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ETFs

JPMorgan U.S. Quality Factor ETF

JQUA
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Nov 08 2017
Expense Ratio
0.12%
Type
US Equities
Fund Owner
JPMorgan Chase
Volume (1m avg. daily)
$11,508,932
AUM
$1,376,562,215
Associated Index
JP Morgan US Quality Factor Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

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Invest with JQUA

What is JQUA?

The Fund seeks investment results that closely correspond, before fees and expenses, to the performance of the JP Morgan US Quality Factor Index. he Underlying Index is comprised of U.S. equity securities selected to represent quality factor characteristics. The rules-based proprietary selection process utilizes a quality factor to identify higher quality companies as measured by profitability, quality of earnings, and solvency.

ETFs related toJQUA

ETFs correlated to JQUA include QUS, GSLC, JHML

JQUA
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan U.S. Quality Factor ETF
QUS
SPDR Series Trust - SPDR MSCI USA StrategicFactors SM ETF
GSLC
Goldman Sachs ETF Trust - Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF
JHML
John Hancock Investment Management LLC - John Hancock Multifactor Large Cap ETF
SPTM
SPDR Series Trust - SPDR Portfolio S&P 1500 Composite Stock Market ETF
SPY
SSgA Active Trust - SPDR S&P 500 ETF Trust
FQAL
Fidelity Covington Trust - Fidelity Quality Factor ETF
VOO
Vanguard Group, Inc. - Vanguard S&P 500 ETF
IVV
BlackRock Institutional Trust Company N.A. - iShares Core S&P 500 ETF
SPLG
SPDR Series Trust - SPDR Portfolio S&P 500 ETF
SSO
ProShares Trust - ProShares Ultra S&P500 2x Shares

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 toJQUA

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

#LSBH

Hedgefundies Refined: Leveraged Stocks and Bonds with a Hedge

Category

Balance Risk Not Assets, Lever Up, Composer's Picks, Leverage: High Risk, High Reward

Risk Rating

Aggressive

Create your own algorithmic trading strategy with JQUA using Composer

FAQ

JQUA is a US Equities ETF. The Fund seeks investment results that closely correspond, before fees and expenses, to the performance of the JP Morgan US Quality Factor Index. he Underlying Index is comprised of U.S. equity securities selected to represent quality factor characteristics. The rules-based proprietary selection process utilizes a quality factor to identify higher quality companies as measured by profitability, quality of earnings, and solvency.

JQUA tracks the JP Morgan US Quality Factor Index.

No, JQUA 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, JQUA 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 JQUA is 0.0142%. This is the percent change in the value of JQUA over the most recent 1-month period. The 3-month return on JQUA is 0.0571%. This is the percent change in the value of JQUA over the most recent 3-month period.

The standard deviation of JQUA for the past year is 0.1958%. 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 JQUA include USMV, PRF, and SUSA.

ETFs correlated to JQUA include QUS, GSLC, and JHML.

ETFs that are inversely correlated to JQUA include SH, SDS, and SPDN.

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.