BWQG vs JUSA: Grades, Fees and Holdings Compared

BWM Quality Growth ETF

BWQGDCboe

JPMorgan U.S. Research Enhanced Large Cap ETF

JUSAANYSE Arca

Overlap

24.9%by weight

Expense ratio

JUSA −0.52pt a year

BWQG0.70%JUSA0.18%

Avg volume · 30D

JUSA 8.7×the volume

BWQG11.3KJUSA98.8K

BWQG vs JUSA Performance

Jul 31, 2026 – Oct 30, 2026

+3.7%BWQG+0.5%JUSA

Expense ratio: BWQG 0.70%; JUSA 0.18%, better
Fund size: BWQG $32M; JUSA $745M
1Y total return: BWQG No data; JUSA +10.8%
Yield (12M): BWQG No data; JUSA 0.72%
Holdings: BWQG 34; JUSA 263
Avg volume (30D): BWQG 11.3K sh; JUSA 98.8K sh, better
NAV per share: BWQG $25.33; JUSA $67.75
52W range

ETF.net Grade

Pillar letters and Scores for BWQG, JUSA, with each pillar’s weight
Pillar	BWQG	JUSA
Cost30% weight	F21	A99Higher
Mission25% weight	Not scored	A84
Risk15% weight	B69	A92Higher
Tradability15% weight	D33	B58Higher
Holdings10% weight	B56	A84Higher
Durability5% weight	F13	A76Higher

Rank among US Active Growth funds

How we build Categories ›

Same Category. BWQG and JUSA are both graded against the same 90 US Active Growth funds, so their Grades compare head to head.

US Active Growth⁠

Category · 90 funds

See all 90 ›

JUSA ranks 1st and BWQG 72nd of 90 funds in the US Active Growth Category.

Rank 1AJUSAJPMorgan U.S. Research Enhanced Large Cap ETFScore 86
Rank 2AGUSEGoldman Sachs Enhanced U.S. Equity ETFScore 84
Rank 70DTFGZThornburg Focus Growth FundScore 38
Rank 72DBWQGBWM Quality Growth ETFScore 37
Rank 72DFRTYAlger Mid Cap 40 ETFScore 37

Our read on each fund

ETF.net Research

BWQGDBWM Quality Growth ETF

JUSAAJPMorgan U.S. Research Enhanced Large Cap ETF

In short

BWQG No data

JUSA Active stock picking in index clothing: J.P. Morgan analysts tilt roughly 300 large caps while sector weights and risk stay close to the S&P 500, for 0.18% a year with no waiver attached.

Stated mandate

BWQG No data

JUSA The fund seeks capital appreciation through active, fundamental, bottom-up selection of large-cap U.S. equities. It targets companies with strong long-term earnings potential and attractive valuations relative to peers.

Why people hold it

BWQG No data

JUSA 0.18% a year with no waiver propping it up, below its category median. GUSE charges 0.30% and LRGC 0.39% for similar enhanced-index work; FELG ties it at 0.18%.
Active where it counts, plain where it doesn't: bottom-up stock picks across roughly 300 large caps, with sector mix and risk profile kept close to the S&P 500.jpmorgan.com
Stands among the strongest implementations in a 90-fund peer group of active large-cap funds, helped by a low fee and tightly managed risk.

Worth knowing

BWQG No data

JUSA Launched in March 2025, so there is only a short live record on this ticker to judge.
Moderately traded rather than a volume monster, so spreads can run wider than the giant index funds', especially in fast markets.
Tracking the S&P 500's sector weights limits how far results can stray from the benchmark in either direction. This is a nudge on the index, not a different bet.jpmorgan.com

Full BWQG profile⁠

Full JUSA profile⁠

BWQG vs JUSA Holdings

How BWQG and JUSA differ

Overlap by weight

24.9%

Shared holdings make up 82.4% of BWQG and 24.9% of JUSA.

Level by level

Holdings21 in both24.9%
Sector11 Sectors87.0%
Countryby domicile94.9%
Asset classEquity100%

Sector

Sector weights in BWQG and JUSA, widest gap first
Sector	More in BWQGMore in JUSA	BWQG	JUSA
Technology	BWQG +6.9 points	47.6%	40.7%
Health Care	JUSA +3.9 points	5.1%	9.0%
Communication	BWQG +3.5 points	13.5%	10.0%
Consumer Staples	JUSA +3.0 points	0.6%	3.6%
Industrials	BWQG +2.3 points	9.6%	7.3%
Energy	JUSA +1.9 points	1.4%	3.3%
Utilities	JUSA +1.4 points	0.5%	1.9%
Real Estate	JUSA +1.3 points	0.4%	1.7%
Materials	JUSA +1.2 points	0.4%	1.6%
Consumer Discretionary	JUSA +0.2 points	9.6%	9.8%
Financials	BWQG +0.2 points	11.3%	11.1%

Country, concentration and asset class

Country by domicile

Country weights in BWQG and JUSA, widest gap first
Country	More in BWQGMore in JUSA	BWQG	JUSA
United States	JUSA +5.1 points	94.8%	99.9%
Netherlands	BWQG +5.0 points	5.0%	0.0%
Other countries (11)	BWQG +0.1 points	0.2%	0.1%

Concentration

Weight in the 10 largest Holdings

BWQG58.2%
JUSA37.8%

Securities held

BWQG34
JUSA261

Asset class

BWQG: Equity
JUSA: Equity

Holdings

Only in BWQG13
In both21
Only in JUSA240

Only in BWQG

13 securities, 17.6% of BWQG by weight

Invesco S&P 500 Equal Weight ETF6.50%
ASML Holding NV4.77%
BWX Technologies Inc1.59%
State Street SPDR S&P 500 ETF Trust1.23%
Argan Inc0.75%
VictoryShares Free Cash Flow ETF0.73%
Vanguard Morningstar Mega Cap ETF0.70%
iShares MSCI USA Quality Factor ETF0.59%
First American Government Obligations Fund 12/01/20310.27%
Fundstrat Granny Shots US Large Cap ETF0.15%
Tweedy Browne Insider + Value ETF0.15%
State Street SPDR S&P Pharmaceuticals ETF0.09%
Invesco Food & Beverage ETF0.08%

Only in JUSA

240 securities, 74.9% of JUSA by weight

Apple Inc Common Stock7.31%
Microsoft Corp Common6.36%
Broadcom Inc Common2.54%
Alphabet Inc-Cl A -2.53%
Eli Lilly and Company1.54%
Exxonmobil Holdings Corp1.45%
Berkshire Hathaway Inc1.35%
Johnson & Johnson Common1.32%
Advanced Micro Devices1.22%
AbbVie Inc Common Stock1.15%
JPMorgan Prime Money0.95%
Rtx Corp0.93%
Lam Research Corp Common0.84%
Wells Fargo & Co Common0.77%
Philip Morris0.75%
Citigroup Inc Common0.70%
Conocophillips Common0.69%
UnitedHealth Group Inc0.67%
Bank of America Corp0.66%
Lowe's Cos Inc Common0.65%
Nextera Energy Inc0.64%
Pepsico Inc Common Stock0.64%
3M Co Common Stock USD0.62%
Costco Wholesale Corp0.61%
Eog Resources Inc Common0.60%
Us Bancorp Common Stock0.59%
Trane Technologies PLC0.57%
Charles Schwab Corp/The0.56%
The Southern Company0.55%
Walmart Inc Common Stock0.52%
Texas Instruments Inc0.50%
Bristol-Myers Squibb Co0.50%
AT&T Inc Common Stock USD0.48%
Mcdonald's Corp Common0.47%
Mondelez International0.47%
Howmet Aerospace Inc0.46%
Intel Corp Common Stock0.46%
Applied Materials Inc0.46%
Aon PLC Common Stock USD0.45%
Seagate Technology0.45%
Thermo Fisher Scientific0.45%
Regeneron Pharmaceuticals0.44%
Morgan Stanley Dean0.43%
Booking Holdings Inc0.42%
Equinix Inc Reit USD0.42%
The Walt Disney Company0.42%
Fifth Third Bancorp0.41%
Ecolab Inc Common Stock0.41%
Keurig Dr Pepper Inc0.41%
Arthur J Gallagher & Co0.40%

Weight gaps

All 21 Holdings in both funds, largest gap first.

