Looking for broad exposure to the Small Cap Blend segment of the US equity market? You should consider the JPMorgan Diversified Return U.S. Small Cap Equity ETF (JPSE), a passively managed exchange traded fund launched on 11/15/2016.The fund is sponsored by J.P. Morgan. It has amassed assets over $204.78 million, making it one of the average sized ETFs attempting to match the Small Cap Blend segment of the US equity market.Why Small Cap BlendWith more potential comes more risk, and small cap companies, with market capitalization below $2 billion, epitomizes this way of thinking.Blend ETFs are aptly named, since they tend to hold a mix of growth and value stocks, as well as show characteristics of both kinds of equities.CostsCost is an important factor in selecting the right ETF, and cheaper funds can significantly outperform their more expensive counterparts if all other fundamentals are the same.Annual operating expenses for this ETF are 0.29%, putting it on par with most peer products in the space.It has a 12-month trailing dividend yield of 1.45%.Sector Exposure and Top HoldingsIt is important to delve into an ETF's holdings before investing despite the many upsides to these kinds of funds like diversified exposure, which minimizes single stock risk. And, most ETFs are very transparent products that disclose their holdings on a daily basis.This ETF has heaviest allocation to the Information Technology sector--about 13.70% of the portfolio. Industrials and Financials round out the top three.Looking at individual holdings, Antero Resources Corp (AR) accounts for about 0.59% of total assets, followed by Jpmorgan Us Govt Mmkt Fun and Consol Energy Inc Common (CEIX).The top 10 holdings account for about 4.64% of total assets under management.Performance and RiskJPSE seeks to match the performance of the Russell 2000 Diversified Factor Index before fees and expenses. The JP Morgan Diversified Factor US Small Cap Equity Index utilizes a rules-based approach that combines risk-based portfolio construction with multi-factor security selection, including value, quality and momentum factors.The ETF has lost about -14.84% so far this year and is down about -7.35% in the last one year (as of 07/27/2022). In the past 52-week period, it has traded between $36.34 and $47.96.The ETF has a beta of 1.12 and standard deviation of 29.23% for the trailing three-year period. With about 594 holdings, it effectively diversifies company-specific risk.AlternativesJPMorgan Diversified Return U.S. Small Cap Equity ETF carries a Zacks ETF Rank of 3 (Hold), which is based on expected asset class return, expense ratio, and momentum, among other factors. Thus, JPSE is a sufficient option for those seeking exposure to the Style Box - Small Cap Blend area of the market. Investors might also want to consider some other ETF options in the space.The iShares Russell 2000 ETF (IWM) and the iShares Core S&P SmallCap ETF (IJR) track a similar index. While iShares Russell 2000 ETF has $51.55 billion in assets, iShares Core S&P SmallCap ETF has $64.66 billion. IWM has an expense ratio of 0.19% and IJR charges 0.06%.Bottom-LineWhile an excellent vehicle for long term investors, passively managed ETFs are a popular choice among institutional and retail investors due to their low costs, transparency, flexibility, and tax efficiency.To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center. Want key ETF info delivered straight to your inbox? Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week.Get it free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report JPMorgan Diversified Return U.S. Small Cap Equity ETF (JPSE): ETF Research Reports iShares Russell 2000 ETF (IWM): ETF Research Reports Antero Resources Corporation (AR): Free Stock Analysis Report iShares Core S&P SmallCap ETF (IJR): ETF Research Reports Consol Energy Inc. (CEIX): Free Stock Analysis Report To read this article on Zacks.com click here.