JMEE vs MLRG: Differences, Returns & Fees
JMEE and MLRG hold 1% of their weight in the same names, and JMEE returned +17.9% over the year. Net assets on Oct 20, 2026: $2.9bn for JPMorgan Small & Mid Cap Enhanced Equity ETF and $1.3bn for iShares MSCI USA ETF.
MLRG costs 0.21 points a year less; their one-year returns differ by 2.4 points; JMEE is 2.2 times larger.
| JMEE | MLRG | |
|---|---|---|
| Expense ratio | 0.24% | 0.03% |
| Net assets | $2.9bn | $1.3bn |
| Total return, 1 year | +17.9% | +15.5% |
| What it tracks | No index, actively managed | MSCI USA Index |
| Holdings in common | 1% | |
| Top ten holdings, share of the fund | 5.8% | 37.8% |
| Below its high | 7.1%, high on Aug 14, 2026 | |
Holdings in common uses holdings dated Oct 19, 2026 and Oct 20, 2026.
JMEE and MLRG are built for the same job. How do they differ in cost, holdings and results?
- What each follows. JMEE follows No index, actively managed and MLRG follows MSCI USA Index.
- Holdings in common. 1% of the weight is in the same securities (holdings dated Oct 20, 2026 and Oct 19, 2026).
- One-year total return. Over 1 year to Oct 20, 2026 JMEE returned +17.9% and MLRG +15.5% with distributions reinvested, a gap of 2.4 points.
Data as of Oct 20, 2026. The differences are picked by a fixed rule, in a fixed order; the PDF prints it. Page 2 has the returns, overlap, risks and sources.
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What they hold in common
By the books each fund has filed, JMEE and MLRG hold 1% of their money in the same securities at the same weight. Holdings dated Oct 19, 2026 and Oct 20, 2026.
half
1% in common
On the same fields
JMEE and MLRG on the fields both publish, as of Oct 20, 2026. Source: ETFIQ.
About JMEE
JMEE is actively managed and tracks no index. Over the year to Oct 20, 2026 it returned +17.9% with distributions reinvested. The prospectus expense ratio is 0.24% a year. By its holdings published by its issuer for Oct 20, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 679 positions, with the top ten at 5.8%. It sat 7.1% below its high of Aug 14, 2026 on Oct 20, 2026.
About MLRG
MLRG tracks an index. Over the year to Oct 20, 2026 it returned +15.5% with distributions reinvested, against +15.4% for its benchmark, the MSCI USA Index. The prospectus expense ratio is 0.03% a year. By its holdings published by its issuer for Oct 19, 2026, 96% of the fund by weight is stocks the S&P 500 also holds, across 515 positions, with the top ten at 37.8%.
Questions people ask
- Which returned more over the last year, JMEE or MLRG?
- In the year to Oct 20, 2026, with distributions reinvested, JMEE returned +17.9% and MLRG +15.5%.
- Which is cheaper, JMEE or MLRG?
- MLRG is cheaper, by 0.21 percentage points a year. That is about $21 on $10,000 held for a year. Fees come from each fund's prospectus.
ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, JMEE against MLRG, data as of Oct 20, 2026. https://etfiq.com/compare/any/jmee-vs-mlrg
ETFIQ. (Oct 20, 2026). JMEE against MLRG. Retrieved from https://etfiq.com/compare/any/jmee-vs-mlrg
[JMEE against MLRG (ETFIQ, Oct 20, 2026)](https://etfiq.com/compare/any/jmee-vs-mlrg)
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