JPEF vs RJMG
JPMorgan Equity Focus ETF vs FT Raymond James Multicap Growth Equity ETF
Which is better, JPEF or RJMG?
Each has led over a different period.
JPEF has a lower expense ratio. JPEF led over the full window, RJMG over 1Y. RJMG is less concentrated, with 29.2% 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 | RJMG |
|---|---|---|
| Expense Ratio | 0.44%Best | 0.85% |
| AUM | $2.1B | $11M |
| Dividend Yield | 0.64% | 0.00% |
| Holdings | 84 | 41 |
| Volatility (annualized) | 11.2%Best | 14.8% |
| Max Drawdown | -18.1%Best | -25.4% |
| $10,000 over 2 years | $14,412Best | $13,729 |
| Top 10 Weight | 45.8% | 29.2%Best |
| Fund Family | J.P. Morgan Asset Management | First Trust Portfolios (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Mar 10, 2023 | Jan 12, 2024 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 278 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. JPEF has data through Oct 14, 2026 and RJMG through Jan 9, 2026.
Volatility and max drawdown, and the $10,000 over 2 years row, are measured over the window both funds cover: Jan 18, 2024 to Jan 9, 2026 (2 years).
Risk: Volatility and Drawdowns
RJMG has been the more volatile fund, with annualized monthly volatility of 14.8% 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 -25.4% for RJMG. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.87. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
JPEF charges 0.44% per year while RJMG charges 0.85%. On a $10,000 position that is $44 vs $85 annually, a gap of $41 per year that compounds over a long holding period. On income, JPEF currently yields 0.64% against 0.00% for RJMG.
Holdings Overlap
13.8% of JPEF's money is in holdings RJMG also owns. 12.8% of RJMG's money is in holdings JPEF also owns.
JPEF and RJMG share little of their money.
The two holdings books were reported 335 days apart, JPEF as of Oct 1, 2026 and RJMG as of Oct 31, 2025, so some of the difference between them is the time between the two reports rather than the funds.
5 positions in common, counted across the 41 positions we hold weights for in JPEF and 40 in RJMG, against full books of 84 and 41.
What only one of them owns
Our book lists 34 positions for RJMG that do not appear in our book for JPEF (84.8% of the fund), and 35 for JPEF that do not appear in RJMG (84.5%).
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.
You are not choosing between two funds in isolation.
Whichever of JPEF and RJMG 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 RJMG?
JPEF has an expense ratio of 0.44% while RJMG charges 0.85%. JPEF is the cheaper option, by $41 a year on a $10,000 investment.
Which is riskier, JPEF or RJMG?
RJMG has been the more volatile fund at 14.8% annualized versus 11.2% for JPEF. Worst drawdown: JPEF -18.1% vs RJMG -25.4%.
Should I hold both JPEF and RJMG?
JPEF and RJMG have a monthly-return correlation of 0.87, 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 RJMG?
13.8% of JPEF's money is in holdings RJMG also owns. 12.8% of RJMG's is in holdings JPEF also owns. They hold 5 positions in common, counted across the 41 positions we hold weights for in JPEF and 40 in RJMG.
Which pays a higher dividend, JPEF or RJMG?
JPEF yields 0.64% while RJMG yields 0.00%, so JPEF currently pays the higher dividend yield.
Is RJMG better than JPEF?
JPEF has a lower expense ratio. JPEF led over the full window, RJMG over 1Y. RJMG is less concentrated, with 29.2% 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.