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ETFs

JPMorgan Diversified Return US Small Cap Equity ETF

JPSE
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Nov 15 2016
Expense Ratio
0.29%
Type
US Equities
Fund Owner
JPMorgan Chase
Volume (1m avg. daily)
$1,340,516
AUM
$405,355,186
Associated Index
JP Morgan Diversified Factor US Small Cap Equity Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

TWNK
Hostess Brands Inc - Ordinary Shares - Class A
0.38%
SBRA
Sabra Healthcare REIT Inc
0.35%
CRS
Carpenter Technology Corp.
0.35%
SFM
Sprouts Farmers Market Inc
0.34%
CEIX
Consol Energy Inc
0.33%
PBF
PBF Energy Inc - Ordinary Shares - Class A
0.33%
SATS
EchoStar Corp - Ordinary Shares - Class A
0.33%
APLE
Apple Hospitality REIT Inc
0.33%
GEO
Geo Group, Inc.
0.33%
AEL
American Equity Investment Life Holding Co
0.32%
Invest with JPSE

What is JPSE?

The Fund seeks investment results that closely correspond,before fees and expenses, to the performance of the JP MorganDiversified Factor US Small 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 Russell 2000Index, a broader Russell index, which is comprised of small capequity securities in the United States. Through diversification,the Underlying Index is designed to more evenly distribute riskacross sectors and individual securities. In the Underlying Index,weightings to sectors are adjusted based on their historicalvolatility to attempt to balance risk across sectors in the overallportfolio. The Underlying Index is diversified across the follow-ing sectors: basic materials, consumer services, consumergoods, 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 small cap equitysecurities of U.S. companies, including common stock, preferredstock and real estate investment trusts.

ETFs related toJPSE

ETFs correlated to JPSE include SPSM, VIOO, IJR

JPSE
J.P.Morgan Investment Management Inc. - JPMorgan Diversified Return U.S. Small Cap Equity ETF
SPSM
SPDR Series Trust - SPDR Portfolio S&P 600 Small Cap ETF
VIOO
Vanguard Group, Inc. - Vanguard S&P Small-Cap 600 ETF
IJR
BlackRock Institutional Trust Company N.A. - iShares Core S&P Small-Cap ETF
DFAS
Dimensional ETF Trust - Dimensional U.S. Small Cap ETF
FNDA
Schwab Strategic Trust - Schwab Fundamental U.S. Small Company Index ETF
GSSC
Goldman Sachs ETF Trust - Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF
IJT
BlackRock Institutional Trust Company N.A. - iShares S&P Small-Cap 600 Growth ETF
SLYG
SPDR Series Trust - SPDR S&P 600 Small Cap Growth ETF
TNA
Direxion Shares ETF Trust - Direxion Dialy Small Cap Bull 3X Shares
VIOG
Vanguard Group, Inc. - Vanguard S&P Small-Cap 600 Growth 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.

Automated Strategies
Related toJPSE

#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 JPSE using Composer

FAQ

JPSE 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 Small 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 Russell 2000Index, a broader Russell index, which is comprised of small capequity securities in the United States. Through diversification,the Underlying Index is designed to more evenly distribute riskacross sectors and individual securities. In the Underlying Index,weightings to sectors are adjusted based on their historicalvolatility to attempt to balance risk across sectors in the overallportfolio. The Underlying Index is diversified across the follow-ing sectors: basic materials, consumer services, consumergoods, 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 small cap equitysecurities of U.S. companies, including common stock, preferredstock and real estate investment trusts.

JPSE tracks the JP Morgan Diversified Factor US Small Cap Equity Index.

No, JPSE 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, JPSE 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 JPSE is -0.0215%. This is the percent change in the value of JPSE over the most recent 1-month period. The 3-month return on JPSE is 0.0015%. This is the percent change in the value of JPSE over the most recent 3-month period.

The standard deviation of JPSE for the past year is 0.2034%. 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 JPSE include SPHQ, DSI, and QUAL.

ETFs correlated to JPSE include SPSM, VIOO, and IJR.

ETFs that are inversely correlated to JPSE include TZA, RWM, and TWM.

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.