JPME vs VONV: Grades, Fees and Holdings Compared

JPMorgan Diversified Return U.S. Mid Cap Equity ETF

JPMEBNYSE Arca

Vanguard Russell 1000 Value ETF

VONVANasdaq

Overlap

12.9%by weight

Expense ratio

VONV −0.18pt a year

JPME0.24%VONV0.06%

Avg volume · 30D

VONV 60.8×the volume

JPME12.7KVONV774K

10Y return · a year

VONV +0.8pt

JPME+11.4%VONV+12.2%

JPME vs VONV Performance

Nov 2, 2021 – Nov 2, 2026

+47.9%JPME+72.9%VONV

Expense ratio: JPME 0.24%; VONV 0.06%, better
Fund size: JPME $493M; VONV $23.3B
1Y total return: JPME +20.2%; VONV +28.9%, better
Yield (12M): JPME 1.77%, better; VONV 1.53%
Holdings: JPME 345; VONV 887
Avg volume (30D): JPME 12.7K sh; VONV 774K sh, better
NAV per share: JPME $124.79; VONV $113.44
52W range

ETF.net Grade

Pillar letters and Scores for JPME, VONV, with each pillar’s weight
Pillar	JPME	VONV
Cost30% weight	B66	A96Higher
Mission25% weight	A89	A100Higher
Risk15% weight	B58	A86Higher
Tradability15% weight	D31	B60Higher
Holdings10% weight	A80Higher	C49
Durability5% weight	B66	A93Higher

Rank among US Multifactor funds

How we build Categories ›

Same Category. JPME and VONV are both graded against the same 99 US Multifactor funds, so their Grades compare head to head.

US Multifactor⁠

Category · 99 funds

See all 99 ›

VONV ranks 1st and JPME 31st of 99 funds in the US Multifactor Category.

Rank 1AVONVVanguard Russell 1000 Value ETFScore 85
Rank 2AILCViShares Morningstar Value ETFScore 81
Rank 31BGSSCGoldman Sachs ActiveBeta U.S. Small Cap Equity ETFScore 66
Rank 31BJPMEJPMorgan Diversified Return U.S. Mid Cap Equity ETFScore 66
Rank 31BMFUSPIMCO RAFI Dynamic Multi-Factor U.S. Equity ETFScore 66

Our read on each fund

ETF.net Research

JPMEBJPMorgan Diversified Return U.S. Mid Cap Equity ETF

VONVAVanguard Russell 1000 Value ETF

In short

JPME Multifactor investing mostly happens in large caps. JPME takes J.P. Morgan's value, quality and momentum rules down a size tier, spreading roughly 400 mid-cap names across an index built to beat plain cap weighting on a risk-adjusted basis.

VONV The plain-vanilla value trade, done cheap: about 900 large US value stocks, full replication of the Russell 1000 Value Index, 0.06% a year. No factor cocktail, no premium price tag, and one of the strongest implementations in its factor peer group.

Stated mandate

JPME The fund seeks U.S. mid-cap equity exposure and aims for better risk-adjusted returns than a market-cap-weighted index.

VONV The fund seeks to track the Russell 1000 Value Index, representing large-capitalization value stocks in the United States. It uses passive indexing and full replication to remain closely aligned with that benchmark.

Why people hold it

JPME Three factors in one ticker: value, quality and momentum, applied by published index rules rather than a stock picker's judgment.jpmorgan.com
Charges 0.24% a year, under the median fee in its multifactor peer group, which is unusual for a rules-heavy strategy fund.
Spread across roughly 400 mid-cap stocks, so no single holding carries the strategy.
Sticks tightly to its stated index, one of the closer implementations in a crowded multifactor field, and has been running since 2016.

VONV 0.06% a year, a fraction of the typical fee among factor ETFs. On a rules-based value index there is little room for cleverness, so cost does most of the work.vanguard.com
Full replication, not sampling: it owns the index's roughly 900 names and has stayed tightly aligned with the Russell 1000 Value benchmark since launching in 2010.
Same Russell benchmark as pricier rivals for less: the Goldman MarketBeta version (GVUS) charges 0.12% to track the identical value index.
A multi-billion-dollar fund that trades actively, among the easiest in its group to get in and out of, and it distributes quarterly.

