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ETFs

YieldMax JPM Option Income Strategy ETF

JPMO
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Sep 11 2023
Expense Ratio
0.99%
Type
US Equities
Fund Owner
Elevate Shares
Volume (1m avg. daily)
—
AUM
$4,518,720
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
UNITED STATES TREAS NTS 0.75% 12/31/2023
45.86%
n/a
UNITED STATES TREAS NTS 0.75% 11/15/2024
45.84%
n/a
JPM US 11/17/23 C135
8.60%
n/a
Cash & Other
0.99%
n/a
JPM US 09/29/23 C152.5
-0.02%
n/a
JPM 11/17/2023 135.01 P
-1.29%
Invest with JPMO

What is JPMO?

The YieldMax JPM Option Income Strategy ETF (JPMO) is an actively managed fund that seeks to generate monthly income by selling/writing call options on JPM. JPMO pursues a strategy that aims to harvest compelling yields, while retaining capped participation in the price gains of JPM. The Fund's primary investment objective is to seek current income. The Fund's secondary investment objective is to seek exposure to the share price of the common stock of JPMorgan Chase & Co. Corporation ("JPM"), subject to a limit on potential investment gains.

ETFs related toJPMO

ETFs correlated to JPMO include FXG, PSL, FXU

JPMO
Tidal Trust II - YieldMax JPM Option Income Strategy ETF
FXG
First Trust Exchange-Traded Fund III - First Trust Consumer Staples AlphaDEX Fund
PSL
Invesco Capital Management LLC - Invesco Dorsey Wright Consumer Staples Momentum ETF
FXU
First Trust Exchange-Traded Fund III - First Trust Utilities AlphaDEX Fund
RSPU
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight Utilities ETF
IYK
BlackRock Institutional Trust Company N.A. - iShares U.S. Consumer Staples ETF
CONY
Tidal Trust II - YieldMax COIN Option Income Strategy ETF
RSPS
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight Consumer Staples ETF
WGMI
Valkyrie ETF Trust II - Valkyrie Bitcoin Miners ETF
FUTY
Fidelity Covington Trust - Fidelity MSCI Utilities Index ETF
CDL
Victory Portfolios II - VictoryShares US Large Cap High Div Volatility Wtd 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.

FAQ

JPMO is a US Equities ETF. The YieldMax JPM Option Income Strategy ETF (JPMO) is an actively managed fund that seeks to generate monthly income by selling/writing call options on JPM. JPMO pursues a strategy that aims to harvest compelling yields, while retaining capped participation in the price gains of JPM. The Fund's primary investment objective is to seek current income. The Fund's secondary investment objective is to seek exposure to the share price of the common stock of JPMorgan Chase & Co. Corporation ("JPM"), subject to a limit on potential investment gains.

Yes, JPMO is actively 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.

No, JPMO is not passively managed. It is actively 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 JPMO is %. This is the percent change in the value of JPMO over the most recent 1-month period. The 3-month return on JPMO is %. This is the percent change in the value of JPMO over the most recent 3-month period.

ETFs similar to JPMO include XLI, XLY, and XLV.

ETFs correlated to JPMO include FXG, PSL, and FXU.

ETFs that are inversely correlated to JPMO include TSLQ, TSLS, and FAZ.

Disclaimers

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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.