JQUA
JPMorgan U.S. Quality Factor ETF
JQUA tracks an index of US large-cap equities that are selected and weighted by three quality factors: profitability, quality of earnings, and solvency. lf
US
EQUITY
Rules-Based
MANAGEMENT STYLE
5.5 B
ASSETS UNDER MGMT
12 bp
EXPENSES
Fund Basics
| Fund sponsor | JPMorgan |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Nov 08, 2017 |
| Assets (mns) | $5,456 |
| Expense ratio | 12 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Fundamental |
| Weighting | Proprietary |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| META PLATFORMS INC | 2.1 % |
| BERKSHIRE HATHAWAY INC-CL B | 2.1 % |
| VISA INC. CLASS A | 2.1 % |
| APPLE INC | 2.0 % |
| ALPHABET INC. CLASS A | 1.8 % |
| MASTERCARD INCORPORATED CLASS A | 1.7 % |
| NVIDIA CORP | 1.6 % |
| EXXON MOBIL CORP | 1.6 % |
| MICROSOFT CORP | 1.6 % |
| JOHNSON & JOHNSON | 1.6 % |
Constituent Breakdown
| Number of holdings | 289 |
| Herfindahl-Hirschman Index | 75 |
| Wgt avg mkt cap (mns) | $391,169 |
| Large cap (>$10bn) | 93.0% |
| Mid cap ($2-10bn) | 6.7% |
| Small cap (<$2bn) | 0.1% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 95.6 % |
 |
IRELAND | 1.7 % |
 |
BRITAIN | 1.0 % |
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 | -2.1% | 12.0% | 15.8% | 12.0% | 14.4% | -- | -- | 11.5% |
| Dividend Yield | 0.0% | 0.7% | 1.1% | 1.3% | 1.5% | -- | -- | 1.7% |
| Total Returns | -2.1% | 12.8% | 17.0% | 13.3% | 15.9% | -- | -- | 13.1% | Ann. Volatility | 25.1% | 17.3% | 14.6% | 16.9% | 16.6% | -- | -- | 19.8% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.92 | 96% |
| MSCI EAFE | 0.75 | 67% |
| MSCI Emg Mkts | 0.54 | 34% |
Liquidity Measures
| Avg. volume (000) | 1,029 |
| Turnover | 1.1% |
| Avg. Bid/Ask (% of price) | 0.05% |
| ADV of underlying (mns) | $123,842 |
Technical Indicators
| Recent close | $56.09 |
| 30d moving avg. | $54.95 |
| Annualized volatility | 15.6% |
| Relative strength (RSI) | 50 |
| Short interest (ETF) | 0.3% |
| Short interest (underlying) | 1.9% |
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. JQUA |
Expenses vs. JQUA |
ALTAR Score™ vs. JQUA |
|---|---|---|---|---|
| QUS | SPDR MSCI USA StrategicFactors ETF | 50.4% | +3 bp | -0.3% |
| DSPY | Tema S&P 500 Historical Weight ETF | 46.9% | +6 bp | -0.6% |
| QARP | Xtrackers Russell 1000 US Quality at a Reasonable Price ETF | 46.3% | +7 bp | +0.6% |
| FQAL | Fidelity Quality Factor ETF | 45.4% | +3 bp | -0.1% |
| USCL | iShares Climate Conscious & Transition MSCI USA ETF | 45.4% | -4 bp | -0.7% |
| USCA | Xtrackers MSCI USA Climate Action Equity ETF | 45.0% | -5 bp | -0.7% |
| OALC | OneAscent Large Cap Core ETF | 45.0% | +74 bp | -1.5% |
| PFM | Invesco Dividend Achievers ETF | 44.9% | +41 bp | -0.6% |
| XMAG | Defiance Large Cap ex-Mag 7 ETF | 44.5% | +23 bp | -0.7% |
| GSLC | Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF | 44.4% | -3 bp | -0.4% |
Risk and Returns: JQUA 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
Peer Group Comparison Sample data. Subscribe for access.
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
JQUA
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
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
ALTAR Score™
JQUA
6.2%
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%. JQUA's ALTAR Score™ is approximately
0.1 standard deviations
below
the category average. This places JQUA in the 45th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
JQUASELL
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 |
| JQUA (12 bp) Percentile rank | 15 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| JQUA | 12.0 | 4.6 | 16.6 |
| Peer Avg. | 32.3 | 15.1 | 47.4 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .