JPME vs. QVMM ETF Comparison

Comparison of JPMorgan Diversified Return U.S. Mid Cap Equity ETF (JPME) to Invesco S&P MidCap 400 QVM Multi-factor ETF (QVMM)

JPME

JPMorgan Diversified Return U.S. Mid Cap Equity ETF

JPME Description

The investment seeks investment results that closely correspond, before fees and expenses, to the performance of the Russell Midcap Diversified Factor Index. The fund will invest at least 80% of its net assets in securities included in the underlying index. It may invest up to 20% of its assets in exchange-traded futures to seek performance that corresponds to the underlying index. The underlying index is comprised of U.S. equity securities selected to represent a diversified set of factor characteristics, originally developed by the adviser.

Grade (RS Rating)

Last Trade

$109.93

Average Daily Volume

10,028

Number of Holdings ^*

338

* may have additional holdings in another (foreign) market

QVMM

Invesco S&P MidCap 400 QVM Multi-factor ETF

QVMM Description

The investment seeks to track the investment results of the S&P MidCap 400 ® Quality, Value & Momentum Top 90% Multi- Factor Index (the “underlying index”). The fund will invest at least 90% of its total assets in the securities that comprise the index. S&P Dow Jones Indices LLC compiles, maintains and calculates the index, which is designed to track the performance of a subset of securities from the S&P MidCap 400 ® Index that exhibit the investment style criteria of quality, value and momentum. The index is composed of securities with multi-factor scores representing the top 90% of the parent index, as determined by the index provider. It is non-diversified.

Grade (RS Rating)

Last Trade

$30.95

Average Daily Volume

1,061

Number of Holdings ^*

352

* may have additional holdings in another (foreign) market

Performance

Period	JPME	QVMM
30 Days	5.14%	7.21%
60 Days	5.14%	7.30%
90 Days	7.46%	8.34%
12 Months	30.14%	33.49%

