JPMB vs SPY
JPMorgan USD Emerging Markets Sovereign Bond ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | JPMB | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.39% | 0.09% | |
| AUM | $67M | $789.1B | |
| Dividend Yield | 6.79% | 1.01% | |
| Holdings | 205 | 505 | |
| YTD Return | +1.05% | +13.39% | |
| 1Y Return | +6.15% | +22.52% | |
| 3Y Return (annualized) | +7.54% | +21.36% | |
| 5Y Return (annualized) | +1.24% | +13.19% | |
| Volatility (annualized) | 10.1% | 15.3% | |
| Max Drawdown | -27.6% | -56.5% | |
| Fund Family | J.P. Morgan Asset Management | State Street Investment Management | |
| Category | Fixed Income | Equity | |
| Inception | Jan 29, 2018 | Jan 22, 1993 |
JPMB vs SPY Performance
JPMorgan USD Emerging Markets Sovereign Bond ETF (JPMB) 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 JPMB returned +6.15% while SPY returned +22.52%. Year to date, JPMB is up 1.05% versus a gain of 13.39% for SPY.
Over three years, JPMB compounded at +7.54% per year against +21.36% for SPY; over five years the annualized figures are +1.24% and +13.19% respectively. Across the full 9-year window we track, SPY has the edge at +8.84% annualized vs +0.85%. 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 10.1% for JPMB. 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 -27.6% for JPMB 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 0.72. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
JPMB 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, JPMB currently yields 6.79% against 1.01% for SPY.
Holdings Overlap
JPMB and SPY share 0 holdings out of 582 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, JPMB or SPY?
JPMB has an expense ratio of 0.39% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $30 per year of difference.
Which performed better, JPMB or SPY?
Over the past year JPMB returned +6.15% vs +22.52% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (9 years), JPMB annualized +0.85% vs +8.84% for SPY. Past performance does not guarantee future results.
Which is riskier, JPMB or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 10.1% for JPMB. Worst drawdown: JPMB -27.6% vs SPY -56.5%.
Should I hold both JPMB and SPY?
JPMB and SPY have a monthly-return correlation of 0.72, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between JPMB and SPY?
JPMB and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 582 unique securities.
Which pays a higher dividend, JPMB or SPY?
JPMB yields 6.79% while SPY yields 1.01%, so JPMB currently pays the higher dividend yield.
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