JSCP vs SPY
JSCP vs SPY
JPMorgan Short Duration Core Plus ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. JSCP offers more diversification with 657 holdings.
Side-by-Side Comparison
| Metric | JSCP | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.33% | 0.09% | |
| AUM | $1.7B | $789.1B | |
| Dividend Yield | 4.75% | 1.01% | |
| Holdings | 1,209 | 505 | |
| YTD Return | +0.81% | +9.93% | |
| 1Y Return | +3.71% | +19.50% | |
| 3Y Return (annualized) | +5.53% | +19.33% | |
| 5Y Return (annualized) | +2.42% | +12.82% | |
| Volatility (annualized) | 3.0% | 15.3% | |
| Max Drawdown | -8.9% | -56.5% | |
| Fund Family | J.P. Morgan Asset Management | State Street Investment Management | |
| Category | Fixed Income | Equity | |
| Inception | Mar 1, 2021 | Jan 22, 1993 |
JSCP vs SPY Performance
JPMorgan Short Duration Core Plus ETF (JSCP) 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 JSCP returned +3.71% while SPY returned +19.50%. Year to date, JSCP is up 0.81% versus a gain of 9.93% for SPY.
Over three years, JSCP compounded at +5.53% per year against +19.33% for SPY; over five years the annualized figures are +2.42% and +12.82% respectively. Across the full 5-year window we track, SPY has the edge at +8.74% annualized vs +2.36%. 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 3.0% for JSCP. 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 -8.9% for JSCP 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 0.60. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
JSCP charges 0.33% per year while SPY charges 0.09%. On a $10,000 position that is $33 vs $9 annually, a gap of $24 per year that compounds over a long holding period. On income, JSCP currently yields 4.75% against 1.01% for SPY.
Holdings Overlap
JSCP and SPY share 0 holdings out of 1160 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, JSCP or SPY?
JSCP has an expense ratio of 0.33% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $24 per year of difference.
Which performed better, JSCP or SPY?
Over the past year JSCP returned +3.71% vs +19.50% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (5 years), JSCP annualized +2.36% vs +8.74% for SPY. Past performance does not guarantee future results.
Which is riskier, JSCP or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 3.0% for JSCP. Worst drawdown: JSCP -8.9% vs SPY -56.5%.
Should I hold both JSCP and SPY?
JSCP and SPY have a monthly-return correlation of 0.60, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between JSCP and SPY?
JSCP and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 1160 unique securities.
Which pays a higher dividend, JSCP or SPY?
JSCP yields 4.75% while SPY yields 1.01%, so JSCP currently pays the higher dividend yield.
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