GAB vs JPEF
Gabelli Equity Trust vs JPMorgan Equity Focus ETF
Which is better, GAB or JPEF?
JPEF has been ahead.
JPEF has a lower expense ratio. JPEF led over 1Y, 3Y and the full window.
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 | GAB | JPEF |
|---|---|---|
| Expense Ratio | 1.50% | 0.44%Best |
| AUM | $2.3B | $2.1B |
| Dividend Yield | 10.96% | 0.64% |
| Holdings | 682 | 84 |
| YTD Return | -8.60% | +9.64%Best |
| 1Y Return | -4.60% | +11.56%Best |
| 3Y Return (annualized) | +12.18% | +19.60%Best |
| 5Y Return (annualized) | +4.88% | - |
| Volatility (annualized) | 13.9% | 12.3%Best |
| Max Drawdown | -16.8%Best | -18.1% |
| $10,000 over 3.2 years | $12,834 | $16,604Best |
| Fund Family | Gabelli Funds | J.P. Morgan Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Aug 21, 1986 | Mar 10, 2023 |
Not shown on this pair: Top 10 Weight.
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).
GAB 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.
GAB vs JPEF Performance
Gabelli Equity Trust (GAB) is an ETF from Gabelli Funds and JPMorgan Equity Focus ETF (JPEF) is an ETF from J.P. Morgan Asset Management. Over the past year GAB returned -4.60% while JPEF returned +11.56%. Year to date, GAB is down 8.60% versus a gain of 9.64% for JPEF.
Over three years, GAB compounded at +12.18% per year against +19.60% for JPEF.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GAB has been the more volatile fund, with annualized monthly volatility of 13.9% 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 -16.8% for GAB 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 0.67. They move together some of the time, and apart the rest.
Fees and Cost Over Time
GAB charges 1.50% per year while JPEF charges 0.44%. On a $10,000 position that is $150 vs $44 annually, a gap of $106 per year that compounds over a long holding period. On income, GAB currently yields 10.96% against 0.64% for JPEF.
Holdings Overlap
At least 75.7% of JPEF's money is in holdings GAB also owns.
Only one direction is shown: for GAB, our book for it lists positions totalling 115.3% of the fund, which is what a leveraged book looks like and is not a denominator we can divide by.
Most of JPEF is already inside GAB. Owning both mostly buys the same companies twice.
The two holdings books were reported 184 days apart, GAB as of Mar 31, 2026 and JPEF as of Oct 1, 2026, so some of the difference between them is the time between the two reports rather than the funds.
26 positions in common, counted across the 655 positions we hold weights for in GAB and 41 in JPEF, against full books of 682 and 84.
Top Shared Holdings
| Stock | Weight in GAB | Weight in JPEF | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 0.08% | 9.59% | 9.51% |
| GOOGAlphabet, Inc.- Cl C | 0.47% | 6.33% | 5.86% |
| AAPLApple Inc | 0.09% | 5.69% | 5.60% |
| BRK.ABerkshire Hathaway Inc | 3.40% | 2.37% | 1.03% |
| MSFTMicrosoft Corp_None_0 | 0.15% | 5.05% | 4.90% |
| AMZNAmazon.Com Inc | 0.13% | 4.50% | 4.37% |
| JNJJohnson & Johnson - Common | 0.27% | 3.24% | 2.97% |
| XOMExxon Mobil Corp | 0.38% | 2.56% | 2.18% |
| MSMorgan Stanley | 0.15% | 2.78% | 2.63% |
| AVGOBroadcom Inc | 0.10% | 2.80% | 2.70% |
75.7% of JPEF is already inside GAB.
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, GAB or JPEF?
GAB has an expense ratio of 1.50% while JPEF charges 0.44%. JPEF is the cheaper option, by $106 a year on a $10,000 investment.
Which performed better, GAB or JPEF?
Over the past year GAB returned -4.60% vs +11.56% for JPEF, so JPEF leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GAB or JPEF?
GAB has been the more volatile fund at 13.9% annualized versus 12.3% for JPEF. Worst drawdown: GAB -16.8% vs JPEF -18.1%.
Should I hold both GAB and JPEF?
GAB and JPEF have a monthly-return correlation of 0.67, 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 GAB and JPEF?
At least 75.7% of JPEF's money is in holdings GAB also owns. Our book for GAB is partial, so the real figure is this or higher. They hold 26 positions in common, counted across the 655 positions we hold weights for in GAB and 41 in JPEF.
Which pays a higher dividend, GAB or JPEF?
GAB yields 10.96% while JPEF yields 0.64%, so GAB currently pays the higher dividend yield.
Is JPEF better than GAB?
JPEF has a lower expense ratio. JPEF led over 1Y, 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.