GROZ vs JUSA: Grades, Fees and Holdings Compared

Zacks Focus Growth ETF

GROZBCboe

JPMorgan U.S. Research Enhanced Large Cap ETF

JUSAANYSE Arca

Overlap

48.4%by weight

Expense ratio

JUSA −0.37pt a year

GROZ0.55%JUSA0.18%

Avg volume · 30D

JUSA 5.6×the volume

GROZ19.9KJUSA112K

GROZ vs JUSA Performance

Nov 7, 2025 – Nov 9, 2026

+6.7%GROZ+12.2%JUSA

Expense ratio: GROZ 0.55%; JUSA 0.18%, better
Fund size: GROZ $115M; JUSA $871M
1Y total return: GROZ +6.7%; JUSA +12.2%, better
Yield (12M): GROZ No data; JUSA 0.72%
Holdings: GROZ 47; JUSA 264
Avg volume (30D): GROZ 19.9K sh; JUSA 112K sh, better
NAV per share: GROZ $30.64; JUSA $65.95
52W range

ETF.net Grade

Pillar letters and Scores for GROZ, JUSA, with each pillar’s weight
Pillar	GROZ	JUSA
Cost30% weight	C47	A99Higher
Mission25% weight	Not scored	A84
Risk15% weight	A72	A92Higher
Tradability15% weight	A73Higher	B60
Holdings10% weight	B55	A83Higher
Durability5% weight	C44	A77Higher

Rank among US Active Growth funds

How we build Categories ›

Same Category. GROZ 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 GROZ 29th 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 29BFMAGFidelity Magellan ETFScore 57
Rank 29BGROZZacks Focus Growth ETFScore 57
Rank 29BIWFGNYLI Winslow Focused Large Cap Growth ETFScore 57

Our read on each fund

ETF.net Research

GROZBZacks Focus Growth ETF

JUSAAJPMorgan U.S. Research Enhanced Large Cap ETF

In short

GROZ 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

GROZ 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

GROZ 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

GROZ 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 GROZ profile⁠

Full JUSA profile⁠

GROZ vs JUSA Holdings

How GROZ and JUSA differ

Overlap by weight

48.4%

Shared holdings make up 93.0% of GROZ and 49.3% of JUSA.

Level by level

Holdings37 in both48.4%
Sector11 Sectors79.7%
Asset classStocks100%
Countryby domicile99.9%

Sector

Sector weights in GROZ and JUSA, widest gap first
Sector	Gap	GROZ	JUSA
Technology	GROZ +14.9 points	51.2%	36.3%
Financials	JUSA +8.3 points	4.3%	12.6%
Communication	GROZ +4.4 points	13.1%	8.7%
Energy	JUSA +2.6 points	1.0%	3.6%
Utilities	JUSA +2.4 points	0.0%	2.4%
Industrials	JUSA +2.3 points	5.2%	7.5%
Real Estate	JUSA +1.9 points	0.0%	1.9%
Materials	JUSA +1.6 points	0.0%	1.6%
Consumer Discretionary	JUSA +1.0 points	9.6%	10.6%
Consumer Staples	GROZ +0.8 points	5.3%	4.5%
Health Care	JUSA +0.2 points	10.2%	10.4%

Country, concentration and asset class

Country by domicile

Country weights in GROZ and JUSA, widest gap first
Country	Gap	GROZ	JUSA
United States	GROZ +0.1 points	100.0%	99.9%
Switzerland	JUSA +0.1 points	0.0%	0.1%
China	Same weight	0.0%	0.0%

Concentration

Weight in the 10 largest Holdings

GROZ58.5%
JUSA38.0%

Securities held

GROZ46
JUSA262

Asset class

GROZ: Stocks
JUSA: Stocks

Holdings

Only in GROZ9
In both37
Only in JUSA225

Only in GROZ

9 securities, 7.2% of GROZ by weight

Cardinal Health1.72%
Roku Inc1.38%
Phillips 660.96%
Tjx Cos Inc0.76%
Monster Beverage0.58%
Bloom Energy C-A0.48%
Atlassian Corp-A0.47%
Bbh Sweep Vehicle0.43%
Ati Inc0.42%

