IVV vs JMEE
iShares Core S&P 500 ETF vs JPMorgan Small & Mid Cap Enhanced Equity ETF
Which is better, IVV or JMEE?
Each has led over a different period.
IVV has a lower expense ratio. IVV led over 3Y and the full window, JMEE over 1Y. JMEE is less concentrated, with 9.6% of the fund in its ten largest positions against 37.8%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | IVV | JMEE |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.24% |
| AUM | $876.4B | $2.9B |
| Dividend Yield | 1.06% | 0.95% |
| Holdings | 508 | 655 |
| YTD Return | +11.51% | +14.36%Best |
| 1Y Return | +15.96% | +18.84%Best |
| 3Y Return (annualized) | +21.01%Best | +15.94% |
| 5Y Return (annualized) | +12.66% | - |
| Volatility (annualized) | 15.3%Best | 18.9% |
| Max Drawdown | -18.8%Best | -25.4% |
| $10,000 over 4.4 years | $20,362Best | $17,075 |
| Top 10 Weight | 37.8% | 9.6%Best |
| Fund Family | iShares by BlackRock (US) | J.P. Morgan Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | May 15, 2000 | May 6, 2022 |
Volatility and max drawdown, and the $10,000 over 4.4 years row, are measured over the window both funds cover: May 9, 2022 to Sep 15, 2026 (4.4 years).
IVV vs JMEE growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 4.4 years both funds cover.
IVV vs JMEE Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and JPMorgan Small & Mid Cap Enhanced Equity ETF (JMEE) is an ETF from J.P. Morgan Asset Management. Over the past year IVV returned +15.96% while JMEE returned +18.84%. Year to date, IVV is up 11.51% versus a gain of 14.36% for JMEE.
Over three years, IVV compounded at +21.01% per year against +15.94% for JMEE. Across the full 4-year window we track, IVV has the edge at +17.54% annualized vs +12.93%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
JMEE has been the more volatile fund, with annualized monthly volatility of 18.9% compared with 15.3% for IVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -18.8% for IVV and -25.4% for JMEE. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.85. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while JMEE charges 0.24%. On a $10,000 position that is $3 vs $24 annually, a gap of $21 per year that compounds over a long holding period. On income, IVV currently yields 1.06% against 0.95% for JMEE.
Holdings Overlap
We hold position weights for 490 holdings in IVV and 646 in JMEE, totalling 99.3% and 98.0% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 490 positions we hold weights for in IVV and 646 in JMEE, against full books of 508 and 655.
What only one of them owns
Our book lists 621 positions for JMEE that do not appear in our book for IVV (93.8% of the fund), and 482 for IVV that do not appear in JMEE (98.6%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of IVV and JMEE you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IVV or JMEE?
IVV has an expense ratio of 0.03% while JMEE charges 0.24%. IVV is the cheaper option, by $21 a year on a $10,000 investment.
Which performed better, IVV or JMEE?
Over the past year IVV returned +15.96% vs +18.84% for JMEE, so JMEE leads on 1-year performance. Over the longest common window we track (4 years), IVV annualized +17.54% vs +12.93% for JMEE. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or JMEE?
JMEE has been the more volatile fund at 18.9% annualized versus 15.3% for IVV. Worst drawdown: IVV -18.8% vs JMEE -25.4%.
Should I hold both IVV and JMEE?
IVV and JMEE have a monthly-return correlation of 0.85, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, IVV or JMEE?
IVV yields 1.06% while JMEE yields 0.95%, so IVV currently pays the higher dividend yield.
Is JMEE better than IVV?
IVV has a lower expense ratio. IVV led over 3Y and the full window, JMEE over 1Y. JMEE is less concentrated, with 9.6% of the fund in its ten largest positions against 37.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.