JMEE vs PJSM: Grades, Fees and Holdings Compared

JPMorgan Small & Mid Cap Enhanced Equity ETF

JMEEANYSE Arca

PGIM Jennison Small-Mid Cap Core Equity ETF

PJSM—NYSE Arca

Overlap

19.0%by weight

Expense ratio

PJSM −0.06pt a year

JMEE0.35%PJSM0.29%

Avg volume · 30D

JMEE 120.9×the volume

JMEE121KPJSM997

JMEE vs PJSM Performance

Sep 30, 2026 – Oct 30, 2026

+1.7%JMEE+1.9%PJSM

Expense ratio: JMEE 0.35%; PJSM 0.29%, better
Fund size: JMEE $2.94B; PJSM $7M
1Y total return: JMEE +19.6%; PJSM No data
Yield (12M): JMEE 0.97%; PJSM No data
Holdings: JMEE 676; PJSM 247
Avg volume (30D): JMEE 121K sh, better; PJSM 997 sh
NAV per share: JMEE $74.78; PJSM $50.35
52W range

ETF.net Grade

—PJSMNot yet graded

Pillar letters and Scores for JMEE, PJSM, with each pillar’s weight
Pillar	JMEE	PJSM
Cost30% weight	A84	Not scored
Mission25% weight	Not scored	Not scored
Risk15% weight	C50	Not scored
Tradability15% weight	B56	Not scored
Holdings10% weight	A88	Not scored
Durability5% weight	A96	Not scored

Rank among US Active Small/Mid-Cap funds

How we build Categories ›

US Active Small/Mid-Cap⁠

Category · 47 funds

See all 47 ›

JMEE ranks 4th of 47 funds in the US Active Small/Mid-Cap Category.

Rank 1AAVMCAvantis U.S. Mid Cap Equity ETFScore 89
Rank 2AFEMVFidelity Enhanced Mid Cap Value ETFScore 79
Rank 3ADFMCU.S. Micro Cap Portfolio ETFScore 76
Rank 4AJMEEJPMorgan Small & Mid Cap Enhanced Equity ETFScore 72
Rank 5AREMCColumbia Research Enhanced Mid Cap ETFScore 70
PJSMNot yet graded

Our read on each fund

ETF.net Research

JMEEAJPMorgan Small & Mid Cap Enhanced Equity ETF

PJSM—PGIM Jennison Small-Mid Cap Core Equity ETF

In short

JMEE Enhanced indexing, not index hugging for its own sake: JMEE keeps sector weights close to the S&P 1000, then lets proprietary stock rankings pick the names. Roughly 700 holdings at 0.35%.

PJSM No data

Stated mandate

JMEE The fund seeks returns above the S&P 1000 Index by using proprietary stock rankings and fundamental analysis, while maintaining broadly similar sector weights.

PJSM No data

Why people hold it

JMEE Index shape, active edges. Sector weights stay broadly in line with the S&P 1000 while proprietary rankings and fundamental analysis pick the stocks, spread over roughly 700 names.jpmorgan.com
0.35% with no waiver holding it there, below the median for active small/mid-cap funds. Cheaper than DFMC at 0.43%; AVMC (0.18%) and FEMV (0.23%) undercut it.
Not a 2020s startup: the strategy dates to 1998 and runs a multi-billion-dollar book, so the research process has been through a few full market cycles.
One of the strongest implementations in the active small/mid-cap group.

PJSM No data

Worth knowing

JMEE Active, not a replicator. There is no index to copy, so results ride on JPMorgan's stock rankings rather than a published rulebook.
Benchmark-like sector weights mean it moves with the small and mid-cap market. This is a tilt on that exposure, not a cushion against it.
Distributions land once or twice a year, and it trades moderately rather than heavily, so spreads matter more than in the biggest index funds.

PJSM No data

Full JMEE profile⁠

Full PJSM profile⁠

JMEE vs PJSM Holdings

How JMEE and PJSM differ

Overlap by weight

19.0%

Shared holdings make up 54.8% of PJSM and 20.6% of JMEE.

Level by level

Holdings115 in both19.0%
Sector11 Sectors91.1%
Countryby domicile96.5%
Asset classEquity100%

Sector

Sector weights in JMEE and PJSM, widest gap first
Sector	More in JMEEMore in PJSM	JMEE	PJSM
Materials	JMEE +3.7 points	6.5%	2.8%
Consumer Discretionary	PJSM +3.5 points	11.1%	14.6%
Financials	PJSM +2.4 points	15.8%	18.2%
Health Care	PJSM +2.4 points	10.3%	12.7%
Consumer Staples	JMEE +1.3 points	4.1%	2.8%
Energy	JMEE +1.2 points	6.3%	5.1%
Industrials	JMEE +1.1 points	17.9%	16.8%
Real Estate	PJSM +0.8 points	7.6%	8.4%
Utilities	JMEE +0.7 points	2.2%	1.5%
Communication	JMEE +0.6 points	2.1%	1.5%
Technology	JMEE +0.2 points	16.0%	15.8%

Country, concentration and asset class

Country by domicile

Country weights in JMEE and PJSM, widest gap first
Country	More in JMEEMore in PJSM	JMEE	PJSM
United States	JMEE +3.2 points	98.9%	95.7%
Canada	PJSM +2.4 points	0.0%	2.4%
United Kingdom	PJSM +0.6 points	0.8%	1.4%
Other countries (9)	PJSM +0.1 points	0.4%	0.5%

Concentration

Weight in the 10 largest Holdings

JMEE9.7%
PJSM19.3%

Securities held

JMEE674
PJSM245

Asset class

JMEE: Equity
PJSM: Equity

Holdings

Only in JMEE559
In both115
Only in PJSM130

Only in JMEE

559 securities, 79.2% of JMEE by weight

JPMorgan Prime Money4.47%
Okta Inc Common Stock0.86%
United Therapeutics Corp0.77%
Technipfmc PLC Common0.62%
Halozyme Therapeutics0.57%
Nvent Electric PLC0.55%
Reliance Inc Common Stock0.53%
Curtiss-Wright Corp0.47%
Hf Sinclair Corp Common0.46%
Watts Water Technologies0.44%
Ovintiv Inc Common Stock0.43%
Clean Harbors Inc Common0.43%
Tenet Healthcare Corp0.42%
Glaukos Corp Common Stock0.41%
Woodward Inc Common0.40%
Jazz Pharmaceuticals PLC0.40%
Oge Energy Corp Common0.40%
Reinsurance Group of0.39%
Td Synnex Corp Common0.39%
Donaldson Co Inc Common0.38%
Medpace Holdings Inc0.38%
Xpo Inc Common Stock USD0.38%
Viasat Inc Common Stock0.36%
Arrow Electronics Inc0.35%
Sharkninja Inc Common0.34%
Alarm.com Holdings Inc0.34%
Itt Inc Common Stock USD0.33%
Cubesmart Reit USD 0.010.33%
Iridium Communications0.33%
Owens Corning Common0.33%
Dt Midstream Inc Common0.32%
Antero Resources Corp0.32%
Dynatrace Inc0.32%
Mastec Inc Common Stock0.31%
Granite Construction Inc0.31%
Equitable Holdings Inc0.30%
Timken Co/The Common0.30%
Agree Realty Corp Reit0.30%
Mks Inc Common Stock USD0.30%
Dxp Enterprises Inc/Tx0.30%
Haemonetics Corp Common0.30%
Entegris Inc0.30%
Southwest Gas Holdings0.30%
Talen Energy Corp Common0.29%
Interdigital Inc Common0.29%
Brady Corp Common Stock0.29%
Ally Financial Inc0.29%
Enersys Common Stock USD0.29%
Ugi Corp Common Stock0.29%
Globus Medical Inc Common0.28%

