JMEE vs SMIZ: Grades, Fees and Holdings Compared

JPMorgan Small & Mid Cap Enhanced Equity ETF

JMEEANYSE Arca

Zacks Small/Mid Cap ETF

SMIZBNYSE Arca

Overlap

12.5%by weight

Expense ratio

JMEE −0.21pt a year

JMEE0.34%SMIZ0.55%

Avg volume · 30D

JMEE 3.7×the volume

JMEE121KSMIZ32.6K

3Y return · a year

SMIZ +1.3pt

JMEE+17.3%SMIZ+18.6%

JMEE vs SMIZ Performance

Nov 3, 2025 – Nov 3, 2026

+20.3%JMEE+10.5%SMIZ

Expense ratio: JMEE 0.34%, better; SMIZ 0.55%
Fund size: JMEE $2.96B; SMIZ $275M
1Y total return: JMEE +20.3%, better; SMIZ +10.5%
Yield (12M): JMEE 0.96%, better; SMIZ 0.56%
Holdings: JMEE 678; SMIZ 200
Avg volume (30D): JMEE 121K sh, better; SMIZ 32.6K sh
NAV per share: JMEE $75.29; SMIZ $40.90
52W range

ETF.net Grade

Pillar letters and Scores for JMEE, SMIZ, with each pillar’s weight
Pillar	JMEE	SMIZ
Cost30% weight	A87Higher	C54
Mission25% weight	Not scored	B59
Risk15% weight	C49Higher	D32
Tradability15% weight	B57	B64Higher
Holdings10% weight	A89Higher	A80
Durability5% weight	A96Higher	B68

Rank among US Active Small/Mid-Cap funds

How we build Categories ›

Same Category. JMEE and SMIZ are both graded against the same 47 US Active Small/Mid-Cap funds, so their Grades compare head to head.

US Active Small/Mid-Cap⁠

Category · 47 funds

See all 47 ›

JMEE ranks 4th and SMIZ 16th 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 80
Rank 3ADFMCU.S. Micro Cap Portfolio ETFScore 77
Rank 4AJMEEJPMorgan Small & Mid Cap Enhanced Equity ETFScore 74
Rank 5AREMCColumbia Research Enhanced Mid Cap ETFScore 70
Rank 16BSMIGBahl & Gaynor Small/Mid Cap Income Growth ETFScore 56
Rank 16BSMIZZacks Small/Mid Cap ETFScore 56
Rank 18BSMCOHilton Small-MidCap Opportunity ETFScore 55

Our read on each fund

ETF.net Research

JMEEAJPMorgan Small & Mid Cap Enhanced Equity ETF

SMIZBZacks Small/Mid Cap 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%.

SMIZ Zacks built its name on tracking analyst earnings-estimate revisions. SMIZ is that research run as an active US small/mid blend: 150-250 names, rebalanced monthly, at 0.55% net of a waiver through April 1, 2027.

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.

SMIZ The Fund seeks positive risk-adjusted returns through investments in equity securities of small and midsize U.S. companies and related derivatives.

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.

SMIZ The engine is Zacks' home turf: upward earnings estimate revisions, their size, how recent estimates land versus consensus, and the frequency of earnings surprises. Scored on Zacks data, rebalanced monthly.sec.gov
Genuinely blended, not small-cap wearing a smid label: the prospectus pins about 30%-70% of assets in each sleeve, so neither end of the size range quietly takes over the portfolio.sec.gov
Wide for a stock-picking fund: 150-250 positions, any economic sector, drawn from the Russell 2000 and Russell Midcap universes. One bad quarter at one holding stays a rounding error.sec.gov
Priced near the middle of the active small/mid pack: 0.55% net of a waiver through April 1, 2027, against a 0.60% gross ratio.

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.

SMIZ You pay for the human and the model. Rules-based rivals in the same aisle run cheaper, including AVMC at 0.18% and JMEE at 0.35%, both without waivers propping up the number.
Thinly traded next to the category's heavyweights, so bid-ask spreads and order timing carry more weight here than with the big index smid funds.
Young by fund standards (listed in 2023), and distributions arrive annually or semiannually rather than on a monthly drip.

