CGCV vs JPEF
Capital Group Conservative Equity ETF vs JPMorgan Equity Focus ETF
Which is better, CGCV or JPEF?
Each has led over a different period.
CGCV has a lower expense ratio. CGCV led over the full window, JPEF over 1Y. CGCV is less concentrated, with 33.0% 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 | CGCV | JPEF |
|---|---|---|
| Expense Ratio | 0.33%Best | 0.44% |
| AUM | $2.1B | $2.1B |
| Dividend Yield | 1.59% | 0.64% |
| Holdings | 146 | 84 |
| YTD Return | +8.70% | +9.64%Best |
| 1Y Return | +11.37% | +11.56%Best |
| 3Y Return (annualized) | - | +19.60% |
| Volatility (annualized) | 9.9%Best | 10.9% |
| Max Drawdown | -13.1%Best | -18.1% |
| $10,000 over 2.3 years | $13,706Best | $13,254 |
| Top 10 Weight | 33.0%Best | 45.8% |
| Fund Family | Capital Group (US) | J.P. Morgan Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jun 25, 2024 | Mar 10, 2023 |
Not shown on this pair: 5Y Return (annualized).
Volatility and max drawdown, and the $10,000 over 2.3 years row, are measured over the window both funds cover: Jun 27, 2024 to Oct 14, 2026 (2.3 years).
CGCV 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 2.3 years both funds cover.
CGCV vs JPEF Performance
Capital Group Conservative Equity ETF (CGCV) is an ETF from Capital Group (US) and JPMorgan Equity Focus ETF (JPEF) is an ETF from J.P. Morgan Asset Management. Over the past year CGCV returned +11.37% while JPEF returned +11.56%. Year to date, CGCV is up 8.70% versus a gain of 9.64% for JPEF.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
JPEF has been the more volatile fund, with annualized monthly volatility of 10.9% compared with 9.9% for CGCV. 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 -13.1% for CGCV 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 0.78. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
CGCV charges 0.33% per year while JPEF charges 0.44%. On a $10,000 position that is $33 vs $44 annually, a gap of $11 per year that compounds over a long holding period. On income, CGCV currently yields 1.59% against 0.64% for JPEF.
Holdings Overlap
27.8% of CGCV's money is in holdings JPEF also owns. 44.7% of JPEF's money is in holdings CGCV also owns.
The two portfolios partly overlap.
14 positions in common, counted across the 73 positions we hold weights for in CGCV and 41 in JPEF, against full books of 146 and 84.
What only one of them owns
Our book lists 26 positions for JPEF that do not appear in our book for CGCV (53.5% of the fund), and 55 for CGCV that do not appear in JPEF (67.0%).
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 CGCV | Weight in JPEF | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 2.16% | 9.59% | 7.43% |
| MSFTMicrosoft Corp_None_0 | 6.20% | 5.05% | 1.15% |
| AAPLApple Inc | 3.07% | 5.69% | 2.62% |
| AVGOBroadcom Inc | 4.04% | 2.80% | 1.24% |
| METAMeta Platforms, Inc. | 2.72% | 2.36% | 0.36% |
| XOMExxon Mobil Corp | 1.92% | 2.56% | 0.64% |
| JNJJohnson & Johnson - Common | 1.18% | 3.24% | 2.06% |
| GILDGild Gilead Sciences Inc. | 0.81% | 2.55% | 1.74% |
| MSMorgan Stanley | 0.55% | 2.78% | 2.23% |
| RTXRaytheon Co. | 1.73% | 1.57% | 0.16% |
44.7% of JPEF is already inside CGCV.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, CGCV or JPEF?
CGCV has an expense ratio of 0.33% while JPEF charges 0.44%. CGCV is the cheaper option, by $11 a year on a $10,000 investment.
Which performed better, CGCV or JPEF?
Over the past year CGCV returned +11.37% vs +11.56% for JPEF, so JPEF leads on 1-year performance. Over the longest common window we track (2 years), CGCV annualized +14.69% vs +13.03% for JPEF. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CGCV or JPEF?
JPEF has been the more volatile fund at 10.9% annualized versus 9.9% for CGCV. Worst drawdown: CGCV -13.1% vs JPEF -18.1%.
Should I hold both CGCV and JPEF?
CGCV and JPEF have a monthly-return correlation of 0.78, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between CGCV and JPEF?
44.7% of JPEF's money is in holdings CGCV also owns. 44.7% of JPEF's is in holdings CGCV also owns. They hold 14 positions in common, counted across the 73 positions we hold weights for in CGCV and 41 in JPEF.
Which pays a higher dividend, CGCV or JPEF?
CGCV yields 1.59% while JPEF yields 0.64%, so CGCV currently pays the higher dividend yield.
Is JPEF better than CGCV?
CGCV has a lower expense ratio. CGCV led over the full window, JPEF over 1Y. CGCV is less concentrated, with 33.0% 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.