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

$46.77

Average Daily Volume

32,180

Number of Holdings ^*

530

* 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

$44.33

Average Daily Volume

1,311,978

Number of Holdings ^*

587

* may have additional holdings in another (foreign) market

Performance

Period	JPSE	SPSM
30 Days	-1.72%	-1.27%
60 Days	-0.87%	-1.65%
90 Days	3.35%	2.97%
12 Months	26.81%	29.45%

317 Overlapping Holdings

	Symbol	Grade	Weight in JPSE	Weight in SPSM	Overlap
	AAT	B	0.24%	0.1%	0.1%
	ABCB	B	0.28%	0.3%	0.28%
	ABG	D	0.12%	0.34%	0.12%
	ABM	B	0.2%	0.25%	0.2%
	ACA	B	0.33%	0.34%	0.33%
	ACLS	F	0.12%	0.22%	0.12%
	ADUS	D	0.23%	0.17%	0.17%
	AEIS	A	0.28%	0.3%	0.28%
	AEO	F	0.19%	0.26%	0.19%
	AGYS	C	0.31%	0.18%	0.18%
	AHCO	D	0.06%	0.08%	0.06%
	AIN	F	0.11%	0.17%	0.11%
	AKR	A	0.32%	0.19%	0.19%
	ALEX	C	0.14%	0.1%	0.1%
	ALKS	F	0.17%	0.34%	0.17%
	ALRM	F	0.12%	0.2%	0.12%
	AMPH	B	0.25%	0.14%	0.14%
	AMR	F	0.2%	0.16%	0.16%
	AMWD	D	0.07%	0.11%	0.07%
	ANDE	F	0.26%	0.11%	0.11%
	ANIP	F	0.19%	0.07%	0.07%
	AOSL	D	0.02%	0.06%	0.02%
	APAM	B	0.16%	0.23%	0.16%
	APLE	B	0.23%	0.24%	0.23%
	APOG	B	0.23%	0.12%	0.12%
	ARCB	D	0.21%	0.18%	0.18%
	ARCH	B	0.23%	0.19%	0.19%
	ARI	F	0.1%	0.08%	0.08%
	AROC	D	0.3%	0.26%	0.26%
	ASIX	D	0.14%	0.06%	0.06%
	ASO	F	0.21%	0.29%	0.21%
	ASTH	C	0.27%	0.17%	0.17%
	ATEN	A	0.16%	0.08%	0.08%
	AUB	C	0.11%	0.25%	0.11%
	AVA	D	0.29%	0.23%	0.23%
	AVNS	F	0.06%	0.08%	0.06%
	AWR	C	0.2%	0.24%	0.2%
	AX	A	0.23%	0.26%	0.23%
	AZZ	D	0.17%	0.17%	0.17%
	B	A	0.06%	0.16%	0.06%
	BANF	B	0.03%	0.16%	0.03%
	BCC	C	0.32%	0.39%	0.32%
	BCPC	D	0.29%	0.4%	0.29%
	BDN	C	0.23%	0.07%	0.07%
	BGS	C	0.18%	0.05%	0.05%
	BHE	B	0.26%	0.12%	0.12%
	BKE	B	0.3%	0.1%	0.1%
	BLMN	D	0.14%	0.09%	0.09%
	BMI	D	0.31%	0.45%	0.31%
	BSIG	A	0.06%	0.05%	0.05%
	BTU	A	0.23%	0.23%	0.23%
	CABO	D	0.21%	0.12%	0.12%
	CAL	F	0.03%	0.08%	0.03%
	CALM	B	0.38%	0.27%	0.27%
	CALX	C	0.18%	0.16%	0.16%
	CARG	B	0.24%	0.21%	0.21%
	CARS	D	0.05%	0.07%	0.05%
	CASH	B	0.08%	0.14%	0.08%
	CATY	A	0.19%	0.25%	0.19%
	CCOI	B	0.31%	0.26%	0.26%
	CCS	F	0.12%	0.19%	0.12%
	CEIX	A	0.28%	0.21%	0.21%
	CENTA	F	0.14%	0.11%	0.11%
	CENX	A	0.28%	0.07%	0.07%
