JMEE vs SPY
JMEE vs SPY
JPMorgan Small & Mid Cap Enhanced Equity ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. JMEE delivered stronger 1-year returns. JMEE offers more diversification with 638 holdings.
Side-by-Side Comparison
| Metric | JMEE | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.24% | 0.09% | |
| AUM | $2.9B | $789.1B | |
| Dividend Yield | 0.91% | 1.01% | |
| Holdings | 664 | 505 | |
| YTD Return | +19.70% | +13.28% | |
| 1Y Return | +31.51% | +23.94% | |
| 3Y Return (annualized) | +15.75% | +21.07% | |
| 5Y Return (annualized) | - | +13.27% | |
| Volatility (annualized) | 19.0% | 15.3% | |
| Max Drawdown | -25.4% | -56.5% | |
| Fund Family | J.P. Morgan Asset Management | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | May 6, 2022 | Jan 22, 1993 |
JMEE vs SPY Performance
JPMorgan Small & Mid Cap Enhanced Equity ETF (JMEE) 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 JMEE returned +31.51% while SPY returned +23.94%. Year to date, JMEE is up 19.70% versus a gain of 13.28% for SPY.
Over three years, JMEE compounded at +15.75% per year against +21.07% for SPY. Across the full 4-year window we track, JMEE has the edge at +14.52% annualized vs +8.84%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
JMEE has been the more volatile fund, with annualized monthly volatility of 19.0% compared with 15.3% 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 -25.4% for JMEE 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 0.86. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
JMEE charges 0.24% per year while SPY charges 0.09%. On a $10,000 position that is $24 vs $9 annually, a gap of $15 per year that compounds over a long holding period. On income, JMEE currently yields 0.91% against 1.01% for SPY.
Holdings Overlap
JMEE and SPY share 0 holdings out of 1141 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, JMEE or SPY?
JMEE has an expense ratio of 0.24% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $15 per year of difference.
Which performed better, JMEE or SPY?
Over the past year JMEE returned +31.51% vs +23.94% for SPY, so JMEE leads on 1-year performance. Over the longest common window we track (4 years), JMEE annualized +14.52% vs +8.84% for SPY. Past performance does not guarantee future results.
Which is riskier, JMEE or SPY?
JMEE has been the more volatile fund at 19.0% annualized versus 15.3% for SPY. Worst drawdown: JMEE -25.4% vs SPY -56.5%.
Should I hold both JMEE and SPY?
JMEE and SPY have a monthly-return correlation of 0.86, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between JMEE and SPY?
JMEE and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 1141 unique securities.
Which pays a higher dividend, JMEE or SPY?
JMEE yields 0.91% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.