130 Overlapping Holdings

	Symbol	Grade	Weight in JPME	Weight in QVMM	Overlap
	ACHC	F	0.17%	0.14%	0.14%
	AFG	A	0.19%	0.33%	0.19%
	ALLY	C	0.11%	0.46%	0.11%
	AM	A	0.4%	0.19%	0.19%
	AMH	D	0.26%	0.42%	0.26%
	AN	C	0.32%	0.16%	0.16%
	AR	B	0.3%	0.32%	0.3%
	ASH	D	0.26%	0.15%	0.15%
	ATR	B	0.01%	0.42%	0.01%
	AVT	C	0.14%	0.18%	0.14%
	AYI	B	0.09%	0.36%	0.09%
	BRBR	A	0.36%	0.32%	0.32%
	BRKR	D	0.2%	0.2%	0.2%
	BRX	A	0.4%	0.3%	0.3%
	BYD	C	0.27%	0.18%	0.18%
	CACI	D	0.4%	0.4%	0.4%
	CASY	A	0.41%	0.52%	0.41%
	CHE	D	0.33%	0.31%	0.31%
	CIEN	B	0.51%	0.38%	0.38%
	CLF	F	0.28%	0.22%	0.22%
	CLH	B	0.41%	0.46%	0.41%
	CNM	D	0.35%	0.31%	0.31%
	CNXC	F	0.06%	0.07%	0.06%
	COKE	C	0.34%	0.21%	0.21%
	CR	A	0.05%	0.32%	0.05%
	CRI	D	0.04%	0.07%	0.04%
	CROX	D	0.22%	0.24%	0.22%
	CRUS	D	0.27%	0.2%	0.2%
	CSL	C	0.42%	0.8%	0.42%
	CUBE	D	0.35%	0.37%	0.35%
	CUZ	B	0.15%	0.16%	0.15%
	CXT	B	0.1%	0.1%	0.1%
	DINO	D	0.35%	0.25%	0.25%
	DKS	C	0.36%	0.47%	0.36%
	DLB	B	0.22%	0.16%	0.16%
	DTM	B	0.5%	0.36%	0.36%
	EGP	F	0.23%	0.29%	0.23%
	EHC	B	0.42%	0.36%	0.36%
	EME	C	0.38%	0.84%	0.38%
	EPR	D	0.33%	0.12%	0.12%
	EXEL	B	0.43%	0.35%	0.35%
	EXP	A	0.21%	0.38%	0.21%
	FBIN	D	0.32%	0.33%	0.32%
	FLO	D	0.26%	0.15%	0.15%
	FNB	A	0.07%	0.23%	0.07%
	FNF	B	0.18%	0.57%	0.18%
	FR	D	0.23%	0.25%	0.23%
	FYBR	D	0.37%	0.22%	0.22%
	GGG	B	0.35%	0.54%	0.35%
	GLPI	C	0.36%	0.47%	0.36%
	GNTX	C	0.3%	0.26%	0.26%
	HOG	D	0.02%	0.15%	0.02%
	HRB	D	0.33%	0.29%	0.29%
	HXL	D	0.05%	0.18%	0.05%
	IDA	A	0.24%	0.2%	0.2%
	INGR	B	0.42%	0.34%	0.34%
	ITT	A	0.17%	0.47%	0.17%
	JAZZ	B	0.26%	0.3%	0.26%
	JEF	A	0.49%	0.47%	0.47%
	JLL	D	0.38%	0.44%	0.38%
	KRC	C	0.29%	0.15%	0.15%
	LAMR	D	0.39%	0.4%	0.39%
	LECO	B	0.3%	0.46%	0.3%
	LPX	B	0.27%	0.26%	0.26%
	LSTR	D	0.3%	0.24%	0.24%
	M	D	0.14%	0.16%	0.14%
	MANH	D	0.37%	0.6%	0.37%
	MEDP	D	0.28%	0.29%	0.28%
	MSM	C	0.33%	0.15%	0.15%
	MTG	C	0.37%	0.24%	0.24%
	NBIX	C	0.25%	0.46%	0.25%
	NEU	C	0.3%	0.14%	0.14%
	NFG	A	0.36%	0.19%	0.19%
	NNN	D	0.22%	0.26%	0.22%
	NSA	D	0.09%	0.1%	0.09%
	NVST	B	0.05%	0.13%	0.05%
	NVT	B	0.18%	0.46%	0.18%
	NXST	C	0.36%	0.19%	0.19%
	OC	A	0.41%	0.63%	0.41%
	OGE	B	0.4%	0.29%	0.29%
	OHI	C	0.38%	0.34%	0.34%
	OLN	D	0.28%	0.19%	0.19%
	ORI	A	0.4%	0.35%	0.35%
	OVV	B	0.27%	0.44%	0.27%
	PAG	B	0.35%	0.13%	0.13%
	PB	A	0.07%	0.28%	0.07%
	PFGC	B	0.4%	0.49%	0.4%
	PK	B	0.33%	0.12%	0.12%
	POST	C	0.35%	0.19%	0.19%
	PPC	C	0.42%	0.08%	0.08%
	PR	B	0.4%	0.3%	0.3%
	PRI	A	0.22%	0.38%	0.22%
	R	B	0.27%	0.28%	0.27%
	RBC	A	0.31%	0.33%	0.31%
	REXR	F	0.18%	0.32%	0.18%
	RGA	A	0.41%	0.56%	0.41%
	RGLD	C	0.29%	0.33%	0.29%
	RPM	A	0.41%	0.61%	0.41%
	RRC	B	0.29%	0.29%	0.29%
	RS	B	0.37%	0.66%	0.37%
	RYN	D	0.14%	0.14%	0.14%
	SAIC	F	0.28%	0.22%	0.22%
	SAM	C	0.28%	0.1%	0.1%
	SCI	B	0.15%	0.43%	0.15%
	SLGN	A	0.1%	0.16%	0.1%
	SLM	A	0.17%	0.2%	0.17%
	SNX	C	0.28%	0.35%	0.28%
	SON	D	0.14%	0.18%	0.14%
	STAG	F	0.28%	0.24%	0.24%
	STWD	C	0.23%	0.22%	0.22%
	THC	D	0.4%	0.59%	0.4%
	THO	B	0.13%	0.23%	0.13%
	TKR	D	0.35%	0.18%	0.18%
	TNL	A	0.07%	0.14%	0.07%
	TOL	B	0.42%	0.59%	0.42%
	TPL	A	0.44%	0.99%	0.44%
	TXRH	C	0.43%	0.49%	0.43%
	UGI	A	0.37%	0.18%	0.18%
	UNM	A	0.5%	0.47%	0.47%
	USFD	A	0.43%	0.54%	0.43%
	UTHR	C	0.42%	0.64%	0.42%
	VVV	F	0.36%	0.21%	0.21%
	WEN	D	0.13%	0.11%	0.11%
	WLK	D	0.31%	0.15%	0.15%
	WPC	D	0.22%	0.41%	0.22%
	WSM	B	0.31%	0.59%	0.31%
	WU	D	0.04%	0.13%	0.04%
	X	C	0.33%	0.32%	0.32%
	XRAY	F	0.09%	0.13%	0.09%
	ZION	B	0.09%	0.34%	0.09%

