MTRA vs. JIVE

Last updated Jul 11, 2026

MTRA (Invesco International Growth Focus ETF) and JIVE (JPMorgan International Value ETF) are both Foreign Large Cap Equities funds. Over the past year, MTRA returned 7.27% vs 38.06% for JIVE. Their correlation of 0.81 suggests significant overlap in exposure. MTRA charges 0.54%/yr vs 0.55%/yr for JIVE.

Performance

MTRA vs. JIVE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco International Growth Focus ETF (MTRA) and JPMorgan International Value ETF (JIVE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MTRA achieves a 2.54% return, which is significantly lower than JIVE's 16.35% return.

MTRA

• 1D: -0.02%
• 1M: 1.79%
• 6M: -1.42%
• YTD: 2.54%
• 1Y: 7.27%
• 3Y*: —
• 5Y*: —
• 10Y*: —

JIVE

• 1D: 0.46%
• 1M: 0.42%
• 6M: 13.51%
• YTD: 16.35%
• 1Y: 38.06%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MTRA vs. JIVE - Yearly Performance Comparison

	2026 (YTD)	2025
MTRA Invesco International Growth Focus ETF	2.54%	4.16%
JIVE JPMorgan International Value ETF	16.35%	22.32%

Correlation

The correlation between MTRA and JIVE is 0.81, 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	0.81
Correlation (All Time) Calculated using the full available price history since Jun 11, 2025	0.81

The correlation between MTRA and JIVE has been stable across timeframes, ranging from 0.81 to 0.81 - a consistent structural relationship.

Return for Risk

MTRA vs. JIVE — Risk / Return Rank

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

MTRA

MTRA Risk / Return Rank: 14
MTRA Sharpe Ratio Rank: 14
MTRA Sortino Ratio Rank: 14
MTRA Omega Ratio Rank: 14
MTRA Calmar Ratio Rank: 14
MTRA Martin Ratio Rank: 16

JIVE

JIVE Risk / Return Rank: 87
JIVE Sharpe Ratio Rank: 91
JIVE Sortino Ratio Rank: 89
JIVE Omega Ratio Rank: 89
JIVE Calmar Ratio Rank: 83
JIVE Martin Ratio Rank: 84

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.

MTRA vs. JIVE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco International Growth Focus ETF (MTRA) and JPMorgan International Value ETF (JIVE). 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.

	MTRA	JIVE	Difference
Sharpe ratio: Return per unit of total volatility	0.31	2.49	-2.18
Sortino ratio: Return per unit of downside risk	0.56	3.30	-2.74
Omega ratio: Gain probability vs. loss probability	1.07	1.44	-0.38
Calmar ratio: Return relative to maximum drawdown	0.37	3.56	-3.19
Martin ratio: Return relative to average drawdown	1.10	13.40	-12.30

MTRA vs. JIVE - Sharpe Ratio Comparison

The current MTRA Sharpe Ratio is 0.31, which is lower than the JIVE Sharpe Ratio of 2.49. The chart below compares the historical Sharpe Ratios of MTRA and JIVE, 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

MTRA vs. JIVE - Drawdown Comparison

The maximum MTRA drawdown since its inception was -15.77%, which is greater than JIVE's maximum drawdown of -13.79%. Use the drawdown chart below to compare losses from any high point for MTRA and JIVE.

Drawdown Indicators

	MTRA	JIVE	Difference
Max Drawdown Largest peak-to-trough decline	-15.77%	-13.79%	-1.98%
Max Drawdown (1Y) Largest decline over 1 year	-15.77%	-10.57%	-5.20%
Current Drawdown Current decline from peak	-3.00%	-1.22%	-1.78%
Average Drawdown Average peak-to-trough decline	-3.75%	-1.95%	-1.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.27%	2.80%	+2.47%

Volatility

MTRA vs. JIVE - Volatility Comparison

Invesco International Growth Focus ETF (MTRA) has a higher volatility of 7.47% compared to JPMorgan International Value ETF (JIVE) at 5.04%. This indicates that MTRA's price experiences larger fluctuations and is considered to be riskier than JIVE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MTRA	JIVE	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.47%	5.04%	+2.43%
Volatility (6M) Calculated over the trailing 6-month period	16.37%	13.09%	+3.28%
Volatility (1Y) Calculated over the trailing 1-year period	18.72%	15.12%	+3.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.43%	15.10%	+3.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.43%	15.10%	+3.33%

MTRA vs. JIVE - Expense Ratio Comparison

MTRA has a 0.54% expense ratio, which is lower than JIVE's 0.55% expense ratio.

Dividends

MTRA vs. JIVE - Dividend Comparison

MTRA's dividend yield for the trailing twelve months is around 0.67%, less than JIVE's 2.47% yield.

Position	TTM	2025	2024	2023
JIVE JPMorgan International Value ETF	2.47%	2.88%	2.48%	0.74%
MTRA Invesco International Growth Focus ETF	0.67%	0.69%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MTRA and JIVE in my portfolio?

MTRA and JIVE have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MTRA or JIVE?

MTRA has higher volatility (7.47%) compared to JIVE (5.04%). In terms of maximum drawdown, MTRA dropped -15.77% vs JIVE's -13.79%.

Which ETF is better, MTRA or JIVE?

On 1-year performance, JIVE leads with 38.06% vs 7.27% for MTRA. On fees, MTRA is cheaper at 0.54% per year. On volatility, JIVE has been the lower-risk option at 5.04%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MTRA or JIVE?

Over the 1-year period, JIVE has performed better with a 38.06% return vs 7.27%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MTRA or JIVE?

MTRA is cheaper with a 0.54% expense ratio, compared with 0.55% for JIVE.

Which ETF pays a higher dividend yield, MTRA or JIVE?

JIVE has the higher dividend yield at 2.47%, compared with 0.67% for MTRA.

What is the main difference between MTRA and JIVE?

They also come from different issuers: Invesco and JPMorgan. Their fees differ too: 0.54% for MTRA and 0.55% for JIVE.

Which has better risk-adjusted returns?

JIVE currently has the higher Sharpe Ratio (2.49 vs 0.31), 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.