JPME ETF: What Is It? A Complete Guide to Returns, Expense Ratio, Holdings, and Alternative ETFs
The JPMorgan Diversified Return U.S. Mid Cap Equity ETF (JPME) is a passive multi-factor product that combines several factors across U.S. mid-cap stocks and spreads sector risk. Its factor and risk-diversification structure, along with differences in selection and weighting versus IJH, MDY, and IWR, are the key criteria for choosing it.
SubscribeWhat Is the JPMorgan Diversified Return U.S. Mid Cap Equity ETF?
This is a passive multi-factor ETF that selects U.S. mid-cap stocks by combining several factors such as value, quality, and momentum, and spreads sector weights using a risk-based approach. It provides broad exposure to mid-cap stocks while reducing one-sided concentration.
It suits investors who want U.S. mid-cap exposure that applies both multi-factor selection and sector risk diversification.
It is a passive (index-tracking) ETF managed by JPMorgan.
How Does the JPMorgan Diversified Return U.S. Mid Cap Equity ETF Invest?
| Item | Details |
|---|---|
| Investment target | U.S. mid-cap stocks |
| Management style | Passive (multi-factor, risk diversification) |
| Selection criteria | Factors such as value, quality, and momentum |
| Dividend frequency | Quarterly dividends |
| Expense ratio | 0.24% |
The ETF selects U.S. mid-cap stocks by combining several factors such as value, quality, and momentum, and allocates sector weights with a risk-based approach to reduce one-sided concentration. Unlike simple market-cap weighting, it applies factor selection and risk diversification together, following a rule-based strategy that pursues a particular risk and return profile.
- Combines multi-factor selection with sector risk diversification
- Weighting that reduces market-cap concentration in mid-cap stocks
JPMorgan Diversified Return U.S. Mid Cap Equity ETF Size and Costs (AUM and Management Fee)
Assets under management (AUM) stand at $499.8M, and the Expense Ratio is 0.24% per year.
The main comparison point against simple market-cap-weighted mid-cap ETFs is its multi-factor selection and risk-based diversification approach.
JPMorgan Diversified Return U.S. Mid Cap Equity ETF Performance and Trends
1-Year Price Performance
Dividend & Yield
52-Week Price RangeU.S. mid-cap stocks react sensitively to the economic cycle, interest rates, and market risk appetite. Multi-factor and risk-diversification strategies reduce market-cap concentration and may hold up relatively well in volatile periods, but they may lag in rallies led by a few specific stocks. Because the selection structure is rule-based, performance can differ from the market average.
Fund flows into multi-factor and risk-diversification products vary with market risk appetite and style rotation, and money sometimes moves into this product group when interest in diversification and risk management rises. It is also worth noting that performance varies with the economic cycle and style rotation.
JPMorgan Diversified Return U.S. Mid Cap Equity ETF Pros and Cons
Multi-factor selection and sector risk diversification are its strengths, while relative weakness in rallies led by specific stocks, mid-cap volatility, and fees are points to consider.
💪 Key Strengths
⚠️ Points to Watch
Alternative ETFs and Related Products to the JPMorgan Diversified Return U.S. Mid Cap Equity ETF
For simpler mid-cap exposure, direct substitutes include IJH and MDY, and for broad exposure across mid-cap stocks, products such as IWR are also worth comparing. What differentiates this ETF is its combination of multi-factor selection and sector risk diversification within mid-cap stocks.
Peer Comparison ETFs| Ticker | Name | Price | Change | AUM | Total Expense Ratio | Dividend Yield | 1Y |
|---|---|---|---|---|---|---|---|
 FNDX | Schwab Fundamental U.S. Large Company ETF | $32.24 | -2.9% | $28.9B | 0.25% | 1.46% | +21.6% |
 PRF | Invesco RAFI US 1000 ETF | $55.31 | -3.0% | $10.3B | 0.34% | 1.34% | +21.3% |
 FNDA | Schwab Fundamental U.S. Small Company ETF | $35.50 | -3.5% | $9.1B | 0.25% | 1.25% | +15.5% |
 RECS | Columbia Research Enhanced Core ETF | $43.75 | -3.8% | $6.2B | 0.15% | 0.74% | +8.1% |
 JHMM | John Hancock Multifactor Mid Cap ETF | $71.98 | -3.6% | $6.2B | 0.41% | 0.91% | +11.9% |
Top Holdings| Ticker | Name | Weight | Price | Change | Market Cap | P/E | Dividend Yield |
|---|---|---|---|---|---|---|---|
| WDC | Western Digital Corp | 0.01% | $267.63 | -17.4% | $100.2B | 10.4 | 0.24% |
| CIEN | CIENA Corp | 0.01% | $230.81 | -15.2% | $32.7B | 51.5 | - |
| LITE | Lumentum Holdings Inc | 0.01% | $509.70 | -18.7% | $46.2B | - | - |
| MPWR | Monolithic Power System Inc | 0.01% | $1131.43 | -10.3% | $55.2B | 62.5 | 0.68% |
 ESI | Element Solutions Inc | 0.01% | $30.76 | -8.0% | $7.5B | 36.6 | 0.78% |
 JBL | Jabil Inc | 0.01% | $236.36 | -8.6% | $24.3B | 24.2 | 0.14% |
| PWR | Quanta Services Inc | 0.01% | $509.06 | -12.3% | $76.7B | 46.1 | 0.09% |
 SNX | TD Synnex Corp | 0.01% | $215.37 | -6.5% | $17.2B | 13.1 | 0.89% |
| GLW | Corning Inc | 0.01% | $103.43 | -12.9% | $89.1B | 42.0 | 1.12% |
 DINO | HF Sinclair Corp | 0.01% | $97.77 | -6.5% | $16.8B | 5.0 | 2.11% |
JPMorgan Diversified Return U.S. Mid Cap Equity ETF Investor Checkpoints
Here are the points to review before investing in JPME. Multi-factor and risk diversification are attractive, but relative weakness in rallies led by specific stocks, mid-cap volatility, and fees should be checked in advance. It is also a good idea to compare it with simple mid-cap products.
| Checkpoint | What to check | Current status |
|---|---|---|
| 📊 Multi-factor | Review the factor mix, such as value, quality, and momentum | Multi-factor |
| ⚖️ Risk diversification | Review the sector risk diversification method | Diversified weighting |
| ⚡ Volatility | Review mid-cap volatility | Somewhat high |
| 💵 Expense ratio | Check the fee level for a factor ETF | Somewhat high |
Relative weakness in rallies led by specific stocks, mid-cap volatility, and tracking differences are the main variables for long-term performance, and a rule-based strategy can diverge from the market average depending on the period. Even a diversified structure can incur losses during market crashes.
It is a suitable candidate for investors who want U.S. mid-cap exposure that applies multi-factor selection and sector risk diversification together. If simple mid-cap exposure is the priority, consider products such as IJH and MDY; if you want multi-factor and risk diversification, it is advisable to compare this product alongside them before choosing.
SubscribeDisclaimer: This content is for informational purposes only and does not constitute investment advice. All investment responsibility lies with the investor.
This article reflects information as of June 10, 2026.
Today's 5 AI picks, all free