JUEMX vs. ^GSPC

Last updated Jun 6, 2026

JUEMX (JPMorgan U.S. Equity Fund R6) is Large Cap Blend Equities fund managed by JPMorgan, while ^GSPC (S&P 500 Index) is an index. With a 0.97 correlation, they move nearly in lockstep.

Performance

JUEMX vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan U.S. Equity Fund R6 (JUEMX) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JUEMX achieves a 6.13% return, which is significantly lower than ^GSPC's 7.86% return.

JUEMX

• 1D: 0.49%
• 1M: 1.77%
• YTD: 6.13%
• 6M: 5.39%
• 1Y: 21.24%
• 3Y*: 21.85%
• 5Y*: 13.65%
• 10Y*: 16.00%

^GSPC

• 1D: -2.64%
• 1M: 0.25%
• YTD: 7.86%
• 6M: 7.47%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JUEMX vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025
JUEMX JPMorgan U.S. Equity Fund R6	6.13%	13.20%
^GSPC S&P 500 Index	7.86%	14.08%

Correlation

The correlation between JUEMX and ^GSPC is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 9, 2025	0.97

Return for Risk

JUEMX vs. ^GSPC — Risk / Return Rank

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

JUEMX

JUEMX Risk / Return Rank: 33
JUEMX Sharpe Ratio Rank: 37
JUEMX Sortino Ratio Rank: 35
JUEMX Omega Ratio Rank: 37
JUEMX Calmar Ratio Rank: 25
JUEMX Martin Ratio Rank: 32

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.

JUEMX vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan U.S. Equity Fund R6 (JUEMX) and S&P 500 Index (^GSPC). 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.

	JUEMX	^GSPC	Difference
Sharpe ratio: Return per unit of total volatility	1.71	—	—
Sortino ratio: Return per unit of downside risk	2.38	—	—
Omega ratio: Gain probability vs. loss probability	1.31	—	—
Calmar ratio: Return relative to maximum drawdown	1.76	—	—
Martin ratio: Return relative to average drawdown	7.08	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	JUEMX	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.71	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.79	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.86	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.85	1.91	-1.07

Drawdowns

JUEMX vs. ^GSPC - Drawdown Comparison

The maximum JUEMX drawdown since its inception was -33.37%, which is greater than ^GSPC's maximum drawdown of -9.10%. Use the drawdown chart below to compare losses from any high point for JUEMX and ^GSPC.

Drawdown Indicators

	JUEMX	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-33.37%	-9.10%	-24.27%
Max Drawdown (1Y) Largest decline over 1 year	-11.90%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-19.10%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-24.52%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-33.37%	—	—
Current Drawdown Current decline from peak	-0.28%	-2.97%	+2.69%
Average Drawdown Average peak-to-trough decline	-4.08%	-1.13%	-2.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.95%	—	—

Volatility

Volatility by Period

	JUEMX	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.29%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.43%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	12.23%	12.19%	+0.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.41%	12.19%	+5.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.56%	12.19%	+6.37%

Frequently Asked Questions

Can I hold both JUEMX and ^GSPC in my portfolio?

With a correlation of 0.97, JUEMX and ^GSPC 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.