JPMorgan BetaBuilders Europe ETF
ALTAR
Score™
7.2% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
21.6x P/Sales
ratio
1.3x
P/BV
ratio
1.5x Div.
yield
3.0%


  • 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) $5,260
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 No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 509
Wgt avg mkt cap (mns) $74,427
Large cap (>$10bn) 88.6%
Mid cap ($2-10bn) 10.6%
Small cap (<$2bn) 0.1%
Developed mkts 99.9%
Emerging mkts 0.1%

TOP TEN HOLDINGS
NESTLE SA-REG 4.0 %
ROCHE HOLDING AG-GENUSSCHEIN 2.7 %
NOVARTIS AG-REG 2.3 %
ASML HOLDING NV 1.8 %
ASTRAZENECA PLC 1.6 %
LVMH MOET HENNESSY LOUIS VUI 1.3 %
SANOFI-AVENTIS 1.3 %
SIEMENS AG-REG 1.2 %
NOVO NORDISK A/S-B 1.2 %
GLAXOSMITHKLINE PLC 1.1 %
Total 18.6 %

TOP COUNTRY EXPOSURE
BRITAIN 21.7 %
SWITZERLAND 16.5 %
FRANCE 15.3 %
GERMANY 12.0 %
NETHERLANDS 7.3 %
SWEDEN 5.4 %
DENMARK 3.6 %
SPAIN 3.5 %
ITALY 3.5 %
FINLAND 2.2 %

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.
-9.6% -0.7% -- -- -1.0%

Market Correlations
versus... Beta R-squared
S&P500 0.84 81%
MSCI EAFE 1.01 97%
MSCI Emg. Mkts. 0.74 81%

Technical Indicators
Recent close $23.93
30d moving avg. $23.22
Annualized volatility 18.6%
Short interest (ETF) 0.0%
Relative strength (RSI) 63

Liquidity measures
Avg. volume (thou.) 1,709
Turnover 0.8%
Bid/Ask (% of price) 0.06%
ADV underlying (mns) $33,983

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 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™: 7.2%


