JPMorgan BetaBuilders Developed Asia ex-Japan ETF
ALTAR
Score™
6.8% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
20.4x P/Sales
ratio
2.5x
P/BV
ratio
1.4x Div.
yield
3.1%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The JPMorgan BetaBuilders Developed Asia ex-Japan ETF tracks a market-cap-weighted index of large- and midcap stocks in developed-market Asian countries, excluding Japan.

FUND BASICS
Category International Equities
Fund Sponsor JPMorgan
Website am.jpmorgan.com
Inception date Aug 07, 2018
Assets (mns) $1,529
Currency USD
Expense ratio 19 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Market Cap
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 155
Wgt avg mkt cap (mns) $43,611
Large cap (>$10bn) 75.4%
Mid cap ($2-10bn) 23.4%
Small cap (<$2bn) 0.2%
Developed mkts 99.1%
Emerging mkts 0.9%

TOP TEN HOLDINGS
AIA GROUP LTD 6.9 %
COMMONWEALTH BANK OF AUSTRAL 5.6 %
CSL LIMITED 5.5 %
BHP BILLITON LTD 5.1 %
HONG KONG EXCHANGES & CLEAR 3.6 %
WESTPAC BANKING CORP 2.7 %
NATIONAL AUSTRALIA BANK LTD 2.4 %
WESFARMERS LIMITED 2.3 %
AUST AND NZ BANKING GROUP 2.2 %
WOOLWORTHS LIMITED 2.2 %
Total 38.6 %

TOP COUNTRY EXPOSURE
AUSTRALIA 57.7 %
HONG KONG 24.8 %
SINGAPORE 10.1 %
NEW ZEALAND 3.0 %
MACAU 0.8 %
IRELAND 0.6 %
BERMUDA 0.2 %
CAMBODIA 0.2 %



HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-10.5% -8.9% -- -- -0.9%

Market Correlations
versus... Beta R-squared
S&P500 0.87 72%
MSCI EAFE 1.06 87%
MSCI Emg. Mkts. 0.84 87%

Technical Indicators
Recent close $23.60
30d moving avg. $23.13
Annualized volatility 21.7%
Short interest (ETF) 0.0%
Relative strength (RSI) 58

Liquidity measures
Avg. volume (thou.) 164
Turnover 0.3%
Bid/Ask (% of price) 0.10%
ADV underlying (mns) $5,468

