CVLC vs JMOM
Calvert US Large-Cap Core Responsible Index ETF vs JPMorgan US Momentum Factor ETF
Which is better, CVLC or JMOM?
JMOM has been ahead.
JMOM has a lower expense ratio. JMOM led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.93. JMOM is less concentrated, with 19.1% of the fund in its ten largest positions against 38.2%.
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 | CVLC | JMOM |
|---|---|---|
| Expense Ratio | 0.15% | 0.12%Best |
| AUM | $1.0B | $2.8B |
| Dividend Yield | 0.93% | 0.75% |
| Holdings | 1,511 | 594 |
| YTD Return | +12.83% | +20.05%Best |
| 1Y Return | +17.38% | +22.67%Best |
| 3Y Return (annualized) | +22.00% | +26.39%Best |
| 5Y Return (annualized) | - | +13.72% |
| Volatility (annualized) | 13.2%Best | 14.4% |
| Max Drawdown | -19.9% | -19.5%Best |
| $10,000 over 3.7 years | $19,146 | $21,253Best |
| Top 10 Weight | 38.2% | 19.1%Best |
| Fund Family | Calvert | J.P. Morgan Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jan 30, 2023 | Nov 8, 2017 |
Volatility and max drawdown, and the $10,000 over 3.7 years row, are measured over the window both funds cover: Feb 1, 2023 to Oct 14, 2026 (3.7 years).
CVLC vs JMOM 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 3.7 years both funds cover.
CVLC vs JMOM Performance
Calvert US Large-Cap Core Responsible Index ETF (CVLC) is an ETF from Calvert and JPMorgan US Momentum Factor ETF (JMOM) is an ETF from J.P. Morgan Asset Management. Over the past year CVLC returned +17.38% while JMOM returned +22.67%. Year to date, CVLC is up 12.83% versus a gain of 20.05% for JMOM.
Over three years, CVLC compounded at +22.00% per year against +26.39% for JMOM. Across the full 4-year window we track, JMOM has the edge at +22.60% annualized vs +19.19%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
JMOM has been the more volatile fund, with annualized monthly volatility of 14.4% compared with 13.2% for CVLC. 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 -19.9% for CVLC and -19.5% for JMOM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.93. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
CVLC charges 0.15% per year while JMOM charges 0.12%. On a $10,000 position that is $15 vs $12 annually, a gap of $3 per year that compounds over a long holding period. On income, CVLC currently yields 0.93% against 0.75% for JMOM.
Holdings Overlap
62.9% of CVLC's money is in holdings JMOM also owns. 76.7% of JMOM's money is in holdings CVLC also owns.
Most of JMOM is already inside CVLC. Owning both mostly buys the same companies twice.
194 positions in common, counted across the 759 positions we hold weights for in CVLC and 285 in JMOM, against full books of 1,511 and 594.
What only one of them owns
Our book lists 82 positions for JMOM that do not appear in our book for CVLC (20.3% of the fund), and 550 for CVLC that do not appear in JMOM (36.6%).
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 CVLC | Weight in JMOM | Difference |
|---|---|---|---|
| NVDANvidia Corp | 7.80% | 1.97% | 5.83% |
| AAPLApple, Inc | 7.03% | 2.03% | 5.00% |
| MSFTMicrosoft Corp | 5.49% | 2.02% | 3.47% |
| GOOGLAlphabet Inc | 5.35% | 1.96% | 3.39% |
| AVGOBroadcom Inc | 2.48% | 1.89% | 0.59% |
| AMDAdvanced Micro Devices Inc | 1.66% | 2.53% | 0.87% |
| AMZNAmazon.Com Inc | 3.63% | 0.56% | 3.07% |
| MUMicron Technology, Inc. | 1.88% | 2.12% | 0.24% |
| INTCIntel Corporation | 0.89% | 1.61% | 0.72% |
| LLYEli Lilly & Co. | 1.52% | 0.89% | 0.63% |
76.7% of JMOM is already inside CVLC.
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, CVLC or JMOM?
CVLC has an expense ratio of 0.15% while JMOM charges 0.12%. JMOM is the cheaper option, by $3 a year on a $10,000 investment.
Which performed better, CVLC or JMOM?
Over the past year CVLC returned +17.38% vs +22.67% for JMOM, so JMOM leads on 1-year performance. Over the longest common window we track (4 years), CVLC annualized +19.19% vs +22.60% for JMOM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CVLC or JMOM?
JMOM has been the more volatile fund at 14.4% annualized versus 13.2% for CVLC. Worst drawdown: CVLC -19.9% vs JMOM -19.5%.
Should I hold both CVLC and JMOM?
CVLC and JMOM have a monthly-return correlation of 0.93, 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 CVLC and JMOM?
76.7% of JMOM's money is in holdings CVLC also owns. 76.7% of JMOM's is in holdings CVLC also owns. They hold 194 positions in common, counted across the 759 positions we hold weights for in CVLC and 285 in JMOM.
Which pays a higher dividend, CVLC or JMOM?
CVLC yields 0.93% while JMOM yields 0.75%, so CVLC currently pays the higher dividend yield.
Is JMOM better than CVLC?
JMOM has a lower expense ratio. JMOM led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.93. JMOM is less concentrated, with 19.1% of the fund in its ten largest positions against 38.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.