JPEF vs POWA
JPMorgan Equity Focus ETF vs Invesco Bloomberg Pricing Power ETF
Which is better, JPEF or POWA?
JPEF has been ahead.
POWA has a lower expense ratio. JPEF led over 1Y, 3Y and the full window. POWA is less concentrated, with 22.9% 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 | POWA |
|---|---|---|
| Expense Ratio | 0.44% | 0.40%Best |
| AUM | $2.1B | $162M |
| Dividend Yield | 0.64% | 0.98% |
| Holdings | 84 | 106 |
| YTD Return | +9.64%Best | -0.75% |
| 1Y Return | +11.56%Best | -0.04% |
| 3Y Return (annualized) | +19.60%Best | +10.97% |
| 5Y Return (annualized) | - | +6.65% |
| Volatility (annualized) | 12.3% | 11.7%Best |
| Max Drawdown | -18.1% | -15.7%Best |
| $10,000 over 3.2 years | $16,604Best | $13,056 |
| Top 10 Weight | 45.8% | 22.9%Best |
| Fund Family | J.P. Morgan Asset Management | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Mar 10, 2023 | Dec 15, 2006 |
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).
JPEF vs POWA 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.
JPEF vs POWA Performance
JPMorgan Equity Focus ETF (JPEF) is an ETF from J.P. Morgan Asset Management and Invesco Bloomberg Pricing Power ETF (POWA) is an ETF from Invesco (US). Over the past year JPEF returned +11.56% while POWA returned -0.04%. Year to date, JPEF is up 9.64% versus a loss of 0.75% for POWA.
Over three years, JPEF compounded at +19.60% per year against +10.97% for POWA.
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 11.7% for POWA. 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 -15.7% for POWA. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.79. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
JPEF charges 0.44% per year while POWA charges 0.40%. On a $10,000 position that is $44 vs $40 annually, a gap of $4 per year that compounds over a long holding period. On income, JPEF currently yields 0.64% against 0.98% for POWA.
Holdings Overlap
8.5% of JPEF's money is in holdings POWA also owns. 8.1% of POWA's money is in holdings JPEF also owns.
JPEF and POWA share little of their money.
4 positions in common, counted across the 41 positions we hold weights for in JPEF and 51 in POWA, against full books of 84 and 106.
What only one of them owns
Our book lists 47 positions for POWA that do not appear in our book for JPEF (91.9% of the fund), and 36 for JPEF that do not appear in POWA (89.8%).
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.
You are not choosing between two funds in isolation.
Whichever of JPEF and POWA 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 POWA?
JPEF has an expense ratio of 0.44% while POWA charges 0.40%. POWA is the cheaper option, by $4 a year on a $10,000 investment.
Which performed better, JPEF or POWA?
Over the past year JPEF returned +11.56% vs -0.04% for POWA, so JPEF leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, JPEF or POWA?
JPEF has been the more volatile fund at 12.3% annualized versus 11.7% for POWA. Worst drawdown: JPEF -18.1% vs POWA -15.7%.
Should I hold both JPEF and POWA?
JPEF and POWA have a monthly-return correlation of 0.79, 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 POWA?
8.5% of JPEF's money is in holdings POWA also owns. 8.1% of POWA's is in holdings JPEF also owns. They hold 4 positions in common, counted across the 41 positions we hold weights for in JPEF and 51 in POWA.
Which pays a higher dividend, JPEF or POWA?
JPEF yields 0.64% while POWA yields 0.98%, so POWA currently pays the higher dividend yield.
Is POWA better than JPEF?
POWA has a lower expense ratio. JPEF led over 1Y, 3Y and the full window. POWA is less concentrated, with 22.9% 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.