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
(%)
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 92.0 30 -21 6.9 -0.4
FLEE Franklin FTSE Europe ETF 90.8 9 0 6.9 -0.3
IEV iShares Europe ETF 90.2 59 -50 6.7 -0.5
FLEH Franklin FTSE Europe Hedged ETF 89.9 9 0 7.0 -0.3
DBEU Xtrackers MSCI Europe Hedged Equity ETF 89.9 45 -36 6.5 -0.7
IEUR iShares Core MSCI Europe ETF 85.0 9 0 7.1 -0.1
FEU SPDR Portfolio Europe ETF 82.1 9 0 7.2 -0.1
VGK Vanguard FTSE Europe ETF 80.5 8 1 7.3 +0.1
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 68.3 25 -16 6.4 -0.8
IQSI IQ Candriam ESG International Equity ETF 61.2 15 -6 7.2 -0.0
EFA iShares MSCI EAFE ETF 60.0 32 -23 6.9 -0.3
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 59.8 20 -11 7.0 -0.3
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 57.6 35 -26 6.7 -0.5
GSID Goldman Sachs MarketBeta International Equity ETF 57.6 20 -11 7.2 0.0
ESGD iShares MSCI EAFE ESG Optimized ETF 56.7 20 -11 6.8 -0.4
HFXI IQ 50 Percent Hedged FTSE International ETF 54.9 20 -11 7.3 +0.1
BKIE BNY Mellon International Equity ETF 54.2 4 5 7.2 +0.0
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 53.7 7 2 7.4 +0.2
IEFA iShares Core MSCI EAFE ETF 52.6 7 2 7.2 -0.0
QEFA SPDR MSCI EAFE Quality Mix ETF 52.2 30 -21 6.8 -0.5
JHMD John Hancock Multifactor Developed International ETF 51.5 39 -30 7.3 +0.1
DOL WisdomTree International LargeCap Dividend Fund 49.8 48 -39 8.5 +1.3
SCHF Schwab International Equity ETF 49.7 6 3 7.2 +0.0
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 49.3 45 -36 8.7 +1.4
EFV iShares MSCI EAFE Value ETF 49.2 39 -30 9.4 +2.2
IDEV iShares Core MSCI International Developed Markets ETF 48.7 5 4 7.1 -0.1
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 47.7 35 -26 8.4 +1.1
DWM WisdomTree International Equity Fund 47.6 48 -39 8.2 +1.0
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 47.3 14 -5 6.9 -0.3
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 46.8 45 -36 6.6 -0.6
EZU iShares MSCI Eurozone ETF 46.6 49 -40 6.5 -0.7
EFG iShares MSCI EAFE Growth ETF 45.9 40 -31 4.5 -2.8
GSIE Goldman Sachs ActiveBeta International Equity ETF 45.2 25 -16 6.5 -0.7
EURZ Xtrackers Eurozone Equity ETF 45.1 9 0 6.9 -0.3
SPDW SPDR Portfolio Developed World ex-US ETF 44.9 4 5 7.0 -0.2
FNDF Schwab Fundamental International Large Co. Index ETF 44.8 25 -16 8.6 +1.4
OEUR O'shares FTSE Europe Quality Dividend ETF 43.3 48 -39 6.6 -0.6
VEA Vanguard FTSE Developed Markets ETF 43.3 5 4 7.3 +0.1
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 43.1 35 -26 6.8 -0.4
PDEV Principal International Multi-Factor Core Index ETF 42.8 25 -16 7.7 +0.5
SCID Global X Scientific Beta Europe ETF 41.7 39 -30 6.3 -0.9
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 40.5 39 -30 6.4 -0.8
IDY Pacific Global International Equity Income ETF 39.7 39 -30 7.9 +0.7
IQLT iShares Edge MSCI Intl Quality Factor ETF 38.8 30 -21 6.0 -1.3
CWI SPDR MSCI ACWI ex-US ETF 38.7 30 -21 7.1 -0.2
ACWX iShares MSCI ACWI ex U.S. ETF 38.3 32 -23 7.1 -0.1
ISDX Invesco Strategic Developed ex-US ETF 37.9 23 -14 7.2 -0.0
EUMV iShares Edge MSCI Min Vol Europe ETF 37.9 25 -16 5.0 -2.3
IQIN IQ 500 International ETF 37.5 25 -16 8.6 +1.4
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 37.3 40 -31 6.9 -0.3
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 36.7 16 -7 6.8 -0.4
VEU Vanguard FTSE All-World ex-US Index Fund 36.0 8 1 7.4 +0.2
CIL VictoryShares International Volatility Weighted Index ETF 36.0 45 -36 6.5 -0.7
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 35.8 45 -36 6.5 -0.7
VYMI Vanguard International High Dividend Yield ETF 35.3 32 -23 9.9 +2.7
IMTM iShares Edge MSCI Intl Momentum Factor ETF 34.5 30 -21 4.3 -2.9
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 34.3 30 -21 0.0 -7.2
IXUS ishares Core MSCI Total International Stock ETF 34.1 9 0 7.3 +0.1
RFEU First Trust Riverfront Dynamic Europe ETF 33.7 83 -74 5.2 -2.0
ISZE iShares Edge MSCI Intl Size Factor ETF 33.7 30 -21 7.2 +0.0
RNDM Developed International Equity Select ETF 32.8 65 -56 6.2 -1.0
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 32.5 39 -30 8.2 +1.0
VXUS Vanguard Total International Stock Index Fund 32.5 8 1 7.4 +0.2
RFDI First Trust Riverfront Dynamic Developed International ETF 32.0 83 -74 5.6 -1.7
VSGX Vanguard ESG International Stock ETF 30.3 17 -8 7.0 -0.2
IGRO iShares International Dividend Growth ETF 29.6 22 -13 7.8 +0.6
DTH WisdomTree DEFA Equity Income Fund 29.5 58 -49 9.6 +2.4
IDMO Invesco S&P International Developed Momentum ETF 29.0 26 -17 4.4 -2.8
FDEV Fidelity Targeted International Factor ETF 29.0 39 -30 6.5 -0.7
PQIN PGIM QMA Strategic Alpha International Equity ETF 28.1 29 -20 7.6 +0.3
NUDM Nuveen ESG International Developed Markets Equity ETF 27.8 40 -31 6.7 -0.5
EUDG WisdomTree Europe Quality Dividend Growth Fund 27.5 58 -49 6.0 -1.2
VIGI Vanguard International Dividend Appreciation ETF 27.4 25 -16 5.5 -1.7
FEZ SPDR EURO STOXX 50 ETF 27.3 29 -20 7.0 -0.2
QINT American Century Quality Diversified International ETF 27.3 39 -30 5.6 -1.6
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 27.2 24 -15 7.0 -0.2
AVDE Avantis International Equity ETF 27.2 23 -14 7.7 +0.4
RBIN Nationwide Risk-Based International Equity ETF 27.1 42 -33 6.1 -1.1
VGFO Virtus WMC Global Factor Opportunities ETF 27.1 49 -40 7.8 +0.6
EFAV iShares Edge MSCI Min Vol EAFE ETF 26.9 20 -11 5.4 -1.8
TPIF Timothy Plan International ETF 26.8 62 -53 6.2 -1.1
IDHQ Invesco S&P International Developed Quality ETF 26.7 29 -20 5.0 -2.2
FIVA Fidelity International Value Factor ETF 26.0 39 -30 9.8 +2.6
IVLU iShares Edge MSCI Intl Value Factor ETF 25.8 30 -21 11.3 +4.1
ESGG FlexShares STOXX Global ESG Impact Index Fund 22.7 42 -33 5.2 -2.0
JPIN JPMorgan Diversified Return International Equity ETF 22.5 37 -28 7.8 +0.6
IOO iShares Global 100 ETF 22.4 40 -31 4.6 -2.7
FLGB Franklin FTSE United Kingdom ETF 22.2 9 0 7.6 +0.4
DOO WisdomTree International Dividend ex-Financials Fund 22.1 58 -49 8.6 +1.4
QGBR SPDR MSCI UK StrategicFactors ETF 21.5 14 -5 7.7 +0.5
RODM Hartford Multifactor Developed Markets (ex-US) ETF 21.5 29 -20 8.5 +1.3
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 21.4 32 -23 6.3 -0.9
EWU iShares MSCI United Kingdom ETF 21.4 50 -41 7.1 -0.1
FEP First Trust Europe AlphaDEX Fund 20.9 80 -71 7.3 +0.1
HEDJ WisdomTree Europe Hedged Equity Fund 20.6 58 -49 6.8 -0.5
IDLB Invesco FTSE International Low Beta Equal Weight ETF 20.2 45 -36 7.0 -0.2
QWLD SPDR MSCI World StrategicFactors ETF 19.9 30 -21 6.0 -1.3
TOK iShares MSCI Kokusai ETF 19.8 25 -16 5.3 -1.9

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 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 10.6 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 9 bp
Equals: ALTAR Score 7.2 %
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.