JPSE vs. SPSM ETF Comparison

Comparison of JPMorgan Diversified Return U.S. Small Cap Equity ETF (JPSE) to SPDR Portfolio Small Cap ETF (SPSM)

JPSE

JPMorgan Diversified Return U.S. Small Cap Equity ETF

JPSE Description

The Fund seeks investment results that closely correspond, before fees and expenses, to the performance of the Russell 2000 Diversified Factor Index.

Grade (RS Rating)

Last Trade

$45.18

Average Daily Volume

43,884

Number of Holdings ^*

533

* may have additional holdings in another (foreign) market

SPSM

SPDR Portfolio Small Cap ETF

SPSM Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the SSGA Small Cap Index that tracks the performance of small capitalization exchange traded U.S. equity securities. The fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. It may purchase a subset of the securities in the index in an effort to hold a portfolio of securities with generally the same risk and return characteristics of the index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$42.94

Average Daily Volume

1,563,316

Number of Holdings ^*

577

* may have additional holdings in another (foreign) market

Performance

Period	JPSE	SPSM
30 Days	2.26%	2.43%
60 Days	4.16%	3.92%
90 Days	3.73%	3.69%
12 Months	13.67%	14.52%

323 Overlapping Holdings

	Symbol	Grade	Weight in JPSE	Weight in SPSM	Overlap
	AAT	B	0.23%	0.1%	0.1%
	ABCB	B	0.28%	0.31%	0.28%
	ABG	D	0.12%	0.38%	0.12%
	ABM	C	0.2%	0.28%	0.2%
	ABR	B	0.17%	0.2%	0.17%
	ACA	D	0.31%	0.34%	0.31%
	ACLS	F	0.13%	0.28%	0.13%
	ADUS	B	0.24%	0.18%	0.18%
	AEIS	D	0.25%	0.31%	0.25%
	AEO	D	0.2%	0.31%	0.2%
	AGYS	C	0.31%	0.17%	0.17%
	AHCO	A	0.07%	0.07%	0.07%
	AIN	D	0.13%	0.23%	0.13%
	AKR	B	0.36%	0.18%	0.18%
	ALEX	B	0.16%	0.11%	0.11%
	ALKS	B	0.17%	0.37%	0.17%
	ALRM	F	0.12%	0.23%	0.12%
	AMPH	C	0.23%	0.14%	0.14%
	AMR	F	0.18%	0.21%	0.18%
	AMWD	D	0.06%	0.11%	0.06%
	ANDE	D	0.27%	0.12%	0.12%
	ANIP	D	0.2%	0.07%	0.07%
	AOSL	D	0.02%	0.08%	0.02%
	APAM	D	0.29%	0.23%	0.23%
	APLE	F	0.22%	0.25%	0.22%
	APOG	C	0.2%	0.11%	0.11%
	ARCB	F	0.21%	0.19%	0.19%
	ARCH	F	0.17%	0.18%	0.17%
	ARI	C	0.18%	0.11%	0.11%
	AROC	D	0.3%	0.23%	0.23%
	ASIX	B	0.12%	0.06%	0.06%
	ASO	C	0.22%	0.31%	0.22%
	ASTH	B	0.25%	0.16%	0.16%
	ATEN	D	0.15%	0.07%	0.07%
	AUB	B	0.12%	0.27%	0.12%
	AVA	B	0.32%	0.23%	0.23%
	AVNS	B	0.07%	0.09%	0.07%
	AWR	B	0.15%	0.24%	0.15%
	AX	C	0.23%	0.27%	0.23%
	AZZ	C	0.16%	0.18%	0.16%
	B	D	0.05%	0.16%	0.05%