	CHCO	B	0.06%	0.13%	0.06%
	CHEF	D	0.13%	0.1%	0.1%
	CLW	F	0.17%	0.03%	0.03%
	CNMD	D	0.13%	0.14%	0.13%
	CNS	B	0.09%	0.2%	0.09%
	CNSL	A	0.1%	0.03%	0.03%
	CNXN	F	0.17%	0.06%	0.06%
	COHU	D	0.19%	0.09%	0.09%
	COLL	F	0.27%	0.09%	0.09%
	COOP	D	0.29%	0.42%	0.29%
	CORT	A	0.4%	0.33%	0.33%
	CPK	C	0.29%	0.2%	0.2%
	CPRX	A	0.32%	0.18%	0.18%
	CRC	B	0.19%	0.27%	0.19%
	CRK	B	0.19%	0.08%	0.08%
	CRS	C	0.34%	0.58%	0.34%
	CRVL	D	0.29%	0.21%	0.21%
	CSGS	C	0.14%	0.1%	0.1%
	CSWI	C	0.3%	0.47%	0.3%
	CTRE	A	0.3%	0.36%	0.3%
	CTS	A	0.2%	0.11%	0.11%
	CVI	F	0.15%	0.06%	0.06%
	CWK	A	0.07%	0.22%	0.07%
	CWT	D	0.2%	0.23%	0.2%
	CXW	C	0.26%	0.11%	0.11%
	DEA	C	0.2%	0.1%	0.1%
	DEI	B	0.27%	0.23%	0.23%
	DFIN	F	0.08%	0.13%	0.08%
	DGII	B	0.23%	0.08%	0.08%
	DIOD	F	0.21%	0.22%	0.21%
	DNOW	F	0.14%	0.1%	0.1%
	DORM	B	0.07%	0.23%	0.07%
	DRH	D	0.21%	0.13%	0.13%
	DVAX	A	0.18%	0.1%	0.1%
	DXPE	D	0.02%	0.05%	0.02%
	EFC	D	0.25%	0.08%	0.08%
	EIG	A	0.16%	0.09%	0.09%
	ENR	B	0.28%	0.16%	0.16%
	ENVA	B	0.33%	0.17%	0.17%
	EPC	F	0.25%	0.13%	0.13%
	EPRT	C	0.31%	0.45%	0.31%
	ETD	F	0.25%	0.05%	0.05%
	EVTC	D	0.11%	0.16%	0.11%
	EXPI	B	0.12%	0.08%	0.08%
	EXTR	B	0.25%	0.14%	0.14%
	FBP	D	0.16%	0.23%	0.16%
	FCF	C	0.07%	0.13%	0.07%
	FCPT	D	0.27%	0.2%	0.2%
	FDP	A	0.23%	0.07%	0.07%
	FELE	D	0.3%	0.3%	0.3%
	FFBC	A	0.12%	0.18%	0.12%
	FIZZ	D	0.24%	0.08%	0.08%
	FLGT	C	0.07%	0.03%	0.03%
	FORM	F	0.24%	0.25%	0.24%
	FSS	F	0.26%	0.39%	0.26%
	FUL	F	0.28%	0.3%	0.28%
	FULT	B	0.15%	0.24%	0.15%
	GEO	B	0.33%	0.16%	0.16%
	GFF	F	0.17%	0.2%	0.17%
	GIII	B	0.08%	0.09%	0.08%
	GMS	C	0.26%	0.26%	0.26%
	GNW	C	0.19%	0.22%	0.19%
	GOGO	F	0.14%	0.03%	0.03%
	GPI	C	0.29%	0.34%	0.29%
	GRBK	D	0.24%	0.17%	0.17%
	GTY	C	0.17%	0.12%	0.12%
	HAIN	A	0.12%	0.06%	0.06%
	HASI	A	0.25%	0.3%	0.25%
	HAYN	A	0.18%	0.06%	0.06%
	HCC	A	0.3%	0.23%	0.23%
	HCSG	C	0.05%	0.06%	0.05%
	HI	F	0.05%	0.15%	0.05%
	HLIT	F	0.32%	0.13%	0.13%
	HLX	F	0.24%	0.1%	0.1%
	HMN	A	0.04%	0.11%	0.04%
	HNI	D	0.26%	0.18%	0.18%
	HOPE	C	0.17%	0.12%	0.12%
	HPP	F	0.01%	0.05%	0.01%
	HRMY	F	0.1%	0.08%	0.08%
	HSII	A	0.07%	0.06%	0.06%
	HTH	F	0.13%	0.11%	0.11%
	HUBG	D	0.07%	0.2%	0.07%
	HWKN	D	0.19%	0.17%	0.17%
	IBP	F	0.29%	0.39%	0.29%
	ICHR	F	0.08%	0.07%	0.07%