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the JPMorgan BetaBuilders Developed Asia ex-Japan ETF ETF based on the alternatives' overlap in portfolio holdings with BBAX. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: BBAX Expense: 19 bp ALTAR Score™: 6.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH BBAX
Ticker Fund
Name
Overlap1
vs BBAX
(%)
Expense
ratio
(bp)
Savings
vs BBAX
(bp)
ALTAR
Score™
(%)
ALTAR
vs BBAX
(%)
EPP iShares MSCI Pacific ex-Japan ETF 92.4 48 -29 6.5 -0.3
FLAU Franklin FTSE Australia ETF 58.2 9 10 6.5 -0.3
EWA iShares MSCI Australia ETF 56.7 50 -31 6.1 -0.7
SCIX Global X Scientific Beta Asia ex-Japan ETF 38.6 38 -19 6.6 -0.2
IPAC iShares Core MSCI Pacific ETF 25.8 9 10 7.2 +0.4
FLHK Franklin FTSE Hong Kong ETF 25.5 9 10 8.0 +1.2
ZHOK SPDR Solactive Hong Kong ETF 25.4 14 5 6.8 -0.1
EWH iShares MSCI Hong Kong ETF 25.2 49 -30 6.8 +0.0
RFAP First Trust Riverfront Dynamic Asia Pacific ETF 23.2 83 -64 5.3 -1.5
VPL Vanguard FTSE Pacific ETF 22.0 8 11 7.5 +0.7
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 19.8 80 -61 7.3 +0.5
FAUS First Trust Australia AlphaDEX Fund 18.8 80 -61 6.3 -0.6
AIA iShares Asia 50 ETF 17.4 50 -31 7.9 +1.1
DVYA iShares Asia/Pacific Dividend ETF 16.9 49 -30 12.8 +6.0
IDHD Invesco S&P Intl Developed High Dividend Low Volatility ETF 16.7 30 -11 8.5 +1.7
IQLT iShares Edge MSCI Intl Quality Factor ETF 15.0 30 -11 6.0 -0.8
HDEF Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF 15.0 20 -1 9.4 +2.6
JPIN JPMorgan Diversified Return International Equity ETF 14.9 37 -18 7.8 +1.0
EFAV iShares Edge MSCI Min Vol EAFE ETF 14.4 20 -1 5.4 -1.4
IDY Pacific Global International Equity Income ETF 14.1 39 -20 7.9 +1.1
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 13.7 24 -5 7.0 +0.2
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 13.5 35 -16 6.8 +0.0
TPIF Timothy Plan International ETF 13.4 62 -43 6.2 -0.7
IDHQ Invesco S&P International Developed Quality ETF 13.4 29 -10 5.0 -1.8
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 13.2 80 -61 6.5 -0.3
LVHI Legg Mason International Low Volatility High Dividend ETF 13.2 40 -21 9.0 +2.2
CID VictoryShares Intl High Dividend Volatility Wtd Index ETF 13.0 45 -26 9.8 +3.0
IDOG ALPS International Sector Dividend Dogs ETF 13.0 50 -31 10.6 +3.8
DWMF WisdomTree International Multifactor Fund 12.9 38 -19 6.6 -0.2
DTH WisdomTree DEFA Equity Income Fund 12.7 58 -39 9.6 +2.8
DIM WisdomTree International MidCap Dividend Fund 12.5 58 -39 7.5 +0.7
INTF iShares Edge MSCI Multifactor Intl ETF 12.4 30 -11 7.7 +0.9
EFAS Global X MSCI SuperDividend EAFE ETF 12.3 56 -37 9.6 +2.8
QEFA SPDR MSCI EAFE Quality Mix ETF 12.3 30 -11 6.8 -0.0
ISZE iShares Edge MSCI Intl Size Factor ETF 12.1 30 -11 7.2 +0.4
IDMO Invesco S&P International Developed Momentum ETF 11.9 26 -7 4.4 -2.4
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 11.6 30 -11 0.0 -6.8
GSID Goldman Sachs MarketBeta International Equity ETF 11.3 20 -1 7.2 +0.4
CIL VictoryShares International Volatility Weighted Index ETF 11.3 45 -26 6.5 -0.3
IDV iShares International Select Dividend ETF 11.2 49 -30 10.0 +3.2
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 11.2 45 -26 6.5 -0.3
GNR SPDR S&P Global Natural Resources ETF 11.1 40 -21 6.3 -0.5
DWM WisdomTree International Equity Fund 11.0 48 -29 8.2 +1.4
IDLV Invesco S&P International Developed Low Volatility ETF 11.0 25 -6 6.7 -0.1
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 11.0 35 -16 8.4 +1.6
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 11.0 20 -1 10.8 +4.0
EFV iShares MSCI EAFE Value ETF 11.0 39 -20 9.4 +2.6
DOL WisdomTree International LargeCap Dividend Fund 11.0 48 -29 8.5 +1.7
IQSI IQ Candriam ESG International Equity ETF 10.9 15 4 7.2 +0.4
EFA iShares MSCI EAFE ETF 10.9 32 -13 6.9 +0.1
