JTEK drawdown since its inception was -18.26%, roughly equal to the maximum JGRO drawdown of -17.88%. Use the drawdown chart below to compare losses from any high point for JTEK and JGRO. For additional features, visit the drawdowns tool.
Volatility
JTEK vs. JGRO - Volatility Comparison
JPMorgan U.S. Tech Leaders ETF (JTEK) has a higher volatility of 7.97% compared to JPMorgan Active Growth ETF (JGRO) at 4.87%. 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.