	IDCC	A	0.32%	0.28%	0.28%
	IIPR	B	0.32%	0.28%	0.28%
	INN	F	0.12%	0.05%	0.05%
	INVA	B	0.3%	0.08%	0.08%
	IOSP	F	0.26%	0.2%	0.2%
	IPAR	F	0.12%	0.16%	0.12%
	IRWD	F	0.03%	0.04%	0.03%
	ITGR	D	0.29%	0.32%	0.29%
	JBSS	F	0.2%	0.06%	0.06%
	JJSF	D	0.26%	0.19%	0.19%
	JOE	F	0.27%	0.16%	0.16%
	JXN	A	0.36%	0.55%	0.36%
	KALU	B	0.19%	0.08%	0.08%
	KFY	C	0.15%	0.27%	0.15%
	KLG	F	0.18%	0.09%	0.09%
	KLIC	B	0.24%	0.17%	0.17%
	KOP	F	0.2%	0.05%	0.05%
	KTB	A	0.3%	0.29%	0.29%
	KWR	F	0.19%	0.16%	0.16%
	LBRT	F	0.19%	0.21%	0.19%
	LCII	F	0.15%	0.21%	0.15%
	LGND	B	0.31%	0.15%	0.15%
	LPG	F	0.2%	0.08%	0.08%
	LTC	A	0.28%	0.12%	0.12%
	LUMN	B	0.32%	0.47%	0.32%
	LXP	D	0.2%	0.21%	0.2%
	LZB	D	0.28%	0.12%	0.12%
	MAC	A	0.33%	0.29%	0.29%
	MATV	F	0.19%	0.06%	0.06%
	MATX	A	0.31%	0.33%	0.31%
	MC	C	0.29%	0.36%	0.29%
	MGEE	B	0.23%	0.25%	0.23%
	MGPI	F	0.14%	0.06%	0.06%
	MGY	C	0.28%	0.36%	0.28%
	MHO	D	0.3%	0.32%	0.3%
	MLI	A	0.37%	0.69%	0.37%
	MLKN	F	0.13%	0.12%	0.12%
	MMI	D	0.02%	0.07%	0.02%
	MMSI	B	0.29%	0.42%	0.29%
	MOG.A	D	0.13%	0.41%	0.13%
	MSEX	D	0.09%	0.09%	0.09%
	MTH	D	0.29%	0.5%	0.29%
	MTRN	F	0.25%	0.16%	0.16%
	MTUS	F	0.17%	0.04%	0.04%
	MTX	C	0.27%	0.19%	0.19%
	MXL	D	0.03%	0.08%	0.03%
	MYE	F	0.04%	0.04%	0.04%
	MYGN	F	0.08%	0.15%	0.08%
	NAVI	F	0.17%	0.09%	0.09%
	NBTB	D	0.16%	0.16%	0.16%
	NEO	D	0.07%	0.13%	0.07%
	NGVT	C	0.17%	0.09%	0.09%
	NHC	D	0.07%	0.11%	0.07%
	NMIH	D	0.25%	0.23%	0.23%
	NOG	F	0.15%	0.28%	0.15%
	NPK	F	0.05%	0.03%	0.03%
	NPO	F	0.24%	0.23%	0.23%
	NSIT	F	0.31%	0.44%	0.31%
	NTCT	B	0.16%	0.11%	0.11%
	NWBI	D	0.16%	0.13%	0.13%
	NWN	C	0.26%	0.12%	0.12%
	NX	C	0.05%	0.1%	0.05%
	ODP	C	0.01%	0.08%	0.01%
	OFG	C	0.22%	0.14%	0.14%
	OMCL	B	0.08%	0.14%	0.08%
	OMI	F	0.11%	0.07%	0.07%
	OTTR	D	0.27%	0.24%	0.24%
	OUT	B	0.18%	0.19%	0.18%
	OXM	F	0.1%	0.08%	0.08%
	PARR	F	0.13%	0.07%	0.07%
	PATK	D	0.31%	0.22%	0.22%
	PBH	A	0.29%	0.27%	0.27%
	PBI	A	0.11%	0.08%	0.08%
	PCRX	C	0.03%	0.06%	0.03%
	PDCO	F	0.05%	0.12%	0.05%
	PEB	F	0.16%	0.11%	0.11%
	PECO	B	0.27%	0.34%	0.27%
	PHIN	B	0.08%	0.15%	0.08%
	PI	C	0.24%	0.38%	0.24%
	PLAB	F	0.27%	0.11%	0.11%
	PLUS	C	0.26%	0.19%	0.19%
	PLXS	A	0.35%	0.28%	0.28%
	PMT	D	0.18%	0.09%	0.09%
	PRDO	B	0.28%	0.1%	0.1%