	BANF	B	0.08%	0.12%	0.08%
	BCC	C	0.31%	0.42%	0.31%
	BCPC	C	0.32%	0.43%	0.32%
	BDN	B	0.22%	0.07%	0.07%
	BGS	C	0.19%	0.05%	0.05%
	BHE	C	0.24%	0.12%	0.12%
	BKE	B	0.3%	0.1%	0.1%
	BLMN	F	0.15%	0.12%	0.12%
	BMI	C	0.31%	0.47%	0.31%
	BRKL	B	0.0%	0.07%	0.0%
	BSIG	C	0.09%	0.05%	0.05%
	BXMT	C	0.04%	0.24%	0.04%
	CABO	F	0.19%	0.13%	0.13%
	CAL	B	0.04%	0.11%	0.04%
	CALM	B	0.34%	0.23%	0.23%
	CALX	D	0.17%	0.17%	0.17%
	CARG	B	0.21%	0.17%	0.17%
	CARS	D	0.06%	0.08%	0.06%
	CASH	A	0.08%	0.13%	0.08%
	CATY	B	0.19%	0.25%	0.19%
	CCOI	A	0.29%	0.24%	0.24%
	CCRN	F	0.05%	0.04%	0.04%
	CCS	B	0.13%	0.22%	0.13%
	CEIX	D	0.24%	0.2%	0.2%
	CENTA	D	0.17%	0.14%	0.14%
	CENX	F	0.15%	0.06%	0.06%
	CHCO	B	0.06%	0.14%	0.06%
	CHCT	F	0.05%	0.04%	0.04%
	CHEF	B	0.06%	0.12%	0.06%
	CHUY	A	0.01%	0.05%	0.01%
	CLW	F	0.16%	0.04%	0.04%
	CNMD	C	0.16%	0.17%	0.16%
	CNS	B	0.08%	0.18%	0.08%
	CNSL	A	0.1%	0.03%	0.03%
	CNXN	B	0.18%	0.06%	0.06%
	COHU	F	0.19%	0.09%	0.09%
	COLL	B	0.29%	0.09%	0.09%
	COOP	B	0.32%	0.46%	0.32%
	CORT	B	0.3%	0.25%	0.25%
	CPK	A	0.31%	0.2%	0.2%
	CPRX	B	0.36%	0.18%	0.18%
	CRC	D	0.18%	0.26%	0.18%
	CRK	D	0.15%	0.08%	0.08%
	CRS	B	0.42%	0.54%	0.42%
	CRVL	B	0.36%	0.22%	0.22%
	CSGS	C	0.14%	0.11%	0.11%
	CTRE	A	0.34%	0.33%	0.33%
	CTS	D	0.2%	0.11%	0.11%
	CVI	F	0.14%	0.06%	0.06%
	CWK	B	0.07%	0.2%	0.07%
	CWT	B	0.22%	0.25%	0.22%
	CXW	D	0.26%	0.12%	0.12%
	DEA	A	0.2%	0.11%	0.11%
	DEI	B	0.23%	0.21%	0.21%
	DFIN	B	0.08%	0.13%	0.08%
	DGII	B	0.21%	0.08%	0.08%
	DIOD	F	0.2%	0.24%	0.2%
	DNOW	D	0.07%	0.11%	0.07%
	DORM	B	0.07%	0.24%	0.07%
	DRH	D	0.2%	0.14%	0.14%
	DVAX	C	0.19%	0.11%	0.11%
	DXPE	B	0.02%	0.05%	0.02%
	ECPG	C	0.01%	0.09%	0.01%
	EFC	B	0.26%	0.09%	0.09%
	EIG	B	0.17%	0.09%	0.09%
	ENR	B	0.28%	0.17%	0.17%
	ENSG	B	0.36%	0.65%	0.36%
	ENVA	B	0.3%	0.17%	0.17%
	EPC	C	0.29%	0.15%	0.15%
	EPRT	A	0.33%	0.43%	0.33%
	ETH	F	0.27%	0.06%	0.06%
	EVTC	D	0.11%	0.17%	0.11%
	EXPI	F	0.19%	0.08%	0.08%
	EXTR	C	0.23%	0.15%	0.15%
	FBP	B	0.17%	0.28%	0.17%
	FCF	B	0.07%	0.14%	0.07%
	FCPT	A	0.28%	0.2%	0.2%
	FDP	B	0.24%	0.08%	0.08%
	FELE	D	0.29%	0.32%	0.29%
	FFBC	B	0.12%	0.2%	0.12%
	FIZZ	D	0.25%	0.08%	0.08%
	FLGT	D	0.09%	0.04%	0.04%
	FN	C	0.3%	0.69%	0.3%
	FORM	F	0.25%	0.29%	0.25%
	FSS	D	0.26%	0.44%	0.26%
	FUL	C	0.3%	0.35%	0.3%
	FULT	C	0.15%	0.27%	0.15%
	FWRD	D	0.05%	0.08%	0.05%
	GEO	D	0.29%	0.14%	0.14%
	GFF	D	0.17%	0.19%	0.17%
	GIII	A	0.09%	0.08%	0.08%
	GMS	D	0.26%	0.28%	0.26%
	GNW	B	0.32%	0.24%	0.24%
	GOGO	D	0.16%	0.04%	0.04%
