JVAL vs. ABEQ

Last updated Aug 4, 2026

JVAL (JPMorgan U.S. Value Factor ETF) and ABEQ (Absolute Select Value ETF) are both Large Cap Value Equities funds. JVAL is passively managed, while ABEQ is actively managed. Over the past 5 years, JVAL returned 12.53%/yr vs 8.42%/yr for ABEQ. Their 0.73 correlation means they have sometimes moved together and sometimes differently. JVAL charges 0.12%/yr vs 0.85%/yr for ABEQ.

Performance

JVAL vs. ABEQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan U.S. Value Factor ETF (JVAL) and Absolute Select Value ETF (ABEQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JVAL achieves a 19.89% return, which is significantly higher than ABEQ's 7.54% return.

JVAL

• 1D: 1.20%
• 1M: 1.02%
• 6M: 14.82%
• YTD: 19.89%
• 1Y: 34.83%
• 3Y*: 19.42%
• 5Y*: 12.53%
• 10Y*: —
• ALL TIME*: 12.96%

ABEQ

• 1D: 0.27%
• 1M: 1.30%
• 6M: 2.94%
• YTD: 7.54%
• 1Y: 13.63%
• 3Y*: 12.47%
• 5Y*: 8.42%
• 10Y*: —
• ALL TIME*: 8.10%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ABEQ Absolute Select Value ETF	$447.80K	$487.79K	$489.86K
JVAL JPMorgan U.S. Value Factor ETF	$2.04M	$2.35M	$3.17M

JVAL vs. ABEQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
JVAL JPMorgan U.S. Value Factor ETF	19.89%	16.16%	14.53%	19.48%	-11.58%	31.31%	5.24%
ABEQ Absolute Select Value ETF	7.54%	15.32%	12.68%	4.63%	-1.00%	12.49%	2.14%

Correlation

The correlation between JVAL and ABEQ is 0.44, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.44
Correlation (3Y) Balances recent behavior with more history.	0.59
Correlation (5Y) Shows whether the relationship held over a longer period.	0.69
Correlation (All Time) Calculated using the full available price history since Jan 22, 2020	0.73

Over the past year, the correlation between JVAL and ABEQ has dropped to 0.44 - well below their long-term average of 0.73, suggesting their price drivers have been diverging.

JVAL vs. ABEQ - Sectors Allocation Comparison

Sectors	JVAL	ABEQ
Technology	39.9%	4.4%
Financial Services	10.8%	27.5%
Healthcare	10.0%	6.5%
Consumer Cyclical	9.5%	-
Communication Services	8.4%	6.2%
Industrials	7.8%	16.0%
Energy	3.6%	11.0%
Consumer Defensive	2.6%	8.2%
Utilities	2.5%	3.9%
Basic Materials	2.2%	15.5%
Real Estate	1.8%	5.2%

Return for Risk

JVAL vs. ABEQ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

JVAL

JVAL Risk / Return Rank: 91
JVAL Sharpe Ratio Rank: 92
JVAL Sortino Ratio Rank: 90
JVAL Omega Ratio Rank: 89
JVAL Calmar Ratio Rank: 91
JVAL Martin Ratio Rank: 92

ABEQ

ABEQ Risk / Return Rank: 53
ABEQ Sharpe Ratio Rank: 61
ABEQ Sortino Ratio Rank: 62
ABEQ Omega Ratio Rank: 59
ABEQ Calmar Ratio Rank: 46
ABEQ Martin Ratio Rank: 35

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

JVAL vs. ABEQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan U.S. Value Factor ETF (JVAL) and Absolute Select Value ETF (ABEQ). 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.

