IWB vs JMOM
iShares Russell 1000 ETF vs JPMorgan US Momentum Factor ETF
Which is better, IWB or JMOM?
Nearly the same fund. JMOM costs less.
JMOM has a lower expense ratio. JMOM led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.96. JMOM is less concentrated, with 19.1% of the fund in its ten largest positions against 36.0%.
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 | IWB | JMOM |
|---|---|---|
| Expense Ratio | 0.15% | 0.12%Best |
| AUM | $49.5B | $2.8B |
| Dividend Yield | 0.92% | 0.75% |
| Holdings | 1,023 | 594 |
| YTD Return | +12.91% | +20.05%Best |
| 1Y Return | +16.56% | +22.67%Best |
| 3Y Return (annualized) | +21.96% | +26.39%Best |
| 5Y Return (annualized) | +12.34% | +13.72%Best |
| Volatility (annualized) | 16.4%Best | 17.4% |
| Max Drawdown | -34.6% | -34.3%Best |
| $10,000 over 5 years | $17,893 | $19,019Best |
| Top 10 Weight | 36.0% | 19.1%Best |
| Fund Family | iShares by BlackRock (US) | J.P. Morgan Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | May 15, 2000 | Nov 8, 2017 |
Volatility and max drawdown are measured over the window both funds cover: Nov 9, 2017 to Oct 14, 2026 (8.9 years).
IWB 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 8.9 years both funds cover.
IWB vs JMOM Performance
iShares Russell 1000 ETF (IWB) is an ETF from iShares by BlackRock (US) and JPMorgan US Momentum Factor ETF (JMOM) is an ETF from J.P. Morgan Asset Management. Over the past year IWB returned +16.56% while JMOM returned +22.67%. Year to date, IWB is up 12.91% versus a gain of 20.05% for JMOM.
Over three years, IWB compounded at +21.96% per year against +26.39% for JMOM; over five years the annualized figures are +12.34% and +13.72% respectively. Across the full 9-year window we track, JMOM has the edge at +15.02% annualized vs +13.66%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
JMOM has been the more volatile fund, with annualized monthly volatility of 17.4% compared with 16.4% for IWB. 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 -34.6% for IWB and -34.3% 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 0.96. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
IWB 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, IWB currently yields 0.92% against 0.75% for JMOM.
Holdings Overlap
58.1% of IWB's money is in holdings JMOM also owns. 94.3% of JMOM's money is in holdings IWB also owns.
Most of JMOM is already inside IWB. Owning both mostly buys the same companies twice.
269 positions in common, counted across the 1,024 positions we hold weights for in IWB and 285 in JMOM, against full books of 1,023 and 594.
What only one of them owns
Our book lists 6 positions for JMOM that do not appear in our book for IWB (2.8% of the fund), and 652 for IWB that do not appear in JMOM (41.0%).
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 IWB | Weight in JMOM | Difference |
|---|---|---|---|
| NVDANvidia Corp | 7.63% | 1.97% | 5.66% |
| AAPLApple, Inc | 6.77% | 2.03% | 4.74% |
| MSFTMicrosoft Corp | 5.40% | 2.02% | 3.38% |
| GOOGLAlphabet Inc | 2.79% | 1.96% | 0.83% |
| AVGOBroadcom Inc | 2.26% | 1.89% | 0.37% |
| AMZNAmazon.Com Inc | 3.41% | 0.56% | 2.85% |
| AMDAdvanced Micro Devices Inc | 1.42% | 2.53% | 1.11% |
| MUMicron Technology, Inc. | 1.75% | 2.12% | 0.37% |
| JNJJohnson & Johnson - Common | 0.88% | 1.74% | 0.86% |
| INTCIntel Corporation | 0.78% | 1.61% | 0.83% |
94.3% of JMOM is already inside IWB.
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, IWB or JMOM?
IWB 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, IWB or JMOM?
Over the past year IWB returned +16.56% vs +22.67% for JMOM, so JMOM leads on 1-year performance. Over the longest common window we track (9 years), IWB annualized +13.66% vs +15.02% for JMOM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IWB or JMOM?
JMOM has been the more volatile fund at 17.4% annualized versus 16.4% for IWB. Worst drawdown: IWB -34.6% vs JMOM -34.3%.
Should I hold both IWB and JMOM?
IWB and JMOM have a monthly-return correlation of 0.96, 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 IWB and JMOM?
94.3% of JMOM's money is in holdings IWB also owns. 94.3% of JMOM's is in holdings IWB also owns. They hold 269 positions in common, counted across the 1,024 positions we hold weights for in IWB and 285 in JMOM.
Which pays a higher dividend, IWB or JMOM?
IWB yields 0.92% while JMOM yields 0.75%, so IWB currently pays the higher dividend yield.
Is JMOM better than IWB?
JMOM has a lower expense ratio. JMOM led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.96. JMOM is less concentrated, with 19.1% of the fund in its ten largest positions against 36.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.