JQUA vs. UPAR ETF Comparison

Comparison of JPMorgan U.S. Quality Factor ETF (JQUA) to UPAR Ultra Risk Parity ETF (UPAR)

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

$56.27

Average Daily Volume

437,000

Number of Holdings ^*

270

* may have additional holdings in another (foreign) market

UPAR

UPAR Ultra Risk Parity ETF

UPAR Description

UPAR Ultra Risk Parity ETF is an exchange traded fund launched and managed by Toroso Investments, LLC. The fund invests in public equity, fixed income and commodity markets of global region. For its equity portion, it invests directly, through derivatives and through other funds in stocks of companies operating across diversified sectors. The fund uses derivatives such as futures to create its portfolio. It invests in growth and value stocks of companies across diversified market capitalization. For its fixed income portion, the fund invests directly and through derivatives in U.S. treasury inflation protected securities and U.S. treasury securities of varying maturities. For its commodity portion, it invests directly and through other funds in gold. UPAR Ultra Risk Parity ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$14.75

Average Daily Volume

19,370

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	JQUA	UPAR
30 Days	2.68%	2.51%
60 Days	5.38%	7.17%
90 Days	5.83%	7.73%
12 Months	28.57%	18.15%

8 Overlapping Holdings

Symbol	Grade	Weight in JQUA	Weight in UPAR	Overlap
CF	C	0.19%	0.21%	0.19%
COP	D	0.38%	0.41%	0.38%
CTRA	D	0.22%	0.05%	0.05%
CVX	D	0.66%	0.9%	0.66%
EOG	D	0.34%	0.23%	0.23%
IEX	D	0.19%	0.08%	0.08%
SCCO	D	0.2%	0.76%	0.2%
XOM	C	1.66%	1.65%	1.65%