	PRG	D	0.11%	0.13%	0.11%
	PRGS	B	0.3%	0.21%	0.21%
	PSMT	D	0.07%	0.17%	0.07%
	PTEN	F	0.13%	0.21%	0.13%
	RC	F	0.03%	0.09%	0.03%
	RDN	C	0.29%	0.38%	0.29%
	RDNT	C	0.23%	0.33%	0.23%
	RES	F	0.1%	0.04%	0.04%
	REX	F	0.19%	0.05%	0.05%
	RGR	F	0.15%	0.05%	0.05%
	RNST	A	0.13%	0.16%	0.13%
	ROIC	C	0.24%	0.15%	0.15%
	RUN	D	0.12%	0.23%	0.12%
	RWT	C	0.07%	0.07%	0.07%
	SAFT	D	0.08%	0.09%	0.08%
	SANM	A	0.22%	0.27%	0.22%
	SATS	B	0.32%	0.23%	0.23%
	SCHL	F	0.04%	0.05%	0.04%
	SCL	F	0.19%	0.11%	0.11%
	SCSC	F	0.2%	0.08%	0.08%
	SCVL	F	0.25%	0.05%	0.05%
	SEM	D	0.28%	0.26%	0.26%
	SFNC	B	0.14%	0.22%	0.14%
	SHEN	F	0.15%	0.05%	0.05%
	SHO	D	0.27%	0.15%	0.15%
	SHOO	D	0.2%	0.24%	0.2%
	SIG	C	0.32%	0.31%	0.31%
	SJW	F	0.16%	0.13%	0.13%
	SKT	B	0.32%	0.28%	0.28%
	SKYW	A	0.29%	0.28%	0.28%
	SLG	B	0.33%	0.36%	0.33%
	SLP	F	0.09%	0.04%	0.04%
	SLVM	B	0.34%	0.22%	0.22%
	SM	F	0.28%	0.36%	0.28%
	SMPL	C	0.23%	0.22%	0.22%
	SNEX	A	0.1%	0.18%	0.1%
	SPSC	F	0.3%	0.53%	0.3%
	SPTN	D	0.17%	0.05%	0.05%
	SSTK	D	0.1%	0.05%	0.05%
	STAA	F	0.04%	0.11%	0.04%
	STC	D	0.28%	0.14%	0.14%
	STRA	F	0.17%	0.16%	0.16%
	SUPN	B	0.22%	0.14%	0.14%
	SVC	F	0.07%	0.04%	0.04%
	SWI	B	0.06%	0.05%	0.05%
	SXC	A	0.2%	0.05%	0.05%
	SXI	A	0.23%	0.15%	0.15%
	SXT	C	0.24%	0.24%	0.24%
	TDS	A	0.35%	0.2%	0.2%
	TGNA	B	0.31%	0.2%	0.2%
	THRM	D	0.07%	0.09%	0.07%
	THS	F	0.17%	0.13%	0.13%
	TILE	D	0.24%	0.08%	0.08%
	TNC	F	0.01%	0.13%	0.01%
	TPH	D	0.24%	0.3%	0.24%
	TRMK	A	0.08%	0.16%	0.08%
	TRST	C	0.07%	0.05%	0.05%
	TTMI	A	0.27%	0.14%	0.14%
	UCTT	F	0.23%	0.12%	0.12%
	UE	A	0.31%	0.2%	0.2%
	UFPT	D	0.25%	0.15%	0.15%
	UNF	D	0.01%	0.21%	0.01%
	UNFI	B	0.18%	0.09%	0.09%
	UNIT	C	0.07%	0.1%	0.07%
	UPBD	D	0.15%	0.1%	0.1%
	URBN	F	0.17%	0.15%	0.15%
	USNA	D	0.1%	0.03%	0.03%
	USPH	F	0.16%	0.09%	0.09%
	UVV	C	0.2%	0.09%	0.09%
	VIAV	B	0.24%	0.15%	0.15%
	VRTS	C	0.02%	0.1%	0.02%
	WAFD	D	0.21%	0.21%	0.21%
	WDFC	B	0.28%	0.27%	0.27%
	WGO	F	0.16%	0.11%	0.11%
	WHD	C	0.26%	0.29%	0.26%
	WKC	D	0.22%	0.14%	0.14%
	WNC	F	0.09%	0.06%	0.06%
	WOR	F	0.19%	0.09%	0.09%
	WSR	B	0.15%	0.05%	0.05%
	WT	B	0.1%	0.09%	0.09%
	XHR	C	0.2%	0.11%	0.11%
	XRX	F	0.12%	0.09%	0.09%
	YELP	F	0.25%	0.17%	0.17%
	YOU	A	0.21%	0.24%	0.21%

JPSE Overweight 213 Positions Relative to SPSM

	Symbol	Grade	Weight
	SMR	B	0.47%
	CNX	B	0.4%
	STRL	B	0.39%
	IDT	A	0.38%
	SFM	A	0.36%
	UEC	B	0.36%
	AIT	A	0.35%
	FN	B	0.34%
	UFPI	C	0.34%
	NMRK	A	0.32%
	LNTH	B	0.32%
	PRMW	B	0.32%
	CDP	B	0.32%
	SBRA	A	0.32%
	ACLX	B	0.32%
	CBT	C	0.32%
	CMC	B	0.31%
	ESRT	C	0.31%
	CNO	C	0.31%
	AVNT	C	0.31%
	OGS	C	0.31%
	TMHC	B	0.31%
	BKH	C	0.3%
	ENSG	A	0.3%
	POR	C	0.3%
	KRG	C	0.3%
	ONB	A	0.3%
	TPB	A	0.3%
	LAUR	B	0.3%
	NOVT	D	0.3%
	PDM	C	0.3%
	MMS	D	0.29%
	SR	D	0.29%
	ESNT	D	0.29%
	NWE	D	0.29%
	CWST	D	0.29%
	KBH	D	0.29%
	ALE	A	0.29%
	WTS	F	0.29%
	NJR	C	0.29%
	PFSI	D	0.28%
	QTWO	A	0.28%
	DBRG	B	0.28%
	BNL	D	0.28%
	RHP	B	0.28%
	TRNO	F	0.27%
	NHI	C	0.27%
	UBSI	A	0.27%
	HLNE	B	0.27%
	HQY	B	0.26%
	PCH	F	0.26%
	LILAK	B	0.26%
	DHT	F	0.26%
	OPCH	F	0.26%
	INFN	B	0.26%
	CDE	C	0.26%
	HL	C	0.25%
	CRAI	B	0.25%
	SWX	B	0.25%
	STNG	F	0.24%
	SWBI	F	0.24%
	CVLT	B	0.24%
	GATX	A	0.24%
	ESGR	B	0.23%
	UTZ	D	0.23%
	RYI	C	0.23%
	VITL	C	0.23%
	BDC	B	0.23%
	IRT	D	0.23%
	NTB	C	0.23%
	WK	B	0.22%
	RLJ	F	0.22%
	HOMB	A	0.22%
	CHX	F	0.22%
	LANC	D	0.22%
	CLFD	D	0.21%
	ORA	B	0.21%
	TROX	F	0.21%
	INSW	F	0.21%
	POWI	D	0.21%
	SGRY	F	0.21%
	TNET	F	0.2%
	GPOR	F	0.2%
	QLYS	F	0.19%
	HAE	F	0.19%
	EQC	D	0.19%
	SCS	F	0.19%
	LXU	C	0.19%
	ANET	B	0.19%
	VSH	F	0.19%
	WTTR	D	0.19%
	HLF	D	0.18%
	DOLE	C	0.18%
	GEF	B	0.18%
	RDFN	C	0.18%
	ECVT	D	0.18%
	IMKTA	D	0.18%
	IBOC	B	0.18%
	PBF	F	0.18%
	MUR	F	0.18%
	OEC	F	0.18%
	NTGR	A	0.17%
	ATKR	F	0.17%
	HE	D	0.17%
