PWER vs. JMMF

Last updated Jun 24, 2026

PWER (Macquarie Energy Transition ETF) and JMMF (JPMorgan 100% U.S. Treasury Securities Money Market ETF) are both exchange-traded funds - PWER is a Alternative Energy Equities fund actively managed by Macquarie, while JMMF is a Money Market fund actively managed by JPMorgan. Both are actively managed. At a correlation of -0.17, they often move in opposite directions. PWER charges 0.80%/yr vs 0.16%/yr for JMMF.

Performance

PWER vs. JMMF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Macquarie Energy Transition ETF (PWER) and JPMorgan 100% U.S. Treasury Securities Money Market ETF (JMMF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PWER achieves a 19.28% return, which is significantly higher than JMMF's 1.63% return.

PWER

• 1D: -3.13%
• 1M: -4.18%
• YTD: 19.28%
• 6M: 18.48%
• 1Y: 49.01%
• 3Y*: —
• 5Y*: —
• 10Y*: —

JMMF

• 1D: 0.00%
• 1M: 0.27%
• YTD: 1.63%
• 6M: 1.82%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PWER vs. JMMF - Yearly Performance Comparison

	2026 (YTD)	2025
PWER Macquarie Energy Transition ETF	19.28%	0.65%
JMMF JPMorgan 100% U.S. Treasury Securities Money Market ETF	1.63%	0.17%

Correlation

The correlation between PWER and JMMF is -0.17, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 11, 2025	-0.17

Return for Risk

PWER vs. JMMF — Risk / Return Rank

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

PWER

PWER Risk / Return Rank: 79
PWER Sharpe Ratio Rank: 79
PWER Sortino Ratio Rank: 69
PWER Omega Ratio Rank: 72
PWER Calmar Ratio Rank: 89
PWER Martin Ratio Rank: 88

JMMF

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

PWER vs. JMMF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Macquarie Energy Transition ETF (PWER) and JPMorgan 100% U.S. Treasury Securities Money Market ETF (JMMF). 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.

	PWER	JMMF	Difference
Sharpe ratio: Return per unit of total volatility	2.31	—	—
Sortino ratio: Return per unit of downside risk	2.90	—	—
Omega ratio: Gain probability vs. loss probability	1.39	—	—
Calmar ratio: Return relative to maximum drawdown	4.88	—	—
Martin ratio: Return relative to average drawdown	17.97	—	—

Drawdowns

PWER vs. JMMF - Drawdown Comparison

The maximum PWER drawdown since its inception was -29.68%, which is greater than JMMF's maximum drawdown of -0.14%. Use the drawdown chart below to compare losses from any high point for PWER and JMMF.

Drawdown Indicators

	PWER	JMMF	Difference
Max Drawdown Largest peak-to-trough decline	-29.68%	-0.14%	-29.54%
Max Drawdown (1Y) Largest decline over 1 year	-10.10%	—	—
Current Drawdown Current decline from peak	-10.10%	0.00%	-10.10%
Average Drawdown Average peak-to-trough decline	-6.23%	-0.01%	-6.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.74%	—	—

Volatility

Volatility by Period

	PWER	JMMF	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.67%	—	—
Volatility (6M) Calculated over the trailing 6-month period	17.39%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	21.34%	0.51%	+20.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.71%	0.51%	+23.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.71%	0.51%	+23.20%

PWER vs. JMMF - Expense Ratio Comparison

PWER has a 0.80% expense ratio, which is higher than JMMF's 0.16% expense ratio.

Dividends

PWER vs. JMMF - Dividend Comparison

PWER's dividend yield for the trailing twelve months is around 1.30%, less than JMMF's 1.80% yield.

Position	TTM	2025	2024	2023
JMMF JPMorgan 100% U.S. Treasury Securities Money Market ETF	1.80%	0.20%	0.00%	0.00%
PWER Macquarie Energy Transition ETF	1.30%	1.37%	1.05%	0.06%

Frequently Asked Questions

Can I hold both PWER and JMMF in my portfolio?

PWER and JMMF have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PWER or JMMF?

On fees, JMMF is cheaper at 0.16% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PWER or JMMF?

JMMF is cheaper with a 0.16% expense ratio, compared with 0.80% for PWER.

Which ETF pays a higher dividend yield, PWER or JMMF?

JMMF has the higher dividend yield at 1.80%, compared with 1.30% for PWER.

What is the main difference between PWER and JMMF?

PWER is categorized as Alternative Energy Equities, while JMMF is Money Market. They also come from different issuers: Macquarie and JPMorgan. Their fees differ too: 0.80% for PWER and 0.16% for JMMF.