JUSA vs WINN: Grades, Fees and Holdings Compared

JPMorgan U.S. Research Enhanced Large Cap ETF

JUSAANYSE Arca

Harbor Long-Term Growers ETF (WINN)

WINNBNYSE

Overlap

50.4%by weight

Expense ratio

JUSA −0.39pt a year

JUSA0.18%WINN0.57%

Avg volume · 30D

WINN 1.1×the volume

JUSA98.8KWINN106K

JUSA vs WINN Performance

Oct 31, 2025 – Oct 30, 2026

+10.8%JUSA+1.8%WINN

Expense ratio: JUSA 0.18%, better; WINN 0.57%
Fund size: JUSA $745M; WINN $1.19B
1Y total return: JUSA +10.8%, better; WINN +1.8%
Yield (12M): JUSA 0.72%, better; WINN 0.00%
Holdings: JUSA 263; WINN 75
Avg volume (30D): JUSA 98.8K sh; WINN 106K sh, better
NAV per share: JUSA $67.75; WINN $32.91
52W range

ETF.net Grade

Pillar letters and Scores for JUSA, WINN, with each pillar’s weight
Pillar	JUSA	WINN
Cost30% weight	A99Higher	C47
Mission25% weight	A84	Not scored
Risk15% weight	A92Higher	C48
Tradability15% weight	B58	A71Higher
Holdings10% weight	A84Higher	B62
Durability5% weight	A76	A79Higher

Rank among US Active Growth funds

How we build Categories ›

Same Category. JUSA and WINN 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 WINN 32nd 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 32BFBCGFidelity Blue Chip Growth ETFScore 56
Rank 32BWINNHarbor Long-Term Growers ETF (WINN)Score 56
Rank 35BFMAGFidelity Magellan ETFScore 55

Our read on each fund

ETF.net Research

JUSAAJPMorgan U.S. Research Enhanced Large Cap ETF

WINNBHarbor Long-Term Growers ETF (WINN)

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.

WINN Jennison Associates, the boutique behind Harbor's flagship growth franchise, picks roughly 70 US growth names here. Concentrated by design, non-diversified by the prospectus's own label, and priced like the active fund it is.

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.

WINN The Fund seeks long-term growth of capital.

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.

WINN Genuinely active: Jennison's team builds the portfolio bottom-up from company research, and the prospectus labels the fund non-diversified, so a high-conviction name can actually move it.sec.gov harborcapital.com
About 70 stocks, not 500. You are buying a judgment call on which US mid- and large-cap growers compound, not a slice of every name in a growth index.sec.gov
Launched in 2022 and now a multi-billion-dollar fund with moderate daily volume, the usual foundation for workable spreads on retail-sized orders.

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

WINN At 0.57% it sits a shade above the peer median (0.54%) and several times the cost of systematic rivals like JUSA (0.12%) and FELG (0.18%).
Concentration cuts both ways: with roughly 70 growth names and a non-diversified mandate, a rough stretch for high-growth stocks has little else to cushion it.sec.gov
The stated objective is long-term growth of capital, so income is not what this portfolio is built to produce.

Full JUSA profile⁠

Full WINN profile⁠

JUSA vs WINN Holdings

How JUSA and WINN differ

Overlap by weight

50.4%

Shared holdings make up 88.0% of WINN and 51.9% of JUSA.

Level by level

Holdings51 in both50.4%
Sector11 Sectors81.9%
Countryby domicile96.9%
Asset classEquity100%

Sector

Sector weights in JUSA and WINN, widest gap first
Sector	More in JUSAMore in WINN	JUSA	WINN
Technology	WINN +11.9 points	40.7%	52.6%
Financials	JUSA +5.9 points	11.1%	5.2%
Communication	WINN +4.7 points	10.0%	14.7%
Energy	JUSA +3.3 points	3.3%	0.0%
Industrials	JUSA +2.2 points	7.3%	5.1%
Materials	JUSA +1.6 points	1.6%	0.0%
Utilities	JUSA +1.5 points	1.9%	0.4%
Consumer Discretionary	WINN +1.4 points	9.8%	11.2%
Real Estate	JUSA +1.3 points	1.7%	0.4%
Consumer Staples	JUSA +1.3 points	3.6%	2.3%
Health Care	JUSA +0.9 points	9.0%	8.1%

Country, concentration and asset class

Country by domicile

Country weights in JUSA and WINN, widest gap first
Country	More in JUSAMore in WINN	JUSA	WINN
United States	JUSA +3.0 points	99.9%	96.9%
Taiwan	WINN +1.1 points	0.0%	1.1%
Canada	WINN +0.8 points	0.0%	0.8%
Other countries (6)	WINN +1.1 points	0.1%	1.2%

