JPMorgan Equity Focus ETF (JPEF) Performance
JPEF total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +7.9% since Dec 31, 2025
- 1 year
- +8.7% total return
- 3 years
- +20.8% a year
- Since first price
- +16.5% a year since 2023
JPEF trailing returns vs SPY, QQQ, AGG
| Period | JPEF total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −1.1% | −1.1% | −1.0% | −5.0% | +0.9% |
| 3 months | +1.4% | +1.4% | +3.2% | +1.9% | −0.4% |
| 6 months | +3.3% | +3.3% | +7.8% | +8.4% | −1.5% |
| YTD | +7.9% | +7.9% | +12.3% | +15.1% | −1.0% |
| 1 year | +8.7% | +8.0% | +14.4% | +15.9% | −1.1% |
| 3 years | +76.4%+20.8%/yr | +73.2% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| Since inceptionJul 31, 2023 | +63.9%+16.5%/yr | +60.9% | — | — | — |
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: JPEF vs SPY
From Jul 31, 2023: JPEF grew to $16,385, SPY to $17,274.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
JPEF returns by calendar year
2 of 2 full years positive. Best 2024 (+28.2%), worst 2025 (+12.1%). 2026 is year to date.
JPEF annual returns table
| Year | JPEF | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +7.9% | −8.3% | +12.3% | +15.1% | −1.0% |
| 2025 | +12.1% | −18.1% | +17.7% | +20.8% | +7.2% |
| 2024 | +28.2% | −8.4% | +24.9% | +25.6% | +1.3% |
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.
JPEF largest drawdowns
Now 3.1% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jan 23, 2025 | −18.1% | Apr 8, 2025 | Jun 30, 2025 | 2 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.
JPEF risk statistics
| Statistic | 3 years | Since 2023 |
|---|---|---|
| Annualized return | +20.4% | +17.2% |
| Volatility (annualized) | 12.3% | 12.4% |
| Sharpe ratio | 1.23 | 0.99 |
| Sortino ratio | 2.47 | 1.90 |
| Best month | +9.3% | +9.3% |
| Worst month | −5.4% | −5.4% |
| Best 12 months | +40.9% | +40.9% |
| Worst 12 months | +7.3% | +7.3% |
| Positive months | 67% | 63% |
| Beta vs S&P 500 | 0.96 | — |
| Correlation with S&P 500 | 0.98 | — |
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.
JPEF rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 28 | +7.3% | +13.7% | +40.9% | 100% |
| 3-year (a year) | 4 | +17.7% | +19.5% | +20.9% | 100% |
Every holding period starting at a month-end since 2023. Returns for 3 years and longer are annualized.
JPEF performance overview
JPMorgan Equity Focus ETF (JPEF) returned +8.7% over the past year, with distributions reinvested. Since its first recorded price in 2023 it has returned +16.5% a year, turning $10,000 into about $16,385. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −18.1%, from Jan 23, 2025 to Apr 8, 2025, and it took 3 months to get back to the old high. Volatility has been 12.4% a year.
Related: JPEF chart, JPEF holdings, JPEF dividends, JPEF valuation. See the JPEF overview for the latest quote and fund facts.
JPEF performance FAQ
What is the JPEF return over the past year?
JPEF returned +8.7% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 8.0%.
How much would $10,000 invested in JPEF be worth?
$10,000 invested in JPEF at its first recorded close on July 31, 2023 would be worth about $16,385 on October 23, 2026 with distributions reinvested.
What was the worst year for JPEF?
The worst calendar year was 2025, with a total return of +12.1%. The best was 2024 at +28.2%.
What is the biggest drawdown of JPEF?
The largest peak-to-trough decline was −18.1% between January 23, 2025 and April 8, 2025. It recovered to the old high on June 30, 2025, 3 months after the bottom.
How volatile is JPEF?
Over the past 3 years JPEF had an annualized volatility of 12.3% and a Sharpe ratio of 1.23 (excess return over 1–3 month T-bills per unit of risk).