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ETFs

JUSA
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jul 07 2021
Expense Ratio
0.17%
Type
US Equities
Fund Owner
JPMorgan Chase
Volume (1m avg. daily)
$18,844
AUM
$28,111,650
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
JPMORGAN US GOVT MMKT FUN
74.55%
n/a
CASH OR CASH COLLATERAL
16.95%
ALNY
Alnylam Pharmaceuticals Inc
8.50%
LRCX
Lam Research Corp.
0.00%
TER
Teradyne, Inc.
0.00%
NEE
NextEra Energy Inc
0.00%
CI
Cigna Group (The)
0.00%
UNH
Unitedhealth Group Inc
0.00%
MCD
McDonald`s Corp
0.00%
PEP
PepsiCo Inc
0.00%
Invest with JUSA

What is JUSA?

Under normal circumstances, at least 80% of the Fund s Assetswill be invested in the equity securities of large, well-established companies located in the United States. Assets means net assets, plus the amount of borrowings for investment purposes. Large, well-established companies are companies with market capitalizations similar to those within the universe of the S&P500 Index (the Benchmark). As of May 31, 2021, the market capitalization of the companies in the S&P 500 Index rangedfrom $3 billion to $2 trillion.The Fund s investments represent allocations to a variety of theadviser s actively managed U.S. equity strategies, including styles trategies. The adviser selects the strategies utilized in theportfolio based on risk/return analyses and relative value considerations.The Fund will overweight or underweight sectors relative to the Benchmark. The Benchmark is a stock market index that tracks the stocks of the top 500 large-cap U.S.-listed companies. TheFund may, however, invest in securities that are not included inthe Benchmark. In implementing its strategy, the Fund seeks to construct a portfolio of holdings that will outperform the Benchmark over time while maintaining similar risk characteristics; in doing so, the Fund may control the relative emphasis of its investments in a particular sector. The Fund will invest primarily in the securities of large cap market capitalization companies, although the Fund may also invest in mid cap securities. The equity securities in which the Fund may invest will primarily consist of common stock of U.S. companies.

ETFs related toJUSA

ETFs correlated to JUSA include SPUU, IYY, VOTE

JUSA
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan ActiveBuilders U.S. Large Cap Equity ETF
SPUU
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bull 2X Shares
IYY
BlackRock Institutional Trust Company N.A. - iShares Dow Jones U.S. ETF
VOTE
Engine No. 1 ETF Trust - Engine No. 1 Transform 500 ETF
SPLG
SPDR Series Trust - SPDR Portfolio S&P 500 ETF
VOO
Vanguard Group, Inc. - Vanguard S&P 500 ETF
PBUS
Invesco Capital Management LLC - Invesco MSCI USA ETF
IVV
BlackRock Institutional Trust Company N.A. - iShares Core S&P 500 ETF
SCHX
Schwab Strategic Trust - Schwab U.S. Large-Cap ETF
UPRO
ProShares Trust - ProShares UltraPro S&P 500 ETF 3x Shares
SPY
SSgA Active Trust - SPDR S&P 500 ETF Trust

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 toJUSA

#DSS

Diversify with Sin Stocks

Category

Grow Your Portfolio, Diversification

Risk Rating

Aggressive

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with JUSA using Composer

FAQ

JUSA is a US Equities ETF. Under normal circumstances, at least 80% of the Fund s Assetswill be invested in the equity securities of large, well-established companies located in the United States. Assets means net assets, plus the amount of borrowings for investment purposes. Large, well-established companies are companies with market capitalizations similar to those within the universe of the S&P500 Index (the Benchmark). As of May 31, 2021, the market capitalization of the companies in the S&P 500 Index rangedfrom $3 billion to $2 trillion.The Fund s investments represent allocations to a variety of theadviser s actively managed U.S. equity strategies, including styles trategies. The adviser selects the strategies utilized in theportfolio based on risk/return analyses and relative value considerations.The Fund will overweight or underweight sectors relative to the Benchmark. The Benchmark is a stock market index that tracks the stocks of the top 500 large-cap U.S.-listed companies. TheFund may, however, invest in securities that are not included inthe Benchmark. In implementing its strategy, the Fund seeks to construct a portfolio of holdings that will outperform the Benchmark over time while maintaining similar risk characteristics; in doing so, the Fund may control the relative emphasis of its investments in a particular sector. The Fund will invest primarily in the securities of large cap market capitalization companies, although the Fund may also invest in mid cap securities. The equity securities in which the Fund may invest will primarily consist of common stock of U.S. companies.

Yes, JUSA 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, JUSA 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 JUSA is -0.001%. This is the percent change in the value of JUSA over the most recent 1-month period. The 3-month return on JUSA is 0.0289%. This is the percent change in the value of JUSA over the most recent 3-month period.

The standard deviation of JUSA for the past year is 0.1757%. 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 JUSA include IJR, VTI, and IWM.

ETFs correlated to JUSA include SPUU, IYY, and VOTE.

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

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.