Only in PJSM

130 securities, 44.7% of PJSM by weight

Gates Industrial Corp Ltd2.09%
Axis Capital Holdings Ltd2.05%
Markel Group Inc1.95%
Eastern Bankshares Inc1.71%
Nordson Corp1.21%
Concentra Group Holdings Parent Inc1.21%
Summit Hotel Properties Inc0.99%
Ladder Capital Corp0.98%
Eldorado Gold Corp0.87%
Hayward Holdings Inc0.84%
Sotera Health Co0.81%
Huron Consulting Group Inc0.81%
Dorman Products Inc0.79%
Marex Group Ltd0.78%
Descartes Systems Group Inc/The0.74%
Hasbro Inc0.72%
Urban Edge Properties0.72%
Ero Copper Corp0.69%
Brightspring Health Services Inc0.65%
Vaxcyte Inc0.57%
Affirm Holdings Inc0.55%
Nicolet Bankshares Inc0.54%
Jfrog Ltd0.53%
Oscar Health Inc0.51%
Host Hotels & Resorts Inc0.49%
Textron Inc0.48%
F5 Inc0.47%
Huntington Ingalls Industries Inc0.44%
Gartner Inc0.44%
Avery Dennison Corp0.43%
Guardian Pharmacy Services Inc0.42%
Pentair PLC0.40%
Pinnacle West Capital Corp0.40%
Jack Henry & Associates Inc0.39%
Twist Bioscience Corp0.38%
Federal Realty Investment Trust0.37%
Xenon Pharmaceuticals Inc0.36%
Immunovant Inc0.35%
Ralliant Corp0.35%
Terreno Realty Corp0.34%
Floor & Decor Holdings Inc0.33%
Middleby Corp/The0.32%
Sentinelone Inc0.32%
Allient Inc0.31%
Red River Bancshares Inc0.31%
Trade Desk Inc/The0.31%
Choice Hotels International Inc0.29%
Boyd Gaming Corp0.29%
Nisource Inc0.29%
Constellium SE0.29%

Weight gaps

The 100 widest of 115 Holdings in both funds.

