GSPY vs JPEF
The Gotham Enhanced 500 ETF vs JPMorgan Equity Focus ETF
Which is better, GSPY or JPEF?
Nearly the same fund. JPEF costs less.
JPEF has a lower expense ratio. GSPY led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.97. GSPY is less concentrated, with 39.2% 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 | GSPY | JPEF |
|---|---|---|
| Expense Ratio | 0.50% | 0.44%Best |
| AUM | $723M | $2.1B |
| Dividend Yield | 2.28% | 0.64% |
| Holdings | 1,004 | 84 |
| YTD Return | +15.70%Best | +9.64% |
| 1Y Return | +20.41%Best | +11.56% |
| 3Y Return (annualized) | +22.71%Best | +19.60% |
| 5Y Return (annualized) | +13.69% | - |
| Volatility (annualized) | 12.2%Best | 12.3% |
| Max Drawdown | -18.7% | -18.1%Best |
| $10,000 over 3.2 years | $17,731Best | $16,604 |
| Top 10 Weight | 39.2%Best | 45.8% |
| Fund Family | Gotham Funds | J.P. Morgan Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Dec 30, 2016 | 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).
GSPY 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.
GSPY vs JPEF Performance
The Gotham Enhanced 500 ETF (GSPY) is an ETF from Gotham Funds and JPMorgan Equity Focus ETF (JPEF) is an ETF from J.P. Morgan Asset Management. Over the past year GSPY returned +20.41% while JPEF returned +11.56%. Year to date, GSPY is up 15.70% versus a gain of 9.64% for JPEF.
Over three years, GSPY compounded at +22.71% per year against +19.60% 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 12.3% compared with 12.2% for GSPY. 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 -18.7% for GSPY 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 0.97. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
GSPY charges 0.50% per year while JPEF charges 0.44%. On a $10,000 position that is $50 vs $44 annually, a gap of $6 per year that compounds over a long holding period. On income, GSPY currently yields 2.28% against 0.64% for JPEF.
Holdings Overlap
38.1% of GSPY's money is in holdings JPEF also owns. 85.8% of JPEF's money is in holdings GSPY also owns.
Most of JPEF is already inside GSPY. Owning both mostly buys the same companies twice.
34 positions in common, counted across the 501 positions we hold weights for in GSPY and 41 in JPEF, against full books of 1,004 and 84.
What only one of them owns
Our book lists 6 positions for JPEF that do not appear in our book for GSPY (12.5% of the fund), and 445 for GSPY that do not appear in JPEF (61.8%).
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 GSPY | Weight in JPEF | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 6.68% | 9.59% | 2.91% |
| AAPLApple Inc | 6.97% | 5.69% | 1.28% |
| MSFTMicrosoft Corp_None_0 | 6.29% | 5.05% | 1.24% |
| AMZNAmazon.Com Inc | 4.57% | 4.50% | 0.07% |
| METAMeta Platforms, Inc. | 2.85% | 2.36% | 0.49% |
| MUMicron Technology, Inc. | 2.56% | 2.45% | 0.11% |
| AVGOBroadcom Inc | 1.60% | 2.80% | 1.20% |
| AMDAdvanced Micro Devices Inc. | 1.27% | 2.74% | 1.47% |
| XOMExxon Mobil Corp | 1.08% | 2.56% | 1.48% |
| JNJJohnson & Johnson - Common | 0.37% | 3.24% | 2.87% |
85.8% of JPEF is already inside GSPY.
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, GSPY or JPEF?
GSPY has an expense ratio of 0.50% while JPEF charges 0.44%. JPEF is the cheaper option, by $6 a year on a $10,000 investment.
Which performed better, GSPY or JPEF?
Over the past year GSPY returned +20.41% vs +11.56% for JPEF, so GSPY leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GSPY or JPEF?
JPEF has been the more volatile fund at 12.3% annualized versus 12.2% for GSPY. Worst drawdown: GSPY -18.7% vs JPEF -18.1%.
Should I hold both GSPY and JPEF?
GSPY and JPEF have a monthly-return correlation of 0.97, 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 GSPY and JPEF?
85.8% of JPEF's money is in holdings GSPY also owns. 85.8% of JPEF's is in holdings GSPY also owns. They hold 34 positions in common, counted across the 501 positions we hold weights for in GSPY and 41 in JPEF.
Which pays a higher dividend, GSPY or JPEF?
GSPY yields 2.28% while JPEF yields 0.64%, so GSPY currently pays the higher dividend yield.
Is JPEF better than GSPY?
JPEF has a lower expense ratio. GSPY led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.97. GSPY is less concentrated, with 39.2% 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.