Full JMEE profile⁠

Full SMIZ profile⁠

JMEE vs SMIZ Holdings

How JMEE and SMIZ differ

Overlap by weight

12.5%

Shared holdings make up 34.5% of SMIZ and 13.1% of JMEE.

Level by level

Holdings76 in both12.5%
Sector11 Sectors88.0%
Countryby domicile99.0%
Asset classEquity100%

Sector

Sector weights in JMEE and SMIZ, widest gap first
Sector	Gap	JMEE	SMIZ
Technology	SMIZ +7.8 points	15.8%	23.6%
Consumer Discretionary	JMEE +4.3 points	11.7%	7.3%
Financials	SMIZ +4.0 points	15.4%	19.4%
Real Estate	JMEE +2.7 points	7.6%	4.9%
Consumer Staples	JMEE +1.2 points	3.9%	2.7%
Industrials	JMEE +1.1 points	19.9%	18.8%
Communication	JMEE +1.0 points	2.2%	1.2%
Materials	JMEE +0.8 points	4.9%	4.1%
Utilities	JMEE +0.5 points	2.2%	1.7%
Energy	JMEE +0.3 points	5.8%	5.5%
Health Care	SMIZ +0.2 points	10.6%	10.8%

Country, concentration and asset class

Country by domicile

Country weights in JMEE and SMIZ, widest gap first
Country	Gap	JMEE	SMIZ
United States	JMEE +0.4 points	98.9%	98.5%
United Kingdom	JMEE +0.2 points	0.8%	0.6%
Taiwan	SMIZ +0.4 points	0.0%	0.4%
Switzerland	SMIZ +0.4 points	0.0%	0.4%
Finland	SMIZ +0.2 points	0.0%	0.2%
Sweden	JMEE +0.1 points	0.1%	0.0%
India	JMEE +0.1 points	0.1%	0.0%
Brazil	JMEE +0.1 points	0.1%	0.0%
Other countries (2)	JMEE +0.1 points	0.1%	0.0%

Concentration

Weight in the 10 largest Holdings

JMEE9.5%
SMIZ12.0%

Securities held

JMEE677
SMIZ200

Asset class

JMEE: Equity
SMIZ: Equity

Holdings

Only in JMEE601
In both76
Only in SMIZ124

Only in JMEE

601 securities, 86.6% of JMEE by weight

JPMorgan Prime Money4.35%
Okta Inc Common Stock0.76%
United Therapeutics Corp0.76%
Curtiss-Wright Corp0.47%
Ati Inc Common Stock USD0.47%
Hf Sinclair Corp Common0.44%
Pinnacle Financial0.44%
Jones Lang Lasalle Inc0.43%
Clean Harbors Inc Common0.42%
Tenet Healthcare Corp0.42%
Woodward Inc Common0.41%
Permian Resources0.41%
Glaukos Corp Common Stock0.41%
Oge Energy Corp Common0.40%
Ovintiv Inc Common Stock0.40%
Us Foods Holding Corp0.39%
Rbc Bearings Inc Common0.39%
Jazz Pharmaceuticals PLC0.39%
Donaldson Co Inc Common0.39%
Evercore Inc Common Stock0.39%
Reinsurance Group of0.39%
Encompass Health Corp0.39%
Xpo Inc Common Stock USD0.38%
Medpace Holdings Inc0.38%
Toll Brothers Inc Common0.36%
Crown Holdings Inc Common0.36%
Td Synnex Corp Common0.36%
Sharkninja Inc Common0.35%
Macom Technology0.35%
Performance Food Group Co0.35%
Cubesmart Reit USD 0.010.34%
Viasat Inc Common Stock0.34%
Owens Corning Common0.34%
Nutanix Inc Common Stock0.34%
Itt Inc Common Stock USD0.34%
Digitalocean Holdings0.33%
Mastec Inc Common Stock0.32%
Iridium Communications0.32%
Granite Construction Inc0.32%
Five Below Inc Common0.31%
Dt Midstream Inc Common0.31%
Timken Co/The Common0.31%
Agree Realty Corp Reit0.31%
Antero Resources Corp0.31%
Equitable Holdings Inc0.30%
Wesco International Inc0.30%
Dynatrace Inc0.30%
Borgwarner Inc Common0.30%
Brady Corp Common Stock0.30%
Burlington Stores Inc0.30%

