JUSA vs TCHP: Grades, Fees and Holdings Compared

JPMorgan U.S. Research Enhanced Large Cap ETF

JUSAANYSE Arca

T. Rowe Price Blue Chip Growth ETF

TCHPCNYSE Arca

Overlap

47.1%by weight

Expense ratio

JUSA −0.39pt a year

JUSA0.18%TCHP0.57%

Avg volume · 30D

TCHP 1.6×the volume

JUSA112KTCHP181K

JUSA vs TCHP Performance

Nov 7, 2025 – Nov 9, 2026

+12.2%JUSA−2.1%TCHP

Expense ratio: JUSA 0.18%, better; TCHP 0.57%
Fund size: JUSA $871M; TCHP $1.99B
1Y total return: JUSA +12.2%, better; TCHP −2.1%
Yield (12M): JUSA 0.72%, better; TCHP 0.00%
Holdings: JUSA 264; TCHP 64
Avg volume (30D): JUSA 112K sh; TCHP 181K sh, better
NAV per share: JUSA $65.95; TCHP $46.56
52W range

ETF.net Grade

Pillar letters and Scores for JUSA, TCHP, with each pillar’s weight
Pillar	JUSA	TCHP
Cost30% weight	A99Higher	C47
Mission25% weight	A84	Not scored
Risk15% weight	A92Higher	C51
Tradability15% weight	B60	A71Higher
Holdings10% weight	A83Higher	C45
Durability5% weight	A77	A87Higher

Rank among US Active Growth funds

How we build Categories ›

Same Category. JUSA and TCHP are both graded against the same 90 US Active Growth funds, so their Grades compare head to head.

US Active Growth⁠

Category · 90 funds

See all 90 ›

JUSA ranks 1st and TCHP 38th 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
Rank 38CACGOHartford Alpha Capture Growth ETFScore 54
Rank 38CTCHPT. Rowe Price Blue Chip Growth ETFScore 54
Rank 40CRILAIndexperts Gorilla Aggressive Growth ETFScore 53

Our read on each fund

ETF.net Research

JUSAAJPMorgan U.S. Research Enhanced Large Cap ETF

TCHPCT. Rowe Price Blue Chip Growth ETF

In short

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.

TCHP The ETF wrapper on T. Rowe Price's Blue Chip Growth strategy, run in mutual fund form since 1993. It's also a rarity in today's market: an active fund that doesn't show its cards daily, publishing a proxy portfolio instead of a full holdings list.

Stated mandate

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.

TCHP The fund seeks long-term capital growth, with income as a secondary objective.

Why people hold it

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.

TCHP Concentrated by design: roughly 80 large-cap growth names chosen by T. Rowe's research bench rather than an index rulebook.
The strategy behind it is not a startup idea. T. Rowe has run Blue Chip Growth in mutual fund form since 1993, and this 2020 ETF version already holds billions.troweprice.com
Easy to deal in for an active fund: one of the smoother-trading names in its growth peer group, backed by a large, established issuer.

Worth knowing

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

TCHP No daily holdings list. The fund posts a proxy portfolio instead, and the prospectus notes market makers may be more likely to step away during market stress.troweprice.com
0.57% a year is active-manager pricing. Enhanced-index rivals in the same cohort, like JUSA and FELG, deliver large-cap growth exposure for a fraction of that.
Concentration cuts both ways: roughly 80 growth stocks behave differently from a broad market index, and the prospectus puts income second to capital growth.

Full JUSA profile⁠

Full TCHP profile⁠

JUSA vs TCHP Holdings

How JUSA and TCHP differ

Overlap by weight

47.1%

Shared holdings make up 88.8% of TCHP and 52.5% of JUSA.

