JPIE vs SPY
JPMorgan Income ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, JPIE or SPY?
Diversified Sectoral Bond against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y, 3Y and the full window.
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 | JPIE | SPY |
|---|---|---|
| Expense Ratio | 0.39% | 0.09%Best |
| AUM | $10.6B | $804.7B |
| Dividend Yield | 5.65% | 0.98% |
| Holdings | 2,702 | 505 |
| YTD Return | +1.84% | +12.47%Best |
| 1Y Return | +3.25% | +17.51%Best |
| 3Y Return (annualized) | +6.70% | +21.18%Best |
| 5Y Return (annualized) | - | +12.88% |
| Volatility (annualized) | 4.2%Best | 15.7% |
| Max Drawdown | -10.0%Best | -24.5% |
| $10,000 over 4.9 years | $11,736 | $17,740Best |
| Fund Family | J.P. Morgan Asset Management | State Street Investment Management |
| Category | Fixed Income | Equity |
| Style | Diversified Sectoral Bond | Large Cap Blend |
| Inception | Oct 28, 2021 | Jan 22, 1993 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 4.9 years row, are measured over the window both funds cover: Nov 2, 2021 to Sep 11, 2026 (4.9 years).
JPIE 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 4.9 years both funds cover.
JPIE vs SPY Performance
JPMorgan Income ETF (JPIE) 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 JPIE returned +3.25% while SPY returned +17.51%. Year to date, JPIE is up 1.84% versus a gain of 12.47% for SPY.
Over three years, JPIE compounded at +6.70% per year against +21.18% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.7% compared with 4.2% for JPIE. 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 -10.0% for JPIE and -24.5% 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 0.69. They move together some of the time, and apart the rest.
Fees and Cost Over Time
JPIE charges 0.39% per year while SPY charges 0.09%. On a $10,000 position that is $39 vs $9 annually, a gap of $30 per year that compounds over a long holding period. On income, JPIE currently yields 5.65% against 0.98% for SPY.
Holdings Overlap
At least 0.4% of SPY's money is in holdings JPIE also owns.
Stated as a floor: for JPIE, our book for it covers 0.5% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
We cannot see either book well enough to say how much of this pair is duplicated.
1 positions in common, counted across the 11 positions we hold weights for in JPIE and 504 in SPY, against full books of 2,702 and 505.
Top Shared Holdings
| Stock | Weight in JPIE | Weight in SPY | Difference |
|---|---|---|---|
| WFCWells Fargo & Co. | 0.09% | 0.41% | 0.32% |
You are not choosing between two funds in isolation.
Whichever of JPIE 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, JPIE or SPY?
JPIE has an expense ratio of 0.39% while SPY charges 0.09%. SPY is the cheaper option, by $30 a year on a $10,000 investment.
Which performed better, JPIE or SPY?
Over the past year JPIE returned +3.25% vs +17.51% for SPY, so SPY leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, JPIE or SPY?
SPY has been the more volatile fund at 15.7% annualized versus 4.2% for JPIE. Worst drawdown: JPIE -10.0% vs SPY -24.5%.
Should I hold both JPIE and SPY?
JPIE and SPY have a monthly-return correlation of 0.69, 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, JPIE or SPY?
JPIE yields 5.65% while SPY yields 0.98%, so JPIE currently pays the higher dividend yield.
Is SPY better than JPIE?
SPY has a lower expense ratio. SPY led over 1Y, 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.