JPME Overweight 208 Positions Relative to QVMM

	Symbol	Grade	Weight
	APP	B	1.27%
	VST	B	0.71%
	ALSN	B	0.51%
	SYF	B	0.51%
	TRGP	B	0.49%
	KMI	A	0.48%
	AMP	A	0.48%
	CMI	A	0.47%
	WMB	A	0.47%
	PWR	A	0.46%
	OMF	A	0.45%
	OKE	A	0.45%
	NRG	B	0.45%
	IP	B	0.45%
	ETR	B	0.45%
	CBRE	B	0.44%
	LNG	B	0.44%
	SNA	A	0.44%
	GRMN	B	0.44%
	TPR	B	0.43%
	FCNCA	A	0.43%
	GWW	B	0.43%
	HUBB	B	0.43%
	ATO	A	0.42%
	STLD	B	0.42%
	KR	B	0.42%
	TAP	C	0.42%
	CF	B	0.41%
	MRO	B	0.41%
	HBAN	A	0.41%
	NI	A	0.41%
	SPG	B	0.41%
	PEG	A	0.41%
	XEL	A	0.41%
	LDOS	C	0.41%
	FAST	B	0.41%
	PKG	A	0.41%
	EVRG	A	0.4%
	CAH	B	0.4%
	LITE	B	0.4%
	PCG	A	0.39%
	DGX	A	0.39%
	WEC	A	0.39%
	AME	A	0.39%
	TYL	C	0.39%
	IRM	D	0.39%
	PNW	B	0.39%
	COR	B	0.39%
	EMN	D	0.39%
	PPL	B	0.39%
	ESI	A	0.39%
	CHTR	C	0.39%
	JNPR	F	0.38%
	VTRS	A	0.38%
	IT	C	0.38%
	AFL	B	0.38%
	DECK	A	0.38%
	K	A	0.38%
	DVA	B	0.38%
	LNT	A	0.38%
	FANG	D	0.38%
	HIG	B	0.38%
	AVB	B	0.38%
	DTE	C	0.37%
	REG	B	0.37%
	NVR	D	0.37%
	SPB	C	0.37%
	ROKU	D	0.37%
	AJG	B	0.37%
	CMS	C	0.37%
	PHM	D	0.37%
	RMD	C	0.36%
	LEN	D	0.36%
	EIX	B	0.36%
	TSN	B	0.36%
	KIM	A	0.36%
	CLX	B	0.35%
	ED	D	0.35%
	FE	C	0.35%
	SSNC	B	0.35%
	CBOE	B	0.35%
	TSCO	D	0.34%
	ANSS	B	0.34%
	BLDR	D	0.34%
	NTAP	C	0.34%
	HPE	B	0.34%
	KVUE	A	0.33%
	CTRA	B	0.33%
	DHI	D	0.33%
	UHS	D	0.33%
	VICI	C	0.33%
	GEN	B	0.33%
	CHD	B	0.33%
	BG	F	0.33%
	STE	F	0.32%
	LH	C	0.32%
	CPB	D	0.32%
	JBL	B	0.32%
	HST	C	0.32%
	GIS	D	0.32%
	HOLX	D	0.32%
	ESS	B	0.31%
	ROST	C	0.31%
	WY	D	0.31%
	EG	C	0.31%
	MTB	A	0.31%
	NUE	C	0.31%
	CAG	D	0.31%
	MAS	D	0.31%
	LYB	F	0.31%
	HIW	D	0.3%
	AVY	D	0.3%
	BPOP	B	0.3%
	ACI	C	0.3%
	HPQ	A	0.3%
	CTVA	C	0.3%
	DOX	D	0.3%
	EQR	B	0.29%
	A	D	0.29%
	IFF	D	0.29%
	MOS	F	0.29%
	SJM	D	0.29%
	MOH	F	0.29%
	HSIC	B	0.29%
	BBY	D	0.29%
	ADM	D	0.29%
	VEEV	C	0.28%
	EXC	C	0.28%
	IQV	D	0.28%
	MKC	D	0.28%
	OMC	C	0.28%
	WST	C	0.28%
	AOS	F	0.28%
	PAYX	C	0.27%
	DVN	F	0.27%
	MPWR	F	0.27%
	INCY	C	0.27%
	FRPT	B	0.27%
	SYY	B	0.27%
	TER	D	0.27%
	HRL	D	0.26%
	DRI	B	0.26%
	CDW	F	0.26%
	MAA	B	0.25%
	CNC	D	0.25%
	SMG	D	0.25%
	UI	A	0.25%
	QGEN	D	0.25%
	RVTY	F	0.25%
	L	A	0.25%
	HAL	C	0.25%
	CWEN	C	0.24%
	IRDM	D	0.24%
	SWKS	F	0.24%
	AGO	B	0.24%
	ON	D	0.24%
	MGM	D	0.23%
	EXPD	D	0.22%
	HUN	F	0.22%
	MCHP	F	0.21%
	HSY	F	0.21%
	RPRX	D	0.21%
	FMC	D	0.21%
	CPT	B	0.2%
	FITB	A	0.19%
	CE	F	0.19%
	GLW	B	0.18%
	REYN	D	0.18%
	FRT	B	0.18%
	BKR	B	0.18%
	RF	A	0.17%
	KEYS	A	0.17%
	BRO	B	0.17%
	ELAN	D	0.16%
	AXS	A	0.15%
	APA	D	0.14%
	PINC	B	0.14%
	DFS	B	0.14%
	BAH	F	0.14%
	POOL	C	0.13%
	TXT	D	0.13%
	WTM	A	0.13%
	BWA	D	0.13%
	AKAM	D	0.12%
	QRVO	F	0.12%
	CFG	B	0.11%
	KEY	B	0.1%
	ACGL	D	0.1%
	LBRDK	C	0.09%
	TFX	F	0.08%
	GEHC	F	0.07%
	RHI	B	0.07%
	CMA	A	0.07%
	TECH	D	0.06%
	NDSN	B	0.06%
	GO	C	0.06%
	IEX	B	0.05%
	PFG	D	0.05%
	BIIB	F	0.04%
	VIRT	B	0.04%
	IPG	D	0.03%
	ADTN	A	0.03%
	FTRE	D	0.03%
	PAYC	B	0.03%
	AEE	A	0.02%
	KSS	F	0.01%
	CC	C	0.0%
	CNA	B	0.0%

