JPMorgan BetaBuilders Europe ETF
ALTAR
Score™
6.7% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
22.8x P/Sales
ratio
1.5x
P/BV
ratio
1.7x Div.
yield
2.6%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Seeks investment results that closely correspond to the Morningstar Developed Europe Target Market Exposure Index.

FUND BASICS
Category international Equities
Fund Sponsor JPMorgan
Website am.jpmorgan.com
Inception date Jun 15, 2018
Assets (mns) $3,286
Currency USD
Expense ratio 9 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 493
Wgt avg mkt cap (mns) $82,910
Large cap (>$10bn) 91.5%
Mid cap ($2-10bn) 7.3%
Small cap (<$2bn) 0.1%
Developed mkts 99.9%
Emerging mkts 0.1%

TOP TEN HOLDINGS
NESTLE SA-REG 3.2 %
ROCHE HOLDING AG-GENUSSCHEIN 2.4 %
ASML HOLDING NV 2.3 %
NOVARTIS AG-REG 2.3 %
LVMH MOET HENNESSY LOUIS VUI 1.6 %
UNILEVER PLC 1.5 %
ASTRAZENECA PLC 1.4 %
SAP AG 1.3 %
SIEMENS AG-REG 1.3 %
NOVO NORDISK A/S-B 1.2 %
Total 18.5 %

TOP COUNTRY EXPOSURE
BRITAIN 22.8 %
SWITZERLAND 15.6 %
FRANCE 15.1 %
GERMANY 13.6 %
NETHERLANDS 7.2 %
SWEDEN 5.7 %
SPAIN 3.9 %
DENMARK 3.9 %
ITALY 3.3 %
FINLAND 2.2 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
4.8% 4.8% -- -- 5.2%

Market Correlations
versus... Beta R-squared
S&P500 0.92 81%
MSCI EAFE 1.02 98%
MSCI Emg. Mkts. 0.80 73%

Technical Indicators
Recent close $26.80
30d moving avg. $26.51
Annualized volatility 20.5%
Short interest (ETF) 0.0%
Relative strength (RSI) 57

Liquidity measures
Avg. volume (thou.) 1,644
Turnover 1.3%
Bid/Ask (% of price) 0.04%
ADV underlying (mns) $38,960