Holding weights in JMEE and PJSM, widest gap first
Holding	More in JMEEMore in PJSM	JMEE	PJSM
Gaming and LeisureGLPI	PJSM +1.93 points	0.17%	2.10%
East West Bancorp IncEWBC	PJSM +1.87 points	0.33%	2.20%
Chord Energy Corp CommonCHRD	PJSM +1.73 points	0.24%	1.97%
Permian ResourcesPR	PJSM +1.64 points	0.44%	2.08%
Crown Holdings Inc CommonCCK	PJSM +1.44 points	0.35%	1.79%
Roivant Sciences LtdROIV	PJSM +1.23 points	0.14%	1.37%
Wintrust Financial CorpWTFC	PJSM +1.13 points	0.19%	1.32%
Moelis & Co Common StockMC	PJSM +1.06 points	0.04%	1.10%
Encompass Health CorpEHC	PJSM +0.94 points	0.38%	1.32%
Trinity Industries IncTRN	PJSM +0.91 points	0.04%	0.95%
Allison TransmissionALSN	PJSM +0.85 points	0.20%	1.05%
Ameris Bancorp CommonABCB	PJSM +0.83 points	0.19%	1.02%
Century Communities IncCCS	PJSM +0.80 points	0.03%	0.83%
Toll Brothers Inc CommonTOL	PJSM +0.75 points	0.35%	1.10%
Benchmark Electronics IncBHE	PJSM +0.68 points	0.20%	0.88%
Lincoln National CorpLNC	PJSM +0.67 points	0.13%	0.80%
Freshpet Inc CommonFRPT	PJSM +0.64 points	0.05%	0.69%
Churchill Downs IncCHDN	PJSM +0.60 points	0.18%	0.78%
Rush Enterprises IncRUSHA	PJSM +0.56 points	0.06%	0.62%
Cactus Inc Common StockWHD	PJSM +0.53 points	0.12%	0.65%
Viavi Solutions IncVIAV	PJSM +0.52 points	0.06%	0.58%
Matson Inc Common StockMATX	PJSM +0.52 points	0.26%	0.78%
Carpenter TechnologyCRS	PJSM +0.49 points	0.21%	0.70%
Ltc Properties Inc ReitLTC	PJSM +0.48 points	0.04%	0.52%
Hexcel Corp Common StockHXL	PJSM +0.47 points	0.13%	0.60%
Aramark Common Stock USDARMK	PJSM +0.45 points	0.28%	0.73%
Element Solutions IncESI	PJSM +0.44 points	0.15%	0.59%
Terex Corp Common StockTEX	PJSM +0.40 points	0.09%	0.49%
Burlington Stores IncBURL	PJSM +0.38 points	0.30%	0.68%
Five Below Inc CommonFIVE	PJSM +0.38 points	0.32%	0.70%
Protagonist TherapeuticsPTGX	PJSM +0.38 points	0.42%	0.80%
Sterling InfrastructureSTRL	PJSM +0.37 points	0.19%	0.56%
Renaissancere HoldingsRNR	PJSM +0.38 points	0.21%	0.59%
Macom TechnologyMTSI	PJSM +0.34 points	0.37%	0.71%
Pdf Solutions Inc CommonPDFS	PJSM +0.33 points	0.04%	0.37%
Callaway Golf Co CommonELY	PJSM +0.32 points	0.10%	0.42%
Onto Innovation IncONTO	PJSM +0.30 points	0.18%	0.48%
Q2 Holdings Inc CommonQTWO	PJSM +0.27 points	0.14%	0.41%
Roku Inc Common Stock USDROKU	PJSM +0.27 points	0.25%	0.52%
Wingstop Inc Common StockWING	PJSM +0.26 points	0.08%	0.34%
Steven Madden Ltd CommonSHOO	PJSM +0.26 points	0.03%	0.29%
Fb Financial Corp CommonFBK	PJSM +0.26 points	0.02%	0.28%
Pinnacle FinancialPNFP	JMEE +0.24 points	0.43%	0.19%
Everus Construction GroupECG	PJSM +0.24 points	0.06%	0.30%
Clear Secure Inc CommonYOU	PJSM +0.22 points	0.07%	0.29%
Cinemark Holdings IncCNK	PJSM +0.22 points	0.09%	0.31%
Pegasystems Inc CommonPEGA	PJSM +0.22 points	0.05%	0.27%
Lincoln Electric HoldingsLECO	PJSM +0.21 points	0.26%	0.47%
Yeti Holdings Inc CommonYETI	PJSM +0.21 points	0.08%	0.29%
Lattice SemiconductorLSCC	PJSM +0.22 points	0.20%	0.42%
Materion Corp CommonMTRN	PJSM +0.20 points	0.09%	0.29%
Guidewire Software IncGWRE	JMEE +0.21 points	0.29%	0.08%
Ttm Technologies IncTTMI	PJSM +0.20 points	0.13%	0.33%
Kirby Corp Common StockKEX	PJSM +0.20 points	0.19%	0.39%
Etsy Inc Common Stock USDETSY	PJSM +0.20 points	0.19%	0.39%
Msa Safety Inc CommonMSA	PJSM +0.20 points	0.13%	0.33%
Littelfuse Inc CommonLFUS	PJSM +0.20 points	0.17%	0.37%
Semtech Corp CommonSMTC	PJSM +0.19 points	0.22%	0.41%
Nextpower Inc CommonNXT	PJSM +0.18 points	0.21%	0.40%
Radnet Inc Common StockRDNT	JMEE +0.18 points	0.26%	0.08%
Oshkosh Corp Common StockOSK	PJSM +0.17 points	0.19%	0.36%
Champion Homes IncSKY	PJSM +0.18 points	0.13%	0.31%
Tetra Tech Inc CommonTTEK	PJSM +0.17 points	0.19%	0.36%
Elanco Animal Health IncELAN	PJSM +0.17 points	0.14%	0.31%
Rbc Bearings Inc CommonRBC	JMEE +0.16 points	0.39%	0.23%
Kennametal Inc CommonKMT	PJSM +0.15 points	0.12%	0.27%
Saia Inc Common Stock USDSAIA	PJSM +0.16 points	0.15%	0.31%
Hamilton Lane Inc CommonHLNE	PJSM +0.14 points	0.16%	0.30%
Planet Fitness IncPLNT	PJSM +0.15 points	0.16%	0.31%
Eastgroup Properties IncEGP	PJSM +0.15 points	0.24%	0.39%
Digitalocean HoldingsDOCN	JMEE +0.14 points	0.33%	0.19%
Wolverine World Wide IncWWW	PJSM +0.14 points	0.03%	0.17%
Sitime Corp Common StockSITM	PJSM +0.14 points	0.14%	0.28%
Nutanix Inc Common StockNTNX	PJSM +0.13 points	0.36%	0.49%
Docusign Inc CommonDOCU	PJSM +0.13 points	0.32%	0.45%
Ati Inc Common Stock USDATI	PJSM +0.12 points	0.45%	0.57%
Solaris EnergySEI	PJSM +0.13 points	0.15%	0.28%
Monarch Casino & ResortMCRI	PJSM +0.12 points	0.13%	0.25%
Jones Lang Lasalle IncJLL	PJSM +0.10 points	0.41%	0.51%
Maxlinear Inc CommonMXL	PJSM +0.10 points	0.10%	0.20%
Core & Main Inc CommonCNM	PJSM +0.09 points	0.02%	0.11%
Duolingo Inc CommonDUOL	PJSM +0.09 points	0.22%	0.31%
Performance Food Group CoPFGC	PJSM +0.09 points	0.34%	0.43%
First Advantage CorpFA	PJSM +0.09 points	0.07%	0.16%
Borgwarner Inc CommonBWA	PJSM +0.08 points	0.30%	0.38%
Avient Corp Common StockAVNT	PJSM +0.08 points	0.21%	0.29%
Texas Roadhouse IncTXRH	JMEE +0.08 points	0.21%	0.13%
Moog Inc-Class AMOG.A	JMEE +0.08 points	0.18%	0.10%
Appfolio Inc Common StockAPPF	JMEE +0.07 points	0.15%	0.08%
Idacorp Inc Common StockIDA	PJSM +0.07 points	0.14%	0.21%
Bruker CorpBRKR	PJSM +0.07 points	0.12%	0.19%
Sphere Entertainment CoSPHR	JMEE +0.06 points	0.19%	0.13%
Cousins Properties IncCUZ	JMEE +0.06 points	0.14%	0.08%
Us Foods Holding CorpUSFD	JMEE +0.06 points	0.39%	0.33%
Bright Horizons FamilyBFAM	PJSM +0.06 points	0.02%	0.08%
Regal Rexnord Corp CommonRRX	JMEE +0.05 points	0.20%	0.15%
Vita Coco Co Inc/TheCOCO	PJSM +0.04 points	0.16%	0.20%
Agilysys Inc Common StockAGYS	PJSM +0.05 points	0.05%	0.10%
Capri Holdings Ltd CommonCPRI	PJSM +0.04 points	0.13%	0.17%
Chefs' Warehouse Inc/TheCHEF	JMEE +0.04 points	0.11%	0.07%