	JVAL	ABEQ	Difference
Sharpe ratio: Return per unit of total volatility	2.40	1.50	+0.90
Sortino ratio: Return per unit of downside risk	3.28	2.18	+1.10
Omega ratio: Gain probability vs. loss probability	1.42	1.27	+0.15
Calmar ratio: Return relative to maximum drawdown	4.13	1.73	+2.39
Martin ratio: Return relative to average drawdown	16.01	3.43	+12.57

JVAL vs. ABEQ - Sharpe Ratio Comparison

The current JVAL Sharpe Ratio is 2.40, which is higher than the ABEQ Sharpe Ratio of 1.50. The chart below compares the historical Sharpe Ratios of JVAL and ABEQ, 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

JVAL vs. ABEQ - Drawdown Comparison

The maximum JVAL drawdown since its inception was -40.42%, which is greater than ABEQ's maximum drawdown of -27.82%. Use the drawdown chart below to compare losses from any high point for JVAL and ABEQ.

Drawdown Indicators

	JVAL	ABEQ	Difference
Max Drawdown Largest peak-to-trough decline	-40.42%	-27.82%	-12.60%
Max Drawdown (1Y) Largest decline over 1 year	-8.48%	-7.89%	-0.59%
Max Drawdown (3Y) Largest decline over 3 years	-20.07%	-7.95%	-12.12%
Max Drawdown (5Y) Largest decline over 5 years	-22.39%	-17.26%	-5.13%
Current Drawdown Current decline from peak	-0.39%	-3.76%	+3.37%
Average Drawdown Average peak-to-trough decline	-5.23%	-4.12%	-1.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.18%	3.98%	-1.80%

Volatility

JVAL vs. ABEQ - Volatility Comparison

JPMorgan U.S. Value Factor ETF (JVAL) has a higher volatility of 3.32% compared to Absolute Select Value ETF (ABEQ) at 2.78%. This indicates that JVAL's price experiences larger fluctuations and is considered to be riskier than ABEQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JVAL	ABEQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.32%	2.78%	+0.54%
Volatility (6M) Calculated over the trailing 6-month period	11.14%	6.52%	+4.62%
Volatility (1Y) Calculated over the trailing 1-year period	14.58%	9.12%	+5.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.20%	10.78%	+6.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.76%	13.75%	+6.01%

JVAL vs. ABEQ - Expense Ratio Comparison

JVAL has a 0.12% expense ratio, which is lower than ABEQ's 0.85% expense ratio.

Dividends

JVAL vs. ABEQ - Dividend Comparison

JVAL's dividend yield for the trailing twelve months is around 1.63%, more than ABEQ's 1.18% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
ABEQ Absolute Select Value ETF	1.18%	1.25%	1.48%	2.60%	1.20%	0.60%	0.60%	0.00%	0.00%	0.00%
JVAL JPMorgan U.S. Value Factor ETF	1.63%	2.08%	2.21%	2.43%	2.46%	1.88%	2.55%	2.58%	2.61%	0.45%

Frequently Asked Questions

Can I hold both JVAL and ABEQ in my portfolio?

JVAL and ABEQ have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JVAL or ABEQ?

JVAL has higher volatility (3.32%) compared to ABEQ (2.78%). In terms of maximum drawdown, JVAL dropped -40.42% vs ABEQ's -27.82%.

Which ETF is better, JVAL or ABEQ?

On 5-year performance, JVAL leads with 12.53% vs 8.42% for ABEQ. On fees, JVAL is cheaper at 0.12% per year. On volatility, ABEQ has been the lower-risk option at 2.78%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JVAL or ABEQ?

Over the 5-year period, JVAL has performed better with a 12.53% return vs 8.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JVAL or ABEQ?

JVAL is cheaper with a 0.12% expense ratio, compared with 0.85% for ABEQ.

Which ETF pays a higher dividend yield, JVAL or ABEQ?

JVAL has the higher dividend yield at 1.63%, compared with 1.18% for ABEQ.

What is the main difference between JVAL and ABEQ?

They also come from different issuers: JPMorgan and Absolute Investment Advisers. Their fees differ too: 0.12% for JVAL and 0.85% for ABEQ.

Which has better risk-adjusted returns?

JVAL currently has the higher Sharpe Ratio (2.40 vs 1.50), 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.