Only in SMIZ

124 securities, 65.5% of SMIZ by weight

Bbh Sweep Vehicle2.15%
Emcor Group Inc1.42%
Vestis Corp1.32%
Commvault System1.09%
Expeditors Intl1.04%
International SE1.01%
Northern Trust0.98%
Expedia Group In0.97%
Amphenol Corp-A0.97%
Arista Networks0.94%
Phillips 660.93%
Surgery Partners0.93%
Remit Global Inc0.89%
Cboe Global Mark0.89%
Allient Inc0.84%
Herc Holdings In0.84%
Mckesson Corp0.83%
Byline Bancorp I0.83%
Indep Bank/Ma0.82%
Allstate Corp0.81%
Pebblebrook Hote0.80%
United Fire Grou0.79%
Comfort Systems0.79%
Dexcom0.79%
Howmet Aerospace0.75%
Archer-Daniels0.74%
Nisource Inc0.73%
Howard Hughes Ho0.72%
Hinge Health-A0.71%
Nwpx Infrastruct0.70%
Marathon Petrole0.70%
Kraft Heinz Co/T0.67%
Heico Corp0.64%
Nb Bancorp Inc0.62%
Marqeta Inc-A0.61%
Callaway Golf Co0.61%
Postal Realty-A0.61%
Ferguson Enterpr0.60%
Madison Square G0.59%
Niq Global Intel0.58%
Ameren Corp0.58%
Icu Medical0.56%
Carvana Co0.56%
Southern First0.56%
Wabtec Corp0.55%
Snowflake Inc0.55%
Bancfirst Corp0.55%
Smartfinancial I0.54%
Polaris Inc0.54%
Amneal Pharm Inc0.53%

Weight gaps

All 76 Holdings in both funds, largest gap first.

