JPMorgan Diversified Return US Mid Cap Equity ETF
Top 10 Holdings
What is JPME?
The Fund seeks investment results that closely correspond,before fees and expenses, to the performance of the JP MorganDiversified Factor US Mid Cap 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 U.S. equity securities selectedto represent a diversified set of factor characteristics, asdescribed below. The Fund s adviser is the sponsor of theUnderlying Index and developed the proprietary factors onwhich the Underlying Index is based. FTSE International Limited,the Benchmark Administrator, administers, calculates andgoverns the Underlying Index. Holdings in the Underlying Indexare selected primarily from the constituents of the RussellMidcap Index, a broader Russell index, which is comprised ofmid-cap equity securities in the United States. Throughdiversification, the Underlying Index is designed to more evenlydistribute risk across sectors and individual securities. In theUnderlying Index, weightings to sectors are adjusted based ontheir historical volatility to attempt to balance risk across sec-tors in the overall portfolio. The Underlying Index is diversifiedacross the following sectors: basic materials, consumer services,consumer goods, financials, health care, industrials, oil & gas,technology, telecommunications and utilities. 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 mid-cap equitysecurities of U.S. companies, including common stock, preferredstock and real estate investment trusts.
ETFs related toJPME
ETFs correlated to JPME include JHMM, IWS, JPUS
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.
Controlling for Volatility
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Follow the Global Trend
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Create your own algorithmic trading strategy with JPME using Composer
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.