	GPI	B	0.35%	0.38%	0.35%
	GRBK	B	0.24%	0.15%	0.15%
	GTY	B	0.17%	0.12%	0.12%
	HAIN	B	0.07%	0.06%	0.06%
	HASI	B	0.24%	0.29%	0.24%
	HAYN	A	0.19%	0.06%	0.06%
	HCC	F	0.27%	0.25%	0.25%
	HCSG	D	0.04%	0.06%	0.04%
	HI	F	0.17%	0.17%	0.17%
	HLIT	B	0.33%	0.13%	0.13%
	HLX	D	0.27%	0.13%	0.13%
	HMN	B	0.04%	0.11%	0.04%
	HNI	B	0.26%	0.19%	0.19%
	HOPE	B	0.17%	0.12%	0.12%
	HPP	D	0.1%	0.05%	0.05%
	HRMY	B	0.11%	0.09%	0.09%
	HSII	B	0.06%	0.06%	0.06%
	HTH	C	0.22%	0.12%	0.12%
	HUBG	B	0.06%	0.22%	0.06%
	HVT	D	0.16%	0.03%	0.03%
	HWKN	B	0.09%	0.18%	0.09%
	IBP	D	0.26%	0.4%	0.26%
	ICHR	F	0.09%	0.08%	0.08%
	IDCC	B	0.33%	0.27%	0.27%
	IIPR	B	0.33%	0.27%	0.27%
	INN	B	0.1%	0.06%	0.06%
	INVA	B	0.3%	0.08%	0.08%
	IOSP	D	0.26%	0.22%	0.22%
	IPAR	D	0.12%	0.17%	0.12%
	IRWD	F	0.03%	0.05%	0.03%
	ITGR	A	0.31%	0.33%	0.31%
	JBSS	D	0.21%	0.06%	0.06%
	JJSF	C	0.27%	0.2%	0.2%
	JOE	C	0.31%	0.16%	0.16%
	JXN	C	0.36%	0.45%	0.36%
	KALU	F	0.15%	0.09%	0.09%
	KFY	C	0.15%	0.29%	0.15%
	KLG	B	0.14%	0.09%	0.09%
	KLIC	F	0.21%	0.18%	0.18%
	KOP	D	0.22%	0.06%	0.06%
	KREF	A	0.04%	0.05%	0.04%
	KTB	B	0.21%	0.28%	0.21%
	KWR	D	0.18%	0.18%	0.18%
	LBRT	D	0.21%	0.24%	0.21%
	LCII	B	0.15%	0.24%	0.15%
	LGND	B	0.3%	0.14%	0.14%
	LPG	F	0.24%	0.1%	0.1%
	LTC	A	0.3%	0.12%	0.12%
	LUMN	B	0.89%	0.42%	0.42%
	LXP	B	0.22%	0.24%	0.22%
	LZB	C	0.33%	0.13%	0.13%
	MAC	B	0.28%	0.26%	0.26%
	MATV	B	0.23%	0.08%	0.08%
	MATX	C	0.33%	0.36%	0.33%
	MC	B	0.29%	0.37%	0.29%
	MGEE	B	0.22%	0.24%	0.22%
	MGPI	B	0.23%	0.11%	0.11%
	MGY	D	0.26%	0.36%	0.26%
	MHO	B	0.35%	0.35%	0.35%
	MLI	B	0.37%	0.62%	0.37%
	MLKN	D	0.16%	0.16%	0.16%
	MMI	B	0.02%	0.07%	0.02%
	MMSI	A	0.32%	0.43%	0.32%
	MOG.A	C	0.12%	0.43%	0.12%
	MOV	F	0.1%	0.03%	0.03%
	MSEX	B	0.09%	0.09%	0.09%
	MTH	B	0.3%	0.56%	0.3%
	MTRN	D	0.25%	0.19%	0.19%
	MTUS	F	0.19%	0.05%	0.05%
	MTX	D	0.26%	0.19%	0.19%
	MXL	F	0.02%	0.07%	0.02%
	MYE	D	0.04%	0.04%	0.04%
	MYGN	B	0.1%	0.2%	0.1%
	NAVI	C	0.25%	0.1%	0.1%
	NBTB	B	0.17%	0.18%	0.17%
	NEO	B	0.09%	0.16%	0.09%
	NGVT	F	0.13%	0.1%	0.1%
	NHC	B	0.08%	0.14%	0.08%
	NMIH	B	0.26%	0.25%	0.25%
	NOG	D	0.14%	0.28%	0.14%
	NPK	D	0.05%	0.03%	0.03%
	NPO	D	0.23%	0.26%	0.23%
	NSIT	C	0.31%	0.46%	0.31%
	NTCT	C	0.16%	0.12%	0.12%
	NUS	F	0.05%	0.03%	0.03%
	NWBI	B	0.17%	0.14%	0.14%
	NWN	B	0.26%	0.12%	0.12%
	NX	D	0.05%	0.1%	0.05%
	ODP	F	0.13%	0.07%	0.07%
	OFG	B	0.26%	0.17%	0.17%
	OMCL	A	0.1%	0.16%	0.1%
	OMI	C	0.14%	0.09%	0.09%
	OTTR	D	0.28%	0.28%	0.28%
	OXM	F	0.11%	0.1%	0.1%
