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PHEQ vs JMEE

Parametric Hedged Equity ETF vs JPMorgan Small & Mid Cap Enhanced Equity ETF

PHEQ

Parametric Hedged Equity ETF

Annual cost

0.29%

Fund size

$138M

JMEE

JPMorgan Small & Mid Cap Enhanced Equity ETF

Annual cost

0.24%

Fund size

$2.7B

Key differences

PHEQ is an alternative ETF, while JMEE is an equity ETF. PHEQ charges 0.29% a year and JMEE 0.24%.

  • PHEQ is an alternative fund, while JMEE is an equity fund. They carry different risk/return profiles.
  • PHEQ follows a option income strategy; JMEE uses index enhanced.
  • JMEE is much larger than PHEQ. Larger funds are usually more liquid and less likely to close.
  • JMEE has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

PHEQJMEE
Annual cost (TER)0.29%0.24%
Fund size (AUM)$138M$2.7B
Since20231998
Dividend yield1.03%0.97%
Asset classalternativeequity
Regionnorth americanorth america
Strategyoption incomeindex enhanced
CAGR 1Y+15.5%+30.0%
CAGR 3YN/A+18.5%
CAGR 5YN/AN/A
Sharpe 3YN/A0.83
Volatility 1Y6.19%16.01%
Max drawdown-12.55%-25.40%

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