EFG iShares MSCI EAFE Growth ETF 10.9 40 -21 4.5 -2.3
JHMD John Hancock Multifactor Developed International ETF 10.7 39 -20 7.3 +0.5
HFXI IQ 50 Percent Hedged FTSE International ETF 10.7 20 -1 7.3 +0.5
ESGD iShares MSCI EAFE ESG Optimized ETF 10.6 20 -1 6.8 +0.0
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 10.6 35 -16 6.7 -0.1
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 10.3 14 5 6.9 +0.1
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 10.3 20 -1 7.0 +0.2
RODM Hartford Multifactor Developed Markets (ex-US) ETF 10.2 29 -10 8.5 +1.7
GCOW Pacer Global High Dividend ETF 10.2 60 -41 10.2 +3.4
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 10.1 7 12 7.4 +0.6
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 10.0 32 -13 6.3 -0.5
DBAP Xtrackers MSCI Asia Pacific ex Japan Hedged Equity ETF 9.8 10 9 9.2 +2.4
BKIE BNY Mellon International Equity ETF 9.7 4 15 7.2 +0.4
RNDM Developed International Equity Select ETF 9.7 65 -46 6.2 -0.6
PQIN PGIM QMA Strategic Alpha International Equity ETF 9.7 29 -10 7.6 +0.7
IEFA iShares Core MSCI EAFE ETF 9.7 7 12 7.2 +0.4
VNQI Vanguard Global ex-US Real Estate Index Fund 9.6 12 7 10.1 +3.3
WPS iShares International Developed Property ETF 9.6 48 -29 7.9 +1.1
AAXJ iShares MSCI All Country Asia ex Japan ETF 9.5 68 -49 7.0 +0.2
FLAX Franklin FTSE Asia Ex Japan ETF 9.5 19 0 7.6 +0.8
IXG iShares Global Financials ETF 9.5 46 -27 9.7 +2.9
GSIE Goldman Sachs ActiveBeta International Equity ETF 9.5 25 -6 6.5 -0.3
EWS iShares MSCI Singapore ETF 9.5 50 -31 8.6 +1.8
NUDM Nuveen ESG International Developed Markets Equity ETF 9.4 40 -21 6.7 -0.1
SCHF Schwab International Equity ETF 9.3 6 13 7.2 +0.4
VGFO Virtus WMC Global Factor Opportunities ETF 9.3 49 -30 7.8 +1.0
PICK iShares MSCI Global Metals & Mining Producers ETF 9.3 39 -20 6.8 -0.0
RFDI First Trust Riverfront Dynamic Developed International ETF 9.2 83 -64 5.6 -1.2
VYMI Vanguard International High Dividend Yield ETF 9.1 32 -13 9.9 +3.1
WWJD Inspire International ESG ETF 9.1 80 -61 7.3 +0.5
FIVA Fidelity International Value Factor ETF 9.1 39 -20 9.8 +3.0
IDEV iShares Core MSCI International Developed Markets ETF 9.0 5 14 7.1 +0.3
IDLB Invesco FTSE International Low Beta Equal Weight ETF 9.0 45 -26 7.0 +0.2
DOO WisdomTree International Dividend ex-Financials Fund 9.0 58 -39 8.6 +1.8
MVIN Natixis Seeyond International Minimum Volatility ETF 9.0 56 -37 5.3 -1.5
FIDI Fidelity International High Dividend ETF 8.9 39 -20 11.0 +4.2
FDEV Fidelity Targeted International Factor ETF 8.7 39 -20 6.5 -0.3
MXI iShares Global Materials ETF 8.6 46 -27 5.7 -1.2
IQDE FlexShares International Quality Dividend Defensive Index Fd 8.5 47 -28 11.9 +5.1
PDEV Principal International Multi-Factor Core Index ETF 8.5 25 -6 7.7 +0.9
DRW WisdomTree Global ex-US Real Estate Fund 8.5 58 -39 10.6 +3.8
SPDW SPDR Portfolio Developed World ex-US ETF 8.4 4 15 7.0 +0.2
GUNR Flexshares Morningstar Global Upstream Natural Resources 8.4 46 -27 5.5 -1.3
DWCR Arrow DWA Country Rotation ETF 8.2 95 -76 13.6 +6.8
UIVM VictoryShares USAA MSCI International Value Momentum ETF 8.1 35 -16 8.5 +1.7
VEA Vanguard FTSE Developed Markets ETF 8.1 5 14 7.3 +0.5
FHK First Trust Hong Kong AlphaDEX Fund 8.0 80 -61 8.9 +2.1
EFAD ProShares MSCI EAFE Dividend Growers ETF 8.0 50 -31 6.0 -0.8
IFGL iShares International Developed Real Estate ETF 7.6 48 -29 7.7 +0.9

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2015 2016 2017 2018 2019 2020E 2021E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
JPMorgan BetaBuilders Developed Asia ex-Japan ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 9.8 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 19 bp
Equals: ALTAR Score 6.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.60 CATEGORY
AVERAGE
1.59
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.