JPIE vs SPY
JPIE vs SPY
JPMorgan Income ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. JPIE offers more diversification with 1591 holdings.
Side-by-Side Comparison
| Metric | JPIE | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.39% | 0.09% | |
| AUM | $10.2B | $789.1B | |
| Dividend Yield | 5.73% | 1.01% | |
| Holdings | 2,467 | 505 | |
| YTD Return | +1.82% | +9.93% | |
| 1Y Return | +4.92% | +19.50% | |
| 3Y Return (annualized) | +6.70% | +19.33% | |
| 5Y Return (annualized) | - | +12.82% | |
| Volatility (annualized) | 4.3% | 15.3% | |
| Max Drawdown | -10.0% | -56.5% | |
| Fund Family | J.P. Morgan Asset Management | State Street Investment Management | |
| Category | Fixed Income | Equity | |
| Inception | Oct 28, 2021 | Jan 22, 1993 |
JPIE vs SPY Performance
JPMorgan Income ETF (JPIE) 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 JPIE returned +4.92% while SPY returned +19.50%. Year to date, JPIE is up 1.82% versus a gain of 9.93% for SPY.
Over three years, JPIE compounded at +6.70% per year against +19.33% for SPY. Across the full 5-year window we track, SPY has the edge at +8.74% annualized vs +3.39%. 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 4.3% for JPIE. 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 -10.0% for JPIE 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 0.69. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
JPIE 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, JPIE currently yields 5.73% against 1.01% for SPY.
Holdings Overlap
JPIE and SPY share 0 holdings out of 2094 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, JPIE or SPY?
JPIE 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, JPIE or SPY?
Over the past year JPIE returned +4.92% vs +19.50% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (5 years), JPIE annualized +3.39% vs +8.74% for SPY. Past performance does not guarantee future results.
Which is riskier, JPIE or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 4.3% for JPIE. Worst drawdown: JPIE -10.0% vs SPY -56.5%.
Should I hold both JPIE and SPY?
JPIE and SPY have a monthly-return correlation of 0.69, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between JPIE and SPY?
JPIE and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 2094 unique securities.
Which pays a higher dividend, JPIE or SPY?
JPIE yields 5.73% while SPY yields 1.01%, so JPIE currently pays the higher dividend yield.
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