Concentration

Weight in the 10 largest Holdings

JUSA37.8%
WINN56.6%

Securities held

JUSA261
WINN75

Asset class

JUSA: Equity
WINN: Equity

Holdings

Only in JUSA210
In both51
Only in WINN24

Only in JUSA

210 securities, 47.9% of JUSA by weight

Alphabet Inc-Cl C -1.93%
Exxonmobil Holdings Corp1.45%
Berkshire Hathaway Inc1.35%
Johnson & Johnson Common1.32%
AbbVie Inc Common Stock1.15%
JPMorgan Prime Money0.95%
Rtx Corp0.93%
Wells Fargo & Co Common0.77%
Philip Morris0.75%
Citigroup Inc Common0.70%
Conocophillips Common0.69%
UnitedHealth Group Inc0.67%
Bank of America Corp0.66%
Lowe's Cos Inc Common0.65%
Nextera Energy Inc0.64%
Pepsico Inc Common Stock0.64%
3M Co Common Stock USD0.62%
Eog Resources Inc Common0.60%
Us Bancorp Common Stock0.59%
Trane Technologies PLC0.57%
Charles Schwab Corp/The0.56%
The Southern Company0.55%
Bristol-Myers Squibb Co0.50%
Accenture PLC Common0.48%
AT&T Inc Common Stock USD0.48%
Mcdonald's Corp Common0.47%
Mondelez International0.47%
Howmet Aerospace Inc0.46%
Intel Corp Common Stock0.46%
Aon PLC Common Stock USD0.45%
Seagate Technology0.45%
Regeneron Pharmaceuticals0.44%
Morgan Stanley Dean0.43%
Booking Holdings Inc0.42%
Equinix Inc Reit USD0.42%
Fifth Third Bancorp0.41%
Ecolab Inc Common Stock0.41%
Keurig Dr Pepper Inc0.41%
Arthur J Gallagher & Co0.40%
Western Digital Corp0.40%
Stryker Corp Common Stock0.39%
Eaton Corp PLC Common0.39%
Capital One Financial0.39%
Nxp Semiconductors NV0.38%
Chipotle Mexican Grill0.36%
Sempra Common Stock USD0.35%
Cummins Inc Common Stock0.35%
Medtronic PLC Common0.34%
Progressive Corp/The0.34%
Ventas Inc Reit USD 0.250.33%

Only in WINN

24 securities, 12.0% of WINN by weight

Taiwan Semiconductor-Sp Adr1.07%
Spotify Technology SA1.05%
Analog Devices Inc1.02%
Shopify Inc - Class A0.83%
Tjx Companies Inc0.70%
Space Exploration Techn-Cl A0.66%
Agilent Technologies Inc0.65%
JPMorgan Chase & Co0.61%
Airbnb Inc-Class A0.59%
Cloudflare Inc - Class A0.56%
Keysight Technologies In0.48%
Inditex-Unspon Adr0.45%
Insmed Inc0.39%
Constellation Energy0.38%
Robinhood Markets Inc - A0.37%
Goldman Sachs Group Inc0.33%
Axon Enterprise Inc0.29%
Asml Holding Nv-Ny Reg Shs0.28%
Boeing Co/The0.27%
Roivant Sciences Ltd0.25%
Starbucks Corp0.24%
Mercadolibre Inc0.19%
Lpl Financial Holdings Inc0.18%
Credo Technology Group Holdi0.17%

Weight gaps

All 51 Holdings in both funds, largest gap first.

Holding weights in JUSA and WINN, widest gap first
Holding	More in JUSAMore in WINN	JUSA	WINN
Alphabet Inc-Cl A -GOOGL	WINN +4.27 points	2.53%	6.80%
NVIDIA Corp Common StockNVDA	WINN +3.16 points	7.86%	11.02%
Eli Lilly and CompanyLLY	WINN +2.92 points	1.54%	4.46%
Broadcom Inc CommonAVGO	WINN +2.85 points	2.54%	5.39%
Advanced Micro DevicesAMD	WINN +2.12 points	1.22%	3.34%
Mastercard Inc CommonMA	WINN +1.88 points	1.27%	3.15%
Snowflake Inc CommonSNOW	WINN +1.77 points	0.14%	1.91%
Crowdstrike Holdings IncCRWD	WINN +1.72 points	0.36%	2.08%
Hilton Worldwide HoldingsHLT	WINN +1.42 points	0.21%	1.63%
Meta Platforms Inc CommonMETA	WINN +1.26 points	2.16%	3.42%
Tesla Inc Common StockTSLA	WINN +1.24 points	1.42%	2.66%
General Electric CoGE	WINN +0.98 points	0.13%	1.11%
Cadence Design SystemsCDNS	WINN +0.97 points	0.18%	1.15%
Netflix Inc Common StockNFLX	WINN +0.96 points	0.39%	1.35%
Datadog Inc Common StockDDOG	WINN +0.95 points	0.13%	1.08%
Palantir Technologies IncPLTR	WINN +0.95 points	0.57%	1.52%
Apple Inc Common StockAAPL	WINN +0.75 points	7.31%	8.06%
Arista Networks IncANET	WINN +0.71 points	0.27%	0.98%
O'reilly Automotive IncORLY	WINN +0.68 points	0.05%	0.73%
Comfort Systems Usa IncFIX	WINN +0.65 points	0.08%	0.73%
Palo Alto Networks IncPANW	WINN +0.64 points	0.31%	0.95%
Walmart Inc Common StockWMT	WINN +0.57 points	0.52%	1.09%
Sandisk Corp CommonSNDK	WINN +0.52 points	0.22%	0.74%
Micron Technology IncMU	JUSA +0.51 points	1.57%	1.06%
The Coca-Cola CompanyKO	WINN +0.43 points	0.19%	0.62%
Amazon.com Inc CommonAMZN	WINN +0.40 points	3.95%	4.35%
Intuitive Surgical IncISRG	WINN +0.33 points	0.26%	0.59%
Ge Vernova Inc CommonGEV	WINN +0.31 points	0.28%	0.59%
Lam Research Corp CommonLRCX	JUSA +0.29 points	0.84%	0.55%
Thermo Fisher ScientificTMO	WINN +0.26 points	0.45%	0.71%
Danaher Corp CommonDHR	WINN +0.27 points	0.06%	0.33%
Texas Instruments IncTXN	JUSA +0.26 points	0.50%	0.24%
Visa Inc Common Stock USDV	WINN +0.24 points	1.18%	1.42%
Toast Inc Common StockTOST	WINN +0.21 points	0.08%	0.29%
Transdigm Group IncTDG	WINN +0.19 points	0.19%	0.38%
Doordash Inc CommonDASH	WINN +0.20 points	0.23%	0.43%
Microsoft Corp CommonMSFT	WINN +0.18 points	6.36%	6.54%
The Walt Disney CompanyDIS	JUSA +0.18 points	0.42%	0.24%
Merck & Co Inc CommonMRK	WINN +0.15 points	0.18%	0.33%
American Tower Corp ReitAMT	WINN +0.14 points	0.28%	0.42%
Uber Technologies IncUBER	WINN +0.14 points	0.05%	0.19%
Costco Wholesale CorpCOST	JUSA +0.10 points	0.61%	0.51%
Kla Corp Common Stock USDKLAC	WINN +0.09 points	0.11%	0.20%
Oracle Corp Common StockORCL	JUSA +0.06 points	0.27%	0.21%
Vertiv Holdings CoVRT	JUSA +0.06 points	0.34%	0.28%
Applied Materials IncAMAT	WINN +0.05 points	0.46%	0.51%
Edwards LifesciencesEW	JUSA +0.04 points	0.30%	0.26%
Vertex PharmaceuticalsVRTX	WINN +0.04 points	0.36%	0.40%
Amphenol Corp CommonAPH	WINN +0.02 points	0.55%	0.57%
Corning Inc Common StockGLW	Same weight	0.21%	0.21%
Servicenow Inc CommonNOW	WINN +0.01 points	0.16%	0.17%

All 261 JUSA holdings⁠All 74 WINN 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 WINN Cost

Overpaying WINN vs JUSA

$7,522

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

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

Amount$10,000

Years30 years

Cost over time

JUSA 0.18%
WINN 0.57%
Overpaying

Year by year

Year	JUSA	WINN	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%WINN

JUSA0.18%WINN0.57%

0.18%2.83%

Middle half of US Active Growth funds
Median 0.55%

JUSA cheapest of 90 funds

WINN 50th cheapest of 90 funds

JUSA vs WINN Dividends

Last 12 months to Oct 30, 2026

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

Distribution history

Per share, 2022 to 2026, same scale for both

JUSAQuarterly · 6 paymentsAll JUSA payments⁠

WINN2 paymentsAll WINN payments⁠

JUSA vs WINN 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 2025WINN 17.6%
Return per unit of riskSharpe ratio, 3 years: JUSA 1.41since Apr 2025WINN 1.03
Worst fallMax drawdown, 5 years: JUSA −14.0%since Mar 2025WINN −32.1%since Feb 2022
Market sensitivityBeta, 5 years: JUSA 0.98WINN 1.23; Market = 1

JUSA and WINN 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

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JUSA vs WINN

In short

Stated mandate

Why people hold it

Worth knowing

How JUSA and WINN differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in JUSA

Only in WINN

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 WINN differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in JUSA

Only in WINN

Weight gaps