JVAL vs VOO
JPMorgan US Value Factor ETF vs Vanguard S&P 500 ETF
Which is better, JVAL or VOO?
Large Cap Value against Large Cap Blend.
VOO has a lower expense ratio. JVAL led over 1Y, VOO over 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.94. JVAL is less concentrated, with 17.3% of the fund in its ten largest positions against 37.6%.
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 | JVAL | VOO |
|---|---|---|
| Expense Ratio | 0.12% | 0.03%Best |
| AUM | $952M | $997.4B |
| Dividend Yield | 1.60% | 1.04% |
| Holdings | 399 | 509 |
| YTD Return | +19.78%Best | +11.48% |
| 1Y Return | +26.53%Best | +15.94% |
| 3Y Return (annualized) | +20.83% | +21.01%Best |
| 5Y Return (annualized) | +12.47% | +12.66%Best |
| Volatility (annualized) | 18.2% | 16.3%Best |
| Max Drawdown | -40.4% | -34.3%Best |
| $10,000 over 5 years | $17,996 | $18,149Best |
| Top 10 Weight | 17.3%Best | 37.6% |
| Fund Family | J.P. Morgan Asset Management | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Nov 8, 2017 | Sep 7, 2010 |
Volatility and max drawdown are measured over the window both funds cover: Nov 9, 2017 to Sep 15, 2026 (8.8 years).
JVAL vs VOO 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 8.8 years both funds cover.
JVAL vs VOO Performance
JPMorgan US Value Factor ETF (JVAL) is an ETF from J.P. Morgan Asset Management and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year JVAL returned +26.53% while VOO returned +15.94%. Year to date, JVAL is up 19.78% versus a gain of 11.48% for VOO.
Over three years, JVAL compounded at +20.83% per year against +21.01% for VOO; over five years the annualized figures are +12.47% and +12.66% respectively. Across the full 9-year window we track, VOO has the edge at +13.94% annualized vs +11.74%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
JVAL has been the more volatile fund, with annualized monthly volatility of 18.2% compared with 16.3% for VOO. 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 -40.4% for JVAL and -34.3% for VOO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.94. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
JVAL charges 0.12% per year while VOO charges 0.03%. On a $10,000 position that is $12 vs $3 annually, a gap of $9 per year that compounds over a long holding period. On income, JVAL currently yields 1.60% against 1.04% for VOO.
Holdings Overlap
70.1% of JVAL's money is in holdings VOO also owns. 52.5% of VOO's money is in holdings JVAL also owns.
Most of JVAL is already inside VOO. Owning both mostly buys the same companies twice.
195 positions in common, counted across the 390 positions we hold weights for in JVAL and 494 in VOO, against full books of 399 and 509.
What only one of them owns
Our book lists 293 positions for VOO that do not appear in our book for JVAL (46.8% of the fund), and 186 for JVAL that do not appear in VOO (28.0%).
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 JVAL | Weight in VOO | Difference |
|---|---|---|---|
| NVDANvidia Corp | 1.85% | 7.55% | 5.70% |
| AAPLApple, Inc | 2.06% | 7.05% | 4.99% |
| MSFTMicrosoft Corp | 2.23% | 5.36% | 3.13% |
| GOOGLAlphabet Inc,class A | 1.85% | 3.24% | 1.39% |
| AVGOBroadcom Inc | 1.77% | 2.86% | 1.09% |
| METAMeta Platforms Inc | 1.74% | 1.90% | 0.16% |
| MUMicron Technology, Inc. | 1.92% | 1.44% | 0.48% |
| JNJJohnson & Johnson - Common | 1.64% | 0.96% | 0.68% |
| INTCIntel Corporation | 1.16% | 0.66% | 0.50% |
| AMDAdvanced Micro Devices Inc | 0.59% | 1.21% | 0.62% |
70.1% of JVAL is already inside VOO.
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, JVAL or VOO?
JVAL has an expense ratio of 0.12% while VOO charges 0.03%. VOO is the cheaper option, by $9 a year on a $10,000 investment.
Which performed better, JVAL or VOO?
Over the past year JVAL returned +26.53% vs +15.94% for VOO, so JVAL leads on 1-year performance. Over the longest common window we track (9 years), JVAL annualized +11.74% vs +13.94% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, JVAL or VOO?
JVAL has been the more volatile fund at 18.2% annualized versus 16.3% for VOO. Worst drawdown: JVAL -40.4% vs VOO -34.3%.
Should I hold both JVAL and VOO?
JVAL and VOO have a monthly-return correlation of 0.94, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between JVAL and VOO?
70.1% of JVAL's money is in holdings VOO also owns. 52.5% of VOO's is in holdings JVAL also owns. They hold 195 positions in common, counted across the 390 positions we hold weights for in JVAL and 494 in VOO.
Which pays a higher dividend, JVAL or VOO?
JVAL yields 1.60% while VOO yields 1.04%, so JVAL currently pays the higher dividend yield.
Is VOO better than JVAL?
VOO has a lower expense ratio. JVAL led over 1Y, VOO over 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.94. JVAL is less concentrated, with 17.3% of the fund in its ten largest positions against 37.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.