JPEF vs VOO
JPMorgan Equity Focus ETF vs Vanguard S&P 500 ETF
Which is better, JPEF or VOO?
Nearly the same fund. VOO costs less.
VOO has a lower expense ratio. VOO led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.98. VOO is less concentrated, with 36.4% of the fund in its ten largest positions against 46.0%.
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 | JPEF | VOO |
|---|---|---|
| Expense Ratio | 0.44% | 0.03%Best |
| AUM | $2.0B | $997.4B |
| Dividend Yield | 0.65% | 1.04% |
| Holdings | 42 | 509 |
| YTD Return | +8.44% | +12.23%Best |
| 1Y Return | +11.17% | +18.60%Best |
| 3Y Return (annualized) | +18.57% | +20.98%Best |
| 5Y Return (annualized) | - | +12.76% |
| Volatility (annualized) | 12.4%Best | 12.8% |
| Max Drawdown | -18.1%Best | -18.7% |
| $10,000 over 3.1 years | $16,412 | $17,295Best |
| Top 10 Weight | 46.0% | 36.4%Best |
| Fund Family | J.P. Morgan Asset Management | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Mar 10, 2023 | Sep 7, 2010 |
Volatility and max drawdown, and the $10,000 over 3.1 years row, are measured over the window both funds cover: Jul 31, 2023 to Sep 9, 2026 (3.1 years).
JPEF vs VOO 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 3.1 years both funds cover.
JPEF vs VOO Performance
JPMorgan Equity Focus ETF (JPEF) is an ETF from J.P. Morgan Asset Management and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year JPEF returned +11.17% while VOO returned +18.60%. Year to date, JPEF is up 8.44% versus a gain of 12.23% for VOO.
Over three years, JPEF compounded at +18.57% per year against +20.98% for VOO.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 12.8% compared with 12.4% for JPEF. 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 -18.1% for JPEF and -18.7% for VOO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.98. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
JPEF charges 0.44% per year while VOO charges 0.03%. On a $10,000 position that is $44 vs $3 annually, a gap of $41 per year that compounds over a long holding period. On income, JPEF currently yields 0.65% against 1.04% for VOO.
Holdings Overlap
94.3% of JPEF's money is in holdings VOO also owns. 41.7% of VOO's money is in holdings JPEF also owns.
Most of JPEF is already inside VOO. Owning both mostly buys the same companies twice.
The two holdings books were reported 65 days apart, JPEF as of Sep 3, 2026 and VOO as of Jun 30, 2026, so some of the difference between them is the time between the two reports rather than the funds.
36 positions in common, counted across the 41 positions we hold weights for in JPEF and 505 in VOO, against full books of 42 and 509.
What only one of them owns
Our book lists 460 positions for VOO that do not appear in our book for JPEF (57.7% of the fund), and 4 for JPEF that do not appear in VOO (3.5%).
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 JPEF | Weight in VOO | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 9.54% | 7.51% | 2.03% |
| AAPLApple, Inc | 5.58% | 6.59% | 1.01% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 4.99% | 4.30% | 0.69% |
| GOOGAlphabet Inc | 6.26% | 2.59% | 3.67% |
| AMZNAmazon.Com Inc | 4.65% | 3.62% | 1.03% |
| AVGOBroadcom Inc | 3.02% | 2.77% | 0.25% |
| JNJJohnson & Johnson | 3.39% | 0.95% | 2.44% |
| MUMicron Technology, Inc. | 2.19% | 2.02% | 0.17% |
| METAMeta Platforms, Inc. | 1.98% | 1.92% | 0.06% |
| BRK.BBerkshire Hathaway B | 2.28% | 1.42% | 0.86% |
94.3% of JPEF is already inside VOO.
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, JPEF or VOO?
JPEF has an expense ratio of 0.44% while VOO charges 0.03%. VOO is the cheaper option, by $41 a year on a $10,000 investment.
Which performed better, JPEF or VOO?
Over the past year JPEF returned +11.17% vs +18.60% for VOO, so VOO leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, JPEF or VOO?
VOO has been the more volatile fund at 12.8% annualized versus 12.4% for JPEF. Worst drawdown: JPEF -18.1% vs VOO -18.7%.
Should I hold both JPEF and VOO?
JPEF and VOO have a monthly-return correlation of 0.98, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between JPEF and VOO?
94.3% of JPEF's money is in holdings VOO also owns. 41.7% of VOO's is in holdings JPEF also owns. They hold 36 positions in common, counted across the 41 positions we hold weights for in JPEF and 505 in VOO.
Which pays a higher dividend, JPEF or VOO?
JPEF yields 0.65% while VOO yields 1.04%, so VOO currently pays the higher dividend yield.
Is VOO better than JPEF?
VOO has a lower expense ratio. VOO led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.98. VOO is less concentrated, with 36.4% of the fund in its ten largest positions against 46.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.