JMOM vs SPY
JMOM vs SPY
JPMorgan US Momentum Factor ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. JMOM delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | JMOM | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.12% | 0.09% | |
| AUM | $2.5B | $789.1B | |
| Dividend Yield | 0.86% | 1.01% | |
| Holdings | 280 | 505 | |
| YTD Return | +22.99% | +13.79% | |
| 1Y Return | +31.41% | +23.66% | |
| 3Y Return (annualized) | +26.50% | +21.40% | |
| 5Y Return (annualized) | +14.39% | +13.37% | |
| Volatility (annualized) | 17.6% | 15.3% | |
| Max Drawdown | -34.3% | -56.5% | |
| Fund Family | J.P. Morgan Asset Management | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Nov 8, 2017 | Jan 22, 1993 |
JMOM vs SPY Performance
JPMorgan US Momentum Factor ETF (JMOM) 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 JMOM returned +31.41% while SPY returned +23.66%. Year to date, JMOM is up 22.99% versus a gain of 13.79% for SPY.
Over three years, JMOM compounded at +26.50% per year against +21.40% for SPY; over five years the annualized figures are +14.39% and +13.37% respectively. Across the full 9-year window we track, JMOM has the edge at +15.69% annualized vs +8.85%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
JMOM has been the more volatile fund, with annualized monthly volatility of 17.6% 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 -34.3% for JMOM 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 0.95. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
JMOM charges 0.12% per year while SPY charges 0.09%. On a $10,000 position that is $12 vs $9 annually, a gap of $3 per year that compounds over a long holding period. On income, JMOM currently yields 0.86% against 1.01% for SPY.
Holdings Overlap
JMOM and SPY share 149 holdings out of 628 unique holdings combined, representing a 42.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in JMOM | Weight in SPY | Difference |
|---|---|---|---|
| NVDA | 1.99% | 7.31% | 5.32% |
| AAPL | 1.90% | 7.09% | 5.19% |
| MSFT | 1.54% | 4.43% | 2.89% |
| GOOGL | Pro | Pro | Pro |
| AVGO | Pro | Pro | Pro |
| MU | Pro | Pro | Pro |
| AMZN | Pro | Pro | Pro |
| AMD | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| BRK.B | Pro | Pro | Pro |
See all 10 holdings JMOM shares with SPY Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, JMOM or SPY?
JMOM has an expense ratio of 0.12% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $3 per year of difference.
Which performed better, JMOM or SPY?
Over the past year JMOM returned +31.41% vs +23.66% for SPY, so JMOM leads on 1-year performance. Over the longest common window we track (9 years), JMOM annualized +15.69% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, JMOM or SPY?
JMOM has been the more volatile fund at 17.6% annualized versus 15.3% for SPY. Worst drawdown: JMOM -34.3% vs SPY -56.5%.
Should I hold both JMOM and SPY?
JMOM and SPY have a monthly-return correlation of 0.95, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between JMOM and SPY?
JMOM and SPY share 149 common holdings with a 42.1% weight overlap. Combined, they hold 628 unique securities.
Which pays a higher dividend, JMOM or SPY?
JMOM yields 0.86% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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