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ETFs

JPMorgan Diversified Return US Mid Cap Equity ETF

JPME
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
May 11 2016
Expense Ratio
0.24%
Type
US Equities
Fund Owner
JPMorgan Chase
Volume (1m avg. daily)
$1,095,609
AUM
$330,053,609
Associated Index
JP Morgan Diversified Factor US Mid Cap Equity Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

CASY
Casey`s General Stores, Inc.
0.48%
CF
CF Industries Holdings Inc
0.45%
COR
Cencora Inc.
0.45%
VST
Vistra Corp
0.44%
CPB
Campbell Soup Co.
0.44%
PCG
PG&E Corp.
0.44%
OGE
Oge Energy Corp.
0.44%
ACI
Albertsons Companies Inc - Ordinary Shares - Class A
0.43%
X
United States Steel Corp.
0.43%
ED
Consolidated Edison, Inc.
0.43%
Invest with JPME

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

JPME
J.P.Morgan Investment Management Inc. - JPMorgan Diversified Return U.S. Mid Cap Equity ETF
JHMM
John Hancock Investment Management LLC - John Hancock Multifactor Mid Cap ETF
IWS
BlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap Value ETF
JPUS
J.P.Morgan Investment Management Inc. - JPMorgan Diversified Return U.S. Equity ETF
RSP
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight ETF
IMCV
BlackRock Institutional Trust Company N.A. - iShares Morningstar Mid-Cap Value ETF
VOE
Vanguard Group, Inc. - Vanguard Mid-Cap Value ETF
EQAL
Invesco Capital Management LLC - Invesco Russell 1000 Equal Weight ETF
IWR
BlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap ETF
FLQM
Franklin Templeton ETF Trust - Franklin U.S. Mid Cap Multifactor Index ETF
FEX
First Trust Exchange-Traded Fund III - First Trust Large Cap Core AlphaDEX Fund

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 toJPME

#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 JPME using Composer

FAQ

JPME is a US Equities ETF. 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.

JPME tracks the JP Morgan Diversified Factor US Mid Cap Equity Index.

No, JPME 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, JPME 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 JPME is -0.0234%. This is the percent change in the value of JPME over the most recent 1-month period. The 3-month return on JPME is -0.0154%. This is the percent change in the value of JPME over the most recent 3-month period.

The standard deviation of JPME for the past year is 0.1743%. 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 JPME include SPHQ, DSI, and QUAL.

ETFs correlated to JPME include JHMM, IWS, and JPUS.

ETFs that are inversely correlated to JPME include TZA, SRTY, and RWM.

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.