Snapshot*
Top 10 Holdings
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.
JPSEPerformance Measures**
for the time period Nov 17, 2016 to Aug 6, 2026
1M Trailing Return: 0.5%
The percent change in the value over the most recent 1-month period.
3M Trailing Return: 3.3%
The percent change in the value over the most recent 3-month period.
Max Drawdown: -43.0%
The greatest percent loss from peak to trough in value over the time period.
Standard Deviation: 21.7%
The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.
Sharpe Ratio: 0.59
The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.
Calmar Ratio: 0.25
The annualized return divided by the max drawdown for the selected time period.
ETFs related toJPSE
ETFs correlated to JPSE include SPSM, VIOO, IJR
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
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.