JPMorgan Diversified Return U.S. Equity ETF (JPUS) Performance
JPUS total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +15.4% since Dec 31, 2025
- 1 year
- +16.6% total return
- 5 years
- +9.2% a year
- 10 years
- +11.7% a year
- Since first price
- +11.9% a year since 2015
JPUS trailing returns vs SPY, QQQ, AGG
| Period | JPUS total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +2.5% | +2.5% | −1.0% | −5.0% | +0.9% |
| 3 months | +0.4% | −0.1% | +3.2% | +1.9% | −0.4% |
| 6 months | +4.3% | +3.3% | +7.8% | +8.4% | −1.5% |
| YTD | +15.4% | +13.8% | +12.3% | +15.1% | −1.0% |
| 1 year | +16.6% | +14.2% | +14.4% | +15.9% | −1.1% |
| 3 years | +66.0%+18.4%/yr | +55.2% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +55.5%+9.2%/yr | +38.9% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +203.6%+11.7%/yr | +146.1% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| Since inceptionSep 30, 2015 | +245.4%+11.9%/yr | +178.5% | — | — | — |
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: JPUS vs SPY
From Sep 30, 2015: JPUS grew to $34,538, SPY to $47,438.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
JPUS returns by calendar year
8 of 10 full years positive. Best 2021 (+29.1%), worst 2022 (−8.5%). 2026 is year to date.
JPUS annual returns table
| Year | JPUS | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +15.4% | −6.9% | +12.3% | +15.1% | −1.0% |
| 2025 | +11.2% | −13.1% | +17.7% | +20.8% | +7.2% |
| 2024 | +13.5% | −7.8% | +24.9% | +25.6% | +1.3% |
| 2023 | +11.0% | −10.6% | +26.2% | +54.9% | +5.7% |
| 2022 | −8.5% | −19.0% | −18.2% | −32.6% | −13.0% |
| 2021 | +29.1% | −5.2% | +28.7% | +27.4% | −1.8% |
| 2020 | +7.5% | −38.7% | +18.3% | +48.6% | +7.5% |
| 2019 | +25.5% | −6.0% | +31.2% | +39.0% | +8.5% |
| 2018 | −6.1% | −17.9% | −4.6% | −0.1% | +0.1% |
| 2017 | +20.6% | −2.1% | +21.7% | +32.7% | +3.6% |
| 2016 | +11.1% | −8.7% | +12.0% | +7.1% | +2.4% |
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.
JPUS largest drawdowns
Now 2.6% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 14, 2020 | −38.7% | Mar 23, 2020 | Nov 11, 2020 | 38 days | 9 months |
| Apr 20, 2022 | −19.0% | Sep 30, 2022 | Dec 14, 2023 | 5 months | 1.7 years |
| Sep 21, 2018 | −17.9% | Dec 24, 2018 | Apr 5, 2019 | 3 months | 6 months |
| Nov 29, 2024 | −16.0% | Apr 8, 2025 | Aug 13, 2025 | 4 months | 8 months |
| Oct 30, 2015 | −11.7% | Jan 20, 2016 | Mar 17, 2016 | 3 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.
JPUS risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2015 |
|---|---|---|---|---|
| Annualized return | +15.6% | +9.6% | +11.1% | +11.5% |
| Volatility (annualized) | 12.1% | 15.0% | 15.3% | 15.1% |
| Sharpe ratio | 0.90 | 0.45 | 0.62 | 0.66 |
| Sortino ratio | 1.49 | 0.68 | 0.91 | 0.99 |
| Best month | +7.4% | +10.0% | +12.8% | +12.8% |
| Worst month | −7.1% | −9.8% | −17.1% | −17.1% |
| Best 12 months | +31.4% | +31.4% | +58.9% | +58.9% |
| Worst 12 months | +4.2% | −9.1% | −17.8% | −17.8% |
| Positive months | 67% | 58% | 67% | 65% |
| Beta vs S&P 500 | 0.65 | 0.80 | 0.90 | — |
| Correlation with S&P 500 | 0.67 | 0.84 | 0.90 | — |
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.
JPUS rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 122 | −17.8% | +11.5% | +58.9% | 85% |
| 3-year (a year) | 98 | −0.5% | +11.0% | +20.3% | 99% |
| 5-year (a year) | 74 | +7.1% | +11.1% | +17.0% | 100% |
| 10-year (a year) | 14 | +10.4% | +11.5% | +12.4% | 100% |
Every holding period starting at a month-end since 2015. Returns for 3 years and longer are annualized.
JPUS performance overview
JPMorgan Diversified Return U.S. Equity ETF (JPUS) returned +16.6% over the past year and +11.7% a year over ten years, with distributions reinvested. Since its first recorded price in 2015 it has returned +11.9% a year, turning $10,000 into about $34,538. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −38.7%, from Feb 14, 2020 to Mar 23, 2020, and it took 8 months to get back to the old high. JPUS finished 8 of its 10 full calendar years with a gain; the best year was 2021 (+29.1%) and the worst 2022 (−8.5%). Volatility has been 15.1% a year.
Related: JPUS chart, JPUS holdings, JPUS dividends, JPUS valuation. See the JPUS overview for the latest quote and fund facts.
JPUS performance FAQ
What is the JPUS return over the past year?
JPUS returned +16.6% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 14.2%.
What is the average annual return of JPUS?
JPUS has returned +9.2% a year over 5 years, +11.7% a year over 10 years, +11.9% a year since September 30, 2015 (total return, distributions reinvested).
How much would $10,000 invested in JPUS be worth?
$10,000 invested in JPUS at its first recorded close on September 30, 2015 would be worth about $34,538 on October 23, 2026 with distributions reinvested.
What was the worst year for JPUS?
The worst calendar year was 2022, with a total return of −8.5%. The best was 2021 at +29.1%.
What is the biggest drawdown of JPUS?
The largest peak-to-trough decline was −38.7% between February 14, 2020 and March 23, 2020. It recovered to the old high on November 11, 2020, 8 months after the bottom.
How volatile is JPUS?
Over the past 3 years JPUS had an annualized volatility of 12.1% and a Sharpe ratio of 0.90 (excess return over 1–3 month T-bills per unit of risk).