Level by level

Holdings45 in both47.1%
Sector11 Sectors73.5%
Countryby domicile94.6%
Asset classStocks100%

Sector

Sector weights in JUSA and TCHP, widest gap first
Sector	Gap	JUSA	TCHP
Technology	TCHP +17.0 points	36.3%	53.3%
Communication	TCHP +9.1 points	8.7%	17.8%
Financials	JUSA +5.8 points	12.6%	6.8%
Health Care	JUSA +4.6 points	10.4%	5.8%
Consumer Staples	JUSA +4.5 points	4.5%	0.0%
Energy	JUSA +3.6 points	3.6%	0.0%
Industrials	JUSA +2.8 points	7.5%	4.7%
Utilities	JUSA +2.0 points	2.4%	0.4%
Real Estate	JUSA +1.9 points	1.9%	0.0%
Materials	JUSA +1.3 points	1.6%	0.3%
Consumer Discretionary	TCHP +0.4 points	10.6%	11.0%

Country, concentration and asset class

Country by domicile

Country weights in JUSA and TCHP, widest gap first
Country	Gap	JUSA	TCHP
United States	JUSA +5.4 points	99.9%	94.5%
Netherlands	TCHP +1.4 points	0.0%	1.4%
Taiwan	TCHP +1.0 points	0.0%	1.0%
South Korea	TCHP +1.0 points	0.0%	1.0%
Canada	TCHP +0.9 points	0.0%	0.9%
Switzerland	TCHP +0.8 points	0.1%	0.9%
Other countries (2)	TCHP +0.4 points	0.0%	0.4%

Concentration

Weight in the 10 largest Holdings

JUSA38.0%
TCHP60.0%

Securities held

JUSA262
TCHP64

Asset class

JUSA: Stocks
TCHP: Stocks

Holdings

Only in JUSA217
In both45
Only in TCHP19

Only in JUSA

217 securities, 47.4% of JUSA by weight

Berkshire Hathaway Inc1.46%
Johnson & Johnson Common1.37%
Exxonmobil Holdings Corp1.30%
AbbVie Inc Common Stock1.17%
JPMorgan Prime Money1.11%
Rtx Corp0.88%
Wells Fargo & Co Common0.79%
Philip Morris0.73%
Lowe's Cos Inc Common0.72%
Citigroup Inc Common0.70%
Nextera Energy Inc Common0.69%
3M Co Common Stock USD0.68%
Pepsico Inc Common Stock0.68%
Bank of America Corp0.67%
Costco Wholesale Corp0.65%
Conocophillips Common0.63%
Us Bancorp Common Stock0.60%
Trane Technologies PLC0.57%
The Southern Company0.56%
Walmart Inc Common Stock0.54%
Eog Resources Inc Common0.53%
Bristol-Myers Squibb Co0.52%
Mcdonald's Corp Common0.52%
AT&T Inc Common Stock USD0.49%
Mondelez International0.49%
Aon PLC Common Stock USD0.48%
Accenture PLC Common0.47%
The Walt Disney Company0.45%
Regeneron Pharmaceuticals0.44%
Equinix Inc Reit USD0.43%
Keurig Dr Pepper Inc0.43%
Arthur J Gallagher & Co0.42%
Fifth Third Bancorp0.42%
Ecolab Inc Common Stock0.41%
Intel Corp Common Stock0.41%
Chipotle Mexican Grill0.40%
Capital One Financial0.39%
Nxp Semiconductors NV0.38%
Eaton Corp PLC Common0.37%
Medtronic PLC Common0.37%
Vertex Pharmaceuticals0.36%
Ventas Inc Reit USD 0.250.36%
Autozone Inc Common Stock0.35%
Edwards Lifesciences Corp0.35%
Progressive Corp/The0.34%
Entergy Corp Common Stock0.34%
Cummins Inc Common Stock0.33%
Corpay Inc0.33%
Sempra Common Stock USD 00.33%
Seagate Technology0.33%

Only in TCHP

19 securities, 11.2% of TCHP by weight

Carvana3.00%
ASML Holding1.43%
Taiwan Semiconductor Manufacturing0.98%
SK hynix0.97%
Shopify0.86%
Monolithic Power Systems0.69%
Sea0.39%
Tjx0.37%
Constellation Energy0.37%
Marsh & McLennan0.36%
Space Exploration Technologies0.36%
Goldman Sachs0.32%
Cintas0.22%
Synopsys0.22%
Heico0.22%
Old Dominion Freight Line0.21%
Moody's0.12%
Medline0.08%
Cerebras Systems0.05%

Weight gaps

All 45 Holdings in both funds, largest gap first.

