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ETFs

JPMorgan U.S. Momentum Factor ETF

JMOM
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Nov 8, 2017
Expense Ratio
0.12%
Type
US Equities
Fund Owner
JPMorgan Chase
Volume (1m avg. daily)
$677,519
AUM
$288,120,298
Associated Index
JP Morgan US Momentum Factor Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

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ABBV
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Invest with JMOM

What is JMOM?

The Fund seeks investment results that closely correspond, before fees and expenses, to the performance of the JP Morgan US Momentum Factor Index. The Underlying Index is comprised of U.S. equity securities selected to represent positive momentum factor characteristics.

ETFs related toJMOM

ETFs correlated to JMOM include JHML, LRGF, DFAU

JMOM
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan U.S. Momentum Factor ETF
JHML
John Hancock Investment Management LLC - John Hancock Multifactor Large Cap ETF
LRGF
BlackRock Institutional Trust Company N.A. - iShares U.S. Equity Factor ETF
DFAU
Dimensional ETF Trust - Dimensional US Core Equity Market ETF
GSLC
Goldman Sachs ETF Trust - Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF
JQUA
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan U.S. Quality Factor ETF
DFAC
Dimensional ETF Trust - Dimensional U.S. Core Equity 2 ETF
AVUS
American Century ETF Trust - Avantis U.S. Equity ETF
DUHP
Dimensional ETF Trust - Dimensional US High Profitability ETF
XLSR
SSgA Active Trust - SPDR SSGA U.S. Sector Rotation ETF
SUSA
BlackRock Institutional Trust Company N.A. - MSCI USA ESG Select 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 toJMOM

#CV

Controlling for Volatility

Category

Getting Defensive, Worried about Inflation?

Risk Rating

Moderate

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with JMOM using Composer

FAQ

JMOM is a US Equities ETF. The Fund seeks investment results that closely correspond, before fees and expenses, to the performance of the JP Morgan US Momentum Factor Index. The Underlying Index is comprised of U.S. equity securities selected to represent positive momentum factor characteristics.

JMOM tracks the JP Morgan US Momentum Factor Index.

No, JMOM 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, JMOM 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 JMOM is -0.0085%. This is the percent change in the value of JMOM over the most recent 1-month period. The 3-month return on JMOM is 0.0073%. This is the percent change in the value of JMOM over the most recent 3-month period.

The standard deviation of JMOM for the past year is 0.1725%. 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 JMOM include SPHQ, SPHB, and DSI.

ETFs correlated to JMOM include JHML, LRGF, and DFAU.

ETFs that are inversely correlated to JMOM include SH, SDS, and SPDN.

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.