JPFP vs SPY
JPMorgan Managed Futures Plus ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, JPFP or SPY?
Managed Futures against Large Cap Blend.
SPY has a lower expense ratio.
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 | JPFP | SPY |
|---|---|---|
| Expense Ratio | 0.59% | 0.09%Best |
| AUM | $33M | $804.7B |
| Dividend Yield | 0.00% | 0.98% |
| Holdings | 597 | 505 |
| YTD Return | +5.77% | +12.89%Best |
| 1Y Return | - | +17.01% |
| 3Y Return (annualized) | - | +22.46% |
| 5Y Return (annualized) | - | +13.01% |
| Fund Family | J.P. Morgan Asset Management | State Street Investment Management |
| Category | Alternative | Equity |
| Style | Managed Futures | Large Cap Blend |
| Inception | May 27, 2026 | Jan 22, 1993 |
Not shown on this pair: Volatility (annualized), Max Drawdown, $10,000 over the window, Top 10 Weight.
JPFP 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
JPFP vs SPY Performance
JPMorgan Managed Futures Plus ETF (JPFP) 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. Year to date, JPFP is up 5.77% versus a gain of 12.89% for SPY.
Past performance does not guarantee future results.
Fees and Cost Over Time
JPFP charges 0.59% per year while SPY charges 0.09%. On a $10,000 position that is $59 vs $9 annually, a gap of $50 per year that compounds over a long holding period. On income, JPFP currently yields 0.00% against 0.98% for SPY.
Holdings Overlap
At least 78.7% of SPY's money is in holdings JPFP also owns.
Stated as a floor: for JPFP, our book for it covers 66.9% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
Most of SPY is already inside JPFP. Owning both mostly buys the same companies twice.
344 positions in common, counted across the 403 positions we hold weights for in JPFP and 504 in SPY, against full books of 597 and 505.
Top Shared Holdings
| Stock | Weight in JPFP | Weight in SPY | Difference |
|---|---|---|---|
| NVDANvidia Corp | 4.84% | 8.01% | 3.17% |
| AAPLApple, Inc | 4.10% | 7.26% | 3.16% |
| MSFTMicrosoft Corp | 3.31% | 5.66% | 2.35% |
| GOOGLAlphabet Inc,class A | 2.72% | 2.99% | 0.27% |
| GOOGAlphabet Inc | 2.19% | 2.39% | 0.20% |
| AVGOBroadcom Inc | 1.81% | 2.66% | 0.85% |
| METAMeta Platforms Inc | 1.70% | 1.93% | 0.23% |
| BRK.BBerkshire Hathaway Inc Brk/B Us Equity | 1.21% | 1.40% | 0.19% |
| MUMicron Technology, Inc. | 0.88% | 1.60% | 0.72% |
| TSLATesla Inc | 0.58% | 1.52% | 0.94% |
78.7% of SPY is already inside JPFP.
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, JPFP or SPY?
JPFP has an expense ratio of 0.59% while SPY charges 0.09%. SPY is the cheaper option, by $50 a year on a $10,000 investment.
What is the holdings overlap between JPFP and SPY?
At least 78.7% of SPY's money is in holdings JPFP also owns. Our book for JPFP is partial, so the real figure is this or higher. They hold 344 positions in common, counted across the 403 positions we hold weights for in JPFP and 504 in SPY.
Which pays a higher dividend, JPFP or SPY?
JPFP yields 0.00% while SPY yields 0.98%, so SPY currently pays the higher dividend yield.
Is SPY better than JPFP?
SPY has a lower expense ratio. Which one suits a particular account depends on what it is for. This is information, not a recommendation.