JVASX vs. SPY
Compare and contrast key facts about JPMorgan Value Advantage Fund (JVASX) and State Street SPDR S&P 500 ETF (SPY).
JVASX is managed by JPMorgan. It was launched on Feb 28, 2005. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Performance
JVASX vs. SPY - Performance Comparison
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JVASX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JVASX JPMorgan Value Advantage Fund | -2.27% | 9.70% | 27.34% | 9.89% | -3.87% | 28.48% | -1.79% | 27.07% | -9.20% | 13.96% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, JVASX achieves a -2.27% return, which is significantly higher than SPY's -4.37% return. Over the past 10 years, JVASX has underperformed SPY with an annualized return of 10.70%, while SPY has yielded a comparatively higher 13.98% annualized return.
JVASX
- 1D
- -0.06%
- 1M
- -7.32%
- YTD
- -2.27%
- 6M
- 0.52%
- 1Y
- 5.99%
- 3Y*
- 15.07%
- 5Y*
- 10.18%
- 10Y*
- 10.70%
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
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JVASX vs. SPY - Expense Ratio Comparison
JVASX has a 0.79% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
JVASX vs. SPY — Risk / Return Rank
JVASX
SPY
JVASX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Value Advantage Fund (JVASX) and State Street SPDR S&P 500 ETF (SPY). 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.
| JVASX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.43 | 0.93 | -0.49 |
Sortino ratioReturn per unit of downside risk | 0.72 | 1.45 | -0.74 |
Omega ratioGain probability vs. loss probability | 1.10 | 1.22 | -0.12 |
Calmar ratioReturn relative to maximum drawdown | 0.49 | 1.53 | -1.03 |
Martin ratioReturn relative to average drawdown | 1.96 | 7.30 | -5.34 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| JVASX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.43 | 0.93 | -0.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 0.69 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | 0.78 | -0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.56 | -0.09 |
Correlation
The correlation between JVASX and SPY is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
JVASX vs. SPY - Dividend Comparison
JVASX's dividend yield for the trailing twelve months is around 13.00%, more than SPY's 1.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JVASX JPMorgan Value Advantage Fund | 13.00% | 12.70% | 19.48% | 7.18% | 10.52% | 14.21% | 3.13% | 3.94% | 7.38% | 2.05% | 1.23% | 1.71% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
JVASX vs. SPY - Drawdown Comparison
The maximum JVASX drawdown since its inception was -57.87%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for JVASX and SPY.
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Drawdown Indicators
| JVASX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.87% | -55.19% | -2.68% |
Max Drawdown (1Y)Largest decline over 1 year | -11.76% | -12.05% | +0.29% |
Max Drawdown (5Y)Largest decline over 5 years | -17.50% | -24.50% | +7.00% |
Max Drawdown (10Y)Largest decline over 10 years | -41.09% | -33.72% | -7.37% |
Current DrawdownCurrent decline from peak | -8.04% | -6.24% | -1.80% |
Average DrawdownAverage peak-to-trough decline | -6.57% | -9.09% | +2.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.95% | 2.52% | +0.43% |
Volatility
JVASX vs. SPY - Volatility Comparison
The current volatility for JPMorgan Value Advantage Fund (JVASX) is 3.43%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 5.31%. This indicates that JVASX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JVASX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.43% | 5.31% | -1.88% |
Volatility (6M)Calculated over the trailing 6-month period | 8.21% | 9.47% | -1.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.18% | 19.05% | -2.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.70% | 17.06% | -1.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.41% | 17.92% | +0.49% |