JQUA Overweight 262 Positions Relative to UPAR

Symbol	Grade	Weight
BRK.A	C	2.18%
AAPL	C	2.0%
META	B	1.93%
MSFT	C	1.8%
V	C	1.78%
JNJ	C	1.64%
PG	C	1.63%
GOOGL	D	1.62%
MA	B	1.62%
AVGO	C	1.59%
COST	B	1.59%
NVDA	D	1.58%
HD	B	1.49%
ABBV	C	1.46%
MRK	D	1.2%
CRM	D	1.01%
ADBE	F	0.99%
LIN	B	0.96%
MCD	B	0.96%
KO	C	0.95%
ACN	C	0.92%
CSCO	C	0.9%
ORCL	C	0.89%
AMGN	B	0.83%
INTU	C	0.81%
QCOM	D	0.78%
NOW	B	0.78%
UNP	C	0.76%
IBM	B	0.72%
TJX	B	0.68%
LMT	C	0.67%
AMAT	D	0.66%
BKNG	C	0.65%
REGN	C	0.63%
VRTX	D	0.62%
MMC	C	0.61%
GILD	B	0.6%
SPGI	B	0.6%
ABT	C	0.6%
PANW	D	0.58%
ADP	B	0.58%
BLK	B	0.57%
SBUX	C	0.56%
MO	C	0.56%
ADI	C	0.56%
BMY	C	0.56%
VZ	B	0.54%
CB	B	0.54%
CL	D	0.52%
MCO	B	0.5%
KLAC	D	0.5%
WM	D	0.49%
ZTS	C	0.47%
CTAS	B	0.47%
LRCX	F	0.46%
AFL	C	0.46%
AJG	D	0.44%
AON	B	0.43%
ORLY	C	0.43%
ITW	C	0.43%
PSA	B	0.43%
TRV	C	0.42%
ICE	C	0.42%
APH	D	0.42%
FTNT	C	0.39%
AZO	D	0.39%
SNPS	D	0.38%
PLTR	B	0.38%
CDNS	D	0.38%
MAR	C	0.37%
ROST	C	0.37%
ADSK	C	0.36%
GWW	B	0.36%
RMD	C	0.36%
RSG	D	0.36%
ACGL	C	0.36%
KMB	D	0.36%
PAYX	C	0.35%
A	C	0.35%
MMM	B	0.35%
IT	B	0.34%
T	C	0.34%
CTSH	C	0.34%
NVR	B	0.33%
VRSK	D	0.33%
CPRT	D	0.33%
EBAY	B	0.33%
DASH	C	0.33%
IDXX	C	0.32%
EA	D	0.32%
BRO	C	0.31%
AMP	A	0.31%
YUM	D	0.3%
MCHP	F	0.3%
ROP	C	0.29%
HOLX	B	0.29%
CRWD	D	0.29%
SPG	B	0.29%
NDAQ	A	0.29%
MRVL	C	0.29%
WDAY	D	0.29%
APP	C	0.29%
BR	D	0.29%
WRB	C	0.28%
ATO	B	0.28%
ABNB	D	0.27%
EXR	B	0.27%
HRB	C	0.27%
LEN	B	0.27%
EW	F	0.26%
WEC	C	0.26%
ED	C	0.26%
CLX	C	0.26%
DOCU	C	0.25%
FFIV	B	0.25%
DECK	C	0.25%
CBOE	C	0.25%
PGR	B	0.25%
MTD	D	0.25%
CLH	A	0.25%
DDOG	D	0.25%
EXPD	C	0.24%
WSO	C	0.24%
WY	C	0.24%
HIG	B	0.24%
LAMR	B	0.24%
MANH	B	0.24%
MSI	B	0.24%
DRI	B	0.23%
CHRW	B	0.23%
POOL	C	0.23%
MPWR	C	0.23%
TEAM	D	0.23%
TER	D	0.23%
VRSN	D	0.23%
MAA	B	0.23%
KEYS	C	0.23%
FDS	C	0.23%
ROL	C	0.23%
SAIC	C	0.22%
DVA	B	0.22%
WMT	C	0.22%
CHE	C	0.22%
OGE	C	0.22%
SEIC	C	0.22%
DOX	C	0.22%
WSM	D	0.22%
DBX	D	0.22%
EXPE	C	0.21%
GGG	C	0.21%
DT	C	0.21%
LSTR	D	0.21%
SWKS	D	0.21%
SNOW	F	0.2%
HPQ	D	0.2%
LOPE	D	0.2%
DKS	D	0.2%
INCY	C	0.2%
MCK	F	0.2%
FNF	B	0.2%
CDW	D	0.2%
HST	C	0.2%
TYL	C	0.2%
AKAM	D	0.2%
NFG	B	0.19%
CRI	D	0.19%
PAYC	D	0.19%
CNC	D	0.19%
BLDR	C	0.19%
ALSN	B	0.19%
CBSH	C	0.18%
LYV	B	0.18%
ANSS	D	0.18%
NTAP	D	0.18%
PSTG	F	0.18%
MOH	D	0.18%
LECO	F	0.18%
RNG	F	0.18%
MEDP	F	0.18%
CSL	B	0.18%
QRVO	F	0.17%
VRT	C	0.17%
LDOS	B	0.17%
BBY	C	0.17%
TPR	C	0.17%
WU	F	0.16%
LSCC	D	0.16%
DLB	D	0.16%
CHD	D	0.16%
CCI	C	0.16%
CHH	C	0.16%
DCI	C	0.16%
DELL	D	0.16%
ELS	C	0.16%
WMS	D	0.16%
ZM	C	0.16%
ULTA	D	0.16%
TDC	F	0.15%
EPAM	F	0.15%
EVRG	B	0.15%
PINS	F	0.15%
MSGS	B	0.15%
NTNX	C	0.15%
JKHY	B	0.15%
SSNC	B	0.14%
EXP	B	0.14%
HPE	D	0.14%
SMAR	C	0.14%
MTCH	C	0.14%
AFG	B	0.14%
CRUS	D	0.14%
PEG	B	0.13%
AOS	D	0.13%
MSM	D	0.13%
ZS	F	0.13%
JBL	D	0.13%
ENTG	F	0.13%
TWLO	D	0.13%
TOST	C	0.13%
PATH	D	0.12%
PEGA	C	0.12%
TSCO	C	0.12%
SKX	D	0.12%
DXC	C	0.12%
SNX	D	0.11%
GWRE	A	0.11%
CNM	F	0.11%
NDSN	C	0.11%
CPT	B	0.11%
OKTA	F	0.11%
NKE	D	0.11%
BSY	D	0.11%
PCOR	F	0.1%
YETI	D	0.1%
DV	F	0.1%
AYI	B	0.1%
MTSI	D	0.1%
OLN	D	0.1%
JAZZ	D	0.09%
MPC	F	0.09%
BYD	C	0.09%
EQR	B	0.09%
GLPI	C	0.08%
IPGP	F	0.08%
FAST	C	0.08%
UGI	C	0.08%
ZI	D	0.08%
WH	B	0.08%
RLI	B	0.07%
TPL	B	0.07%
PHM	B	0.07%
PRI	B	0.07%
CSGP	D	0.07%
RS	D	0.06%
CUBE	B	0.06%
SOLV	C	0.05%
TECH	C	0.04%
UPS	D	0.04%
GNTX	F	0.04%
AM	C	0.03%
VIRT	C	0.02%
PINC	C	0.02%

JQUA Underweight 29 Positions Relative to UPAR

Symbol	Grade	Weight
GLDM	B	-14.16%
VXF	B	-3.26%
DE	B	-1.61%
BHP	D	-1.34%
RIO	D	-1.04%
FCX	D	-0.6%
TTE	D	-0.57%
CTVA	B	-0.56%
VALE	D	-0.48%
FSLR	C	-0.41%
ECL	B	-0.36%
BP	D	-0.3%
EQNR	F	-0.24%
ENPH	D	-0.23%
CNH	D	-0.19%
E	C	-0.17%
XYL	C	-0.17%
OXY	F	-0.15%
AWK	B	-0.14%
SQM	D	-0.14%
HES	F	-0.13%
TTC	D	-0.13%
FMC	C	-0.12%
FANG	D	-0.11%
MOS	F	-0.11%
DVN	F	-0.08%
AGCO	D	-0.08%
EQT	D	-0.07%
EC	F	-0.07%