JPEF vs PSET
JPMorgan Equity Focus ETF vs Principal Quality ETF
Which is better, JPEF or PSET?
JPEF has been ahead.
PSET has a lower expense ratio. JPEF led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.94. PSET is less concentrated, with 34.2% 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 | JPEF | PSET |
|---|---|---|
| Expense Ratio | 0.44% | 0.15%Best |
| AUM | $2.1B | $26M |
| Dividend Yield | 0.64% | 0.69% |
| Holdings | 84 | 150 |
| YTD Return | +9.64%Best | +5.26% |
| 1Y Return | +11.56%Best | +6.00% |
| 3Y Return (annualized) | +19.60%Best | +13.51% |
| 5Y Return (annualized) | - | +8.64% |
| Volatility (annualized) | 12.3%Best | 13.4% |
| Max Drawdown | -18.1%Best | -22.0% |
| $10,000 over 3.2 years | $16,604Best | $14,082 |
| Top 10 Weight | 45.8% | 34.2%Best |
| Fund Family | J.P. Morgan Asset Management | Principal Funds |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Mar 10, 2023 | Mar 21, 2016 |
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 PSET 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 PSET Performance
JPMorgan Equity Focus ETF (JPEF) is an ETF from J.P. Morgan Asset Management and Principal Quality ETF (PSET) is an ETF from Principal Funds. Over the past year JPEF returned +11.56% while PSET returned +6.00%. Year to date, JPEF is up 9.64% versus a gain of 5.26% for PSET.
Over three years, JPEF compounded at +19.60% per year against +13.51% for PSET.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PSET has been the more volatile fund, with annualized monthly volatility of 13.4% compared with 12.3% 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 -22.0% for PSET. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.94. 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 PSET charges 0.15%. On a $10,000 position that is $44 vs $15 annually, a gap of $29 per year that compounds over a long holding period. On income, JPEF currently yields 0.64% against 0.69% for PSET.
Holdings Overlap
45.8% of JPEF's money is in holdings PSET also owns. 30.0% of PSET's money is in holdings JPEF also owns.
The two portfolios partly overlap.
11 positions in common, counted across the 41 positions we hold weights for in JPEF and 73 in PSET, against full books of 84 and 150.
What only one of them owns
Our book lists 60 positions for PSET that do not appear in our book for JPEF (67.9% of the fund), and 29 for JPEF that do not appear in PSET (52.5%).
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 PSET | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 9.59% | 7.13% | 2.46% |
| AAPLApple Inc | 5.69% | 6.11% | 0.42% |
| MSFTMicrosoft Corp_None_0 | 5.05% | 4.38% | 0.67% |
| GOOGAlphabet, Inc.- Cl C | 6.33% | 2.88% | 3.45% |
| AMZNAmazon.Com Inc | 4.50% | 2.27% | 2.23% |
| PANWPalo Alto Networks Inc. | 2.45% | 2.98% | 0.53% |
| AVGOBroadcom Inc | 2.80% | 1.19% | 1.61% |
| ECLEcolab, Inc. | 2.24% | 1.11% | 1.13% |
| METAMeta Platforms, Inc. | 2.36% | 0.97% | 1.39% |
| HCAHca Healthcare Inc. | 2.37% | 0.93% | 1.44% |
45.8% of JPEF is already inside PSET.
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, JPEF or PSET?
JPEF has an expense ratio of 0.44% while PSET charges 0.15%. PSET is the cheaper option, by $29 a year on a $10,000 investment.
Which performed better, JPEF or PSET?
Over the past year JPEF returned +11.56% vs +6.00% for PSET, 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 PSET?
PSET has been the more volatile fund at 13.4% annualized versus 12.3% for JPEF. Worst drawdown: JPEF -18.1% vs PSET -22.0%.
Should I hold both JPEF and PSET?
JPEF and PSET have a monthly-return correlation of 0.94, 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 PSET?
45.8% of JPEF's money is in holdings PSET also owns. 30.0% of PSET's is in holdings JPEF also owns. They hold 11 positions in common, counted across the 41 positions we hold weights for in JPEF and 73 in PSET.
Which pays a higher dividend, JPEF or PSET?
JPEF yields 0.64% while PSET yields 0.69%, so PSET currently pays the higher dividend yield.
Is PSET better than JPEF?
PSET has a lower expense ratio. JPEF led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.94. PSET is less concentrated, with 34.2% 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.