Holding weights in JUSA and TCHP, widest gap first
Holding	Gap	JUSA	TCHP
NVIDIA Corp Common StockNVDA	TCHP +10.32 points	7.37%	17.69%
Alphabet Inc-Cl C -GOOG	TCHP +3.93 points	2.02%	5.95%
Broadcom Inc CommonAVGO	TCHP +3.06 points	2.35%	5.41%
Alphabet Inc-Cl A -GOOGL	TCHP +2.86 points	2.64%	5.50%
Advanced Micro DevicesAMD	TCHP +2.62 points	1.12%	3.74%
Apple Inc Common StockAAPL	JUSA +2.40 points	7.46%	5.06%
Meta Platforms Inc CommonMETA	TCHP +2.21 points	2.20%	4.41%
Eli Lilly and CompanyLLY	TCHP +1.50 points	1.51%	3.01%
General Electric CoGE	TCHP +1.46 points	0.14%	1.60%
Applied Materials IncAMAT	TCHP +1.32 points	0.40%	1.72%
Visa Inc Common Stock USDV	TCHP +1.27 points	1.24%	2.51%
Lam Research Corp CommonLRCX	TCHP +1.13 points	0.72%	1.85%
Amazon.com Inc CommonAMZN	JUSA +1.00 points	4.38%	3.38%
Netflix Inc Common StockNFLX	TCHP +0.95 points	0.44%	1.39%
Tesla Inc Common StockTSLA	TCHP +0.84 points	1.31%	2.15%
Chubb Ltd Common StockCB	TCHP +0.80 points	0.09%	0.89%
Microsoft Corp CommonMSFT	JUSA +0.78 points	6.64%	5.87%
Marvell Technology IncMRVL	TCHP +0.74 points	0.15%	0.89%
Intuitive Surgical IncISRG	TCHP +0.63 points	0.28%	0.91%
Ge Vernova Inc CommonGEV	TCHP +0.63 points	0.25%	0.88%
Crowdstrike Holdings IncCRWD	TCHP +0.51 points	0.32%	0.83%
Servicenow Inc CommonNOW	TCHP +0.51 points	0.16%	0.67%
Mastercard Inc CommonMA	TCHP +0.50 points	1.34%	1.84%
T-Mobile Us Inc CommonTMUS	TCHP +0.48 points	0.04%	0.52%
Caterpillar Inc CommonCAT	TCHP +0.48 points	0.14%	0.62%
Oracle Corp Common StockORCL	TCHP +0.47 points	0.24%	0.71%
Danaher Corp Common StockDHR	TCHP +0.46 points	0.03%	0.49%
Booking Holdings IncBKNG	TCHP +0.35 points	0.47%	0.82%
Texas Instruments IncTXN	TCHP +0.31 points	0.47%	0.78%
Charles Schwab Corp/TheSCHW	JUSA +0.31 points	0.60%	0.29%
Stryker Corp Common StockSYK	JUSA +0.27 points	0.45%	0.18%
Palantir Technologies IncPLTR	JUSA +0.26 points	0.58%	0.32%
Ross Stores Inc CommonROST	TCHP +0.22 points	0.33%	0.55%
Micron Technology IncMU	TCHP +0.20 points	1.26%	1.46%
Datadog Inc Common StockDDOG	TCHP +0.21 points	0.10%	0.31%
Roper Technologies IncROP	TCHP +0.20 points	0.07%	0.27%
Howmet Aerospace IncHWM	JUSA +0.17 points	0.49%	0.32%
UnitedHealth Group IncUNH	JUSA +0.17 points	0.67%	0.50%
Linde PLC Common StockLIN	TCHP +0.17 points	0.15%	0.32%
Thermo Fisher ScientificTMO	TCHP +0.16 points	0.46%	0.62%
Doordash Inc Common StockDASH	TCHP +0.10 points	0.24%	0.34%
Amphenol Corp CommonAPH	JUSA +0.08 points	0.54%	0.46%
Morgan Stanley DeanMS	TCHP +0.02 points	0.44%	0.46%
Transdigm Group IncTDG	TCHP +0.02 points	0.20%	0.22%
Te Connectivity PLCTEL	JUSA +0.01 points	0.03%	0.02%

All 262 JUSA holdings⁠All 76 TCHP 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.

