JPSE vs VYM: Grades, Fees and Holdings Compared

JPMorgan Diversified Return U.S. Small Cap Equity ETF

JPSEBNYSE Arca

Vanguard High Dividend Yield ETF

VYMANYSE Arca

Overlap

1.7%by weight

Expense ratio

VYM −0.25pt a year

JPSE0.29%VYM0.04%

Avg volume · 30D

VYM 55.1×the volume

JPSE20.7KVYM1.14M

5Y return · a year

VYM +5.1pt

JPSE+6.7%VYM+11.8%

JPSE vs VYM Performance

Oct 29, 2021 – Oct 30, 2026

+38.1%JPSE+74.3%VYM

Expense ratio: JPSE 0.29%; VYM 0.04%, better
Fund size: JPSE $576M; VYM $95.8B
1Y total return: JPSE +17.6%; VYM +19.3%, better
Yield (12M): JPSE 1.43%; VYM 2.24%, better
Holdings: JPSE 545; VYM 601
Avg volume (30D): JPSE 20.7K sh; VYM 1.14M sh, better
NAV per share: JPSE $57.55; VYM $163.75
52W range

ETF.net Grade

Pillar letters and Scores for JPSE, VYM, with each pillar’s weight
Pillar	JPSE	VYM
Cost30% weight	B55	A99Higher
Mission25% weight	A89Higher	A79
Risk15% weight	D35	A84Higher
Tradability15% weight	D27	B61Higher
Holdings10% weight	A86Higher	C53
Durability5% weight	B66	A95Higher

Rank among US Multifactor funds

How we build Categories ›

Same Category. JPSE and VYM 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 ›

VYM ranks 2nd and JPSE 40th of 99 funds in the US Multifactor Category.

Rank 1AVONVVanguard Russell 1000 Value ETFScore 85
Rank 2AILCViShares Morningstar Value ETFScore 81
Rank 2AVYMVanguard High Dividend Yield ETFScore 81
Rank 4AIMCViShares Morningstar Mid-Cap Value ETFScore 80
Rank 39BJOETVirtus Terranova U.S. Quality Momentum ETFScore 61
Rank 40BJPSEJPMorgan Diversified Return U.S. Small Cap Equity ETFScore 60
Rank 40BUSMFWisdomTree U.S. Multifactor FundScore 60

Our read on each fund

ETF.net Research

JPSEBJPMorgan Diversified Return U.S. Small Cap Equity ETF

VYMAVanguard High Dividend Yield ETF

In short

JPSE Small-cap exposure built to a rulebook instead of to market cap: JPMorgan spreads roughly 600 stocks around, aiming for better risk-adjusted results than a cap-weighted index, at 0.29% a year.

VYM The no-frills dividend workhorse. VYM buys the higher-yielding end of the US market, roughly 600 names, for four basis points: no quality screen, no dividend-growth-streak test, just yield, at scale since 2006.

Stated mandate

JPSE The fund seeks U.S. small-cap equity exposure while pursuing potentially better risk-adjusted returns than a market-cap-weighted index.

VYM The Fund seeks to track a benchmark index measuring the investment return of common stocks from companies characterized by high dividend yields.

Why people hold it

JPSE 0.29% a year, well under the typical fee in its US small-cap peer group. Cost is the one input you control up front, and this one is priced like an index fund.
Roughly 600 holdings, so no single small-cap stumble drives the fund. Spreading risk is the design, not a byproduct.
The mandate is explicit: chase small-cap returns without inheriting a cap-weighted index's concentration in whatever the market has already bid up.
Running since 2016 and one of the stronger implementations in a crowded small-cap field. It also pays out quarterly.

VYM Four basis points a year, against a peer-group median near 0.32%. Cheaper than cohort neighbors VONV (0.06%) and FNDX (0.25%).
Running since 2006 and now a multi-billion-dollar fund that trades actively, so ordinary orders tend to fill at tight spreads.
Simple mandate: track the FTSE High Dividend Yield Index of US common stocks screened on yield. No manager discretion, no options overlay, plain 1940-Act fund.vanguard.com
Pays quarterly, and among 100-plus value and multifactor rivals it stands as one of the strongest overall packages in the group.

Worth knowing

JPSE It trades thinly next to the big index small-cap names, so spreads can widen. Limit orders are the standard tool for funds that trade like this.
Not the cheapest strong option here: DUHP charges 0.20%, AVUV and AVSC 0.25%.
Weighting by rules rather than size means stretches where it looks nothing like the Russell 2000, up or down. That gap is the point, but it can test patience.