	ASGN	F	0.17%
	COMM	A	0.17%
	LADR	C	0.17%
	RMBS	C	0.17%
	KNTK	B	0.16%
	HWC	A	0.16%
	GSAT	F	0.16%
	EAF	B	0.16%
	MED	F	0.16%
	VCTR	B	0.15%
	WMK	F	0.15%
	CSTM	F	0.15%
	MGRC	A	0.15%
	CMRE	D	0.15%
	RYAM	C	0.14%
	ASC	F	0.14%
	HVT	F	0.14%
	FUBO	B	0.14%
	ACRE	F	0.14%
	ENS	F	0.13%
	EGHT	C	0.13%
	WSBC	A	0.13%
	EE	A	0.13%
	EXPO	D	0.13%
	AMSC	A	0.13%
	ACT	D	0.13%
	IVT	B	0.12%
	IGT	F	0.12%
	NSP	F	0.12%
	BZH	D	0.11%
	HOV	D	0.11%
	ZEUS	F	0.11%
	METC	F	0.11%
	SD	F	0.1%
	GNK	F	0.1%
	PGRE	C	0.1%
	EGY	F	0.1%
	PNTG	D	0.1%
	ACCO	F	0.1%
	VREX	C	0.1%
	BLKB	D	0.1%
	UMBF	A	0.1%
	BXC	A	0.09%
	CMCO	F	0.09%
	PRM	B	0.09%
	ARCT	F	0.09%
	OSUR	F	0.09%
	MOV	F	0.09%
	RDUS	F	0.09%
	OCFC	B	0.09%
	MRC	F	0.09%
	CSTL	A	0.09%
	BRY	F	0.08%
	AVNW	F	0.08%
	IPI	A	0.08%
	AGM	F	0.08%
	FLNG	F	0.07%
	SRCE	C	0.07%
	NUS	F	0.07%
	PLL	B	0.06%
	MWA	B	0.06%
	RBCAA	B	0.06%
	CTBI	B	0.06%
	FRME	C	0.06%
	USAP	A	0.06%
	CWCO	F	0.06%
	ZUMZ	D	0.06%
	MITK	D	0.05%
	ATEX	F	0.05%
	SYNA	F	0.05%
	GTN	C	0.05%
	MEI	F	0.05%
	ANF	D	0.05%
	NAT	F	0.05%
	CHCT	B	0.05%
	ZYXI	C	0.05%
	BUSE	D	0.05%
	KRO	C	0.05%
	TH	F	0.04%
	NR	F	0.04%
	CCRN	F	0.04%
	GRWG	C	0.04%
	VRNT	F	0.04%
	WOW	D	0.04%
	OSPN	B	0.03%
	TRS	B	0.03%
	AIV	D	0.03%
	LFMD	F	0.03%
	THFF	D	0.03%
	VNDA	F	0.03%
	CSV	A	0.03%
	CWH	F	0.03%
	NATR	F	0.03%
	BOOM	F	0.02%
	RGP	F	0.02%
	AAOI	B	0.02%
	GIC	F	0.02%
	AVD	F	0.02%
	SRDX	D	0.02%
	TG	B	0.02%
	ANIK	F	0.02%
	CIX	C	0.02%
	LWLG	C	0.02%
	STHO	D	0.01%
	TRTX	A	0.01%
	BH	F	0.01%
	TBI	F	0.01%
	CCSI	C	0.01%
	RBBN	B	0.0%

