- ISIN
- US46641Q8454
- CUSIP
- 46641Q845
- Issuer
- JPMorgan
- Inception Date
- Nov 15, 2016
- Region
- North America (U.S.)
- Category
- Small Cap Growth Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- JPMorgan Diversified Factor US Small Cap Equity Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Micro-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $573M
Share Price Chart
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Performance
JPSE Performance Chart
JPMorgan Diversified Return U.S. Small Cap Equity ETF (JPSE) is up 15.5% since the beginning of the year. JPSE is currently trading at $58 per share. Investors who bought $1,000 worth of JPSE shares 5 years ago would now be looking at an investment worth $1,407.
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Returns By Period
JPMorgan Diversified Return U.S. Small Cap Equity ETF (JPSE) has returned 15.46% so far this year and 31.79% over the past 12 months.
JPMorgan Diversified Return U.S. Small Cap Equity ETF
- 1D
- -1.03%
- 1M
- 0.95%
- YTD
- 15.46%
- 6M
- 14.54%
- 1Y
- 31.79%
- 3Y*
- 15.24%
- 5Y*
- 7.07%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.74%
- 1M
- 4.90%
- YTD
- 10.35%
- 6M
- 10.28%
- 1Y
- 26.52%
- 3Y*
- 20.83%
- 5Y*
- 12.30%
- 10Y*
- 13.66%
JPSE Monthly Returns History
Based on dividend-adjusted daily data since Nov 17, 2016, JPSE's average daily return is +0.05%, while the average monthly return is +1.00%. At this rate, an investment would double in approximately 5.8 years.
Historically, 64% of months were positive and 36% were negative. The best month was Nov 2020 with a return of +16.3%, while the worst month was Mar 2020 at -23.4%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 4 months.
On a daily basis, JPSE closed higher 52% of trading days. The best single day was Mar 24, 2020 with a return of +9.8%, while the worst single day was Mar 16, 2020 at -11.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 6.02% | 2.79% | -3.77% | 9.68% | 0.33% | 0.05% | 15.46% | ||||||
| 2025 | 1.25% | -4.09% | -3.89% | -4.11% | 5.07% | 3.97% | 0.69% | 8.41% | 0.76% | -0.34% | 1.47% | 0.03% | 8.77% |
| 2024 | -3.85% | 3.14% | 3.67% | -5.22% | 4.76% | -2.42% | 10.70% | -1.83% | 1.80% | -2.62% | 9.73% | -8.23% | 8.07% |
| 2023 | 9.24% | -2.06% | -3.67% | -2.36% | -1.95% | 7.88% | 5.22% | -3.38% | -5.22% | -5.07% | 7.44% | 10.77% | 15.87% |
| 2022 | -7.68% | 2.05% | 1.22% | -7.60% | 1.83% | -8.92% | 10.10% | -3.68% | -10.52% | 12.86% | 4.53% | -6.44% | -14.40% |
| 2021 | 5.58% | 8.05% | 3.14% | 1.50% | 2.33% | 1.19% | -1.96% | 1.88% | -2.20% | 4.65% | -2.16% | 4.54% | 29.31% |
Benchmark Metrics
JPMorgan Diversified Return U.S. Small Cap Equity ETF has an annualized alpha of -2.20%, beta of 1.00, and R2 of 0.70 versus S&P 500 Index. Calculated based on daily prices since November 18, 2016.
- This ETF participated in 109.28% of S&P 500 Index downside but only 95.75% of its upside - more exposed to losses than it benefited from rallies.
- This ETF had an annualized alpha of -2.20% versus S&P 500 Index - delivering less than market exposure alone would predict.
- With beta of 1.00 and R2 of 0.70, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -2.20%
- Beta
- 1.00
- R²
- 0.70
- Upside Capture
- 95.75%
- Downside Capture
- 109.28%
Expense Ratio
JPSE has an expense ratio of 0.29%, placing it in the medium range.
Return for Risk
Risk / Return Rank
JPSE ranks 67 for risk / return — better than 67% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for JPMorgan Diversified Return U.S. Small Cap Equity ETF (JPSE) and compare them to S&P 500 Index.
| JPSE | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.24 | ||
| Sortino ratioReturn per unit of downside risk | -0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.41 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.99 | 2.93 | +1.06 |
| Martin ratioReturn relative to average drawdown | 14.20 | 13.52 | +0.68 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
JPMorgan Diversified Return U.S. Small Cap Equity ETF provided a 1.38% dividend yield over the last twelve months, with an annual payout of $0.80 per share. The fund has been increasing its distributions for 9 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.80 | $0.81 | $0.78 | $0.78 | $0.60 | $0.57 | $0.47 | $0.40 | $0.32 | $0.22 | $0.04 |
Dividend yield | 1.38% | 1.62% | 1.66% | 1.76% | 1.55% | 1.24% | 1.32% | 1.23% | 1.18% | 0.74% | 0.14% |
Monthly Dividends
The table displays the monthly dividend distributions for JPMorgan Diversified Return U.S. Small Cap Equity ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.00 | $0.08 | ||||||
| 2025 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.32 | $0.81 |
| 2024 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.29 | $0.78 |
| 2023 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.32 | $0.78 |
| 2022 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.31 | $0.60 |
| 2021 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.29 | $0.57 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the JPMorgan Diversified Return U.S. Small Cap Equity ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the JPMorgan Diversified Return U.S. Small Cap Equity ETF was 43.02%, occurring on Mar 23, 2020. Recovery took 166 trading sessions.
The current JPMorgan Diversified Return U.S. Small Cap Equity ETF drawdown is 1.37%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -43.02%Mar 2020 | 2mo 6d | 7mo 28d | 10mo 4dJan 2020 - Nov 2020 |
Bear market2022 | -25.56%Sep 2022 | 10mo 22d | 1y 9mo | 2y 8moNov 2021 - Jul 2024 |
2025 selloff2025 | -25.49%Apr 2025 | 4mo 13d | 8mo | 1y 8dNov 2024 - Dec 2025 |
Rate-hike selloffLate 2018 | -23.27%Dec 2018 | 3mo 8d | 1y 21d | 1y 3moSep 2018 - Jan 2020 |
2024 pullback2024 | -9.04%Aug 2024 | 4d | 1mo 15d | 1mo 19dAug 2024 - Sep 2024 |
Drawdown Indicators
| JPSE | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.02% | -56.78% | +13.76% |
Max Drawdown (1Y)Largest decline over 1 year | -8.00% | -9.10% | +1.10% |
Max Drawdown (3Y)Largest decline over 3 years | -25.49% | -18.90% | -6.59% |
Max Drawdown (5Y)Largest decline over 5 years | -25.56% | -25.43% | -0.13% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -1.37% | -0.74% | -0.63% |
Average DrawdownAverage peak-to-trough decline | -7.42% | -10.72% | +3.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.24% | 1.97% | +0.27% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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