Worth knowing

JPME Thinly traded next to the giant index funds, so bid-ask spreads and order size deserve more attention here than with a household-name ETF.
The index deliberately departs from cap weighting to chase better risk-adjusted results, which means stretches where it moves differently from a standard mid-cap benchmark.jpmorgan.com
Distributions land quarterly, not monthly, and this is a growth-oriented equity mandate rather than an income one.

VONV One screen, one style. Value only, with no quality or momentum overlay, so the ride follows the value side of the market wherever it goes.vanguard.com
This is the entire value bucket, not a best-ideas portfolio. About 900 holdings means results hug the large-cap value category rather than stray from it.
Cheaper exists nearby: Vanguard's VYM charges 0.04%, but it screens for dividend yield, a different portfolio than a Russell value index.

Full JPME profile⁠

Full VONV profile⁠

JPME vs VONV Holdings

How JPME and VONV differ

Overlap by weight

12.9%

Shared holdings make up 91.3% of JPME and 13.0% of VONV.

Level by level

Holdings310 in both12.9%
Sector11 Sectors75.3%
Countryby domicile98.8%
Asset classEquity100%

Sector

Sector weights in JPME and VONV, widest gap first
Sector	More in JPMEMore in VONV	JPME	VONV
Technology	VONV +12.0 points	9.9%	21.9%
Financials	VONV +9.5 points	8.4%	17.9%
Real Estate	JPME +8.2 points	11.7%	3.5%
Utilities	JPME +6.8 points	10.2%	3.4%
Materials	JPME +3.9 points	7.2%	3.3%
Consumer Staples	JPME +3.3 points	10.5%	7.2%
Consumer Discretionary	VONV +1.6 points	8.8%	10.4%
Health Care	VONV +1.5 points	11.9%	13.4%
Energy	JPME +1.0 points	7.2%	6.2%
Industrials	JPME +0.9 points	10.4%	9.5%
Communication	JPME +0.6 points	4.0%	3.4%

Country, concentration and asset class

Country by domicile

Country weights in JPME and VONV, widest gap first
Country	More in JPMEMore in VONV	JPME	VONV
United States	VONV +1.2 points	98.8%	100.0%
Other countries (5)	JPME +1.2 points	1.2%	0.0%

Concentration

Weight in the 10 largest Holdings

JPME5.1%
VONV29.8%

Securities held

JPME343
VONV883

Asset class

JPME: Equity
VONV: Equity

Holdings

Only in JPME33
In both310
Only in VONV573

Only in JPME

33 securities, 8.6% of JPME by weight

Halozyme Therapeutics0.47%
Becton Dickinson & Co0.43%
Simon Property Group Inc0.43%
Medpace Holdings Inc0.43%
Vivmark Residential Reit0.39%
Cencora Inc Common Stock0.35%
Vylor Inc Common Stock0.34%
Steris PLC Common Stock0.34%
Emcor Group Inc Common0.33%
Tapestry Inc Common Stock0.33%
Darden Restaurants Inc0.32%
Qiagen NV Common Stock0.32%
Lumentum Holdings Inc0.31%
Vistra Corp Common Stock0.30%
Globalstar Inc Common0.30%
Expedia Group Inc Common0.29%
Jbs NV Common Stock USD0.29%
Ubiquiti Inc0.28%
Jabil Inc Common Stock0.28%
Teradyne Inc Common Stock0.26%
Nrg Energy Inc Common0.24%
Carpenter Technology Corp0.21%
Viavi Solutions Inc0.20%
Microchip Technology Inc0.20%
JPMorgan U.s. Government0.19%
Penumbra Inc Common Stock0.18%
Fortune Brands0.18%
Aura Minerals Inc Common0.16%
Targa Resources Corp0.12%
Applied Optoelectronics0.11%
Manhattan Associates Inc0.06%
S&P Mid 400 12/18/2026<0.01%
Tpg Inc Right USD0.00%

