JPMorgan Diversified Return US Equity ETF
Top 10 Holdings
What is JPUS?
The Fund seeks investment results that closely correspond,before fees and expenses, to the performance of the JP MorganDiversified Factor US Equity Index (the Underlying Index). TheFund will invest at least 80% of its Assets in securities includedin the Underlying Index. Assets means net assets, plus theamount of borrowing for investment purposes. The UnderlyingIndex is comprised of U.S. equity securities selected torepresent a diversified set of factor characteristics, as describedbelow. The Fund s adviser is the sponsor of the Underlying Indexand developed the proprietary factors on which the UnderlyingIndex is based. FTSE International Limited, the BenchmarkAdministrator, administers, calculates and governs the Underly-ing Index. Holdings in the Underlying Index are selected primar-ily from the constituents of the Russell 1000 Index, a broaderRussell index, which is comprised of large- and mid-cap equitysecurities in the United States. Through diversification, theUnderlying 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 large- and mid-cap equity securities of U.S. companies, including commonstock, preferred stock and real estate investment trusts.
ETFs related toJPUS
ETFs correlated to JPUS include JPME, SCHV, IWD
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 JPUS 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.