JTEK vs. POLIX

Last updated Jun 24, 2026

JTEK (JPMorgan U.S. Tech Leaders ETF) and POLIX (Polen Growth Fund) are both funds - JTEK is a Technology Equities fund actively managed by JPMorgan, while POLIX is a Large Cap Growth Equities fund managed by Polen Capital. Over the past year, JTEK returned 30.96% vs -8.36% for POLIX. A 0.73 correlation means they provide meaningful diversification when combined. JTEK charges 0.65%/yr vs 0.96%/yr for POLIX.

Performance

JTEK vs. POLIX - Performance Comparison

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

Returns By Period

In the year-to-date period, JTEK achieves a 16.86% return, which is significantly higher than POLIX's -12.42% return.

JTEK

• 1D: -4.26%
• 1M: 1.20%
• YTD: 16.86%
• 6M: 14.62%
• 1Y: 30.96%
• 3Y*: —
• 5Y*: —
• 10Y*: —

POLIX

• 1D: -1.91%
• 1M: -4.10%
• YTD: -12.42%
• 6M: -13.12%
• 1Y: -8.36%
• 3Y*: 7.69%
• 5Y*: 0.85%
• 10Y*: 12.11%

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

JTEK vs. POLIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
JTEK JPMorgan U.S. Tech Leaders ETF	16.86%	19.03%	28.69%	18.31%
POLIX Polen Growth Fund	-12.42%	3.87%	22.57%	14.75%

Correlation

The correlation between JTEK and POLIX is 0.76, 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	0.76
Correlation (All Time) Calculated using the full available price history since Oct 5, 2023	0.73

The correlation between JTEK and POLIX has been stable across timeframes, ranging from 0.73 to 0.76 - a consistent structural relationship.

Return for Risk

JTEK vs. POLIX — Risk / Return Rank

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

JTEK

JTEK Risk / Return Rank: 31
JTEK Sharpe Ratio Rank: 34
JTEK Sortino Ratio Rank: 31
JTEK Omega Ratio Rank: 32
JTEK Calmar Ratio Rank: 29
JTEK Martin Ratio Rank: 30

POLIX

POLIX Risk / Return Rank: 1
POLIX Sharpe Ratio Rank: 1
POLIX Sortino Ratio Rank: 1
POLIX Omega Ratio Rank: 1
POLIX Calmar Ratio Rank: 1
POLIX Martin Ratio Rank: 1

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.

JTEK vs. POLIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan U.S. Tech Leaders ETF (JTEK) and Polen Growth Fund (POLIX). 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	POLIX	Difference
Sharpe ratio: Return per unit of total volatility	1.16	-0.49	+1.66
Sortino ratio: Return per unit of downside risk	1.61	-0.56	+2.17
Omega ratio: Gain probability vs. loss probability	1.21	0.93	+0.28
Calmar ratio: Return relative to maximum drawdown	1.41	-0.36	+1.77
Martin ratio: Return relative to average drawdown	4.05	-0.84	+4.89

JTEK vs. POLIX - Sharpe Ratio Comparison

The current JTEK Sharpe Ratio is 1.16, which is higher than the POLIX Sharpe Ratio of -0.49. The chart below compares the historical Sharpe Ratios of JTEK and POLIX, 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. POLIX - Drawdown Comparison

The maximum JTEK drawdown since its inception was -30.61%, smaller than the maximum POLIX drawdown of -42.84%. Use the drawdown chart below to compare losses from any high point for JTEK and POLIX.

Drawdown Indicators

	JTEK	POLIX	Difference
Max Drawdown Largest peak-to-trough decline	-30.61%	-42.84%	+12.23%
Max Drawdown (1Y) Largest decline over 1 year	-22.02%	-23.94%	+1.92%
Max Drawdown (3Y) Largest decline over 3 years	—	-23.94%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-42.84%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-42.84%	—
Current Drawdown Current decline from peak	-5.30%	-16.21%	+10.91%
Average Drawdown Average peak-to-trough decline	-5.57%	-7.10%	+1.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.66%	10.05%	-2.39%

Volatility

JTEK vs. POLIX - Volatility Comparison

JPMorgan U.S. Tech Leaders ETF (JTEK) has a higher volatility of 12.64% compared to Polen Growth Fund (POLIX) at 6.59%. This indicates that JTEK's price experiences larger fluctuations and is considered to be riskier than POLIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JTEK	POLIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.64%	6.59%	+6.05%
Volatility (6M) Calculated over the trailing 6-month period	21.58%	13.97%	+7.61%
Volatility (1Y) Calculated over the trailing 1-year period	26.79%	17.39%	+9.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.99%	23.06%	+4.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.99%	21.95%	+6.04%

JTEK vs. POLIX - Expense Ratio Comparison

JTEK has a 0.65% expense ratio, which is lower than POLIX's 0.96% expense ratio.

Dividends

JTEK vs. POLIX - Dividend Comparison

JTEK has not paid dividends to shareholders, while POLIX's dividend yield for the trailing twelve months is around 41.51%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JTEK JPMorgan U.S. Tech Leaders ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
POLIX Polen Growth Fund	41.51%	36.35%	10.47%	0.00%	10.54%	3.97%	1.25%	0.12%	2.77%	1.66%	0.01%	4.29%

Frequently Asked Questions

Can I hold both JTEK and POLIX in my portfolio?

JTEK and POLIX have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JTEK or POLIX?

JTEK has higher volatility (12.64%) compared to POLIX (6.59%). In terms of maximum drawdown, JTEK dropped -30.61% vs POLIX's -42.84%.

Which has better risk-adjusted returns?

JTEK currently has the higher Sharpe Ratio (1.16 vs -0.49), 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.