CAML vs JUSA

CAMLCCongress Large Cap Growth ETF

JUSAAJPMorgan U.S. Research Enhanced Large Cap ETF

In short

CAML An active large-cap growth picker that blends growth, momentum and value signals and treats the Russell 1000 Growth as a yardstick, not a blueprint. Launched in 2023, and priced above most of its peer group for that human judgment.

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

CAML Its stated objective is long-term capital appreciation.

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

• CAML Genuinely active: holdings come from Congress's own multi-factor screen spanning growth, momentum and value, with the Russell 1000 Growth as the reference point rather than a template.
• Past the fragile startup stage. Since its 2023 launch it has gathered hundreds of millions, which is more than most young active ETFs manage.
• Simple plumbing: a standard 1940 Act stock fund. No leverage resets, no K-1 at tax time, no derivatives wrapper to decode.

• 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

• CAML At 0.65% it runs above the typical fund in its peer group, and rivals benchmarked to the same index charge less (ACGR 0.39%, PGRO 0.50%, FFOG 0.41%).
• Thinly traded next to the category's heavyweights, so wider bid-ask spreads come with the territory, especially around the open and in fast markets.
• Distributions arrive annually or semiannually. The mandate is capital appreciation, not a regular income stream.

• 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 CAML profile⁠

Full JUSA profile⁠