	PARR	F	0.15%	0.09%	0.09%
	PATK	B	0.33%	0.21%	0.21%
	PBH	A	0.3%	0.29%	0.29%
	PBI	C	0.1%	0.09%	0.09%
	PCRX	F	0.02%	0.05%	0.02%
	PDCO	F	0.13%	0.14%	0.13%
	PEB	D	0.16%	0.12%	0.12%
	PECO	A	0.28%	0.35%	0.28%
	PLAB	F	0.25%	0.12%	0.12%
	PLUS	B	0.24%	0.19%	0.19%
	PLXS	B	0.31%	0.27%	0.27%
	PMT	C	0.18%	0.09%	0.09%
	PRDO	D	0.3%	0.11%	0.11%
	PRFT	A	0.1%	0.21%	0.1%
	PRG	B	0.13%	0.16%	0.13%
	PRGS	B	0.27%	0.2%	0.2%
	PSMT	B	0.07%	0.18%	0.07%
	PTEN	F	0.14%	0.22%	0.14%
	RC	F	0.13%	0.1%	0.1%
	RDN	B	0.34%	0.42%	0.34%
	RDNT	B	0.22%	0.34%	0.22%
	RES	F	0.04%	0.04%	0.04%
	REX	F	0.15%	0.05%	0.05%
	RGR	F	0.16%	0.06%	0.06%
	RNST	C	0.13%	0.17%	0.13%
	ROIC	B	0.24%	0.15%	0.15%
	RWT	B	0.11%	0.08%	0.08%
	SAFT	B	0.08%	0.1%	0.08%
	SANM	D	0.21%	0.3%	0.21%
	SATS	A	0.31%	0.18%	0.18%
	SCHL	D	0.05%	0.06%	0.05%
	SCL	D	0.17%	0.13%	0.13%
	SCSC	C	0.22%	0.1%	0.1%
	SCVL	B	0.3%	0.06%	0.06%
	SEM	D	0.3%	0.3%	0.3%
	SFNC	B	0.15%	0.21%	0.15%
	SHEN	F	0.16%	0.06%	0.06%
	SHO	D	0.26%	0.16%	0.16%
	SHOO	C	0.2%	0.24%	0.2%
	SIG	F	0.27%	0.29%	0.27%
	SJW	A	0.17%	0.13%	0.13%
	SKT	A	0.31%	0.26%	0.26%
	SKYW	D	0.15%	0.23%	0.15%
	SLG	B	0.28%	0.34%	0.28%
	SLP	F	0.11%	0.04%	0.04%
	SLVM	B	0.32%	0.21%	0.21%
	SM	D	0.27%	0.41%	0.27%
	SMPL	D	0.23%	0.22%	0.22%
	SNEX	C	0.09%	0.17%	0.09%
	SPSC	D	0.31%	0.57%	0.31%
	SPTN	A	0.18%	0.06%	0.06%
	SSTK	F	0.12%	0.06%	0.06%
	STAA	F	0.04%	0.12%	0.04%
	STC	B	0.33%	0.16%	0.16%
	STRA	D	0.19%	0.17%	0.17%
	SUPN	B	0.23%	0.15%	0.15%
	SVC	D	0.1%	0.06%	0.06%
	SXC	F	0.2%	0.06%	0.06%
	SXI	C	0.21%	0.16%	0.16%
	SXT	C	0.24%	0.25%	0.24%
	TDS	B	0.33%	0.18%	0.18%
	THRM	D	0.09%	0.12%	0.09%
	THS	A	0.11%	0.15%	0.11%
	TILE	B	0.23%	0.08%	0.08%
	TNC	D	0.01%	0.14%	0.01%
	TPH	B	0.26%	0.33%	0.26%
	TRMK	B	0.08%	0.16%	0.08%
	TRST	B	0.07%	0.05%	0.05%
	TTMI	D	0.25%	0.16%	0.16%
	UCTT	F	0.22%	0.13%	0.13%
	UE	B	0.33%	0.19%	0.19%
	UFPT	B	0.36%	0.18%	0.18%
	UNF	C	0.01%	0.22%	0.01%
	UNFI	A	0.14%	0.07%	0.07%
	UNIT	A	0.07%	0.08%	0.07%
	URBN	D	0.18%	0.16%	0.16%
	USNA	F	0.1%	0.04%	0.04%
	USPH	D	0.17%	0.1%	0.1%
	UVV	B	0.22%	0.1%	0.1%
	VGR	B	0.33%	0.16%	0.16%
	VIAV	C	0.21%	0.15%	0.15%
	VREX	F	0.1%	0.04%	0.04%
	VRTS	D	0.07%	0.11%	0.07%
	WAFD	B	0.23%	0.19%	0.19%
	WDFC	A	0.27%	0.27%	0.27%
	WGO	D	0.18%	0.14%	0.14%
	WHD	C	0.26%	0.3%	0.26%
	WNC	F	0.1%	0.07%	0.07%
	WOR	F	0.22%	0.11%	0.11%
	WSR	D	0.14%	0.05%	0.05%
	XHR	D	0.18%	0.11%	0.11%
	XRX	D	0.12%	0.1%	0.1%
	YELP	F	0.26%	0.18%	0.18%
	ZEUS	F	0.12%	0.03%	0.03%

