JPMorgan Diversified Return International Equity ETF
Top 10 Holdings
What is JPIN?
The Fund seeks investment results that closely correspond,before fees and expenses, to the performance of the JP MorganDiversified Factor International Equity Index (the UnderlyingIndex). The Fund will invest at least 80% of its Assets in securi-ties included in the Underlying Index. Assets means net assets,plus the amount of borrowing for investment purposes. TheUnderlying Index is comprised of equity securities acrossdeveloped global markets (excluding North America) selected torepresent a diversified set of factor characteristics, as describedbelow. The Fund s adviser is the sponsor of the Underlying Indexand developed the proprietary factors on which the UnderlyingIndex is based. FTSE International Limited, the BenchmarkAdministrator, administers, calculates and governs the Underly-ing Index. Holdings in the Underlying Index are selected primar-ily from the constituents of the FTSE Developed ex NorthAmerica Index, a broader FTSE index, which is comprised oflarge- and mid-cap equity securities in developed marketsoutside of North America. Through diversification, the Underly-ing Index is designed to more evenly distribute risk acrossregions, sectors and individual securities. In the UnderlyingIndex, weightings to regions and sectors are adjusted based ontheir historical volatility to attempt to balance risk acrossregions and sectors in the overall portfolio. The UnderlyingIndex is diversified across certain countries in the followingcountries and/or regions: United Kingdom, Europe ex UnitedKingdom, Japan, Pacific ex Japan, and across the following sec-tors: basic materials, consumer services, consumer goods,financials, health care, industrials, oil & gas, technology,telecommunications and utilities. The rules based proprietarymulti-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 developed countries, including common stock and preferred stock.
ETFs related toJPIN
ETFs correlated to JPIN include SCHF, VEA, IEFA
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.