JQUA vs. HELO ETF Comparison

Comparison of JPMorgan U.S. Quality Factor ETF (JQUA) to JPMorgan Hedged Equity Laddered Overlay ETF (HELO)

JQUA

JPMorgan U.S. Quality Factor ETF

JQUA Description

The investment seeks investment results that closely correspond, before fees and expenses, to the performance of the JP Morgan US Quality Factor Index. The fund will invest at least 80% of its assets in securities included in the underlying index. Assets means net assets, plus the amount of borrowing for investment purposes. The underlying index is comprised of U.S. equity securities selected to represent quality factor characteristics.

Grade (RS Rating)

Last Trade

$59.17

Average Daily Volume

466,425

Number of Holdings ^*

278

* may have additional holdings in another (foreign) market

HELO

JPMorgan Hedged Equity Laddered Overlay ETF

HELO Description

The fund seeks to provide capital appreciation through participation in the broad equity markets while hedging overall market exposure relative to traditional long-only equity strategies. Under normal circumstances, it invests at least 80% of its assets in equity securities. The fund uses an enhanced index strategy to invest in equity securities similar to those in the S&P 500 Index, which primarily consist of common stocks of large capitalization U.S. companies.

Grade (RS Rating)

Last Trade

$62.59

Average Daily Volume

279,342

Number of Holdings ^*

161

* may have additional holdings in another (foreign) market

Performance

Period	JQUA	HELO
30 Days	2.86%	0.90%
60 Days	4.74%	3.36%
90 Days	6.42%	4.41%
12 Months	30.25%	20.70%

60 Overlapping Holdings

Symbol	Grade	Weight in JQUA	Weight in HELO	Overlap
AAPL	C	1.86%	6.83%	1.86%
ABBV	F	1.17%	1.14%	1.14%
ABT	B	0.85%	0.19%	0.19%
ACN	B	0.88%	0.21%	0.21%
ADBE	C	0.84%	0.18%	0.18%
ADI	D	0.53%	0.72%	0.53%
AMP	A	0.38%	0.2%	0.2%
AON	A	0.42%	0.44%	0.42%
AVGO	D	1.25%	1.02%	1.02%
BBY	D	0.15%	0.2%	0.15%
BKNG	A	0.79%	0.75%	0.75%
BMY	B	0.61%	0.68%	0.61%
BRK.A	B	1.86%	1.53%	1.53%
CDNS	B	0.45%	0.17%	0.17%
CHD	A	0.14%	0.3%	0.14%
COP	C	0.4%	0.81%	0.4%
COST	A	1.51%	0.53%	0.53%
CRM	B	1.3%	1.15%	1.15%
CTSH	B	0.34%	0.49%	0.34%
CVX	A	0.72%	0.18%	0.18%
DASH	B	0.43%	0.11%	0.11%
ELS	C	0.14%	0.19%	0.14%
EOG	A	0.37%	0.47%	0.37%
EXPE	B	0.27%	0.29%	0.27%
GOOGL	C	1.89%	2.09%	1.89%
HPE	B	0.19%	0.18%	0.18%
INTU	B	0.82%	0.51%	0.51%
JNJ	C	1.4%	0.51%	0.51%
KO	D	0.76%	0.63%	0.63%
LDOS	C	0.2%	0.39%	0.2%
LEN	D	0.23%	0.14%	0.14%
LIN	C	0.88%	0.82%	0.82%
LRCX	F	0.46%	0.37%	0.37%
LULU	C	0.37%	0.13%	0.13%
MA	B	1.58%	1.72%	1.58%
MCD	D	0.87%	0.81%	0.81%
MCK	A	0.24%	0.16%	0.16%
META	D	2.07%	2.9%	2.07%
MMC	B	0.53%	0.14%	0.14%
MO	A	0.5%	0.15%	0.15%
MRK	D	0.99%	0.24%	0.24%
MRVL	B	0.38%	0.06%	0.06%
MSFT	D	1.72%	7.13%	1.72%
MSI	B	0.34%	0.17%	0.17%
NOW	A	0.88%	0.94%	0.88%
NRG	B	0.15%	0.04%	0.04%
NVDA	B	2.22%	7.8%	2.22%
ORCL	A	0.97%	0.36%	0.36%
PG	C	1.33%	0.14%	0.14%
PGR	A	0.43%	0.75%	0.43%
REGN	F	0.41%	0.45%	0.41%
ROST	D	0.31%	0.44%	0.31%
SIRI	C	0.08%	0.07%	0.07%
T	A	0.3%	0.18%	0.18%
TRV	B	0.39%	0.34%	0.34%
UNP	C	0.66%	0.17%	0.17%
UPS	C	0.04%	0.54%	0.04%
V	A	1.83%	1.49%	1.49%
XOM	B	1.71%	1.43%	1.43%
YUM	D	0.27%	0.5%	0.27%

