JUEMX vs. VFIAX

Last updated Jun 24, 2026

JUEMX (JPMorgan U.S. Equity Fund R6) and VFIAX (Vanguard 500 Index Fund Admiral Shares) are both mutual funds - JUEMX is a Large Cap Blend Equities fund managed by JPMorgan, while VFIAX is a S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, JUEMX returned 16.43%/yr vs 15.76%/yr for VFIAX. With a 0.98 correlation, they move nearly in lockstep. JUEMX charges 0.44%/yr vs 0.04%/yr for VFIAX.

Performance

JUEMX vs. VFIAX - Performance Comparison

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

Returns By Period

In the year-to-date period, JUEMX achieves a 4.58% return, which is significantly lower than VFIAX's 9.77% return. Both investments have delivered pretty close results over the past 10 years, with JUEMX having a 16.43% annualized return and VFIAX not far behind at 15.76%.

JUEMX

• 1D: -1.02%
• 1M: 0.39%
• YTD: 4.58%
• 6M: 3.58%
• 1Y: 17.86%
• 3Y*: 20.50%
• 5Y*: 13.22%
• 10Y*: 16.43%

VFIAX

• 1D: -0.36%
• 1M: 0.10%
• YTD: 9.77%
• 6M: 8.77%
• 1Y: 25.48%
• 3Y*: 21.36%
• 5Y*: 13.57%
• 10Y*: 15.76%

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

JUEMX vs. VFIAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JUEMX JPMorgan U.S. Equity Fund R6	4.58%	14.75%	31.28%	27.37%	-18.74%	28.66%	26.70%	32.40%	-5.80%	21.70%
VFIAX Vanguard 500 Index Fund Admiral Shares	9.77%	17.83%	24.97%	26.24%	-18.16%	28.65%	18.32%	31.46%	-4.45%	21.78%

Correlation

The correlation between JUEMX and VFIAX 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 (1Y) Calculated over the trailing 1-year period	0.97
Correlation (3Y) Calculated over the trailing 3-year period	0.97
Correlation (5Y) Calculated over the trailing 5-year period	0.98
Correlation (10Y) Calculated over the trailing 10-year period	0.98
Correlation (All Time) Calculated using the full available price history since Nov 30, 2010	0.98

The correlation between JUEMX and VFIAX has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.

Return for Risk

JUEMX vs. VFIAX — Risk / Return Rank

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

JUEMX

JUEMX Risk / Return Rank: 28
JUEMX Sharpe Ratio Rank: 29
JUEMX Sortino Ratio Rank: 28
JUEMX Omega Ratio Rank: 30
JUEMX Calmar Ratio Rank: 22
JUEMX Martin Ratio Rank: 29

VFIAX

VFIAX Risk / Return Rank: 65
VFIAX Sharpe Ratio Rank: 63
VFIAX Sortino Ratio Rank: 57
VFIAX Omega Ratio Rank: 59
VFIAX Calmar Ratio Rank: 68
VFIAX Martin Ratio Rank: 78

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. VFIAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan U.S. Equity Fund R6 (JUEMX) and Vanguard 500 Index Fund Admiral Shares (VFIAX). 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.

	JUEMX	VFIAX	Difference
Sharpe ratio: Return per unit of total volatility	1.45	2.15	-0.69
Sortino ratio: Return per unit of downside risk	2.03	2.91	-0.87
Omega ratio: Gain probability vs. loss probability	1.27	1.39	-0.12
Calmar ratio: Return relative to maximum drawdown	1.59	3.01	-1.42
Martin ratio: Return relative to average drawdown	6.32	13.60	-7.28

JUEMX vs. VFIAX - Sharpe Ratio Comparison

The current JUEMX Sharpe Ratio is 1.45, which is lower than the VFIAX Sharpe Ratio of 2.15. The chart below compares the historical Sharpe Ratios of JUEMX and VFIAX, 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

JUEMX vs. VFIAX - Drawdown Comparison

The maximum JUEMX drawdown since its inception was -33.37%, smaller than the maximum VFIAX drawdown of -55.20%. Use the drawdown chart below to compare losses from any high point for JUEMX and VFIAX.

Drawdown Indicators

	JUEMX	VFIAX	Difference
Max Drawdown Largest peak-to-trough decline	-33.37%	-55.20%	+21.83%
Max Drawdown (1Y) Largest decline over 1 year	-11.90%	-8.90%	-3.00%
Max Drawdown (3Y) Largest decline over 3 years	-19.10%	-18.75%	-0.35%
Max Drawdown (5Y) Largest decline over 5 years	-24.52%	-24.53%	+0.01%
Max Drawdown (10Y) Largest decline over 10 years	-33.37%	-33.83%	+0.46%
Current Drawdown Current decline from peak	-1.74%	-1.72%	-0.02%
Average Drawdown Average peak-to-trough decline	-4.07%	-9.38%	+5.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.99%	1.97%	+1.02%

Volatility

JUEMX vs. VFIAX - Volatility Comparison

JPMorgan U.S. Equity Fund R6 (JUEMX) has a higher volatility of 5.23% compared to Vanguard 500 Index Fund Admiral Shares (VFIAX) at 4.67%. This indicates that JUEMX's price experiences larger fluctuations and is considered to be riskier than VFIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JUEMX	VFIAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.23%	4.67%	+0.56%
Volatility (6M) Calculated over the trailing 6-month period	10.45%	9.84%	+0.61%
Volatility (1Y) Calculated over the trailing 1-year period	13.04%	12.50%	+0.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.52%	16.99%	+0.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.62%	18.11%	+0.51%

JUEMX vs. VFIAX - Expense Ratio Comparison

JUEMX has a 0.44% expense ratio, which is higher than VFIAX's 0.04% expense ratio.

Dividends

JUEMX vs. VFIAX - Dividend Comparison

JUEMX's dividend yield for the trailing twelve months is around 5.69%, more than VFIAX's 1.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JUEMX JPMorgan U.S. Equity Fund R6	5.69%	5.93%	12.09%	2.14%	5.20%	10.82%	6.70%	10.14%	14.65%	8.81%	4.87%	6.27%
VFIAX Vanguard 500 Index Fund Admiral Shares	1.03%	1.12%	1.24%	1.45%	1.68%	1.24%	1.53%	1.87%	2.05%	1.78%	2.02%	2.10%

Frequently Asked Questions

Can I hold both JUEMX and VFIAX in my portfolio?

With a correlation of 0.97, JUEMX and VFIAX 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, JUEMX or VFIAX?

JUEMX has higher volatility (5.23%) compared to VFIAX (4.67%). In terms of maximum drawdown, JUEMX dropped -33.37% vs VFIAX's -55.20%.

Which has better risk-adjusted returns?

VFIAX currently has the higher Sharpe Ratio (2.15 vs 1.45), 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.