JPSE Underweight 270 Positions Relative to SPSM

	Symbol	Grade	Weight
	CMA	A	-0.61%
	ATI	F	-0.58%
	GKOS	B	-0.53%
	RHI	B	-0.52%
	BBWI	F	-0.49%
	AVAV	B	-0.45%
	AWI	A	-0.45%
	MDU	B	-0.44%
	VFC	A	-0.43%
	ETSY	D	-0.43%
	INSP	D	-0.43%
	ALK	A	-0.43%
	DY	C	-0.42%
	LNC	A	-0.41%
	SEE	B	-0.4%
	MARA	C	-0.4%
	ZWS	B	-0.39%
	ACIW	D	-0.38%
	BOOT	D	-0.37%
	BOX	D	-0.35%
	AL	C	-0.34%
	PIPR	B	-0.34%
	ITRI	A	-0.34%
	KRYS	D	-0.33%
	OGN	D	-0.33%
	SFBS	B	-0.32%
	SHAK	A	-0.32%
	ICUI	C	-0.32%
	VRRM	D	-0.32%
	AGO	B	-0.31%
	GTES	A	-0.31%
	EAT	A	-0.31%
	TMDX	F	-0.3%
	HIMS	B	-0.3%
	FTDR	B	-0.29%
	RXO	B	-0.29%
	STEP	B	-0.28%
	HIW	B	-0.28%
	LRN	A	-0.28%
	JBT	A	-0.27%
	MSGS	A	-0.27%
	GVA	A	-0.27%
	DXC	F	-0.27%
	ADMA	C	-0.27%
	IAC	F	-0.27%
	BGC	C	-0.26%
	WD	C	-0.26%
	ESE	B	-0.25%
	BXMT	C	-0.25%
	HP	C	-0.25%
	PJT	B	-0.25%
	SMTC	B	-0.25%
	UCB	D	-0.25%
	SITM	B	-0.25%
	CVCO	D	-0.25%
	BRC	D	-0.24%
	RUSHA	A	-0.24%
	CNK	A	-0.23%
	FHB	A	-0.23%
	NWL	A	-0.23%
	CBU	A	-0.23%
	TGTX	A	-0.23%
	ENV	A	-0.23%
	ABR	B	-0.22%
	BL	B	-0.22%
	REZI	D	-0.22%
	TDW	F	-0.22%
	WSFS	D	-0.22%
	ATGE	A	-0.21%
	PENN	A	-0.21%
	MPW	D	-0.21%
	TRN	B	-0.21%
	VIRT	C	-0.2%
	INDB	A	-0.2%
	TBBK	C	-0.2%
	PTGX	B	-0.2%
	PRK	A	-0.19%
	PFS	B	-0.19%
	CVBF	A	-0.19%
	PPBI	B	-0.19%
	BFH	D	-0.19%
	VSTO	A	-0.19%
	BOH	A	-0.19%
	DOCN	C	-0.19%
	BKU	D	-0.19%
	OII	D	-0.18%
	EPAC	A	-0.18%
	POWL	B	-0.18%
	HBI	B	-0.18%
	PLMR	D	-0.18%
	NARI	A	-0.17%
	CWEN	B	-0.17%
	BANR	B	-0.17%
	OSIS	F	-0.17%
	AAP	F	-0.17%
	SBCF	C	-0.17%
	VSCO	A	-0.17%
	DV	F	-0.17%
	WERN	D	-0.17%
	GSHD	A	-0.17%
	PINC	A	-0.16%
	IBTX	A	-0.16%
	TNDM	F	-0.16%
	BANC	B	-0.16%
	HAYW	A	-0.16%
	PAYO	A	-0.16%
	JBLU	D	-0.16%
	LGIH	F	-0.16%
	KSS	F	-0.16%
	AIR	F	-0.16%
	MP	B	-0.16%
	CAKE	A	-0.15%
	TFIN	B	-0.15%
	NATL	D	-0.15%
	KMT	D	-0.15%
	FL	F	-0.15%
	ROCK	D	-0.15%
	ZD	F	-0.15%
	VCEL	D	-0.15%
	ADNT	F	-0.14%
	WOLF	D	-0.14%
	CRGY	A	-0.14%
	VYX	F	-0.14%
	OI	F	-0.14%
	MYRG	B	-0.14%
	TRIP	C	-0.13%
	PZZA	B	-0.13%
	FBK	A	-0.13%
	ROG	F	-0.13%
	MRCY	D	-0.13%
	NBHC	A	-0.13%
	KAR	F	-0.13%
	MCY	B	-0.13%
	FBNC	C	-0.13%
	ALG	F	-0.13%
	TRUP	A	-0.13%
	LMAT	C	-0.13%
	PRVA	D	-0.13%
	FOXF	F	-0.12%
	JBGS	C	-0.12%
	RAMP	D	-0.12%
	GBX	A	-0.12%
	GNL	D	-0.12%
	GO	F	-0.12%
	VSTS	F	-0.12%
	LEG	F	-0.12%
	FTRE	F	-0.12%
	VECO	F	-0.12%
	LKFN	B	-0.12%
	VRE	D	-0.11%
	MODG	F	-0.11%
	SABR	C	-0.11%
	STBA	D	-0.11%
	HELE	C	-0.11%
	AMN	F	-0.11%
	KN	D	-0.11%
	VBTX	B	-0.11%
	SONO	C	-0.11%
	ELME	D	-0.11%
	IART	C	-0.1%
	KW	C	-0.1%
	XNCR	B	-0.1%
	SNDR	A	-0.1%
	DAN	F	-0.1%
