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JPMorgan BetaBuilders U.S. Mid Cap Equity ETF

BBMC
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Apr 14 2020
Expense Ratio
0.07%
Type
US Equities
Fund Owner
JPMorgan Chase
Volume (1m avg. daily)
$9,336,069
AUM
$1,536,954,000
Associated Index
Morningstar US Mid Cap Target Market Exposure Extended Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus

Top 10 Holdings

n/a
JPMORGAN US GOVT MMKT FUN
0.91%
FICO
Fair, Isaac Corp.
0.54%
FWONK
Liberty Media Corp. - Ordinary Shares (Tracking Stock -Liberty Formula 1) Series C
0.47%
GLPI
Gaming and Leisure Properties Inc
0.44%
RS
Reliance Steel & Aluminum Co.
0.44%
AXON
Axon Enterprise Inc
0.42%
FHN
First Horizon Corporation
0.42%
ARES
Ares Management Corp - Ordinary Shares - Class A
0.42%
NDSN
Nordson Corp.
0.42%
CSL
Carlisle Companies Inc.
0.41%
Invest with BBMC

What is BBMC?

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF seeks investment results that closely correspond to the Morningstar US Mid Cap Target Market Exposure Extended Index. The Underlying Index consists of equity securities primarily traded in the United States and targets those securities that fall between the 85th and 95th percentiles in market capitalization of the free float adjusted investable universe. The Underlying Index primarily includes mid-capitalization companies, although large and small capitalization companies can be included.

ETFs related toBBMC

ETFs correlated to BBMC include VB, ESML, SMMD

BBMC
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders U.S. Mid Cap Equity ETF
VB
Vanguard Group, Inc. - Vanguard Small Cap ETF
ESML
BlackRock Institutional Trust Company N.A. - iShares ESG Aware MSCI USA Small-Cap ETF
SMMD
BlackRock Institutional Trust Company N.A. - iShares Russell 2500 ETF
BKSE
BNY Mellon ETF Trust - BNY Mellon US Small Cap Core Equity ETF
SCHA
Schwab Strategic Trust - Schwab U.S. Small-Cap ETF
SCHM
Schwab Strategic Trust - Schwab U.S. Mid-Cap ETF
NUSC
Nuveen Fund Advisors LLC - Nuveen ESG Small-Cap ETF
MDYG
SPDR Series Trust - SPDR S&P 400 Mid Cap Growth ETF
IVOG
Vanguard Group, Inc. - Vanguard S&P Mid-Cap 400 Growth ETF
VXF
Vanguard Group, Inc. - Vanguard Extended Market Index ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toBBMC

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The Not Boring: Rising Rates with Vol Switch

Category

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Risk Rating

Aggressive

#SPYMIN

SPY minimum drawdown

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Risk Rating

Aggressive

Create your own algorithmic trading strategy with BBMC using Composer

FAQ

BBMC is a US Equities ETF. JPMorgan BetaBuilders U.S. Mid Cap Equity ETF seeks investment results that closely correspond to the Morningstar US Mid Cap Target Market Exposure Extended Index. The Underlying Index consists of equity securities primarily traded in the United States and targets those securities that fall between the 85th and 95th percentiles in market capitalization of the free float adjusted investable universe. The Underlying Index primarily includes mid-capitalization companies, although large and small capitalization companies can be included.

The top holdings for BBMC include JPMORGAN US GOVT MMKT FUN, Fair, Isaac Corp., and Liberty Media Corp. - Ordinary Shares (Tracking Stock -Liberty Formula 1) Series C.

BBMC has 645 total holdings.

BBMC tracks the Morningstar US Mid Cap Target Market Exposure Extended Index.

No, BBMC is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, BBMC is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on BBMC is 0.1001%. This is the percent change in the value of BBMC over the most recent 1-month period. The 3-month return on BBMC is 0.1302%. This is the percent change in the value of BBMC over the most recent 3-month period.

The standard deviation of BBMC for the past year is 0.2725%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to BBMC include VTI, QQQ, and IWM.

ETFs correlated to BBMC include VB, ESML, and SMMD.

ETFs that are inversely correlated to BBMC include TWM, TZA, and SRTY.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.