JDOC vs SPY
JPMorgan Healthcare Leaders ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, JDOC or SPY?
Each has led over a different period.
SPY has a lower expense ratio. JDOC led over 1Y, SPY over the full window. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 45.6%.
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 | JDOC | SPY |
|---|---|---|
| Expense Ratio | 0.65% | 0.09%Best |
| AUM | $9M | $814.4B |
| Dividend Yield | 0.85% | 1.01% |
| Holdings | 64 | 505 |
| YTD Return | +8.63% | +13.34%Best |
| 1Y Return | +22.53%Best | +19.97% |
| 3Y Return (annualized) | - | +21.20% |
| 5Y Return (annualized) | - | +12.81% |
| Volatility (annualized) | 13.4% | 11.7%Best |
| Max Drawdown | -20.4% | -18.8%Best |
| $10,000 over 2.8 years | $13,765 | $18,338Best |
| Top 10 Weight | 45.6% | 38.0%Best |
| Fund Family | J.P. Morgan Asset Management | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Nov 1, 2023 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 2.8 years row, are measured over the window both funds cover: Nov 2, 2023 to Sep 4, 2026 (2.8 years).
JDOC vs SPY 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 2.8 years both funds cover.
JDOC vs SPY Performance
JPMorgan Healthcare Leaders ETF (JDOC) is an ETF from J.P. Morgan Asset Management and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year JDOC returned +22.53% while SPY returned +19.97%. Year to date, JDOC is up 8.63% versus a gain of 13.34% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
JDOC has been the more volatile fund, with annualized monthly volatility of 13.4% compared with 11.7% for SPY. 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 -18.8% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.33. They move together some of the time, and apart the rest.
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 0.85% against 1.01% for SPY.
Holdings Overlap
62.2% of JDOC's money is in holdings SPY also owns. 6.5% of SPY's money is in holdings JDOC also owns.
The two portfolios partly overlap.
24 positions in common, counted across the 56 positions we hold weights for in JDOC and 504 in SPY, against full books of 64 and 505.
What only one of them owns
Our book lists 472 positions for SPY that do not appear in our book for JDOC (93.0% of the fund), and 16 for JDOC that do not appear in SPY (10.6%).
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.
Top Shared Holdings
| Stock | Weight in JDOC | Weight in SPY | Difference |
|---|---|---|---|
| LLYEli Lilly & Co. | 8.00% | 1.33% | 6.67% |
| ABBVAbbvie Inc. | 7.60% | 0.65% | 6.95% |
| JNJJohnson & Johnson - Common | 4.73% | 0.92% | 3.81% |
| MRKMerck & Company Inc | 4.66% | 0.47% | 4.19% |
| UNHUnitedhealth Group Incorporated | 3.77% | 0.56% | 3.21% |
| TMOThermo Fisherscientific Inc. | 3.86% | 0.32% | 3.54% |
| BMYBristol-Myers Squibb Co. | 3.41% | 0.20% | 3.21% |
| ABTAbbott Laboratories | 3.07% | 0.28% | 2.79% |
| DHRDanaher Corporation | 2.48% | 0.18% | 2.30% |
| CVSCvs Health Corp. | 2.30% | 0.20% | 2.10% |
62.2% of JDOC is already inside SPY.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
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, by $56 a year on a $10,000 investment.
Which performed better, JDOC or SPY?
Over the past year JDOC returned +22.53% vs +19.97% for SPY, so JDOC leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, JDOC or SPY?
JDOC has been the more volatile fund at 13.4% annualized versus 11.7% for SPY. Worst drawdown: JDOC -20.4% vs SPY -18.8%.
Should I hold both JDOC and SPY?
JDOC and SPY have a monthly-return correlation of 0.33, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between JDOC and SPY?
62.2% of JDOC's money is in holdings SPY also owns. 6.5% of SPY's is in holdings JDOC also owns. They hold 24 positions in common, counted across the 56 positions we hold weights for in JDOC and 504 in SPY.
Which pays a higher dividend, JDOC or SPY?
JDOC yields 0.85% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
Is SPY better than JDOC?
SPY has a lower expense ratio. JDOC led over 1Y, SPY over the full window. SPY is less concentrated, with 38.0% of the fund in its ten largest positions against 45.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.