SPMD vs. JMEE
Compare and contrast key facts about SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) and JPMorgan Market Expansion Enhanced Equity ETF (JMEE).
SPMD and JMEE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPMD is a passively managed fund by State Street that tracks the performance of the S&P MidCap 400 Index. It was launched on Nov 8, 2005. JMEE is an actively managed fund by JPMorgan. It was launched on Jul 31, 1998.
Performance
SPMD vs. JMEE - Performance Comparison
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SPMD vs. JMEE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SPMD SPDR Portfolio S&P 400 Mid Cap ETF | 2.59% | 7.44% | 13.91% | 16.48% | 2.57% |
JMEE JPMorgan Market Expansion Enhanced Equity ETF | 3.71% | 7.65% | 13.65% | 18.12% | 1.37% |
Returns By Period
In the year-to-date period, SPMD achieves a 2.59% return, which is significantly lower than JMEE's 3.71% return.
SPMD
- 1D
- 2.99%
- 1M
- -5.29%
- YTD
- 2.59%
- 6M
- 4.27%
- 1Y
- 17.37%
- 3Y*
- 12.11%
- 5Y*
- 6.60%
- 10Y*
- 10.73%
JMEE
- 1D
- 2.68%
- 1M
- -4.56%
- YTD
- 3.71%
- 6M
- 6.43%
- 1Y
- 20.60%
- 3Y*
- 12.90%
- 5Y*
- —
- 10Y*
- —
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SPMD vs. JMEE - Expense Ratio Comparison
SPMD has a 0.05% expense ratio, which is lower than JMEE's 0.24% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
SPMD vs. JMEE — Risk / Return Rank
SPMD
JMEE
SPMD vs. JMEE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) and JPMorgan Market Expansion Enhanced Equity ETF (JMEE). 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.
| SPMD | JMEE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.83 | 0.99 | -0.16 |
Sortino ratioReturn per unit of downside risk | 1.30 | 1.50 | -0.20 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.21 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.25 | 1.51 | -0.26 |
Martin ratioReturn relative to average drawdown | 5.41 | 6.47 | -1.06 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SPMD | JMEE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.83 | 0.99 | -0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.34 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.58 | -0.15 |
Correlation
The correlation between SPMD and JMEE is 0.99, 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.
Dividends
SPMD vs. JMEE - Dividend Comparison
SPMD's dividend yield for the trailing twelve months is around 1.37%, more than JMEE's 1.09% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPMD SPDR Portfolio S&P 400 Mid Cap ETF | 1.37% | 1.39% | 1.42% | 1.47% | 1.64% | 1.24% | 1.30% | 1.57% | 1.85% | 1.97% | 2.13% | 5.33% |
JMEE JPMorgan Market Expansion Enhanced Equity ETF | 1.09% | 1.13% | 0.95% | 1.25% | 6.63% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SPMD vs. JMEE - Drawdown Comparison
The maximum SPMD drawdown since its inception was -57.62%, which is greater than JMEE's maximum drawdown of -25.40%. Use the drawdown chart below to compare losses from any high point for SPMD and JMEE.
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Drawdown Indicators
| SPMD | JMEE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.62% | -25.40% | -32.22% |
Max Drawdown (1Y)Largest decline over 1 year | -14.12% | -13.96% | -0.16% |
Max Drawdown (5Y)Largest decline over 5 years | -24.08% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -41.86% | — | — |
Current DrawdownCurrent decline from peak | -6.13% | -5.79% | -0.34% |
Average DrawdownAverage peak-to-trough decline | -8.18% | -5.57% | -2.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.27% | 3.27% | 0.00% |
Volatility
SPMD vs. JMEE - Volatility Comparison
SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) and JPMorgan Market Expansion Enhanced Equity ETF (JMEE) have volatilities of 6.56% and 6.35%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPMD | JMEE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.56% | 6.35% | +0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 11.95% | 12.09% | -0.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.11% | 20.98% | +0.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.71% | 19.69% | +0.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.18% | 19.69% | +1.49% |