JQUA Overweight 218 Positions Relative to HELO

Symbol	Grade	Weight
HD	B	1.51%
CSCO	B	1.02%
APP	B	0.86%
QCOM	F	0.76%
AMAT	F	0.68%
IBM	C	0.67%
TJX	A	0.63%
PANW	B	0.63%
PLTR	B	0.62%
BLK	B	0.62%
GILD	C	0.6%
LMT	D	0.58%
ADP	A	0.58%
SBUX	A	0.56%
SPGI	C	0.53%
APH	A	0.51%
WM	B	0.5%
NKE	F	0.48%
CTAS	B	0.47%
CB	C	0.47%
SNPS	B	0.46%
KLAC	F	0.46%
VZ	C	0.46%
MCO	B	0.44%
ZTS	D	0.44%
ITW	B	0.44%
FTNT	C	0.44%
ORLY	B	0.43%
MAR	A	0.43%
CRWD	B	0.41%
GWW	B	0.41%
BDX	F	0.4%
AJG	A	0.39%
CL	D	0.39%
AFL	B	0.39%
CPRT	B	0.37%
ICE	C	0.36%
EA	A	0.35%
PSA	C	0.35%
IT	C	0.34%
RSG	A	0.34%
PAYX	B	0.34%
TEAM	A	0.33%
VRSK	A	0.33%
MMM	D	0.33%
DECK	A	0.32%
DOCU	B	0.31%
A	D	0.31%
EBAY	D	0.3%
BRO	B	0.29%
SPG	A	0.29%
BR	A	0.29%
ACGL	C	0.29%
KMB	C	0.29%
RMD	C	0.29%
NDAQ	A	0.29%
WDAY	B	0.29%
DDOG	A	0.29%
WEC	A	0.29%
CSL	C	0.28%
ABNB	C	0.28%
VRT	B	0.28%
IDXX	F	0.28%
WSO	A	0.27%
ROP	B	0.27%
UTHR	C	0.27%
NVR	D	0.27%
FFIV	B	0.27%
MANH	D	0.26%
ALSN	B	0.26%
RNG	C	0.26%
MCHP	F	0.26%
WRB	A	0.25%
WY	F	0.25%
CLH	C	0.25%
SEIC	B	0.25%
WSM	C	0.24%
HOLX	D	0.24%
EW	C	0.24%
HST	C	0.24%
KEYS	A	0.24%
DBX	B	0.24%
PAYC	B	0.24%
LOPE	C	0.23%
MEDP	D	0.23%
LAMR	C	0.23%
MTD	F	0.23%
EXR	C	0.23%
POOL	C	0.23%
CTRA	B	0.23%
FDS	B	0.23%
LSTR	D	0.22%
TOST	B	0.22%
VRSN	C	0.22%
SNOW	B	0.22%
HIG	B	0.22%
LECO	C	0.22%
JAZZ	B	0.22%
DRI	B	0.22%
CLX	A	0.22%
TWLO	A	0.22%
HPQ	B	0.21%
GGG	B	0.21%
IEX	C	0.21%
CHE	D	0.21%
SCCO	F	0.21%
ED	C	0.21%
MAA	B	0.21%
DOX	D	0.21%
EXPD	C	0.21%
WMT	A	0.21%
ROL	B	0.21%
OGE	A	0.21%
CF	A	0.2%
ZS	B	0.2%
TPR	B	0.2%
DT	D	0.2%
TER	F	0.2%
HRB	D	0.2%
DVA	C	0.2%
CBOE	C	0.2%
FNF	B	0.19%
ANSS	B	0.19%
BLDR	D	0.19%
LSCC	D	0.19%
TYL	B	0.19%
DKS	D	0.19%
CBSH	B	0.19%
ZM	C	0.19%
PSTG	D	0.19%
NTAP	C	0.18%
SWKS	F	0.18%
AKAM	D	0.18%
PEN	B	0.18%
MPWR	F	0.17%
NFG	A	0.17%
SOLV	D	0.17%
NTNX	B	0.17%
UGI	C	0.16%
AYI	B	0.16%
DLB	B	0.16%
SAIC	F	0.16%
EPAM	B	0.16%
JBL	C	0.16%
EXP	B	0.16%
STE	D	0.16%
AMT	C	0.16%
GEN	B	0.16%
DCI	B	0.16%
CDW	F	0.16%
TDC	D	0.15%
RPM	A	0.15%
CRI	F	0.15%
PINS	F	0.15%
PEGA	B	0.15%
WMS	F	0.15%
MSGS	A	0.15%
AFG	A	0.14%
CNM	D	0.14%
EVRG	A	0.14%
PRI	B	0.14%
JKHY	D	0.14%
MTSI	B	0.14%
RPRX	D	0.14%
ULTA	F	0.14%
SMAR	B	0.13%
SSNC	B	0.13%
MSM	C	0.13%
PCOR	B	0.13%
CCI	C	0.12%
DXC	B	0.12%
OKTA	C	0.12%
PEG	A	0.12%
ENTG	D	0.12%
PATH	C	0.12%
WU	F	0.12%
GWRE	A	0.11%
SKX	D	0.11%
YETI	D	0.11%
NDSN	B	0.11%
CRUS	D	0.11%
BSY	F	0.11%
TSCO	D	0.11%
DV	C	0.11%
MTCH	D	0.11%
CNC	D	0.11%
AOS	F	0.11%
TPL	A	0.11%
COR	B	0.1%
WH	B	0.1%
CPT	B	0.1%
RLI	A	0.1%
QRVO	F	0.1%
BYD	B	0.1%
CHH	A	0.09%
ZI	D	0.09%
COKE	C	0.09%
LPX	B	0.09%
FAST	B	0.09%
ATO	A	0.09%
IPGP	D	0.09%
OLN	F	0.09%
QGEN	D	0.08%
EQR	C	0.08%
MPC	D	0.08%
INGR	C	0.08%
PINC	B	0.07%
GLPI	C	0.07%
TECH	F	0.06%
RS	B	0.06%
PHM	D	0.06%
WAT	C	0.06%
CUBE	C	0.05%
GNTX	C	0.04%
AM	A	0.03%
CHRW	B	0.02%
VIRT	A	0.01%
SNX	D	0.0%

