ADPV vs JMOM

ADPVDAdaptiv Select ETF

JMOMAJPMorgan U.S. Momentum Factor ETF

In short

ADPV Most momentum funds rank stocks. Adaptiv Select points the idea at the whole market: an active US equity fund with a regime filter that seeks gains when the market is rising and aims to limit drawdowns when it falls.

JMOM Momentum without the markup. JMOM screens US stocks for strong risk-adjusted momentum rather than raw price runs, and charges 0.12%, a fraction of what the typical fund in its category asks.

Stated mandate

ADPV The Fund seeks long-term capital appreciation when the broad U.S. equity market is rising and aims to limit drawdowns during broad-market declines.

JMOM The fund seeks domestic equity exposure focused on companies with strong risk-adjusted momentum and potential return enhancement.

Why people hold it

• ADPV One job, stated plainly: own US stocks while the broad market is rising and limit drawdowns when it declines. The drawdown language is written into the mandate itself.
• Unusual wiring for its cohort. Peers such as MTUM and SPMO screen individual stocks for momentum; ADPV runs a market-level regime filter instead.
• Live since late 2022, so the regime calls have a real-world record you can inspect rather than a backtest.

• JMOM At 0.12%, the lowest fee among its momentum peers: it undercuts VFMO and SPMO (0.13%) and MTUM (0.15%), and sits far below the roughly 0.69% category median.
• The screen targets risk-adjusted momentum, not just the biggest price runs, so how bumpy a stock's climb was factors into whether it makes the cut.jpmorgan.com
• Holds roughly 300 US names, a wider net than momentum sleeves that concentrate in a few dozen winners, and it pays out quarterly.
• Live since 2017 and now a multi-billion-dollar fund, it rates as one of the stronger implementations in the systematic US momentum group.

Worth knowing

• ADPV The 1.00% expense ratio is the price of the model. Index momentum peers like SPMO and MTUM charge 0.13% and 0.15% for a stock-ranking approach.
• Thinly traded, so bid-ask spreads can run wider than in the cohort's heavyweights, and the round trip costs more than the headline fee suggests.
• No published index sits behind it, so there is no tracking yardstick to check it against. Outcomes ride entirely on the manager's regime read.

• JMOM Momentum by construction leans into what has already been working, which means the portfolio can be caught on the wrong side when market leadership flips.
• The benchmark is J.P. Morgan's own US Momentum Factor Index, so methodology and rebalance rules sit with the issuer rather than an outside index provider.jpmorgan.com
• Only moderately traded next to the category's headline tickers, so spreads are worth a look before placing size.

Full ADPV profile⁠

Full JMOM profile⁠