JPSE Overweight 210 Positions Relative to SPSM

	Symbol	Grade	Weight
	SFM	B	0.39%
	LNTH	C	0.38%
	CNO	B	0.37%
	RDFN	B	0.37%
	NMRK	A	0.36%
	TMHC	B	0.35%
	IDT	B	0.34%
	NHI	A	0.34%
	ESNT	B	0.33%
	SBRA	A	0.33%
	BKH	A	0.32%
	PFSI	A	0.32%
	POR	B	0.32%
	CWST	C	0.32%
	CNX	B	0.32%
	AIT	C	0.32%
	KRG	B	0.32%
	ESRT	B	0.31%
	UFPI	D	0.31%
	LAUR	C	0.31%
	ONB	C	0.31%
	OGS	B	0.31%
	KBH	B	0.31%
	BNL	B	0.3%
	MMS	C	0.3%
	NJR	A	0.3%
	SR	B	0.3%
	TRNO	B	0.3%
	NOVT	C	0.3%
	AVNT	B	0.3%
	CMC	D	0.3%
	CBT	B	0.3%
	ALE	A	0.29%
	STRL	C	0.29%
	NWE	A	0.29%
	PDM	B	0.28%
	UBSI	B	0.28%
	ACLX	A	0.28%
	PRMW	A	0.28%
	OPCH	A	0.28%
	WTS	D	0.28%
	DHT	D	0.27%
	RHP	D	0.27%
	STNG	D	0.27%
	TPB	A	0.27%
	TGNA	D	0.27%
	LILAK	D	0.26%
	PCH	C	0.26%
	CVLT	B	0.25%
	UTZ	A	0.25%
	SWBI	D	0.25%
	GATX	C	0.24%
	IRT	B	0.24%
	INFN	A	0.24%
	TNK	D	0.24%
	QTWO	B	0.24%
	HLNE	B	0.23%
	SWX	D	0.23%
	ESGR	D	0.23%
	CSWI	C	0.23%
	LANC	D	0.23%
	INSW	D	0.23%
	CSTM	D	0.23%
	NTB	B	0.23%
	HQY	D	0.22%
	IMKTA	D	0.22%
	SGRY	B	0.22%
	HOMB	B	0.22%
	RLJ	F	0.22%
	CHX	D	0.22%
	VLY	C	0.21%
	VSH	F	0.21%
	WK	D	0.21%
	SCS	C	0.21%
	TNET	F	0.21%
	CRAI	D	0.21%
	CLFD	D	0.21%
	TROX	F	0.2%
	OEC	F	0.2%
	CDE	D	0.2%
	DBRG	F	0.2%
	EQC	A	0.2%
	OPEN	D	0.2%
	BDC	B	0.2%
	GSAT	C	0.2%
	LADR	B	0.19%
	HAE	F	0.19%
	RYI	F	0.19%
	MUR	F	0.19%
	ORA	C	0.19%
	WTTR	C	0.19%
	QLYS	F	0.19%
	POWI	F	0.19%
	IBOC	C	0.18%
	PBF	F	0.18%
	SMR	D	0.18%
	GEF	D	0.18%
	WMK	B	0.17%
	ASGN	D	0.17%
	MED	F	0.17%
	ASC	D	0.17%
	ANET	D	0.17%
	HE	F	0.17%
	ATKR	F	0.17%
	HWC	C	0.16%
	CMRE	D	0.16%
	UEC	F	0.16%
	RMBS	F	0.16%
	LXU	F	0.16%
	ACRE	F	0.16%
	ECVT	F	0.15%
	AGM	D	0.15%
	ARCT	F	0.15%
	MGRC	D	0.15%
	FUBO	D	0.15%
	SOI	B	0.15%
	GPOR	D	0.15%
	ACT	A	0.14%
	NTGR	B	0.14%
	VITL	D	0.14%
	HLF	F	0.14%
	AAOI	C	0.14%
	COMM	B	0.13%
	HOV	B	0.13%
	OCFC	B	0.13%
	NSP	F	0.13%
	VCTR	B	0.13%
	DX	A	0.13%
	RYAM	B	0.13%
	IGT	C	0.13%
	WSBC	B	0.13%
	EGHT	F	0.12%
	IVT	B	0.12%
	EXPO	B	0.12%
	ENS	D	0.12%
	GNK	D	0.11%
	SD	D	0.11%
	BZH	B	0.11%
	EE	D	0.11%
	ACCO	C	0.11%
	OSUR	F	0.1%
	PNTG	B	0.1%
	UMBF	B	0.1%
	BLKB	B	0.1%
	AVNW	F	0.1%
	CMCO	F	0.09%
	CSTL	A	0.09%
	BRY	F	0.09%
	RDUS	F	0.09%
	PGRE	C	0.09%
	FLNG	D	0.08%
	EAF	F	0.08%
	BXC	F	0.08%
	ZUMZ	B	0.08%
	IPI	D	0.08%
	DOLE	B	0.07%
	CWCO	F	0.07%
	SRCE	C	0.07%
	CTBI	B	0.06%
	FRME	C	0.06%
	METC	F	0.06%
	BUSE	B	0.06%
	MRC	D	0.05%
	MITK	F	0.05%
	WOW	B	0.05%
	MWA	C	0.05%
	TH	C	0.05%
	TK	D	0.05%
	ZYXI	F	0.05%
	EGY	D	0.05%
	RBCAA	B	0.05%
	KRO	D	0.05%
	MEI	F	0.05%
	VRNT	F	0.05%
	NAT	D	0.05%
	GRWG	F	0.04%
	ANF	D	0.04%
	GTN	F	0.04%
	SYNA	F	0.04%
	NNI	B	0.03%
	CSV	B	0.03%
	OSPN	B	0.03%
	CWH	C	0.03%
	THFF	B	0.03%
	AIV	B	0.03%
	VNDA	D	0.03%
	TRTX	C	0.03%
	PLL	F	0.03%
	LFMD	F	0.03%
	LWLG	F	0.03%
	NATR	F	0.03%
	CCSI	B	0.02%
	BOOM	F	0.02%
	CIX	B	0.02%
	SIGI	D	0.02%
	TG	B	0.02%
	GIC	F	0.02%
	RGP	F	0.02%
	ANIK	D	0.02%
	SRDX	D	0.02%
	AMPS	D	0.02%
	TRS	D	0.02%
	BH	D	0.01%
	CCBG	B	0.01%
	STHO	B	0.01%
	NR	D	0.01%
	HL	C	0.01%
	TBI	F	0.01%
	AVD	D	0.01%
	RBBN	D	0.0%

