JDOC vs SPY
JPMorgan Healthcare Leaders ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. JDOC delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | JDOC | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.65% | 0.09% | |
| AUM | $9M | $789.1B | |
| Dividend Yield | 0.60% | 1.01% | |
| Holdings | 66 | 505 | |
| YTD Return | +6.67% | +13.79% | |
| 1Y Return | +28.27% | +23.66% | |
| 3Y Return (annualized) | - | +21.40% | |
| 5Y Return (annualized) | - | +13.37% | |
| Volatility (annualized) | 13.6% | 15.3% | |
| Max Drawdown | -20.4% | -56.5% | |
| Fund Family | J.P. Morgan Asset Management | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Nov 1, 2023 | Jan 22, 1993 |
JDOC vs SPY Performance
JPMorgan Healthcare Leaders ETF (JDOC) is a ETF from J.P. Morgan Asset Management and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year JDOC returned +28.27% while SPY returned +23.66%. Year to date, JDOC is up 6.67% versus a gain of 13.79% for SPY.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 13.6% for JDOC. 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 -20.4% for JDOC and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.33. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
JDOC charges 0.65% per year while SPY charges 0.09%. On a $10,000 position that is $65 vs $9 annually, a gap of $56 per year that compounds over a long holding period. On income, JDOC currently yields 0.60% against 1.01% for SPY.
Holdings Overlap
JDOC and SPY share 25 holdings out of 534 unique holdings combined, representing a 6.9% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, JDOC or SPY?
JDOC has an expense ratio of 0.65% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $56 per year of difference.
Which performed better, JDOC or SPY?
Over the past year JDOC returned +28.27% vs +23.66% for SPY, so JDOC leads on 1-year performance. Over the longest common window we track (3 years), JDOC annualized +11.70% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, JDOC or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 13.6% for JDOC. Worst drawdown: JDOC -20.4% vs SPY -56.5%.
Should I hold both JDOC and SPY?
JDOC and SPY have a monthly-return correlation of 0.33, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between JDOC and SPY?
JDOC and SPY share 25 common holdings with a 6.9% weight overlap. Combined, they hold 534 unique securities.
Which pays a higher dividend, JDOC or SPY?
JDOC yields 0.60% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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