DWUS vs JMOM

DWUSDAdvisorShares Dorsey Wright FSM U.S. Core ETF

JMOMAJPMorgan U.S. Momentum Factor ETF

In short

DWUS Most momentum ETFs stay fully invested. DWUS is a fund of ETFs that follows Dorsey Wright relative-strength rankings into top-ranked US large-cap sectors, then shifts toward cash and short-term bonds when the model flags broad equity weakness.

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

DWUS The Fund seeks long-term capital appreciation, with capital preservation as a secondary objective.

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

Why people hold it

• DWUS Built-in defensive switch: when the model reads broad equity weakness and cash strength, the advisor can move some or all of the portfolio to short-duration bond ETFs, money market funds and cash.sec.gov
• Rules over hunches: the model ranks a pre-set universe of US large-cap ETFs on technical indicators, holds the top tier, and swaps anything that drops out into a defensive position.sec.gov
• Capital preservation sits in the mandate as a stated secondary objective, which is unusual company for a momentum strategy.advisorshares.com
• While parked in defensives, the fund shortens its rebalancing schedule to look for a route back into equity ETFs once the model turns favorable again.sec.gov

• 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

• DWUS Cost is the headline trade-off: 1.08% a year versus a momentum-peer median near 0.69%, with index-based peers like MTUM, SPMO, VFMO and JMOM at 0.15% or less.
• A small, thinly traded fund, so bid-ask spreads can run wider than on the big index momentum names.
• The strategy may involve frequent buying and selling, which the prospectus notes can lift transaction costs and taxable distributions.sec.gov

• 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 DWUS profile⁠

Full JMOM profile⁠