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ETFs

J.P. Morgan Exchange-Traded Fund Trust JPMorgan Social Advancement ETF

UPWD
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Sep 07 2022
Expense Ratio
0.49%
Type
Global Equities
Fund Owner
JPMorgan Chase
Volume (1m avg. daily)
$343
AUM
$11,883,613
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

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Invest with UPWD

What is UPWD?

JPMorgan Social Advancement ETF designed to provide long-term capital appreciation by investing in companies facilitating social and economic advancement. Invests primarily in common stocks and depositary receipts that are facilitating the social and economic empowerment of people and communities through access to goods and services that allow them to survive and thrive. Uses a "thematic" investment approach that seeks to identify and invest in companies that are relevant to social advancements. Selects companies within key sub-themes, such as essential amenities, affordable housing and infrastructure, healthcare and wellbeing, education and training talent, attainable financing, and accessing the digital ecosystem.

ETFs related toUPWD

ETFs correlated to UPWD include ACWI, URTH, VT

UPWD
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Social Advancement ETF
ACWI
BlackRock Institutional Trust Company N.A. - iShares MSCI ACWI ETF
URTH
BlackRock Institutional Trust Company N.A. - iShares MSCI World ETF
VT
Vanguard Group, Inc. - Vanguard Total World Stock ETF
CRBN
BlackRock Institutional Trust Company N.A. - iShares MSCI ACWI Low Carbon Target ETF
AOA
BlackRock Institutional Trust Company N.A. - iShares Core Aggressive Allocation ETF
SPGM
SSgA Active Trust - SPDR Portfolio MSCI Global Stock Market ETF
CGGO
Capital Group Companies Inc - Capital Group Global Growth Equity ETF
GLOV
Goldman Sachs ETF Trust - Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF
CGUS
Capital Group Companies Inc - Capital Group Core Equity ETF
JQUA
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan U.S. Quality 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.

FAQ

UPWD is a Global Equities ETF. JPMorgan Social Advancement ETF designed to provide long-term capital appreciation by investing in companies facilitating social and economic advancement. Invests primarily in common stocks and depositary receipts that are facilitating the social and economic empowerment of people and communities through access to goods and services that allow them to survive and thrive. Uses a "thematic" investment approach that seeks to identify and invest in companies that are relevant to social advancements. Selects companies within key sub-themes, such as essential amenities, affordable housing and infrastructure, healthcare and wellbeing, education and training talent, attainable financing, and accessing the digital ecosystem.

Yes, UPWD is actively 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.

No, UPWD is not passively managed. It is actively 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 UPWD is -0.0173%. This is the percent change in the value of UPWD over the most recent 1-month period. The 3-month return on UPWD is -0.0219%. This is the percent change in the value of UPWD over the most recent 3-month period.

The standard deviation of UPWD for the past year is 0.1568%. 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 UPWD include PBW, IGF, and ARKK.

ETFs correlated to UPWD include ACWI, URTH, and VT.

ETFs that are inversely correlated to UPWD include SPXS, SH, and SDS.

Disclaimers

*

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.