JPMorgan Diversified Return Emerging Markets Equity ETF
Top 10 Holdings
What is JPEM?
The Fund seeks investment results that closely correspond,before fees and expenses, to the performance of the JP MorganDiversified Factor Emerging Markets Equity Index (the Underly-ing Index). The Fund will invest at least 80% of its Assets insecurities included in the Underlying Index. Assets means netassets, plus the amount of borrowing for investment purposes.The Underlying Index is comprised of equity securities fromemerging markets selected to represent a diversified set of fac-tor characteristics, as described below. The Fund s adviser is thesponsor of the Underlying Index and developed the proprietaryfactors on which the Underlying Index is based. FTSEInternational Limited, the Benchmark Administrator,administers, calculates and governs the Underlying Index. Hold-ings in the Underlying Index are selected primarily from theconstituents of the FTSE Emerging Index, a broader FTSE index,which is comprised of large- and mid-cap equity securities fromadvanced and secondary emerging markets. Throughdiversification, the Underlying Index is designed to more evenlydistribute risk across regions, super-sectors and individualsecurities. In the Underlying Index, weightings to regions andsuper-sectors are adjusted based on their historical volatility toattempt to balance risk across regions and super-sectors in theoverall portfolio. The Underlying Index is diversified acrosscertain countries in the following regions: Asia Pacific ex China;China; Europe, Middle East & Africa (EMEA); and Latin America;and across the following super-sectors: commodities, financials,consumer, defensives and industrials. The rules basedproprietary multi-factor selection process utilizes the followingcharacteristics: value, momentum and quality. The UnderlyingIndex is designed so that each of the individual characteristics isgiven equal input in security selection. Over time, the factorswill have varying degrees of influence on the performance ofthe Underlying Index. The Fund s securities are large- and mid-cap equity securities of companies from emerging markets,including common stock, depositary receipts, preferred stock and real estate investment trusts (REITs).
ETFs related toJPEM
ETFs correlated to JPEM include FNDE, DFEV, PXH
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.
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.