JPMorgan Diversified Return U.S. Small Cap… (JPSE) Performance
JPSE total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +15.2% since Dec 31, 2025
- 1 year
- +15.3% total return
- 5 years
- +6.5% a year
- Since first price
- +10.1% a year since 2016
JPSE trailing returns vs SPY, QQQ, AGG
| Period | JPSE total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +0.3% | +0.3% | −1.0% | −5.0% | +0.9% |
| 3 months | −2.9% | −3.4% | +3.2% | +1.9% | −0.4% |
| 6 months | +1.3% | +0.6% | +7.8% | +8.4% | −1.5% |
| YTD | +15.2% | +14.2% | +12.3% | +15.1% | −1.0% |
| 1 year | +15.3% | +13.6% | +14.4% | +15.9% | −1.1% |
| 3 years | +61.7%+17.4%/yr | +53.8% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +37.3%+6.5%/yr | +26.3% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionNov 17, 2016 | +160.4%+10.1%/yr | +126.5% | — | — | — |
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: JPSE vs SPY
From Nov 17, 2016: JPSE grew to $26,036, SPY to $40,637.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
JPSE returns by calendar year
7 of 9 full years positive. Best 2021 (+29.3%), worst 2022 (−14.4%). 2026 is year to date.
JPSE annual returns table
| Year | JPSE | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +15.2% | −8.0% | +12.3% | +15.1% | −1.0% |
| 2025 | +8.8% | −21.1% | +17.7% | +20.8% | +7.2% |
| 2024 | +8.1% | −9.3% | +24.9% | +25.6% | +1.3% |
| 2023 | +15.9% | −14.2% | +26.2% | +54.9% | +5.7% |
| 2022 | −14.4% | −24.0% | −18.2% | −32.6% | −13.0% |
| 2021 | +29.3% | −9.3% | +28.7% | +27.4% | −1.8% |
| 2020 | +12.5% | −43.0% | +18.3% | +48.6% | +7.5% |
| 2019 | +22.9% | −8.8% | +31.2% | +39.0% | +8.5% |
| 2018 | −8.6% | −23.3% | −4.6% | −0.1% | +0.1% |
| 2017 | +14.4% | −4.7% | +21.7% | +32.7% | +3.6% |
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.
JPSE largest drawdowns
Now 6.3% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jan 16, 2020 | −43.0% | Mar 23, 2020 | Nov 16, 2020 | 2 months | 10 months |
| Nov 8, 2021 | −25.6% | Sep 27, 2022 | Jul 15, 2024 | 11 months | 2.7 years |
| Nov 25, 2024 | −25.5% | Apr 8, 2025 | Dec 4, 2025 | 4 months | 1.0 years |
| Sep 14, 2018 | −23.3% | Dec 24, 2018 | Jan 14, 2020 | 3 months | 1.3 years |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
JPSE risk statistics
| Statistic | 3 years | 5 years | Since 2016 |
|---|---|---|---|
| Annualized return | +14.6% | +7.2% | +9.9% |
| Volatility (annualized) | 17.4% | 19.4% | 19.9% |
| Sharpe ratio | 0.62 | 0.27 | 0.46 |
| Sortino ratio | 1.12 | 0.43 | 0.69 |
| Best month | +10.8% | +12.9% | +16.3% |
| Worst month | −8.2% | −10.5% | −23.4% |
| Best 12 months | +39.8% | +39.8% | +99.1% |
| Worst 12 months | −3.5% | −17.0% | −27.8% |
| Positive months | 61% | 55% | 63% |
| Beta vs S&P 500 | 0.96 | 1.00 | — |
| Correlation with S&P 500 | 0.68 | 0.81 | — |
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.
JPSE rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 108 | −27.8% | +7.8% | +99.1% | 68% |
| 3-year (a year) | 84 | −5.9% | +9.8% | +24.5% | 98% |
| 5-year (a year) | 60 | +5.4% | +9.2% | +17.0% | 100% |
Every holding period starting at a month-end since 2016. Returns for 3 years and longer are annualized.
JPSE performance overview
JPMorgan Diversified Return U.S. Small Cap… (JPSE) returned +15.3% over the past year and +6.5% a year over five years, with distributions reinvested. Since its first recorded price in 2016 it has returned +10.1% a year, turning $10,000 into about $26,036. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −43.0%, from Jan 16, 2020 to Mar 23, 2020, and it took 8 months to get back to the old high. JPSE finished 7 of its 9 full calendar years with a gain; the best year was 2021 (+29.3%) and the worst 2022 (−14.4%). Volatility has been 19.9% a year.
Related: JPSE chart, JPSE holdings, JPSE dividends, JPSE valuation. See the JPSE overview for the latest quote and fund facts.
JPSE performance FAQ
What is the JPSE return over the past year?
JPSE returned +15.3% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 13.6%.
What is the average annual return of JPSE?
JPSE has returned +6.5% a year over 5 years, +10.1% a year since November 17, 2016 (total return, distributions reinvested).
How much would $10,000 invested in JPSE be worth?
$10,000 invested in JPSE at its first recorded close on November 17, 2016 would be worth about $26,036 on October 23, 2026 with distributions reinvested.
What was the worst year for JPSE?
The worst calendar year was 2022, with a total return of −14.4%. The best was 2021 at +29.3%.
What is the biggest drawdown of JPSE?
The largest peak-to-trough decline was −43.0% between January 16, 2020 and March 23, 2020. It recovered to the old high on November 16, 2020, 8 months after the bottom.
How volatile is JPSE?
Over the past 3 years JPSE had an annualized volatility of 17.4% and a Sharpe ratio of 0.62 (excess return over 1–3 month T-bills per unit of risk).