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 97 potential alternatives to the JPMorgan BetaBuilders Europe ETF ETF based on the alternatives' overlap in portfolio holdings with BBEU. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: BBEU Expense: 9 bp ALTAR Score™: 6.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH BBEU
Ticker Fund
Name
Overlap1
vs BBEU
(%)
Expense
ratio
(bp)
Savings
vs BBEU
(bp)
ALTAR
Score™
(%)
ALTAR
vs BBEU
(%)
IEV iShares Europe ETF 93.0 59 -50 6.3 -0.4
DFAI Dimensional International Core Equity Market ETF 93.0 18 -9 6.4 -0.3
DBEU Xtrackers MSCI Europe Hedged Equity ETF 93.0 45 -36 6.0 -0.7
FLEE Franklin FTSE Europe ETF 92.7 9 0 6.5 -0.2
FLEH Franklin FTSE Europe Hedged ETF 92.3 9 0 6.5 -0.2
IEUR iShares Core MSCI Europe ETF 85.9 9 0 6.6 -0.1
VGK Vanguard FTSE Europe ETF 85.5 8 1 6.8 +0.1
SPEU SPDR Portfolio Europe ETF 82.8 9 0 6.8 +0.2
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 68.6 25 -16 5.9 -0.8
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 60.3 20 -11 6.4 -0.3
EFA iShares MSCI EAFE ETF 60.3 32 -23 6.2 -0.4
IQSI IQ Candriam ESG International Equity ETF 59.8 15 -6 6.4 -0.3
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 58.7 35 -26 6.1 -0.6
ESGD iShares MSCI EAFE ESG Optimized ETF 57.7 20 -11 6.2 -0.5
GSID Goldman Sachs MarketBeta International Equity ETF 57.6 20 -11 6.3 -0.4
BKIE BNY Mellon International Equity ETF 54.4 4 5 6.6 -0.1
HFXI IQ 50 Percent Hedged FTSE International ETF 54.0 20 -11 6.4 -0.2
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 53.2 7 2 6.5 -0.1
IEFA iShares Core MSCI EAFE ETF 52.3 7 2 6.5 -0.2
JHMD John Hancock Multifactor Developed International ETF 51.5 39 -30 6.6 -0.1
QEFA SPDR MSCI EAFE Quality Mix ETF 51.0 30 -21 6.0 -0.7
EFV iShares MSCI EAFE Value ETF 50.6 39 -30 8.4 +1.8
SCHF Schwab International Equity ETF 48.9 6 3 6.5 -0.2
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 48.6 45 -36 7.7 +1.0
EZU iShares MSCI Eurozone ETF 48.5 51 -42 6.0 -0.7
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 48.5 45 -36 6.0 -0.6
IDEV iShares Core MSCI International Developed Markets ETF 47.8 5 4 6.5 -0.2
EURZ Xtrackers Eurozone Equity ETF 46.8 9 0 6.6 -0.1
EFG iShares MSCI EAFE Growth ETF 46.8 40 -31 4.1 -2.6
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 46.8 14 -5 6.1 -0.6
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 46.3 35 -26 6.0 -0.7
DOL WisdomTree International LargeCap Dividend Fund 45.1 48 -39 7.2 +0.5
GSIE Goldman Sachs ActiveBeta International Equity ETF 44.7 25 -16 6.0 -0.7
PDEV Principal International Multi-Factor Core Index ETF 44.2 25 -16 7.1 +0.4
SPDW SPDR Portfolio Developed World ex-US ETF 43.8 4 5 6.2 -0.5
DMXF iShares ESG Advanced MSCI EAFE ETF 43.6 12 -3 6.2 -0.5
DWM WisdomTree International Equity Fund 43.5 48 -39 7.2 +0.5
VEA Vanguard FTSE Developed Markets ETF 43.1 5 4 6.6 -0.1
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 42.9 40 -31 7.2 +0.6
FNDF Schwab Fundamental International Large Co. Index ETF 42.3 25 -16 7.7 +1.0
IQLT iShares Edge MSCI Intl Quality Factor ETF 40.0 30 -21 5.2 -1.5
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 39.6 39 -30 5.6 -1.1
EUDG WisdomTree Europe Quality Dividend Growth Fund 39.0 58 -49 6.5 -0.2
RESD WisdomTree International ESG Fund 38.1 30 -21 6.5 -0.2
CWI SPDR MSCI ACWI ex-US ETF 37.3 30 -21 6.2 -0.5
ACWX iShares MSCI ACWI ex U.S. ETF 37.3 32 -23 6.3 -0.4
CIL VictoryShares International Volatility Weighted Index ETF 37.2 45 -36 6.4 -0.3
IQIN IQ 500 International ETF 37.2 25 -16 7.7 +1.0
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 37.2 45 -36 6.4 -0.3