VYM The screen is yield, not payout growth or dividend quality, so a company can qualify simply because its share price fell.
This is a value slice by design, tilted to established payers, so it behaves differently from a total US market fund.
Roughly 600 holdings, but weight leans toward the largest payers, so the top of the roster does more of the work than the count suggests.

Full JPSE profile⁠

Full VYM profile⁠

JPSE vs VYM Holdings

How JPSE and VYM differ

Overlap by weight

1.7%

Shared holdings make up 25.4% of JPSE and 1.7% of VYM.

Level by level

Holdings121 in both1.7%
Sector11 Sectors76.9%
Countryby domicile99.2%
Asset classEquity100%

Sector

Sector weights in JPSE and VYM, widest gap first
Sector	More in JPSEMore in VYM	JPSE	VYM
Real Estate	JPSE +14.3 points	14.3%	0.0%
Financials	VYM +10.4 points	10.5%	20.9%
Technology	VYM +6.4 points	11.1%	17.5%
Materials	JPSE +6.2 points	9.4%	3.2%
Health Care	VYM +3.7 points	10.4%	14.1%
Energy	VYM +2.0 points	8.2%	10.2%
Consumer Discretionary	JPSE +1.8 points	7.8%	6.0%
Consumer Staples	JPSE +0.6 points	8.8%	8.2%
Communication	VYM +0.3 points	3.0%	3.3%
Industrials	VYM +0.2 points	11.4%	11.6%
Utilities	JPSE +0.3 points	5.3%	5.0%

Country, concentration and asset class

Country by domicile

Country weights in JPSE and VYM, widest gap first
Country	More in JPSEMore in VYM	JPSE	VYM
United States	VYM +0.8 points	99.2%	100.0%
Other countries (4)	JPSE +0.8 points	0.8%	0.0%

Concentration

Weight in the 10 largest Holdings

JPSE3.7%
VYM26.2%

Securities held

JPSE541
VYM594

Asset class

JPSE: Equity
VYM: Equity

Holdings

Only in JPSE420
In both121
Only in VYM473

Only in JPSE

420 securities, 74.3% of JPSE by weight

Pebblebrook Hotel Trust0.37%
Diamondrock Hospitality0.37%
Apple Hospitality Reit0.37%
Dht Holdings Inc Common0.37%
Ligand Pharmaceuticals0.36%
Rlj Lodging Trust Reit0.36%
10X Genomics Inc Common0.36%
Idt Corp Common Stock USD0.36%
Ryman Hospitality0.35%
Qualys Inc Common Stock0.35%
Outfront Media Inc Reit0.35%
Brightspring Health0.34%
Ltc Properties Inc Reit0.34%
International Seaways Inc0.34%
Teekay Tankers Ltd0.34%
Pediatrix Medical Group0.33%
Viasat Inc Common Stock0.33%
Vita Coco Co Inc/The0.33%
Digi International Inc0.33%
Urban Outfitters Inc0.33%
Macerich Co/The Reit USD0.33%
Nutex Health Inc Common0.33%
Protagonist Therapeutics0.32%
Ingevity Corp Common0.32%
Terreno Realty Corp Reit0.32%
Matson Inc Common Stock0.32%
Radnet Inc Common Stock0.32%
Utz Brands Holdings Llc0.32%
Netscout Systems Inc0.31%
Ryerson Holding Corp0.31%
Interface Inc Common0.31%
Dnow Inc Common Stock USD0.31%
Healthequity Inc Common0.31%
Sabra Health Care Reit0.30%
St Joe Co/The Common0.30%
Caretrust Reit Inc0.30%
Kite Realty Group Trust0.30%
Ameris Bancorp Common0.30%
Copt Defense Properties0.30%
Select Energy Services0.30%
Openlane Inc Common0.30%
Par Pacific Holdings Inc0.30%
Cactus Inc Common Stock0.30%
Option Care Health Inc0.30%
Balchem Corp Common Stock0.30%
United Natural Foods Inc0.30%
Granite Construction Inc0.30%
Integer Holdings Corp0.29%
Federal Signal Corp0.29%
Alkermes PLC Common Stock0.29%

Only in VYM

473 securities, 98.2% of VYM by weight

Broadcom Inc6.94%
JPMorgan Chase & Co3.76%
ExxonMobil Holdings Corp2.85%
Johnson & Johnson2.71%
AbbVie Inc1.97%
Cisco Systems Inc1.81%
Chevron Corp1.61%
Caterpillar Inc1.56%
Merck & Co Inc1.53%
Bank of America Corp1.50%
Procter & Gamble Co/The1.44%
Coca-Cola Co/The1.42%
UnitedHealth Group Inc1.41%
Philip Morris International Inc1.26%
Home Depot Inc/The1.21%
Texas Instruments Inc1.08%
RTX Corp1.06%
Goldman Sachs Group Inc/The1.03%
Wells Fargo & Co1.03%
Oracle Corp1.00%
Linde PLC0.93%
Citigroup Inc0.92%
Morgan Stanley0.90%
Amgen Inc0.89%
International Business Machines Corp0.88%
QUALCOMM Inc0.82%
Analog Devices Inc0.82%
Verizon Communications Inc0.82%
Gilead Sciences Inc0.79%
Walt Disney Co/The0.78%
PepsiCo Inc0.73%
Abbott Laboratories0.73%
Eaton Corp PLC0.71%
McDonald's Corp0.70%
AT&T Inc0.69%
Pfizer Inc0.69%
Dell Technologies Inc0.69%
Blackrock Inc0.69%
Union Pacific Corp0.69%
NextEra Energy Inc0.67%
ConocoPhillips0.65%
Bristol-Myers Squibb Co0.54%
Newmont Corp0.52%
Progressive Corp/The0.51%
Capital One Financial Corp0.49%
Marathon Petroleum Corp0.49%
Chubb Ltd0.49%
Altria Group Inc0.48%
Accenture PLC0.48%
Valero Energy Corp0.47%

Weight gaps

The 100 widest of 121 Holdings in both funds.

Holding weights in JPSE and VYM, widest gap first
Holding	More in JPSEMore in VYM	JPSE	VYM
Signet Jewelers LtdSIG	JPSE +0.35 points	0.37%	0.02%
Northwestern Energy GroupNWE	JPSE +0.33 points	0.35%	0.02%
Black Hills Corp CommonBKH	JPSE +0.33 points	0.35%	0.02%
Ashland Inc Common StockASH	JPSE +0.31 points	0.32%	0.01%
Cno Financial Group IncCNO	JPSE +0.31 points	0.33%	0.02%
Chesapeake Utilities CorpCPK	JPSE +0.31 points	0.32%	0.01%
Southwest Gas HoldingsSWX	JPSE +0.31 points	0.33%	0.02%
Avista Corp Common StockAVA	JPSE +0.30 points	0.31%	0.01%
United Bankshares Inc/WvUBSI	JPSE +0.29 points	0.32%	0.03%
Pbf Energy Inc CommonPBF	JPSE +0.30 points	0.33%	0.03%
Avient Corp Common StockAVNT	JPSE +0.29 points	0.31%	0.02%
Murphy Oil Corp CommonMUR	JPSE +0.29 points	0.31%	0.02%
American States Water CoAWR	JPSE +0.30 points	0.31%	0.01%
Spire Inc Common StockSR	JPSE +0.29 points	0.31%	0.02%
Ha SustainableHASI	JPSE +0.29 points	0.31%	0.02%
New Jersey ResourcesNJR	JPSE +0.29 points	0.31%	0.02%
Essent Group Ltd CommonESNT	JPSE +0.29 points	0.31%	0.02%
Spectrum Brands HoldingsSPB	JPSE +0.29 points	0.30%	<0.01%
Scorpio Tankers IncSTNG	JPSE +0.28 points	0.30%	0.02%
Victory Capital HoldingsVCTR	JPSE +0.29 points	0.31%	0.02%
Clear Secure Inc CommonYOU	JPSE +0.28 points	0.30%	0.02%
Gatx Corp Common StockGATX	JPSE +0.28 points	0.31%	0.03%
Old National Bancorp/InONB	JPSE +0.27 points	0.31%	0.04%
Jackson Financial IncJXN	JPSE +0.27 points	0.31%	0.04%
Bank of Nt Butterfield &NTB	JPSE +0.27 points	0.28%	<0.01%
Northwest NaturalNWN	JPSE +0.27 points	0.28%	<0.01%
Radian Group Inc CommonRDN	JPSE +0.27 points	0.29%	0.02%
Quaker Chemical CorpKWR	JPSE +0.26 points	0.27%	<0.01%
Portland General ElectricPOR	JPSE +0.27 points	0.29%	0.02%
One Gas Inc Common StockOGS	JPSE +0.26 points	0.28%	0.02%
Otter Tail Corp CommonOTTR	JPSE +0.27 points	0.28%	0.01%
Sensient TechnologiesSXT	JPSE +0.26 points	0.28%	0.02%
Hni Corp Common StockHNI	JPSE +0.26 points	0.27%	0.01%
Worthington EnterprisesWOR	JPSE +0.25 points	0.26%	<0.01%
Patterson-Uti Energy IncPTEN	JPSE +0.24 points	0.26%	0.02%
Energizer Holdings IncENR	JPSE +0.24 points	0.25%	<0.01%
Cabot Corp Common StockCBT	JPSE +0.24 points	0.26%	0.02%
Cathay General BancorpCATY	JPSE +0.24 points	0.26%	0.02%
Magnolia Oil & Gas CorpMGY	JPSE +0.24 points	0.26%	0.02%
California ResourcesCRC	JPSE +0.23 points	0.25%	0.02%
Sm Energy Co CommonSM	JPSE +0.24 points	0.27%	0.03%
Buckle Inc/The CommonBKE	JPSE +0.23 points	0.24%	<0.01%
Archrock Inc Common StockAROC	JPSE +0.23 points	0.25%	0.02%
Phinia Inc Common StockPHIN	JPSE +0.23 points	0.24%	<0.01%
Txnm Energy Inc CommonTXNM	JPSE +0.23 points	0.26%	0.03%
Benchmark Electronics IncBHE	JPSE +0.23 points	0.24%	0.01%
Home Bancshares Inc/ArHOMB	JPSE +0.23 points	0.25%	0.02%
World Kinect Corp CommonWKC	JPSE +0.22 points	0.23%	<0.01%
Mge Energy Inc CommonMGEE	JPSE +0.22 points	0.23%	0.01%
Noble Corp PLC CommonNE	JPSE +0.22 points	0.24%	0.02%
Enact Holdings IncACT	JPSE +0.21 points	0.22%	<0.01%
WD-40 Co Common Stock USDWDFC	JPSE +0.22 points	0.23%	0.01%
California Water ServiceCWT	JPSE +0.22 points	0.23%	0.01%
Kaiser Aluminum CorpKALU	JPSE +0.21 points	0.22%	<0.01%
Weis Markets Inc CommonWMK	JPSE +0.21 points	0.22%	<0.01%
Installed BuildingIBP	JPSE +0.21 points	0.23%	0.02%
Hancock Whitney CorpHWC	JPSE +0.21 points	0.23%	0.02%
Cal-Maine Foods IncCALM	JPSE +0.21 points	0.22%	0.01%
Flowers Foods Inc CommonFLO	JPSE +0.21 points	0.21%	<0.01%
Kontoor Brands Inc CommonKTB	JPSE +0.21 points	0.22%	0.01%
La-Z-Boy Inc CommonLZB	JPSE +0.20 points	0.21%	<0.01%
Innospec Inc CommonIOSP	JPSE +0.20 points	0.21%	0.01%
Peabody Energy CorpBTU	JPSE +0.20 points	0.21%	0.01%
Steven Madden Ltd CommonSHOO	JPSE +0.20 points	0.21%	0.01%
Kulicke & SoffaKLIC	JPSE +0.20 points	0.22%	0.02%
Ufp Industries Inc CommonUFPI	JPSE +0.19 points	0.21%	0.02%
First Bancorp/Puerto RicoFBP	JPSE +0.19 points	0.21%	0.02%
Greif Inc Common StockGEF	JPSE +0.19 points	0.20%	<0.01%
Worthington Steel IncWS	JPSE +0.19 points	0.19%	<0.01%
Maximus Inc Common StockMMS	JPSE +0.18 points	0.19%	0.01%
Abm Industries IncABM	JPSE +0.18 points	0.19%	0.01%
Helmerich & Payne IncHP	JPSE +0.17 points	0.19%	0.02%
Fulton Financial CorpFULT	JPSE +0.17 points	0.19%	0.02%
International BancsharesIBOC	JPSE +0.17 points	0.19%	0.02%
Liberty Energy Inc CommonLBRT	JPSE +0.17 points	0.18%	0.01%
Korn Ferry Common StockKFY	JPSE +0.16 points	0.18%	0.02%
Northwest Bancshares IncNWBI	JPSE +0.16 points	0.17%	<0.01%
Pagseguro Digital LtdPAGS	JPSE +0.16 points	0.17%	<0.01%
Newmark Group Inc CommonNMRK	JPSE +0.16 points	0.17%	<0.01%
Mcgrath Rentcorp CommonMGRC	JPSE +0.16 points	0.17%	0.01%
Boise Cascade Co CommonBCC	JPSE +0.16 points	0.17%	0.01%
Wafd Inc Common StockWAFD	JPSE +0.16 points	0.17%	<0.01%
Super Group Sghc LtdSGHC	JPSE +0.15 points	0.16%	<0.01%
Flex Lng Ltd CommonFLNG	JPSE +0.16 points	0.16%	<0.01%
Lci Industries CommonLCII	JPSE +0.15 points	0.16%	<0.01%
Wesbanco Inc Common StockWSBC	JPSE +0.15 points	0.16%	0.01%
American EagleAEO	JPSE +0.15 points	0.16%	0.01%
First Financial BancorpFFBC	JPSE +0.15 points	0.16%	0.01%
Sylvamo Corp CommonSLVM	JPSE +0.15 points	0.15%	<0.01%
Visteon Corp CommonVC	JPSE +0.14 points	0.15%	<0.01%
Renasant Corp CommonRNST	JPSE +0.14 points	0.15%	0.01%
Hope Bancorp IncHOPE	JPSE +0.13 points	0.14%	<0.01%
Strategic Education IncSTRA	JPSE +0.13 points	0.14%	<0.01%
Umb Financial Corp CommonUMBF	JPSE +0.13 points	0.17%	0.04%
Trinet Group Inc CommonTNET	JPSE +0.13 points	0.14%	<0.01%
Provident FinancialPFS	JPSE +0.13 points	0.14%	0.01%
Chemours Co/The CommonCC	JPSE +0.13 points	0.14%	<0.01%
Huntsman Corp CommonHUN	JPSE +0.12 points	0.13%	<0.01%
Power Integrations IncPOWI	JPSE +0.13 points	0.14%	0.01%
Artisan Partners AssetAPAM	JPSE +0.13 points	0.14%	<0.01%

