JPEF vs LCDS
JPMorgan Equity Focus ETF vs JPMorgan Fundamental Data Science Large Core ETF
Which is better, JPEF or LCDS?
Nearly the same fund. LCDS costs less.
LCDS has a lower expense ratio. LCDS led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.97. LCDS is less concentrated, with 44.3% 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 | JPEF | LCDS |
|---|---|---|
| Expense Ratio | 0.44% | 0.30%Best |
| AUM | $2.1B | $17M |
| Dividend Yield | 0.64% | 0.86% |
| Holdings | 84 | 230 |
| YTD Return | +9.86% | +13.80%Best |
| 1Y Return | +11.62% | +18.10%Best |
| 3Y Return (annualized) | +19.66% | - |
| Volatility (annualized) | 11.2%Best | 11.9% |
| Max Drawdown | -18.1%Best | -18.4% |
| $10,000 over 2.2 years | $13,683 | $14,847Best |
| Top 10 Weight | 45.8% | 44.3%Best |
| Fund Family | J.P. Morgan Asset Management | J.P. Morgan Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Mar 10, 2023 | Aug 7, 2024 |
Not shown on this pair: 5Y Return (annualized).
Volatility and max drawdown, and the $10,000 over 2.2 years row, are measured over the window both funds cover: Aug 8, 2024 to Oct 15, 2026 (2.2 years).
JPEF vs LCDS 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 2.2 years both funds cover.
JPEF vs LCDS Performance
JPMorgan Equity Focus ETF (JPEF) is an ETF from J.P. Morgan Asset Management and JPMorgan Fundamental Data Science Large Core ETF (LCDS) is an ETF from J.P. Morgan Asset Management. Over the past year JPEF returned +11.62% while LCDS returned +18.10%. Year to date, JPEF is up 9.86% versus a gain of 13.80% for LCDS.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
LCDS has been the more volatile fund, with annualized monthly volatility of 11.9% compared with 11.2% 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 -18.1% for JPEF and -18.4% for LCDS. 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
JPEF charges 0.44% per year while LCDS charges 0.30%. On a $10,000 position that is $44 vs $30 annually, a gap of $14 per year that compounds over a long holding period. On income, JPEF currently yields 0.64% against 0.86% for LCDS.
Holdings Overlap
61.2% of JPEF's money is in holdings LCDS also owns. 47.0% of LCDS's money is in holdings JPEF also owns.
The two portfolios partly overlap.
21 positions in common, counted across the 41 positions we hold weights for in JPEF and 113 in LCDS, against full books of 84 and 230.
What only one of them owns
Our book lists 91 positions for LCDS that do not appear in our book for JPEF (52.4% of the fund), and 19 for JPEF that do not appear in LCDS (37.1%).
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 JPEF | Weight in LCDS | Difference |
|---|---|---|---|
| NVDANvidia Corp | 9.59% | 9.22% | 0.37% |
| AAPLApple, Inc | 5.69% | 7.46% | 1.77% |
| MSFTMicrosoft Corp | 5.05% | 6.60% | 1.55% |
| AMZNAmazon.Com Inc | 4.50% | 4.19% | 0.31% |
| METAMeta Platforms Inc | 2.36% | 3.02% | 0.66% |
| AVGOBroadcom Inc | 2.80% | 2.34% | 0.46% |
| MUMicron Technology, Inc. | 2.45% | 2.67% | 0.22% |
| AMDAdvanced Micro Devices Inc | 2.74% | 1.71% | 1.03% |
| XOMExxonmobil Corp. | 2.56% | 1.88% | 0.68% |
| ADIAnalog Devices, Inc. | 3.08% | 0.63% | 2.45% |
61.2% of JPEF is already inside LCDS.
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, JPEF or LCDS?
JPEF has an expense ratio of 0.44% while LCDS charges 0.30%. LCDS is the cheaper option, by $14 a year on a $10,000 investment.
Which performed better, JPEF or LCDS?
Over the past year JPEF returned +11.62% vs +18.10% for LCDS, so LCDS leads on 1-year performance. Over the longest common window we track (2 years), JPEF annualized +15.32% vs +19.68% for LCDS. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, JPEF or LCDS?
LCDS has been the more volatile fund at 11.9% annualized versus 11.2% for JPEF. Worst drawdown: JPEF -18.1% vs LCDS -18.4%.
Should I hold both JPEF and LCDS?
JPEF and LCDS 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 JPEF and LCDS?
61.2% of JPEF's money is in holdings LCDS also owns. 47.0% of LCDS's is in holdings JPEF also owns. They hold 21 positions in common, counted across the 41 positions we hold weights for in JPEF and 113 in LCDS.
Which pays a higher dividend, JPEF or LCDS?
JPEF yields 0.64% while LCDS yields 0.86%, so LCDS currently pays the higher dividend yield.
Is LCDS better than JPEF?
LCDS has a lower expense ratio. LCDS led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.97. LCDS is less concentrated, with 44.3% 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.