Holding weights in JMEE and SMIZ, widest gap first
Holding	Gap	JMEE	SMIZ
Kulicke & SoffaKLIC	SMIZ +0.88 points	0.03%	0.91%
Affiliated ManagersAMG	SMIZ +0.84 points	0.25%	1.09%
Interface Inc CommonTILE	SMIZ +0.65 points	0.04%	0.69%
Epr Properties Reit USDEPR	SMIZ +0.62 points	0.08%	0.70%
City Holding Co CommonCHCO	SMIZ +0.59 points	0.04%	0.63%
Hilltop Holdings IncHTH	SMIZ +0.56 points	0.12%	0.68%
Freshworks Inc CommonFRSH	SMIZ +0.56 points	0.11%	0.67%
Sensient TechnologiesSXT	SMIZ +0.56 points	0.09%	0.65%
Bread Financial HoldingsBFH	SMIZ +0.54 points	0.13%	0.67%
Littelfuse Inc CommonLFUS	SMIZ +0.52 points	0.17%	0.69%
United Natural Foods IncUNFI	SMIZ +0.52 points	0.10%	0.62%
Arrow Electronics IncARW	SMIZ +0.51 points	0.34%	0.85%
Gentherm Inc Common StockTHRM	SMIZ +0.51 points	0.02%	0.53%
Science ApplicationsSAIC	SMIZ +0.50 points	0.12%	0.62%
Wp Carey Inc Reit USDWPC	SMIZ +0.51 points	0.18%	0.69%
Sl Green Realty Corp ReitSLG	SMIZ +0.48 points	0.06%	0.54%
Simmons First NationalSFNC	SMIZ +0.48 points	0.22%	0.70%
Phibro Animal HealthPAHC	SMIZ +0.47 points	0.08%	0.55%
Stonex Group Inc CommonSNEX	SMIZ +0.45 points	0.07%	0.52%
Watts Water TechnologiesWTS	SMIZ +0.43 points	0.45%	0.88%
Pitney Bowes Inc CommonPBI	SMIZ +0.39 points	0.03%	0.42%
Advanced EnergyAEIS	SMIZ +0.37 points	0.22%	0.59%
Brinker International IncEAT	SMIZ +0.36 points	0.16%	0.52%
Pbf Energy Inc CommonPBF	SMIZ +0.35 points	0.17%	0.52%
Mercury General CorpMCY	SMIZ +0.35 points	0.10%	0.45%
Materion Corp CommonMTRN	SMIZ +0.34 points	0.08%	0.42%
East West Bancorp IncEWBC	SMIZ +0.33 points	0.34%	0.67%
Proto Labs Inc CommonPRLB	SMIZ +0.33 points	0.13%	0.46%
Primerica Inc CommonPRI	SMIZ +0.32 points	0.07%	0.39%
Carter's Inc Common StockCRI	SMIZ +0.32 points	0.07%	0.39%
Umb Financial Corp CommonUMBF	SMIZ +0.32 points	0.21%	0.53%
Sterling InfrastructureSTRL	SMIZ +0.32 points	0.18%	0.50%
Carpenter Technology CorpCRS	SMIZ +0.31 points	0.21%	0.52%
Seacoast Banking Corp ofSBCF	SMIZ +0.30 points	0.02%	0.32%
Renaissancere HoldingsRNR	SMIZ +0.30 points	0.22%	0.52%
Mgic Investment CorpMTG	SMIZ +0.30 points	0.14%	0.44%
Gaming and LeisureGLPI	SMIZ +0.27 points	0.17%	0.44%
Hecla Mining Co CommonHL	SMIZ +0.27 points	0.17%	0.44%
Credit Acceptance CorpCACC	SMIZ +0.27 points	0.03%	0.30%
Qualys Inc Common StockQLYS	SMIZ +0.26 points	0.24%	0.50%
Argan Inc Common StockAGX	SMIZ +0.26 points	0.05%	0.31%
Marriott VacationsVAC	SMIZ +0.27 points	0.10%	0.37%
Omnicell Inc CommonOMCL	SMIZ +0.26 points	0.03%	0.29%
Reliance Inc Common StockRS	JMEE +0.25 points	0.54%	0.29%
Indivior PharmaceuticalsINDV	SMIZ +0.23 points	0.05%	0.28%
Paycom Software IncPAYC	SMIZ +0.23 points	0.09%	0.32%
Myr Group Inc CommonMYRG	SMIZ +0.22 points	0.23%	0.45%
Paylocity Holding CorpPCTY	SMIZ +0.20 points	0.08%	0.28%
Matson Inc Common StockMATX	SMIZ +0.20 points	0.26%	0.46%
Globus Medical Inc CommonGMED	SMIZ +0.20 points	0.28%	0.48%
Protagonist TherapeuticsPTGX	SMIZ +0.20 points	0.40%	0.60%
Halozyme TherapeuticsHALO	JMEE +0.20 points	0.56%	0.36%
Hanover Insurance GroupTHG	SMIZ +0.18 points	0.10%	0.28%
Knowles Corp Common StockKN	SMIZ +0.17 points	0.07%	0.24%
Employers Holdings IncEIG	SMIZ +0.16 points	0.06%	0.22%
Solaris EnergySEI	SMIZ +0.15 points	0.14%	0.29%
Entegris IncENTG	SMIZ +0.15 points	0.29%	0.44%
Interdigital Inc CommonIDCC	SMIZ +0.15 points	0.29%	0.44%
FIVE9 Inc Common StockFIVN	SMIZ +0.14 points	0.03%	0.17%
Spx Technologies IncSPXC	SMIZ +0.14 points	0.15%	0.29%
Advance Auto Parts IncAAP	SMIZ +0.13 points	0.04%	0.17%
Sitime Corp Common StockSITM	SMIZ +0.13 points	0.13%	0.26%
Tetra Tech Inc CommonTTEK	SMIZ +0.11 points	0.20%	0.31%
Dutch Bros Inc CommonBROS	SMIZ +0.11 points	0.09%	0.20%
Hamilton Lane Inc CommonHLNE	SMIZ +0.10 points	0.16%	0.26%
Q2 Holdings Inc CommonQTWO	SMIZ +0.09 points	0.15%	0.24%
Docusign Inc CommonDOCU	SMIZ +0.09 points	0.31%	0.40%
Formfactor Inc CommonFORM	SMIZ +0.08 points	0.13%	0.21%
Sanmina Corp CommonSANM	JMEE +0.05 points	0.22%	0.17%
Bj's Wholesale ClubBJ	SMIZ +0.04 points	0.19%	0.23%
Nvent Electric PLC CommonNVT	JMEE +0.03 points	0.54%	0.51%
Alignment Healthcare IncALHC	SMIZ +0.03 points	0.15%	0.18%
Alarm.com Holdings IncALRM	JMEE +0.02 points	0.34%	0.32%
Technipfmc PLC CommonFTI	JMEE +0.02 points	0.60%	0.58%
Duolingo Inc CommonDUOL	JMEE +0.02 points	0.22%	0.20%
Semtech Corp CommonSMTC	JMEE +0.01 points	0.21%	0.20%

