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ETFs

JPMorgan U.S. Value Factor ETF

JVAL
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Nov 08 2017
Expense Ratio
0.12%
Type
US Equities
Fund Owner
JPMorgan Chase
Volume (1m avg. daily)
$2,089,701
AUM
$663,038,269
Associated Index
JP Morgan US Value Factor Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

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Invest with JVAL

What is JVAL?

The Fund seeks investment results that closely correspond, before fees and expenses, to the performance of the JP Morgan US Value Factor Index. The Underlying Index is comprised of U.S. equity securities selected to represent value factor characteristics. The rules-based proprietary selection process utilizes a relative valuation factor to identify companies with attractive valuations.

ETFs related toJVAL

ETFs correlated to JVAL include FNDB, DFAC, AVUS

JVAL
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan U.S. Value Factor ETF
FNDB
Schwab Strategic Trust - Schwab Fundamental U.S. Broad Market Index ETF
DFAC
Dimensional ETF Trust - Dimensional U.S. Core Equity 2 ETF
AVUS
American Century ETF Trust - Avantis U.S. Equity ETF
FNDX
Schwab Strategic Trust - Schwab Fundamental U.S. Large Company Index ETF
RSP
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight ETF
PRF
Invesco Capital Management LLC - Invesco FTSE RAFI US 1000 ETF
FEX
First Trust Exchange-Traded Fund III - First Trust Large Cap Core AlphaDEX Fund
TILT
FlexShares Trust - FlexShares Morningstar US Market Factors Tilt Index Fund
DSTL
ETF Series Solutions Trust - Distillate U.S. Fundamental Stability & Value ETF
VLUE
BlackRock Institutional Trust Company N.A. - iShares MSCI USA Value Factor ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toJVAL

#OPUS-12

Opus-12

Category

Opus, Investing for the Long-Term

Risk Rating

Moderate

#CV

Controlling for Volatility

Category

Getting Defensive, Worried about Inflation?

Risk Rating

Moderate

Create your own algorithmic trading strategy with JVAL using Composer

FAQ

JVAL is a US Equities ETF. The Fund seeks investment results that closely correspond, before fees and expenses, to the performance of the JP Morgan US Value Factor Index. The Underlying Index is comprised of U.S. equity securities selected to represent value factor characteristics. The rules-based proprietary selection process utilizes a relative valuation factor to identify companies with attractive valuations.

JVAL tracks the JP Morgan US Value Factor Index.

No, JVAL is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, JVAL is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on JVAL is -0.0097%. This is the percent change in the value of JVAL over the most recent 1-month period. The 3-month return on JVAL is 0.0083%. This is the percent change in the value of JVAL over the most recent 3-month period.

The standard deviation of JVAL for the past year is 0.1741%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to JVAL include SPHQ, SPHB, and DSI.

ETFs correlated to JVAL include FNDB, DFAC, and AVUS.

ETFs that are inversely correlated to JVAL include SH, SDS, and SPXU.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.