JPMorgan U.S. Value Factor ETF (JVAL) Performance
JVAL total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +20.8% since Dec 31, 2025
- 1 year
- +23.9% total return
- 5 years
- +12.0% a year
- Since first price
- +12.7% a year since 2017
JVAL trailing returns vs SPY, QQQ, AGG
| Period | JVAL total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −0.2% | −0.2% | −1.0% | −5.0% | +0.9% |
| 3 months | +2.8% | +2.4% | +3.2% | +1.9% | −0.4% |
| 6 months | +11.1% | +10.3% | +7.8% | +8.4% | −1.5% |
| YTD | +20.8% | +19.4% | +12.3% | +15.1% | −1.0% |
| 1 year | +23.9% | +21.7% | +14.4% | +15.9% | −1.1% |
| 3 years | +86.4%+23.1%/yr | +74.8% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +76.3%+12.0%/yr | +57.2% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionNov 9, 2017 | +191.9%+12.7%/yr | +135.3% | — | — | — |
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: JVAL vs SPY
From Nov 9, 2017: JVAL grew to $29,189, SPY to $33,786.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
JVAL returns by calendar year
6 of 8 full years positive. Best 2021 (+31.3%), worst 2022 (−11.6%). 2026 is year to date.
JVAL annual returns table
| Year | JVAL | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +20.8% | −8.5% | +12.3% | +15.1% | −1.0% |
| 2025 | +16.2% | −19.8% | +17.7% | +20.8% | +7.2% |
| 2024 | +14.5% | −7.7% | +24.9% | +25.6% | +1.3% |
| 2023 | +19.5% | −11.5% | +26.2% | +54.9% | +5.7% |
| 2022 | −11.6% | −22.4% | −18.2% | −32.6% | −13.0% |
| 2021 | +31.3% | −5.7% | +28.7% | +27.4% | −1.8% |
| 2020 | +6.4% | −40.4% | +18.3% | +48.6% | +7.5% |
| 2019 | +28.4% | −8.5% | +31.2% | +39.0% | +8.5% |
| 2018 | −8.9% | −19.0% | −4.6% | −0.1% | +0.1% |
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.
JVAL largest drawdowns
Now 3.0% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jan 17, 2020 | −40.4% | Mar 23, 2020 | Nov 24, 2020 | 2 months | 10 months |
| Jan 4, 2022 | −22.4% | Sep 30, 2022 | Dec 13, 2023 | 9 months | 1.9 years |
| Nov 25, 2024 | −20.1% | Apr 8, 2025 | Jul 2, 2025 | 4 months | 7 months |
| Sep 21, 2018 | −19.0% | Dec 24, 2018 | May 3, 2019 | 3 months | 7 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
JVAL risk statistics
| Statistic | 3 years | 5 years | Since 2017 |
|---|---|---|---|
| Annualized return | +21.3% | +12.8% | +12.6% |
| Volatility (annualized) | 13.8% | 16.2% | 18.1% |
| Sharpe ratio | 1.16 | 0.61 | 0.61 |
| Sortino ratio | 2.16 | 1.00 | 0.94 |
| Best month | +10.3% | +10.4% | +15.7% |
| Worst month | −5.3% | −9.6% | −18.4% |
| Best 12 months | +39.5% | +39.5% | +73.3% |
| Worst 12 months | +1.9% | −14.2% | −19.2% |
| Positive months | 69% | 58% | 62% |
| Beta vs S&P 500 | 1.01 | 0.96 | — |
| Correlation with S&P 500 | 0.91 | 0.93 | — |
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.
JVAL rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 96 | −19.2% | +11.2% | +73.3% | 74% |
| 3-year (a year) | 72 | +6.0% | +13.3% | +23.3% | 100% |
| 5-year (a year) | 48 | +7.6% | +12.4% | +18.1% | 100% |
Every holding period starting at a month-end since 2017. Returns for 3 years and longer are annualized.
JVAL performance overview
JPMorgan U.S. Value Factor ETF (JVAL) returned +23.9% over the past year and +12.0% a year over five years, with distributions reinvested. Since its first recorded price in 2017 it has returned +12.7% a year, turning $10,000 into about $29,189. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −40.4%, from Jan 17, 2020 to Mar 23, 2020, and it took 8 months to get back to the old high. JVAL finished 6 of its 8 full calendar years with a gain; the best year was 2021 (+31.3%) and the worst 2022 (−11.6%). Volatility has been 18.1% a year.
Related: JVAL chart, JVAL holdings, JVAL dividends, JVAL valuation. See the JVAL overview for the latest quote and fund facts.
JVAL performance FAQ
What is the JVAL return over the past year?
JVAL returned +23.9% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 21.7%.
What is the average annual return of JVAL?
JVAL has returned +12.0% a year over 5 years, +12.7% a year since November 9, 2017 (total return, distributions reinvested).
How much would $10,000 invested in JVAL be worth?
$10,000 invested in JVAL at its first recorded close on November 9, 2017 would be worth about $29,189 on October 23, 2026 with distributions reinvested.
What was the worst year for JVAL?
The worst calendar year was 2022, with a total return of −11.6%. The best was 2021 at +31.3%.
What is the biggest drawdown of JVAL?
The largest peak-to-trough decline was −40.4% between January 17, 2020 and March 23, 2020. It recovered to the old high on November 24, 2020, 8 months after the bottom.
How volatile is JVAL?
Over the past 3 years JVAL had an annualized volatility of 13.8% and a Sharpe ratio of 1.16 (excess return over 1–3 month T-bills per unit of risk).