All 676 JMEE holdings⁠All SMIZ 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 SMIZ Cost

Overpaying SMIZ vs JMEE

$3,972

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

JMEE 0.34%
$6,932
SMIZ 0.55%
$10,904

Amount$10,000

Years30 years

Cost over time

JMEE 0.34%
SMIZ 0.55%
Overpaying

Year by year

Year	JMEE	SMIZ	Overpaying
10	$616	$988	$372
20	$2,386	$3,790	$1,404
30	$6,932	$10,904	$3,972

Expense ratio

0.34%JMEE, cheaper
0.55%SMIZ

JMEE0.34%SMIZ0.55%

0.18%1.10%

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

JMEE 7th cheapest of 47 funds

SMIZ 20th cheapest of 47 funds

JMEE vs SMIZ Dividends

Last 12 months to Nov 3, 2026

Yield (12M): JMEE 0.96%, better; SMIZ 0.56%
Payout (12M): JMEE $0.72; SMIZ $0.23
Last payment: JMEE $0.72; SMIZ $0.23
Ex-dividend: JMEE Dec 16, 2025; SMIZ Dec 29, 2025
Paid on: JMEE Dec 18, 2025; SMIZ Jan 2, 2026
Frequency: JMEE Annual; SMIZ Annual

Distribution history

Per share, 2022 to 2026, same scale for both

JMEEAnnual · 4 paymentsAll JMEE payments⁠

SMIZAnnual · 3 paymentsAll SMIZ payments⁠

JMEE vs SMIZ 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%, betterSMIZ 17.2%
Return per unit of riskSharpe ratio, 3 years: JMEE 0.90SMIZ 0.92, better
Worst fallMax drawdown, 5 years: JMEE −25.4%since May 2022SMIZ −25.0%since Oct 2023
Market sensitivityBeta, 5 years: JMEE 1.10SMIZ 1.17; Market = 1

JMEE and SMIZ in the news

All news⁠

ETF Filings
Zacks Trust proposes converting two mutual funds into ETFs
Oct 20, 2026SMIZ
ETF Filings
Zacks updates a July plan to turn two mutual funds into ETFs
Oct 20, 2026SMIZ
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
New ETFs
PGIM lists two more Jennison core ETFs after a May launch that still holds $7 million
Sep 8, 2026JMEE

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JMEE vs SMIZ

In short

Stated mandate

Why people hold it