JUSA vs TCHP Cost

Overpaying TCHP vs JUSA

$7,522

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

JUSA 0.18%
$3,749
TCHP 0.57%
$11,271

Amount$10,000

Years30 years

Cost over time

JUSA 0.18%
TCHP 0.57%
Overpaying

Year by year

Year	JUSA	TCHP	Overpaying
10	$328	$1,023	$695
20	$1,281	$3,921	$2,640
30	$3,749	$11,271	$7,522

Expense ratio

0.18%JUSA, cheaper
0.57%TCHP

JUSA0.18%TCHP0.57%

0.18%2.83%

Middle half of US Active Growth funds
Median 0.55%

JUSA cheapest of 90 funds

TCHP 50th cheapest of 90 funds

JUSA vs TCHP Dividends

Last 12 months to Nov 9, 2026

Yield (12M): JUSA 0.72%, better; TCHP 0.00%
Payout (12M): JUSA $0.49; TCHP None
Last payment: JUSA $0.13; TCHP No data
Ex-dividend: JUSA Sep 22, 2026; TCHP No data
Paid on: JUSA Sep 24, 2026; TCHP No data
Frequency: JUSA Quarterly; TCHP No data

Distribution history

Per share, 2021 to 2026, same scale for both

JUSAQuarterly · 6 paymentsAll JUSA payments⁠

TCHP1 paymentAll TCHP payments⁠

JUSA vs TCHP Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: JUSA 11.6%since Apr 2025TCHP 17.2%
Return per unit of riskSharpe ratio, 3 years: JUSA 1.41since Apr 2025TCHP 0.96
Worst fallMax drawdown, 5 years: JUSA −14.0%since Mar 2025TCHP −42.3%
Market sensitivityBeta, 5 years: JUSA 0.98TCHP 1.21; Market = 1

JUSA and TCHP in the news

All news⁠

New ETFs
YieldMax lists an SK hynix options ETF that does not own the shares
Oct 28, 2026JUSA
ETF Filings
JPMorgan All Country Research Enhanced Equity ETF sets 0.22% fee, ticker JALL
Sep 4, 2026JUSA

Popular comparisons

JUSAAvsGUSEA
JPMorgan U.S. Research Enhanced Large Cap ETF · Goldman Sachs Enhanced U.S. Equity ETF
Expense ratio
0.18% · 0.30%
Category
TCHPCvsGUSEA
T. Rowe Price Blue Chip Growth ETF · Goldman Sachs Enhanced U.S. Equity ETF
Expense ratio
0.57% · 0.30%
Category
JUSAAvsLRGCA
JPMorgan U.S. Research Enhanced Large Cap ETF · AB US Large Cap Strategic Equities ETF
Expense ratio
0.18% · 0.39%
Category
TCHPCvsLRGCA
T. Rowe Price Blue Chip Growth ETF · AB US Large Cap Strategic Equities ETF
Expense ratio
0.57% · 0.39%
Category
JUSAAvsFELGA
JPMorgan U.S. Research Enhanced Large Cap ETF · Fidelity Enhanced Large Cap Growth ETF
Expense ratio
0.18% · 0.18%
Category
TCHPCvsFELGA
T. Rowe Price Blue Chip Growth ETF · Fidelity Enhanced Large Cap Growth ETF
Expense ratio
0.57% · 0.18%
Category

JUSA vs TCHP

In short

Stated mandate

Why people hold it

Worth knowing

How JUSA and TCHP differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in JUSA

Only in TCHP

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

YieldMax lists an SK hynix options ETF that does not own the shares

JPMorgan All Country Research Enhanced Equity ETF sets 0.22% fee, ticker JALL

How JUSA and TCHP differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in JUSA

Only in TCHP

Weight gaps