Holding weights in BWQG and JUSA, widest gap first
Holding	More in BWQGMore in JUSA	BWQG	JUSA
Micron Technology IncMU	BWQG +5.01 points	6.58%	1.57%
Meta Platforms IncMETA	BWQG +4.76 points	6.92%	2.16%
Crowdstrike Holdings IncCRWD	BWQG +4.49 points	4.85%	0.36%
Intuitive Surgical IncISRG	BWQG +3.93 points	4.19%	0.26%
ServiceNow IncNOW	BWQG +3.52 points	3.68%	0.16%
Snowflake IncSNOW	BWQG +3.02 points	3.16%	0.14%
Eaton Corp PLCETN	BWQG +2.80 points	3.19%	0.39%
Uber Technologies IncUBER	BWQG +2.79 points	2.84%	0.05%
Visa IncV	BWQG +2.66 points	3.84%	1.18%
Amphenol CorpAPH	BWQG +2.60 points	3.15%	0.55%
Alphabet IncGOOG	BWQG +2.51 points	4.44%	1.93%
TransDigm Group IncTDG	BWQG +2.49 points	2.68%	0.19%
Mastercard IncMA	BWQG +2.39 points	3.66%	1.27%
Amazon.com IncAMZN	BWQG +2.27 points	6.22%	3.95%
Intercontinental Exchange IncICE	BWQG +2.11 points	2.26%	0.15%
Palantir Technologies IncPLTR	BWQG +2.11 points	2.68%	0.57%
NVIDIA CorpNVDA	BWQG +2.00 points	9.86%	7.86%
Accenture PLCACN	BWQG +1.86 points	2.34%	0.48%
Apollo Global Management IncAPO	BWQG +1.86 points	2.03%	0.17%
Tesla IncTSLA	BWQG +1.37 points	2.79%	1.42%
EQT CorpEQT	BWQG +1.00 points	1.08%	0.08%

All BWQG holdings⁠All 261 JUSA holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

BWQG vs JUSA Cost

Overpaying BWQG vs JUSA

$9,857

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

BWQG 0.70%
$13,606
JUSA 0.18%
$3,749

Amount$10,000

Years30 years

Cost over time

BWQG 0.70%
JUSA 0.18%
Overpaying

Year by year

Year	BWQG	JUSA	Overpaying
10	$1,250	$328	$922
20	$4,760	$1,281	$3,479
30	$13,606	$3,749	$9,857

Expense ratio

0.70%BWQG
0.18%JUSA, cheaper

JUSA0.18%BWQG0.70%

0.18%2.83%

Middle half of US Active Growth funds
Median 0.55%

JUSA cheapest of 90 funds

BWQG 71st cheapest of 90 funds

BWQG vs JUSA Dividends

Last 12 months to Oct 30, 2026

Yield (12M): BWQG No data; JUSA 0.72%
Payout (12M): BWQG None; JUSA $0.49
Last payment: BWQG No data; JUSA $0.13
Ex-dividend: BWQG No data; JUSA Sep 22, 2026
Paid on: BWQG No data; JUSA Sep 24, 2026
Frequency: BWQG No data; JUSA Quarterly

Distribution history

Per share, 2025 to 2026, same scale for both

BWQGAll BWQG payments⁠

No distribution history available.

JUSAQuarterly · 6 paymentsAll JUSA payments⁠

BWQG vs JUSA Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: BWQG No dataJUSA 11.6%since Apr 2025
Return per unit of riskSharpe ratio, 3 years: BWQG No dataJUSA 1.41since Apr 2025
Worst fallMax drawdown, 5 years: BWQG No dataJUSA −14.0%since Mar 2025
Market sensitivityBeta, 5 years: BWQG 0.00JUSA 0.98; Market = 1

BWQG and JUSA in the news

All news⁠

New ETFs
YieldMax lists an SK hynix options ETF that does not own the shares
Oct 28, 2026JUSA
ETF Filings
JPMorgan All Country Research Enhanced Equity ETF sets 0.22% fee, ticker JALL
Sep 4, 2026JUSA

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BWQG vs JUSA

In short

Stated mandate

Why people hold it

Worth knowing

How BWQG and JUSA differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in BWQG

Only in JUSA

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

YieldMax lists an SK hynix options ETF that does not own the shares

JPMorgan All Country Research Enhanced Equity ETF sets 0.22% fee, ticker JALL

How BWQG and JUSA differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in BWQG

Only in JUSA

Weight gaps