JPMorgan International Research Enhanced… (JIRE) Performance
JIRE total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +8.2% since Dec 31, 2025
- 1 year
- +11.7% total return
- 3 years
- +18.7% a year
- Since first price
- +15.4% a year since 2022
JIRE trailing returns vs SPY, QQQ, AGG
| Period | JIRE total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −1.8% | −1.8% | −1.0% | −5.0% | +0.9% |
| 3 months | −0.5% | −0.5% | +3.2% | +1.9% | −0.4% |
| 6 months | +2.9% | +2.9% | +7.8% | +8.4% | −1.5% |
| YTD | +8.2% | +8.2% | +12.3% | +15.1% | −1.0% |
| 1 year | +11.7% | +8.5% | +14.4% | +15.9% | −1.1% |
| 3 years | +67.2%+18.7%/yr | +53.3% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| Since inceptionJun 13, 2022 | +86.6%+15.4%/yr | +66.7% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: JIRE vs SPY
From Jun 13, 2022: JIRE grew to $18,664, SPY to $21,525.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
JIRE returns by calendar year
3 of 3 full years positive. Best 2025 (+31.8%), worst 2024 (+3.2%). 2026 is year to date.
JIRE annual returns table
| Year | JIRE | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +8.2% | −11.8% | +12.3% | +15.1% | −1.0% |
| 2025 | +31.8% | −13.6% | +17.7% | +20.8% | +7.2% |
| 2024 | +3.2% | −10.5% | +24.9% | +25.6% | +1.3% |
| 2023 | +20.0% | −11.1% | +26.2% | +54.9% | +5.7% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
JIRE largest drawdowns
Now 5.7% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Aug 12, 2022 | −16.1% | Sep 27, 2022 | Nov 30, 2022 | 46 days | 4 months |
| Mar 19, 2025 | −13.6% | Apr 8, 2025 | Apr 28, 2025 | 20 days | 40 days |
| Feb 25, 2026 | −11.8% | Mar 20, 2026 | Jun 22, 2026 | 23 days | 4 months |
| Jul 28, 2023 | −11.1% | Oct 27, 2023 | Dec 13, 2023 | 3 months | 5 months |
| Sep 26, 2024 | −10.5% | Jan 13, 2025 | Mar 5, 2025 | 4 months | 5 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
JIRE risk statistics
| Statistic | 3 years | Since 2022 |
|---|---|---|
| Annualized return | +18.1% | +16.4% |
| Volatility (annualized) | 12.0% | 15.2% |
| Sharpe ratio | 1.09 | 0.80 |
| Sortino ratio | 1.79 | 1.33 |
| Best month | +8.0% | +13.3% |
| Worst month | −8.2% | −9.1% |
| Best 12 months | +33.6% | +33.6% |
| Worst 12 months | +3.2% | +3.2% |
| Positive months | 72% | 67% |
| Beta vs S&P 500 | 0.60 | — |
| Correlation with S&P 500 | 0.63 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
JIRE rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 41 | +3.2% | +17.6% | +33.6% | 100% |
| 3-year (a year) | 17 | +13.8% | +17.4% | +22.4% | 100% |
Every holding period starting at a month-end since 2022. Returns for 3 years and longer are annualized.
JIRE performance overview
JPMorgan International Research Enhanced… (JIRE) returned +11.7% over the past year, with distributions reinvested. Since its first recorded price in 2022 it has returned +15.4% a year, turning $10,000 into about $18,664. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −16.1%, from Aug 12, 2022 to Sep 27, 2022, and it took 2 months to get back to the old high. JIRE finished 3 of its 3 full calendar years with a gain; the best year was 2025 (+31.8%) and the worst 2024 (+3.2%). Volatility has been 15.2% a year.
Related: JIRE chart, JIRE holdings, JIRE dividends. See the JIRE overview for the latest quote and fund facts.
JIRE performance FAQ
What is the JIRE return over the past year?
JIRE returned +11.7% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 8.5%.
How much would $10,000 invested in JIRE be worth?
$10,000 invested in JIRE at its first recorded close on June 13, 2022 would be worth about $18,664 on October 23, 2026 with distributions reinvested.
What was the worst year for JIRE?
The worst calendar year was 2024, with a total return of +3.2%. The best was 2025 at +31.8%.
What is the biggest drawdown of JIRE?
The largest peak-to-trough decline was −16.1% between August 12, 2022 and September 27, 2022. It recovered to the old high on November 30, 2022, 2 months after the bottom.
How volatile is JIRE?
Over the past 3 years JIRE had an annualized volatility of 12.0% and a Sharpe ratio of 1.09 (excess return over 1–3 month T-bills per unit of risk).