Only in VONV

573 securities, 86.7% of VONV by weight

Amazon.com Inc6.08%
Apple Inc6.06%
Microsoft Corp5.23%
Berkshire Hathaway Inc2.55%
JPMorgan Chase & Co2.43%
ExxonMobil Holdings Corp1.84%
Johnson & Johnson1.75%
Intel Corp1.51%
AbbVie Inc1.17%
Cisco Systems Inc1.17%
Walmart Inc1.14%
Chevron Corp1.04%
Merck & Co Inc0.99%
Procter & Gamble Co/The0.93%
UnitedHealth Group Inc0.91%
Bank of America Corp0.90%
Philip Morris International Inc0.82%
Coca-Cola Co/The0.81%
Meta Platforms Inc0.80%
Thermo Fisher Scientific Inc0.69%
RTX Corp0.69%
Goldman Sachs Group Inc/The0.67%
Wells Fargo & Co0.67%
Costco Wholesale Corp0.62%
Linde PLC0.60%
Morgan Stanley0.58%
International Business Machines Corp0.57%
QUALCOMM Inc0.53%
Verizon Communications Inc0.53%
Gilead Sciences Inc0.51%
Salesforce Inc0.50%
Walt Disney Co/The0.50%
Citigroup Inc0.50%
Analog Devices Inc0.49%
Abbott Laboratories0.47%
Welltower Inc0.46%
Deere & Co0.46%
McDonald's Corp0.45%
AT&T Inc0.45%
Pfizer Inc0.45%
Blackrock Inc0.44%
NextEra Energy Inc0.43%
ConocoPhillips0.42%
PepsiCo Inc0.42%
Union Pacific Corp0.41%
Charles Schwab Corp/The0.41%
Dell Technologies Inc0.39%
Eaton Corp PLC0.39%
Danaher Corp0.38%
Vertex Pharmaceuticals Inc0.36%

Weight gaps

The 100 widest of 310 Holdings in both funds.

