PPTY vs. JGASX

Last updated Jun 24, 2026

PPTY (US Diversified Real Estate ETF) and JGASX (JPMorgan Growth Advantage Fund Class A) are both funds - PPTY is a REIT fund tracking the USREX - U.S. Diversified Real Estate Index, while JGASX is a Large Cap Growth Equities fund actively managed by JPMorgan. PPTY is passively managed, while JGASX is actively managed. Over the past 5 years, PPTY returned 3.03%/yr vs 12.64%/yr for JGASX. At a 0.46 correlation, their price movements are largely independent. PPTY charges 0.49%/yr vs 0.74%/yr for JGASX.

Performance

PPTY vs. JGASX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in US Diversified Real Estate ETF (PPTY) and JPMorgan Growth Advantage Fund Class A (JGASX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PPTY achieves a 13.64% return, which is significantly higher than JGASX's 3.90% return.

PPTY

• 1D: 1.21%
• 1M: 2.70%
• YTD: 13.64%
• 6M: 14.29%
• 1Y: 13.03%
• 3Y*: 11.23%
• 5Y*: 3.03%
• 10Y*: —

JGASX

• 1D: -0.84%
• 1M: -0.89%
• YTD: 3.90%
• 6M: 2.50%
• 1Y: 17.11%
• 3Y*: 23.29%
• 5Y*: 12.64%
• 10Y*: 19.63%

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

PPTY vs. JGASX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
PPTY US Diversified Real Estate ETF	13.64%	-3.47%	9.85%	12.66%	-26.10%	40.36%	-7.25%	30.19%	4.86%
JGASX JPMorgan Growth Advantage Fund Class A	3.90%	15.79%	38.95%	40.17%	-30.05%	21.89%	53.67%	36.24%	-6.98%

Correlation

The correlation between PPTY and JGASX is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.15
Correlation (3Y) Calculated over the trailing 3-year period	0.32
Correlation (5Y) Calculated over the trailing 5-year period	0.48
Correlation (All Time) Calculated using the full available price history since Mar 27, 2018	0.46

Over the past year, the correlation between PPTY and JGASX has dropped to 0.15 - well below their long-term average of 0.46, suggesting their price drivers have been diverging.

Return for Risk

PPTY vs. JGASX — Risk / Return Rank

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

PPTY

PPTY Risk / Return Rank: 29
PPTY Sharpe Ratio Rank: 27
PPTY Sortino Ratio Rank: 26
PPTY Omega Ratio Rank: 24
PPTY Calmar Ratio Rank: 35
PPTY Martin Ratio Rank: 34

JGASX

JGASX Risk / Return Rank: 16
JGASX Sharpe Ratio Rank: 18
JGASX Sortino Ratio Rank: 17
JGASX Omega Ratio Rank: 18
JGASX Calmar Ratio Rank: 14
JGASX Martin Ratio Rank: 14

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.

PPTY vs. JGASX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for US Diversified Real Estate ETF (PPTY) and JPMorgan Growth Advantage Fund Class A (JGASX). 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.

	PPTY	JGASX	Difference
Sharpe ratio: Return per unit of total volatility	0.93	1.12	-0.19
Sortino ratio: Return per unit of downside risk	1.35	1.59	-0.24
Omega ratio: Gain probability vs. loss probability	1.16	1.20	-0.04
Calmar ratio: Return relative to maximum drawdown	1.62	1.17	+0.45
Martin ratio: Return relative to average drawdown	4.68	3.68	+0.99

PPTY vs. JGASX - Sharpe Ratio Comparison

The current PPTY Sharpe Ratio is 0.93, which is comparable to the JGASX Sharpe Ratio of 1.12. The chart below compares the historical Sharpe Ratios of PPTY and JGASX, 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

PPTY vs. JGASX - Drawdown Comparison

The maximum PPTY drawdown since its inception was -41.69%, smaller than the maximum JGASX drawdown of -53.92%. Use the drawdown chart below to compare losses from any high point for PPTY and JGASX.

Drawdown Indicators

	PPTY	JGASX	Difference
Max Drawdown Largest peak-to-trough decline	-41.69%	-53.92%	+12.23%
Max Drawdown (1Y) Largest decline over 1 year	-8.09%	-15.68%	+7.59%
Max Drawdown (3Y) Largest decline over 3 years	-21.06%	-24.35%	+3.29%
Max Drawdown (5Y) Largest decline over 5 years	-32.37%	-35.09%	+2.72%
Max Drawdown (10Y) Largest decline over 10 years	—	-35.09%	—
Current Drawdown Current decline from peak	-0.86%	-3.64%	+2.78%
Average Drawdown Average peak-to-trough decline	-11.28%	-8.83%	-2.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.79%	4.98%	-2.19%

Volatility

PPTY vs. JGASX - Volatility Comparison

The current volatility for US Diversified Real Estate ETF (PPTY) is 4.88%, while JPMorgan Growth Advantage Fund Class A (JGASX) has a volatility of 6.04%. This indicates that PPTY experiences smaller price fluctuations and is considered to be less risky than JGASX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PPTY	JGASX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.88%	6.04%	-1.16%
Volatility (6M) Calculated over the trailing 6-month period	10.08%	12.77%	-2.69%
Volatility (1Y) Calculated over the trailing 1-year period	14.15%	16.44%	-2.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.60%	22.48%	-3.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.90%	22.22%	-0.32%

PPTY vs. JGASX - Expense Ratio Comparison

PPTY has a 0.49% expense ratio, which is lower than JGASX's 0.74% expense ratio.

Dividends

PPTY vs. JGASX - Dividend Comparison

PPTY's dividend yield for the trailing twelve months is around 2.56%, less than JGASX's 11.33% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JGASX JPMorgan Growth Advantage Fund Class A	11.33%	11.77%	11.84%	0.60%	0.40%	14.74%	10.07%	9.58%	9.61%	4.13%	0.00%	3.47%
PPTY US Diversified Real Estate ETF	2.56%	3.04%	3.29%	4.08%	4.29%	2.87%	3.43%	3.30%	1.97%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PPTY and JGASX in my portfolio?

PPTY and JGASX have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PPTY or JGASX?

JGASX has higher volatility (6.04%) compared to PPTY (4.88%). In terms of maximum drawdown, PPTY dropped -41.69% vs JGASX's -53.92%.

Which has better risk-adjusted returns?

JGASX currently has the higher Sharpe Ratio (1.12 vs 0.93), 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.