All 674 JMEE holdings⁠All 259 PJSM 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.

JMEE vs PJSM Cost

Overpaying JMEE vs PJSM

$1,174

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

JMEE 0.35%
$7,126
PJSM 0.29%
$5,952

Amount$10,000

Years30 years

Cost over time

JMEE 0.35%
PJSM 0.29%
Overpaying

Year by year

Year	JMEE	PJSM	Overpaying
10	$634	$527	$107
20	$2,454	$2,044	$410
30	$7,126	$5,952	$1,174

Expense ratio

0.35%JMEE
0.29%PJSM, cheaper

PJSM0.29%JMEE0.35%

0.18%1.10%

Middle half of US Active Small/Mid-Cap funds
Median 0.55%

PJSM 4th cheapest of 47 funds

JMEE 7th cheapest of 47 funds

JMEE vs PJSM Dividends

Last 12 months to Oct 30, 2026

Yield (12M): JMEE 0.97%; PJSM No data
Payout (12M): JMEE $0.72; PJSM None
Last payment: JMEE $0.72; PJSM No data
Ex-dividend: JMEE Dec 16, 2025; PJSM No data
Paid on: JMEE Dec 18, 2025; PJSM No data
Frequency: JMEE Annual; PJSM No data

Distribution history

Per share, 2022 to 2026, same scale for both

JMEEAnnual · 4 paymentsAll JMEE payments⁠

PJSMAll PJSM payments⁠

No distribution history available.

JMEE vs PJSM Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: JMEE 15.8%PJSM No data
Return per unit of riskSharpe ratio, 3 years: JMEE 0.90PJSM No data
Worst fallMax drawdown, 5 years: JMEE −25.4%since May 2022PJSM No data
Market sensitivityBeta, 5 years: JMEE 1.10PJSM 0.00; Market = 1

JMEE and PJSM in the news

All news⁠

New ETFs
PGIM lists two more Jennison core ETFs after a May launch that still holds $7 million
Sep 8, 2026JMEEPJSM
Category Review
Active small- and mid-cap funds trail the S&P 500 after a hard third quarter
Updated Oct 14, 2026JMEE
ETF Filings
Vanguard files for a U.S. small-mid cap active ETF after last year’s three reached $161 million
Sep 21, 2026JMEE

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JMEE vs PJSM

In short

Stated mandate

Why people hold it