MIEYX vs. JLGMX

Last updated Jun 24, 2026

MIEYX (MM S&P 500 Index Fund) and JLGMX (JPMorgan Large Cap Growth Fund Class R6) are both mutual funds - MIEYX is a S&P 500 fund tracking the S&P 500 Index, while JLGMX is a Large Cap Growth Equities fund actively managed by JPMorgan. MIEYX is passively managed, while JLGMX is actively managed. Over the past 10 years, MIEYX returned 14.74%/yr vs 20.56%/yr for JLGMX. Their correlation of 0.90 suggests significant overlap in exposure. MIEYX charges 0.46%/yr vs 0.44%/yr for JLGMX.

Performance

MIEYX vs. JLGMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MM S&P 500 Index Fund (MIEYX) and JPMorgan Large Cap Growth Fund Class R6 (JLGMX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MIEYX achieves a 9.52% return, which is significantly higher than JLGMX's 6.63% return. Over the past 10 years, MIEYX has underperformed JLGMX with an annualized return of 14.74%, while JLGMX has yielded a comparatively higher 20.56% annualized return.

MIEYX

• 1D: -0.39%
• 1M: 0.07%
• YTD: 9.52%
• 6M: 8.51%
• 1Y: 24.87%
• 3Y*: 20.83%
• 5Y*: 13.01%
• 10Y*: 14.74%

JLGMX

• 1D: -0.16%
• 1M: 1.20%
• YTD: 6.63%
• 6M: 4.95%
• 1Y: 19.11%
• 3Y*: 22.47%
• 5Y*: 12.89%
• 10Y*: 20.56%

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

MIEYX vs. JLGMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MIEYX MM S&P 500 Index Fund	9.52%	17.27%	24.36%	25.76%	-18.63%	28.02%	17.87%	30.98%	-5.26%	18.90%
JLGMX JPMorgan Large Cap Growth Fund Class R6	6.63%	14.38%	35.40%	34.95%	-25.20%	18.48%	56.39%	39.47%	0.74%	38.41%

Correlation

The correlation between MIEYX and JLGMX is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (5Y) Calculated over the trailing 5-year period	0.93
Correlation (10Y) Calculated over the trailing 10-year period	0.89
Correlation (All Time) Calculated using the full available price history since Nov 30, 2010	0.90

The correlation between MIEYX and JLGMX has been stable across timeframes, ranging from 0.89 to 0.93 - a consistent structural relationship.

Return for Risk

MIEYX vs. JLGMX — Risk / Return Rank

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

MIEYX

MIEYX Risk / Return Rank: 62
MIEYX Sharpe Ratio Rank: 60
MIEYX Sortino Ratio Rank: 54
MIEYX Omega Ratio Rank: 56
MIEYX Calmar Ratio Rank: 64
MIEYX Martin Ratio Rank: 75

JLGMX

JLGMX Risk / Return Rank: 18
JLGMX Sharpe Ratio Rank: 22
JLGMX Sortino Ratio Rank: 20
JLGMX Omega Ratio Rank: 21
JLGMX Calmar Ratio Rank: 14
JLGMX Martin Ratio Rank: 13

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.

MIEYX vs. JLGMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MM S&P 500 Index Fund (MIEYX) and JPMorgan Large Cap Growth Fund Class R6 (JLGMX). 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.

	MIEYX	JLGMX	Difference
Sharpe ratio: Return per unit of total volatility	2.10	1.24	+0.85
Sortino ratio: Return per unit of downside risk	2.84	1.74	+1.10
Omega ratio: Gain probability vs. loss probability	1.38	1.23	+0.15
Calmar ratio: Return relative to maximum drawdown	2.94	1.24	+1.70
Martin ratio: Return relative to average drawdown	13.21	3.51	+9.70

MIEYX vs. JLGMX - Sharpe Ratio Comparison

The current MIEYX Sharpe Ratio is 2.10, which is higher than the JLGMX Sharpe Ratio of 1.24. The chart below compares the historical Sharpe Ratios of MIEYX and JLGMX, 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

MIEYX vs. JLGMX - Drawdown Comparison

The maximum MIEYX drawdown since its inception was -55.63%, which is greater than JLGMX's maximum drawdown of -31.82%. Use the drawdown chart below to compare losses from any high point for MIEYX and JLGMX.

Drawdown Indicators

	MIEYX	JLGMX	Difference
Max Drawdown Largest peak-to-trough decline	-55.63%	-31.82%	-23.81%
Max Drawdown (1Y) Largest decline over 1 year	-8.92%	-16.73%	+7.81%
Max Drawdown (3Y) Largest decline over 3 years	-36.63%	-21.47%	-15.16%
Max Drawdown (5Y) Largest decline over 5 years	-36.63%	-31.13%	-5.50%
Max Drawdown (10Y) Largest decline over 10 years	-36.63%	-31.82%	-4.81%
Current Drawdown Current decline from peak	-4.12%	-1.23%	-2.89%
Average Drawdown Average peak-to-trough decline	-12.55%	-5.80%	-6.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.98%	5.90%	-3.92%

Volatility

MIEYX vs. JLGMX - Volatility Comparison

The current volatility for MM S&P 500 Index Fund (MIEYX) is 4.69%, while JPMorgan Large Cap Growth Fund Class R6 (JLGMX) has a volatility of 6.59%. This indicates that MIEYX experiences smaller price fluctuations and is considered to be less risky than JLGMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MIEYX	JLGMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.69%	6.59%	-1.90%
Volatility (6M) Calculated over the trailing 6-month period	9.84%	12.48%	-2.64%
Volatility (1Y) Calculated over the trailing 1-year period	12.52%	16.69%	-4.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.57%	20.36%	+5.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.61%	21.66%	+0.95%

MIEYX vs. JLGMX - Expense Ratio Comparison

MIEYX has a 0.46% expense ratio, which is higher than JLGMX's 0.44% expense ratio.

Dividends

MIEYX vs. JLGMX - Dividend Comparison

MIEYX's dividend yield for the trailing twelve months is around 16.10%, more than JLGMX's 10.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JLGMX JPMorgan Large Cap Growth Fund Class R6	10.36%	11.04%	2.12%	0.31%	3.49%	14.25%	5.14%	12.65%	15.59%	14.44%	9.71%	4.43%
MIEYX MM S&P 500 Index Fund	16.10%	17.63%	32.89%	7.13%	33.24%	13.29%	16.29%	6.38%	19.14%	21.81%	4.19%	2.29%

Frequently Asked Questions

Can I hold both MIEYX and JLGMX in my portfolio?

With a correlation of 0.91, MIEYX and JLGMX 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, MIEYX or JLGMX?

JLGMX has higher volatility (6.59%) compared to MIEYX (4.69%). In terms of maximum drawdown, MIEYX dropped -55.63% vs JLGMX's -31.82%.

Which has better risk-adjusted returns?

MIEYX currently has the higher Sharpe Ratio (2.10 vs 1.24), 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.