Holding weights in JPME and VONV, widest gap first
Holding	More in JPMEMore in VONV	JPME	VONV
Skyworks Solutions IncSWKS	JPME +0.68 points	0.72%	0.04%
Kimberly-Clark CorpKMB	JPME +0.54 points	0.60%	0.06%
Exelixis Inc Common StockEXEL	JPME +0.45 points	0.48%	0.03%
Brown-Forman Corp CommonBF.B	JPME +0.44 points	0.45%	<0.01%
Host Hotels & ResortsHST	JPME +0.43 points	0.47%	0.04%
Revvity Inc Common StockRVTY	JPME +0.42 points	0.47%	0.05%
Hasbro Inc Common StockHAS	JPME +0.42 points	0.45%	0.03%
Coca-Cola ConsolidatedCOKE	JPME +0.42 points	0.45%	0.03%
Apa Corp Common Stock USDAPA	JPME +0.42 points	0.46%	0.04%
Tyson Foods Inc CommonTSN	JPME +0.41 points	0.45%	0.04%
Macy's Inc Common StockM	JPME +0.41 points	0.43%	0.02%
Pinnacle West CapitalPNW	JPME +0.41 points	0.44%	0.03%
Oge Energy Corp CommonOGE	JPME +0.40 points	0.43%	0.03%
Roku Inc Common Stock USDROKU	JPME +0.41 points	0.41%	<0.01%
United Therapeutics CorpUTHR	JPME +0.40 points	0.46%	0.06%
Ww Grainger Inc CommonGWW	JPME +0.40 points	0.42%	0.02%
Lamb Weston Holdings IncLW	JPME +0.40 points	0.42%	0.02%
Williams-Sonoma IncWSM	JPME +0.40 points	0.46%	0.06%
Lamar Advertising CoLAMR	JPME +0.39 points	0.42%	0.03%
Fastenal Co Common StockFAST	JPME +0.39 points	0.42%	0.03%
Ugi Corp Common StockUGI	JPME +0.39 points	0.41%	0.02%
Viatris Inc Common StockVTRS	JPME +0.39 points	0.45%	0.06%
Smucker(J.m.)co Com StkSJM	JPME +0.39 points	0.42%	0.03%
Range Resources CorpRRC	JPME +0.39 points	0.41%	0.02%
International Flavors &IFF	JPME +0.38 points	0.44%	0.06%
Permian ResourcesPR	JPME +0.38 points	0.42%	0.04%
Hf Sinclair Corp CommonDINO	JPME +0.39 points	0.43%	0.04%
Msc Industrial Direct CoMSM	JPME +0.38 points	0.40%	0.02%
Texas Roadhouse IncTXRH	JPME +0.38 points	0.40%	0.02%
Reinsurance Group ofRGA	JPME +0.39 points	0.43%	0.04%
Ryder System Inc CommonR	JPME +0.38 points	0.40%	0.02%
Evergy Inc Common StockEVRG	JPME +0.38 points	0.43%	0.05%
Match Group Inc CommonMTCH	JPME +0.37 points	0.40%	0.03%
Jones Lang Lasalle IncJLL	JPME +0.37 points	0.41%	0.04%
Omega HealthcareOHI	JPME +0.37 points	0.41%	0.04%
Labcorp Holdings IncLH	JPME +0.37 points	0.44%	0.07%
Lincoln Electric HoldingsLECO	JPME +0.37 points	0.40%	0.03%
Reliance Inc Common StockRS	JPME +0.37 points	0.42%	0.05%
Ovintiv Inc Common StockOVV	JPME +0.37 points	0.41%	0.04%
Iridium CommunicationsIRDM	JPME +0.36 points	0.37%	<0.01%
Idacorp Inc Common StockIDA	JPME +0.36 points	0.38%	0.02%
Caci International IncCACI	JPME +0.36 points	0.40%	0.04%
Scotts Miracle-GroSMG	JPME +0.36 points	0.37%	<0.01%
Epr Properties Reit USDEPR	JPME +0.36 points	0.37%	0.01%
Clearway Ener-C RgCWEN	JPME +0.36 points	0.37%	<0.01%
Mdu Resources Group IncMDU	JPME +0.36 points	0.37%	0.01%
Ralph Lauren Corp CommonRL	JPME +0.36 points	0.37%	0.01%
Quest Diagnostics IncDGX	JPME +0.36 points	0.43%	0.07%
Kraft Heinz Co/TheKHC	JPME +0.36 points	0.41%	0.05%
Royalty Pharma PLC CommonRPRX	JPME +0.35 points	0.42%	0.07%
Tenet Healthcare CorpTHC	JPME +0.35 points	0.41%	0.06%
Avnet Inc Common StockAVT	JPME +0.35 points	0.37%	0.02%
Packaging Corp ofPKG	JPME +0.36 points	0.41%	0.05%
Popular Inc Common StockBPOP	JPME +0.35 points	0.37%	0.02%
Casey's General StoresCASY	JPME +0.35 points	0.36%	<0.01%
Reynolds ConsumerREYN	JPME +0.35 points	0.35%	<0.01%
Us Foods Holding CorpUSFD	JPME +0.34 points	0.40%	0.06%
Hershey Co/The CommonHSY	JPME +0.34 points	0.40%	0.06%
Consolidated EdisonED	JPME +0.35 points	0.45%	0.10%
Alliant Energy CorpLNT	JPME +0.35 points	0.39%	0.04%
Performance Food Group CoPFGC	JPME +0.34 points	0.38%	0.04%
First CitizensFCNCA	JPME +0.34 points	0.39%	0.05%
Cardinal Health IncCAH	JPME +0.34 points	0.42%	0.08%
Globus Medical Inc CommonGMED	JPME +0.34 points	0.36%	0.02%
Penske Automotive GroupPAG	JPME +0.34 points	0.35%	<0.01%
Snap-On Inc Common StockSNA	JPME +0.34 points	0.39%	0.05%
Carlisle Cos Inc CommonCSL	JPME +0.34 points	0.37%	0.03%
Gen Digital Inc CommonGEN	JPME +0.33 points	0.36%	0.03%
Mgic Investment CorpMTG	JPME +0.34 points	0.35%	0.01%
Netapp Inc Common StockNTAP	JPME +0.33 points	0.40%	0.07%
Brixmor Property GroupBRX	JPME +0.33 points	0.35%	0.02%
Eversource Energy CommonES	JPME +0.33 points	0.40%	0.07%
Davita Inc Common StockDVA	JPME +0.32 points	0.34%	0.02%
Incyte Corp Common StockINCY	JPME +0.32 points	0.38%	0.06%
Allison TransmissionALSN	JPME +0.32 points	0.34%	0.02%
Regency Centers CorpREG	JPME +0.32 points	0.36%	0.04%
Henry Schein Inc CommonHSIC	JPME +0.32 points	0.34%	0.02%
Antero Midstream CorpAM	JPME +0.32 points	0.34%	0.02%
Conagra Brands Inc CommonCAG	JPME +0.32 points	0.34%	0.02%
Molson Coors Beverage CoTAP	JPME +0.31 points	0.33%	0.02%
Clean Harbors Inc CommonCLH	JPME +0.31 points	0.35%	0.04%
Cf Industries HoldingsCF	JPME +0.31 points	0.36%	0.05%
Church & Dwight Co IncCHD	JPME +0.32 points	0.38%	0.06%
Hexcel Corp Common StockHXL	JPME +0.32 points	0.33%	0.01%
The Campbell's CompanyCPB	JPME +0.31 points	0.32%	0.01%
Nisource Inc Common StockNI	JPME +0.31 points	0.36%	0.05%
Jazz Pharmaceuticals PLCJAZZ	JPME +0.31 points	0.35%	0.04%
Cubesmart Reit USD 0.01CUBE	JPME +0.31 points	0.33%	0.02%
Millicom InternationalTIGO	JPME +0.31 points	0.33%	0.02%
Timken Co/The CommonTKR	JPME +0.31 points	0.33%	0.02%
Darling Ingredients IncDAR	JPME +0.30 points	0.33%	0.03%
Newmarket Corp CommonNEU	JPME +0.30 points	0.32%	0.02%
National Fuel Gas CoNFG	JPME +0.31 points	0.33%	0.02%
Toll Brothers Inc CommonTOL	JPME +0.31 points	0.34%	0.03%
Illumina Inc Common StockILMN	JPME +0.31 points	0.42%	0.11%
Brookfield Renewable CorpBEPC	JPME +0.30 points	0.31%	0.01%
Wec Energy Group IncWEC	JPME +0.30 points	0.39%	0.09%
Dillard's Inc CommonDDS	JPME +0.29 points	0.30%	<0.01%
Oshkosh Corp Common StockOSK	JPME +0.30 points	0.32%	0.02%
Old RepublicORI	JPME +0.30 points	0.32%	0.02%