JPSE Underweight 254 Positions Relative to SPSM

	Symbol	Grade	Weight
	ATI	C	-0.63%
	CMA	B	-0.58%
	GKOS	B	-0.53%
	RHI	D	-0.51%
	VFC	B	-0.47%
	OGN	C	-0.45%
	AWI	C	-0.43%
	LNC	C	-0.43%
	AVAV	B	-0.42%
	KRYS	D	-0.4%
	ACIW	B	-0.4%
	SEE	D	-0.39%
	DY	D	-0.38%
	RUN	B	-0.36%
	ITRI	D	-0.36%
	BOX	A	-0.36%
	VRRM	D	-0.36%
	AL	D	-0.36%
	MARA	F	-0.36%
	ALK	D	-0.35%
	TDW	F	-0.33%
	AGO	D	-0.32%
	BOOT	B	-0.32%
	PIPR	B	-0.32%
	SHAK	C	-0.31%
	SFBS	B	-0.31%
	FTDR	B	-0.29%
	DXC	A	-0.29%
	BGC	B	-0.29%
	WD	B	-0.28%
	IAC	C	-0.28%
	UCBI	B	-0.28%
	GTES	C	-0.28%
	MSGS	B	-0.27%
	GVA	B	-0.26%
	BRC	B	-0.26%
	ICUI	B	-0.26%
	RXO	D	-0.26%
	HIW	B	-0.26%
	ENV	B	-0.25%
	HP	F	-0.25%
	WSFS	C	-0.25%
	RUSHA	C	-0.25%
	CBU	B	-0.25%
	LRN	B	-0.25%
	ESE	C	-0.24%
	FHB	C	-0.24%
	EAT	B	-0.24%
	CVCO	B	-0.24%
	CNK	A	-0.23%
	REZI	D	-0.23%
	AAP	F	-0.22%
	STEP	B	-0.22%
	PENN	F	-0.22%
	JBT	F	-0.22%
	ATGE	C	-0.22%
	TNDM	B	-0.22%
	BKU	B	-0.22%
	MPW	C	-0.21%
	TRN	C	-0.21%
	VIRT	A	-0.21%
	INDB	B	-0.21%
	BOH	B	-0.21%
	DV	F	-0.21%
	NWL	A	-0.21%
	SMTC	B	-0.21%
	PJT	C	-0.21%
	OII	C	-0.21%
	BL	D	-0.2%
	VCEL	C	-0.2%
	TBBK	B	-0.2%
	FL	D	-0.19%
	PLMR	B	-0.19%
	OUT	B	-0.19%
	SITM	C	-0.19%
	CVBF	D	-0.19%
	PFS	B	-0.19%
	PRK	B	-0.19%
	PPBI	C	-0.19%
	BTU	D	-0.19%
	PTGX	B	-0.19%
	NARI	D	-0.18%
	VSTO	C	-0.18%
	SBCF	B	-0.18%
	OSIS	C	-0.18%
	CWEN	B	-0.18%
	WERN	D	-0.18%
	AIR	D	-0.17%
	GSHD	A	-0.17%
	PHIN	B	-0.17%
	EPAC	C	-0.17%
	KSS	F	-0.17%
	LGIH	C	-0.17%
	HBI	B	-0.17%
	OI	C	-0.16%
	AMN	F	-0.16%
	KMT	D	-0.16%
	FTRE	F	-0.16%
	BANR	B	-0.16%
	IBTX	B	-0.16%
	PINC	A	-0.16%
	ROCK	D	-0.16%
	PRVA	D	-0.16%
	ALG	D	-0.15%
	GO	F	-0.15%
	MRCY	B	-0.15%
	VSCO	A	-0.15%
	DOCN	B	-0.15%
	NATL	D	-0.15%
	BANC	B	-0.15%
	VECO	F	-0.15%
	LMAT	B	-0.14%
	ROG	F	-0.14%
	VSTS	C	-0.14%
	TALO	F	-0.14%
	KAR	D	-0.14%
	HAYW	B	-0.14%
	CAKE	C	-0.14%
	KN	D	-0.13%
	STBA	B	-0.13%
	NBHC	B	-0.13%
	RAMP	F	-0.13%
	FOXF	F	-0.13%
	JBLU	D	-0.13%
	FBK	B	-0.13%