	SPNT	D	-0.1%
	CUBI	D	-0.1%
	WABC	B	-0.1%
	TGI	C	-0.09%
	CERT	F	-0.09%
	NVEE	D	-0.09%
	BHLB	B	-0.09%
	WS	A	-0.09%
	LNN	C	-0.09%
	PGNY	F	-0.09%
	TALO	D	-0.09%
	WWW	C	-0.09%
	SBH	B	-0.09%
	AORT	B	-0.08%
	QNST	A	-0.08%
	CBRL	C	-0.08%
	FBRT	B	-0.08%
	PFBC	A	-0.08%
	MD	B	-0.08%
	ARLO	F	-0.08%
	DCOM	B	-0.08%
	CSR	D	-0.08%
	PLAY	C	-0.08%
	ECPG	F	-0.08%
	VICR	B	-0.08%
	CWEN	B	-0.07%
	NABL	F	-0.07%
	JACK	C	-0.07%
	PDFS	F	-0.07%
	XPEL	F	-0.07%
	MRTN	F	-0.07%
	ALGT	A	-0.07%
	RCUS	D	-0.07%
	BRKL	A	-0.07%
	MCRI	A	-0.07%
	SBSI	D	-0.07%
	UTL	D	-0.07%
	HCI	B	-0.07%
	AMSF	A	-0.07%
	NXRT	D	-0.07%
	SDGR	F	-0.07%
	TTGT	C	-0.06%
	AHH	D	-0.06%
	PRA	B	-0.06%
	HFWA	A	-0.06%
	EYE	D	-0.06%
	TMP	A	-0.06%
	PRAA	D	-0.06%
	CPF	C	-0.06%
	NVRI	F	-0.06%
	BLFS	C	-0.06%
	SAH	D	-0.06%
	BJRI	A	-0.06%
	CLB	A	-0.06%
	EMBC	D	-0.06%
	MNRO	B	-0.06%
	CFFN	A	-0.06%
	VTOL	D	-0.06%
	DLX	F	-0.06%
	SEDG	F	-0.06%
	CXM	F	-0.06%
	VSAT	F	-0.06%
	VVI	B	-0.06%
	PUMP	F	-0.05%
	NBR	B	-0.05%
	GDOT	C	-0.05%
	GDEN	F	-0.05%
	HAFC	A	-0.05%
	KELYA	D	-0.05%
	MLAB	D	-0.05%
	PRLB	F	-0.05%
	VIR	F	-0.05%
	KREF	D	-0.05%
	HSTM	A	-0.05%
	MATW	D	-0.05%
	EGBN	A	-0.05%
	GPRE	F	-0.05%
	FWRD	C	-0.05%
	ASTE	C	-0.05%
	AXL	F	-0.05%
	VTLE	F	-0.05%
	BFS	D	-0.04%
	TR	F	-0.04%
	HTLD	F	-0.04%
	PAHC	B	-0.04%
	SNCY	A	-0.04%
	GES	F	-0.04%
	LESL	F	-0.04%
	CTKB	F	-0.04%
	LQDT	D	-0.04%
	UHT	D	-0.04%
	AMBC	D	-0.04%
	THRY	F	-0.04%
	IIIN	F	-0.04%
	HZO	F	-0.04%
	CEVA	C	-0.04%
	MCW	A	-0.04%
	EZPW	B	-0.04%
	SMP	B	-0.04%
	TWI	F	-0.03%
	HTZ	F	-0.03%
	WRLD	D	-0.03%
	UFCS	F	-0.03%
	RGNX	F	-0.03%
	CRSR	F	-0.02%
	CENT	D	-0.02%

JPSE: Top Represented Industries & Keywords

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

Keywords: Real Estate Investment Trust Bank Banking Natural Gas Chemical Telecommunications Medicine Mining Computing Deposit Products Mortgage Loan Aerospace Clothing Semiconductor Broadband Real Estate Loans Retail Store Steel Alloys Building Materials

SPSM: Top Represented Industries & Keywords

Industries: Banks - Regional - US Biotechnology REIT - Diversified Diversified Industrials Software - Application Packaged Foods Specialty Chemicals Asset Management Medical Devices Oil & Gas Equipment & Services REIT - Retail Software - Infrastructure Auto Parts Insurance - Property & Casualty Oil & Gas E&P Restaurants Specialty Retail Building Materials Communication Equipment Drug Manufacturers - Specialty & Generic

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