JUSA vs. CNAV

Last updated Jun 6, 2026

JUSA (JPMorgan U.S. Research Enhanced Large Cap ETF) and CNAV (Mohr Company Nav ETF) are both Large Cap Blend Equities funds. Both are actively managed. Over the past year, JUSA returned 24.65% vs 56.50% for CNAV. A 0.76 correlation means they provide meaningful diversification when combined. JUSA charges 0.20%/yr vs 1.31%/yr for CNAV.

Performance

JUSA vs. CNAV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan U.S. Research Enhanced Large Cap ETF (JUSA) and Mohr Company Nav ETF (CNAV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JUSA achieves a 7.68% return, which is significantly lower than CNAV's 34.15% return.

JUSA

• 1D: -2.43%
• 1M: -0.02%
• YTD: 7.68%
• 6M: 7.58%
• 1Y: 24.65%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CNAV

• 1D: -7.71%
• 1M: 3.16%
• YTD: 34.15%
• 6M: 33.13%
• 1Y: 56.50%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JUSA vs. CNAV - Yearly Performance Comparison

	2026 (YTD)	2025
JUSA JPMorgan U.S. Research Enhanced Large Cap ETF	7.68%	21.69%
CNAV Mohr Company Nav ETF	34.15%	32.30%

Correlation

The correlation between JUSA and CNAV is 0.74, 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	0.74
Correlation (All Time) Calculated using the full available price history since Mar 17, 2025	0.76

The correlation between JUSA and CNAV has been stable across timeframes, ranging from 0.74 to 0.76 - a consistent structural relationship.

Return for Risk

JUSA vs. CNAV — Risk / Return Rank

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

JUSA

JUSA Risk / Return Rank: 66
JUSA Sharpe Ratio Rank: 67
JUSA Sortino Ratio Rank: 65
JUSA Omega Ratio Rank: 67
JUSA Calmar Ratio Rank: 60
JUSA Martin Ratio Rank: 73

CNAV

CNAV Risk / Return Rank: 75
CNAV Sharpe Ratio Rank: 71
CNAV Sortino Ratio Rank: 63
CNAV Omega Ratio Rank: 67
CNAV Calmar Ratio Rank: 85
CNAV Martin Ratio Rank: 88

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.

JUSA vs. CNAV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan U.S. Research Enhanced Large Cap ETF (JUSA) and Mohr Company Nav ETF (CNAV). 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.

	JUSA	CNAV	Difference
Sharpe ratio: Return per unit of total volatility	2.05	2.16	-0.10
Sortino ratio: Return per unit of downside risk	2.81	2.72	+0.09
Omega ratio: Gain probability vs. loss probability	1.37	1.38	0.00
Calmar ratio: Return relative to maximum drawdown	2.77	4.38	-1.61
Martin ratio: Return relative to average drawdown	12.73	18.41	-5.68
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JUSA vs. CNAV - Sharpe Ratio Comparison

The current JUSA Sharpe Ratio is 2.05, which is comparable to the CNAV Sharpe Ratio of 2.16. The chart below compares the historical Sharpe Ratios of JUSA and CNAV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	JUSA	CNAV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.05	2.16	-0.10
Sharpe Ratio (All Time) Calculated using the full available price history	1.32	1.29	+0.03

Drawdowns

JUSA vs. CNAV - Drawdown Comparison

The maximum JUSA drawdown since its inception was -14.02%, smaller than the maximum CNAV drawdown of -30.06%. Use the drawdown chart below to compare losses from any high point for JUSA and CNAV.

Drawdown Indicators

	JUSA	CNAV	Difference
Max Drawdown Largest peak-to-trough decline	-14.02%	-30.06%	+16.04%
Max Drawdown (1Y) Largest decline over 1 year	-8.93%	-12.97%	+4.04%
Current Drawdown Current decline from peak	-2.81%	-8.90%	+6.09%
Average Drawdown Average peak-to-trough decline	-1.51%	-5.42%	+3.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.94%	3.08%	-1.14%

Volatility

JUSA vs. CNAV - Volatility Comparison

The current volatility for JPMorgan U.S. Research Enhanced Large Cap ETF (JUSA) is 3.53%, while Mohr Company Nav ETF (CNAV) has a volatility of 14.56%. This indicates that JUSA experiences smaller price fluctuations and is considered to be less risky than CNAV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JUSA	CNAV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.53%	14.56%	-11.03%
Volatility (6M) Calculated over the trailing 6-month period	9.30%	22.65%	-13.35%
Volatility (1Y) Calculated over the trailing 1-year period	12.08%	26.34%	-14.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.79%	27.80%	-9.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.79%	27.80%	-9.01%

JUSA vs. CNAV - Expense Ratio Comparison

JUSA has a 0.20% expense ratio, which is lower than CNAV's 1.31% expense ratio.

Dividends

JUSA vs. CNAV - Dividend Comparison

JUSA's dividend yield for the trailing twelve months is around 0.88%, while CNAV has not paid dividends to shareholders.

Position	TTM	2025
CNAV Mohr Company Nav ETF	0.00%	0.00%
JUSA JPMorgan U.S. Research Enhanced Large Cap ETF	0.88%	0.77%

Frequently Asked Questions

Can I hold both JUSA and CNAV in my portfolio?

JUSA and CNAV have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JUSA or CNAV?

CNAV has higher volatility (14.56%) compared to JUSA (3.53%). In terms of maximum drawdown, JUSA dropped -14.02% vs CNAV's -30.06%.

Which ETF is better, JUSA or CNAV?

On 1-year performance, CNAV leads with 56.50% vs 24.65% for JUSA. On fees, JUSA is cheaper at 0.20% per year. On volatility, JUSA has been the lower-risk option at 3.53%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JUSA or CNAV?

Over the 1-year period, CNAV has performed better with a 56.50% return vs 24.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JUSA or CNAV?

JUSA is cheaper with a 0.20% expense ratio, compared with 1.31% for CNAV.

Which ETF pays a higher dividend yield, JUSA or CNAV?

JUSA has the higher dividend yield at 0.88%, compared with 0.00% for CNAV.

What is the main difference between JUSA and CNAV?

They also come from different issuers: JPMorgan and Mohr. Their fees differ too: 0.20% for JUSA and 1.31% for CNAV.

Which has better risk-adjusted returns?

CNAV currently has the higher Sharpe Ratio (2.16 vs 2.05), 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.