JPME Underweight 222 Positions Relative to QVMM

	Symbol	Grade	Weight
	LII	A	-0.73%
	IBKR	A	-0.71%
	XPO	B	-0.68%
	BURL	A	-0.61%
	RBA	A	-0.61%
	WSO	A	-0.61%
	FIX	A	-0.59%
	PSTG	D	-0.58%
	EQH	B	-0.56%
	EWBC	A	-0.55%
	ACM	B	-0.54%
	SFM	A	-0.52%
	CW	B	-0.51%
	COHR	B	-0.49%
	AVTR	F	-0.49%
	RNR	C	-0.48%
	BMRN	D	-0.47%
	RRX	B	-0.46%
	SAIA	B	-0.45%
	BLD	D	-0.44%
	SF	B	-0.44%
	BWXT	B	-0.44%
	BJ	A	-0.42%
	FHN	A	-0.42%
	FND	C	-0.41%
	LAD	A	-0.41%
	KNSL	B	-0.4%
	DUOL	A	-0.4%
	WBS	A	-0.39%
	EVR	B	-0.39%
	TTEK	F	-0.39%
	AIT	A	-0.38%
	AA	B	-0.38%
	CCK	C	-0.38%
	PNFP	B	-0.37%
	WWD	B	-0.37%
	TPX	B	-0.36%
	HLI	B	-0.35%
	MUSA	A	-0.35%
	WING	D	-0.34%
	GMED	A	-0.34%
	DCI	B	-0.34%
	WTRG	B	-0.34%
	TTC	D	-0.34%
	WCC	B	-0.34%
	WMS	D	-0.34%
	FLR	B	-0.34%
	ARMK	B	-0.34%
	NYT	C	-0.33%
	CHDN	B	-0.33%
	KNX	B	-0.33%
	AAON	B	-0.33%
	AXTA	A	-0.33%
	CFR	B	-0.33%
	GPK	C	-0.32%
	CHRD	D	-0.32%
	PCTY	B	-0.32%
	MORN	B	-0.32%
	KBR	F	-0.32%
	WTFC	A	-0.32%
	MTZ	B	-0.31%
	SNV	B	-0.31%
	UFPI	B	-0.31%
	HQY	B	-0.31%
	ONTO	D	-0.31%
	CBSH	A	-0.31%
	SKX	D	-0.3%
	SSB	B	-0.3%
	FLS	B	-0.3%
	SSD	D	-0.29%
	SEIC	B	-0.29%
	ANF	C	-0.29%
	GME	C	-0.29%
	LNW	D	-0.29%
	KEX	C	-0.28%
	WH	B	-0.28%
	MIDD	C	-0.28%
	CVLT	B	-0.28%
	BERY	B	-0.28%
	DAR	C	-0.28%
	OSK	B	-0.28%
	CMC	B	-0.27%
	G	B	-0.27%
	TREX	C	-0.27%
	VOYA	B	-0.27%
	RGEN	D	-0.27%
	ESAB	B	-0.27%
	ALV	C	-0.27%
	MTDR	B	-0.27%
	TMHC	B	-0.27%
	ADC	B	-0.26%
	GXO	B	-0.26%
	VMI	B	-0.26%
	CGNX	C	-0.26%
	MASI	A	-0.26%
	LSCC	D	-0.26%
	HALO	F	-0.26%
	CADE	B	-0.26%
	H	B	-0.26%
	MTSI	B	-0.26%
	ONB	B	-0.26%
	RYAN	B	-0.26%
	EXLS	B	-0.26%
	WEX	D	-0.26%
	GBCI	B	-0.25%
	WFRD	D	-0.25%
	FCN	D	-0.25%
	NOV	C	-0.25%