JQUA Underweight 101 Positions Relative to HELO

Symbol	Grade	Weight
AMZN	C	-4.5%
UNH	B	-1.62%
TSLA	B	-1.58%
GOOG	C	-1.46%
BAC	A	-1.26%
LLY	F	-1.07%
WFC	A	-1.0%
LOW	C	-0.99%
HON	C	-0.98%
TT	A	-0.96%
TMO	F	-0.89%
TXN	C	-0.87%
SO	C	-0.84%
NEE	C	-0.83%
PEP	F	-0.83%
SYK	B	-0.76%
GS	A	-0.75%
NXPI	D	-0.72%
MDLZ	F	-0.72%
CMCSA	B	-0.71%
DE	B	-0.68%
AZO	C	-0.65%
HWM	A	-0.62%
VRTX	D	-0.6%
CME	B	-0.59%
UBER	F	-0.58%
MU	D	-0.57%
TFC	A	-0.56%
BSX	A	-0.52%
TDG	D	-0.52%
FIS	C	-0.52%
CMG	B	-0.51%
PLD	F	-0.5%
OTIS	C	-0.5%
PCG	A	-0.5%
FITB	B	-0.48%
CPAY	A	-0.47%
CARR	C	-0.46%
MDT	D	-0.46%
AMD	F	-0.45%
DHR	F	-0.44%
SCHW	B	-0.42%
STX	C	-0.41%
CSX	C	-0.41%
DLR	B	-0.39%
VTR	B	-0.39%
ETN	A	-0.38%
HLT	A	-0.36%
DOW	F	-0.35%
RCL	A	-0.34%
CI	D	-0.34%
FDX	B	-0.33%
USB	A	-0.33%
PM	B	-0.32%
MNST	C	-0.32%
SBAC	D	-0.31%
FANG	C	-0.31%
DIS	B	-0.31%
MET	A	-0.3%
C	A	-0.3%
TXT	D	-0.29%
WELL	A	-0.27%
KVUE	A	-0.26%
CHTR	C	-0.25%
BKR	A	-0.24%
BURL	B	-0.24%
LYB	F	-0.23%
IR	B	-0.23%
DAL	B	-0.23%
MAS	D	-0.23%
PPG	F	-0.21%
AXP	A	-0.21%
KKR	A	-0.2%
PCAR	B	-0.18%
WDC	D	-0.18%
NOC	D	-0.17%
TMUS	B	-0.17%
MLM	C	-0.16%
HUM	C	-0.16%
ANET	C	-0.15%
TGT	F	-0.14%
SQ	A	-0.14%
URI	C	-0.13%
PFG	D	-0.13%
BIIB	F	-0.12%
FICO	B	-0.12%
NUE	C	-0.11%
HCA	F	-0.11%
VST	A	-0.1%
CMS	C	-0.1%
APTV	F	-0.1%
WMG	D	-0.1%
NBIX	C	-0.08%
EQIX	A	-0.07%
EQT	B	-0.06%
BAX	F	-0.06%
AME	A	-0.06%
EL	F	-0.05%
BMRN	F	-0.03%
SRPT	F	-0.03%
LKQ	F	-0.02%

JQUA: Top Represented Industries & Keywords

Industries: Software - Application Software - Infrastructure Semiconductors Information Technology Services Business Services Diversified Industrials Specialty Retail Diagnostics & Research Insurance - Property & Casualty Semiconductor Equipment & Materials Biotechnology Drug Manufacturers - Major Household & Personal Products Internet Content & Information Capital Markets Industrial Distribution Insurance Brokers Integrated Shipping & Logistics Medical Instruments & Supplies Oil & Gas E&P