JPEM vs SPY
JPMorgan Diversified Return Emerging Markets Equity ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, JPEM or SPY?
SPY has been ahead.
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. JPEM is less concentrated, with 11.0% of the fund in its ten largest positions against 38.0%.
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 | JPEM | SPY |
|---|---|---|
| Expense Ratio | 0.44% | 0.09%Best |
| AUM | $399M | $814.4B |
| Dividend Yield | 4.27% | 1.01% |
| Holdings | 588 | 505 |
| YTD Return | +11.46% | +13.78%Best |
| 1Y Return | +20.63% | +21.44%Best |
| 3Y Return (annualized) | +14.67% | +21.38%Best |
| 5Y Return (annualized) | +6.99% | +12.80%Best |
| Volatility (annualized) | 15.0%Tie | 15.0%Tie |
| Max Drawdown | -43.8% | -34.1%Best |
| $10,000 over 5 years | $14,019 | $18,262Best |
| Top 10 Weight | 11.0%Best | 38.0% |
| Fund Family | J.P. Morgan Asset Management | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jan 7, 2015 | Jan 22, 1993 |
Volatility and max drawdown are measured over the window both funds cover: Jan 9, 2015 to Sep 3, 2026 (11.6 years).
JPEM 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 11.6 years both funds cover.
JPEM vs SPY Performance
JPMorgan Diversified Return Emerging Markets Equity ETF (JPEM) 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 JPEM returned +20.63% while SPY returned +21.44%. Year to date, JPEM is up 11.46% versus a gain of 13.78% for SPY.
Over three years, JPEM compounded at +14.67% per year against +21.38% for SPY; over five years the annualized figures are +6.99% and +12.80% respectively. Across the full 12-year window we track, SPY has the edge at +12.82% annualized vs +4.58%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
JPEM and SPY have been equally volatile, both at 15.0% annualized.
The deepest peak-to-trough decline in our data was -43.8% for JPEM and -34.1% 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 0.68. They move together some of the time, and apart the rest.
Fees and Cost Over Time
JPEM charges 0.44% per year while SPY charges 0.09%. On a $10,000 position that is $44 vs $9 annually, a gap of $35 per year that compounds over a long holding period. On income, JPEM currently yields 4.27% against 1.01% for SPY.
Holdings Overlap
We hold position weights for 549 holdings in JPEM and 504 in SPY, totalling 99.2% and 100.0% 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 549 positions we hold weights for in JPEM and 504 in SPY, against full books of 588 and 505.
What only one of them owns
Our book lists 496 positions for SPY that do not appear in our book for JPEM (99.5% of the fund), and 12 for JPEM that do not appear in SPY (3.6%).
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 JPEM and SPY 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, JPEM or SPY?
JPEM has an expense ratio of 0.44% while SPY charges 0.09%. SPY is the cheaper option, by $35 a year on a $10,000 investment.
Which performed better, JPEM or SPY?
Over the past year JPEM returned +20.63% vs +21.44% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (12 years), JPEM annualized +4.58% vs +12.82% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, JPEM or SPY?
JPEM and SPY have been equally volatile, both at 15.0% annualized. Worst drawdown: JPEM -43.8% vs SPY -34.1%.
Should I hold both JPEM and SPY?
JPEM and SPY have a monthly-return correlation of 0.68, 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, JPEM or SPY?
JPEM yields 4.27% while SPY yields 1.01%, so JPEM currently pays the higher dividend yield.
Is SPY better than JPEM?
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. JPEM is less concentrated, with 11.0% of the fund in its ten largest positions against 38.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.