HIAI vs JUSA: Grades, Fees and Holdings Compared

Ai Funds High Conviction US Equity AI-Managed ETF

HIAI—Cboe

JPMorgan U.S. Research Enhanced Large Cap ETF

JUSAANYSE Arca

Overlap

23.3%by weight

Expense ratio

JUSA −0.69pt a year

HIAI0.87%JUSA0.18%

Avg volume · 30D

JUSA 3.1×the volume

HIAI32.3KJUSA98.8K

HIAI vs JUSA Performance

Sep 30, 2026 – Oct 30, 2026

−1.0%HIAI−1.0%JUSA

Expense ratio: HIAI 0.87%; JUSA 0.18%, better
Fund size: HIAI $21M; JUSA $745M
1Y total return: HIAI No data; JUSA +10.8%
Yield (12M): HIAI No data; JUSA 0.72%
Holdings: HIAI 48; JUSA 263
Avg volume (30D): HIAI 32.3K sh; JUSA 98.8K sh, better
NAV per share: HIAI $25.39; JUSA $67.75
52W range

ETF.net Grade

—HIAINot yet graded

Pillar letters and Scores for HIAI, JUSA, with each pillar’s weight
Pillar	HIAI	JUSA
Cost30% weight	Not scored	A99
Mission25% weight	Not scored	A84
Risk15% weight	Not scored	A92
Tradability15% weight	Not scored	B58
Holdings10% weight	Not scored	A84
Durability5% weight	Not scored	A76

Rank among US Active Growth funds

How we build Categories ›

US Active Growth⁠

Category · 90 funds

See all 90 ›

JUSA ranks 1st 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
HIAINot yet graded

Our read on each fund

ETF.net Research

HIAI—Ai Funds High Conviction US Equity AI-Managed ETF

JUSAAJPMorgan U.S. Research Enhanced Large Cap ETF

In short

HIAI 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

HIAI 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

HIAI 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

HIAI 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 HIAI profile⁠

Full JUSA profile⁠

HIAI vs JUSA Holdings

How HIAI and JUSA differ

Overlap by weight

23.3%

Shared holdings make up 56.2% of HIAI and 29.7% of JUSA.

Level by level

Holdings23 in both23.3%
Sector11 Sectors84.8%
Countryby domicile90.8%
Asset classEquity100%

Sector

Sector weights in HIAI and JUSA, widest gap first
Sector	More in HIAIMore in JUSA	HIAI	JUSA
Health Care	HIAI +6.3 points	15.3%	9.0%
Financials	JUSA +6.0 points	5.1%	11.1%
Consumer Discretionary	HIAI +5.9 points	15.7%	9.8%
Consumer Staples	HIAI +2.4 points	6.0%	3.6%
Industrials	JUSA +2.3 points	5.0%	7.3%
Utilities	JUSA +1.9 points	0.0%	1.9%
Technology	JUSA +1.9 points	38.8%	40.7%
Real Estate	JUSA +1.7 points	0.0%	1.7%
Materials	JUSA +0.8 points	0.8%	1.6%
Communication	JUSA +0.6 points	9.4%	10.0%
Energy	HIAI +0.6 points	3.9%	3.3%

Country, concentration and asset class

Country by domicile

Country weights in HIAI and JUSA, widest gap first
Country	More in HIAIMore in JUSA	HIAI	JUSA
United States	JUSA +9.1 points	90.8%	99.9%
Taiwan	HIAI +3.4 points	3.4%	0.0%
Israel	HIAI +2.7 points	2.7%	0.0%
Brazil	HIAI +1.7 points	1.7%	0.0%
Peru	HIAI +1.4 points	1.4%	0.0%
Other countries (2)	JUSA +0.1 points	0.0%	0.1%

Concentration

Weight in the 10 largest Holdings

HIAI48.3%
JUSA37.8%

Securities held

HIAI47
JUSA261

Asset class

HIAI: Equity
JUSA: Equity

Holdings

Only in HIAI24
In both23
Only in JUSA238

Only in HIAI

24 securities, 43.6% of HIAI by weight

Cheesecake Factory Inc/The6.90%
US Foods Holding Corp3.11%
Manhattan Associates Inc2.91%
Halozyme Therapeutics Inc2.61%
Elbit Systems Ltd2.56%
Petroleo Brasileiro SA - Petrobras2.49%
ASE Technology Holding Co Ltd2.43%
Revolution Medicines Inc2.24%
Urban Outfitters Inc2.09%
Gilead Sciences Inc2.04%
Exelixis Inc1.95%
Twist Bioscience Corp1.90%
Frontline PLC1.60%
eBay Inc1.14%
West Pharmaceutical Services Inc1.07%
Coca-Cola Consolidated Inc0.94%
Liquidia Corp0.88%
Tenet Healthcare Corp0.83%
Life Time Group Holdings Inc0.79%
Lantheus Holdings Inc0.73%
Cardinal Health Inc0.71%
Millicom International Cellular SA0.60%
Moderna Inc0.57%
Murphy USA Inc0.50%