ISDX Invesco RAFI Strategic Developed ex-US ETF 36.5 23 -14 6.3 -0.4
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 36.5 40 -31 6.1 -0.6
VYMI Vanguard International High Dividend Yield ETF 36.3 27 -18 9.0 +2.4
VSGX Vanguard ESG International Stock ETF 35.9 17 -8 6.3 -0.4
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 35.0 16 -7 6.0 -0.7
VEU Vanguard FTSE All-World ex-US Index Fund 34.9 8 1 6.7 -0.0
ISZE iShares Edge MSCI Intl Size Factor ETF 34.0 30 -21 6.3 -0.4
OEUR O'shares FTSE Europe Quality Dividend ETF 33.4 48 -39 5.1 -1.6
IXUS ishares Core MSCI Total International Stock ETF 32.8 9 0 6.4 -0.3
IMTM iShares Edge MSCI Intl Momentum Factor ETF 31.7 30 -21 4.1 -2.6
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 31.7 39 -30 7.4 +0.8
RFEU First Trust Riverfront Dynamic Europe ETF 31.5 83 -74 5.6 -1.1
NUDM Nuveen ESG International Developed Markets Equity ETF 31.3 40 -31 5.9 -0.8
IVLU iShares Edge MSCI Intl Value Factor ETF 30.7 30 -21 10.0 +3.4
AVDE Avantis International Equity ETF 29.9 23 -14 6.9 +0.2
PQIN PGIM QMA Strategic Alpha International Equity ETF 29.6 29 -20 7.1 +0.4
RNDM First Trust Developed International Equity Select ETF 29.6 65 -56 5.7 -1.0
FEZ SPDR EURO STOXX 50 ETF 29.5 29 -20 6.2 -0.5
TPIF Timothy Plan International ETF 28.8 62 -53 6.1 -0.6
RBIN Nationwide Risk-Based International Equity ETF 28.3 42 -33 6.0 -0.6
VXUS Vanguard Total International Stock ETF 26.3 8 1 6.6 -0.1
VIGI Vanguard International Dividend Appreciation ETF 26.3 20 -11 5.0 -1.6
FDEV Fidelity Targeted International Factor ETF 25.9 39 -30 6.2 -0.5
FIVA Fidelity International Value Factor ETF 25.4 39 -30 8.8 +2.1
VWID Virtus WMC International Dividend ETF 25.4 49 -40 7.4 +0.7
IDHQ Invesco S&P International Developed Quality ETF 25.2 29 -20 4.7 -2.0
EFAV iShares Edge MSCI Min Vol EAFE ETF 24.8 20 -11 5.0 -1.7
RFDI First Trust Riverfront Dynamic Developed International ETF 24.4 83 -74 5.1 -1.6
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 24.1 24 -15 6.5 -0.2
IDMO Invesco S&P International Developed Momentum ETF 23.9 26 -17 3.7 -3.0
ZGBR SPDR Solactive United Kingdom ETF 23.2 14 -5 7.1 +0.4
DTH WisdomTree International High Dividend Fund 23.2 58 -49 8.8 +2.1
FLGB Franklin FTSE United Kingdom ETF 23.2 9 0 6.9 +0.2
ESGG FlexShares STOXX Global ESG Impact Index Fund 22.9 42 -33 4.6 -2.1
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 22.8 32 -23 5.7 -1.0
IGRO iShares International Dividend Growth ETF 22.6 15 -6 7.0 +0.3
EWU iShares MSCI United Kingdom ETF 22.5 51 -42 6.5 -0.2
IOO iShares Global 100 ETF 22.5 40 -31 4.2 -2.5
JPIN JPMorgan Diversified Return International Equity ETF 22.3 37 -28 7.0 +0.3
QINT American Century Quality Diversified International ETF 22.0 39 -30 5.7 -1.0
HEDJ WisdomTree Europe Hedged Equity Fund 20.6 58 -49 6.0 -0.7
UIVM VictoryShares USAA MSCI International Value Momentum ETF 20.5 35 -26 7.7 +1.0
IQDY FlexShares International Quality Dividend Dynamic Index Fund 20.4 47 -38 8.2 +1.5
TOK iShares MSCI Kokusai ETF 20.2 25 -16 4.9 -1.8
HDEF Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF 20.1 20 -11 8.4 +1.7
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 20.1 58 -49 5.7 -1.0
IQDG WisdomTree International Quality Dividend Growth Fund 20.0 42 -33 5.9 -0.8
FEP First Trust Europe AlphaDEX Fund 19.9 80 -71 7.5 +0.8

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 Europe ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 10.8 %
Divided by: Fwd. P/BV 1.6 x
Less: Expense ratio 9 bp
Equals: ALTAR Score 6.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.56 CATEGORY
AVERAGE
1.54
 
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.