JPEF vs USMC
JPMorgan Equity Focus ETF vs Principal U.S. Mega-Cap ETF
Which is better, JPEF or USMC?
Nearly the same fund. USMC costs less.
USMC has a lower expense ratio. USMC led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.95. JPEF is less concentrated, with 45.8% of the fund in its ten largest positions against 55.3%.
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 | USMC |
|---|---|---|
| Expense Ratio | 0.44% | 0.12%Best |
| AUM | $2.1B | $5.2B |
| Dividend Yield | 0.64% | 0.74% |
| Holdings | 84 | 58 |
| YTD Return | +9.64% | +13.98%Best |
| 1Y Return | +11.56% | +14.91%Best |
| 3Y Return (annualized) | +19.60% | +22.22%Best |
| 5Y Return (annualized) | - | +14.81% |
| Volatility (annualized) | 12.3%Best | 12.4% |
| Max Drawdown | -18.1%Best | -19.1% |
| $10,000 over 3.2 years | $16,604 | $17,637Best |
| Top 10 Weight | 45.8%Best | 55.3% |
| Fund Family | J.P. Morgan Asset Management | Principal Funds |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Mar 10, 2023 | Oct 11, 2017 |
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 USMC 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 USMC Performance
JPMorgan Equity Focus ETF (JPEF) is an ETF from J.P. Morgan Asset Management and Principal U.S. Mega-Cap ETF (USMC) is an ETF from Principal Funds. Over the past year JPEF returned +11.56% while USMC returned +14.91%. Year to date, JPEF is up 9.64% versus a gain of 13.98% for USMC.
Over three years, JPEF compounded at +19.60% per year against +22.22% for USMC.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
USMC has been the more volatile fund, with annualized monthly volatility of 12.4% 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 -19.1% for USMC. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.95. 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 USMC charges 0.12%. On a $10,000 position that is $44 vs $12 annually, a gap of $32 per year that compounds over a long holding period. On income, JPEF currently yields 0.64% against 0.74% for USMC.
Holdings Overlap
40.4% of JPEF's money is in holdings USMC also owns. 48.5% of USMC's money is in holdings JPEF also owns.
The two portfolios partly overlap.
10 positions in common, counted across the 41 positions we hold weights for in JPEF and 27 in USMC, against full books of 84 and 58.
What only one of them owns
Our book lists 17 positions for USMC that do not appear in our book for JPEF (51.5% of the fund), and 30 for JPEF that do not appear in USMC (57.9%).
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 USMC | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 9.59% | 7.99% | 1.60% |
| AAPLApple, Inc | 5.69% | 7.40% | 1.71% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 5.05% | 5.55% | 0.50% |
| MUMicron Technology, Inc. | 2.45% | 7.18% | 4.73% |
| AMZNAmazon.Com Inc | 4.50% | 3.77% | 0.73% |
| AVGOBroadcom Inc | 2.80% | 4.44% | 1.64% |
| JNJJohnson & Johnson - Common | 3.24% | 3.25% | 0.01% |
| METAMeta Platform Inc | 2.36% | 3.92% | 1.56% |
| XOMExxon Mobil Corp. | 2.56% | 2.34% | 0.22% |
| PGProcter & Gamble Company | 2.12% | 2.64% | 0.52% |
48.5% of USMC is already inside JPEF.
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 USMC?
JPEF has an expense ratio of 0.44% while USMC charges 0.12%. USMC is the cheaper option, by $32 a year on a $10,000 investment.
Which performed better, JPEF or USMC?
Over the past year JPEF returned +11.56% vs +14.91% for USMC, so USMC leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, JPEF or USMC?
USMC has been the more volatile fund at 12.4% annualized versus 12.3% for JPEF. Worst drawdown: JPEF -18.1% vs USMC -19.1%.
Should I hold both JPEF and USMC?
JPEF and USMC have a monthly-return correlation of 0.95, 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 USMC?
48.5% of USMC's money is in holdings JPEF also owns. 48.5% of USMC's is in holdings JPEF also owns. They hold 10 positions in common, counted across the 41 positions we hold weights for in JPEF and 27 in USMC.
Which pays a higher dividend, JPEF or USMC?
JPEF yields 0.64% while USMC yields 0.74%, so USMC currently pays the higher dividend yield.
Is USMC better than JPEF?
USMC has a lower expense ratio. USMC led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.95. JPEF is less concentrated, with 45.8% of the fund in its ten largest positions against 55.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.