All 543 JPSE holdings⁠All 589 VYM 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.

JPSE vs VYM Cost

Overpaying JPSE vs VYM

$5,103

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

JPSE 0.29%
$5,952
VYM 0.04%
$849

Amount$10,000

Years30 years

Cost over time

JPSE 0.29%
VYM 0.04%
Overpaying

Year by year

Year	JPSE	VYM	Overpaying
10	$527	$73	$454
20	$2,044	$288	$1,756
30	$5,952	$849	$5,103

Expense ratio

0.29%JPSE
0.04%VYM, cheaper

VYM0.04%JPSE0.29%

0.04%1.01%

Middle half of US Multifactor funds
Median 0.29%

VYM cheapest of 99 funds

JPSE 43rd cheapest of 99 funds

JPSE vs VYM Dividends

Last 12 months to Oct 30, 2026

Yield (12M): JPSE 1.43%; VYM 2.24%, better
Payout (12M): JPSE $0.82; VYM $3.68
Last payment: JPSE $0.25; VYM $0.89
Ex-dividend: JPSE Sep 22, 2026; VYM Sep 18, 2026
Paid on: JPSE Sep 24, 2026; VYM Sep 22, 2026
Frequency: JPSE Quarterly; VYM Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

JPSEQuarterly · 37 paymentsAll JPSE payments⁠

VYMQuarterly · 39 paymentsAll VYM payments⁠

JPSE vs VYM Risk

Fall from peak · 5 years

JPSE
VYM

Risk facts

VolatilityStd dev, 3 years: JPSE 17.0%VYM 11.1%, better
Return per unit of riskSharpe ratio, 3 years: JPSE 0.77VYM 1.38, better
Worst fallMax drawdown, 5 years: JPSE −25.6%VYM −15.9%, better
Market sensitivityBeta, 5 years: JPSE 1.01VYM 0.75; Market = 1

JPSE and VYM in the news

All news⁠

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Head-to-Head
VTV leads VYM over 10 years. The recent gap is one year
Oct 23, 2026VYM
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Schwab's dividend ETF returned 22.8% in a year. Its income rate still trails a one-month bill.
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Category Review
US multifactor funds ran 30 points apart
Updated Oct 23, 2026VYM

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JPSE vs VYM

In short

Stated mandate

Why people hold it