Only in JUSA

225 securities, 50.6% of JUSA by weight

Alphabet Inc-Cl C -2.02%
Berkshire Hathaway Inc1.46%
Johnson & Johnson Common1.37%
Exxonmobil Holdings Corp1.30%
JPMorgan Prime Money1.11%
Rtx Corp0.88%
Wells Fargo & Co Common0.79%
Philip Morris0.73%
Lowe's Cos Inc Common0.72%
Citigroup Inc Common0.70%
Nextera Energy Inc Common0.69%
3M Co Common Stock USD0.68%
Pepsico Inc Common Stock0.68%
Bank of America Corp0.67%
UnitedHealth Group Inc0.67%
Conocophillips Common0.63%
Us Bancorp Common Stock0.60%
Charles Schwab Corp/The0.60%
Trane Technologies PLC0.57%
The Southern Company0.56%
Eog Resources Inc Common0.53%
Bristol-Myers Squibb Co0.52%
Mcdonald's Corp Common0.52%
AT&T Inc Common Stock USD0.49%
Mondelez International0.49%
Aon PLC Common Stock USD0.48%
Accenture PLC Common0.47%
Booking Holdings Inc0.47%
Thermo Fisher Scientific0.46%
Stryker Corp Common Stock0.45%
The Walt Disney Company0.45%
Regeneron Pharmaceuticals0.44%
Morgan Stanley Dean0.44%
Equinix Inc Reit USD0.43%
Keurig Dr Pepper Inc0.43%
Arthur J Gallagher & Co0.42%
Fifth Third Bancorp0.42%
Ecolab Inc Common Stock0.41%
Intel Corp Common Stock0.41%
Chipotle Mexican Grill0.40%
Capital One Financial0.39%
Nxp Semiconductors NV0.38%
Eaton Corp PLC Common0.37%
Medtronic PLC Common0.37%
Vertex Pharmaceuticals0.36%
Ventas Inc Reit USD 0.250.36%
Autozone Inc Common Stock0.35%
Edwards Lifesciences Corp0.35%
Progressive Corp/The0.34%
Entergy Corp Common Stock0.34%

Weight gaps

All 37 Holdings in both funds, largest gap first.