	GNL	A	-0.13%
	TRUP	B	-0.13%
	MYRG	F	-0.13%
	LEG	D	-0.13%
	MCY	B	-0.13%
	LKFN	B	-0.13%
	FBNC	B	-0.13%
	MODG	F	-0.12%
	POWL	C	-0.12%
	TRIP	F	-0.12%
	PZZA	C	-0.12%
	LNN	D	-0.11%
	WABC	C	-0.11%
	SPNT	B	-0.11%
	IART	F	-0.11%
	DAN	F	-0.11%
	CUBI	F	-0.11%
	JBGS	B	-0.11%
	SONO	F	-0.11%
	SEDG	F	-0.11%
	GBX	D	-0.11%
	KW	B	-0.1%
	SBH	B	-0.1%
	CERT	F	-0.1%
	VBTX	B	-0.1%
	CSR	B	-0.09%
	SABR	F	-0.09%
	SDGR	F	-0.09%
	BHLB	B	-0.09%
	VSAT	D	-0.09%
	ARLO	F	-0.09%
	NVEE	F	-0.09%
	UTL	B	-0.08%
	SBSI	B	-0.08%
	MCRI	A	-0.08%
	QNST	B	-0.08%
	PFBC	C	-0.08%
	SNDR	B	-0.08%
	PLAY	F	-0.08%
	MRTN	D	-0.08%
	SGH	F	-0.08%
	XNCR	F	-0.08%
	WS	D	-0.08%
	TGI	D	-0.08%
	CXM	F	-0.08%
	NXRT	B	-0.08%
	WWW	A	-0.08%
	VICR	D	-0.07%
	EMBC	B	-0.07%
	CLB	F	-0.07%
	DCOM	B	-0.07%
	CBRL	F	-0.07%
	DLX	D	-0.07%
	NABL	D	-0.07%
	GPRE	F	-0.07%
	PRAA	D	-0.07%
	NVRI	C	-0.07%
	MD	B	-0.07%
	BLFS	B	-0.07%
	SAH	C	-0.07%
	XPEL	C	-0.07%
	CWEN	B	-0.07%
	VTOL	C	-0.07%
	JACK	F	-0.07%
	RCUS	C	-0.07%
	AMSF	B	-0.07%
	PDFS	D	-0.07%
	VIR	F	-0.06%
	VVI	D	-0.06%
	CFFN	C	-0.06%
	BJRI	D	-0.06%
	PRLB	F	-0.06%
	AXL	F	-0.06%
	CPF	B	-0.06%
	ASTE	D	-0.06%
	TMP	B	-0.06%
	MATW	F	-0.06%
	MNRO	D	-0.06%
	HFWA	B	-0.06%
	AHH	B	-0.06%
	EYE	F	-0.06%
	THRY	D	-0.05%
	MCW	F	-0.05%
	HAFC	B	-0.05%
	ALGT	F	-0.05%
	SMP	C	-0.05%
	EZPW	B	-0.05%
	HZO	D	-0.05%
	PUMP	F	-0.05%
	SWI	B	-0.05%
	IIIN	D	-0.05%
	EGBN	C	-0.05%
	KELYA	D	-0.05%
	PRA	C	-0.05%
	HSTM	C	-0.05%
	GDEN	C	-0.05%
	HCI	A	-0.05%
	MLAB	B	-0.05%
	NBR	F	-0.05%
	TTGT	F	-0.05%
	LESL	F	-0.04%
	LQDT	C	-0.04%
	DIN	F	-0.04%
	GDOT	B	-0.04%
	AMBC	F	-0.04%
	BFS	B	-0.04%
	TR	A	-0.04%
	CTKB	F	-0.04%
	RGNX	F	-0.04%
	GES	F	-0.04%
	DRQ	F	-0.04%
	CEVA	B	-0.04%
	UHT	A	-0.04%
	HTLD	D	-0.04%
	DBI	F	-0.03%
	AMCX	F	-0.03%
	CENT	D	-0.03%
	SNCY	D	-0.03%
	WRLD	D	-0.03%
	CVGW	C	-0.03%
	HTZ	F	-0.03%
	TWI	D	-0.03%
	PAHC	B	-0.03%
	UFCS	D	-0.03%
	MERC	F	-0.02%
	CRSR	F	-0.02%
	DDD	F	-0.02%
	CMP	F	-0.02%
	RILY	F	-0.01%