	RLI	B	-0.25%
	VNT	B	-0.24%
	KD	B	-0.24%
	MAT	D	-0.24%
	MSA	D	-0.24%
	LFUS	F	-0.24%
	OLED	D	-0.24%
	COLB	A	-0.24%
	DOCS	C	-0.23%
	CHX	C	-0.23%
	FAF	A	-0.23%
	ARW	D	-0.23%
	NOVT	D	-0.23%
	WHR	B	-0.23%
	VNO	B	-0.23%
	LEA	D	-0.22%
	ESNT	D	-0.22%
	RMBS	C	-0.22%
	ALTR	B	-0.22%
	PVH	C	-0.22%
	CBT	C	-0.22%
	SIGI	C	-0.22%
	JHG	A	-0.22%
	AMG	B	-0.22%
	KRG	B	-0.21%
	THG	A	-0.21%
	WTS	B	-0.21%
	HOMB	A	-0.21%
	CNX	A	-0.21%
	KBH	D	-0.21%
	UBSI	B	-0.21%
	QLYS	C	-0.2%
	BC	C	-0.2%
	HWC	B	-0.2%
	GATX	A	-0.2%
	LNTH	D	-0.2%
	AGCO	D	-0.2%
	MUR	D	-0.19%
	MMS	F	-0.19%
	KNF	A	-0.19%
	GAP	B	-0.19%
	BDC	B	-0.19%
	FFIN	B	-0.19%
	CIVI	D	-0.19%
	OZK	B	-0.19%
	ST	F	-0.19%
	UMBF	B	-0.19%
	AVNT	B	-0.18%
	LOPE	B	-0.18%
	APPF	B	-0.18%
	EXPO	D	-0.18%
	OLLI	D	-0.18%
	POR	C	-0.17%
	IRT	A	-0.17%
	WMG	C	-0.17%
	SWX	B	-0.17%
	HAE	C	-0.17%
	EEFT	B	-0.17%
	KMPR	B	-0.16%
	ASGN	F	-0.16%
	CNO	A	-0.16%
	CELH	F	-0.16%
	VLY	B	-0.16%
	NJR	A	-0.16%
	PNM	F	-0.15%
	ENS	D	-0.15%
	BKH	A	-0.15%
	ORA	B	-0.15%
	UAA	C	-0.15%
	BCO	D	-0.15%
	ASB	B	-0.15%
	PII	D	-0.14%
	SR	A	-0.14%
	ROIV	C	-0.14%
	PRGO	B	-0.14%
	TEX	D	-0.14%
	SBRA	C	-0.14%
	IBOC	A	-0.14%
	OGS	A	-0.14%
	TCBI	B	-0.14%
	PBF	D	-0.13%
	LANC	C	-0.13%
	SLAB	D	-0.13%
	ALE	A	-0.13%
	OPCH	D	-0.13%
	VAC	B	-0.12%
	NWE	A	-0.12%
	SYNA	C	-0.12%
	FHI	A	-0.12%
	PCH	D	-0.12%
	CDP	C	-0.12%
	VAL	D	-0.12%
	GHC	C	-0.12%
	BHF	B	-0.12%
	YETI	C	-0.12%
	LIVN	F	-0.11%
	ZI	D	-0.11%
	GT	C	-0.11%
	MAN	D	-0.11%
	NEOG	F	-0.11%
	HGV	B	-0.11%
	RCM	F	-0.1%
	COLM	B	-0.1%
	VC	D	-0.1%
	COTY	F	-0.1%
	AMKR	D	-0.1%
	NSP	D	-0.1%
	ENOV	C	-0.09%
	AZTA	D	-0.09%
	VSH	D	-0.08%
	JWN	C	-0.08%
	IPGP	D	-0.08%
	CPRI	F	-0.07%
	GEF	A	-0.06%

