JTEK vs SPY
JPMorgan US Tech Leaders ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, JTEK or SPY?
Each has led over a different period.
SPY has a lower expense ratio. JTEK led over 3Y and the full window, SPY over 1Y. JTEK is less concentrated, with 34.0% of the fund in its ten largest positions against 37.8%.
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 | JTEK | SPY |
|---|---|---|
| Expense Ratio | 0.65% | 0.09%Best |
| AUM | $4.4B | $804.7B |
| Dividend Yield | 0.00% | 0.98% |
| Holdings | 66 | 505 |
| YTD Return | +15.67%Best | +13.82% |
| 1Y Return | +11.91% | +16.96%Best |
| 3Y Return (annualized) | +27.36%Best | +22.97% |
| 5Y Return (annualized) | - | +13.73% |
| Volatility (annualized) | 26.2% | 12.3%Best |
| Max Drawdown | -30.6% | -18.8%Best |
| $10,000 over 3 years | $20,659Best | $18,695 |
| Top 10 Weight | 34.0%Best | 37.8% |
| Fund Family | J.P. Morgan Asset Management | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Oct 4, 2023 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 3 years row, are measured over the window both funds cover: Oct 9, 2023 to Sep 21, 2026 (3 years).
JTEK 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 3 years both funds cover.
JTEK vs SPY Performance
JPMorgan US Tech Leaders ETF (JTEK) 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 JTEK returned +11.91% while SPY returned +16.96%. Year to date, JTEK is up 15.67% versus a gain of 13.82% for SPY.
Over three years, JTEK compounded at +27.36% per year against +22.97% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
JTEK has been the more volatile fund, with annualized monthly volatility of 26.2% compared with 12.3% for SPY. 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 -30.6% for JTEK and -18.8% 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 0.83. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
JTEK charges 0.65% per year while SPY charges 0.09%. On a $10,000 position that is $65 vs $9 annually, a gap of $56 per year that compounds over a long holding period. On income, JTEK currently yields 0.00% against 0.98% for SPY.
Holdings Overlap
63.6% of JTEK's money is in holdings SPY also owns. 35.1% of SPY's money is in holdings JTEK also owns.
The two portfolios partly overlap.
34 positions in common, counted across the 69 positions we hold weights for in JTEK and 504 in SPY, against full books of 66 and 505.
What only one of them owns
Our book lists 463 positions for SPY that do not appear in our book for JTEK (64.3% of the fund), and 31 for JTEK that do not appear in SPY (31.1%).
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.
Top Shared Holdings
| Stock | Weight in JTEK | Weight in SPY | Difference |
|---|---|---|---|
| NVDANvidia Corp | 3.84% | 8.01% | 4.17% |
| MSFTMicrosoft Corp | 3.28% | 5.66% | 2.38% |
| AVGOBroadcom Inc | 3.67% | 2.66% | 1.01% |
| GOOGAlphabet Inc | 2.82% | 2.39% | 0.43% |
| AMZNAmazon.Com Inc | 1.04% | 3.79% | 2.75% |
| PANWPalo Alto Networks, Inc | 4.25% | 0.45% | 3.80% |
| TSLATesla Inc | 2.97% | 1.52% | 1.45% |
| CRMSalesforce Inc Crm Us Equity | 3.37% | 0.32% | 3.05% |
| CRWDCrowdstrike Holdings Inc | 3.34% | 0.33% | 3.01% |
| AMDAdvanced Micro Devices Inc | 2.52% | 1.14% | 1.38% |
63.6% of JTEK is already inside SPY.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
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Frequently Asked Questions
Which is cheaper, JTEK or SPY?
JTEK has an expense ratio of 0.65% while SPY charges 0.09%. SPY is the cheaper option, by $56 a year on a $10,000 investment.
Which performed better, JTEK or SPY?
Over the past year JTEK returned +11.91% vs +16.96% 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, JTEK or SPY?
JTEK has been the more volatile fund at 26.2% annualized versus 12.3% for SPY. Worst drawdown: JTEK -30.6% vs SPY -18.8%.
Should I hold both JTEK and SPY?
JTEK and SPY have a monthly-return correlation of 0.83, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between JTEK and SPY?
63.6% of JTEK's money is in holdings SPY also owns. 35.1% of SPY's is in holdings JTEK also owns. They hold 34 positions in common, counted across the 69 positions we hold weights for in JTEK and 504 in SPY.
Which pays a higher dividend, JTEK or SPY?
JTEK yields 0.00% while SPY yields 0.98%, so SPY currently pays the higher dividend yield.
Is SPY better than JTEK?
SPY has a lower expense ratio. JTEK led over 3Y and the full window, SPY over 1Y. JTEK is less concentrated, with 34.0% of the fund in its ten largest positions against 37.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.