All 342 JPME holdings⁠All 872 VONV 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.

JPME vs VONV Cost

Overpaying JPME vs VONV

$3,689

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

JPME 0.24%
$4,959
VONV 0.06%
$1,270

Amount$10,000

Years30 years

Cost over time

JPME 0.24%
VONV 0.06%
Overpaying

Year by year

Year	JPME	VONV	Overpaying
10	$437	$110	$327
20	$1,699	$432	$1,267
30	$4,959	$1,270	$3,689

Expense ratio

0.24%JPME
0.06%VONV, cheaper

VONV0.06%JPME0.24%

0.04%1.01%

Middle half of US Multifactor funds
Median 0.29%

VONV 4th cheapest of 99 funds

JPME 35th cheapest of 99 funds

JPME vs VONV Dividends

Last 12 months to Nov 2, 2026

Yield (12M): JPME 1.77%, better; VONV 1.53%
Payout (12M): JPME $2.22; VONV $1.74
Last payment: JPME $0.58; VONV $0.42
Ex-dividend: JPME Sep 22, 2026; VONV Sep 23, 2026
Paid on: JPME Sep 24, 2026; VONV Sep 25, 2026
Frequency: JPME Quarterly; VONV Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

JPMEQuarterly · 36 paymentsAll JPME payments⁠

VONVQuarterly · 39 paymentsAll VONV payments⁠

JPME vs VONV Risk

Fall from peak · 5 years

JPME
VONV

Risk facts

VolatilityStd dev, 3 years: JPME 13.1%VONV 12.1%, better
Return per unit of riskSharpe ratio, 3 years: JPME 1.00VONV 1.43, better
Worst fallMax drawdown, 5 years: JPME −19.3%VONV −18.9%, better
Market sensitivityBeta, 5 years: JPME 0.77VONV 0.85; Market = 1

JPME and VONV in the news

All news⁠

Best ETFs
Best value ETFs: Vanguard's 0.03% fund, unless you want Russell's list
Updated Nov 2, 2026VONV
Best ETFs
The best value ETF depends on whose list you bought
Updated Oct 2, 2026VONV
Category Review
US multifactor funds ran 30 points apart
Updated Oct 23, 2026VONV

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JPME vs VONV

In short

Stated mandate

Why people hold it

Worth knowing

How JPME and VONV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in JPME

Only in VONV

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

Best value ETFs: Vanguard's 0.03% fund, unless you want Russell's list

The best value ETF depends on whose list you bought

US multifactor funds ran 30 points apart

How JPME and VONV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in JPME

Only in VONV

Weight gaps