JPSE
JPMorgan Diversified Return U.S. Small Cap Equity ETF
The JPMorgan Diversified Return U.S. Small Cap Equity ETF tracks a multi-factor index comprised of US small-cap stocks. The index uses a combination of fundamental and technical factors for stock selection, and inverse volatility for weighting.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
464.1 M
ASSETS UNDER MGMT
29 bp
EXPENSES
Fund Basics
| Fund sponsor | JPMorgan |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Nov 15, 2016 |
| Assets (mns) | $464 |
| Expense ratio | 29 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Multi-Factor |
| Weighting | Volatility |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| CONSOL ENERGY INC | 0.6 % |
| IDT CORPORATION CLASS B | 0.4 % |
| ECHOSTAR CORP-A | 0.4 % |
| SSR MINING INC | 0.4 % |
| MR. COOPER GROUP, INC. | 0.4 % |
| INTERDIGITAL INC | 0.4 % |
| SPIRE, INC. | 0.4 % |
| LAUREATE EDUCATION, INC. CLASS A | 0.4 % |
| MUELLER INDUSTRIES INC | 0.4 % |
| PRESTIGE BRANDS HOLDINGS INC | 0.4 % |
Constituent Breakdown
| Number of holdings | 555 |
| Herfindahl-Hirschman Index | 23 |
| Wgt avg mkt cap (mns) | $2,771 |
| Large cap (>$10bn) | 0.4% |
| Mid cap ($2-10bn) | 58.6% |
| Small cap (<$2bn) | 40.7% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 92.4 % |
 |
BERMUDA | 1.1 % |
 |
CANADA | 0.7 % |
 |
CAYMAN ISLANDS | 0.6 % |
 |
PUERTO RICO | 0.6 % |
Historical Performance
Standardized Performance (as of 04/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -10.7% | -2.4% | 3.6% | 1.1% | 11.1% | -- | -- | 6.1% |
| Dividend Yield | 0.0% | 0.9% | 1.5% | 1.5% | 1.6% | -- | -- | 1.4% |
| Total Returns | -10.7% | -1.6% | 5.1% | 2.6% | 12.7% | -- | -- | 7.5% | Ann. Volatility | 25.8% | 21.7% | 19.8% | 21.4% | 22.5% | -- | -- | 22.5% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.12 | 71% |
| MSCI EAFE | 0.97 | 56% |
| MSCI Emg Mkts | 0.65 | 25% |
Liquidity Measures
| Avg. volume (000) | 94 |
| Turnover | 0.9% |
| Avg. Bid/Ask (% of price) | 0.12% |
| ADV of underlying (mns) | $8,558 |
Technical Indicators
| Recent close | $41.80 |
| 30d moving avg. | $41.90 |
| Annualized volatility | 22.0% |
| Relative strength (RSI) | 45 |
| Short interest (ETF) | 0.3% |
| Short interest (underlying) | 6.3% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. JPSE |
Expenses vs. JPSE |
ALTAR Score™ vs. JPSE |
|---|---|---|---|---|
| GSSC | Goldman Sachs Activebeta U.S. Small Cap Equity ETF | 46.5% | -9 bp | -3.0% |
| RSSL | Global X Russell 2000 ETF | 45.4% | -21 bp | -4.5% |
| PSC | Principal U.S. Small-Cap ETF | 43.2% | +9 bp | -1.9% |
| VTWO | Vanguard Russell 2000 ETF | 42.0% | -19 bp | -4.4% |
| CSA | VictoryShares US Small Cap Volatility Wtd ETF | 40.0% | +6 bp | -1.4% |
| CSF | VictoryShares US Discovery Enhanced Volatility Wtd ETF | 39.9% | +13 bp | +2,203.3% |
| TPSC | Timothy Plan US Small Cap Core ETF | 39.3% | +23 bp | -2.0% |
| IWM | iShares Russell 2000 ETF | 39.1% | -10 bp | -4.4% |
| VTWV | Vanguard Russell 2000 Value ETF | 38.7% | -14 bp | -0.7% |
| VIOO | Vanguard S&P Small-Cap 600 ETF | 38.2% | -19 bp | -0.9% |
Risk and Returns: JPSE vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| Fwd Est | 2024 | 2025 | 2026 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 4/30/2025
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
JPSE
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
ALTAR Score™
JPSE
9.6%
Cat. Avg
6.5%
ALTAR Score™ Calculation
Category Overview
There are 953 funds in the US Equity category, with an average ALTAR Score™
of 6.5% and a standard deviation of
2.7%. JPSE's ALTAR Score™ is approximately
1.2 standard deviations
above
the category average. This places JPSE in the 88th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
JPSESELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| JPSE (29 bp) Percentile rank | 30 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| JPSE | 29.0 | 12.2 | 41.2 |
| Peer Avg. | 32.3 | 15.1 | 47.4 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .