ETF Evaluator:
JPMorgan US Quality Factor ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Large Blend Over the Last Year
| 62.5% | ARS Focused Opportunities Strategy ETF (AFOS) |
| 35.7% | Mohr Company Nav ETF (CNAV) |
| 33.9% | Impact Shares NAACP Minority Empwrmt ETF (NACP) |
| 31.8% | Astoria US Equal Weight Quality KingsETF (ROE) |
| 30.5% | FIS Bright Portfolios Focused Equity ETF (BRIF) |
Risk
Index
Risk
Index
ETF Details
JPMorgan US Quality Factor ETF Overview
JPMorgan US Quality Factor ETF (JQUA) is a passively managed U.S. Equity Large Blend exchange-traded fund (ETF). JPMorgan launched the ETF in 2017.
The investment seeks investment results that closely correspond, before fees and expenses, to the performance of the JP Morgan US Quality Factor Index.
The fund will invest at least 80% of its assets in securities included in the underlying index. "Assets" means net assets, plus the amount of borrowing for investment purposes. The underlying index is comprised of U.S. equity securities selected to represent quality factor characteristics.
About JPMorgan US Quality Factor ETF (JQUA)
There are 3 members of the management team with an average tenure of 7.07 years: Yazann Romahi (2017), Joe Staines (2017) and Natalia Zvereva (2022). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: Russell 1000 TR USD index with a weighting of 100% and JPM US Quality Factor TR USD index with a weighting of 100%. JPMorgan US Quality Factor ETF has 312 securities in its portfolio. The top 10 holdings constitute 18.7% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
JPMorgan US Quality Factor ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. JPMorgan US Quality Factor ETF has 0.7% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 99.1% There is 0.7% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). JPMorgan US Quality Factor ETF has 0.2% of the portfolio in cash.
Assets Under Management
The fund has $8 billion in total assets, which is below the $13 billion average for the Large Blend category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
JQUA Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The JPMorgan US Quality Factor ETF expense ratio is low compared to funds in the Large Blend category. JPMorgan US Quality Factor ETF has an expense ratio of 0.12%, which is 71% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. JPMorgan US Quality Factor ETF has a portfolio turnover rate of 19%, which indicates that it holds its assets around / 0.1 years. By way of comparison, the average portfolio turnover is 158% for the Large Blend category.
Recently, in the month of July 2026, JPMorgan US Quality Factor ETF returned -0.2%, which earned it a grade of C, as the Large Blend category had an average return of -0.8%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
JPMorgan US Quality Factor ETF has a trailing yield of 1.08%, which is below the 1.16% category average.
The fund normally distributes its income quarterly.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
JPMorgan US Quality Factor ETF Grades
Year to date, the ETF has returned 14.9%, 5.4 percentage points better than the category, which translates into a grade of A. The fund has returned 20.9% over the past year (grade of B), 18.0% over the past three years (grade of C) and 12.9% per year over the past five years (grade of B).
For more ETF grades, analysis and screening tools to help your investment discovery, join AAII for a $2, full-access trial. Learn more here: https://invest.aaii.com/membership.
Otherwise, for more information about JPMorgan US Quality Factor ETF, including its riskiness, submit your email to unlock the rest of the article.
Gain access to exclusive AAII member-only content.
JQUA Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| JQUA Return (NAV) | -0.2% | 9.1% | 20.9% | 18.0% | 12.9% | na |
| JQUA Return (Price) | -0.1% | 9.1% | 20.9% | 18.0% | 12.9% | na |
| NAV +/- Price Return | -0.148% | -0.049% | -0.003% | 0.001% | -0.010% | na |
| Large Blend Avg | -0.8% | 3.7% | 17.5% | 17.4% | 11.2% | 13.6% |
| JQUA Grade (NAV) | C | A | B | C | B | na |
| +/- Category (NAV) | 0.6% | 5.3% | 3.4% | 0.6% | 1.7% | na |
| JQUA Tax-Cost Ratio | na | na | 0.5% | 0.5% | 0.6% | na |
JQUA Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| JQUA Return (NAV) | 14.9% | 11.7% | 21.1% | 25.1% | -13.4% | 28.8% | 16.3% | 28.1% | -1.9% | na | na |
| JQUA Return (Price) | 14.9% | 11.7% | 21.2% | 25.1% | -13.5% | 28.7% | 16.5% | 28.5% | -3.0% | na | na |
| NAV +/- Price Ret | 0.004% | -0.005% | 0.004% | 0.001% | 0.002% | -0.005% | 0.016% | 1.5% | 55.7% | na | na |
| Large Blend Avg | 9.5% | 15.3% | 21.9% | 22.9% | -17.1% | 26.9% | 18.3% | 29.6% | -5.1% | 21.5% | 11.4% |
| JQUA Grade (NAV) | A | F | D | C | A | B | D | D | A | na | na |
| +/- Category | 5.4% | -3.6% | -0.8% | 2.2% | 3.6% | 1.9% | -2.1% | -1.6% | 3.2% | na | na |
| Risk Measures | |
| Beta: | 0.88 |
| R-Squared: | 88% |
| Standard Deviation: | 12.2% |
| Category Risk Index: | 0.90 |
| Category Risk Rating: | Low |
| Total Risk Index: | 0.99 |
| Total Risk Rating: | Below Average |
| Portfolio Characteristics | |
| Yield: | 1.1% |
| Total Assets: | $ 8,219 Mil |
| Share Class Assets: | $ 8,219 Mil |
| Turnover: | 19.0% |
| Expense Ratio: | 0.12% |
| Index Fund: | Yes |
| Index Tracked: | Russell 1000 TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | |
| Income Distribution Frequency: | Quarterly |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 8.7 years | |||
| Average Tenure: 7.1 years | |||
| Managers (Year): Romahi Yazann (2017), Staines Joe (2017), Zvereva Natalia (2022) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 312 |
| % in Top 10 Holdings: | 18.7% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 0.7% |
Portfolio Allocation |
|
| Domestic Stock: | 99.1% |
| Foreign Stock: | 0.7% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.2% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | JPMorgan |
| Phone Number: | 844-457-6383 |
| Website: | jpmorganfunds.com |
| Inception Date: | November 8, 2017 |
Expenses and Fees
| Expense Ratio (%): | 0.12% (Rating: Low) |
| Category Average Expense Ratio (%): | 0.41% |
