JPEF vs KAT
JPMorgan Equity Focus ETF vs Scharf ETF
Which is better, JPEF or KAT?
JPEF has been ahead.
JPEF has a lower expense ratio. JPEF led over 1Y and the full window. JPEF is less concentrated, with 45.8% of the fund in its ten largest positions against 50.9%.
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 | JPEF | KAT |
|---|---|---|
| Expense Ratio | 0.44%Best | 0.75% |
| AUM | $2.1B | $657M |
| Dividend Yield | 0.64% | 0.53% |
| Holdings | 84 | 68 |
| YTD Return | +9.64%Best | +6.42% |
| 1Y Return | +11.56%Best | +4.30% |
| 3Y Return (annualized) | +19.60% | - |
| Volatility (annualized) | 10.4%Best | 12.7% |
| Max Drawdown | -8.3%Best | -9.3% |
| $10,000 over 1.1 years | $11,341Best | $10,725 |
| Top 10 Weight | 45.8%Best | 50.9% |
| Fund Family | J.P. Morgan Asset Management | Scharf Funds |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Mar 10, 2023 | Dec 30, 2011 |
Not shown on this pair: 5Y Return (annualized).
Volatility and max drawdown, and the $10,000 over 1.1 years row, are measured over the window both funds cover: Aug 25, 2025 to Oct 14, 2026 (1.1 years).
JPEF vs KAT 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 1.1 years both funds cover.
JPEF vs KAT Performance
JPMorgan Equity Focus ETF (JPEF) is an ETF from J.P. Morgan Asset Management and Scharf ETF (KAT) is an ETF from Scharf Funds. Over the past year JPEF returned +11.56% while KAT returned +4.30%. Year to date, JPEF is up 9.64% versus a gain of 6.42% for KAT.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
KAT has been the more volatile fund, with annualized monthly volatility of 12.7% compared with 10.4% 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 -8.3% for JPEF and -9.3% for KAT. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.47. They move together some of the time, and apart the rest.
Fees and Cost Over Time
JPEF charges 0.44% per year while KAT charges 0.75%. On a $10,000 position that is $44 vs $75 annually, a gap of $31 per year that compounds over a long holding period. On income, JPEF currently yields 0.64% against 0.53% for KAT.
Holdings Overlap
11.9% of JPEF's money is in holdings KAT also owns. 18.3% of KAT's money is in holdings JPEF also owns.
KAT and JPEF share little of their money.
3 positions in common, counted across the 41 positions we hold weights for in JPEF and 31 in KAT, against full books of 84 and 68.
What only one of them owns
Our book lists 23 positions for KAT that do not appear in our book for JPEF (68.4% of the fund), and 37 for JPEF that do not appear in KAT (86.3%).
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.
You are not choosing between two funds in isolation.
Whichever of JPEF and KAT you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, JPEF or KAT?
JPEF has an expense ratio of 0.44% while KAT charges 0.75%. JPEF is the cheaper option, by $31 a year on a $10,000 investment.
Which performed better, JPEF or KAT?
Over the past year JPEF returned +11.56% vs +4.30% for KAT, so JPEF leads on 1-year performance. Over the longest common window we track (1 years), JPEF annualized +12.12% vs +6.57% for KAT. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, JPEF or KAT?
KAT has been the more volatile fund at 12.7% annualized versus 10.4% for JPEF. Worst drawdown: JPEF -8.3% vs KAT -9.3%.
Should I hold both JPEF and KAT?
JPEF and KAT have a monthly-return correlation of 0.47, 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 JPEF and KAT?
18.3% of KAT's money is in holdings JPEF also owns. 18.3% of KAT's is in holdings JPEF also owns. They hold 3 positions in common, counted across the 41 positions we hold weights for in JPEF and 31 in KAT.
Which pays a higher dividend, JPEF or KAT?
JPEF yields 0.64% while KAT yields 0.53%, so JPEF currently pays the higher dividend yield.
Is KAT better than JPEF?
JPEF has a lower expense ratio. JPEF led over 1Y and the full window. JPEF is less concentrated, with 45.8% of the fund in its ten largest positions against 50.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.