Only in JUSA

238 securities, 70.1% of JUSA by weight

NVIDIA Corp Common Stock7.86%
Broadcom Inc Common2.54%
Alphabet Inc-Cl C -1.93%
Eli Lilly and Company1.54%
Exxonmobil Holdings Corp1.45%
Tesla Inc Common Stock1.42%
Berkshire Hathaway Inc1.35%
Mastercard Inc Common1.27%
Visa Inc Common Stock USD1.18%
AbbVie Inc Common Stock1.15%
JPMorgan Prime Money0.95%
Rtx Corp0.93%
Lam Research Corp Common0.84%
Wells Fargo & Co Common0.77%
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%
Palantir Technologies Inc0.57%
Trane Technologies PLC0.57%
Charles Schwab Corp/The0.56%
Amphenol Corp Common0.55%
The Southern Company0.55%
Walmart Inc Common Stock0.52%
Texas Instruments Inc0.50%
Bristol-Myers Squibb Co0.50%
Accenture PLC Common0.48%
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%

Weight gaps

All 23 Holdings in both funds, largest gap first.

Holding weights in HIAI and JUSA, widest gap first
Holding	More in HIAIMore in JUSA	HIAI	JUSA
Cboe Global Markets IncCBOE	HIAI +5.70 points	5.75%	0.05%
Marathon Petroleum CorpMPC	HIAI +5.51 points	5.63%	0.12%
Coca-Cola Co/TheKO	HIAI +3.74 points	3.93%	0.19%
Hewlett Packard Enterprise CoHPE	HIAI +3.15 points	3.39%	0.24%
Altria Group IncMO	HIAI +2.99 points	3.20%	0.21%
Motorola Solutions IncMSI	HIAI +2.84 points	2.88%	0.04%
Amazon.com IncAMZN	JUSA +1.92 points	2.03%	3.95%
Fortinet IncFTNT	HIAI +1.90 points	2.08%	0.18%
F5 IncFFIV	HIAI +1.85 points	1.91%	0.06%
Meta Platforms IncMETA	JUSA +1.58 points	0.58%	2.16%
Alphabet IncGOOGL	JUSA +1.22 points	1.31%	2.53%
Dell Technologies IncDELL	HIAI +1.00 points	1.20%	0.20%
Arista Networks IncANET	HIAI +0.96 points	1.23%	0.27%
Palo Alto Networks IncPANW	HIAI +0.89 points	1.20%	0.31%
Advanced Micro Devices IncAMD	JUSA +0.75 points	0.47%	1.22%
Merck & Co IncMRK	HIAI +0.63 points	0.81%	0.18%
Philip Morris International IncPM	HIAI +0.62 points	1.37%	0.75%
Microsoft CorpMSFT	JUSA +0.48 points	5.88%	6.36%
Johnson & JohnsonJNJ	JUSA +0.42 points	0.90%	1.32%
Ross Stores IncROST	HIAI +0.32 points	0.64%	0.32%
Micron Technology IncMU	HIAI +0.30 points	1.87%	1.57%
Apple IncAAPL	HIAI +0.29 points	7.60%	7.31%
Lumentum Holdings IncLITE	HIAI +0.28 points	0.39%	0.11%

All 48 HIAI 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.

HIAI vs JUSA Cost

Overpaying HIAI vs JUSA

$12,787

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

HIAI 0.87%
$16,536
JUSA 0.18%
$3,749

Amount$10,000

Years30 years

Cost over time

HIAI 0.87%
JUSA 0.18%
Overpaying

Year by year

Year	HIAI	JUSA	Overpaying
10	$1,542	$328	$1,214
20	$5,830	$1,281	$4,549
30	$16,536	$3,749	$12,787

Expense ratio

0.87%HIAI
0.18%JUSA, cheaper

JUSA0.18%HIAI0.87%

0.18%2.83%

Middle half of US Active Growth funds
Median 0.55%

JUSA cheapest of 90 funds

HIAI 86th cheapest of 90 funds

HIAI vs JUSA Dividends

Last 12 months to Oct 30, 2026

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

Distribution history

Per share, 2025 to 2026, same scale for both

HIAIAll HIAI payments⁠

No distribution history available.

JUSAQuarterly · 6 paymentsAll JUSA payments⁠

HIAI vs JUSA Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

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

HIAI and JUSA in the news

All news⁠

ETF Filings
Defiance files AI index funds that may also buy private companies outside the index
Oct 30, 2026HIAI
New ETFs
YieldMax lists an SK hynix options ETF that does not own the shares
Oct 28, 2026JUSA
ETF Filings
SWP files for a 21-stock AI-selected equity ETF
Sep 25, 2026HIAI
ETF Filings
JPMorgan All Country Research Enhanced Equity ETF sets 0.22% fee, ticker JALL
Sep 4, 2026JUSA

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HIAI vs JUSA

In short

Stated mandate

Why people hold it