ACLC vs JPEF
American Century Large Cap Equity ETF vs JPMorgan Equity Focus ETF
Which is better, ACLC or JPEF?
Nearly the same fund. ACLC costs less.
ACLC has a lower expense ratio. ACLC led over 1Y, JPEF over 3Y and the full window. The two have moved almost in lockstep, correlation 0.98. ACLC is less concentrated, with 38.7% of the fund in its ten largest positions against 45.8%.
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 | ACLC | JPEF |
|---|---|---|
| Expense Ratio | 0.39%Best | 0.44% |
| AUM | $336M | $2.1B |
| Dividend Yield | 0.56% | 0.64% |
| Holdings | 101 | 84 |
| YTD Return | +10.23%Best | +9.64% |
| 1Y Return | +13.17%Best | +11.56% |
| 3Y Return (annualized) | +17.50% | +19.60%Best |
| 5Y Return (annualized) | +9.85% | - |
| Volatility (annualized) | 13.1% | 12.3%Best |
| Max Drawdown | -20.5% | -18.1%Best |
| $10,000 over 3.2 years | $15,484 | $16,604Best |
| Top 10 Weight | 38.7%Best | 45.8% |
| Fund Family | American Century Investments | J.P. Morgan Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jul 15, 2020 | Mar 10, 2023 |
Volatility and max drawdown, and the $10,000 over 3.2 years row, are measured over the window both funds cover: Jul 31, 2023 to Oct 14, 2026 (3.2 years).
ACLC vs JPEF 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 3.2 years both funds cover.
ACLC vs JPEF Performance
American Century Large Cap Equity ETF (ACLC) is an ETF from American Century Investments and JPMorgan Equity Focus ETF (JPEF) is an ETF from J.P. Morgan Asset Management. Over the past year ACLC returned +13.17% while JPEF returned +11.56%. Year to date, ACLC is up 10.23% versus a gain of 9.64% for JPEF.
Over three years, ACLC compounded at +17.50% per year against +19.60% for JPEF.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ACLC has been the more volatile fund, with annualized monthly volatility of 13.1% compared with 12.3% for JPEF. 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 -20.5% for ACLC and -18.1% for JPEF. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.98. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
ACLC charges 0.39% per year while JPEF charges 0.44%. On a $10,000 position that is $39 vs $44 annually, a gap of $5 per year that compounds over a long holding period. On income, ACLC currently yields 0.56% against 0.64% for JPEF.
Holdings Overlap
37.7% of ACLC's money is in holdings JPEF also owns. 52.8% of JPEF's money is in holdings ACLC also owns.
The two portfolios partly overlap.
17 positions in common, counted across the 100 positions we hold weights for in ACLC and 41 in JPEF, against full books of 101 and 84.
What only one of them owns
Our book lists 23 positions for JPEF that do not appear in our book for ACLC (45.5% of the fund), and 81 for ACLC that do not appear in JPEF (60.8%).
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 ACLC | Weight in JPEF | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 8.10% | 9.59% | 1.49% |
| MSFTMicrosoft Corp_None_0 | 5.54% | 5.05% | 0.49% |
| AAPLApple Inc | 4.75% | 5.69% | 0.94% |
| AMZNAmazon.Com Inc | 3.41% | 4.50% | 1.09% |
| AVGOBroadcom Inc | 3.27% | 2.80% | 0.47% |
| ADIAnalog Devices, Inc. | 1.52% | 3.08% | 1.56% |
| MUMicron Technology, Inc. | 2.06% | 2.45% | 0.39% |
| METAMeta Platforms, Inc. | 1.52% | 2.36% | 0.84% |
| NEENextera Energy Inc. | 1.59% | 2.19% | 0.60% |
| AMDAdvanced Micro Devices Inc. | 0.74% | 2.74% | 2.00% |
52.8% of JPEF is already inside ACLC.
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, ACLC or JPEF?
ACLC has an expense ratio of 0.39% while JPEF charges 0.44%. ACLC is the cheaper option, by $5 a year on a $10,000 investment.
Which performed better, ACLC or JPEF?
Over the past year ACLC returned +13.17% vs +11.56% for JPEF, so ACLC leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ACLC or JPEF?
ACLC has been the more volatile fund at 13.1% annualized versus 12.3% for JPEF. Worst drawdown: ACLC -20.5% vs JPEF -18.1%.
Should I hold both ACLC and JPEF?
ACLC and JPEF have a monthly-return correlation of 0.98, 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 ACLC and JPEF?
52.8% of JPEF's money is in holdings ACLC also owns. 52.8% of JPEF's is in holdings ACLC also owns. They hold 17 positions in common, counted across the 100 positions we hold weights for in ACLC and 41 in JPEF.
Which pays a higher dividend, ACLC or JPEF?
ACLC yields 0.56% while JPEF yields 0.64%, so JPEF currently pays the higher dividend yield.
Is JPEF better than ACLC?
ACLC has a lower expense ratio. ACLC led over 1Y, JPEF over 3Y and the full window. The two have moved almost in lockstep, correlation 0.98. ACLC is less concentrated, with 38.7% of the fund in its ten largest positions against 45.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.