Holding weights in GROZ and JUSA, widest gap first
Holding	Gap	GROZ	JUSA
Alphabet Inc-AGOOGL	GROZ +3.83 points	6.47%	2.64%
Apple IncAAPL	GROZ +3.13 points	10.59%	7.46%
Eli Lilly & CoLLY	GROZ +2.92 points	4.43%	1.51%
Tesla IncTSLA	GROZ +2.32 points	3.63%	1.31%
Micron TechMU	GROZ +2.27 points	3.53%	1.26%
Broadcom IncAVGO	GROZ +2.27 points	4.62%	2.35%
Meta Platforms-AMETA	GROZ +2.24 points	4.44%	2.20%
Costco WholesaleCOST	GROZ +2.21 points	2.86%	0.65%
Dell Techn-CDELL	GROZ +1.91 points	2.07%	0.16%
Microsoft CorpMSFT	GROZ +1.82 points	8.47%	6.64%
Ge Aerospace CompanyGE	GROZ +1.69 points	1.83%	0.14%
Emcor Group IncEME	GROZ +1.48 points	1.52%	0.04%
NVIDIA CorpNVDA	GROZ +1.44 points	8.81%	7.37%
Palantir Techn-APLTR	GROZ +1.29 points	1.87%	0.58%
Amphenol Corp-AAPH	GROZ +1.22 points	1.76%	0.54%
Visa Inc-Class AV	GROZ +1.20 points	2.44%	1.24%
Cencora IncCOR	GROZ +1.17 points	1.23%	0.06%
Lam ResearchLRCX	GROZ +1.04 points	1.76%	0.72%
Coca-Cola Co/TheKO	GROZ +0.96 points	1.16%	0.20%
Amazon.com IncAMZN	JUSA +0.90 points	3.48%	4.38%
Adv Micro DeviceAMD	GROZ +0.86 points	1.98%	1.12%
Marvell TechnoloMRVL	GROZ +0.81 points	0.96%	0.15%
Home Depot IncHD	GROZ +0.79 points	0.86%	0.07%
Intuitive SurgicISRG	GROZ +0.73 points	1.01%	0.28%
AbbVie IncABBV	GROZ +0.61 points	1.78%	1.17%
Mastercard Inc-AMA	GROZ +0.50 points	1.84%	1.34%
Ross Stores IncROST	GROZ +0.49 points	0.82%	0.33%
Howmet AerospaceHWM	GROZ +0.46 points	0.95%	0.49%
Twilio Inc - ATWLO	GROZ +0.45 points	0.53%	0.08%
Applied MaterialAMAT	GROZ +0.44 points	0.84%	0.40%
Netflix IncNFLX	GROZ +0.36 points	0.80%	0.44%
Western DigitalWDC	GROZ +0.35 points	0.64%	0.29%
Fortinet IncFTNT	GROZ +0.33 points	0.49%	0.16%
Oracle CorpORCL	GROZ +0.30 points	0.54%	0.24%
Arista NetworksANET	GROZ +0.29 points	0.57%	0.28%
Texas InstrumentTXN	GROZ +0.25 points	0.71%	0.47%
Walmart IncWMT	GROZ +0.16 points	0.70%	0.54%

All 45 GROZ holdings⁠All 262 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.

GROZ vs JUSA Cost

Overpaying GROZ vs JUSA

$7,155

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

GROZ 0.55%
$10,904
JUSA 0.18%
$3,749

Amount$10,000

Years30 years

Cost over time

GROZ 0.55%
JUSA 0.18%
Overpaying

Year by year

Year	GROZ	JUSA	Overpaying
10	$988	$328	$660
20	$3,790	$1,281	$2,509
30	$10,904	$3,749	$7,155

Expense ratio

0.55%GROZ
0.18%JUSA, cheaper

JUSA0.18%GROZ0.55%

0.18%2.83%

Middle half of US Active Growth funds
Median 0.55%

JUSA cheapest of 90 funds

GROZ 43rd cheapest of 90 funds

GROZ vs JUSA Dividends

Last 12 months to Nov 9, 2026

Yield (12M): GROZ No data; JUSA 0.72%
Payout (12M): GROZ No data; JUSA $0.49
Last payment: GROZ $0.01; JUSA $0.13
Ex-dividend: GROZ Dec 29, 2025; JUSA Sep 22, 2026
Paid on: GROZ Jan 2, 2026; JUSA Sep 24, 2026
Frequency: GROZ Irregular; JUSA Quarterly

Distribution history

Per share, 2025 to 2026, same scale for both

GROZIrregular · 1 paymentAll GROZ payments⁠

JUSAQuarterly · 6 paymentsAll JUSA payments⁠

GROZ vs JUSA Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: GROZ 16.7%since Jan 2025JUSA 11.6%since Apr 2025
Return per unit of riskSharpe ratio, 3 years: GROZ 0.70since Jan 2025JUSA 1.41since Apr 2025
Worst fallMax drawdown, 5 years: GROZ −23.3%since Dec 2024JUSA −14.0%since Mar 2025
Market sensitivityBeta, 5 years: GROZ 1.24JUSA 0.98; Market = 1

GROZ 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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GROZ vs JUSA

In short

Stated mandate

Why people hold it

Worth knowing

How GROZ and JUSA differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in GROZ

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 GROZ and JUSA differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in GROZ

Only in JUSA

Weight gaps