JPEF vs SPIN
JPMorgan Equity Focus ETF vs State Street US Equity Premium Income ETF
Which is better, JPEF or SPIN?
JPEF has been ahead.
SPIN has a lower expense ratio. JPEF led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.91. JPEF is less concentrated, with 45.8% of the fund in its ten largest positions against 47.1%.
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 | SPIN |
|---|---|---|
| Expense Ratio | 0.44% | 0.25%Best |
| AUM | $2.1B | $47M |
| Dividend Yield | 0.64% | 4.88% |
| Holdings | 84 | 101 |
| YTD Return | +9.64%Best | +3.68% |
| 1Y Return | +11.56%Best | +7.62% |
| 3Y Return (annualized) | +19.60% | - |
| Volatility (annualized) | 11.4% | 9.0%Best |
| Max Drawdown | -18.1% | -16.9%Best |
| $10,000 over 2.1 years | $13,187Best | $12,500 |
| Top 10 Weight | 45.8%Best | 47.1% |
| Fund Family | J.P. Morgan Asset Management | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Mar 10, 2023 | Sep 4, 2024 |
Not shown on this pair: 5Y Return (annualized).
Volatility and max drawdown, and the $10,000 over 2.1 years row, are measured over the window both funds cover: Sep 5, 2024 to Oct 14, 2026 (2.1 years).
JPEF vs SPIN 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 2.1 years both funds cover.
JPEF vs SPIN Performance
JPMorgan Equity Focus ETF (JPEF) is an ETF from J.P. Morgan Asset Management and State Street US Equity Premium Income ETF (SPIN) is an ETF from State Street Investment Management. Over the past year JPEF returned +11.56% while SPIN returned +7.62%. Year to date, JPEF is up 9.64% versus a gain of 3.68% for SPIN.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
JPEF has been the more volatile fund, with annualized monthly volatility of 11.4% compared with 9.0% for SPIN. 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 -16.9% for SPIN. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.91. 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 SPIN charges 0.25%. On a $10,000 position that is $44 vs $25 annually, a gap of $19 per year that compounds over a long holding period. On income, JPEF currently yields 0.64% against 4.88% for SPIN.
Holdings Overlap
63.8% of JPEF's money is in holdings SPIN also owns. 48.0% of SPIN'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 96 in SPIN, against full books of 84 and 101.
What only one of them owns
Our book lists 74 positions for SPIN that do not appear in our book for JPEF (51.1% of the fund), and 19 for JPEF that do not appear in SPIN (34.4%).
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 SPIN | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 9.59% | 9.71% | 0.12% |
| MSFTMicrosoft Corp_None_0 | 5.05% | 7.24% | 2.19% |
| AAPLApple Inc | 5.69% | 5.97% | 0.28% |
| AMZNAmazon.Com Inc | 4.50% | 4.93% | 0.43% |
| GOOGAlphabet, Inc.- Cl C | 6.33% | 0.81% | 5.52% |
| AVGOBroadcom Inc | 2.80% | 3.28% | 0.48% |
| METAMeta Platforms, Inc. | 2.36% | 3.07% | 0.71% |
| MUMicron Technology, Inc. | 2.45% | 2.80% | 0.35% |
| AMDAdvanced Micro Devices Inc. | 2.74% | 2.41% | 0.33% |
| XOMExxon Mobil Corp | 2.56% | 2.21% | 0.35% |
63.8% of JPEF is already inside SPIN.
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 SPIN?
JPEF has an expense ratio of 0.44% while SPIN charges 0.25%. SPIN is the cheaper option, by $19 a year on a $10,000 investment.
Which performed better, JPEF or SPIN?
Over the past year JPEF returned +11.56% vs +7.62% for SPIN, so JPEF leads on 1-year performance. Over the longest common window we track (2 years), JPEF annualized +14.08% vs +11.21% for SPIN. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, JPEF or SPIN?
JPEF has been the more volatile fund at 11.4% annualized versus 9.0% for SPIN. Worst drawdown: JPEF -18.1% vs SPIN -16.9%.
Should I hold both JPEF and SPIN?
JPEF and SPIN have a monthly-return correlation of 0.91, 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 SPIN?
63.8% of JPEF's money is in holdings SPIN also owns. 48.0% of SPIN'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 96 in SPIN.
Which pays a higher dividend, JPEF or SPIN?
JPEF yields 0.64% while SPIN yields 4.88%, so SPIN currently pays the higher dividend yield.
Is SPIN better than JPEF?
SPIN has a lower expense ratio. JPEF led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.91. JPEF is less concentrated, with 45.8% of the fund in its ten largest positions against 47.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.