JPME: Top Represented Industries & Keywords

Industries: Utilities - Regulated Electric Packaged Foods Banks - Regional - US Oil & Gas E&P Biotechnology Diagnostics & Research Diversified Industrials Specialty Chemicals Medical Instruments & Supplies REIT - Retail Software - Application Communication Equipment Information Technology Services Medical Care Oil & Gas Midstream Packaging & Containers REIT - Diversified REIT - Industrial REIT - Residential Semiconductors

Keywords: S&P 500 Natural Gas Real Estate Investment Trust Electricity Insurance Electronics Nasdaq 100 Bank Computing Aerospace Chemical Banking Insurance Products Disability Mining Plastic Semiconductor Biotechnology Food Products Real Estate Market

QVMM: Top Represented Industries & Keywords

Industries: Banks - Regional - US Diversified Industrials Business Services Oil & Gas E&P Biotechnology Packaging & Containers Software - Application Specialty Chemicals Building Materials Engineering & Construction Asset Management Packaged Foods REIT - Diversified REIT - Industrial Semiconductors Apparel Manufacturing Insurance - Property & Casualty Medical Care REIT - Retail Scientific & Technical Instruments

Keywords: Bank Banking Mining Natural Gas Chemical Insurance Real Estate Investment Trust Electronics Aerospace Semiconductor Construction Beverage Deposit Products Supply Chain Management Commercial Banking Building Materials Computing Insurance Products Telecommunications Electricity