JPIN vs SPY
JPMorgan Diversified Return International Equity ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. JPIN delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | JPIN | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.37% | 0.09% | |
| AUM | $374M | $821.1B | |
| Dividend Yield | 4.09% | 1.01% | |
| Holdings | 477 | 505 | |
| YTD Return | +14.03% | +12.68% | |
| 1Y Return | +22.25% | +21.82% | |
| 3Y Return (annualized) | +20.10% | +21.98% | |
| 5Y Return (annualized) | +9.35% | +12.89% | |
| Volatility (annualized) | 14.1% | 15.3% | |
| Max Drawdown | -40.3% | -56.5% | |
| Fund Family | J.P. Morgan Asset Management | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Nov 5, 2014 | Jan 22, 1993 |
JPIN vs SPY Performance
JPMorgan Diversified Return International Equity ETF (JPIN) is a ETF from J.P. Morgan Asset Management and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year JPIN returned +22.25% while SPY returned +21.82%. Year to date, JPIN is up 14.03% versus a gain of 12.68% for SPY.
Over three years, JPIN compounded at +20.10% per year against +21.98% for SPY; over five years the annualized figures are +9.35% and +12.89% respectively. Across the full 12-year window we track, SPY has the edge at +8.81% annualized vs +5.92%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 14.1% for JPIN. 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 -40.3% for JPIN and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.79. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
JPIN charges 0.37% per year while SPY charges 0.09%. On a $10,000 position that is $37 vs $9 annually, a gap of $28 per year that compounds over a long holding period. On income, JPIN currently yields 4.09% against 1.01% for SPY.
Holdings Overlap
JPIN and SPY share 1 holdings out of 960 unique holdings combined, representing a 0.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in JPIN | Weight in SPY | Difference |
|---|---|---|---|
| PRU | 0.19% | 0.06% | 0.13% |
Frequently Asked Questions
Which is cheaper, JPIN or SPY?
JPIN has an expense ratio of 0.37% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $28 per year of difference.
Which performed better, JPIN or SPY?
Over the past year JPIN returned +22.25% vs +21.82% for SPY, so JPIN leads on 1-year performance. Over the longest common window we track (12 years), JPIN annualized +5.92% vs +8.81% for SPY. Past performance does not guarantee future results.
Which is riskier, JPIN or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 14.1% for JPIN. Worst drawdown: JPIN -40.3% vs SPY -56.5%.
Should I hold both JPIN and SPY?
JPIN and SPY have a monthly-return correlation of 0.79, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between JPIN and SPY?
JPIN and SPY share 1 common holdings with a 0.1% weight overlap. Combined, they hold 960 unique securities.
Which pays a higher dividend, JPIN or SPY?
JPIN yields 4.09% while SPY yields 1.01%, so JPIN currently pays the higher dividend yield.
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