JPSE: Top Represented Industries & Keywords

Industries: Banks - Regional - US REIT - Diversified Specialty Chemicals Software - Application Diversified Industrials Oil & Gas E&P Packaged Foods Telecom Services Biotechnology REIT - Retail Communication Equipment Oil & Gas Equipment & Services REIT - Hotel & Motel Asset Management Shipping & Ports Diagnostics & Research REIT - Office Residential Construction Electronic Components Real Estate Services

Keywords: Real Estate Investment Trust Bank Banking Natural Gas Chemical Telecommunications Medicine Mortgage Loan Computing Deposit Products Mining Clothing Semiconductor Aerospace Real Estate Loans Loan Broadband Real Estate Properties Retail Store Oil And Gas

SPSM: Top Represented Industries & Keywords

Industries: Banks - Regional - US Biotechnology REIT - Diversified Packaged Foods Diversified Industrials Oil & Gas Equipment & Services Restaurants Software - Application Specialty Chemicals Asset Management REIT - Retail Insurance - Property & Casualty Auto Parts Communication Equipment Drug Manufacturers - Specialty & Generic REIT - Hotel & Motel Software - Infrastructure Specialty Retail Telecom Services Apparel Stores

Keywords: Bank Banking Real Estate Investment Trust Deposit Products Medicine Computing Chemical Real Estate Loans Aerospace Clothing Commercial Bank Insurance Semiconductor Retail Store Transport Commercial Banking Mining Mortgage Loan Fashion Investment Management