JVASX vs. SPY
Compare and contrast key facts about JPMorgan Value Advantage Fund (JVASX) and SPDR S&P 500 ETF (SPY).
JVASX is managed by JPMorgan Chase. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JVASX or SPY.
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.
Performance
JVASX vs. SPY - Performance Comparison
Key characteristics
JVASX:
0.52
SPY:
2.21
JVASX:
0.73
SPY:
2.93
JVASX:
1.12
SPY:
1.41
JVASX:
0.37
SPY:
3.26
JVASX:
2.47
SPY:
14.43
JVASX:
3.04%
SPY:
1.90%
JVASX:
14.32%
SPY:
12.41%
JVASX:
-59.38%
SPY:
-55.19%
JVASX:
-15.75%
SPY:
-2.74%
Returns By Period
In the year-to-date period, JVASX achieves a 5.72% return, which is significantly lower than SPY's 25.54% return. Over the past 10 years, JVASX has underperformed SPY with an annualized return of 3.52%, while SPY has yielded a comparatively higher 12.97% annualized return.
JVASX
5.72%
-13.02%
-0.98%
6.59%
1.36%
3.52%
SPY
25.54%
-0.42%
8.90%
25.98%
14.66%
12.97%
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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.
Risk-Adjusted Performance
JVASX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Value Advantage Fund (JVASX) and 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.
Dividends
JVASX vs. SPY - Dividend Comparison
JVASX has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 0.86%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JVASX JPMorgan Value Advantage Fund | 0.00% | 1.62% | 1.71% | 1.00% | 1.65% | 1.46% | 1.84% | 1.09% | 1.22% | 0.67% | 1.06% | 0.74% |
SPY SPDR S&P 500 ETF | 0.86% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
JVASX vs. SPY - Drawdown Comparison
The maximum JVASX drawdown since its inception was -59.38%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for JVASX and SPY. For additional features, visit the drawdowns tool.
Volatility
JVASX vs. SPY - Volatility Comparison
JPMorgan Value Advantage Fund (JVASX) has a higher volatility of 9.45% compared to SPDR S&P 500 ETF (SPY) at 3.72%. This indicates that JVASX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.