JPMorgan US Momentum Factor ETF

JMOM

市值 US$26.6億

Sam Huszczo, founder & CIO of SGH Wealth Management, joins Scarlet Fu, Katie Greifeld, and Eric Balchunas on "Bloomberg ETF IQ." They discuss retail investing, JPMorgan US Momentum Factor ETF (ticker: JMOM), leveraged ETFs, and the SpaceX IPO.

War de-escalation hopes lift risk sentiment. High-beta & momentum ETFs like SPHB, SPMO, JMOM may rebound but still-high VIX and oil prices keep risks alive.

JPMorgan U.S. Momentum Factor ETF (JMOM) offers a diversified portfolio of 265 large and mid-cap U.S. stocks with a focus on risk-adjusted return. JMOM closely tracks the Russell 1000 in sector allocation and historical returns, with slightly higher growth rates and marginally higher valuation. Compared to other momentum ETFs, JMOM stands out for its low expense ratio and above-average performance, but lags SPMO.

JMOM provides diversified, sector-balanced momentum exposure, avoiding heavy concentration in mega caps and individual stocks, which helps control volatility. The fund trades at a slight premium to the market but is cheaper than most momentum ETF peers, with competitive risk-adjusted returns and low expenses. Performance has closely tracked the Russell 1000, offering consistent returns and moderate volatility, making it a stable choice among momentum ETFs.

Jay Jacobs, BlackRock head of U.S. equity ETFs, joins CNBC's Dom Chu on ‘ETF Edge' to debate the momentum trade and if it is insulated from the tariff and economic uncertainty. Nate Geraci, ETF Store president, also joins the convo.

Momentum investing is likely to be a winning strategy for those seeking higher returns in a short spell.

JMOM's momentum-factor strategy targets U.S. large-cap and mid-cap stocks, matching Russell 1000's sector weights to reduce concentration risk and adapt to market changes. The fund's higher exposure to mid-cap and small-cap stocks increases volatility and downside risk, making it suitable for tactical plays in sustained bull markets. JMOM outperforms in the second stage of bull markets, as it reallocates towards stocks that performed well initially, but underperforms during market corrections.

JMOM is rated as a hold due to mixed factors, including strong past performance but high valuations and risks for top holdings. JMOM focuses on large-cap U.S. equities with positive price trends, using a rules-based approach, and has a low expense ratio of 0.12%. Risks for top holdings like Broadcom and Apple, and the potential for small caps to outperform large caps in 2025 are key consideration factors.

JPMorgan U.S. Momentum Factor ETF selects Russell 1000 stocks based on 12-month risk-adjusted returns. The JMOM ETF is well-diversified across holdings, and has a sector breakdown close to its parent index, overweight in technology. JMOM is also close to the Russell 1000 in valuation, a good point for a momentum fund, and in performance, which is disappointing.

Finally, someone believes the trend in the S&P 500 is their friend. In mid-August, the Invesco S&P 500 Momentum ETF (SPMO) had its 2024 net inflows nearly double.